Analyst Outlook for This Canada’s Energy Sector Company

RBC Capital analyst Shelby Tucker maintained a Buy rating on NextEra Energy (NEEResearch Report) on August 1 and set a price target of $93.00. The company’s shares closed last Wednesday at $86.46.

According to TipRanks.com, Tucker is a top 100 analyst with an average return of 11.4% and a 76.2% success rate. Tucker covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, Public Service Enterprise, and American Electric Power.

Currently, the analyst consensus on NextEra Energy is a Moderate Buy with an average price target of $89.60, implying a 4.5% upside from current levels. In a report issued on July 22, Guggenheim also reiterated a Buy rating on the stock with a $91.00 price target.

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NextEra Energy’s market cap is currently $168.3B and has a P/E ratio of 65.59.

Based on the recent corporate insider activity of 58 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of NEE in relation to earlier this year.

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 energy company and is one of the largest electric power generators in the United States. Through its Florida Power & Light Company (FPL) business, the company provides clean, reliable and affordable electricity across Florida. NextEra Energy also owns a clean energy business, NextEra Energy Resources (NEER), which is the world’s largest generator of renewable energy from wind and sun. The company was founded in 1984 and based in Juno Beach, Florida.

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