Prepared by Dr. Raj Patel, CFA, Senior Equity Strategist | Reviewed by Priya Sharma, Lead Editor | Report ID: IGEMINI-F52362DB-20260531 | Data as of 2026-05-31
Executive Summary: cash covered put operates in the Utilities industry with a market cap of $9.9B. The stock trades at 67.92x earnings and exhibits 22.7% top-line growth. Our derived fair value is $3407.3.
Rating: Outperform | Target Price: $3407.3 | Next Earnings: Jul 09
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Price action carved a Cup and Handle, confirmed by a 1.03x volume spike on May 06, 2026. The resistance at $2358.9 was tested.
Bollinger Bands contracted to the 15th percentile, signaling a breakout. A close above $3014.15 would be bullish.
On-chain money flow shows 25%% increase in smart money index, reinforcing the technical setup.
Relative to Utilities peers, cash covered put sits at the 57th percentile in valuation, offering a potential value opportunity.
EPS of $38.59 reveals above-sector earnings quality. DuPont analysis highlights operating leverage as the key ROE driver.
Options skew is toward put at the 2568.58 strike, positioning for a directional move.
Dark pool prints show a 21%% surge in block trades, indicating institutional accumulation before Jul 09 earnings.
Short float at 15% is below the sector average, reducing squeeze risk. Institutional ownership is 83%.
| Metric | Value | Sector Avg |
|---|---|---|
| Last Price | $2621 | $2489.95 |
| Market Cap | $9.9B | $7.92B |
| P/E Ratio | 67.92x | 57.7x |
| EPS (TTM) | $38.59 | $34.73 |
| Dividend Yield | 4.86% | 3.4% |
| Revenue Growth | 22.7% | 13.6% |
| Target Price | $3407.3 | - |
| Beta | 0.55 | 1.00 |