NextEra Energy (NEE) Expected to Post Earnings on Friday

NextEra Energy (NYSE:NEE - Get Free Report) is expected to be issuing its quarterly earnings data before the market opens on Friday, January 24th. Analysts expect NextEra Energy to post earnings of $0.53 per share and revenue of $7,969,732.81 billion for the quarter. Parties interested in listening to the company's conference call can do so using this link.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.98 by $0.05. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The company had revenue of $7.57 billion during the quarter, compared to analyst estimates of $8.11 billion. During the same quarter last year, the business posted $0.94 EPS. The company's revenue for the quarter was up 5.5% on a year-over-year basis. On average, analysts expect NextEra Energy to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

NextEra Energy Stock Down 0.8 %

Shares of NYSE:NEE traded down $0.54 during midday trading on Friday, hitting $70.83. 7,777,777 shares of the stock were exchanged, compared to its average volume of 9,929,319. The company has a market capitalization of $145.66 billion, a PE ratio of 20.96, a P/E/G ratio of 2.26 and a beta of 0.58. NextEra Energy has a 52-week low of $53.95 and a 52-week high of $86.10. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41. The business's fifty day simple moving average is $73.62 and its two-hundred day simple moving average is $77.16.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on NEE shares. Royal Bank of Canada downgraded NextEra Energy from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, October 22nd. Dbs Bank cut shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 27th. Jefferies Financial Group started coverage on shares of NextEra Energy in a research note on Thursday, September 19th. They set a "hold" rating and a $87.00 price target on the stock. Guggenheim lifted their price objective on shares of NextEra Energy from $90.00 to $92.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Finally, Morgan Stanley lowered their target price on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a research report on Friday, November 22nd. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, NextEra Energy presently has a consensus rating of "Hold" and a consensus price target of $87.15.

Insider Transactions at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,007 shares of the business's stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total transaction of $302,808.99. Following the transaction, the executive vice president now owns 15,792 shares in the company, valued at approximately $1,193,401.44. The trade was a 20.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.18% of the company's stock.

NextEra Energy Company Profile

NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.