NextEra Energy (NEE) Price Target Updated Heading into Q3 Earnings Season

NextEra Energy, Inc. (NYSE:NEE) is included among the 12 Best Nuclear Power Dividend Stocks to Buy Now.

With a market cap of over $174 billion as of the writing of this article, NextEra Energy, Inc. (NYSE:NEE) is the most valuable utility company in the world. The company boasts a diverse mix of energy sources, including natural gas, nuclear, renewable energy, and battery storage.

Jeffries raised its price target for NextEra Energy, Inc. (NYSE:NEE) this week from $77 to $85, while reiterating a ‘Hold’ rating on its shares.  As we head into the Q3 earnings season, the analyst expects ‘an avenue’ for the company’s 8% growth to extend well beyond 2030, but it involves ‘above-average risk for only modestly better growth’.

NextEra Energy, Inc. (NYSE:NEE) has increased its dividend at an impr⁠essive CAGR of around 10% over the last two decades, contributing to an overall annual r‌eturn exceeding 1⁠5%. The company has raised its payouts for 29 consecutive years and intends to continue this momentum, with aims to rais‌e its divide​nd by about 10⁠% per year throu‍gh at⁠ least 2026.

NextEra Energy, Inc. (NYSE:NEE) was recently included in our list of the 12 Reliable Dividend Stocks for Maximum Income.

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