|Bid||89.73 x 800|
|Ask||89.75 x 1200|
|Day's Range||89.21 - 90.01|
|52 Week Range||71.96 - 91.35|
|Beta (3Y Monthly)||0.16|
|PE Ratio (TTM)||23.89|
|Earnings Date||May 8, 2019 - May 13, 2019|
|Forward Dividend & Yield||3.71 (4.12%)|
|1y Target Est||90.22|
The Zacks Analyst Blog Highlights: American Electric, American Water, NextEra, FirstEnergy and Duke
What Led to AES’s Rally and Where It Could Go From Here(Continued from Prior Part)Dividend yield AES’s (AES) dividend yield is 3.0%, its lowest in the last few years. Its yield has fallen in the last few quarters due to its stock rallying. This
Utilities: Leaders and Laggards Last Week(Continued from Prior Part)Implied volatilityOn March 15, the Utilities Select Sector SPDR (XLU) had an implied volatility of 10.5%—lower than its 15-day average. In comparison, SPY’s implied volatility
[Editor's note: This story was originally published in September 2018. It has since been updated and republished.]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. The Fed was supposed to fight rising inflation with rate hikes. Fixed income yields were supposed to rise. Utility stocks, which were long viewed as bond substitutes in an era of ultra-low interest rates, were supposed to fall.But that theory hasn't fully materialized into reality.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe result? Utility stocks haven't lost their shine. With inflation relatively contained and investors ducking into safety, stocks in utilities are still attractive assets to own for yield hunters. That is why after a big drop to start 2018 amid a soaring 10-Year yield, the Utilities Select Sector SPDR ETF (NYSEARCA:XLU) finished 2018 up 0.5% compared to the S&P 500's 6.2% loss.If the markets continue rising during the rest of 2019, can utility stocks continue their run of luck? Probably. Inflation isn't soaring higher because technology giants are suppressing inflationary pressures (just think about the downward pressure Amazon (NASDAQ:AMZN) is putting on all consumer goods prices). This trend won't reverse any time soon, and thus, inflationary pressures should remain subdued for the foreseeable future. With those forces subdued, utility stocks have room to rally. * 7 Small-Cap Stocks That Make the Grade With that said, what are the best utility stocks to buy for your portfolio? Here's a list of five stocks that I think are worth a look: American Electric Power (AEP)Considered one of the industry's heavyweights, American Electric Power (NYSE:AEP) is a massive electric utility company that delivers electricity to more than 5 million customers across eleven states.The business right now is doing pretty well. Robust economic strength in the company's core markets has boosted the business. Overall, sales and earnings are both trending higher at a healthy rate. Sempra Energy (SRE)Another one of the industry's heavyweights is Sempra Energy (NYSE:SRE), the multi-faceted energy company that provides energy services to more than 40 million customers globally across Southern California, Texas, Chile and Peru.Sempra's business is doing well. Both revenues and earnings are trending higher amid a favorable economic backdrop. Plus, the company is continuing its energy diversification efforts by expanding its liquid natural gas (LNG) business, something which the company feels can help fuel sustainable long-term growth. * 7 Small-Cap Stocks That Make the Grade The dividend yield on SRE stock sits right around 3.11%. That isn't great, but that is higher than where the yield has been over the past several years (largely below 3%). Duke Energy (DUK)Next up is electric power and gas utility giant Duke Energy (NYSE:DUK). Much like the other names on this list, Duke's operations are stable and healthy.Mostly thanks to favorable weather and strengthening economic conditions, Duke's revenues and earnings have been trending consistently higher at a slow and stable rate. This level of growth should persist for the next several years as economic conditions remain solid.On the yield side of things, DUK stock has a 4.1% dividend yield, which is one of the more attractive yields in this space. . American Water Works Company (AWK)Although electricity and power are very important utilities, another utility of equal importance is water, and that is where American Water Works Company (NYSE:AWK) comes into the picture.American Water provides waters services to 15 million people across 46 states and Canada. That makes American Water the largest and most diverse publicly traded water company. Moreover, American Water is planning on spending a whole bunch of money over the next several years to modernize water distribution