Jefferies Maintains a 'Hold' on NextEra Energy (NEE); Rate Base Growth Helps Results

Jefferies maintains a 'Hold' on NextEra Energy (NYSE: NEE) price target of $71.00 (from $70.00).

Analyst, Paul B. Fremont, said, "NextEra reported adjusted 2Q earnings of $1.26, above consensus of $1.16, versus Jefferies estimate of $1.15 and $1.18 in the same period a year ago. Drivers for the quarterly improvement were increased earnings at the utility and the absence of a 2Q12 impairment charge at Energy Resources."

Lowers current qtr EPS from $1.40 to $1.35, but lifts FY12 EPS estimate from $4.50 to $4.55.

For an analyst ratings summary and ratings history on NextEra Energy click here. For more ratings news on NextEra Energy click here.

Shares of NextEra Energy closed at $70.72 yesterday.

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