Bank of America (NYSE:BAC) Securities analyst Julien Dumoulin Smith reiterated a Buy rating on NextEra Energy Inc (NYSE:NEE). on Friday, setting a price target of $84, which is approximately 8.81% above the present share price of $77.2.
Dumoulin Smith expects NextEra Energy Inc. to post earnings per share (EPS) of $0.85 for the third quarter of 2021.
The current consensus among 7 TipRanks analysts is for a Moderate Buy rating of shares in NextEra Energy, with an average price target of $85.33.
The analysts price targets range from a high of $97 to a low of $78.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $3.73 billion and a net profit of $655 million. The company's market cap is $151.42 billion.
According to TipRanks.com, Bank of America Securities analyst Julien Dumoulin Smith is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 7.0% and a 60.30% success rate.
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.