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

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.

NextEra Energy ( NEE) pushed the Utilities sector higher today making it today's featured utilities winner. The sector as a whole closed the day down 0.1%. By the end of trading, NextEra Energy rose $1.69 (2.0%) to $86.48 on average volume. Throughout the day, 2,380,973 shares of NextEra Energy exchanged hands as compared to its average daily volume of 1,864,200 shares. The stock ranged in a price between $85.01-$87.65 after having opened the day at $85.36 as compared to the previous trading day's close of $84.79. Other companies within the Utilities sector that increased today were: U.S. Geothermal ( HTM), up 3.7%, CorEnergy Infrastructure ( CORR), up 3.2%, Transportadora de Gas del Sur ( TGS), up 3.2% and Ocean Power Technologies ( OPTT), up 2.6%.

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 $35.6 billion and is part of the utilities industry. Shares are up 22.5% year to date as of the close of trading on Monday. Currently there are 10 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, TransAlta Corporation ( TAC), down 5.5%, Southcross Energy Partners ( SXE), down 3.5%, Niska Gas Storage Partners ( NKA), down 3.3% and Centrais Eletricas Brasileiras ( EBR.B), down 3.3% , were all laggards within the utilities sector with Entergy ( ETR) 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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