NextEra Energy, Inc. (NYSE:NEE) Expected to Post Q2 2023 Earnings of $0.83 Per Share

Posted by Defense World Staff on Jul 22nd, 2023

NextEra Energy, Inc. (NYSE:NEE – Free Report) – Stock analysts at KeyCorp increased their Q2 2023 earnings per share estimates for NextEra Energy in a research note issued to investors on Tuesday, July 18th. KeyCorp analyst S. Karp now expects that the utilities provider will post earnings per share of $0.83 for the quarter, up from their previous forecast of $0.77. The consensus estimate for NextEra Energy’s current full-year earnings is $3.11 per share. KeyCorp also issued estimates for NextEra Energy’s FY2023 earnings at $3.11 EPS, FY2025 earnings at $3.67 EPS, FY2026 earnings at $3.90 EPS and FY2027 earnings at $4.18 EPS.

Other research analysts have also issued reports about the company. BMO Capital Markets cut their price objective on NextEra Energy from $95.00 to $90.00 in a research report on Wednesday, April 26th. JPMorgan Chase & Co. cut their price objective on NextEra Energy from $93.00 to $85.00 in a research report on Thursday, June 8th. StockNews.com assumed coverage on NextEra Energy in a research report on Thursday, May 18th. They issued a “hold” rating on the stock. Morgan Stanley reissued an “overweight” rating and issued a $93.00 price objective on shares of NextEra Energy in a research report on Friday. Finally, The Goldman Sachs Group started coverage on NextEra Energy in a research report on Wednesday, June 7th. They issued a “buy” rating and a $90.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $91.36.

NextEra Energy Trading Up 2.4 %

NYSE:NEE opened at $75.90 on Friday. The business’s 50-day moving average is $74.03 and its two-hundred day moving average is $76.05. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.53 and a quick ratio of 0.46. NextEra Energy has a 12 month low of $69.64 and a 12 month high of $91.35. The firm has a market capitalization of $153.58 billion, a PE ratio of 22.59, a price-to-earnings-growth ratio of 2.79 and a beta of 0.46.

NextEra Energy (NYSE:NEE – Get Free Report) last issued its earnings results on Tuesday, April 25th. The utilities provider reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.09. The business had revenue of $6.72 billion for the quarter, compared to analyst estimates of $5.78 billion. NextEra Energy had a return on equity of 12.44% and a net margin of 26.97%. During the same period last year, the company posted $0.74 EPS.

Institutional Investors Weigh In On NextEra Energy

A number of hedge funds have recently made changes to their positions in the business. Charter Oak Capital Management LLC lifted its position in shares of NextEra Energy by 1.0% during the first quarter. Charter Oak Capital Management LLC now owns 13,474 shares of the utilities provider’s stock valued at $1,039,000 after purchasing an additional 130 shares in the last quarter. Horan Securities Inc. lifted its position in shares of NextEra Energy by 22.6% during the first quarter. Horan Securities Inc. now owns 710 shares of the utilities provider’s stock valued at $55,000 after purchasing an additional 131 shares in the last quarter. Nvest Financial LLC lifted its position in shares of NextEra Energy by 1.1% during the first quarter. Nvest Financial LLC now owns 11,846 shares of the utilities provider’s stock valued at $913,000 after purchasing an additional 132 shares in the last quarter. White Pine Capital LLC lifted its position in shares of NextEra Energy by 0.8% during the first quarter. White Pine Capital LLC now owns 16,348 shares of the utilities provider’s stock valued at $1,260,000 after purchasing an additional 135 shares in the last quarter. Finally, Wimmer Associates 1 LLC lifted its position in shares of NextEra Energy by 3.6% during the first quarter. Wimmer Associates 1 LLC now owns 3,935 shares of the utilities provider’s stock valued at $305,000 after purchasing an additional 135 shares in the last quarter. Institutional investors own 77.70% of the company’s stock.

Insider Buying and Selling at NextEra Energy

In related news, CEO John W. Ketchum bought 13,600 shares of the firm’s stock in a transaction on Wednesday, June 14th. The stock was bought at an average cost of $74.26 per share, for a total transaction of $1,009,936.00. Following the completion of the purchase, the chief executive officer now directly owns 184,485 shares in the company, valued at approximately $13,699,856.10. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Robert Coffey sold 4,000 shares of NextEra Energy stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $74.90, for a total transaction of $299,600.00. Following the sale, the executive vice president now owns 11,292 shares of the company’s stock, valued at $845,770.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO John W. Ketchum purchased 13,600 shares of the business’s stock in a transaction dated Wednesday, June 14th. The shares were acquired at an average cost of $74.26 per share, for a total transaction of $1,009,936.00. Following the acquisition, the chief executive officer now owns 184,485 shares of the company’s stock, valued at approximately $13,699,856.10. The disclosure for this purchase can be found here. 0.18% of the stock is currently owned by insiders.

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Tuesday, May 30th were paid a $0.4675 dividend. The ex-dividend date of this dividend was Friday, May 26th. This represents a $1.87 dividend on an annualized basis and a yield of 2.46%. NextEra Energy’s dividend payout ratio (DPR) is 55.65%.

NextEra Energy Company Profile

(Get Free Report)

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, coal, and natural gas facilities. 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.