Equities research analysts expect NextEra Energy Inc (NYSE:NEE) to post $2.29 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for NextEra Energy’s earnings, with the lowest EPS estimate coming in at $2.21 and the highest estimate coming in at $2.36. NextEra Energy reported earnings per share of $2.11 during the same quarter last year, which would suggest a positive year over year growth rate of 8.5%. The business is scheduled to announce its next earnings report on Wednesday, July 24th.

According to Zacks, analysts expect that NextEra Energy will report full year earnings of $8.41 per share for the current year, with EPS estimates ranging from $8.33 to $8.52. For the next year, analysts anticipate that the company will report earnings of $9.09 per share, with EPS estimates ranging from $8.95 to $9.25. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that follow NextEra Energy.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $2.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.01 by $0.19. The firm had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.11 billion. NextEra Energy had a net margin of 17.13% and a return on equity of 10.26%. During the same period last year, the firm posted $1.94 EPS.

Several equities analysts recently commented on NEE shares. Barclays raised shares of NextEra Energy from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $187.00 to $207.00 in a research report on Wednesday, March 20th. They noted that the move was a valuation call. Scotiabank raised shares of NextEra Energy from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $187.00 to $202.00 in a research report on Wednesday, May 8th. Zacks Investment Research raised shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $193.00 price objective for the company in a research report on Wednesday, January 30th. Morgan Stanley increased their price objective on shares of NextEra Energy from $184.00 to $188.00 and gave the company an “overweight” rating in a research report on Tuesday, February 12th. Finally, Wells Fargo & Co increased their price objective on shares of NextEra Energy from $200.00 to $210.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $196.33.

Shares of NextEra Energy stock traded up $0.59 during midday trading on Wednesday, hitting $195.49. The company had a trading volume of 39,894 shares, compared to its average volume of 1,805,043. The firm has a market capitalization of $93.36 billion, a P/E ratio of 25.38, a PEG ratio of 2.96 and a beta of 0.28. The company has a quick ratio of 0.38, a current ratio of 0.46 and a debt-to-equity ratio of 0.79. NextEra Energy has a 12-month low of $155.06 and a 12-month high of $196.71.

In other NextEra Energy news, Director Rudy E. Schupp sold 1,600 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $191.52, for a total transaction of $306,432.00. Following the completion of the transaction, the director now directly owns 19,210 shares of the company’s stock, valued at approximately $3,679,099.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Charles E. Sieving sold 5,916 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $192.20, for a total transaction of $1,137,055.20. Following the transaction, the executive vice president now directly owns 51,454 shares of the company’s stock, valued at $9,889,458.80. The disclosure for this sale can be found here. Insiders have sold a total of 179,689 shares of company stock valued at $34,234,266 over the last three months. 0.48% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of NEE. Oregon Public Employees Retirement Fund raised its position in NextEra Energy by 17,067.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 8,822,408 shares of the utilities provider’s stock worth $51,000 after buying an additional 8,771,018 shares during the last quarter. Norges Bank purchased a new position in shares of NextEra Energy during the 4th quarter valued at approximately $1,172,014,000. GQG Partners LLC purchased a new position in shares of NextEra Energy during the 4th quarter valued at approximately $264,629,000. BlackRock Inc. increased its holdings in shares of NextEra Energy by 2.4% during the 4th quarter. BlackRock Inc. now owns 37,651,697 shares of the utilities provider’s stock valued at $6,544,616,000 after purchasing an additional 886,301 shares in the last quarter. Finally, Vanguard Group Inc increased its holdings in shares of NextEra Energy by 2.0% during the 3rd quarter. Vanguard Group Inc now owns 41,214,999 shares of the utilities provider’s stock valued at $6,907,634,000 after purchasing an additional 815,916 shares in the last quarter. 77.00% of the stock is owned by institutional investors.

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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