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Analysts Offer Insights on Utilities Companies: NextEra Energy (NEE) and Brookfield Renewable Partners (BEP)

Tipranks - Tue Feb 3, 7:44AM CST

Analysts have been eager to weigh in on the Utilities sector with new ratings on NextEra Energy (NEEResearch Report) and Brookfield Renewable Partners (BEPResearch Report).

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NextEra Energy (NEE)

DBS analyst Pei Hwa Ho maintained a Hold rating on NextEra Energy today and set a price target of $85.00. The company’s shares closed last Friday at $87.90.

According to TipRanks.com, Ho is ranked #622 out of 12040 analysts.

Currently, the analyst consensus on NextEra Energy is a Moderate Buy with an average price target of $94.07, a 7.0% upside from current levels. In a report issued on January 28, TipRanks – OpenAI also downgraded the stock to Hold with a $95.00 price target.

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Brookfield Renewable Partners (BEP)

Scotiabank analyst Robert Hope maintained a Buy rating on Brookfield Renewable Partners today and set a price target of $36.00. The company’s shares closed last Friday at $29.83.

According to TipRanks.com, Hope is a 5-star analyst with an average return of 11.3% and a 67.8% success rate. Hope covers the Utilities sector, focusing on stocks such as Algonquin Power & Utilities, Brookfield Infrastructure, and Northland Power. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Brookfield Renewable Partners with a $34.56 average price target, representing a 21.1% upside. In a report released yesterday, TipRanks – Google also upgraded the stock to Buy with a C$45.00 price target.

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