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Wells Fargo Sticks to Their Buy Rating for NextEra Energy (NEE)

Wells Fargo analyst Neil Kalton maintained a Buy rating on NextEra Energy (NEEResearch Report) today and set a price target of $115.00. The company’s shares closed yesterday at $87.52.

Kalton covers the Utilities sector, focusing on stocks such as Entergy, Exelon, and Constellation Energy Corporation. According to TipRanks, Kalton has an average return of 8.6% and a 68.35% success rate on recommended stocks.

NextEra Energy has an analyst consensus of Moderate Buy, with a price target consensus of $91.91, a 5.02% upside from current levels. In a report released on August 1, RBC Capital also maintained a Buy rating on the stock with a $93.00 price target.

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NEE market cap is currently $172B and has a P/E ratio of 67.01.

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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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