NextEra Energy (NEE) is looking at an estimated gain of 14% through next year—one of the highest among the S&P 500 utilities. According to analyst estimates, NEE has a mean price $136.67, as compared to its current market price of $120.00.
Of the total 18 analysts tracking NextEra Energy, five recommend it as a “strong buy,” while 11 recommend it as a “buy.” Two recommend it as a “hold.” It’s important to note that none of the analysts has given a “sell” rating on NEE as of January 19, 2017.
By comparison, Wall Street analysts have given American Electric Power (AEP) a mean price target of $66.81. This implies an estimated upside of 5% for the next year. Duke Energy (DUK) has an estimated gain of just 3% through the next year and has a mean price $79.65, as compared to its current market price of $77.50.
To learn which utilities may offer attractive upsides in 2017, check out Market Realist’s series A Look at S&P 500 Utilities with Attractive Upsides in 2017.