|Bid||0.00 x 900|
|Ask||86.25 x 900|
|Day's Range||85.21 - 86.02|
|52 Week Range||71.96 - 91.35|
|Beta (3Y Monthly)||0.07|
|PE Ratio (TTM)||20.85|
|Forward Dividend & Yield||3.71 (4.33%)|
|1y Target Est||N/A|
Analyzing Southern Company’s Key Indicators(Continued from Prior Part)Analysts’ recommendationsBased on analysts’ estimates, Southern Company (SO) stock has a median target price of $46.4, which indicates an estimated downside of 1% for the
Duke Energy is one of several companies that has proposed purchasing South Carolina-owned utility Santee Cooper.
Analyzing Southern Company’s Key Indicators(Continued from Prior Part)Dividend profileSouthern Company (SO), the third-largest utility by market capitalization, is trading at a dividend yield of 5.1%—notably higher than broader utilities’
Analyzing Southern Company’s Key Indicators(Continued from Prior Part)Valuation Southern Company (SO) stock is trading at a forward PE ratio of 15x based on analysts’ EPS for 2019. The company appears to be trading at a discounted valuation
A Look at Utility Stocks with Robust Potential Upsides(Continued from Prior Part)Dominion EnergyDominion Energy (D) stock offers an upside potential of more than 11% based on analysts’ median target price of $75.8 for the next 12 months. It’s
Wildfires caused by PG&E Corporation (NYSE:PCG) appear to now consume PCG stock. This utility finds itself in trouble as its negligence led to numerous wildfires across northern California. As a result, PCG stock is now in freefall. In its descent, PCG has exhibited the one trait one never wants to see in a utility stock -- instability. ### RIP PCG Stock I usually think "opportunity" when I hear about instability in most stocks. I often see a scandal or a setback in an equity and think "buying opportunity." Events such as a big earnings miss, an unexpected CEO departure, a sex scandal, or the like often hit companies. Stockholders often react overreact to such occurrences, selling off a stock much more than the ensuing event justifies. InvestorPlace - Stock Market News, Stock Advice & Trading Tips The lows of the financial crisis serve as a great example. Investors who bought into the S&P 500 near its March 2009 low of 611 benefited from huge profits once the negative feelings abated. Not this time. * 7 Stocks to Buy as the Dollar Weakens PCG stock lost more than 40% of its value on Monday. After Monday, the freefall continued. Since early October, Pacific Gas & Electric stock has lost more than 85% of its value. Negligence by PG&E over poorly maintained power lines sparked wildfires causing billions in property damage. Sadly, many also perished in these fires. This will not go away with a few million in payoffs or a better earnings report in the next quarter. Given the magnitude of the financial damages PCG stock faces, bankruptcy remains its only viable option. As of this writing, PCG trades in the single digits and continues to fall. Another shoe dropped as the S&P Dow Jones Indices announced Teleflex (NYSE:TFX) would replace PCG stock in the S&P 500 on Jan. 18. ### Utility Stocks Require a Different Investor Mindset The issues go well beyond mere company negligence. The company also violated a rarely discussed assumption. PCG stock represents a utility. Nobody invests $5,000 in a utility in hopes of finding the next Amazon (NASDAQ:AMZN) and getting rich. Investors buy a utility stock to benefit from a stable, slow-growth equity that yields dividend income. More than that, investors expect these companies to define stability. These firms rarely face competition when they own the infrastructure. Their profit growth tends to mirror household formation increases and inflation. These firms often generate healthy dividends, but little else in the way of news. Peers such as NextEra Energy (NYSE:NEE), Duke Energy (NYSE:DUK) and Southern Company (NYSE:SO) quietly keep the power on, collect profits and pay dividends. If anything displaces a utility, one expects it would entail a technological shift such as the solar roof from Tesla (NASDAQ:TSLA). Few expect widespread negligence to take such a company down. However, PCG has become the exception. Looking back, the 2000 film Erin Brockovich should have served as a clue of the chronic issues that persist with PG&E. The negligence that caused the lawsuit discussed in that movie did nothing to change the company. As a result, PG&E faces another bankruptcy. Now, investors have to rethink whether the Warren Buffett mantra of "buy when there's blood in the streets" (or in California's case, when there's fire) should apply to utilities. * Top 