|Bid||76.88 x 800|
|Ask||76.89 x 800|
|Day's Range||76.56 - 77.31|
|52 Week Range||67.41 - 79.47|
|Beta (3Y Monthly)||0.28|
|PE Ratio (TTM)||41.83|
|Forward Dividend & Yield||3.67 (4.74%)|
|1y Target Est||N/A|
More companies appear to be aiming lobbyists at the North Carolina General Assembly in 2019. The latest figures out of the North Carolina Secretary of State’s office show 1,062 entities - from companies to municipalities - have registered lobbyists working on behalf of their agendas on Jones Street. None of those companies registered lobbyists in the state a year ago, yet, in the latest report, Bird, Lime, Lyft and Airbnb all have representation in the registry.
While Cheniere's (LNG) CCL Train 1 has come online, Train 2 will be operational later this year and Train 3 is scheduled for completion in 2021.
Dominion Energy Inc NYSE:DView full report here! Summary * Perception of the company's creditworthiness is positive * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is low for D with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NeutralETF activity is neutral. The net inflows of $7.58 billion over the last one-month into ETFs that hold D are not among the highest of the last year and have been slowing. 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. D credit default swap spreads are near the lowest level of the last three years and indicate the market's continued positive 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.
We look at the nuclear power sector and how U.S. investors can get access to this often profitable, but still controversial, sector of the energy market.
The United States holds power potential of more than 2,000 gigawatts (GW), nearly double the nation's current electricity use. This sets the stage for construction of more offshore wind farms in the nation.
The rise of renewables, a surprising resilience in nuclear power, and the fall of coal were all clearly evident in April power generation data.
Utilities stocks are unanimously lower Monday, as the easing of tensions in the U.S.-China trade war, and the subsequent surge in the broader stock market, has led to selling in safe-have assets like Treasurys and bond proxies, like high-yielding utilities. The SPDR Utilities Select Sector ETF fell 0.9% in morning trading with all 28 components losing ground, while the Dow Jones Utility Average shed 1.1% with all 15 components declining. Shares of NextEra Energy Inc. fell 1.4% to lead both sector trackers lower. Among other more-active utilities, shares of Southern Co. shed 1.3%, Exelon Corp. gave up 0.7% and Dominion Energy Inc. ropped 1.1%. Meanwhile, the Dow Jones Industrial Average rallied 245 points with 27 of 30 components gaining ground, while the yield on the 10-year Treasury note rose 0.7 basis points to yield 2.007%. The implied yield on the utilities ETF was 3.14% and on the Dow utilities was 3.00%.
Utilities continue to impress, with good growth prospects, secure dividends, and sound balance sheets. That's good news for investors, who could realize 5%-7% annual dividend and earnings growth from many high-quality utilities with narrow moats and 3% yields.
We often see insiders buying up shares in companies that perform well over the long term. On the other hand, we'd be...
Arguing that the U.S. 4th Circuit Court of Appeals has gotten "an exceptionally important question exceptionally wrong," the Atlantic Coast Pipeline has asked the U.S. Supreme Court to review that earlier decision, which has blocked the $7.8 billion pipeline's proposed path across the Appalachian Trail.
Utility companies enjoy a reputation for safety, given the regulated nature of businesses, which lend their revenues a high level of certainty.
(Bloomberg) -- The U.S. Solicitor General has asked the Supreme Court to intervene in the fight to build a natural gas pipeline across sections of the scenic Appalachian Trail.Noel Francisco, representing the government, asked the top court in a filing Tuesday to review a decision by Court of Appeals for the Fourth Circuit that vacated permits for Dominion Energy Inc.’s $7.5 billion Atlantic Coast pipeline.Atlantic Coast, which has seen its start date delayed and its price tag balloon, is one of several pipelines proposed for the eastern U.S. facing legal setbacks and opposition from environmental groups. EQM Midstream Partners LP also had work stopped on its Mountain Valley line and last year boosted the project’s cost estimate to $4.6 billion.The December appeals court ruling said the U.S. Forest Service violated the National Forest Management Act when it granted permits for the pipeline and that the agency lacked the authority to make the decision. The solicitor general argued in the filing Tuesday that the appeals court misread the National Trails System Act.Richmond, Virginia-based Dominion, which is developing Atlantic Coast with Duke Energy Corp. and Southern Co., has stuck to the plan despite the setbacks, saying the embattled pipeline is its cheapest option to carry gas from the Marcellus Shale basin to customers in the Southeast.\--With assistance from Mark Chediak, Peter Blumberg and Greg Stohr.To contact the reporter on this story: Ramsey Al-Rikabi in Singapore at firstname.lastname@example.orgTo contact the editors responsible for this story: Lynn Doan at email@example.com, Aaron ClarkFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
The U.S. Solicitor General and Dominion Energy Inc asked the Supreme Court to hear an appeal of a decision that stopped Dominion from building the Atlantic Coast natural gas pipeline across the Appalachian Trail in Virginia. Solicitor General Noel Francisco and Dominion argued in their filings on Tuesday that the Richmond, Virginia-based 4th U.S. Circuit Court of Appeals decision in the Cowpasture v. U.S. Forest Service case impedes energy infrastructure development on the East Coast. In December, the appeals court vacated a permit that allowed the Atlantic Coast pipe to cross the Appalachian Trail on National Forest land because the court said the Forest Service lacks authority to grant pipeline rights-of-way across the trail on federal land.
