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NEE, DUK, SO, and D: Which Utility Looks Attractive?

Vincent Kruger
NEE, DUK, SO, and D: Which Utility Looks Attractive?

Let’s take a look at how the top utility stocks are valued. NextEra Energy (NEE), the biggest utility by market capitalization, is trading at a forward PE multiple of 21x based on its estimated EPS in 2019, which is way higher than broader utilities’ average forward PE multiple of ~14x. NextEra Energy’s forward PE multiple is also higher than its five-year historical average PE multiple of close to 20x.