NEE Trades at Premium to Industry: How to Play the Stock?

NextEra Energy’s (NEE) shares are trading at a premium compared to the Zacks Utility - Electric Power industry. Its price-to-earnings F12M 21.26X is higher than the industry average of 16.78X and the broader Zacks Utilities sector’s average of 17.18X.Image Source: Zacks Investment ResearchStay up-to-date with all quarterly releases: See Zacks Earnings Calendar.NextEra Energy has been a steady performer in the utility space and has gained 37.2% in the past year, outperforming its industry’s rally of 26.6%. T ...