|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's Range||168.47 - 170.58|
|52 Week Range||145.10 - 175.66|
|Beta (3Y Monthly)||-0.04|
|PE Ratio (TTM)||9.82|
|Earnings Date||Oct 23, 2018|
|Forward Dividend & Yield||4.44 (2.62%)|
|1y Target Est||180.41|
NextEra Energy (NEE), the biggest component in the Utilities Select Sector SPDR ETF (XLU), is currently trading at a forward PE multiple of 21x based on its estimated EPS for 2019. Its forward PE multiple is higher than its five-year historical average PE multiple of ~20x. Thus, the stock looks expensive considering its historical average as well as its 8% estimated earnings growth in 2019.
The sell-off in utilities (IDU) last week pulled them below their 50-day moving averages, which indicates a renewed weakness. The Utilities Select Sector SPDR ETF (XLU) is currently trading 1% below its 50-day moving average and 3% above its 200-day moving average. Its 200-day moving average of $51.22 will likely act as a support for XLU in the short term. XLU closed at $52.95 on October 12.
After a fairly positive start, utilities tumbled later last week and closed 1.3% lower. In comparison, the broader markets lost ~4% during the week. The sell-off last week pushed the S&P 500 to a three-month low after fresh trade war tensions weighed mainly on the technology and industrial sectors. The defensives such as utilities fared better as investors turned to safe-haven options, given their higher yields and stable price movements.
The major stock indexes took a pummeling last week over fears that interest rates are rising too quickly. Surprisingly, the utilities sector, which typically moves lower when interest rates rise due to higher funding costs, has outperformed the broader market in October 2018. While the Standard and Poor's 500 index (S&P 500) is down 5% so far this month, the Vanguard Utilities ETF ( VPU) – the poster child of U.S. utilities exchange-traded funds (ETFs) – is trading flat to slightly higher over the same period, and the ETF is up 6.14% over the past three months.
NEW YORK, Oct. 15, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
Investors should be prepared to minimize fluctuations in their portfolio and rebalance it with suitable financial assets to maintain stability.
JUNO BEACH, Fla. , Oct. 12, 2018 /PRNewswire/ -- NextEra Energy, Inc. (NYSE: NEE) today announced the appointment of Darryl L. Wilson to its board of directors. Mr. Wilson will serve on the board's audit ...
JUNO BEACH, Fla. , Oct. 12, 2018 /PRNewswire/ -- The board of directors of NextEra Energy, Inc. (NYSE: NEE) today declared a regular quarterly common stock dividend of $1 .11 per share. The dividend is ...
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does NextEra Energy (NEE) have what it takes? Let's find out.
NextEra Energy (NEE) and Dominion Energy (D) are among the fastest growing utilities. Both of the utilities aim to grow their earnings ~7% annually, while broader utilities are expected to grow ~4% for the next few years. Their superior earnings growth will likely fuel above-average dividend growth as well.
Despite the lower yield, NextEra Energy’s (NEE) dividend profile looks attractive, mainly due to its dividend growth. In the last five years, the company has increased its dividends more than 10% compounded annually. Utilities (XLU) at large increased their dividends ~4% compounded annually during the same period.
Utilities generally offer superior dividend yields compared to broader markets. Currently, utilities (XLU) yield ~3.5%, which is a yield premium of ~170 basis points over broader markets and just 20–30 basis points over ten-year Treasury yields. The yield premium to benchmark Treasury yields fell from ~150–200 basis points early this year. The recent strength in Treasury yields could be negative for utilities.
NextEra Energy Partners (NEP) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Currently, Southern Company (SO) stock offers an upside potential of 3.5% from its current level of $43.92. Analysts have given Southern Company a median target price of $45.44.
Southern Company (SO) significantly lagged its peers in terms of total returns in the past few years. In the last 12 months, Southern Company returned -7%. In the past five years, the company returned 6% compounded annually. Total returns consider stock appreciation and dividends paid in a particular period. In comparison, the Utilities Select Sector SPDR ETF (XLU) has returned 5% in the last 12 months and 12% in the last five years compounded annually. The SPDR S&P 500 returned 15% in the past five years.
NextEra Energy (NEE), the biggest constituent of the Utilities Select Sector SPDR ETF (XLU), has a potential upside of 4% based on analysts’ median target price of $178.9 and its current price of $172.4.
On October 5, the Utilities Select Sector SPDR ETF (XLU) witnessed an implied volatility of 22%—way higher than its 15-day average of 14%. Recently, the SPDR S&P 500’s implied volatility was beyond 11%. The implied volatility represents investors’ anxiety. An increase in the volatility is usually related to a fall in stock prices.
JUNO BEACH, Fla. , Oct. 9, 2018 /PRNewswire/ -- NextEra Energy Partners, LP (NYSE: NEP) today announced that it plans to report third-quarter 2018 financial results before the opening of the New York Stock ...
JUNO BEACH, Fla., Oct. 9, 2018 /PRNewswire/ -- NextEra Energy, Inc. (NEE) today announced that it plans to report third-quarter 2018 financial results before the opening of the New York Stock Exchange on Tuesday, Oct. 23, 2018, in a news release to be posted on the company's website at www.NextEraEnergy.com/Earnings. The company will issue an advisory news release over PR Newswire the morning of Oct. 23, with a link to the financial results news release on the company's website. The company will make available its financial results only on its website.