Trade-Ideas LLC identified

NextEra Energy

(

NEE

) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified NextEra Energy as such a stock due to the following factors:

  • NEE has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $344.3 million.
  • NEE has traded 56,320 shares today.
  • NEE is trading at a new lifetime high.

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More details on NEE:

NextEra Energy, Inc., through its subsidiaries, generates, transmits, and distributes electric energy in the United States and Canada. The company generates electricity from gas, oil, solar, coal, petroleum coke, nuclear, and wind sources. The stock currently has a dividend yield of 3%. NEE has a PE ratio of 19. Currently there are 12 analysts that rate NextEra Energy a buy, no analysts rate it a sell, and 1 rates it a hold.

The average volume for NextEra Energy has been 2.8 million shares per day over the past 30 days. NextEra Energy has a market cap of $53.5 billion and is part of the utilities sector and utilities industry. The stock has a beta of 0.37 and a short float of 2% with 3.24 days to cover. Shares are up 11.7% year-to-date as of the close of trading on Wednesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates NextEra Energy as a

buy

. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins and solid stock price performance. We feel its strengths outweigh the fact that the company has had sub par growth in net income.

Highlights from the ratings report include:

  • Net operating cash flow has slightly increased to $1,603.00 million or 4.63% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of -11.77%.
  • NEXTERA ENERGY INC's earnings per share declined by 45.0% in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, NEXTERA ENERGY INC increased its bottom line by earning $6.07 versus $5.60 in the prior year. This year, the market expects an improvement in earnings ($6.15 versus $6.07).
  • 40.06% is the gross profit margin for NEXTERA ENERGY INC which we consider to be strong. Regardless of NEE's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, NEE's net profit margin of 12.46% compares favorably to the industry average.
  • NEE, with its decline in revenue, slightly underperformed the industry average of 10.1%. Since the same quarter one year prior, revenues fell by 12.8%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
  • Looking at where the stock is today compared to one year ago, we find that it is not only higher, but it has also clearly outperformed the rise in the S&P 500 over the same period, despite the company's weak earnings results. The stock's price rise over the last year has driven it to a level which is somewhat expensive compared to the rest of its industry. We feel, however, that other strengths this company displays justify these higher price levels.

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