This is a good company in a very good sector that is undervalued. Value has trailed behind growth, and we have heard the song & dance on why for a long time. But consistently buying a company with a decent (certainly not bad) P/E ratio that is paying out $5.60/share from the retained earnings.
The most recent review of the stock was done by Morgan Stanley where it was downgraded from Overweight to Equal-Weight with a price target of $246/share. That was from April 14th, and keep in mind that was about a month into the COVID Crisis.
I think $NEE is a great buy if you want exposure to the utilities sector & I also think everyone should have exposure to this sector.
It is also only -2.81% from its ATH - with this breakout we most likely will test that ATH $ figure any day now.
The most recent review of the stock was done by Morgan Stanley where it was downgraded from Overweight to Equal-Weight with a price target of $246/share. That was from April 14th, and keep in mind that was about a month into the COVID Crisis.
I think $NEE is a great buy if you want exposure to the utilities sector & I also think everyone should have exposure to this sector.
It is also only -2.81% from its ATH - with this breakout we most likely will test that ATH $ figure any day now.