|Bid||178.63 x 1000|
|Ask||178.60 x 1400|
|Day's Range||176.19 - 179.15|
|52 Week Range||145.10 - 184.20|
|Beta (3Y Monthly)||0.07|
|PE Ratio (TTM)||10.16|
|Earnings Date||Jan 25, 2019|
|Forward Dividend & Yield||4.44 (2.53%)|
|1y Target Est||186.63|
Consolidated Edison: Higher Dividend for 45th Consecutive Year(Continued from Prior Part)Dividend statisticsWall Street analysts expect an ~4% increase in Consolidated Edison’s (ED) dividend per share over the next few years. Broader utilities
NextEra is asking the Federal Energy Regulatory Commission to step in and rule by Friday that PG&E can’t “abrogate, amend or reject” any of the terms of its wholesale power-purchase agreements, the Juno Beach, Florida-based company said in an agency filing dated Jan. 18. “This is a warning shot by NextEra,” Katie Bays, a Washington-based analyst at Height Securities LLC, said in an interview Wednesday. NextEra is seeking to “use FERC as essentially a brick wall to prevent any negotiation” around the power-purchase agreements, Bays said.
Some South Florida companies are taking the world spotlight. Four companies headquartered in the tri-county area are among Fortune's 2019 list of the World's Most Admired Companies. Fortune collaborated with management consulting firm Korn Ferry to rank the largest 1,000 U.S. companies by revenue, along with non-U.S. companies from Fortune's Global 500 database with revenues of $10 billion or more.
Moody's Investors Service ("Moody's") today assigned a Ba2 rating to Carroll County Energy, LLC's (CCE or Borrower or Project) planned $530 million senior secured credit facilities consisting of a $460 million senior secured term loan B due 2026, and a $70 million senior secured revolving credit facility also due 2026. The Project owns a 700 MW natural gas-fired, combined-cycle generation plant called Carroll County Energy (Carroll County), which reached commercial operation in December 2017, and is based in Carroll County, OH.
NextEra (NEE) is likely to come up with a positive earnings surprise in Q4, owing to ongoing regulated investment and positive economic fundamentals in its service territories, in turn driving demand.
Utility stocks had a great 2018 ... for the most part. Yes, the Utilities Select Sector SPDR (XLU) broadly finished the year with a marginal gain. But mounting U.S. and global worries helped push the sector to a spectacular 20% run between the February lows and the mid-December highs. Heading into 2019, it looks as though utility stocks could be among the better performers this year, too, according to Goldman Sachs analysts. "For equity investors, risk is high and the margin of safety is low because stock valuations are elevated compared with history," Goldman Chief Equity Strategist David Kostin and team wrote in a Nov. 19 note to clients. "We forecast the S&P; 500 index will generate a modest single-digit absolute return in 2019." Although the bank believes cash is an excellent place to allocate some of your capital in the year ahead, when it comes to actual stock picks, utilities are high on its list - so much so that it raised the sector to "overweight." Why? Several analysts are predicting a slowdown in GDP growth in 2019, and historically, when that happens, utilities tend to outperform the markets as a whole, in part because the sector has traditionally had a low beta to the S&P; 500. Goldman also suggests that investors need to buy quality companies with stable earnings and revenues to prepare for the year ahead. Utilities fit that to a T, and typically deliver better-than-average dividend yield to boot. So with all that in mind, here are the 10 best utility stocks to buy for 2019. ### SEE ALSO: 101 Best Dividend Stocks to Buy for 2019 and Beyond
On Fortune's annual list, NextEra Energy ranked first in the electric and gas utilities industry and was recognized among the top 25 companies worldwide, across all industries, for innovation, use of corporate assets, social responsibility and long-term investment value. JUNO BEACH, Fla., Jan. 22, 2019 /PRNewswire/ -- NextEra Energy, Inc. (NEE) today announced its ranking on Fortune's 2019 list of the "World's Most Admired Companies," being named No. 1 in the electric and gas utilities industry for the 12th time in 13 years. NextEra Energy, whose principal businesses are Florida Power & Light Company (FPL), Gulf Power Company and NextEra Energy Resources, LLC, was also recognized among the top 25 companies worldwide, across all industries, for innovation, use of corporate assets, social responsibility and long-term investment value.
What Could Drive NextEra Energy’s Q4 Earnings?(Continued from Prior Part)Analysts’ recommendations Analysts expect a potential upside of 6.5% from NextEra Energy (NEE) stock based on the target price of $186.9 and its current price of $175.4.
What Could Drive NextEra Energy’s Q4 Earnings?(Continued from Prior Part)Chart indicatorsNextEra Energy (NEE), one of the top-rallied stocks among the biggest utilities, is trading 4% above its 200-day moving average. The level at $169.5 seems to
What Could Drive NextEra Energy’s Q4 Earnings?(Continued from Prior Part)Earnings NextEra Energy (NEE) is expected to report an EPS of $1.54 for the quarter ending December 31. The company’s EPS indicates 23% YoY growth compared to its EPS
NextEra (NEE) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
What Could Drive NextEra Energy’s Q4 Earnings?NextEra Energy’s earningsNextEra Energy (NEE), the biggest utility by market cap, is scheduled to report its fourth-quarter and fiscal 2018 earnings on January 25. According to analysts’
Florida Power & Light Co. aims to become the largest producer of solar energy among electric companies in America.
