82.28 0.00 (0.00%)
After hours: 4:33PM EDT
|Bid||79.27 x 1400|
|Ask||0.00 x 800|
|Day's Range||81.58 - 82.71|
|52 Week Range||71.96 - 91.80|
|PE Ratio (TTM)||20.81|
|Forward Dividend & Yield||3.71 (4.61%)|
|1y Target Est||N/A|
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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.
Southern Company (SO) stock corrected ~6% last week. Southern Company has a mean target price of $46.1—compared to its current market price of $46.1, which indicates flattish movement for the next year. Brokerages lowered Southern Company’s target price after its second-quarter earnings. Barclays cut Southern Company’s target price from $51 to $48 and lowered its rating from “overweight” to “equal weight.” J.P. Morgan lowered Southern Company’s target price from $46 to $45 on August 9. ...
On August 10, the Utilities Select Sector SPDR ETF (XLU) had an implied volatility of 12%—close to its 15-day average. The SPDR S&P 500’s implied volatility was close to 9%, which is near its 15-day average. The implied volatility shows investors’ anxiety. Higher volatility is usually related to a fall in a stock’s price.
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.
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.
Early in Chris Heck’s 35-year tenure at Duke Energy Corp., he took on a project to write computer code for the utility’s mainframe computers. The program would allow Duke to shut down electricity service to large manufacturers during times of peak demand. The manufacturers would stop production but be paid back with lower rates.
The state customer advocate's appeal of a decision charging customers for $545 million worth of coal-ash cleanup costs was something of a shoe waiting to drop.
According to the 14 analysts surveyed by Reuters that track PPL (PPL), two recommend “strong buy,” five recommend a “buy,” six recommend a “hold,” and one recommends a “sell” as of August 8.
PPL (PPL) stock is trading at a PE multiple of 13x—compared to its five-year historical valuation of 14x. Recently, PPL traded at an enterprise value-to-EBITDA multiple of 9.7x. The company’s five-year historical average is 11x. PPL stock appears to be trading at a discounted valuation compared to its historical multiples.
PPL (PPL) reported its second-quarter financial results on August 7. The company reported total revenues of $1.85 billion for the quarter ending on June 30—an increase of 7% YoY (year-over-year). Analysts expected revenues of $1.75 billion for the second quarter.
In a story Aug. 6 story listing female CEO of S&P 500 companies, The Associated Press erroneously listed Margaret C. Whitman as the CEO of Hewlett Packard Enterprise Co. She stepped down from the role ...
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.
Forty-six workers will leave Duke Energy Corp.'s tax department for Ernst & Young in what Duke calls a "first of its kind" deal to tap the tax expertise of the international accounting and consulting firm.
An electrification initiative could one day lure logistics firms to North Carolina – at least that's the hope of a Duke Energy manager.
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.
According to Wall Street analysts’ consensus, PPL Corporation (PPL) stock offers a handsome estimated upside of 10% per year with a mean target price of $31.40. Currently, PPL stock is trading at $28.54.
Currently, Southern Company (SO) stock offers a downside of more than 3% from its current levels around $48.60. Analysts have given Southern Company a mean target price of $46.90.
Let’s compare Dominion Energy’s (D) stock performance with peers’. Over the last year, it has returned -5%, considering capital appreciation and dividends paid. Despite superior dividend growth, Dominion Energy’s returns have lagged behind peers’ due to its weak stock performance. In the last five years, it has returned 7% compounded annually.
Dominion Energy (D), the fourth-largest US utility by market capitalization, is trading at a PE multiple of 22x, lower than its five-year historical average. Its EV1-to-EBITDA multiple, 13.9x, is also lower than its five-year average (~15.0x).
With North Carolina rates settled, Duke Energy Corp. is ready to look south for more changes by the end of the year.