73.67 -0.01 (-0.01%)
After hours: 4:58PM EDT
|Bid||73.62 x 2900|
|Ask||74.05 x 2900|
|Day's Range||73.35 - 74.06|
|52 Week Range||72.93 - 91.80|
|PE Ratio (TTM)||16.90|
|Forward Dividend & Yield||3.56 (4.55%)|
|1y Target Est||N/A|
On May 18, the Utilities Select Sector SPDR ETF’s (XLU) implied volatility was 12%—lower than its 15-day average. The SPDR S&P 500’s implied volatility was close to 10%—lower than its 15-day average of 11%.
Duke Energy (DUK) is the second-largest utility by market capitalization. Duke Energy stock is trading at a PE ratio of 22.0x. Duke Energy’s five-year historical average valuation is ~21x. The stock appears to be trading at a premium to its historical valuation. Duke Energy’s EV-to-EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) multiple is 10.5x—compared to its five-year historical average of 11.0x. Duke Energy stock seems to be trading at a discount to its historical average given its EV-to-EBITDA valuation.
US utility stocks have been trading very weak this year. The Utilities Select Sector SPDR ETF (XLU) entered the “oversold” zone last week with its RSI (relative strength index) at 25.
The strength in Treasury yields continued to push US utility stocks lower last week. The Utilities Select Sector SPDR ETF (XLU), which tracks the S&P 500 Utilities Index, fell 2.8% and broader markets fell 0.6% last week.
A coroner says a worker died of asphyxiation in an accident at a Duke Energy power plant in southern Indiana. Clarence R. Sieveking Jr. was pronounced dead Monday following the accident at Duke Energy's Gallagher Station power plant in New Albany. Floyd County's deputy coroner confirmed in an autopsy released Thursday that the 65-year-old Sieveking died in an industrial accident.
Customers in Carolinas will continue to receive power post the sale of Duke Energy's (DUK) five hydroelectric plants to Northbrook Energy.
Let’s take a look at institutional investors’ activities in the biggest regulated utility in the country, Duke Energy (DUK). In the first quarter, the top institutional investors raised their stakes in the company. The Vanguard Group, the largest institutional investor in the North Carolina–based utility, raised its holdings 0.6 million shares. As of March 31, it held 52.1 million shares, which was a 7.4% stake in this second-largest utility holding company.
Eight early-stage companies were selected out of 150 applicants to participate in the energy-focused Joules Accelerator program. Two of those hail from Charlotte.
Atlantic Coast Pipeline LLC contends a court order vacating an important environmental ruling will affect only “a small portion of the 600 mile route."
Duke Energy Carolinas is selling five small hydroelectric plants in the Nantahala and Broad River basins in far western North Carolina.
RICHMOND, Va. (AP) — Federal regulators declined to stop work Wednesday on the Atlantic Coast Pipeline after an appeals court invalidated a key permit for the multistate project.
The Public Staff has joined in asking the Supreme Court to overturn the N.C. Utility Commission ruling that customers should pay Duke Energy's coal-ash costs.
Within hours of a federal court order, attorneys for environmental groups sent a formal letter to the utilities behind the planned 600-mile Atlantic Coast Pipeline project, demanding they halt construction.
Sempra Energy (SRE), California’s largest utility by market cap, has a mean target price of $119.6 compared to its current market price of $106.5, which implies a rise of 12.3% going forward.
The 4th Circuit Court of Appeals has vacated a decision on the Atlantic Coast Pipeline in a move that environmental groups say could stop construction “in its tracks.”
US utility stocks slipped 0.8% on May 15 after ten-year Treasury yields peaked at 3.1%—a seven-year high. Broader markets also corrected 0.7% during the day. A strong increase in US retail sales in April highlighted more economic growth in the country.
Cube Hydro Partners wants N.C. regulators to compel Duke Energy Corp. to sign power purchase agreements with three hydroelectric dams Cube it owns on the Yadkin River.
N.C. customers just getting over sticker shock from Duke Energy Progress' recent 6% rate hike may want to brace for a small aftershock.
On May 11, the implied volatility of the Utilities Select Sector SPDR ETF (XLU) was 13%, near its 15-day average. The SPDR S&P 500’s implied volatility was close to 10%, lower than its 15-day average of 12%.
Atlantic Coast Pipeline LLC can begin actual construction of the $6.5 billion pipeline in specific parts of West Virginia.
SunTrust Robinson Humphrey cut DUK’s price target from $84.0 to $82.0 last week. Southern Company (SO), the second-largest regulated utility in the country, also received a target price change last week.
Many utility stocks have corrected in the last six months after peaking in November 2017. From a valuation perspective, some of the top utility stocks (XLU) are looking very attractively valued.
US utility stocks continued to drag last week on concerns of higher Treasury yields. Utilities at large fell more than 2%, while broader markets soared 2.6% in the week.