Shares of NextEra Energy (NEE) Sees Large Inflow of Net Money Flow

NextEra Energy (NEE) : On Wednesday, The money flowed into the NextEra Energy (NEE) stock with an uptick to downtick ratio was recorded at 2.33. Transactions worth $74.34 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $31.93 million. The total money flow into the stock was $42.4 million. The block trades reveal a bullish bias with an up-down ratio of 13.06. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $43.28 million of block transactions on upticks. The value of block trades on downticks was $3.31 million, indicating lower selling interest. The total money flow in block trades was $39.97 million. In terms of price action, NextEra Energy (NEE) traded down $0.31 during the session at $126.48. Compared to the previous days closing, the stock was down only by -0.24%. For the week, the stock is -0.21%, over previous weeks closing.


NextEra Energy, Inc. has dropped 1.06% in the last five trading days, however, the shares have posted positive gains of 3.38% in the last 4 weeks. NextEra Energy, Inc. has dropped 0.99% during the last 3-month period . Year-to-Date the stock performance stands at 23.57%.

NextEra Energy (NEE) : 11 analysts are covering NextEra Energy (NEE) and their average rating on the stock is 1.68, which is read as a Buy. 6 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. NextEra Energy (NEE) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

NextEra Energy (NYSE:NEE): stock was range-bound between the intraday low of $125.3201 and the intraday high of $127.45 after having opened at $127.32 on Wednesdays session. The stock finally closed in the red at $127.32, a loss of -0.24%. The stock remained in the red for the whole trading day. The total traded volume was 1,710,777 shares. The stock failed to cross $127.45 in Wednesdays trading. The stocks closing price on Thursday was $126.79.

NextEra Energy, Inc. (NEE) is a holding company. The Company operates through its wholly owned subsidiaries, Florida Power & Light Company (FPL) and NextEra Energy Resources, LLC (NEER). It is an electric power company in North America with electric generating facilities located in 27 states in the United States and four provinces in Canada. Its segments are FPL and NEER. FPL is an electric utility engaged primarily in the generation, transmission, distribution and sale of electric energy in Florida. NEER owns, develops, constructs, manages and operates electric generating facilities in wholesale energy markets primarily in the United States, as well as in Canada and Spain. Corporate and Other segment represents other business activities, primarily NextEra Energy Transmission, LLC (NEET) and FPL FiberNet. NEET operates through Lone Star Transmission, LLC, a transmission service provider in Texas, and New Hampshire Transmission, LLC, a transmission owner in ISO New England.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.