63.09 0.00 (0.00%)
After hours: 4:27PM EDT
|Bid||63.09 x 800|
|Ask||63.10 x 800|
|Day's Range||63.07 - 63.75|
|52 Week Range||45.50 - 71.00|
|Beta (3Y Monthly)||-0.18|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 30, 2019|
|Forward Dividend & Yield||2.45 (4.09%)|
|1y Target Est||71.14|
Washington and Oregon face similar environmental challenges, transportation being the largest contributor to air pollution and greenhouse gas emissions in those states as well. Today, electricity providers in the three West Coast states announced that they are working on a solution to significantly curb those harmful emissions. Nine electric utilities and two agencies representing more than two dozen municipal utilities are sponsoring the West Coast Clean Transit Corridor Initiative, a study to determine how best to ensure that Interstate 5 — a lifeline of goods transportation that extends more than 1,300 miles from the Canadian to the Mexican border — is equipped with sufficient charging to support electric long-haul trucks.
How Are Utility Stocks Placed for the Future?(Continued from Prior Part)Target pricesMany utility stocks (XLU) are offering dull upside potential due to their recent strength. However, NRG Energy (NRG) offers a potential upside of more than
How Are Utility Stocks Placed for the Future?(Continued from Prior Part)PG&EPG&E (PCG), which is seeking bankruptcy protection under Chapter 11, had one of the best weeks of the year. The stock rose almost 20% last week after Governor
Utilities and municipalities in three western states join in unprecedented collaboration to tackle harmful emissions
Californian utility stocks soared Friday, April 12, after the release of a wildfire report. Power up profits with these three trading ideas.
The creation of a fund that would allow utilities to pay for wildfire damage claims sent PG&E Corp shares soaring nearly 12 percent before closing 3.95 percent higher on Friday. "PG&E is a textbook example of what happens when a utility does not invest in safety after numerous deadly reminders to do so over many years," a report released by Newsom said. PG&E said in a statement that it is "embracing the calls for change," and committed to resolving wildfire victims' claims fairly and expeditiously.
The governor issued a report Friday outlining possible solutions for how costs for destructive wildfires will be covered -- including a possible fund that utilities can tap into -- that sent the clearest signal yet that the state will move to keep its power companies solvent. The wide-ranging report gave Wall Street optimism that California will work with utilities to solve an intractable problem: who pays for wildfires as climate change threatens to make them deadlier and more frequent. Now, the task of developing a concrete approach falls to lawmakers, who need to work quickly as another fire season nears.
Shares of Clovis Oncology Inc (NASDAQ:CLVS), Conduent Incorporated (NYSE:CNDT), Edison International (NYSE:EIX), Chevron Corporation (NYSE:CVX), and Anadarko Petroleum Corporation (NYSE:APC) were all on the move on Friday as the S&P 500 closed above 2900. Some like Edison International (NYSE:EIX) and Anadarko soared, while others like Clovis fell. Given their moves, let's find out why each stock rose and fell and how […]
Southern California Edison is encouraged by the broad scope of Gov. Newsom’s strike force report, which addresses critical wildfire issues including prevention, keeping the state on track to meet its ambitious climate change goals and liability and regulatory reform.
For many investors, the main point of stock picking is to generate higher returns than the overall market. But in any portfolio, there are likely to be some stocks that fall short of that benchmark. We regret to report that l...
How's Sempra Energy Placed Compared to Its Peers?(Continued from Prior Part)Analysts’ target pricesSempra Energy (SRE) has a median target price of $132.6 compared to its current market price of $127.8, which suggests an estimated upside of ~4%
Southern California Edison utility said on Thursday it requested a federal agency to adjust the extraordinary wildfire risk for the portion regulated by it in the company's authorized return on equity (ROE). The company requested http://pdf.reuters.com/htmlnews/htmlnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20190411:nBw4GpyFfa the Federal Energy Regulatory Commission for an ROE of 17.12 percent, including incentives and investments in new technologies and clean energy projects. Southern California's authorized ROE was at 10.3 percent in 2018, according to its annual filing.
How's Sempra Energy Placed Compared to Its Peers?(Continued from Prior Part)Total returnsSempra Energy (SRE), including dividends, returned more than 18%, while broader utilities (XLU) returned 17% in the last 12 months. We have considered capital
Citing “dramatic, material changes” to its regulatory and financial conditions, Southern California Edison today filed a request with the Federal Energy Regulatory Commission (FERC) to include an adjustment for the company’s extraordinary wildfire risk in the authorized return on equity (ROE) for the portion of its business regulated by FERC. The company’s overall request for an ROE of 17.12%, plus incentives consistent with past years, also reflects the challenges it faces to help implement the state’s clean energy policies.
How's Sempra Energy Placed Compared to Its Peers?(Continued from Prior Part)Debt profileUtility companies generally have a large amount of debt on their books due to their heavy capital spending needs. At the end of the fourth quarter of 2018,
How's Sempra Energy Placed Compared to Its Peers?Sempra stock at an all-time high Sempra Energy (SRE) stock has shown a decent uptrend. Currently, the stock is trading at its all-time high. So far, the stock has risen more than 18% in 2019 and
Edison International (EIX) has been notified of an unsolicited mini-tender offer by TRC Capital Corporation (TRC) to purchase up to 2 million shares of Edison International common stock from the stockholders of Edison International, representing approximately 0.61 percent of the outstanding shares of Edison International common stock. TRC stated in the mini-tender offer that its offer price of $61.75 per share is approximately 4.54 percent lower than the $64.69 per share closing price of Edison International common stock on the New York Stock Exchange on March 22, 2019, the last trading day before the commencement of the offer.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Edison International (EIX) have what it takes? Let's find out.
Thirty high school seniors from the class of 2019 have been named Edison Scholars and will be awarded $1.2 million in scholarships to dream big and power the future through science, technology, engineering or math studies by Edison International, the parent company of Southern California Edison.
Utilities: How These Defensives Fared in March's Last Week(Continued from Prior Part)Analysts’ price targetsIn this article, we’ll discuss analysts’ views and price targets on relatively cheap utility stocks from a valuation perspective. Many
Utilities: How These Defensives Fared in March's Last Week(Continued from Prior Part)Valuation Utility stocks as a whole are trading at a forward PE multiple of ~18x, higher than their historical average. The unusual rally in these defensives has