NextEra Energy, Inc. (NYSE:NEE – Free Report) – Investment analysts at Seaport Res Ptn raised their FY2026 EPS estimates for NextEra Energy in a research note issued to investors on Tuesday, October 22nd. Seaport Res Ptn analyst A. Storozynski now forecasts that the utilities provider will earn $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.
A number of other research firms have also recently issued reports on NEE. Scotiabank upped their price target on shares of NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. Citigroup upped their price objective on shares of NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, June 27th. BMO Capital Markets upped their price objective 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. Guggenheim upped 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. Finally, Jefferies Financial Group began coverage on shares of NextEra Energy in a research report on Thursday, September 19th. They set a “hold” rating and a $87.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $86.38.
NextEra Energy Stock Down 2.5 %
NEE stock opened at $82.82 on Wednesday. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.49 and a quick ratio of 0.41. NextEra Energy has a 52-week low of $53.81 and a 52-week high of $86.10. The company has a 50-day moving average of $82.19 and a two-hundred day moving average of $75.96. The stock has a market capitalization of $170.16 billion, a price-to-earnings ratio of 22.57, a price-to-earnings-growth ratio of 2.92 and a beta of 0.56.
NextEra Energy (NYSE:NEE – Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.05. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. The company had revenue of $7.57 billion during the quarter, compared to analysts’ expectations of $8.11 billion. During the same period in the prior year, the company earned $0.94 earnings per share. The business’s quarterly revenue was up 5.5% compared to the same quarter last year.
NextEra Energy Announces Dividend
The firm also recently declared 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. This represents a $2.06 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend is Friday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.
Insider Buying and Selling
In other news, EVP Nicole J. Daggs sold 658 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were 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 owns 100 shares of the company’s stock, valued at approximately $7,697. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.18% of the company’s stock.
Institutional Trading of NextEra Energy
Hedge funds have recently modified their holdings of the company. Semmax Financial Advisors Inc. increased its holdings in shares of NextEra Energy by 197.4% during the second 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. increased its holdings in shares of NextEra Energy by 64.0% during the second quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock worth $26,000 after buying an additional 144 shares in the last quarter. Valley Wealth Managers Inc. bought a new stake in shares of NextEra Energy during the second quarter valued at approximately $33,000. Maryland Capital Advisors Inc. bought a new stake in shares of NextEra Energy during the third quarter valued at approximately $39,000. Finally, ORG Wealth Partners LLC bought a new stake in shares of NextEra Energy during the third quarter valued at approximately $45,000. Institutional investors and hedge funds 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.
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