infrastructure, an investment that will likely lead to rate hike approvals and robust long-term earnings growth. * 7 Small-Cap Stocks That Make the Grade AWK stock has a dividend yield of 1.7%. That isn't great. But, what the company lacks in dividend yield, it makes up for in earnings growth, which should be able to run around 10%-per-year for the next several years. That combination of healthy earnings growth and stable yield should make AWK stock a winning investment. NextEra Energy (NEE)Perhaps the utility stock with the most long-term earnings-growth potential on this list is NextEra Energy (NYSE:NEE). That is because not only does NextEra operate a massive utility business like the other utility players on this list, but the company is also a leading player in renewable energy and battery storage.Over the past decade, this company has grown earnings and dividends at an 8%-per-year clip, and that robust growth should continue so long as the company's renewable business continues to scale.The one thing to be worried about when it comes to NEE stock is that the dividend yield is at 2.6%, which is a five-year low. But, earnings growth is robust, and it is large enough to compensate for a historically low dividend yield.As of this writing, Luke Lango was long AMZN and AWK. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 of the Best Stocks to Buy Under $10 * 7 Single-Digit P/E Stocks With Massive Upside * 7 Best Quantum Computing Stocks Trading Today Compare Brokers The post 5 Utility Stocks to Buy for an Extra Durable Portfolio appeared first on InvestorPlace.
Duke Energy Corp. will start construction next month on its proposed uptown tower, which the company now says will be 40 stories tall. The extra floor — Duke had previously pegged the tower's height at 39 stories — is likely to make it the third-largest building on Charlotte's skyline.
Utilities: Leaders and Laggards Last WeekUtilities at an all-time high Broader markets moved higher on the China-US trade front and rose 2.5% last week. Utilities rose more than 1% for the week ending March 15. Utility stocks have been strong
Bragar Eagel & Squire, P.C. is investigating potential breaches of fiduciary duty by certain officers and directors of Duke Energy Corporation (DUK). Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For additional information concerning our investigation into Duke Energy and Encourages Investors to Contact the Firm please go to https://bespc.com/duk/. For additional information about Bragar Eagel & Squire, P.C. please go to www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
CHARLOTTE, N.C., March 18, 2019 /PRNewswire/ -- After a year of record-setting weather events – from tornadoes and flooding to ice storms and hurricanes – the Duke Energy Foundation today announced $1 million in funding to help North Carolina communities increase their resiliency to these major weather events with advanced preparation and planning through the Powerful Communities: Storm Resiliency grant program. This is a one-time-only opportunity to apply for up to $50,000 in Storm Resiliency grants, as part of the Foundation's annual State Strategic Impact grant cycle.
Duke Energy (DUK) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into Duke Energy Corporation (DUK). KSF’s investigation is focusing on whether Duke’s officers and/or directors breached their fiduciary duties to Duke’s shareholders or otherwise violated state or federal laws.
AEP, EXC, and Other Utilities: Analysts’ Views and Price Targets(Continued from Prior Part)American Electric Power CompanyAmerican Electric Power Company (AEP) stock has a median target price of $82.44 compared to its current market price of
Nucor reported all-time record earnings in 2018, reaching $7.42 per diluted share for the full year.
A rendering shared with Duke Energy Corp. employees shows the planned 1 million-square-foot building on South Tryon Street. Duke will not publicly share the rendering or any additional information until it files next week for construction permits.
CHARLOTTE, N.C., March 15, 2019 /PRNewswire/ -- Annual solar energy production in North Carolina jumped 36 percent in 2018, according to the latest government data – firmly placing North Carolina as the No. 2 solar-producing state in the nation. Data (page 54) from the U.S. Energy Information Administration (EIA) confirmed North Carolina's 36 percent growth, which significantly outpaced other leading solar states. "Duke Energy continues to connect more solar to the North Carolina energy grid and promote new customer programs in response to the state's 2017 solar law," said Stephen De May, Duke Energy's North Carolina president.
