Evercore ISI Starts Coverage on NextEra Energy (NEE) with ‘Outperform’ Rating and $92 Target

Core Insights - NextEra Energy, Inc. (NYSE:NEE) is recognized as one of the 15 Dividend Stocks that have consistently raised payouts for over 20 years [1] - Evercore ISI initiated coverage on NextEra Energy with an 'Outperform' rating and a price target of $92, highlighting its leadership in the wind and solar energy sectors, capturing approximately 20% of the U.S. renewable power market [2] - The company is expected to gradually increase its reliance on high-capacity gas and nuclear assets, leveraging its scale to navigate challenging renewable market conditions and potentially gain market share from smaller competitors [3] Financial Performance - NextEra Energy has a strong track record of dividend payments, having raised its payouts for 29 consecutive years, currently offering a quarterly dividend of $0.5665 per share, resulting in a dividend yield of 2.67% as of October 16 [5] Strategic Opportunities - The company may explore merger and acquisition opportunities in gas generation, aiming to position itself as a preferred power provider for hyperscalers in the artificial intelligence sector [4]