This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

6 Utility Stocks to Light Up a Portfolio

1. Enersis, a Chile-based holding company, engages in the generation, transmission and distribution of electric energy. The parent company of Grupo Enersis, it has its operations in Chile, Argentina, Brazil, Colombia and Peru.

Of the seven analysts covering the stock, 71% rate it a buy and the rest suggest a hold. There are no sell ratings on the stock. The stock's average 12-month price target is $23.40, which is 30.9% higher than the current price, as per a Bloomberg consensus.

For the third quarter of 2011, the company reported net profit of $319.02 million. Enersis recorded strong growth of 7.6% and 4.9% in electricity demand from its operations in Peru and Chile, respectively, for the January-September period. As of Sept. 30, the company recorded strong cash and cash equivalents of $1,797 million. Gross margin for the latest quarter was 43.01%.

The company's customer base for its distribution business expanded to almost 355,000 subscribers in the first nine months of 2011, indicating that organic growth was a major stabilizing factor for its cash flows. Enersis' total customers reached 13.5 million with a consumption increase of 1% per household. The distribution business recorded 3.3% growth in operating revenues. Meanwhile, in the generation and transmission business, consolidated physical sales rose 1.2% to 47,857 GWh.

>>To see these stocks in action, visit the 6 Utility Stocks to Light Up a Portfolio portfolio on Stockpickr.

RELATED STORIES:



7 of 7

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
NVE $0.00 0.00%
ALE $52.40 0.00%
CNL $54.40 0.00%
ENI $16.19 0.00%
ELP $10.22 0.00%

Markets

DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs