We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
NextEra Energy (NEE) Hits 52-Week High on Increased Demand
Read MoreHide Full Article
NextEra Energy (NEE - Free Report) scaled a new 52-week high of $150.18 during yesterday’s trading session before closing a tad lower at $149.98. The stock has delivered a one-year return of about 22.7% compared with industry’s gain of 8.3%.
In the past 52 weeks, NextEra Energy’s share price has ranged from a low of $110.49 to a high of $150.18. Average volume of shares traded in the last three months is approximately 1.8 million.
Why an Upward Trend?
NextEra Energy’s shares have been on the rise following strong second-quarter 2017 results on Jul 26. The company posted earnings of $1.86 per share, beating the Zacks Consensus Estimate of $1.76 by 5.7%. Reported earnings were also up 11.4% year over year.
The company has been a consistent performer having delivered positive earnings surprises in three of the trailing four quarters with an average surprise of 4.28%. The long-term earnings growth of the company is presently pegged at 7.40%.
NextEra Energy’s subsidiary, Florida Power & Light Company (FPL), continues to increase its customer base, having added 64,000 more customers in the second quarter over the comparable year-ago period figure. Further, it stands to gain from positive economic factors, which will help it achieve the targeted compound annual earnings growth rate of 6-8% through 2020 from a 2016-base.
The company continues to benefit from favorable economic conditions in its service territories, with increased demand for utility services. Its focus on clean energy in the past few months has lowered emission levels drastically and saved on energy bills for its customers. This was backed by continuous shutting down of coal fired power plants and adding a natural gas fueled plant to lower carbon footprints.
With the onset of the third quarter, construction is underway on eight 74.5-megawatt (MW) solar energy centers across FPL's service territory. By persistent implementation of major capital initiatives as this, FPL has grown its regulatory capital employed over 10% since last year's second-quarter.
NextEra Energy currently carries a Zacks Rank #3 (Hold).
NiSource, Inc (NI - Free Report) posted second-quarter 2017 earnings from continuing operations of 10 cents per share, in line with the Zacks Consensus Estimate. The company’s 2017 estimates increased by 1 cent to $1.19 per share in the last 90 days.
CenterPoint Energy, Inc. (CNP - Free Report) posted second-quarter 2017 earnings from operations of 29 cents per share, beating the Zacks Consensus Estimate of 21 cents per share by 38.10%. The company’s 2017 estimates increased by 2 cents to $1.31 per share in the last 90 days.
Ameren Corporation (AEE - Free Report) posted second-quarter 2017 earnings from operations of 79 cents per share, beating the Zacks Consensus Estimate of 69 cents per share by 14.49%. The company’s 2017 estimates increased by 3 cents to $2.80 per share in the last 90 days.
One Simple Trading Idea
Since 1988, the Zacks system has more than doubled the S&P 500 with an average gain of +25% per year. With compounding, rebalancing, and exclusive of fees, it can turn thousands into millions of dollars.
This proven stock-picking system is grounded on a single big idea that can be fortune shaping and life changing. You can apply it to your portfolio starting today.
Image: Bigstock
NextEra Energy (NEE) Hits 52-Week High on Increased Demand
NextEra Energy (NEE - Free Report) scaled a new 52-week high of $150.18 during yesterday’s trading session before closing a tad lower at $149.98. The stock has delivered a one-year return of about 22.7% compared with industry’s gain of 8.3%.
In the past 52 weeks, NextEra Energy’s share price has ranged from a low of $110.49 to a high of $150.18. Average volume of shares traded in the last three months is approximately 1.8 million.
Why an Upward Trend?
NextEra Energy’s shares have been on the rise following strong second-quarter 2017 results on Jul 26. The company posted earnings of $1.86 per share, beating the Zacks Consensus Estimate of $1.76 by 5.7%. Reported earnings were also up 11.4% year over year.
The company has been a consistent performer having delivered positive earnings surprises in three of the trailing four quarters with an average surprise of 4.28%. The long-term earnings growth of the company is presently pegged at 7.40%.
NextEra Energy’s subsidiary, Florida Power & Light Company (FPL), continues to increase its customer base, having added 64,000 more customers in the second quarter over the comparable year-ago period figure. Further, it stands to gain from positive economic factors, which will help it achieve the targeted compound annual earnings growth rate of 6-8% through 2020 from a 2016-base.
The company continues to benefit from favorable economic conditions in its service territories, with increased demand for utility services. Its focus on clean energy in the past few months has lowered emission levels drastically and saved on energy bills for its customers. This was backed by continuous shutting down of coal fired power plants and adding a natural gas fueled plant to lower carbon footprints.
With the onset of the third quarter, construction is underway on eight 74.5-megawatt (MW) solar energy centers across FPL's service territory. By persistent implementation of major capital initiatives as this, FPL has grown its regulatory capital employed over 10% since last year's second-quarter.
NextEra Energy currently carries a Zacks Rank #3 (Hold).
Stocks to Consider
Investors can consider better-ranked stocks from the same industry carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
NiSource, Inc (NI - Free Report) posted second-quarter 2017 earnings from continuing operations of 10 cents per share, in line with the Zacks Consensus Estimate. The company’s 2017 estimates increased by 1 cent to $1.19 per share in the last 90 days.
CenterPoint Energy, Inc. (CNP - Free Report) posted second-quarter 2017 earnings from operations of 29 cents per share, beating the Zacks Consensus Estimate of 21 cents per share by 38.10%. The company’s 2017 estimates increased by 2 cents to $1.31 per share in the last 90 days.
Ameren Corporation (AEE - Free Report) posted second-quarter 2017 earnings from operations of 79 cents per share, beating the Zacks Consensus Estimate of 69 cents per share by 14.49%. The company’s 2017 estimates increased by 3 cents to $2.80 per share in the last 90 days.
One Simple Trading Idea
Since 1988, the Zacks system has more than doubled the S&P 500 with an average gain of +25% per year. With compounding, rebalancing, and exclusive of fees, it can turn thousands into millions of dollars.
This proven stock-picking system is grounded on a single big idea that can be fortune shaping and life changing. You can apply it to your portfolio starting today.
Learn more >>