10 Global Stock Ideas for 2019 From RBC Capital ### Final Thoughts on PCG Stock Due to its negligence, Pacific Gas & Electric reminded us that the instability we might tolerate from most equities has no place in a utility stock like PCG. More often than not, mistakes or unexpected setbacks create buying opportunities in stocks. However, with the essential role utilities play, instability can easily destroy such a company. This has become the case with PCG stock. Now, bankruptcy has become the company's only option. Bottom line, utilities should draw little attention. PCG stock broke that cardinal rule in the most outrageous manner imaginable. Now, bankruptcy courts will decide the fate of PG&E. It goes without saying that those who own this equity should get out before its lights out. More importantly, it reminds us that utility stocks should generate dividends, not attention. As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * Top 10 Global Stock Ideas for 2019 From RBC Capital * 10 A-Rated Stocks the Smart Money Is Piling Into * 5 Best Bank ETFs for This Week's Earnings Avalanche Compare Brokers The post The Fate of PG&E Stock Reminds Us to Treat Utilities Differently appeared first on InvestorPlace.
A review of environmental requirements for the Duke Energy-backed Atlantic Coast Pipeline could delay completion of the project until mid 2021 and significantly increase its costs.
Additional projects include electric delivery vans and electric pickups. FreightWaves caught up with Steve Burns, CEO, to check in on the company's progress, and how close it may be to selling its SureFly personal helicopter. Burns said the company is "six months into a two-year journey" to get the product approved and sold.
Utilities: Analyzing Gains and Losses Last Week(Continued from Prior Part)Analysts’ target pricesAnalysts expect an upside potential of 6.3% from NextEra Energy (NEE) stock based on the median target price of $186.8 and its current price of
Utilities: Analyzing Gains and Losses Last Week(Continued from Prior Part)Dividend yieldsMacroeconomic factors mainly drove broader markets in the last few months, which played out well for utilities. Utilities’ relatively slow and steady stock
Utilities: Analyzing Gains and Losses Last Week(Continued from Prior Part)ValuationAmong the top utilities, NextEra Energy (NEE) is trading at a forward PE ratio of 21x based on the estimated EPS for the next 12 months. NextEra Energy looks to be trading at a fair premium compared to its historical valuation and its peers. NextEra Energy’s
Utilities: Analyzing Gains and Losses Last Week ## Will the defensives repeat 2018? Utilities continued to underperform broader markets last week. The Utilities Select Sector SPDR ETF (XLU) rose almost 1%, while the S&P 500 rose 2.5% in the week ending January 11. Utilities beat the S&P 500 by a wide margin in 2018 particularly when markets started falling in the fourth quarter. The benchmark ten-year Treasury yield was largely flat last week—it closed at 2.70%. Utility stocks and Treasury yields usually trade inversely to each other. Higher interest rates could make utilities less appealing compared to bonds. The Fed delivered four quarter-point rate hikes last year—the most hikes since it started rate normalization in 2015. ## Movers and shakers NextEra Energy (NEE), the biggest utility by market cap, stock rose ~2%, while Duke Energy (DUK) fell almost 1% last week. Regulated utility giant Southern Company (SO) grew more than 4%, while Dominion Energy (D) fell more than 3%. PG&E (PCG) stock fell 30% last week due to bankruptcy concerns. On January 13, PG&E reported that CEO Geisha Williams resigned. We’ll discuss PG&E more in the next part of this series. Merchant power stock NRG Energy (NRG) rose more than 3% last week. NRG Energy was the top-rallied stock in 2018 among utilities. The stock rose almost 37% in 2018. Read Will NRG Energy Stock Continue to Increase in 2019? to learn more. Competitive utility Exelon (EXC) rose 2.6%, while FirstEnergy (FE) rose 3.2% last week. So far in 2019, utilities at large have risen ~0.6%, while S&P 500 has risen almost 4%. Continue to Next Part Browse this series on Market Realist: * Part 2 - Bankruptcy Fears Take Charge: PG&E Stock Fell 30% Last Week * Part 3 - XLU: What to Expect from Utility Stocks * Part 4 - Dividend Yields: Analyzing Top Utility Stocks
Duke Energy says the joint investment in California-based Open Energy Solutions builds on open grid standards that Duke has been working on for years and will be useful to Duke's $16 billion Carolinas grid modernization plan.
