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Barclays gives an Equal weight recommendation for NextEra Energy Inc (NEE)

In a filing, NextEra Energy Inc revealed its VP, Controller and CAO May James Michael unloaded Company’s shares for reported $0.11 million on Mar 13 ’24. In the deal valued at $59.00 per share,1,938 shares were sold. As a result of this transaction, May James Michael now holds 17,432 shares worth roughly $1.18 million.

Then, HACHIGIAN KIRK S bought 20,000 shares, generating $1,116,700 in total proceeds. Upon buying the shares at $55.84, the Director now owns 25,000 shares.

Before that, Pimentel Armando Jr sold 91,160 shares. NextEra Energy Inc shares valued at $5,790,483 were divested by the Director, Pres & CEO of Sub at a price of $63.52 per share. As a result of the transaction, Pimentel Armando Jr now holds 129,230 shares, worth roughly $8.71 million.

Barclays initiated its NextEra Energy Inc [NEE] rating to an Equal weight in a research note published on April 10, 2024; the price target was $66. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in early December with a ‘”a Buy”‘ rating. Seaport Research Partners also remained covering NEE and has decreased its forecast on November 09, 2023 with a “Sell” recommendation from previously “Neutral” rating. KeyBanc Capital Markets revised its rating on October 05, 2023. It rated NEE as “a Sector weight” which previously was an “an Overweight”.

Price Performance Review of NEE

On Monday, NextEra Energy Inc [NYSE:NEE] saw its stock jump 2.17% to $67.42. Over the last five days, the stock has gained 3.23%. NextEra Energy Inc shares have risen nearly 11.00% since the year began. Nevertheless, the stocks have fallen -11.11% over the past one year. While a 52-week high of $78.53 was reached on 04/29/24, a 52-week low of $47.15 was recorded on 03/04/24. SMA at 50 days reached $60.92, while 200 days put it at $61.46. A total of 9.91 million shares were traded, compared to the trading of 9.98 million shares in the previous session.

Levels Of Support And Resistance For NEE Stock

The 24-hour chart illustrates a support level at 66.95, which if violated will result in even more drops to 66.48. On the upside, there is a resistance level at 67.90. A further resistance level may holdings at 68.38. The Relative Strength Index (RSI) on the 14-day chart is 67.85, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.06, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.42%. Stochastics %K at 88.70% indicates the stock is a selling.

The most recent change occurred on June 08, 2023 when Goldman began covering the stock and recommended ‘”a Buy”‘ rating along with a $90 price target.

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