|Bid||154.72 x 100|
|Ask||0.00 x 800|
|Day's Range||178.54 - 183.65|
|52 Week Range||145.10 - 183.65|
|Beta (3Y Monthly)||-0.17|
|PE Ratio (TTM)||10.17|
|Earnings Date||Jan 24, 2019 - Jan 28, 2019|
|Forward Dividend & Yield||4.44 (2.46%)|
|1y Target Est||181.76|
HENDERSON, NV / ACCESSWIRE / November 20, 2018 / Amid all the doom and gloom, there's one indicator that is pointing to a rally in the short term. The National Association of Active Investment Managers ...
NextEra Energy (NEE), the biggest constituent of the Utilities ETF (XLU), is trading at a forward PE ratio of 22x based on its projected earnings for 2019. NextEra Energy’s five-year historical average PE ratio is close to 20x. NextEra Energy stock seems to be trading at a premium compared to its historical average valuation. The peer average forward PE ratio is lower than NextEra Energy’s forward PE ratio. NextEra Energy appears to be expensive compared to its peers. The stock has rallied more than 15% in 2018—one of the highest rallies among top utilities.
AES (AES), one of the smallest elements of the Utilities ETF (XLU), has rallied 43% in 2018. Analysts expect a potential upside of 1.7% in AES for the next 12 months. Among the ten analysts tracking AES, four recommended a “buy” for the stock, while five recommended a “hold.” One analyst has recommended a “sell” as of November 19.
The company's underwater transmission cable system extends from Pittsburg, California to San Francisco.
In 2017, natural gas accounted for 32% of the US electricity generation by energy sources, based on the EIA data. In the previous part, we discussed the rise in natural gas usage in the electric power sector.
Utility stocks continued to trade strongly compared to broader markets last week. The Utilities Select Sector SPDR ETF (XLU) rose marginally, while broader markets fell 1.5% for the week ending November 16. So far in 2018, utilities have risen more than 5%, while the S&P 500 has risen ~2%.
JUNO BEACH, Fla., Nov. 19, 2018 /PRNewswire/ -- NextEra Energy Transmission, LLC, a subsidiary of NextEra Energy, Inc. (NEE), today announced it has entered into definitive agreements with SteelRiver Infrastructure Fund North America and its partners to acquire Trans Bay Cable, LLC (TBC) for approximately $1 billion, including the assumption of debt. The transaction is expected to be immediately accretive to earnings upon closing and is consistent with NextEra Energy's focus on making rate-regulated and long-term contracted investments. "The Trans Bay Cable provides meaningful benefits to residents of the Bay Area by providing access to safe, reliable and cost-effective electric transmission service," said Jim Robo, chairman and chief executive officer of NextEra Energy.
NextEra Energy (NEE) has rallied the most among its peer stocks this year. The Vanguard Group is the largest institutional investor in the renewables titan. It added net ~0.8 million shares of NEE to its existing holdings in the third quarter. According to its latest filing, Vanguard Group held 41.2 million or 8.6% of NEE’s total outstanding shares on September 30. In the second quarter, Vanguard held 40.4 million total NEE shares.
NextEra Energy (NEE) is gaining from improving economy, which in turn is driving demand and customer count. Moreover, its $40-$44B investment plan will strengthen infrastructure and profitability.
JUNO BEACH, Fla. , Nov. 15, 2018 /PRNewswire/ -- NextEra Energy Partners, LP (NYSE: NEP) today announced that members of the senior management team will meet with investors through early December. At the ...
In this part, we’ll discuss the top utilities’ (XLU) target prices and analysts’ views. Top utility stock NextEra Energy (NEE) has an estimated upside of ~3% based on its median target price of $181.47 and its current price of $176.56. Morgan Stanley raised NextEra Energy’s target from $184.0 to $185.0 on November 9.
Utilities continued to trade strong and outperformed broader markets last week. The representative of the S&P 500 Utilities Index, the Utilities Select Sector SPDR ETF (XLU) rose 3.2%, while the S&P 500 gained more than 2% for the week ending November 9. Investors turned to relatively safer utilities amid broader market volatility. So far in 2018, utilities at large have risen more than 5%—marginally above broader markets.
Renewable energy from wind and solar went from impossibly expensive to nearly 10% of American electricity in less than 20 years. What's ahead may be even more astounding.
OGE Energy's (OGE) total sales in the third quarter amounts to 8.5 million megawatt-hours (MWh), up from 8.1 million MWh in the prior-year quarter.
JUNO BEACH, Fla. , Nov. 9, 2018 /PRNewswire/ -- NextEra Energy, Inc. (NYSE: NEE) and NextEra Energy Partners, LP (NYSE: NEP) today announced that members of the senior management team will participate ...
CenterPoint Energy's (CNP) operating income declines 23.1% to $226 million in the third quarter from $297 million in the year-ago quarter.
Yes, you can find legal monopolies offering 10%-plus dividend growth...here are two to get you started.