NextEra Energy Inc (NEE): Today's Featured Utilities Laggard
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
(
) pushed the Utilities sector lower today making it today's featured Utilities laggard. The sector as a whole closed the day down 0.5%. By the end of trading, NextEra Energy fell $0.85 (-1.0%) to $80.56 on light volume. Throughout the day, 1,141,935 shares of NextEra Energy exchanged hands as compared to its average daily volume of 1,956,300 shares. The stock ranged in price between $80.53-$81.44 after having opened the day at $81.34 as compared to the previous trading day's close of $81.41. Other companies within the Utilities sector that declined today were:
China Hydroelectric Corporation
(
), down 6.2%,
Centrais Eletricas Brasileiras
(
), down 4.2%,
(
), down 3.9% and
Centrais Eletricas Brasileiras
(
), down 3.0%.
NextEra Energy, Inc., through its subsidiaries, engages in the generation, transmission, distribution, and sale of electric energy in the United States and Canada. The company is involved in the generation of renewable energy from wind and solar projects. NextEra Energy has a market cap of $34.4 billion and is part of the utilities industry. Shares are up 17.7% year to date as of the close of trading on Friday. Currently there are 11 analysts that rate NextEra Energy a buy, no analysts rate it a sell, and 7 rate it a hold.
TheStreet Ratings rates
NextEra Energy
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, good cash flow from operations, increase in net income and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
- You can view the full NextEra Energy Ratings Report.
On the positive front,
Empresa Distribuidora y Comercializadora No
(
), up 15.2%,
(
), up 4.1%,
(
), up 3.4% and
(
), up 2.9%.
- Use our utilities section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the utilities sector could consider
(
) while those bearish on the utilities sector could consider
ProShares UltraShort Utilities
(
).
- Find other investment ideas from our top rated ETFs lists.
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