NextEra Energy (NEE) to Release Earnings on Friday

NextEra Energy (NYSE:NEE) is expected to be announcing its earnings results before the market opens on Friday, January 24th. Analysts expect the company to announce earnings of $0.53 per share and revenue of $7,969,732.81 billion for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.05. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The business had revenue of $7.57 billion for the quarter, compared to analyst estimates of $8.11 billion. During the same period in the prior year, the company 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 Price Performance

Shares of NextEra Energy stock opened at $71.39 on Friday. The firm has a market cap of $146.81 billion, a PE ratio of 21.12, a P/E/G ratio of 2.26 and a beta of 0.58. NextEra Energy has a twelve month low of $53.95 and a twelve month high of $86.10. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. The business has a 50-day moving average price of $73.68 and a 200 day moving average price of $77.20.

Insider Transactions at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction on Tuesday, November 12th. The stock was 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 $1,193,401.44. The trade was a 20.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Guggenheim boosted their price objective on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Dbs Bank lowered shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. Morgan Stanley reduced their price objective on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating for the company in a research report on Friday, November 22nd. BMO Capital Markets lifted their target price on shares of NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. Finally, Jefferies Financial Group initiated coverage on shares of NextEra Energy in a research note on Thursday, September 19th. They set a “hold” rating and a $87.00 target price for the company. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $87.15.

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.