NextEra Energy beat earnings estimates, but Morgan Stanley cut its price target to $97 while keeping an overweight rating.

Morgan Stanley lowered NextEra Energy’s price target to $97.00 but kept its overweight rating, as analysts maintain a mixed but generally positive outlook with a consensus "Moderate Buy" rating and an average target of $90.63. The utility reported strong third-quarter earnings of $1.13 per share, beating estimates by $0.09, with a 5.3% year-over-year revenue increase. The stock opened at $83.41, trading within a 52-week range of $61.72 to $87.53, and has a market cap of $173.71 billion. Institutional ownership remains high at 78.72%, while several firms increased their stakes in the second quarter.