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Do you like to invest with a stock's momentum trends? With that idea in mind, we ran a screen.

We began by screening the utilities sector for stocks currently rallying above their 20-day, 50-day, and 200-day moving averages, indicating that these stocks have strong upward momentum.

We then screened for those stocks with strong sales trends, comparing growth in revenue to growth in accounts receivable. Since accounts receivable is the portion of revenue not yet received, and there is no guarantee the money will ever be received, the smaller the portion of revenue made up of receivables the healthier the company's revenue.

We screened for stocks seeing faster growth in revenue than accounts receivable year-over-year, as well as accounts receivable comprising a smaller portion of current assets over the same time period.

For an interactive version of this chart, click on the image below. Analyst ratings sourced from Zacks Investment Research.

Tool provided by Kapitall.

Do you think these stocks will continue to rally higher? Use this list as a starting point for your own analysis.

List sorted by increase in revenue over the last year.

1. Connecticut Water Service Inc. (NASDAQ:CTWS): Operates as a regulated water company in Connecticut. Market cap at $252.38M, most recent closing price at $28.68. The stock is currently trading 5.97% above its 20-day moving average, 5.15% above its 50-day MA, and 6.38% above its 200-day MA. Revenue grew by 15.95% during the most recent quarter ($18.54M vs. $15.99M y/y). Accounts receivable grew by -0.95% during the same time period ($9.37M vs. $9.46M y/y). Receivables, as a percentage of current assets, decreased from 44.62% to 35.86% during the most recent quarter (comparing 3 months ending 2012-03-31 to 3 months ending 2011-03-31).

2. Artesian Resources Corp. (NASDAQ:ARTNA): Provides water, wastewater, and engineering services on the Delmarva Peninsula. Market cap at $166.92M, most recent closing price at $19.32. The stock is currently trading 0.77% above its 20-day moving average, 2.10% above its 50-day MA, and 6.26% above its 200-day MA. Revenue grew by 13.14% during the most recent quarter ($16.7M vs. $14.76M y/y). Accounts receivable grew by -38.79% during the same time period ($3.14M vs. $5.13M y/y). Receivables, as a percentage of current assets, decreased from 43.55% to 28.34% during the most recent quarter (comparing 3 months ending 2012-03-31 to 3 months ending 2011-03-31).

3. NextEra Energy, Inc. (NYSE:NEE): Engages in the generation, transmission, distribution, and sale of electric energy in the United States and Canada. Market cap at $27B, most recent closing price at $64.73. The stock is currently trading 0.69% above its 20-day moving average, 3.06% above its 50-day MA, and 12.56% above its 200-day MA. Revenue grew by 7.56% during the most recent quarter ($3,371M vs. $3,134M y/y). Accounts receivable grew by -8.24% during the same time period ($1,837M vs. $2,002M y/y). Receivables, as a percentage of current assets, decreased from 44.3% to 36.06% during the most recent quarter (comparing 3 months ending 2012-03-31 to 3 months ending 2011-03-31).

4. Aqua America Inc. (NYSE:WTR): Operates regulated utilities that provide water or wastewater services in the United States. Market cap at $3.28B, most recent closing price at $23.56. The stock is currently trading 5.44% above its 20-day moving average, 7.33% above its 50-day MA, and 10.58% above its 200-day MA. Revenue grew by 4.05% during the most recent quarter ($170.24M vs. $163.62M y/y). Accounts receivable grew by -30.93% during the same time period ($77.86M vs. $112.73M y/y). Receivables, as a percentage of current assets, decreased from 71.85% to 31.97% during the most recent quarter (comparing 3 months ending 2012-03-31 to 3 months ending 2011-03-31).

5. Edison International (NYSE:EIX): Engages in the supply of electric energy in central, coastal, and southern California. Market cap at $14.64B, most recent closing price at $44.94. The stock is currently trading 1.52% above its 20-day moving average, 3.66% above its 50-day MA, and 12.12% above its 200-day MA. Revenue grew by 2.66% during the most recent quarter ($2,856M vs. $2,782M y/y). Accounts receivable grew by -3.71% during the same time period ($753M vs. $782M y/y). Receivables, as a percentage of current assets, decreased from 18.04% to 15.97% during the most recent quarter (comparing 3 months ending 2012-03-31 to 3 months ending 2011-03-31).

*Accounting data sourced from Google Finance, all other data sourced from Finviz.

Source: 5 Rallying Utilities With Strong Receivable Trends