U.S. Markets close in 2 hrs 1 min

NEE, DUK, SO, and D: Which Top Utility Has an Alarming Leverage?

Vincent Kruger
NEE, DUK, SO, and D: Which Top Utility Has an Alarming Leverage?

Since interest rates in the United States are rising, analyzing utilities’ (XLU) leverages is vital. As of June 30, Southern Company (SO) had a net debt of $47 billion. In comparison, Duke Energy (DUK) and Dominion Energy (D) had net debts of $55.7 billion and $37.6 billion, respectively, at the end of Q2 2018. NextEra Energy (NEE), the largest utility, currently has a net debt of $32 billion, the lowest of the four top utilities.