Raleigh-based GESS International hopes now to start construction on the $30 million biogas plant near Monroe by June and to have it operational by the summer of 2020.
Published reports say Bill Johnson, who is retiring as the head of the Tennessee Valley Authority, is the PG&E; Corp. board’s leading candidate for the CEO position at the California utility, which is in bankruptcy protection because of potential liability for devastating wildfires.
What Southern Company’s Indicators Suggest as Its Stock Peaks(Continued from Prior Part)Analysts’ price targets Southern Company (SO) stock has a downside potential of more than 4% from its current market price of $51.68. Wall Street analysts
What Southern Company’s Indicators Suggest as Its Stock Peaks(Continued from Prior Part)Implied volatilityOn March 12, Southern Company (SO) stock exhibited an implied volatility level of 13%, close to its 15-day average. In comparison, the
What Southern Company’s Indicators Suggest as Its Stock Peaks(Continued from Prior Part)Valuation Southern Company (SO) stock has rallied almost 18% in the past 12 months, largely mirroring broader utilities (XLU). Southern Company stock is
What Southern Company’s Indicators Suggest as Its Stock PeaksSO’s solid uptrendRegulated utility giant Southern Company (SO) has been on a solid uptrend recently and is up ~18% so far this year. Broader utilities are up 10% on average in the
To receive further updates on this Duke Energy Corporation (NYSE:DUK) trade as well as an alert when it's time to take profits, sign up for a risk-free trial of Strategic Trader today.This morning, we're recommending a bullish trade on Duke Energy Corporation (NYSE:DUK). DUK and the broader utility sector are looking more attractive to investors as we see volatility in the market increase. Investors Turn to UtilitiesInvestors certainly seemed spooked last week, and although sentiment improved on Monday, yesterday's market leaders were biased towards more conservative investments. A migration into safer sectors (such as utilities) is a common phenomenon when traders are nervous about growth prospects.InvestorPlace - Stock Market News, Stock Advice & Trading TipsDaily Chart of Utilities Select Sector SPDR ETF (XLU) -- Chart Source: TradingViewLooking at a daily chart for the Utilities Select Sector SPDR ETF (NYSARCA:XLU) we see that the sector has been rising since January. The stock managed to push past old resistance at just above the $57 level, which is a good sign. Because of the momentum in the utilities sector, selling puts on a utility is a good way to earn extra income this month.We've traded on DUK before, and right now, we like the technical formation. Bullish "Cup-and-Handle"Turning to DUK's daily chart, we see it has just completed a bullish "cup-and-handle" pattern. Historically, "cup-and-handle" patterns have a good track record for accurately signaling rising bullish momentum.Daily Chart of Duke Energy Corporation (DUK) -- Chart Source: TradingViewDUK is also a dividend payer, and the Fed's dovish turn at the start of 2019 is another reason we think the stock will perform well. Because DUK's momentum is aligned with trader sentiment, we want to keep our exposure to this position active. We recommend selling naked put writes on DUK.To find out what DUK puts we're selling -- and to get access to our full portfolio of income-generating trades -- consider signing up for risk-free trial subscription to Strategic Trader today. InvestorPlace advisers John Jagerson and S. Wade Hansen, both Chartered Market Technician (CMT) designees, are co-founders of LearningMarkets.com, as well as the co-editors of Strategic Trader.Follow our Facebook page to receive each Trade of the Day direct to your News Feed -- and join the conversation.Compare Brokers The post Utilities Have Bullish Momentum and DUK is Following the Sector appeared first on InvestorPlace.
Duke Energy Renewables is looking to add three more utility-scale wind projects by the end of 2020, with the power to be sold to major corporate customers.