KeyCorp Predicts NextEra Energy's FY2027 Earnings (NYSE:NEE)

Key Points

• KeyCorp predicts that NextEra Energy will earn $4.22 per share in FY2027, surpassing the current consensus estimate of $3.68 per share.
• NextEra Energy reported $1.05 EPS for its last quarter, exceeding expectations, but its revenue of $6.70 billion fell short of the consensus estimate of $7.52 billion.
• The company declared a quarterly dividend of $0.5665 per share, representing a 2.7% yield based on a payout ratio of 79.37%.

NextEra Energy, Inc. (NYSE:NEE - Free Report) - KeyCorp issued their FY2027 EPS estimates for NextEra Energy in a research report issued to clients and investors on Wednesday, October 15th. KeyCorp analyst S. Karp anticipates that the utilities provider will earn $4.22 per share for the year. The consensus estimate for NextEra Energy's current full-year earnings is $3.68 per share. KeyCorp also issued estimates for NextEra Energy's FY2028 earnings at $4.36 EPS and FY2029 earnings at $4.57 EPS.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.04. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The company had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.52 billion. During the same quarter in the prior year, the firm earned $0.96 earnings per share. The company's revenue for the quarter was up 10.4% compared to the same quarter last year.

Several other brokerages also recently issued reports on NEE. Jefferies Financial Group reaffirmed a "hold" rating and issued a $85.00 price target (up previously from $77.00) on shares of NextEra Energy in a report on Tuesday, October 14th. Cowen began coverage on shares of NextEra Energy in a report on Wednesday. They issued a "buy" rating on the stock. BMO Capital Markets upped their price target on shares of NextEra Energy from $77.00 to $81.00 and gave the company an "outperform" rating in a report on Monday, July 21st. Morgan Stanley reaffirmed an "overweight" rating and issued a $95.00 price target (down previously from $96.00) on shares of NextEra Energy in a report on Thursday, September 25th. Finally, TD Cowen started coverage on shares of NextEra Energy in a research note on Thursday. They set a "buy" rating and a $98.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, NextEra Energy currently has a consensus rating of "Moderate Buy" and an average target price of $86.40.

NextEra Energy Stock Down 0.7%

Shares of NYSE NEE opened at $84.48 on Monday. NextEra Energy has a 12-month low of $61.72 and a 12-month high of $86.74. The company has a market capitalization of $173.97 billion, a PE ratio of 29.54, a price-to-earnings-growth ratio of 2.85 and a beta of 0.66. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45. The firm's 50-day moving average is $75.54 and its two-hundred day moving average is $72.24.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, August 28th were paid a dividend of $0.5665 per share. The ex-dividend date of this dividend was Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a yield of 2.7%. NextEra Energy's dividend payout ratio (DPR) is currently 79.37%.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Michael Dunne sold 10,000 shares of the stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $70.79, for a total transaction of $707,900.00. Following the transaction, the executive vice president owned 62,064 shares of the company's stock, valued at $4,393,510.56. This trade represents a 13.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Mark Lemasney sold 846 shares of the stock in a transaction that occurred on Thursday, September 25th. The stock was sold at an average price of $74.90, for a total transaction of $63,365.40. Following the transaction, the executive vice president directly owned 9,267 shares in the company, valued at approximately $694,098.30. This represents a 8.37% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 32,705 shares of company stock valued at $2,446,490 over the last 90 days. 0.18% of the stock is currently owned by insiders.

Hedge Funds Weigh In On NextEra Energy

Large investors have recently bought and sold shares of the stock. Princeton Global Asset Management LLC lifted its stake in NextEra Energy by 0.3% in the 3rd quarter. Princeton Global Asset Management LLC now owns 48,300 shares of the utilities provider's stock valued at $3,646,000 after buying an additional 134 shares in the last quarter. Arkfeld Wealth Strategies L.L.C. lifted its stake in NextEra Energy by 0.9% in the 2nd quarter. Arkfeld Wealth Strategies L.L.C. now owns 15,249 shares of the utilities provider's stock valued at $1,140,000 after buying an additional 136 shares in the last quarter. Veltria Advisors Corp. lifted its stake in NextEra Energy by 4.8% in the 2nd quarter. Veltria Advisors Corp. now owns 3,024 shares of the utilities provider's stock valued at $210,000 after buying an additional 139 shares in the last quarter. Pine Haven Investment Counsel Inc lifted its stake in NextEra Energy by 2.3% in the 2nd quarter. Pine Haven Investment Counsel Inc now owns 6,350 shares of the utilities provider's stock valued at $441,000 after buying an additional 140 shares in the last quarter. Finally, McKinley Carter Wealth Services Inc. lifted its stake in NextEra Energy by 0.4% in the 2nd quarter. McKinley Carter Wealth Services Inc. now owns 33,925 shares of the utilities provider's stock valued at $2,355,000 after buying an additional 142 shares in the last quarter. Hedge funds and other institutional investors own 78.72% 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,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.