Utility stocks continued to rise last week. The Utilities Select Sector SPDR ETF (XLU) hit a new 52-week high and closed at $61.0 last week. Utility stocks have shown a slow but steady rally in 2019.
Sustainable investors in the U.S. have heard terms like carbon tax and cap-and-trade for decades, while 40 other countries have begun to address the pollution problem.
(Bloomberg) -- The U.S. Commerce Department has recommended the White House take steps to protect the domestic production of uranium after finding the nation’s reliance on imports was a national security risk, said three people briefed on the matter.Among the trade remedies recommended is to require nuclear power plants to purchase a minimum of 5% of the radioactive fuel from U.S. mines, said the people, who requested anonymity to discuss non-public deliberations. Two of the people said an option under consideration would see the quota escalate by 5 percentage points a year.A decision to impose the quotas would be a boon to the two small mining companies that petitioned the Commerce Department to take action, Energy Fuels Inc. and Ur-Energy Inc. The move would increase costs for nuclear reactor operators that are already struggling in the face of competition from cheaper sources of power generated by natural gas and renewables. Domestic nuclear providers rose on the news, with Uranium Energy Corp. up as much as 3.9%, Energy Fuels rising as much as 3.5% and Ur-Energy paring earlier losses to rise less than 1%.The Commerce Department concluded in April that the imports harmed national security, delivering a confidential report on the matter to the White House at the time, the people said.The White House didn’t immediately respond to a request for comment. A spokeswoman for the Commerce Department declined to comment on the contents of the uranium report and said it is at the White House. Confidential MeetingThe recommendations have yet to be presented to President Donald Trump, and a meeting on the matter between him and advisers on the issue that had been scheduled for Thursday was delayed, two people said.The matter is far from final, but one person said it is certain that the White House appears poised to take action. Other options being considered include doing nothing or putting limits on uranium from specific countries, one of the people said.Canadian Prime Minister Justin Trudeau, who met with Trump on Thursday, was expected to make the case against import quotas on uranium, which his country produces.The Trump administration was asked by the two domestic uranium producers to impose a 25% domestic market quota on the grounds imports of uranium are a threat to national security. Wide Latitude A finding that the imports of uranium are harming U.S. national security gives Trump wide latitude to impose a trade remedy of his choosing -- or do nothing at all -- using the same trade law the administration has successfully used to slap tariffs on steel and aluminum imports.While the domestic uranium producers, both of which are based in Colorado, initially asked the administration for a 25% quota, a lower amount could be a compromise that he utilities and the producers could live with, analysts have said.Nuclear utilities, which have estimated a 25% quota could cost them as much as $800 million annually, remain hopeful Trump will decide against any trade action.“President Trump is a longstanding champion for the U.S. nuclear industry, rightly recognizing the enormous economic and energy benefits that U.S. nuclear power delivers to American consumers,” said the Ad Hoc Utilities Group, which counts Exelon Corp., Duke Energy Corp., and Dominion Energy Inc. as members. “The U.S. nuclear industry supports 100,000 jobs while the two petitioners support a total of 150 jobs.” Australia, RussiaCurrently, the nuclear power industry gets nearly all of its uranium from sources such as Australia, Canada, Kazakhstan, and Russia.The U.S. uranium industry produced roughly 700,000 pounds in 2018, according to Chris Gadomski, a nuclear industry analyst at Bloomberg New Energy Finance. A 5% quota would translate to between 2 million and 2.5 million pounds, he said.The two miners who petitioned for the case have already begun expanding their mines in anticipation of a favorable decision.Executives from both companies said in a statement they were pleased “the administration continues to recognize the unique national, energy and economic security role of domestic uranium production.”“We continue to believe that reserving 25% of domestic demand for U.S. uranium is the most effective tool for sustaining domestic production of this critical mineral,” they said. (Updates with statement from uranium miners in last paragraph.)\--With assistance from Josh Wingrove and Will Wade.To contact the reporters on this story: Ari Natter in Washington at firstname.lastname@example.org;Jenny Leonard in Washington at email@example.comTo contact the editors responsible for this story: Jon Morgan at firstname.lastname@example.org, ;Margaret Collins at email@example.com, Elizabeth Wasserman, Ros KrasnyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Southern Company (SO) stock presents a downside of ~4.0% from its current price level of $55.5. Analysts have given Southern Company stock a target price of $53.3. Of the 20 analysts tracking Southern Company, two analysts rated the stock as a “buy,” 13 analysts rated it as a “hold,” four analysts rated it a “sell,” and one analyst rated it as a “strong sell” as of June 18.
Dominion Energy (D), the third largest utility stock by market cap, offers a yield of 5.2%, significantly higher than peers. Its long dividend payment history is indeed attractive compared to other top utilities.
The utilities sector continues to offer a premium dividend yield along with stable upward price movement. On average, utility stocks are currently yielding 3.2%, while broader markets offer a yield close to ~2%.