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.

NextEra Energy ( NEE) pushed the Utilities sector lower today making it today's featured Utilities laggard. The sector as a whole closed the day down 0.3%. By the end of trading, NextEra Energy fell $1.00 (-1.2%) to $79.61 on heavy volume. Throughout the day, 3,092,690 shares of NextEra Energy exchanged hands as compared to its average daily volume of 1,813,000 shares. The stock ranged in price between $78.83-$80.55 after having opened the day at $80.55 as compared to the previous trading day's close of $80.61. Other companies within the Utilities sector that declined today were: Calpine ( CPN), down 3.5%, GreenHunter Resources ( GRH), down 2.5%, PVR Partners ( PVR), down 2.4% and NRG Energy ( NRG), down 2.0%.

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 $34.1 billion and is part of the utilities industry. Shares are up 16.5% year to date as of the close of trading on Tuesday. 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 buy. 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.

On the positive front, Pure Cycle Corporation ( PCYO), up 5.6%, Huaneng Power International ( HNP), up 3.1%, Fuelcell Energy ( FCEL), up 3.1% and Consolidated Water Company ( CWCO), up 2.2% , were all gainers within the utilities sector with EQT ( EQT) being today's featured utilities sector leader.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.