by Sam Collins | February 6, 2014 1:31 am
NextEra Energy (NEE) — Formerly FPL Group, this company engages in the generation, transmission, distribution and sale of electricity through its subsidiaries, including Florida Power & Light and NextEra Energy Resources. The recovery in Florida’s economy should help the company grow.
Credit Suisse rates NEE “outperform” based on its estimated 5%-7% earnings growth and a solid and growing dividend, which is currently at $2.64 per year for a 2.9% yield.
On Jan. 28, the stock broke from a triple-top and right triangle. Accumulation is high and volume retracts on pullbacks. MACD is in a buy zone.
The triple-top breakout has a target of $100. Buy NEE for long-term growth and its dividend yield.
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