|Bid||16.44 x 1100|
|Ask||16.45 x 4000|
|Day's Range||16.42 - 16.62|
|52 Week Range||12.55 - 18.52|
|Beta (3Y Monthly)||0.62|
|PE Ratio (TTM)||16.28|
|Earnings Date||Aug 5, 2019 - Aug 9, 2019|
|Forward Dividend & Yield||0.55 (3.28%)|
|1y Target Est||18.33|
Analysts expect a dull upside of ~2% from NextEra Energy (NEE) stock based on the median target price of $211.2 and its current price of ~$207.6. Morgan Stanley raised NextEra Energy’s target price last week.
The utilities sector eased slightly Thursday, to buck a broader stock market rally, as a sharp drop in longer-term Treasury yields was balanced with a rally in AES Corp.'s stock after an analyst upgrade. The Dow Jones Utility Average inched less than 0.1% lower, although 8 of 15 components traded up, while the Dow Jones Industrial Average jumped 222 points, or 0.8%. AES shares jumped 1.8% after Bank of America Merrill Lynch analyst Julien Dumoulin-Smith raised his rating to neutral from underperform, and raised his price target to $16.50 from $16. "We perceive upside to renewable development opportunities and expect [liquid natural gas]/logistics opportunities in Vietnam and the Atlantic Basin to drive future growth," Dumoulin-Smith wrote in a note to clients. Among other more-active utility stocks, Southern Co. edged up 0.1%, Exelon Corp. was little changed and Dominion Energy Inc. gained 0.1%. The yield on the 10-year Treasury note fell 3.1 basis points to 1.998%, the first move below the 2% mark since November 2016, amid increasing speculation that the Federal Reserve will cut interest rates. Utilities stocks usually rise when Treasury yields fall, and Treasury prices gain, as the sector's relative high yield makes then more attractive. The Dow utilities implied dividend yield is 2.94%, compared with the implied yield for the Dow Jones Industrial Average of 2.03%.
Most investors tend to think that hedge funds and other asset managers are worthless, as they cannot beat even simple index fund portfolios. In fact, most people expect hedge funds to compete with and outperform the bull market that we have witnessed in recent years. However, hedge funds are generally partially hedged and aim at […]
AES Corp NYSE:AESView full report here! Summary * Perception of the company's creditworthiness is positive * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is extremely low for AES with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting AES. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding AES are favorable, with net inflows of $9.23 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS MarkitThere is no PMI sector data available for this security. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator. AES credit default swap spreads are decreasing and near the lowest level of the last three years, which indicates improvement in the market's perception of the company's credit worthiness.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
(Bloomberg) -- Clean energy has a dirty secret.While the industry is welcoming more women leaders, its rank-and-file workforce is still a lot like those at fossil-fuel companies: white and dominated by men. The lack of gender diversity is being driven by manufacturing jobs, and that means women are now missing out on the biggest jobs boom America has to offer.Solar installer and wind-turbine technician are the two fastest-growing professions in the U.S., projected to rise more than any others through 2026. One in every 50 new positions created in the U.S. involved solar in 2016, and clean power now accounts for about a third of all employment in the energy sector.“I have about 170 people on site at this project down in South Texas, and I think I have close to 10% female,” said Kim Smith, a 56-year-old vice president of construction for the Spanish renewable energy developer Acciona SA. “It’s nowhere near enough. What would be enough? Enough would be 50-50.”In terms of leadership, progressive-thinking clean power companies are breaking the mold in the energy industry, where an old boys’ club culture has long reigned. Almost a quarter of regulated electric utilities in the U.S. are now run by women -- three times their representation in the Fortune 500 by percentage. The picture looks different when the overall workforce is considered.By Brookings Institution’s count, the renewable power generation business is even less diverse than the fossil-fuel production industry, with women accounting for 13% of the U.S. workforce. In Europe, women hold less than a third of renewable energy manufacturing jobs and are largely employed in lower-skilled and administrative jobs. The breakdown is similar in Asia.The seeds for the gender imbalance is seen as having been sown years earlier by a culture where boys get toy trucks, girls get dolls and the former are encouraged to study science, technology and engineering more.By the time women go to college, they’re gravitating toward consulting and project management rather than traditional construction jobs, said Remy Pangle, director at James Madison University’s sustainable energy division. “How do you get girls interested in things that are more interesting to boys,” she said, “without having to make your LEGOs pink?”A study by the International Renewable