The Charlotte-based utility giant says its final tally shows it was able to award just $8.5 million in rebates for rooftop solar projects in North Carolina in 2018 — down $1 million from what had been estimated in December.
The Mecklenburg County Tax Collector’s site lists Duke Energy Corp. and its subsidiaries as delinquent on about $32.6 million in county and municipal property and use taxes. However, the county admits it's still catching up with payments made just before penalties started on Jan. 8.
Public Service Enterprise (PEG) arm divests two coal-burning power plants to back reduction of 13 million metric tons of CO2-equivalent emissions through 2030 from 2005 levels.
Together, Duke Energy's (DUK) Hamilton and Columbia solar power plants are expected to eliminate approximately 645 million pounds of carbon dioxide emissions in Florida during their first year of commercial operation.
The Zacks Analyst Blog Highlights: Visa, Coca-Cola, AbbVie, Johnson & Johnson and Duke Energy
To date, the fund has awarded more than $9 million of the $10 million Duke committed in 2014 to awarding to protect fish and wildlife habitats and expand access to waterways in the Carolinas, Georgia, and Virginia.
A 2017 law requires Duke Energy Carolinas and Duke Energy Progress to offer rebates totaling a little more $12 million a year to help residential, business and not-for-profit customers in North Carolina install rooftop solar projects.
Analyzing Utilities in the Week Ending January 4 ## A shaky start to 2019 Utilities, the defensives, underperformed broader markets last week. The Utilities Select Sector SPDR ETF (XLU), the representative of the top utility stocks in the country, closed marginally down. The S&P 500 gained almost 2% in the week ending January 4. The broader markets were still volatile. The better-than-expected jobs report for December and Fed Chair Jerome Powell’s comments on being patient about raising rates helped the sentiment late last week. ## Movers and shakers NextEra Energy (NEE) fell marginally, while Duke Energy (DUK), the second-biggest utility by market cap, fell 0.8% last week. Duke Energy declared a quarterly dividend of $0.9275 per share last week, which indicates a dividend yield of 4.4%. The ex-dividend date for the dividend is February 14. The dividend will be paid on March 18. Duke Energy has a long dividend payment history. Duke Energy has paid a cash dividend for 93 consecutive years. According to Reuters, wildfire-stricken PG&E (PCG) is considering filing for bankruptcy. The company is facing a multi-billion dollar liability associated with wildfires in 2017 and 2018. Bankruptcy isn’t certain yet. However, the company reported in November that its existing insurance wouldn’t be enough. The wildfire-related liabilities could have a material impact on the company’s financial condition. PG&E fell 30% in after-hours trading on January 4 following the news, according to Reuters. Top regulated utility stock Southern Company (SO) rose 1.7%, while Dominion Energy (D) fell 1.4% last week. Dominion Energy completed its much-awaited SCANA (SCG) acquisition last week. Continue to Next Part Browse this series on Market Realist: * Part 2 - XLU: What to Expect from Utilities in 2019 * Part 3 - Utilities versus Broader Markets’ Total Returns * Part 4 - Comparing Utilities and Treasury Yields