Analysts expect NextEra Energy Inc (NYSE:NEE) to announce earnings of $2.15 per share for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for NextEra Energy’s earnings. The lowest EPS estimate is $2.09 and the highest is $2.27. NextEra Energy reported earnings per share of $1.85 during the same quarter last year, which would suggest a positive year over year growth rate of 16.2%. The business is scheduled to issue its next earnings results on Thursday, October 25th.

On average, analysts expect that NextEra Energy will report full-year earnings of $7.76 per share for the current fiscal year, with EPS estimates ranging from $7.69 to $7.85. For the next financial year, analysts anticipate that the company will report earnings of $8.33 per share, with EPS estimates ranging from $8.23 to $8.43. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for NextEra Energy.

NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, July 25th. The utilities provider reported $2.11 earnings per share for the quarter, beating the 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 firm had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.51 billion. During the same quarter in the prior year, the company earned $1.86 EPS. The firm’s revenue for the quarter was down 7.6% compared to the same quarter last year.

Several analysts recently weighed in on the company. ValuEngine downgraded NextEra Energy from a “buy” rating to a “hold” rating in a research note on Thursday, May 17th. Howard Weil assumed coverage on NextEra Energy in a research note on Tuesday, July 24th. They set a “sector perform” rating for the company. Zacks Investment Research upgraded NextEra Energy from a “hold” rating to a “buy” rating and set a $191.00 target price for the company in a research note on Wednesday, August 8th. Morgan Stanley reduced their price objective on NextEra Energy from $172.00 to $169.00 and set an “overweight” rating for the company in a research report on Wednesday, June 13th. Finally, Barclays initiated coverage on NextEra Energy in a research report on Tuesday, July 10th. They issued an “equal weight” rating and a $182.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $167.08.

NYSE:NEE traded down $0.07 during mid-day trading on Tuesday, hitting $170.03. 1,696,696 shares of the company’s stock traded hands, compared to its average volume of 1,960,860. NextEra Energy has a 12 month low of $144.70 and a 12 month high of $175.65. The company has a market cap of $80.22 billion, a price-to-earnings ratio of 25.43, a PEG ratio of 2.62 and a beta of 0.18. 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 also recently disclosed a quarterly dividend, which will be paid on Monday, September 17th. Shareholders of record on Thursday, August 30th will be given a $1.11 dividend. The ex-dividend date is Wednesday, August 29th. This represents a $4.44 dividend on an annualized basis and a dividend yield of 2.61%. NextEra Energy’s dividend payout ratio is currently 66.27%.

In related news, CEO Eric E. Silagy sold 17,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $171.91, for a total transaction of $2,922,470.00. Following the completion of the transaction, the chief executive officer now owns 42,898 shares in the company, valued at approximately $7,374,595.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Armando Pimentel, Jr. sold 8,336 shares of the firm’s stock in a transaction that occurred on Thursday, June 14th. The stock was sold at an average price of $157.15, for a total value of $1,310,002.40. Following the transaction, the chief executive officer now owns 77,139 shares of the company’s stock, valued at approximately $12,122,393.85. The disclosure for this sale can be found here. Insiders sold a total of 54,070 shares of company stock valued at $8,891,072 in the last quarter. Corporate insiders own 0.55% of the company’s stock.

Several institutional investors have recently bought and sold shares of NEE. Gables Capital Management Inc. bought a new position in shares of NextEra Energy during the 1st quarter worth approximately $105,000. Braun Bostich & Associates Inc. lifted its position 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 buying an additional 719 shares during the period. Centersquare Investment Management LLC bought a new position in shares of NextEra Energy during the 1st quarter worth approximately $150,000. Stelac Advisory Services LLC bought a new position in shares of NextEra Energy during the 1st quarter worth approximately $151,000. Finally, Howe & Rusling Inc. lifted its position 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 buying an additional 373 shares during the period. Institutional investors and hedge funds own 76.29% of the company’s stock.

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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

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