NextEra Energy Inc (NEE): Today's Featured Utilities Winner

NextEra Energy ( NEE) pushed the Utilities sector higher today making it today's featured utilities winner. The sector as a whole closed the day up 0.1%. By the end of trading, NextEra Energy rose $1.06 (1.3%) to $81.48 on heavy volume. Throughout the day, 2,697,707 shares of NextEra Energy exchanged hands as compared to its average daily volume of 1,787,300 shares. The stock ranged in a price between $80.18-$81.77 after having opened the day at $81.46 as compared to the previous trading day's close of $80.42. Other companies within the Utilities sector that increased today were: Beacon Power ( BCON), up 16.7%, Consolidated Water Company ( CWCO), up 3.8%, Dynegy ( DYN), up 2.5% and PG&E ( PCG), up 2.5%.

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 $33.9 billion and is part of the utilities industry. The company has a P/E ratio of 17.0, below the S&P 500 P/E ratio of 17.7. Shares are up 16.2% year to date as of the close of trading on Thursday. Currently there are 9 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 buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, U.S. Geothermal ( HTM), down 5.4%, Fuelcell Energy ( FCEL), down 3.0%, American DG Energy ( ADGE), down 3.0% and American Midstream Partners ( AMID), down 2.6% , were all laggards within the utilities sector with EQT ( EQT) being today's utilities sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the utilities sector could consider Utilities Select Sector SPDR ( XLU) while those bearish on the utilities sector could consider ProShares UltraShort Utilities ( SDP).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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