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How Top Utility Stocks Are Currently Valued

Vincent Kruger
How Top Utility Stocks Are Currently Valued

Renewables titan NextEra Energy (NEE), the biggest utility by market capitalization, is trading at an EV-to-EBITDA multiple of ~16x—higher than its five-year average valuation. NextEra Energy has rallied the most among the top utilities in 2018. NextEra Energy is trading at a PE multiple of 14x. Duke Energy (DUK) is trading at an EV-to-EBITDA multiple of 11.0x, which is close to its historical average. Duke Energy has a PE multiple of 21.0x.