|Bid||13.72 x 1100|
|Ask||0.00 x 1100|
|Day's Range||13.40 - 13.90|
|52 Week Range||10.06 - 14.37|
|Beta (3Y Monthly)||0.80|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||2.16 (16.23%)|
|1y Target Est||N/A|
France has set more ambitious targets to cut carbon emissions by 2050 but few measures will take effect on President Emmanuel Macron's watch as the "yellow vest" protest movement limits his scope for environmental protection. A draft new "energy transition law", presented to cabinet on Tuesday and seen by Reuters, pledges to reduce carbon emissions by a factor of more than six by 2050 compared to 1990. Months after coming to power in 2017, Macron dropped that law's key provision - despite a pledge to respect it - to reduce nuclear energy's share in French electricity production to 50 percent by 2025, from 75 percent currently.
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 $12.74 and net asset value per share of $10.35 (as of close on April 23, 2019), the distributions represent an annualized distribution rate of 16.95% and 20.87% respectively.
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.
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.