5 Companies Reach Yearly Highs

As of late, multiple companies have managed to achieve 52-week highs.

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May 21, 2019
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According to GuruFocus list of 52-week highs, these Guru stocks have reached their 52-Week Highs.

Enbridge Inc. (ENB, Financial) reached the 52-week high of $37.53

Enbridge is an energy generation, distribution and transportation company in the U.S. and Canada. Its pipeline network consists of the Canadian Mainline system, regional oil sands pipelines and natural gas pipelines. The company also owns and operates a regulated natural gas utility and Canada's largest natural gas distribution company. Additionally, Enbridge generates renewable and alternative energy with 2,000 megawatts of capacity.

The price of Enbridge Inc. shares has reached $37.53, which is 1.1% off the 52-week high of $37.96. Enbridge Inc. has a market cap of $75.91 billion; its shares were traded around $37.53 with a price-earnings ratio of 23.60 and price-sales ratio of 1.96. The trailing 12-month dividend yield of Enbridge Inc. stocks is 5.67%. The forward dividend yield of Enbridge Inc. stocks is 5.85%. Enbridge Inc. had an annual average earnings growth of 2.70% over the past 10 years.

Enbridge Inc. recently reported first quarter 2019 financial results and provided a quarterly business update. First quarter 2019 highlights include:

-GAAP earnings of $1.89 billion or 94 cents per common share for the first quarter of 2019, compared to $445 million or 26 cents per common share in the first quarter of 2018, both including the impact of a number of unusual, non-recurring or non-operating factors

-Adjusted earnings was $1.64 billion or 81 cents per common share for the first quarter of 2019, compared to $1.38 billion or 82 cents per common share in the first quarter of 2018.

-Adjusted Ebitda was $3.77 billion for the first quarter of 2019, compared to $3.41 billion in the first quarter of 2018.

-Cash provided by operating activities was $2.17 billion for the first quarter of 2019, compared to $3.19 billion for the first quarter of 2018.

-Distributable cash flow was $2.76 billion for the first quarter of 2019, compared to $2.31 billion for the first quarter of 2018.

VMware Inc. (VMW, Financial) reached the 52-week high of $203.64

VMware is a leading provider of server and desktop virtualization software, along with datacenter management, orchestration and end-user provisioning tools. The company is a majority-owned subsidiary of Dell. VMware has three reporting segments: license, software maintenance and professional services. The company uses direct and indirect go-to-market approaches and has a broad set of industry partnerships. VMware employs approximately 20,000 employees in over 115 offices worldwide.

The price of VMware Inc. shares has reached $203.64, which is 1.6% off the 52-week high of $206.80. VMware Inc. has a market cap of $83.55 billion; its shares were traded around $203.64 with a price-earnings ratio of 34.69 and price-sales ratio of 9.43. VMware Inc. had an annual average earnings growth of 20.80% over the past 10 years. GuruFocus rated VMware Inc. the business predictability rank of 4-star.

VMware Inc. recently announced financial results for the fourth fiscal quarter 2019:

-Revenue for the fourth quarter was $2.59 billion, an increase of 16% from the fourth quarter of fiscal 2018.

-License revenue for the fourth quarter was $1.23 billion, an increase of 21% from the fourth quarter of fiscal 2018.

-GAAP net income for the fourth quarter was $502 million, including a loss of $38 million on an investment in Pivotal Software, or $1.21 per diluted share, compared to a GAAP net loss of $387 million, or $0.96 per diluted share, for the fourth quarter of fiscal 2018. Non-GAAP net income for the fourth quarter was $823 million, or $1.98 per diluted share, up 23% per diluted share compared to $657 million, or $1.60 per diluted share, for the fourth quarter of fiscal 2018.

-GAAP operating income for the fourth quarter was $664 million, an increase of 10% from the fourth quarter of fiscal 2018. Non-GAAP operating income for the fourth quarter was $967 million, an increase of 18% from the fourth quarter of fiscal 2018.

CEOÂ Patrick P. Gelsinger sold 20,000 shares of VMware stock on May 1, 2019, at the price of $203.89 per share. The price of the stock has decreased by 0.12% since.

Comcast Corp. (CMCSA, Financial) reached the 52-week high of $43.54

Comcast is the largest U.S. cable operator. Its networks reach 56 million homes and business locations, providing service to around 22 million TV, 25 million broadband, and 12 million voice customers. Comcast also owns NBCUniversal, a leading media and entertainment company. NBCU operates numerous national and regional cable networks, including USA, MSNBC, CNBC, E!, Telemundo, and the NBC broadcast network. NBCU also owns a film studio, three U.S. theme parks, and another park in Japan.

