The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. NextEra Energy Inc. shares valued at $1,011,162 were purchased by KETCHUM JOHN W on Jul 01. At $78.33 per share, KETCHUM JOHN W acquired 12,909 shares. The insider’s holdings grew to 132,894 shares worth approximately $11.69 million following the completion of this transaction.
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Also, Silagy Eric E purchased 13,128 shares, netting a total of over 1,003,636 in proceeds. Following the buying of shares at $76.45 each, the insider now holds 233,684 shares.
Before that, HACHIGIAN KIRK S had added 10,000 shares to its account. In a trade valued at $701,950, the Director bought NextEra Energy Inc. shares for $70.19 each. Upon closing the transaction, the insider’s holdings increased to 10,000 shares, worth approximately $0.44 million.
As published in a research note from Seaport Research Partners on July 26, 2022, NextEra Energy Inc. [NEE] has been rated down from a Buy to a Neutral. As of March 07, 2022, KeyBanc Capital Markets has increased its “Sector weight” rating to a “an Overweight” for NEE.
Analyzing NEE’s Price Performance
On Thursday, NextEra Energy Inc. [NYSE: NEE] rose 1.76% to $87.98. The stock’s lowest price that day was $86.45, but it reached a high of $88.655 in the same session. During the last five days, there has been a surge of approximately 4.07%. Over the course of the year, NextEra Energy Inc. shares have dropped approximately -5.76%. Shares of the company reached a 52-week high of $93.65 on 01/03/22 and a 52-week low of $67.22 on 05/12/22. A 50-day SMA is recorded $78.44, while a 200-day SMA reached $81.04. Nevertheless, trading volume fell to 8.67 million shares from 7.64 million shares the previous day.
Support And Resistance Levels for NextEra Energy Inc. (NEE)
According to the 24-hour chart, there is a support level at 86.74, which, if violated, would cause prices to drop to 85.49. In the upper region, resistance lies at 88.94. The next price resistance is at 89.90. RSI (Relative Strength Index) is 74.21 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.59, which suggests the price will increase in the coming days. Percent R is at 6.05%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
Is NextEra Energy Inc. subject to short interest?
Stocks of NextEra Energy Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 3.88 million shares to 24.11 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 20.23 million shares. A jump of 16.09% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.71 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.71.
Which companies own the most shares of NextEra Energy Inc. (NEE)?
According to The Vanguard Group, Inc. filings, the company currently owns 174,003,154 shares, which is about 8.86% of the total NEE shares outstanding. The investor’s shares have appreciated by 3,674,543 from its previous 13-F filing of 170328611.0 shares. With the completion of the buy transaction, SSgA Funds Management, Inc.’s stake is now worth $8,335,736,675. BlackRock Fund Advisors acquire a 0.58% interest valued at $7.41 billion while JPMorgan Investment Management, I purchased a 484,335 stake. A total of -3,097,521 shares of NextEra Energy Inc. were bought by T. Rowe Price Associates, Inc. during the quarter, and -109,483 were sold by Geode Capital Management LLC. In its current portfolio, Norges Bank Investment Management holds 29,178,009 shares valued at $2.26 billion.
In terms of NextEra Energy Inc. share price expectations, FactSet research, analysts set an average price target of $91.38 in the next 12 months, up nearly 4.09% from the previous closing price of $86.46. Analysts anticipate NextEra Energy Inc. stock to reach $111.00 by 2022, with the lowest price target being $79.00. In spite of this, 19 analysts ranked NextEra Energy Inc. stock as an Overweight at the end of 2022. On March 08, 2021, Credit Suisse assigned a price target of “an Outperform” to the stock and upgraded coverage with a $85.