Barclays on Power & Utilities: The Seventh Inning Stretch
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Price: $131.87 -0.13%
Rating Summary:
15 Buy, 13 Hold, 0 Sell
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Today's Overall Ratings:
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Rating Summary:
15 Buy, 13 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
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Barclays on Power & Utilities: The Seventh Inning Stretch
Barclays analyst says, "We remain Positive on the U.S. Utilities group, and see the fundamentals from our initial upgrade persisting. However, we feel that it is prudent for investors to be more selective in their exposure as trends begin to shift over the next 6-12 months. In 2010's "Capital Appreciation" regulated review, we highlighted a bias towards mid-cap regulated stocks which in the last 12 months have returned 30% on a total return basis, versus 25% for the S&P 500. This year, we focus on stocks trading at a meaningful discount due to uncertain regulatory overhangs, which we believe will be resolved constructively. We think these present the best opportunities for regulated stock outperformance over the next 6-12 months."
"Strategies for late in the game: We are highlighting some our favorite 1-OW names that all trade at a discount to peers due to regulatory activity that we believe will ultimately be resolved constructively. They are American Electric (NYSE: AEP), Edison Int'l (NYSE: EIX), National Grid (NYSE: NGG), and NV Energy (NYSE: NVE)."
Barclays analyst says, "We remain Positive on the U.S. Utilities group, and see the fundamentals from our initial upgrade persisting. However, we feel that it is prudent for investors to be more selective in their exposure as trends begin to shift over the next 6-12 months. In 2010's "Capital Appreciation" regulated review, we highlighted a bias towards mid-cap regulated stocks which in the last 12 months have returned 30% on a total return basis, versus 25% for the S&P 500. This year, we focus on stocks trading at a meaningful discount due to uncertain regulatory overhangs, which we believe will be resolved constructively. We think these present the best opportunities for regulated stock outperformance over the next 6-12 months."
"Strategies for late in the game: We are highlighting some our favorite 1-OW names that all trade at a discount to peers due to regulatory activity that we believe will ultimately be resolved constructively. They are American Electric (NYSE: AEP), Edison Int'l (NYSE: EIX), National Grid (NYSE: NGG), and NV Energy (NYSE: NVE)."
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