|Bid||0.00 x 1800|
|Ask||72.49 x 1300|
|Day's Range||71.19 - 72.04|
|52 Week Range||61.53 - 85.30|
|PE Ratio (TTM)||15.89|
|Earnings Date||Oct 29, 2018 - Nov 2, 2018|
|Forward Dividend & Yield||3.34 (4.72%)|
|1y Target Est||72.85|
NextEra Energy appears to be a better electric utility investment pick compared with Dominion Energy going into third-quarter 2018 earnings.
Since the 2014-16 energy price collapse nearly forced the company into bankruptcy, Chesapeake stock has found itself mired in the single digits. Indeed, its enormous debt and sometimes plunging oil prices affected the stock price. If oil prices remain near current levels and the company sells more assets, Chesapeake can stabilize its balance sheet.
-- Grants offered for programs providing shelter, access to health care and food security -- Online applications due by Oct. 5, 2018 RICHMOND, Va. , Aug. 16, 2018 /PRNewswire/ -- Dominion Energy is inviting ...
Cheap natural gas, sluggish power demand, growing renewable energy, and emissions regulations will all continue to crowd out coal as U.S. utilities use more natural gas and renewables for electricity generation through 2025. This year, we have seen more U.S. utilities incorporate renewables and natural gas-fired generation into their long-term resource planning as coal fleets dwindle. The economics of offshore wind energy continue to improve, and two major projects, one off the coast of Massachusetts and another off Rhode Island, were recently selected by state officials to move forward.
NextEra Energy (NEE), the biggest component of the Utilities Select Sector SPDR ETF (XLU), is one of the top-rallied stocks among its peers. So far, the stock has risen 10% in 2018 and notably beat broader utilities. Currently, NextEra Energy is trading at an EV-to-EBITDA multiple of ~16x—higher than its five-year average valuation. NextEra Energy is trading at a PE multiple of 14x.
Q2 2018 Dominion Energy Inc and Dominion Energy Midstream Partners LP Earnings Call
The Utilities Select Sector SPDR ETF (XLU), a representative of the S&P 500 utilities, fell 0.6% last week and underperformed broader markets. So far in 2018, utilities have largely traded soft and have only risen marginally. Broader markets have risen 6% year-to-date.
Days after a federal appeals court invalidated a pair of permits, the Federal Energy Regulatory Commission has issued a "Stop Work Order," halting Dominion and Duke Energy's Atlantic Coast Pipeline in its tracks.
It’s been a tough week for S.C. Electric & Gas and its failed V.C. Summer nuclear project. A federal judge has twice blocked SCE&G's efforts to forestall a temporary rate reduction related Summer that will cost the utility $270 million through December. Now as the week winds down, the S.C. Office of Regulatory Staff (ORS) is calling on regulators to impose what could be more than $1 billion worth of sanctions against the company. That motion, filed Thursday after 5 p.m., says SCE&G violated an S.C. Public Service Commission order to give the regulatory staff a confidential 2015 audit report that outlines major construction problems at the now-abandoned plant and related documents.
CLEVELAND , Aug. 10, 2018 /PRNewswire/ -- Dominion Energy Ohio is using the calendar date August 11 , or 8/11, as a natural reminder that Ohio law requires property owners -- whether they are doing the ...
NEW YORK, Aug. 10, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Retail ...
Demonstrating that the offshore wind industry is gaining significant momentum in the United States, Ørsted and Siemens Gamesa today announced the signing of a subcontract to supply wind turbines for the Coastal Virginia Offshore Wind project founded by Dominion Energy. Ørsted and Dominion Energy entered into a strategic initiative in 2017 to provide Virginia customers with a clean, renewable source of energy.
The consensus EPS estimate for the reported quarter was $0.54. In the United Kingdom, PPL’s Regulated segment’s adjusted EPS increased $0.05 mainly due to higher power prices, higher foreign exchange rates, and increased sales volumes. PPL’s total operating expenses increased to $1.19 billion for the reported quarter—an increase from $1.07 billion in the second quarter of 2017.
Hours after an appeals court vacated a pair of permits, attorneys for the Southern Environmental Law Center sent the Federal Energy Regulatory Commission a formal letter demanding that construction on the Atlantic Coast Pipeline stop.
Oil markets had a bullish start to the week as U.S. sanctions on Iran came into effect and Saudi Arabia surprisingly reduced its crude production and exports
S.C. Electric & Gas sought the preliminary injunction against S.C. regulators to prevent a temporary rate cut that will reduce its revenue by $270 million through December.
Utilities showed a subdued performance in the first half of 2018. However, they witnessed a smart rally in the last few weeks. So far in 2018, broader utilities have risen more than 1%, while broader markets have soared ~6%.
Utility stocks have shown a solid uptrend since early June. In fact, utilities gained momentum after the Fed delivered a rate hike in June. Currently, the Utilities Select Sector SPDR ETF (XLU) is trading 4% above its 50-day moving average and 3% above its 200-day moving average. These moving average levels around $51.32 and $51.55 are expected to act as a support in the near term. XLU closed at $53.3 on August 3.
In the week ending August 3, utility stocks trended higher and the Utilities Select Sector SPDR ETF (XLU) rose 1.3%. Broader markets rose 0.8% during the week. Many top utilities reported their second-quarter financial results last week. The favorable weather had a positive impact many utilities’ quarterly numbers.
Cheniere Energy’s (LNG) earnings growth mainly depends on LNG (liquefied natural gas) exports and liquefaction capacity. The company’s annual earnings growth is supported by long-term take-or-pay SPAs (sale and purchase agreements). For Cheniere Energy, 80%–95% of its total capacity at Sabine Pass is tied to these SPAs. However, the company experiences quarterly fluctuations in LNG volumes due to seasonality and uncertainty related to uncontracted volumes.
Sustaining the constitutional challenge clears the way for the federal judge to rule by Tuesday on S.C. Electric & Gas' request to enjoin an immediate $270 million roll-back in customer charges.
NORFOLK, Va., Aug. 3, 2018 /PRNewswire/ - Dominion Energy Virginia and Denmark-based energy company Ørsted took significant steps forward today in the development of Virginia's first offshore wind facility. Dominion Energy filed with Virginia's State Corporation Commission (SCC) for approval to build the two 6-megawatt turbines and grid infrastructure needed to connect the facility to the coast. Ørsted, hired by Dominion Energy to build the Coastal Virginia Offshore Wind Project (CVOW), announced that a research vessel will conduct the final ocean floor mapping needed before construction can begin.