Shares of NextEra Energy (NEE) Sees Large Outflow of Money

NextEra Energy (NEE) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($2.93 million) and the uptick to downtick ratio was 0.17. The transaction value on upticks was $0.6 million and on downticks, the transaction value was $3.53 million. The transaction value of block trades during downticks was $1.74 million. The money flow was negative ($1.74 million), indicating the traders were booking profit on the price strength. NextEra Energy (NEE) rose $0.16 at $122.5, during intraday Tuesday , a rise of 0.13% over the previous days close.


Also, Equity Analysts at the Brokerage Firm, Deutsche Bank, maintains their rating on the shares of NextEra Energy (NYSE:NEE). Deutsche Bank has a Buy rating on the shares. As per the latest research report, the brokerage house lowers the price target to $133 per share from a prior target of $134. The rating by the firm was issued on July 28, 2016.

NextEra Energy, Inc. has lost 2.45% in the last five trading days and dropped 5.67% in the last 4 weeks. NextEra Energy, Inc. is up 0.89% in the last 3-month period. Year-to-Date the stock performance stands at 18.43%.

NextEra Energy (NYSE:NEE): The stock opened at $122.26 on Tuesday but the bulls could not build on the opening and the stock topped out at $122.94 for the day. The stock traded down to $121.05 during the day, due to lack of any buying support eventually closed down at $121.22 with a loss of -0.92% for the day. The stock had closed at $122.34 on the previous day. The total traded volume was 1,700,913 shares.

In a related news,The officer (EVP, Federal Reg. Affairs) of Nextera Energy Inc, Kelliher Joseph T sold 11,697 shares at $124.31 on June 15, 2016. The Insider selling transaction had a total value worth of $1,454,054. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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.

Leave a Reply

Get Pre-Market Alerts!

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