KeyCorp Weighs in on NextEra Energy's Q4 Earnings (NYSE:NEE)

NextEra Energy, Inc. (NYSE:NEE - Free Report) - KeyCorp reduced their Q4 2024 earnings per share (EPS) estimates for NextEra Energy in a note issued to investors on Monday, October 21st. KeyCorp analyst S. Karp now forecasts that the utilities provider will post earnings per share of $0.55 for the quarter, down from their prior forecast of $0.70. The consensus estimate for NextEra Energy's current full-year earnings is $3.40 per share. KeyCorp also issued estimates for NextEra Energy's FY2025 earnings at $3.64 EPS, FY2026 earnings at $3.90 EPS, FY2027 earnings at $4.17 EPS and FY2028 earnings at $4.48 EPS.

Other equities research analysts have also recently issued reports about the company. Citigroup lifted their target price on NextEra Energy from $69.00 to $84.00 and gave the stock a "buy" rating in a report on Thursday, June 27th. Dbs Bank cut NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Friday, September 27th. Bank of America lifted their target price on NextEra Energy from $77.00 to $81.00 and gave the stock a "neutral" rating in a report on Thursday, August 29th. Morgan Stanley lifted their target price on NextEra Energy from $87.00 to $90.00 and gave the stock an "overweight" rating in a report on Wednesday, September 25th. Finally, Guggenheim lifted their price target on NextEra Energy from $90.00 to $92.00 and gave the stock a "buy" rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, NextEra Energy currently has an average rating of "Hold" and an average price target of $86.38.

NextEra Energy Price Performance

Shares of NEE stock traded down $2.14 during trading hours on Thursday, hitting $82.82. The stock had a trading volume of 9,705,078 shares, compared to its average volume of 10,753,650. NextEra Energy has a one year low of $53.81 and a one year high of $86.10. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.49 and a quick ratio of 0.41. The stock's 50-day moving average price is $82.19 and its two-hundred day moving average price is $75.96. The stock has a market capitalization of $170.16 billion, a price-to-earnings ratio of 22.53, a PEG ratio of 2.92 and a beta of 0.56.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, beating analysts' consensus estimates of $0.98 by $0.05. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. The business had revenue of $7.57 billion for the quarter, compared to analysts' expectations of $8.11 billion. During the same period last year, the firm earned $0.94 earnings per share. The business's quarterly revenue was up 5.5% on a year-over-year basis.

Institutional Trading of NextEra Energy

A number of hedge funds have recently added to or reduced their stakes in the business. First American Bank lifted its position in shares of NextEra Energy by 16.4% in the 3rd quarter. First American Bank now owns 5,777 shares of the utilities provider's stock worth $488,000 after purchasing an additional 812 shares during the period. OMNI 360 Wealth Inc. lifted its position in shares of NextEra Energy by 2.0% in the 3rd quarter. OMNI 360 Wealth Inc. now owns 7,769 shares of the utilities provider's stock worth $657,000 after purchasing an additional 155 shares during the period. State of Alaska Department of Revenue lifted its position in shares of NextEra Energy by 6.8% in the 3rd quarter. State of Alaska Department of Revenue now owns 238,661 shares of the utilities provider's stock worth $20,174,000 after purchasing an additional 15,270 shares during the period. Frank Rimerman Advisors LLC lifted its position in shares of NextEra Energy by 14.8% in the 3rd quarter. Frank Rimerman Advisors LLC now owns 31,531 shares of the utilities provider's stock worth $2,665,000 after purchasing an additional 4,062 shares during the period. Finally, Smith Salley Wealth Management lifted its position in shares of NextEra Energy by 3.6% in the 3rd quarter. Smith Salley Wealth Management now owns 291,142 shares of the utilities provider's stock worth $24,610,000 after purchasing an additional 10,150 shares during the period. 78.72% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of the business'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 transaction, the executive vice president now owns 100 shares in the company, valued at $7,697. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.18% of the company's stock.

NextEra Energy Dividend Announcement

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 is Friday, November 22nd. This represents a $2.06 annualized dividend and a dividend yield of 2.49%. NextEra Energy's dividend payout ratio (DPR) is presently 56.13%.

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.