Seeking Alpha
Value, growth, long-term horizon, medium-term horizon
Profile| Send Message|
( followers)  

Do you like to trade on a stock's momentum trends? If so, here's a stock list you may be interested in.

We began by screening the utilities sector for stocks with positive market sentiment, rallying above their 20-day, 50-day, and 200-day moving averages.

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. More investing ideas on Kapitall Wire.

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

List sorted by increase in revenue over the last year.

1. PAA Natural Gas Storage, L.P. (PNG): Engages in the acquisition, development, operation, and commercial management of natural gas storage facilities. Market cap at $1.1B, most recent closing price at $18.52. The stock is trading 1.71% above its 20-day moving average, 3.23% above its 50-day MA, and 3.45% above its 200-day MA. Revenue grew by 115.63% during the most recent quarter ($108.72M vs. $50.42M y/y). Accounts receivable grew by -34.57% during the same time period ($18.15M vs. $27.74M y/y). Receivables, as a percentage of current assets, decreased from 74.99% to 29.43% during the most recent quarter (comparing 3 months ending 2012-03-31 to 3 months ending 2011-03-31).

2. Connecticut Water Service Inc. (CTWS): Operates as a regulated water company in Connecticut. Market cap at $269.9M, most recent closing price at $30.67. The stock is trading 1.27% above its 20-day moving average, 5.93% above its 50-day MA, and 10.13% 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).

3. Artesian Resources Corp. (ARTNA): Provides water, wastewater, and engineering services on the Delmarva Peninsula. Market cap at $187.92M, most recent closing price at $21.75. The stock is trading 0.54% above its 20-day moving average, 5.76% above its 50-day MA, and 13.77% 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).

4. TransCanada Corp. (TRP): Operates as an energy infrastructure company in North America. Market cap at $32.11B, most recent closing price at $45.59. The stock is trading 5.92% above its 20-day moving average, 9.40% above its 50-day MA, and 9.94% above its 200-day MA. Revenue grew by 0.5% during the most recent quarter ($1,806M vs. $1,797M y/y). Accounts receivable grew by -14.31% during the same time period ($1,000M vs. $1,167M y/y). Receivables, as a percentage of current assets, decreased from 42.37% to 35.8% during the most recent quarter (comparing 3 months ending 2012-06-30 to 3 months ending 2011-06-30).

5. York Water Co. (YORW): Engages in impounding, purifying, and distributing drinking water in Pennsylvania. Market cap at $234.02M, most recent closing price at $18.24. The stock is trading 1.28% above its 20-day moving average, 4.37% above its 50-day MA, and 6.22% above its 200-day MA. Revenue grew by 0.31% during the most recent quarter ($9.67M vs. $9.64M y/y). Accounts receivable grew by -13.08% during the same time period ($3.39M vs. $3.9M y/y). Receivables, as a percentage of current assets, decreased from 38.54% to 30.76% 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