Monitoring NextEra Energy Inc. (NEE) after recent insider movements


In a filing, NextEra Energy Inc. revealed its Director HACHIGIAN KIRK S acquired Company’s shares for reported $0.68 million on Aug 17. In the deal valued at $67.95 per share,10,000 shares were bought. As a result of this transaction, HACHIGIAN KIRK S now holds 15,000 shares worth roughly $ 1.0 million.

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Then, CAMAREN JAMES LAWRENCE bought 4,000 shares, generating $271,400 in total proceeds. Upon buying the shares at $67.85, the Director now owns 8,000 shares.

Before that, KETCHUM JOHN W bought 13,600 shares. NextEra Energy Inc. shares valued at $1,009,987 were divested by the Chairman, President & CEO at a price of $74.26 per share. As a result of the transaction, KETCHUM JOHN W now holds 184,485 shares, worth roughly $12.34 million.

Goldman initiated its NextEra Energy Inc. [NEE] rating to a Buy in a research note published on Friday, June 08, 2023; the price target was $90. PT values the company’s stock at a premium of 25.7 to its Friday closing price.

Price Performance Review of NEE

On Friday, NextEra Energy Inc. [NYSE:NEE] saw its stock jump 0.10% to $66.87. On the same session, the stock had its day’s lowest price of $66.45, but rose to a high of $67.57. Over the last five days, the stock has lost -1.60%. NextEra Energy Inc. shares have fallen nearly -20.01% since the year began. Nevertheless, the stocks have fallen -21.38% over the past one year. While a 52-week high of $91.06 was reached on 01/17/23, a 52-week low of $66.67 was recorded on 09/01/23. SMA at 50 days reached $71.05, while 200 days put it at $76.37. A total of 8.3 million shares were traded, compared to the trading of 11.8 million shares in the previous session.

Levels Of Support And Resistance For NEE Stock

The 24-hour chart illustrates a support level at 66.36, which if violated will result in even more drops to 65.84. On the upside, there is a resistance level at 67.48. A further resistance level may holdings at 68.08. The Relative Strength Index (RSI) on the 14-day chart is 34.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.52, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.42%. Stochastics %K at 14.48% indicates the stock is a buying.

How much short interest is there in NextEra Energy Inc.?

A steep rise in short interest was recorded in NextEra Energy Inc. stocks on Aug 14, 2023, growing by 4.6 million shares to a total of 21.93 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 17.33 million shares. There was a rise of 20.98%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.08% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.69.

NextEra Energy Inc. [NEE] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 187,527,553 shares, or roughly 9.27% of the outstanding NEE shares. In other words, the investor’s shares have risen by 2,003,529 from its previous 13-F filing of 185524024.0. Additionally, SSgA Funds Management, Inc. increased 2.67% of its stake after which the total value it holdings stand at $8,171,906,941, while BlackRock Fund Advisors added 1.68% of its stake to hold $7.19 billion in the firm. Over the last quarter, JPMorgan Investment Management, I purchased 1,760,911 shares of NextEra Energy Inc., while Geode Capital Management LLC bought 1,437,501 shares. At present, Norges Bank Investment Management is holding 33,191,923 shares valued at $2.43 billion. Wellington Management Co. LLP owned 30,217,933 shares of the company at the time of its most recent 13F filing, worth $2.21 billion.

According to FactSet, NextEra Energy Inc.’s share price will average $88.50 in the next year, based on opinions of analysts polled by the firm. This is up nearly 32.49 percent from its previous closing price of $66.80. Analysts expect NextEra Energy Inc. stock to reach the higher price of $108.00, while the lowest price estimate is $76.00. However, 20 analysts have rated NEE stock as an Overweight in their predictions for 2023.


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