NextEra Energy (NEE) Is A Top Stock To Buy According To Billionaire Glenn Dubin’s Highbridge Capital

NextEra Energy, Inc. (NYSE:NEE) is one of the 10 Best Stocks to Buy According to Billionaire Glenn Dubin’s Highbridge Capital.

NextEra Energy, Inc. (NYSE:NEE) is one of the largest regulated utilities in America. The shares are up by 27% over the past year and by 9.3% year-to-date. Several analysts have discussed NextEra Energy, Inc. (NYSE:NEE)’s shares in June. For instance, Morgan Stanley raised the share price target to $117 from $111 and kept an Overweight rating on the shares on June 24th. The bank discussed the broader utility sector in its coverage and remarked that it had outperformed the S&P 500 in June. Similarly, Bernstein also commented on NextEra Energy, Inc. (NYSE:NEE)’s shares. It initiated coverage on June 17th to set a $107 share price target and an Overweight rating. The financial firm remarked that the utility’s stock had underperformed despite possessing a solid set of fundamentals. It added that there was potential for further upside in NextEra Energy, Inc. (NYSE:NEE)’s shares.

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However, on the 25th, Erste Group downgraded the shares. It reduced the rating to Hold from Buy and discussed NextEra Energy, Inc. (NYSE:NEE)’s long-term liabilities as the reason behind the pessimism. The financial firm believes that the utility can suffer from high financing costs in the case of a highly likely interest rate hike from the Federal Reserve.

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