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NEE, DUK, SO, and D: The Big Utilities and How They’re Placed

Vincent Kruger
NEE, DUK, SO, and D: The Big Utilities and How They’re Placed

Utilities largely underperformed the broader markets this year, mainly due to strength in Treasury yields. Trade war fears have boosted utility stocks ~10% since early June despite the Fed’s second rate hike this year. In this series, we’ll see how top utilities fared so far this year and how they’re placed for the future. The largest utilities by market cap—NextEra Energy (NEE), Duke Energy (DUK), Southern Company (SO), and Dominion Energy (D)—form ~33% of the Utilities Select Sector SPDR ETF (XLU).