Barclays Believes NextEra Energy Inc (NEE) Won’t Stop Here


In a report released yesterday, Eric Beaumont from Barclays maintained a Buy rating on NextEra Energy Inc (NEE), with a price target of $218. The company’s shares opened today at $204.29, close to its 52-week high of $208.47.

According to TipRanks.com, Beaumont is a 2-star analyst with an average return of -0.3% and a 50.0% success rate. Beaumont covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, Consolidated Edison, Inc., and American Electric Power.

Currently, the analyst consensus on NextEra Energy Inc is a Strong Buy with an average price target of $210.11, representing a 2.8% upside. In a report issued on June 4, KeyBanc also initiated coverage with a Buy rating on the stock with a $225 price target.

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NextEra Energy Inc’s market cap is currently $98.38B and has a P/E ratio of 34.07. The company has a Price to Book ratio of 2.87.

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NextEra Energy, Inc. is an electric power and energy infrastructure company. It operates through following business segments: FPL & 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.

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