171.57 0.00 (0.00%)
After hours: 5:15PM EDT
|Bid||0.00 x 1100|
|Ask||172.90 x 800|
|Day's Range||170.52 - 172.09|
|52 Week Range||145.10 - 175.66|
|Beta (3Y Monthly)||-0.04|
|PE Ratio (TTM)||9.93|
|Earnings Date||Oct 23, 2018|
|Forward Dividend & Yield||4.44 (2.60%)|
|1y Target Est||180.47|
Top utility stock NextEra Energy (NEE) has an estimated stock upside of 5.0% based on the median target price of $180.41 and its current price of $171.80. Of the 18 analysts covering NextEra Energy, five recommended a “strong buy,” nine recommended a “buy,” and four recommended a “hold.” There were no “sell” recommendations on October 17. The chart below shows how analysts’ views on NextEra Energy stock have changed since May.
NextEra Energy (NEE) stock is trading at a forward PE (price-to-earnings) multiple of ~21.0x based on its expected EPS for 2019. Its forward PE multiple is higher than its five-year historical average PE valuation of ~20.0x. Utilities typically trade at an average forward PE multiple of ~16.0x. So, NEE stock looks expensive given its historical valuation and its 8.0% estimated earnings growth for 2019.
As the largest utility by market capitalization, NextEra Energy (NEE) is slated to report its third-quarter results on October 23. Analysts expect NEE to report EPS of $2.13. The company reported EPS of $1.85 in the third quarter of 2017, which indicates earnings growth of ~15.0% year-over-year.
Xcel Energy (XEL) is scheduled to report its third-quarter earnings on October 25. Analysts expect Xcel Energy to report an EPS of $0.98 for the quarter ending on September 30. After posting strong earnings in the second quarter, Xcel Energy’s management raised its EPS guidance range from $2.37–$2.47 to $2.41–$2.51.
On October 15, the implied volatility of AES Corporation (AES) stock was 25%, which was higher than its 15-day average volatility of 21%. AES’s average implied volatility in the last few weeks was way higher than that of broader utilities and broader markets. Implied volatility represents investor anxiety. An increase in implied volatility is generally associated with a fall in the stock and vice versa.
The broader markets recently witnessed a significant surge in volatility levels. On October 12, implied volatility in the S&P 500 was ~17%, which is much higher than its 15-day average. In comparison, utilities (XLU) on average saw an implied volatility of 17%. Implied volatility represents investor unease. A rising volatility is generally related to a fall in stock prices.
NextEra Energy Partners (NEP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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.