180.91 -0.33 (-0.18%)
After hours: 4:26PM EST
|Bid||181.00 x 800|
|Ask||185.00 x 800|
|Day's Range||179.90 - 182.45|
|52 Week Range||145.10 - 184.20|
|Beta (3Y Monthly)||-0.16|
|PE Ratio (TTM)||10.32|
|Earnings Date||Jan 24, 2019 - Jan 28, 2019|
|Forward Dividend & Yield||4.44 (2.45%)|
|1y Target Est||185.53|
In this part, we’ll discuss the valuations of the top-rallied utility stocks. Competitive utility AES (AES) stock is trading at a forward PE ratio of 12.0x based on analysts’ estimated EPS for 2019. In comparison, utilities’ average forward PE ratio is ~17x–18x. AES seems to be trading at a discounted valuation compared to its peers and its historical average.
The Utilities Select Sector SPDT ETF (XLU), the representative of the top utilities in the country, hit a new 52-week high of $57.11 on December 12. While broader markets continued to teeter, the otherwise boring utilities sector continued its uptrend in the last few months. Investors turned to defensives. Utility stocks have stable stock movements and higher dividend-paying capabilities. So far in 2018, utilities have risen more than 7%, while broader markets have fallen marginally.
Southern Company (SO) stock appears to be trading at a discount compared to its historical valuation and its peers. Southern Company is trading at a forward PE ratio of 15x based on the estimated EPS for 2019. Southern Company’s forward PE ratio is lower than its peers’ average forward PE ratio of 17x–18x. Southern Company’s five-year historical average PE ratio is also higher than its forward PE ratio. Peers’ valuation
The Utilities Select Sector SPDR ETF (XLU), which represents the S&P 500 Utilities, rose 1.6%, while the S&P 500 fell 4.4% last week. The slow and steady utilities, generally considered “widow-and-orphan” stocks, continued to outperform broader equities amid market uncertainty in the last few months. The arrest of Huawei CFO Meng Wanzhou in Canada last week stirred the market sentiment and pointed to increased concerns about China and US trade relations.
Utilities are the textbook example of safe income stocks, with their reliable income streams leading many to have increased their dividends every year for decades, asserts Chloe Lutts Jensen, income expert and editor of Cabot Dividend Investor.
HENDERSON, NV / ACCESSWIRE / December 10, 2018 / One way to invest in the growing cannabis market is through energy companies. Indoor growing systems, using fans and lights, sometimes operate 24 hours ...
Is NextEra Energy, Inc. (NYSE:NEE) a good bet right now? We like to analyze hedge fund sentiment before doing days of in-depth research. We do so because hedge funds and other elite investors have numerous Ivy league graduates, expert network advisers, and supply chain tipsters working or consulting for them. There is not a shortage […]
The following seven renewable energy stocks to buy will benefit from the publicity generated at the 2020 Olympic Games. Many people probably know NextEra because of its Florida Power and Light subsidiary that serves more than 5 million Floridians and is one of the largest rate-regulated electric utilities in the U.S.
NextEra Energy (NEE), the biggest utility by market cap ($87.0 billion), has seen its stock rise more than 16% year-to-date. Over the last few years, its better-than-expected earnings have driven its stock. The company’s earnings have grown more than 8% compounded annually in the last five years, while utilities overall have grown 4%.
The Utilities Select Sector SPDR ETF (XLU), which represents S&P 500 utilities, hit a 52-week high of $56.80 on December 4. Utilities are on a roll after broader markets were shaken by trade tensions over the last couple of months.
Analysts expect flattish movement from NextEra Energy (NEE) stock based on the median target price of $183.12 and its current price of $182.17. Analysts seem optimistic about NextEra Energy. On December 4, 78% of the analysts tracking NextEra Energy had a “buy” recommendation. None of the analysts had a “sell” recommendation on the stock. UBS raised NextEra Energy’s target price from $195.0 to $209.0 last week.
Utilities witnessed a solid uptrend mainly after the Fed delivered the third interest rate hike in 2018. Duke Energy (DUK) stock, one of the top gainers, has risen more than 15% during the same period. The stock hit a new 52-week high on December 4. Let’s take a look at where Duke Energy stock could go from the current levels. Duke Energy is trading at $90.0, which is almost 8% and 13% above its 50-day and 200-day moving average levels, respectively. The fair premium to both of the support levels highlights the strength in the stock. The levels close to $83.74 and $79. ...
Among the top utilities, NextEra Energy (NEE) is trading at a forward PE multiple of 22x based on analysts’ estimated EPS for the next year. NextEra Energy is one of the top-rallied stocks in 2018. The stock appears to be trading at a premium compared to its historical valuation and its peers. NextEra Energy’s five-year historical average valuation is ~20x. At the same time, peers’ average forward PE multiple is close to 17x.
Among the top utilities, Duke Energy (DUK), the second-biggest utility by market cap, stock beat its peers in November. The stock rose more than 8%, while NextEra Energy (NEE) stock rose 6%. Southern Company (SO) and Dominion Energy (D) gained 5% and 2%, respectively, in November. Utilities rose more than 2%. The SPDR S&P 500 ETF (SPY), an indicator of broader markets, rose marginally last month.
STOCKSTOWATCHTODAY BLOG Defensive stocks are having their day in the sun as the broader market plunges. Utilities stocks were bucking the downdraft Tuesday, with the leading utility exchange-traded fund hitting a new 52-week high.
JUNO BEACH, Fla. , Dec. 4, 2018 /PRNewswire/ -- NextEra Energy, Inc. (NYSE: NEE) has completed the previously announced acquisition of Southern Company's (NYSE: SO) indirect ownership interests in the ...
Last week, UBS raised its target prices for many utility stocks. NextEra Energy (NEE) stock has an estimated upside of 0.8% based on its median target price of $183.1 and its current market price of $181.7. UBS increased NextEra Energy’s target price from $195.0 to $209.0 last week.
The Utilities Select Sector SPDR ETF (XLU), a representative of the S&P 500 Utilities, gained 2.7%, while the S&P 500 rose almost 5% last week. Fewer interest rate hikes hinted by Fed Chairman Jerome Powell and a notable increase in technology shares pulled the markets up last week.
Two leading renewable energy partnerships, but one stands apart as the better investment.