NextEra Energy Inc (NEE) Expected to Announce Quarterly Sales of $4.44 Billion
Equities analysts predict that NextEra Energy Inc (NYSE:NEE) will announce $4.44 billion in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for NextEra Energy’s earnings, with estimates ranging from $3.90 billion to $4.98 billion. NextEra Energy posted sales of $4.01 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 10.7%. The firm is expected to report its next quarterly earnings report on Friday, January 25th.
On average, analysts expect that NextEra Energy will report full year sales of $17.25 billion for the current financial year, with estimates ranging from $17.17 billion to $17.33 billion. For the next year, analysts expect that the business will report sales of $18.47 billion, with estimates ranging from $16.51 billion to $20.18 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow NextEra Energy.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Tuesday, October 23rd. The utilities provider reported $2.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.15 by $0.03. NextEra Energy had a net margin of 51.25% and a return on equity of 10.21%. The business had revenue of $4.42 billion for the quarter, compared to analysts’ expectations of $4.92 billion. During the same period in the prior year, the company posted $1.85 EPS. The business’s revenue for the quarter was down 8.1% on a year-over-year basis.
NYSE NEE traded down $2.59 during trading hours on Wednesday, reaching $176.18. The company’s stock had a trading volume of 1,494,713 shares, compared to its average volume of 1,962,032. The stock has a market cap of $86.99 billion, a price-to-earnings ratio of 26.30, a PEG ratio of 2.79 and a beta of 0.13. NextEra Energy has a fifty-two week low of $145.10 and a fifty-two week high of $183.65. The company has a current ratio of 0.65, a quick ratio of 0.57 and a debt-to-equity ratio of 0.72.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Friday, November 30th will be issued a $1.11 dividend. The ex-dividend date is Thursday, November 29th. This represents a $4.44 dividend on an annualized basis and a yield of 2.52%. NextEra Energy’s dividend payout ratio (DPR) is 66.27%.
In other NextEra Energy news, EVP Charles E. Sieving sold 19,731 shares of the company’s stock in a transaction dated Monday, November 19th. The shares were sold at an average price of $180.10, for a total value of $3,553,553.10. Following the transaction, the executive vice president now directly owns 68,245 shares in the company, valued at approximately $12,290,924.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Armando Pimentel, Jr. sold 4,920 shares of the company’s stock in a transaction dated Tuesday, November 6th. The shares were sold at an average price of $170.11, for a total transaction of $836,941.20. Following the completion of the transaction, the chief executive officer now owns 59,969 shares in the company, valued at $10,201,326.59. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 70,941 shares of company stock worth $12,375,100. 0.55% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in the business. Capital Advisors Ltd. LLC lifted its holdings in shares of NextEra Energy by 323.5% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 648 shares of the utilities provider’s stock worth $109,000 after acquiring an additional 495 shares during the period. Private Ocean LLC lifted its holdings in shares of NextEra Energy by 154.2% during the 3rd quarter. Private Ocean LLC now owns 778 shares of the utilities provider’s stock worth $130,000 after acquiring an additional 472 shares during the period. Braun Bostich & Associates Inc. lifted its holdings in shares of NextEra Energy by 492.5% during the 2nd quarter. Braun Bostich & Associates Inc. now owns 865 shares of the utilities provider’s stock worth $144,000 after acquiring an additional 719 shares during the period. Howe & Rusling Inc. lifted its holdings in shares of NextEra Energy by 70.5% during the 2nd quarter. Howe & Rusling Inc. now owns 902 shares of the utilities provider’s stock worth $151,000 after acquiring an additional 373 shares during the period. Finally, LFA Lugano Financial Advisors SA purchased a new position in shares of NextEra Energy during the 3rd quarter worth about $168,000. Institutional investors own 75.88% 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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.
Featured Story: How is inflation measured?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for NextEra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy and related companies with MarketBeat.com's FREE daily email newsletter.