|Bid||0.00 x 1400|
|Ask||0.00 x 800|
|Day's Range||39.13 - 40.09|
|52 Week Range||23.75 - 40.38|
|Beta (3Y Monthly)||1.13|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 31, 2018 - Nov 5, 2018|
|Forward Dividend & Yield||0.12 (0.31%)|
|1y Target Est||42.61|
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.
Activist investor John Wilder left NRG Inc.’s (NYSE: NRG) board of directors Nov. 8, opting not to name a replacement representative. NRG’s agreement with Wilder’s company, Dallas-based Bluescape Energy Partners LLC, is still in effect until the end of the year, according to an NRG spokesman. NRG is a power company based in Houston and Princeton, New Jersey. Bluescape still holds a little more than 9 million shares of NRG stock, according to a filing with the U.S. Securities and Exchange Commission. Wilder is happy with the direction of the company and will remain a long-term shareholder, he said in an NRG press release.
NRG (NRG) delivered earnings and revenue surprises of -16.07% and 3.41%, respectively, for the quarter ended September 2018. Do the numbers hold clues to what lies ahead for the stock?
The Sustainability Accounting Standards Board aims to bring the same consistency of measuring and reporting data investors rely on from financial information to environmental, social, and governance factors.
The Princeton, New Jersey-based company said it had a loss of 24 cents per share. Earnings, adjusted to account for discontinued operations, were 94 cents per share. The power company posted revenue of ...
PRINCETON, N.J.-- -- Closed on sale of NRG’s interest in NRG Yield and the Renewables Platform for $1.348 billion 1 Executing on second $500 million share repurchase commitment, totaling $1 billion in 2018 Announcing an additional $500 million share repurchase authorization Redeemed $485 million balance of 2022 senior notes and prepaid $155 million of Term Loans, achieving corporate debt reduction ...
Democrats didn’t get the blue wave they hoped for Tuesday, but they picked up enough votes to take the majority in the House of Representatives, with Republicans maintaining control of the Senate. A Democratic House could provide some resistance to President Donald Trump’s trade war tariffs on China. The potential for Democrats to pressure Trump to back down on China is theoretically good news for U.S. companies that rely on Chinese supply and demand.
Each American voter has Congressional seats, local government positions and ballot propositions to consider Tuesday. For investors looking at the big picture of the midterm elections, Height Capital Markets ...
In this part of the series, we’ll compare the volatilities of utilities against the broader markets. Last week, the S&P 500 had an implied volatility of ~20%, which was higher than the 15-day average. In comparison, slow-and-steady utilities had an implied volatility of 17%. Implied volatility represents investor unease. A rising volatility is generally related to falling stock prices.
NEW YORK, Oct. 24, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
Let’s take a look at the valuations of some of the top-rallying utility stocks in 2018. AES Corporation (AES), one of the smallest constituents of the Utilities Select Sector SPDR ETF (XLU), has surged more than 38% so far this year, beating its peers by a huge margin. AES is currently trading at a forward PE multiple of 11.5x based on its estimated EPS for 2019.
Wall Street analysts have given NRG Energy (NRG) stock a median target price of $41.72, which implies an upside potential of 13% from its current price of $36.86 over the next 12 months.
So far, NRG Energy (NRG) stock has seen total returns of ~28% in 2018. In comparison, the Utilities Select Sector SPDR ETF (XLU) has returned 3% during the same period. NRG Energy’s epic ascent has continued in 2018. The stock doubled last year and managed to maintain its strength. NRG Energy stock has risen ~27% in 2018.
Currently, NRG Energy (NRG) stock is trading at a forward PE multiple of 10x based on its estimated EPS in 2019. In comparison, peers’ average forward PE multiple is close to 13x. NRG Energy stock looks attractively valued considering its lower forward PE multiple compared to peers’ average. Also, NRG Energy seems to be trading at an alluring valuation given the company’s estimated EPS growth of ~19% for 2019.
NRG Energy (NRG), one of the most rallied stocks among S&P 500 Utilities (XLU), continues to look strong based on its simple moving average levels. Currently, NRG Energy is trading at $36.86—almost 4% and 16% above its 50-day and 200-day moving averages, respectively. The large premium to both of the support levels indicates strength in the stock. The moving average levels around $35.50 and $31.72 are expected to act as a support for NRG Energy stock in the short term.
NRG Energy, Inc. (NRG) announces the availability of Renewable Select, simplifying the renewables procurement process and making it easier for businesses to choose renewable energy. The plan transforms the lengthy and complex traditional energy procurement process into a cost competitive, easy to execute transaction. Today’s customers demand renewable energy at grid parity to meet their fiscal requirements while achieving their sustainability goals.
NRG Energy, Inc. plans to report its Third Quarter 2018 financial results on Thursday, November 8, 2018. Management will present the results during a conference call and webcast at 9:00 a.m.
NRG Energy, Inc. today announced that its Board of Directors declared a quarterly dividend on the Company’s common stock of $0.03 per share, or $0.12 per share on an annualized basis.
Is There Any Steam Left in AES Stock after Such a Steep Rally? According to the analyst consensus, AES (AES) has a median target price of $14.22 compared to its current market price of $14.84, which indicates a downside of more than 4% for the next 12 months. SCANA (SCG) has a median price target of $39.50, which implies an upside of 2% for the next year.
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.
AES (AES) significantly outperformed peers in terms of total returns this year. Including dividends, it returned 41% against broader utilities’ average total return of just 3%. AES’s steep stock rally majorly contributed to its outperformance. Broader markets have returned 4% so far this year.