|Bid||0.00 x 900|
|Ask||0.00 x 1000|
|Day's Range||80.91 - 81.74|
|52 Week Range||71.96 - 91.80|
|Beta (3Y Monthly)||-0.07|
|PE Ratio (TTM)||20.56|
|Earnings Date||Nov 2, 2018|
|Forward Dividend & Yield||3.71 (4.59%)|
|1y Target Est||84.94|
American Electric Power Company’s (AEP) EV-to-EBITDA multiple is 11.1x. The company’s five-year average EV-to-EBITDA multiple is 9.6x. Currently, American Electric Power is trading at a premium of 15.6% to its historical average.
Participation in this project will enable Duke Energy's (DUK) large non-residential customers to secure significant amounts of solar or other renewable energy.
Systematic investments in growth projects and infrastructure upgrades enable Ameren (AEE) to generate cash flow and reward shareholders with dividend.
Environmentalists said they found arsenic levels in North Carolina’s Cape Fear River at more than 70 times drinking-water standards after coal ash spilled from a Duke Energy Corp. power plant during Hurricane Florence. State officials concluded the water was safe. The seemingly contradictory results are largely because the two groups used different techniques and were looking for different things, according to Avner Vengosh, a Duke University professor who specializes in geochemistry and water quality.
Duke Energy Progress' new 560-megawatt Asheville Plant will consist of two combined-cycle natural gas units replacing the 54-year old coal-fired plant on the site.
On October 15, the implied volatility of AES Corporation (AES) stock was 25%, which was higher than its 15-day average volatility of 21%. AES’s average implied volatility in the last few weeks was way higher than that of broader utilities and broader markets. Implied volatility represents investor anxiety. An increase in implied volatility is generally associated with a fall in the stock and vice versa.
AES (AES) declared a per share dividend of $0.13 on October 12. The ex-dividend date for it is October 31, and the dividend will be paid on November 15. AES is currently trading at a dividend yield of 3.6%, marginally higher than utilities’ (XLU) average yield of 3.4%. AES’s recent dividend was an increase of more than 8% considering its dividends in the comparable period last year. In comparison, the industry average annual dividend growth is ~5%.
- Programs to assist customers now available - Company relief donations total almost $350,000 ; also matching employee contributions ST. PETERSBURG, Fla. , Oct. 16, 2018 /PRNewswire/ -- Duke Energy today ...
- As popularity grows, charging station access and technology must evolve as well - Proposed $10 million program aims to better understand the effects of increased adoption of electric transportation on ...
CHARLOTTE, N.C., Oct. 16, 2018 /PRNewswire/ -- Duke Energy expects to restore power by tonight to most of the remaining North Carolina and South Carolina customers impacted by Tropical Storm Michael late last week. Duke Energy plans to restore power to most customers, whose properties can receive power, by 11:45 p.m.
Duke Energy Corp. has petitioned South Carolina regulators to allow it to establish a Green Source Advantage program in that state, similar to the one already proposed in North Carolina.
Tropical Storm Michael raced through the Carolinas Thursday, causing considerably more power outages than the company had expected when preparing for the storm last week.
NextEra Energy (NEE), the biggest component in the Utilities Select Sector SPDR ETF (XLU), is currently trading at a forward PE multiple of 21x based on its estimated EPS for 2019. Its forward PE multiple is higher than its five-year historical average PE multiple of ~20x. Thus, the stock looks expensive considering its historical average as well as its 8% estimated earnings growth in 2019.
The sell-off in utilities (IDU) last week pulled them below their 50-day moving averages, which indicates a renewed weakness. The Utilities Select Sector SPDR ETF (XLU) is currently trading 1% below its 50-day moving average and 3% above its 200-day moving average. Its 200-day moving average of $51.22 will likely act as a support for XLU in the short term. XLU closed at $52.95 on October 12.
After a fairly positive start, utilities tumbled later last week and closed 1.3% lower. In comparison, the broader markets lost ~4% during the week. The sell-off last week pushed the S&P 500 to a three-month low after fresh trade war tensions weighed mainly on the technology and industrial sectors. The defensives such as utilities fared better as investors turned to safe-haven options, given their higher yields and stable price movements.
The major stock indexes took a pummeling last week over fears that interest rates are rising too quickly. Surprisingly, the utilities sector, which typically moves lower when interest rates rise due to higher funding costs, has outperformed the broader market in October 2018. While the Standard and Poor's 500 index (S&P 500) is down 5% so far this month, the Vanguard Utilities ETF ( VPU) – the poster child of U.S. utilities exchange-traded funds (ETFs) – is trading flat to slightly higher over the same period, and the ETF is up 6.14% over the past three months.
GREENVILLE, S.C., Oct. 15, 2018 /PRNewswire/ -- Duke Energy has proposed a new program to expand renewable energy options for its commercial and industrial customers in South Carolina. The proposed Green Source Advantage program will provide large nonresidential customers the option to secure significant amounts of solar or other renewable energy to satisfy their sustainability or other clean energy goals.
ST. PETERSBURG, Fla. , Oct. 14, 2018 /PRNewswire/ -- About 4,000 repair workers today continued to restore power to Duke Energy customers on the Florida Panhandle following Hurricane Michael. About 14,800 ...
CHARLOTTE, N.C., Oct. 14, 2018 /PRNewswire/ -- An army of more than 10,000 repair workers today continued to restore power to Duke Energy's customers in the Carolinas following Tropical Storm Michael. Duke Energy expects to restore power to most of the remaining customers, whose properties can receive power, by 11:45 p.m., Tuesday, Oct. 16. Crews have repaired more than 1 million power outages since the destructive storm raced through the Carolinas on Thursday.
CHARLOTTE, N.C., Oct. 13, 2018 /PRNewswire/ -- About 1.1 million customers in the Carolinas were affected by power outages from Tropical Storm Michael. "We have more than 10,000 people working to restore power," said Duke Energy Storm Director Rufus Jackson. The Triad area of North Carolina took the toughest blow from Tropical Storm Michael, with Guilford, Rockingham, Alamance and Caswell counties among the hardest hit.
ST. PETERSBURG, Fla., Oct. 13, 2018 /PRNewswire/ -- Duke Energy continues to update restoration times for the 20,000 remaining customers without power in the Florida Panhandle. Affected customers can access an online map that will give real-time information as restoration times are updated. The hurricane damaged numerous electric transmission and distribution facilities, including substations, utility poles, power lines and other key system components – all of which will need to be repaired or replaced before power can be restored to individual customers.
ST. PETERSBURG, Fla., Oct. 12, 2018 /PRNewswire/ -- Duke Energy tonight provided additional information about power restoration for Florida customers impacted by Hurricane Michael. The hurricane damaged numerous electric transmission and distribution facilities, including substations, utility poles, power lines and other key system components – all of which will need to be repaired or replaced before power can be restored to individual customers. Below are power restoration details by geographical zone.
CHARLOTTE, N.C. , Oct. 12, 2018 /PRNewswire/ -- Duke Energy today provided information about power restoration for North Carolina and South Carolina customers impacted by Tropical Storm Michael. Damage ...
NextEra Energy (NEE) and Dominion Energy (D) are among the fastest growing utilities. Both of the utilities aim to grow their earnings ~7% annually, while broader utilities are expected to grow ~4% for the next few years. Their superior earnings growth will likely fuel above-average dividend growth as well.
- 490,000 customers remain without power as of 6:30 p.m. ET. - More outages likely as storm rolls through eastern North Carolina CHARLOTTE, N.C. , Oct. 11, 2018 /PRNewswire/ -- Duke Energy has restored ...