NextEra Energy (NEE) Gets a Buy from Wells Fargo

Wells Fargo analyst Neil Kalton maintained a Buy rating on NextEra Energy (NEE – Research Report) on March 28 and set a price target of $84.00. The company’s shares closed last Thursday at $63.91.

Kalton covers the Utilities sector, focusing on stocks such as NRG Energy, NextEra Energy, and Eversource Energy. According to TipRanks, Kalton has an average return of 6.7% and a 63.43% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for NextEra Energy with a $70.36 average price target, a 10.09% upside from current levels. In a report released on March 18, BMO Capital also maintained a Buy rating on the stock with a $77.00 price target.

The company has a one-year high of $77.38 and a one-year low of $46.34. Currently, NextEra Energy has an average volume of 12.07M.

Based on the recent corporate insider activity of 49 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 (NEE) Company Description:

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.