Seaport Res Ptn Forecasts Higher Earnings for NextEra Energy

NextEra Energy, Inc. (NYSE:NEE - Free Report) - Seaport Res Ptn lifted their FY2026 EPS estimates for shares of NextEra Energy in a research note issued on Tuesday, October 22nd. Seaport Res Ptn analyst A. Storozynski now forecasts that the utilities provider will post earnings of $4.01 per share for the year, up from their prior estimate of $3.99. The consensus estimate for NextEra Energy's current full-year earnings is $3.40 per share. Seaport Res Ptn also issued estimates for NextEra Energy's FY2027 earnings at $4.25 EPS.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.93 by $0.03. The firm had revenue of $6.07 billion during the quarter, compared to the consensus estimate of $7.29 billion. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. During the same quarter in the previous year, the firm posted $0.88 EPS.

Other analysts have also recently issued reports about the stock. Barclays increased their price objective on shares of NextEra Energy from $76.00 to $80.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 1st. Morgan Stanley lifted their target price on NextEra Energy from $87.00 to $90.00 and gave the company an "overweight" rating in a research note on Wednesday, September 25th. Citigroup upped their price target on NextEra Energy from $69.00 to $84.00 and gave the stock a "buy" rating in a research note on Thursday, June 27th. Wells Fargo & Company boosted their target price on shares of NextEra Energy from $95.00 to $102.00 and gave the stock an "overweight" rating in a report on Tuesday, September 3rd. Finally, JPMorgan Chase & Co. raised their target price on shares of NextEra Energy from $91.00 to $94.00 and gave the company an "overweight" rating in a research note on Friday, August 2nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $85.46.

NextEra Energy Stock Performance

Shares of NYSE NEE traded up $1.26 during trading on Wednesday, hitting $84.96. The company had a trading volume of 10,775,217 shares, compared to its average volume of 10,758,532. The stock has a 50 day simple moving average of $82.05 and a 200 day simple moving average of $75.89. The firm has a market capitalization of $174.55 billion, a P/E ratio of 22.75, a price-to-earnings-growth ratio of 2.92 and a beta of 0.56. NextEra Energy has a 12 month low of $53.11 and a 12 month high of $86.10. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.41 and a current ratio of 0.49.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be given a dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.06 annualized dividend and a dividend yield of 2.42%. NextEra Energy's dividend payout ratio (DPR) is presently 56.13%.

Insider Buying and Selling at NextEra Energy

In related news, EVP Nicole J. Daggs sold 658 shares of the firm's stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $76.97, for a total transaction of $50,646.26. Following the completion of the sale, the executive vice president now directly owns 100 shares of the company's stock, valued at approximately $7,697. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.18% of the company's stock.

Institutional Investors Weigh In On NextEra Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Intech Investment Management LLC boosted its holdings in shares of NextEra Energy by 35.7% in the first quarter. Intech Investment Management LLC now owns 100,308 shares of the utilities provider's stock valued at $6,411,000 after purchasing an additional 26,382 shares during the period. Border to Coast Pensions Partnership Ltd lifted its holdings in shares of NextEra Energy by 2.2% in the 3rd quarter. Border to Coast Pensions Partnership Ltd now owns 1,216,077 shares of the utilities provider's stock worth $102,495,000 after buying an additional 26,270 shares during the period. Ancora Advisors LLC grew its position in shares of NextEra Energy by 10.6% during the 1st quarter. Ancora Advisors LLC now owns 79,994 shares of the utilities provider's stock worth $5,112,000 after buying an additional 7,677 shares in the last quarter. Magnolia Capital Advisors LLC increased its stake in shares of NextEra Energy by 1,224.3% during the second quarter. Magnolia Capital Advisors LLC now owns 72,453 shares of the utilities provider's stock valued at $5,130,000 after buying an additional 66,982 shares during the period. Finally, Raymond James & Associates raised its holdings in shares of NextEra Energy by 57.0% in the second quarter. Raymond James & Associates now owns 5,957,220 shares of the utilities provider's stock valued at $421,831,000 after acquiring an additional 2,163,437 shares in the last quarter. Institutional investors own 78.72% of the company's stock.

About NextEra Energy

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.