The price of Comcast Corp. shares has reached $43.54, which is 1.0% off the 52-week high of $43.96. Comcast Corp. has a market cap of $197.62 billion; its shares were traded around $43.54 with a price-earnings ratio of 16.56 and price-sales ratio of 1.89. The trailing 12-month dividend yield of Comcast Corp. stocks is 1.79%. The forward dividend yield of Comcast Corp. stocks is 1.93%. Comcast Corp. had an annual average earnings growth of 10.90% over the past 10 years. GuruFocus rated Comcast Corp. the business predictability rank of 4-star.

Comcast Corp. recently reported results for the quarter ended March 31, 2019. Highlights include:

-Consolidated revenue increased 17.9%; net income attributable to Comcast increased 14.0%; adjusted Ebitda increased 18.1%, each reflecting the inclusion of Sky results in the first quarter of 2019.

-Net cash provided by operating activities was $7.2 billion; free cash flow was $4.6 billion.

-Earnings per share increased 16.7% to 77 cents; on an adjusted basis, earnings per share increased 16.9% to 76 cents.

-Dividends paid totaled $869 million.

Senior Executive Vice President Stephen B. Burke sold 457,633 shares of Comcast stock on April 26, 2019, at the price of $43.35 per share. The price of the stock has increased by 0.44% since.

Southern Co. (SO, Financial) reached the 52-week high of $53.82

Southern Co. is the second-largest utility in the U.S. by customer count, and its $50 billion rate base is the industry's largest. The company distributes electricity and natural gas to approximately 9 million customers in nine states. It also owns about 50 GW of generating capacity, primarily for serving regulated customers in Georgia, Alabama, Mississippi and Florida. Southern Power, its growing unregulated unit, is now up to over 12 GW and includes natural gas, solar and wind projects in Texas, California and other states.

The price of Southern Co. shares has reached $53.82, which is 0.9% off the 52-week high of $54.28. Southern Co. has a market cap of $55.99 billion; its shares were traded around $53.82 with a price-earnings ratio of 16.61 and price-sales ratio of 2.46. The trailing 12-month dividend yield of Southern Co. stocks is 4.50%. The forward dividend yield of Southern Co. stocks is 4.61%. Southern Co. had an annual average earnings growth of 0.80% over the past 10 years.

Southern Co. recently reported first-quarter 2019 earnings of $2.08 billion, or $2.01 per share, compared with earnings of $938 million, or 93 cents per share, in the first quarter of 2018. Southern Co. earned $730 million, or 70 cents per share, during the first quarter of 2019, compared with $893 million, or 88 cents per share, during the first quarter of 2018.

Comptroller Ann P. Daiss sold 7,850 shares of Southern stock on May 13, 2019, at the price of $54.06 per share. The price of the stock has decreased by 0.44% since.

Fidelity National Information Services Inc. (FIS, Financial) reached the 52-week high of $118.73

Fidelity National Information Services provides core and payment processing services to banks. In addition, it provides processing software for capital markets providers, asset managers, and custodians. The company serves more than 20,000 institutions in over 130 countries. North America accounts for 76% of revenue; Europe, the Middle East and Africa another 15%; while Asia accounts for 5% of total sales.

The price of Fidelity National Information Services Inc. shares has reached $118.73, which is 0.9% off the 52-week high of $119.78. Fidelity National Information Services Inc. has a market cap of $38.42 billion; its shares were traded around $118.73 with a price-earnings ratio of 48.07 and price-sales ratio of 4.65. The trailing 12-month dividend yield of Fidelity National Information Services Inc. stocks is 1.10%. The forward dividend yield of Fidelity National Information Services Inc. stocks is 1.18%. Fidelity National Information Services Inc. had an annual average earnings growth of 9.60% over the past 10 years. GuruFocus rated Fidelity National Information Services Inc. the business predictability rank of 5-star.

Fidelity National Information Services Inc. recently reported first-quarter 2019 results. On a GAAP basis, revenue decreased 0.5% to $2.06 billion from $2.07 billion in the prior-year quarter. Operating income increased to $315 million from $294 million in the prior-year quarter, while operating income margin expanded 110 basis points to 15.3%. Net earnings attributable to common stockholders was $148 million for the quarter, or 45 cents per diluted share, compared to 54 cents per diluted share in the prior-year quarter, a decrease of 16.7%.

Note: I do not own the stocks discussed.

Read more here:Â

5 Companies Hit 52-Week HighsÂ

5 Companies Achieve Yearly Highs

5 Companies Achieve 52-Week HighsÂ

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