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 $184. The company’s shares closed yesterday at $169.27.
According to TipRanks.com, Byrd is a 3-star analyst with an average return of 1.9% and a 59.8% success rate. Byrd covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, American Electric Power, and Nextera Energy Partners.
Currently, the analyst consensus on NextEra Energy Inc is a Strong Buy with an average price target of $178.33.
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Based on NextEra Energy Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $3.98 billion and net profit of $795 million. In comparison, last year the company earned revenue of $4.13 billion and had a net profit of $793 million.
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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.
