NextEra Energy Inc (NEE) Expected to Post Quarterly Sales of $4.89 Billion
Wall Street analysts expect that NextEra Energy Inc (NYSE:NEE) will post sales of $4.89 billion for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for NextEra Energy’s earnings, with estimates ranging from $4.48 billion to $5.30 billion. NextEra Energy posted sales of $4.81 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 1.7%. The business is expected to announce its next earnings results before the market opens on Tuesday, October 23rd.
According to Zacks, analysts expect that NextEra Energy will report full year sales of $17.36 billion for the current financial year, with estimates ranging from $16.31 billion to $18.23 billion. For the next financial year, analysts forecast that the company will post sales of $18.60 billion, with estimates ranging from $16.51 billion to $20.70 billion. Zacks’ sales averages are an average based on a survey of research firms that follow NextEra Energy.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Wednesday, July 25th. The utilities provider reported $2.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.06 by $0.05. NextEra Energy had a return on equity of 10.49% and a net margin of 49.10%. The business had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.51 billion. During the same period in the prior year, the company posted $1.86 EPS. The firm’s revenue for the quarter was down 7.6% compared to the same quarter last year.
In related news, CEO Armando Pimentel, Jr. sold 10,734 shares of the stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $170.98, for a total transaction of $1,835,299.32. Following the sale, the chief executive officer now owns 64,169 shares in the company, valued at approximately $10,971,615.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Rudy E. Schupp sold 1,600 shares of the stock in a transaction on Monday, October 1st. The shares were sold at an average price of $167.00, for a total value of $267,200.00. Following the sale, the director now owns 21,300 shares in the company, valued at approximately $3,557,100. The disclosure for this sale can be found here. Insiders have sold a total of 74,024 shares of company stock worth $12,742,375 over the last ninety days. Insiders own 0.55% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Braun Bostich & Associates Inc. raised its holdings in NextEra Energy by 492.5% during the 2nd quarter. Braun Bostich & Associates Inc. now owns 865 shares of the utilities provider’s stock valued at $144,000 after buying an additional 719 shares during the period. Howe & Rusling Inc. raised its holdings in NextEra Energy by 70.5% during the 2nd quarter. Howe & Rusling Inc. now owns 902 shares of the utilities provider’s stock valued at $151,000 after buying an additional 373 shares during the period. Marshall & Sullivan Inc. WA purchased a new stake in NextEra Energy in the second quarter worth $167,000. LFA Lugano Financial Advisors SA purchased a new stake in NextEra Energy in the third quarter worth $168,000. Finally, CSat Investment Advisory L.P. purchased a new stake in NextEra Energy in the second quarter worth $176,000. Institutional investors own 76.38% of the company’s stock.
NEE stock opened at $173.46 on Friday. NextEra Energy has a 1-year low of $145.10 and a 1-year high of $175.66. The company has a quick ratio of 0.46, a current ratio of 0.58 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $80.56 billion, a price-to-earnings ratio of 25.68, a price-to-earnings-growth ratio of 2.62 and a beta of 0.20.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Friday, November 30th will be issued a dividend of $1.11 per share. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $4.44 annualized dividend and a dividend yield of 2.56%. NextEra Energy’s dividend payout ratio (DPR) is 66.27%.
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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.
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