|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||149.94 - 151.27|
|52 Week Range||117.91 - 159.40|
|PE Ratio (TTM)||16.90|
|Forward Dividend & Yield||3.93 (2.59%)|
|1y Target Est||N/A|
Renewables leader NextEra Energy (NEE) will report its 4Q17 and 2017 earnings on January 26, 2018. According to Wall Street analysts, NEE is expected to report total revenue of $4.1 billion for the quarter ended on December 31, 2017, compared to its revenue of $3.7 billion in the same quarter last year. The largest utility by market cap, NextEra Energy has been posting stronger earnings over the last several quarters.
While utilities have witnessed massive weakness in the last few weeks, one of the smallest components of the S&P 500 Utilities Index (XLU) has been gaining momentum—AES (AES). AES stock has managed to gain ~5% in the past month, while broader utilities have corrected more than 10% during the same period. It’s expected to provide little or no benefits to regulated utilities.
NextEra's (NEE) unit to utilize the Federal Tax Savings of $1.3 billion to recoup the Hurricane restoration expenses, and further pass the benefits by saving 4.9 million customers $3.35 each month.
The Utilities Select Sector SPDR ETF (XLU) continued its downward streak last week as well. It is currently trading in the oversold zone with its RSI (relative strength index) at 18. Its current RSI levels indicate that it might see a reversal in the near future.
Restoring electricity to its millions of customers after Hurricane Irma cost Florida Power & Light, the electric utility that serves more than half of the Sunshine State, a whopping $1.3 billion. FPL, a subsidiary of Palm Beach-based NextEra Energy Inc. (NEE), announced this week that it will apply its federal tax savings to prevent a surcharge of about $250 on each of its 4.9 million customers' monthly light bills. The surcharge was initially expected to continue to 2020 to cover service restoration expenses encountered by FPL after Irma.
Dominion Energy or Sempra Energy: Which Could Be Stronger? Dominion Energy stock is trading at an EV-to-EBITDA multiple of 14.2x—higher than its five-year historical average. Dominion Energy continues to look pricey compared to its peers and its historical average.
Allentown, Pennsylvania–based PPL Corporation (PPL) has a mean price target of $36.8 compared to its current market price of $31.4. PPL stock has seen tremendous weakness in the last few trading sessions. Volatile exchange rate movements caused by Brexit developments may have created the weakness in PPL stock.