Traders Are Bullish NextEra Energy, Inc. (NEE) After The Stock Formed Bullish Double Top

January 23, 2018 - By Michael Collier

Investors sentiment decreased to 0.95 in 2017 Q3. Its down 0.02, from 0.97 in 2017Q2. It dived, as 38 investors sold NextEra Energy, Inc. shares while 396 reduced holdings. 89 funds opened positions while 323 raised stakes. 344.40 million shares or 7.22% less from 371.19 million shares in 2017Q2 were reported.
Hollencrest Secs Limited Company accumulated 0.04% or 1,744 shares. 6,823 are held by Scotia. Acadian Asset Lc holds 0% in NextEra Energy, Inc. (NYSE:NEE) or 3,363 shares. Pekin Singer Strauss Asset Management Il reported 3,425 shares. Hexavest owns 272,658 shares for 0.49% of their portfolio. Williams Jones And Assoc Ltd Limited Liability Company has invested 0.05% in NextEra Energy, Inc. (NYSE:NEE). Moreover, Panagora Asset Mgmt has 0.29% invested in NextEra Energy, Inc. (NYSE:NEE) for 502,455 shares. Ashfield Cap Ptnrs Ltd Liability Corp invested in 0.05% or 2,303 shares. John G Ullman & Assocs invested in 1.22% or 42,693 shares. National Bank & Trust Of Nova Scotia Tru invested in 326 shares or 0.01% of the stock. Amg Tru Retail Bank has invested 0.02% in NextEra Energy, Inc. (NYSE:NEE). Qs Limited has invested 0.04% in NextEra Energy, Inc. (NYSE:NEE). Wilkins Counsel Incorporated accumulated 0.42% or 9,445 shares. Ameritas Inv Partners stated it has 30,488 shares or 0.21% of all its holdings. Keybank Natl Association Oh reported 0.45% of its portfolio in NextEra Energy, Inc. (NYSE:NEE).

Since August 3, 2017, it had 0 insider purchases, and 4 insider sales for $9.61 million activity. $4.47M worth of NextEra Energy, Inc. (NYSE:NEE) shares were sold by Sieving Charles E. 30,000 shares were sold by ROBO JAMES L, worth $4.41M. KETCHUM JOHN W sold 2,900 shares worth $435,000.

The chart of NextEra Energy, Inc. (NEE) shows a double top with $163.19 target or 7.00 % above today’s $152.51 share price. The 6 months chart pattern indicates low risk for the $71.74B company. It was reported on Jan, 23 by Finviz.com. If the $163.19 price target is reached, the company will be worth $5.02 billion more. Double tops are rare but powerful chart patterns.

The stock increased 1.66% or $2.49 during the last trading session, reaching $152.51. About 1.22M shares traded. NextEra Energy, Inc. (NYSE:NEE) has risen 15.94% since January 23, 2017 and is uptrending. It has underperformed by 0.76% the S&P500.

Analysts await NextEra Energy, Inc. (NYSE:NEE) to report earnings on January, 26. They expect $1.33 EPS, up 9.92 % or $0.12 from last year’s $1.21 per share. NEE’s profit will be $625.63M for 28.67 P/E if the $1.33 EPS becomes a reality. After $1.85 actual EPS reported by NextEra Energy, Inc. for the previous quarter, Wall Street now forecasts -28.11 % negative EPS growth.

NextEra Energy, Inc. (NYSE:NEE) Ratings Coverage

Among 15 analysts covering Nextera Energy Inc. (NYSE:NEE), 13 have Buy rating, 0 Sell and 2 Hold. Therefore 87% are positive. Nextera Energy Inc. had 36 analyst reports since August 5, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Monday, August 31 by Zacks. The firm earned “Buy” rating on Sunday, October 8 by RBC Capital Markets. The company was maintained on Friday, August 7 by Argus Research. The stock of NextEra Energy, Inc. (NYSE:NEE) has “Buy” rating given on Monday, July 24 by Goldman Sachs. The firm has “Overweight” rating given on Wednesday, December 13 by Morgan Stanley. The company was upgraded on Monday, October 16 by Goldman Sachs. BMO Capital Markets maintained NextEra Energy, Inc. (NYSE:NEE) on Friday, June 2 with “Buy” rating. Barclays Capital maintained the stock with “Overweight” rating in Friday, March 18 report. Morgan Stanley maintained it with “Overweight” rating and $167 target in Thursday, August 10 report. RBC Capital Markets maintained it with “Buy” rating and $15000 target in Monday, July 31 report.

More notable recent NextEra Energy, Inc. (NYSE:NEE) news were published by: Nasdaq.com which released: “NextEra Energy (NEE) Unit Brings Solar Power Plants Online” on January 11, 2018, also Nasdaq.com with their article: “NextEra Energy Gains from Renewable Investments: Time to Buy?” published on January 12, 2018, Prnewswire.com published: “NextEra Energy receives top honors in its industry on Fortune’s list of ‘Most …” on January 22, 2018. More interesting news about NextEra Energy, Inc. (NYSE:NEE) were released by: Seekingalpha.com and their article: “NextEra Energy Partners: Great Company, But Still Speculative” published on January 10, 2018 as well as Seekingalpha.com‘s news article titled: “NextEra: Dividend Hike Ahead” with publication date: January 04, 2018.

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