Tags: NextEra | Energy | Shares | Florida | utility

Barron's: NextEra Shares Could Return 20 Percent Over Next 12 Months

Barron's: NextEra Shares Could Return 20 Percent Over Next 12 Months
Mohamed Ahmed Soliman | Dreamstime.com

Sunday, 30 April 2017 08:54 PM

Shares of Florida utility NextEra Energy Inc could return 20 percent over the next year, including a 2.9 percent dividend, Barron's wrote over the weekend.

The business and investing publication said NextEra had a balanced portfolio of stable and growing businesses, a strong balance sheet and better potential than many peers to increase revenue, earnings and dividends.

Texas regulators recently nixed NextEra's proposed $18 billion purchase of Energy Future Holdings Corp. However, Barron's said NextEra would be well-positioned even if it cannot get the ruling reversed.

NextEra shares closed at $133.56 on Friday. 

© 2019 Thomson/Reuters. All rights reserved.

   
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InvestingAnalysis
NextEra is growing its profit and its dividend faster than its peers. Shares are cheap: 20% return in a year.
NextEra, Energy, Shares, Florida, utility
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2017-54-30
Sunday, 30 April 2017 08:54 PM
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