|Bid||12.90 x 3000|
|Ask||12.92 x 1100|
|Day's Range||12.90 - 12.99|
|52 Week Range||10.06 - 15.25|
|Beta (3Y Monthly)||0.05|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||2.16 (15.88%)|
|1y Target Est||N/A|
Centrica's British Gas will increase household energy bills from April in line with a national price cap that regulator Ofgem increased this month by 10 percent, the company said on Tuesday. British Gas said on its website that its standard variable tariff for gas will rise by 10.4 percent and for electricity by 13.8 percent. Ofgem had said that the cap on dual-fuel bills - both gas and electricity - would rise by 10.3 percent to £1,254 a year from April 1 for average energy use.
Stone Harbor Emerging Markets Income Fund (“the Fund”), which is traded on the New York Stock Exchange under the symbol “EDF”, announced the declaration of monthly distributions of $0.18 per common share, payable on the dates noted below. Based on the Fund’s current share price of $12.33 and net asset value per share of $ 10.60 (as of close on January 22, 2019), the distributions represent an annualized distribution rate of 17.52% and 20.38% respectively.
On a global basis, utilities now trade mostly in line with our fair value estimates at a 1.0 price/fair value ratio, the same as last quarter. In the U.S., utilities are slightly overvalued as a group, but most of the high-quality firms trade at 15%-20% premiums to fair value. Most utilities across our coverage continue investing heavily in infrastructure, ranging from renewable energy to local energy distribution.