On Apr 8, 2013, the shares of diversified utility company
Wisconsin Energy Corporation
) jumped to a new 52-week high of $43.20 propelled by the
company's emphasis on development of its generation assets.
Wisconsin Energy has maintained a solid track record of posting
consistent earnings surprise in the past four quarters bringing
the average surprise to 9.93%.
Several factors like new customer connections, favorable rate
case outcomes and effective cost control initiatives have driven
the company's stock to a new high. The steady increase in natural
gas prices also provided an impetus to Wisconsin Energy's growth
Its focus on diversifying its operational portfolio by
increasing its renewable generation ensured the company of a
stable revenue position. Moreover, an attractive dividend
offering has helped retain investors' confidence in the
Going forward, the long-term "Power the Future" program is
expected to steer Wisconsin Energy along the development path. In
2013, its large-scale biomass plant in Rothschild will be a major
The company's strong operating cash flow will allow Wisconsin
to engage in lucrative investment prospects in the near term.
Wisconsin Energy's efficient tackling of its debt level will also
prove to be beneficial for maintaining a healthy balance
The expected earnings growth for the company is set at an
estimated 5.53%. Presently, Wisconsin Energy carries a Zacks Rank
However, other utility stocks currently performing well are
Zacks Rank #1 (Strong Buy)
Brookfield Infrastructure Partners L.P.
Pike Electric Corp.
Empresa Nacional Electricidad SA
BROOKFIELD INFR (BIP): Free Stock Analysis
ENDESA-CHILE (EOC): Free Stock Analysis
PIKE ELECTRIC (PIKE): Free Stock Analysis
WISC ENERGY CP (WEC): Free Stock Analysis
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