|Bid||90.960 x 800|
|Ask||90.970 x 900|
|Day's Range||89.78 - 91.25|
|52 Week Range||71.96 - 91.25|
|Beta (3Y Monthly)||-0.09|
|PE Ratio (TTM)||22.14|
|Earnings Date||Feb 18, 2019 - Feb 22, 2019|
|Forward Dividend & Yield||3.71 (4.12%)|
|1y Target Est||87.00|
- Project will increase availability of safe, reliable energy for customers - Company carefully considered public input, safety, land use, cultural and natural resources ST. PETERSBURG, Fla. , Dec. 13, ...
The Utilities Select Sector SPDT ETF (XLU), the representative of the top utilities in the country, hit a new 52-week high of $57.11 on December 12. While broader markets continued to teeter, the otherwise boring utilities sector continued its uptrend in the last few months. Investors turned to defensives. Utility stocks have stable stock movements and higher dividend-paying capabilities. So far in 2018, utilities have risen more than 7%, while broader markets have fallen marginally.
The Zacks Analyst Blog Highlights: Walgreens Boots, Duke Energy, Stryker, Kinder Morgan and PepsiCo
Southern Company (SO) stock has a potential downside of ~1% from its current level of $47.22. Analysts have given Southern Company a median target price of $46.78.
Southern Company (SO) stock appears to be trading at a discount compared to its historical valuation and its peers. Southern Company is trading at a forward PE ratio of 15x based on the estimated EPS for 2019. Southern Company’s forward PE ratio is lower than its peers’ average forward PE ratio of 17x–18x. Southern Company’s five-year historical average PE ratio is also higher than its forward PE ratio. Peers’ valuation
As Duke Energy prepares to offer about $12.4 million worth of solar rebates starting Jan. 2, there are signs that they are likely to be in high demand for 2019, just as they were in 2018.
NEW YORK, Dec. 12, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
CHARLOTTE, N.C., Dec. 11, 2018 /PRNewswire/ -- Duke Energy has restored more than 685,000 outages after a weekend winter storm rolled through the Carolinas, dumping record amounts of snow and ice. As of noon today, a total of 45,000 Duke Energy customers were still without power – 31,000 in North Carolina and 14,000 in South Carolina. "Our workforce of 9,000 is restoring power to customers as fast as safely possible," said Duke Energy storm director Jason Hollifield.
The recent strength in utilities has pushed them into the “overbought” zone. The Utilities Select Sector SPDR ETF (XLU) has its RSI (relative strength index) at 78. RSI levels at extremes indicate an impending reversal in the stock’s direction. Among the top utility stocks, Duke Energy (DUK), American Electric Power (AEP), and Exelon (EXC) are trading in the “overbought” zone with their RSIs above 70.
The Utilities Select Sector SPDR ETF (XLU), which represents the S&P 500 Utilities, rose 1.6%, while the S&P 500 fell 4.4% last week. The slow and steady utilities, generally considered “widow-and-orphan” stocks, continued to outperform broader equities amid market uncertainty in the last few months. The arrest of Huawei CFO Meng Wanzhou in Canada last week stirred the market sentiment and pointed to increased concerns about China and US trade relations.
Some Duke Energy customers in Mecklenburg County may be without power until Wednesday evening. In the mountains, customers could be in the dark well into Friday.
"We deeply appreciate the patience our customers have shown, and we're doing all we can in these extreme conditions to restore every customer as fast as possible," said Duke Energy storm director Jason Hollifield. Impacted customers who are registered to receive Duke Energy text alerts will receive a text once an estimated restoration time has been established for their property. With temperatures at or below freezing, customers should heed the advice of state and local emergency management officials in North Carolina and South Carolina.
Charlotte and the greater North Carolina economy saw steady growth in 2018, but changes are looming as the labor force tightens and economic growth slows.
CHARLOTTE, N.C., Dec. 10, 2018 /PRNewswire/ -- Duke Energy is working to restore the remaining 156,000 customers without power after this weekend's winter storm that produced record snowfalls across the Carolinas. The company has restored more than a half million customers since the storm struck. The public can follow the latest developments on the winter storm and Duke Energy's efforts to restore power at: https://www.dukeenergyupdates.com/. As of noon today, the company reported 156,000 outages – 110,000 in North Carolina and 46,000 in South Carolina.
Duke Energy Carolinas says about 123,000 customers remain without power Monday afternoon. Power has been restored for about 530,000 customers who were without power earlier in the storm.
Altogether, 78 projects were proposed, with one developer proposing to build as many as 15 solar farms.
A powerful winter storm that struck the U.S. Southeast over the weekend killed at least one motorist, left more than 310,000 customers without power and forced the cancellation of hundreds of flights on Sunday. A winter storm warning remained in effect for most of North Carolina, Virginia and southern West Virginia as at least an additional 2 inches (5 cm) of snow and sleet were expected to fall overnight and into Monday after more than a foot (30 cm) of snow fell over the weekend. Authorities reported hundreds of spinouts and collisions across the region as snow, sleet and freezing rain covered roadways across the region on Sunday.
CHARLOTTE, N.C., Dec. 9, 2018 /PRNewswire/ -- Almost 9,000 personnel are responding to Duke Energy power outages due to a winter storm that is rolling through the Carolinas this weekend. Customers can follow the latest developments on the winter storm and Duke Energy's efforts to restore power at: https://www.dukeenergyupdates.com/. As of noon today, the company reported 240,000 outages – 170,000 in North Carolina and 70,000 in South Carolina.
Utility stocks were supposed to be yesterday’s favorite investment. The theory regarding utility stocks was simple: Robust economic growth coupled with a full labor market was supposed to spark rising inflation. Utility stocks, which were long viewed as bond substitutes in an era of ultra-low interest rates, were supposed to fall.
U.S. equities have suffered from another bout of harrowing volatility this week as investors scramble to survive this bear market. The Dow Jones Industrial Average is threatening to fall below its multi-month support level to return to lows not seen since the beginning of the year. If those February lows are violated, watch for a possible reversal of much of the 2017 Trump tax cut rally.