The grades of five Electric Utilities stocks are better this week, according to the Portfolio Grader database. Every one of these stocks has an “A” (“strong buy”) or “B” overall (“buy”) rating.
NextEra Energy (NYSE:NEE) is progressing from last week’s rating of B (“buy”) as the company improves to an A (“strong buy”) this week. NextEra Energy generates, transmits, distributes, and sells electric energy utilizing natural gas, wind, and nuclear resources. The current dividend yield is 2.4%. For more information, get Portfolio Grader’s complete analysis of NEE stock.
IDACORP Inc.‘s (NYSE:IDA) grade is moving up to a B (“buy”) this week from last week’s C (“hold”). IDACORP is the holding company for Idaho Power Company, an electric utility and IDACORP Energy, an energy marketing company. Shares of the company are up 0.7% from a month ago. For more information, get Portfolio Grader’s complete analysis of IDA stock.
This is a strong week for Xcel Energy (NYSE:XEL). The company’s rating climbs to A from the previous week’s B. Xcel Energy is a holding company that is engaged in the generation, purchase, transmission, distribution and sale of electricity and natural gas. For more information, get Portfolio Grader’s complete analysis of XEL stock.
This week, Northeast Utilities‘s (NYSE:NU) ratings are up from a C last week to a B. Northeast Utilities provides retail electric service to customers in Connecticut, New Hampshire, and western Massachusetts. For more information, get Portfolio Grader’s complete analysis of NU stock.
The rating of Companhia Energetica de Minas Gerais-CEMIG (NYSE:CIG) moves up this week, rising from a C to a B. Companhia Energetica de Minas Gerais is engaged in the electric power transmission business, which consists of transporting electric power from the facilities where it is generated to the distribution networks for delivery to end users. The stock’s trailing PE Ratio is 8.2. For more information, get Portfolio Grader’s complete analysis of CIG stock.
Louis Navellier’s proprietary Portfolio Grader stock ranking system assesses roughly 5,000 companies every week based on a number of fundamental and quantitative measures. Stocks are given a letter grade based on their results — with A being “strong buy,” and F being “strong sell.” Explore the tool here.