|Bid||89.00 x 1400|
|Ask||91.55 x 800|
|Day's Range||90.18 - 91.35|
|52 Week Range||71.96 - 91.35|
|Beta (3Y Monthly)||-0.09|
|PE Ratio (TTM)||22.10|
|Forward Dividend & Yield||3.71 (4.08%)|
|1y Target Est||N/A|
An appeals court panel vacated U.S. Forest Service decisions that allow the $7 billion Atlantic Coast Pipeline to run through two national forests and cut across the Appalachian Trail.
Annette Clayton, CEO of North American Operation at Schneider Electric since 2016, will join the Duke Energy Board of and serve on the audit and nuclear oversight committees.
Duke Energy Carolinas and Duke Energy Progress are the only utilities in the Southeast that exceed the national average for power saved through efficiency programs.
In this part, we’ll discuss the valuations of the top-rallied utility stocks. Competitive utility AES (AES) stock is trading at a forward PE ratio of 12.0x based on analysts’ estimated EPS for 2019. In comparison, utilities’ average forward PE ratio is ~17x–18x. AES seems to be trading at a discounted valuation compared to its peers and its historical average.
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.
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.
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.
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.
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.
Western parts of the state could get 10 to 16 inches (25 to 41 centimeters) or more, as a system that’s currently over south Texas intensifies and collides with cold air as it moves into the southeast, according to the National Weather Service. Snowfall totals may be higher in some areas -- Asheville, which normally records about 10 inches of snow a season, may get 17 inches from Saturday evening through Sunday afternoon. The state’s largest utility is warning of extensive power outages and farmers are taking precautions to protect livestock.
Duke Energy (DUK), the country’s second-largest utility holding company by market capitalization, derives almost all of its earnings from regulated operations, which facilitate stable earnings and dividends. Duke Energy has one of the longest dividend payment histories among peers and has paid dividends to shareholders for 368 consecutive quarters.