NextEra Energy, Inc. (NYSE:NEE – Get Rating) – Equities research analysts at Seaport Res Ptn boosted their FY2023 EPS estimates for shares of NextEra Energy in a research note issued to investors on Thursday, January 26th. Seaport Res Ptn analyst A. Storozynski now forecasts that the utilities provider will earn $3.12 per share for the year, up from their prior estimate of $3.10. The consensus estimate for NextEra Energy's current full-year earnings is $3.11 per share. Seaport Res Ptn also issued estimates for NextEra Energy's FY2024 earnings at $3.40 EPS and FY2025 earnings at $3.67 EPS.
Get NextEra Energy alerts:NextEra Energy (NYSE:NEE – Get Rating) last announced its quarterly earnings data on Wednesday, January 25th. The utilities provider reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.01. NextEra Energy had a return on equity of 12.51% and a net margin of 19.79%. The firm had revenue of $6.16 billion during the quarter, compared to analyst estimates of $6.58 billion. During the same period in the previous year, the company earned $0.41 earnings per share. NextEra Energy's quarterly revenue was up 22.2% on a year-over-year basis.
Other analysts have also recently issued reports about the stock. StockNews.com started coverage on shares of NextEra Energy in a report on Wednesday, October 12th. They set a "hold" rating on the stock. Credit Suisse Group decreased their target price on NextEra Energy from $89.00 to $85.00 and set an "outperform" rating for the company in a research note on Thursday. KeyCorp lowered their target price on NextEra Energy from $93.00 to $89.00 and set an "overweight" rating for the company in a report on Thursday, October 20th. Morgan Stanley raised their price target on NextEra Energy from $98.00 to $100.00 and gave the stock an "overweight" rating in a report on Monday, January 23rd. Finally, Wells Fargo & Company upped their price objective on NextEra Energy from $105.00 to $110.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 10th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, NextEra Energy currently has an average rating of "Moderate Buy" and an average target price of $92.45.NextEra Energy Stock Performance
NEE stock opened at $75.58 on Friday. The firm has a market cap of $150.19 billion, a P/E ratio of 36.23, a P/E/G ratio of 2.59 and a beta of 0.48. The stock's 50 day simple moving average is $84.03 and its 200 day simple moving average is $83.01. The company has a current ratio of 0.51, a quick ratio of 0.40 and a debt-to-equity ratio of 1.14. NextEra Energy has a 12-month low of $67.22 and a 12-month high of $91.35.
Insider Activity
In other news, EVP Robert Coffey sold 2,908 shares of the firm's stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $78.19, for a total transaction of $227,376.52. Following the transaction, the executive vice president now directly owns 11,489 shares of the company's stock, valued at $898,324.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Robert Coffey sold 2,908 shares of the firm's stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $78.19, for a total transaction of $227,376.52. Following the transaction, the executive vice president now directly owns 11,489 shares of the company's stock, valued at $898,324.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Miguel Arechabala sold 12,478 shares of the firm's stock in a transaction on Monday, December 12th. The shares were sold at an average price of $85.89, for a total value of $1,071,735.42. Following the transaction, the executive vice president now directly owns 24,710 shares in the company, valued at $2,122,341.90. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 46,617 shares of company stock valued at $3,962,217. Company insiders own 0.38% of the company's stock.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. Hoey Investments Inc. bought a new position in NextEra Energy during the second quarter valued at about $26,000. Urban Wealth Management LLC bought a new position in NextEra Energy during the second quarter valued at about $28,000. SRS Capital Advisors Inc. boosted its position in shares of NextEra Energy by 70.8% in the 2nd quarter. SRS Capital Advisors Inc. now owns 386 shares of the utilities provider's stock valued at $30,000 after purchasing an additional 160 shares during the period. Trifecta Capital Advisors LLC acquired a new position in shares of NextEra Energy in the 4th quarter valued at $35,000. Finally, Align Wealth Management LLC acquired a new position in shares of NextEra Energy in the 4th quarter valued at $34,000. Institutional investors own 76.17% of the company's stock.
About NextEra Energy
(Get Rating)
NextEra Energy, Inc is an electric power and energy infrastructure company. It operates through the following segments: FPL and NEER. The FPL segment engages primarily in the generation, transmission, distribution, and sale of electric energy in Florida. The NEER segment produces electricity from clean and renewable sources, including wind and solar.
Recommended Stories
- Get a free copy of the StockNews.com research report on NextEra Energy (NEE)
- MarketBeat Week in Review – 1/23- 1/27
- Why Lucid Spiked Nearly 100% In One Day
- Ride These Railroad Stocks for Growth and Income
- ASML Sees Demand For Chips Rallying This Year, Boosts Sales View
- KLA Corporation: Strength In A Troubled Semi-Market
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.