This article first appeared on GuruFocus.
Thirty-four ETFs were buying NextEra Energy (NEE) versus 16 selling on Friday, Oct. 30, for net buying of $119.9 million. The positive ETF flows followed a net outflow of $12.6 million on Oct. 29, with buying on Oct. 28 and Oct. 27 and selling on Oct. 26. The buying streak stands at 1 day.
For the full record of ETF and guru buying and selling in NEE, see the NEE guru trades page.
Which ETFs bought NEE on Friday?
The largest buyers by dollar value were SDY ($73.4 million), NOBL ($25.7 million) and SPY ($13.7 million). In all, 34 ETFs added shares and 16 cut them.
SDY led the move with a $73.4 million increase in value, lifting its stake by 27.74% to 4,037,126 shares. NOBL added $25.7 million, SPY $13.7 million, KNG $7.4 million and IVV $4.0 million. NextEra Energy is in the Utilities sector, in the Utilities – Regulated Electric industry, with a market cap of $178.3 billion.
Have ETFs been buying or selling NEE lately?
Over the last 5 reported days, ETFs were net buyers on 3 and net sellers on 2, so the recent trend is mostly buying.
What does NEE do?
NextEra Energy is the largest electric utility holding company in the United States by market value and the world’s largest generator of renewable energy from wind and sun. Its regulated utility, Florida Power & Light, is America’s largest electric utility, serving about 12 million people across Florida with among the industry’s lowest bills and strong rate-base growth driven by solar and storage investment.
NextEra Energy reported trailing-12-month revenue of $29.22 billion, up 11.9% over one year, with a gross margin of 38.8% and a net margin of 39.8%. Its P/E is 15.3, P/B 2.9 and P/S 6.09. The GF Score is 76, and the GF Value of $91.99 compares with a price of $85.03. The dividend yield is 2.92%, and the year-to-date return is 8.23%.
NEE at a glance
Source: finance.yahoo.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.
