KeyCorp Has Bearish Forecast for NextEra Energy Q4 Earnings

NextEra Energy, Inc. (NYSE:NEE) – Equities research analysts at KeyCorp cut their Q4 2024 earnings per share estimates for shares of NextEra Energy in a research report issued to clients and investors on Tuesday, December 3rd. KeyCorp analyst S. Karp now anticipates that the utilities provider will post earnings of $0.46 per share for the quarter, down from their previous forecast of $0.55. The consensus estimate for NextEra Energy’s current full-year earnings is $3.41 per share. KeyCorp also issued estimates for NextEra Energy’s FY2025 earnings at $3.66 EPS, FY2026 earnings at $3.93 EPS and FY2027 earnings at $4.22 EPS.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.05. The firm had revenue of $7.57 billion during the quarter, compared to analysts’ expectations of $8.11 billion. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.94 earnings per share.

A number of other equities research analysts also recently commented on NEE. Guggenheim increased their price objective on shares of NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. BMO Capital Markets lifted their price target on shares of NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. Scotiabank upped their price objective on shares of NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. Dbs Bank cut NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. Finally, Jefferies Financial Group started coverage on NextEra Energy in a research report on Thursday, September 19th. They issued a “hold” rating and a $87.00 target price for the company. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, NextEra Energy currently has an average rating of “Hold” and a consensus price target of $86.85.

NextEra Energy Stock Performance

Shares of NEE opened at $75.24 on Thursday. The stock has a 50-day simple moving average of $79.68 and a 200-day simple moving average of $77.83. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41. NextEra Energy has a 1 year low of $53.95 and a 1 year high of $86.10. The stock has a market capitalization of $154.72 billion, a PE ratio of 22.26, a PEG ratio of 2.76 and a beta of 0.56.

Institutional Investors Weigh In On NextEra Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of NEE. Reston Wealth Management LLC purchased a new stake in shares of NextEra Energy during the 3rd quarter worth approximately $27,000. Semmax Financial Advisors Inc. boosted its position in shares of NextEra Energy by 197.4% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock worth $26,000 after buying an additional 225 shares in the last quarter. Proffitt & Goodson Inc. grew its stake in NextEra Energy by 64.0% in the 2nd quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 144 shares during the last quarter. Quarry LP acquired a new position in NextEra Energy during the third quarter worth about $33,000. Finally, Valley Wealth Managers Inc. acquired a new stake in shares of NextEra Energy in the second quarter valued at approximately $33,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Buying and Selling at NextEra Energy

In related news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total value of $302,808.99. Following the sale, the executive vice president now directly owns 15,792 shares in the company, valued at $1,193,401.44. The trade was a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.18% of the stock is currently owned by corporate insiders.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be given a $0.515 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a yield of 2.74%. NextEra Energy’s dividend payout ratio (DPR) is 60.95%.

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.