Analysts expect a potential upside of 6.5% from NextEra Energy (NEE) stock based on the target price of $186.9 and its current price of $175.4. J.P. Morgan cut NextEra Energy’s target price from $191.0 to $190.0. RBC raised NextEra Energy’s target price from $186.0 to $193.0 on January 18.
NextEra Energy is among analysts’ favorite utility stocks based on their “buy” ratings. Almost 78% of the analysts covering NextEra Energy have a “buy” ratings on the stock. Among the 18 Reuters-surveyed analysts tracking NextEra Energy, five recommended a “strong buy,” nine recommended a “buy,” and four recommended a “hold.” None of the analysts recommended a “sell.”
Peers’ target prices
American Electric Power (AEP) stock is trading at $76.0. Analysts have given American Electric Power a median target price of $78.2, which implies an estimated upside potential of almost 3% for the next 12 months.
Reuters compiled data from 19 analysts tracking American Electric Power stock. Four analysts recommended a “strong buy,” eight recommended a “buy,” and seven recommended a “hold.” None of the analysts recommended a “sell.” RBC raised American Electric Power’s target price from $75.0 to $77.0.
Dominion Energy (D) has a median target price of $75.4—compared to its current market price of $68.9. The target price indicates a potential upside of 9.4% for the next 12 months. Among the 16 analysts covering Dominion Energy, two recommended a “strong buy,” four recommended a “buy,” nine recommended a “hold,” and one recommended a “sell.” RBC cut Dominion Energy’s target price from $72.0 to $77.0 on January 18.
To learn how top utilities fared last week and where they might go from here, read Utilities: Analyzing Gains and Losses Last Week.