|Bid||39.75 x 800|
|Ask||39.76 x 1200|
|Day's Range||39.04 - 39.90|
|52 Week Range||32.63 - 43.66|
|Beta (3Y Monthly)||0.79|
|PE Ratio (TTM)||10.45|
|Earnings Date||Nov 7, 2019|
|Forward Dividend & Yield||0.12 (0.31%)|
|1y Target Est||48.11|
The firms behind one of downtown Houston’s largest mixed-use office and retail developments have secured a $140 million refinancing.
The Zacks Analyst Blog Highlights: NRG Energy, Spark Energy, Atmos Energy, Alliant Energy and Black Hills
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of NRG Energy, Inc. New York, November 06, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of NRG Energy, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
CFRA analyst Sam Stovall downgraded his view of the S&P 500 utilities subsector to underweight from market weight on Monday, after a run up over several months sparked by investor uncertainty and the hunt for yield. "The sector currently trades at a 37% premium to its average P/E on next-12-month (NTM) EPS estimates since 2000," Stovall wrote in a note to clients. "In addition, it currently trades at a 13% premium to the S&P 500's NTM average P/E versus its normal 7% discount." The group also has a lower-than-average number of constituents with a favorable rating, he wrote, while technically, its relative strength has started to deteriorate versus the overall index. The subsector's component stocks were mostly lower, with 25 decliners compared with 3 gainers. CMS Energy led the decliners and was last down 2.4%, followed by NextEra Energy Inc. down 2.0% and Xcel Energy Inc. down 2.0%. NRG Energy was the biggest gainer, up 0.4%. The S&P 500 was up 0.4%.
While trade-sensitive tech stocks will gain as phase-one negotiation is progressing well, rate cut hopes will drive capital intensive utility stocks.