With the FPL dividend increase announcement on record it now appears that value oriented investors are starting to recognize that any price in the low 50's is a bargin for this stock. I also notice that, with the high tech stocks losing favor today, flight to quality buyers are still alive and well! At 1:30 today FPL stock traded up 2 at 53.
bought FPL in early 90s in mid20s, since it has been both a income generator and a capital appriciation am increasing my holdings (as have many times over the years on dips) My only concern is when the nuclear plants are at the end of the life-cycle how does FPL plan to absorb the closure cost? Also any one heard of any generating plants either on the drawing boards or be built to compensate??
Not near end of life cycle. 40 year licenses for all four. Earliest (Turkey Point) went commercial in '72. Licensing efforts may permit license extentions...the Nuke industry will know te trend soon. Turkey Point completed its massive Thermal Power Uprate a few years back, increasing nMW's. St. Lucie just replaced Steam Generators a few years back. Life is good for the Nuke's...both had exceptional years in 1998, with short, successful outages, and stellar EAF's.
The dividend increase, re-opening of the rate case, and concerns in high-flying tech stocks should bolster share price. I am fully loaded in my 401K, an even picked up 300 shares for my personal account.