Energy Agency released this year showed women account for 45% of the industry’s administrative jobs but only 28% of its math, science, technology and engineering ones.Acciona’s Smith calls herself “lucky” because she grew up helping her father and uncle with their small construction company. She fears her teenage nieces will shy away from jobs like hers.That’s what prompted her to write a letter to the Chicago Tribune in March. “We need to excite girls even younger,” she wrote. “Let them know their lives don’t have to be spent behind a desk. They’re needed in the field.”For women already in the industry, the going isn’t easy. At a time when the MeToo movement is raising awareness about gender-based discrimination everywhere from Hollywood to Wall Street, Jamie Yarmoff -- a 24-year-old project manager for power generator AES Corp. -- says the renewable industry too needs to change.She recalls being a construction manager on a solar project and having to make multiple requests for plans from a contractor. She never received a response, and the information was instead being sent to one of her male colleagues, according to Yarmoff.“I have to go further than my male counterparts to prove the same worth, because otherwise, why should they listen to me?” she said. AES said in a statement that it’s advancing diversity and inclusion throughout the entire company.As for wages, men earn 26% more than women in the the U.S. solar business -- at all position levels -- a joint report by the Solar Foundation and Solar Energy Industries Association shows. “We have a responsibility to create cultural change and address the systemic forces that have allowed discrimination to fester,” said Abigail Ross Hopper, SEIA’s president and CEO. “It’s imperative that we take proactive steps to advance these issues, because it isn’t going to happen on its own.”‘A Family Business’In Asia, most of the female leaders at clean energy companies didn’t “earn” their positions, said Molly Huang, executive secretary of the group Women in Renewables Asia. Instead, “it’s like a family business, and they are wives, daughters and family members of the board,” she said. “The ultimate goal is to improve the hiring process to include more women in clean energy.”Meanwhile, Brussels-based Women Enablers Change Agent Network is fighting for a breakthrough in gender equality. “While European women outnumber men in university degrees, they are less likely to study science, technology, engineering and mathematics,” co-founder Anna-Kaisa Itkonen said.Kristen Graf, who runs a New York-based group representing women in renewable energy, cautions that lack of diversity is so pronounced that even those getting into the field can feel alienated.“Unfortunately, this is the case in a lot of places where there’s one woman on the site -- that sense of isolation in the mix,” she said. “Even if you’re that woman who loves hanging out with the guys and fits in, is incredibly good at your work and loves that space, it still can be an isolating feeling. So how do you stay in it and stick with it?”\--With assistance from Ewa Krukowska and Aaron Clark.To contact the reporters on this story: Gerald Porter Jr. in New York at firstname.lastname@example.org;Lynn Doan in San Francisco at email@example.comTo contact the editors responsible for this story: Pratish Narayanan at firstname.lastname@example.org, Janet PaskinFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
So far, utility stocks have risen ~17% in 2019. Broader markets have risen more than 15% during the same period. Many of the top utility stocks are trading close to their 52-week highs.
Less than two decades ago, AES Corp (AES) was one false step from bankruptcy. That's when management dramatically slashed debt, streamlined its portfolio and modernized its fleet and systems with the most advanced power technology, recalls Roger Conrad, utility sector expert and editor of Conrad's Utility Investor.
Gustavo Pimenta, Executive Vice President and Chief Financial Officer of The AES Corporation (AES), will address the JP Morgan Energy Conference on Tuesday, June 18, 2019 at 12:00 p.m. Eastern Time. The AES Corporation (AES) is a Fortune 500 global power company. This news release contains forward-looking statements within the meaning of the Securities Act of 1933 and of the Securities Exchange Act of 1934.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does AES (AES) have what it takes? Let's find out.
The Dayton Power and Light Company , a subsidiary of The AES Corporation , was presented today with the Edison Electric Institute’s “Emergency Recovery Award” for its outstanding power restoration efforts after an ice storm hit Ohio in November 2018.
The AES Corporation (AES) announced it has been selected for the Edison Electric Institute’s (EEI) 2019 Edison Award, the electric power industry’s most prestigious honor. A panel of former energy company chief executives selected AES for the 91st annual award for introducing the world’s largest solar and storage system in operation on the Hawaiian island of Kaua’i. In December 2018, AES and Kaua’i Island Utility Cooperative (KIUC) completed the Lāwa’i solar and energy storage project, creating a new model for stabilizing large-scale renewable energy.
