|Bid||84.72 x 1100|
|Ask||84.87 x 800|
|Day's Range||84.34 - 84.93|
|52 Week Range||71.96 - 91.35|
|Beta (3Y Monthly)||0.07|
|PE Ratio (TTM)||20.57|
|Earnings Date||Feb 14, 2019|
|Forward Dividend & Yield||3.71 (4.35%)|
|1y Target Est||88.06|
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.
CHARLOTTE, N.C. , Jan. 11, 2019 /PRNewswire/ -- Duke Energy has received the Edison Electric Institute's (EEI) "Emergency Recovery Award" for the company's outstanding power restoration efforts ...
CHARLOTTE, N.C., Jan. 10, 2019 /PRNewswire/ -- With returning cold temperatures and potential negative impacts from the ongoing federal government shutdown, Piedmont Natural Gas is reminding its customers and communities of programs for people who need assistance paying their energy bills. "Higher energy bills this time of year can make financial hardships even more stressful for individuals and families who already struggle to make ends meet," said Barbara Ashford, director of community relations for Piedmont Natural Gas. "And now with some federal government workers facing uncertainty about when to expect their next paycheck, temporary assistance could be just a phone call away.
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.
- Includes $250,000 for Hurricane Michael relief, $90,000 for veterans' initiatives and $25,000 for Eastpoint wildfire relief ST. PETERSBURG, Fla. , Jan. 10, 2019 /PRNewswire/ -- Duke Energy is energizing ...
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.
- Duke Energy contributes $500,000 to assistance agencies in state PLAINFIELD, Ind. , Jan. 9, 2019 /PRNewswire/ -- Duke Energy today reiterated that help managing energy bills is available for any customer ...
- Duke Energy contributes $250,000 to assistance agencies in two states CINCINNATI , Jan. 9, 2019 /PRNewswire/ -- Duke Energy today reiterated that help managing energy bills is available for any customer ...
- Duke Energy Foundation contributes $250,000 to assistance agencies in state ST. PETERSBURG, Fla. , Jan. 9, 2019 /PRNewswire/ -- Duke Energy today reiterated that help managing energy bills is available ...
- Duke Energy Foundation contributes more than $1.3 million to assistance agencies in the Carolinas CHARLOTTE, N.C. , Jan. 9, 2019 /PRNewswire/ -- Duke Energy today reiterated that help managing energy ...
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
CHARLOTTE, N.C. , Jan. 8, 2019 /PRNewswire/ -- Duke Energy will announce its fourth-quarter and year-end 2018 financial results at 7 a.m. ET on Thursday , Feb. 14, in a news release to be posted on the ...
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.
- Grants to support 11 projects spanning 58 counties across North Carolina and South Carolina - Investment is part of Duke Energy's $10-million multiyear commitment to protect and improve the environment ...