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NextEra Energy Reported Earnings Growth in 1Q17

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Part 5
NextEra Energy Reported Earnings Growth in 1Q17 PART 5 OF 5

NextEra Energy Could Be an Attractive Investment Proposition

Price targets

NextEra Energy (NEE) stock still has more potential upside for the next year compared to its peers. According to Wall Street analysts’ estimates, NextEra Energy has a price target of $140.36—compared to its current market price of $133.02. It implies an estimated gain of 5.5%.

Of the 17 analysts tracking NextEra Energy, five recommend it as a “strong buy,” ten recommend it as a “buy,” and two recommend it as a “hold.” None of the analysts recommend NextEra Energy as a “sell” as of April 24, 2017.

NextEra Energy Could Be an Attractive Investment Proposition

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Although NextEra Energy stock appears to be trading at a premium, it continues to present an attractive investment proposition given its healthy dividend growth and bright stock appreciation potential.

In comparison, Wall Street analysts’ consensus price target for Southern Company (SO) is $50.84. Its current market price is $49.98, which implies a rise of 1.7% over the next year.

The consensus price target for Duke Energy (DUK) is $82.69. Its current market price is $82.21, which implies a gain of nearly 0.6% over the next year.

Read SO or DUK: Which Utility Has the Best Growth Prospects? to learn about a dividend face-off between two industry giants.

For ongoing updates on the industry, visit Market Realist’s Power Utilities page.

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