Brazil's power sector regulator ANEEL rejected on Tuesday the proposed transfer of wind power complex Alto Sertao III from Renova Energia SA to AES Tietê, a 1.34-billion real ($346.73 million) deal closed in April. In a meeting of its board on Tuesday, ANEEL directors said the companies failed to show possible gains for the consumer or guarantees for the conclusion of the project. Renova and AES Tietê were also seeking from ANEEL suspension of some fines related to delays in the complex's completion.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Stocks mustered a gain yesterday, but not the convincing one most investors were hoping for. The S&P 500 ended the day up 0.21%, willing to hold just above its 200-day moving average line, but not willing to push up and off of it. The volume behind the gain was also alarmingly thin.Source: Allan Ajifo via Wikimedia (Modified)Had it not been for General Electric (NYSE:GE), the market may not have made forward progress at all. Shares of the industrial giant were up 1.1%, not for any particular reason, but because enough investors now see a glimmer of hope for a real turnaround.Dragging the market down more than any other names were Verizon Communications (NYSE:VZ) and Bank of America (NYSE:BAC). BofA stock was pressured by renewed industry-wide worries, while shares of the telecom giant tumbled 2.3% after UBS analyst John Hodulik downgraded the company from a "Buy" rating, suggesting there's no real growth opportunity for Verizon to plug into.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 5 Stocks Under $10 With Big Upside Potential None merit a closer look headed into Friday's trading though. Rather, it's the stock charts of AES (NYSE:AES), M&T Bank (NYSE:MTB) and Roper Technologies (NYSE:ROP) that merit the deeper looks. Here's why, and what to look for. Roper Technologies (ROP)Roper Technologies may have gotten the new year started on the right foot, but slowly ran out of gas. By the beginning of this month, it had fallen into a sideways range.By virtue of a lack of progress, however, that sideways movement has worked its way into to the edge of a cliff. One more misstep could push ROP stock over that edge and complete the slow, arching rollover move that began taking shape in April. * As the daily chart readily shows, Roper has already fallen below its purple 50-day moving average line. The same chart also makes clear the bulls have established a key horizontal floor right at $340.50. * Zooming out to a weekly chart we can tell how unusually bullish the past few months have been for ROP, as well as the fact that the RSI indicator has already started to unwind its overbought condition. * If the sellers take hold in a big way, the most probable support area is still the 200-day line, plotted in white on both stock charts. AES (AES)It's now or never for shares of utility company AES.After a nice rally early this year, the stock rolled over as more profit-taking ensued. The bulls finally stopped the bleeding early this month, and even teased a rebound move. But, that effort petered out as well and has since let AES stock fall back to that prior low. In the meantime, another pivotal support level has moved into place, forcing traders on both sides of the fence into a winner-take-all showdown. * 7 Stocks to Buy for Monster Growth * The level to watch is right around $15.85, where AES found a floor three weeks ago and again yesterday, and where the white 200-day moving average line is lying now. * The importance of the 200-day line becomes much more evident on the weekly chart. It was the reason the longer-term rally was renewed late last year. * Should the technical floor fail to keep AES shares propped up now, there's a Fibonacci retracement line around $15.10. If things get really ugly though, the next Fib line at $13.13 also lines up with a semi-important support areas from the fall of last year. M&T Bank (MTB)With nothing more than a quick glance, M&T Bank shares look like they have more working against them than for them. The convergence of moving average lines is now acting as a very strong ceiling, and the bigger trend is bearish.Although the odds point to more downside -- which would be a trade worth taking if it pans out -- there's also a budding chance of a bullish turn here, which would also make for a decent trade. What happens within the next few days will be quite telling, and predictive. * All four key moving average lines have converged around $165. Since convergences follow divergences and vice versa, at the very least we can expect much more net movement from here. * Although that potential divergence could be bullish, the fact that MTB stock remains unable to move above any of those moving averages bodes poorly. * Zooming out to the weekly chart we not only see a renewed bearish MACD condition, but a well-established bearish channel framed by two white, dashed line. There's a ton of room to the lower edge of that zone.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy for Monster Growth * Ranking the Top 10 Stock Buybacks of Last Year * 5 Stocks Under $10 With Big Upside Potential Compare Brokers The post 3 Big Stock Charts for Friday: AES, M&T Bank and Roper Technologies appeared first on InvestorPlace.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does AES (AES) have what it takes? Let's find out.
After months of searching, Dayton Power & Light has found its new leader. Vincent Parisi has been named president of U.S. utilities for The AES Corporation, which is the parent company of DP&L and Indianapolis Power & Light Co. Under this role, Parisi becomes president and CEO of both companies. Currently the vice president of Columbia Gas of Ohio Inc. — a NiSource company — Parisi has 18 years of experience in the utilities industry, serving as a senior executive for 16 of those years.