Analyzing Southern Company’s Key Indicators(Continued from Prior Part)Analysts’ recommendationsBased on analysts’ estimates, Southern Company (SO) stock has a median target price of $46.4, which indicates an estimated downside of 1% for the
Analyzing Southern Company’s Key Indicators(Continued from Prior Part)Dividend profileSouthern Company (SO), the third-largest utility by market capitalization, is trading at a dividend yield of 5.1%—notably higher than broader utilities’
Analyzing Southern Company’s Key Indicators(Continued from Prior Part)Valuation Southern Company (SO) stock is trading at a forward PE ratio of 15x based on analysts’ EPS for 2019. The company appears to be trading at a discounted valuation
A Look at Utility Stocks with Robust Potential Upsides(Continued from Prior Part)Dominion EnergyDominion Energy (D) stock offers an upside potential of more than 11% based on analysts’ median target price of $75.8 for the next 12 months. It’s
# NextEra Energy Inc ### NYSE:NEE View full report here! ## Summary * Perception of the company's creditworthiness is negative * Bearish sentiment is low * Economic output in this company's sector is contracting ## Bearish sentiment Short interest | Positive Short interest is extremely low for NEE with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting NEE. ## Money flow ETF/Index ownership | Neutral ETF activity is neutral. The net inflows of $11.11 billion over the last one-month into ETFs that hold NEE are not among the highest of the last year and have been slowing. ## Economic sentiment PMI by IHS Markit There is no PMI sector data available for this security. ## Credit worthiness Credit default swap | Negative The current level displays a negative indicator. NEE credit default swap spreads are near their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness. Please send all inquiries related to the report to firstname.lastname@example.org. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
The Zacks Analyst Blog Highlights: ALLETE, Pinnacle West, CenterPoint, NextEra and American Water
Wildfires caused by PG&E Corporation (NYSE:PCG) appear to now consume PCG stock. This utility finds itself in trouble as its negligence led to numerous wildfires across northern California. As a result, PCG stock is now in freefall. In its descent, PCG has exhibited the one trait one never wants to see in a utility stock -- instability. ### RIP PCG Stock I usually think "opportunity" when I hear about instability in most stocks. I often see a scandal or a setback in an equity and think "buying opportunity." Events such as a big earnings miss, an unexpected CEO departure, a sex scandal, or the like often hit companies. Stockholders often react overreact to such occurrences, selling off a stock much more than the ensuing event justifies. InvestorPlace - Stock Market News, Stock Advice & Trading Tips The lows of the financial crisis serve as a great example. Investors who bought into the S&P 500 near its March 2009 low of 611 benefited from huge profits once the negative feelings abated. Not this time. * 7 Stocks to Buy as the Dollar Weakens PCG stock lost more than 40% of its value on Monday. After Monday, the freefall continued. Since early October, Pacific Gas & Electric stock has lost more than 85% of its value. Negligence by PG&E over poorly maintained power lines sparked wildfires causing billions in property damage. Sadly, many also perished in these fires. This will not go away with a few million in payoffs or a better earnings report in the next quarter. Given the magnitude of the financial damages PCG stock faces, bankruptcy remains its only viable option. As of this writing, PCG trades in the single digits and continues to fall. Another shoe dropped as the S&P Dow Jones Indices announced Teleflex (NYSE:TFX) would replace PCG stock in the S&P 500 on Jan. 18. ### Utility Stocks Require a Different Investor Mindset The issues go well beyond mere company negligence. The company also violated a rarely discussed assumption. PCG stock represents a utility. Nobody invests $5,000 in a utility in hopes of finding the next Amazon (NASDAQ:AMZN) and getting rich. Investors buy a utility stock to benefit from a stable, slow-growth equity that yields dividend income. More than that, investors expect these companies to define stability. These firms rarely face competition when they own the infrastructure. Their profit growth tends to mirror household formation increases and inflation. These firms often generate healthy dividends, but little else in the way of news. Peers such as NextEra Energy (NYSE:NEE), Duke Energy (NYSE:DUK) and Southern Company (NYSE:SO) quietly keep the power on, collect profits and pay dividends. If anything displaces a utility, one expects it would entail a technological shift such as the solar roof from Tesla (NASDAQ:TSLA). Few expect widespread negligence to take such a company down. However, PCG has become the exception. Looking back, the 2000 film Erin Brockovich should have served as a clue of the chronic issues that persist with PG&E. The negligence that caused the lawsuit discussed in that movie did nothing to change the company. As a result, PG&E faces another bankruptcy. Now, investors have to rethink whether the Warren Buffett mantra of "buy when there's blood in the streets" (or in California's case, when there's fire) should apply to utilities. * Top 10 Global Stock Ideas for 2019 From RBC Capital ### Final Thoughts on PCG Stock Due to its negligence, Pacific Gas & Electric reminded us that the instability we might tolerate from most equities has no place in a utility stock like PCG. More often than not, mistakes or unexpected setbacks create buying opportunities in stocks. However, with the essential role utilities play, instability can easily destroy such a company. This has become the case with PCG stock. Now, bankruptcy has become the company's only option. Bottom line, utilities should draw little attention. PCG stock broke that cardinal rule in the most outrageous manner imaginable. Now, bankruptcy courts will decide the fate of PG&E. It goes without saying that those who own this equity should get out before its lights out. More importantly, it reminds us that utility stocks should generate dividends, not attention. As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * Top 10 Global Stock Ideas for 2019 From RBC Capital * 10 A-Rated Stocks the Smart Money Is Piling Into * 5 Best Bank ETFs for This Week's Earnings Avalanche Compare Brokers The post The Fate of PG&E Stock Reminds Us to Treat Utilities Differently appeared first on InvestorPlace.
JUNO BEACH, Fla., Jan. 16, 2019 /PRNewswire/ -- Florida Power & Light Company (FPL), already a leader in solar energy, today announced a groundbreaking "30-by-30" plan to install more than 30 million solar panels by 2030 and make the state of Florida a world leader in the production of solar energy. FPL has secured solar sites throughout the state, which will enable the company to continue to cost effectively build solar energy centers across Florida.