Morgan Stanley Believes NextEra Energy Inc (NEE) Still Has Room to Grow


In a report released today, Stephen Byrd from Morgan Stanley maintained a Buy rating on NextEra Energy Inc (NYSE: NEE), with a price target of $186. The company’s shares closed yesterday at $172.03, close to its 52-week high of $175.65.

According to TipRanks.com, Byrd is a 3-star analyst with an average return of 2.7% and a 61.4% success rate. Byrd covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, American Electric Power, and South Jersey Industries.

NextEra Energy Inc has an analyst consensus of Strong Buy, with a price target consensus of $178.67.

See today’s analyst top recommended stocks >>

The company has a one-year high of $175.65 and a one-year low of $144.70. Currently, NextEra Energy Inc has an average volume of 1.67M.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

NextEra Energy, Inc. is an investment holding company, which through its subsidiaries, engages in the provision of retail and wholesale electric services to customers and owns generation, transmission and distribution facilities to support its services. It operates through following business segments: FPL, NEER, and Corporate and Other.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts