FY2025 EPS Estimates for NextEra Energy Reduced by Analyst

NextEra Energy, Inc. (NYSE:NEE - Free Report) - Equities researchers at Seaport Res Ptn cut their FY2025 EPS estimates for shares of NextEra Energy in a research note issued to investors on Wednesday, May 28th. Seaport Res Ptn analyst A. Storozynski now forecasts that the utilities provider will earn $3.68 per share for the year, down from their prior forecast of $3.69. The consensus estimate for NextEra Energy's current full-year earnings is $3.68 per share. Seaport Res Ptn also issued estimates for NextEra Energy's FY2027 earnings at $4.32 EPS.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, hitting analysts' consensus estimates of $0.99. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. The business had revenue of $6.25 billion for the quarter, compared to analysts' expectations of $6.58 billion. During the same period in the prior year, the firm earned $0.91 EPS. The business's quarterly revenue was up 9.0% on a year-over-year basis.

Several other brokerages also recently issued reports on NEE. Guggenheim reiterated a "buy" rating and set a $89.00 price objective on shares of NextEra Energy in a research report on Thursday, March 20th. JPMorgan Chase & Co. increased their price target on NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 11th. Morgan Stanley reissued an "overweight" rating on shares of NextEra Energy in a report on Wednesday, April 23rd. UBS Group reduced their price objective on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a report on Friday, May 23rd. Finally, BMO Capital Markets lowered their target price on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $83.50.

NextEra Energy Stock Performance

NEE traded down $0.57 during trading on Monday, reaching $70.07. 9,366,350 shares of the company were exchanged, compared to its average volume of 11,113,889. NextEra Energy has a 52 week low of $61.72 and a 52 week high of $86.10. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. The stock has a market cap of $144.24 billion, a P/E ratio of 20.79, a PEG ratio of 2.45 and a beta of 0.69. The firm has a 50 day moving average of $68.40 and a 200 day moving average of $70.76.

Institutional Trading of NextEra Energy

Hedge funds and other institutional investors have recently modified their holdings of the business. 1 North Wealth Services LLC acquired a new stake in shares of NextEra Energy in the first quarter worth $26,000. Bellwether Advisors LLC acquired a new stake in shares of NextEra Energy in the fourth quarter worth $30,000. Nova Wealth Management Inc. acquired a new stake in NextEra Energy during the first quarter valued at $32,000. WealthTrak Capital Management LLC acquired a new stake in NextEra Energy during the fourth quarter valued at $33,000. Finally, IMA Advisory Services Inc. acquired a new stake in NextEra Energy during the first quarter valued at $35,000. Institutional investors and hedge funds own 78.72% of the company's stock.

Insider Activity

In other news, EVP Charles E. Sieving sold 23,684 shares of the company's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the completion of the sale, the executive vice president now directly owns 196,817 shares of the company's stock, valued at $13,777,190. This represents a 10.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.20% of the stock is currently owned by company insiders.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a dividend yield of 3.23%. The ex-dividend date of this dividend is Monday, June 2nd. NextEra Energy's dividend payout ratio is 84.64%.

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.