|Bid||51.81 x 900|
|Ask||52.10 x 1800|
|Day's Range||51.90 - 52.44|
|52 Week Range||42.42 - 52.98|
|Beta (3Y Monthly)||0.30|
|PE Ratio (TTM)||23.94|
|Earnings Date||May 1, 2019|
|Forward Dividend & Yield||2.40 (4.64%)|
|1y Target Est||50.84|
The Georgia Power board elected a replacement for executive vice president, chief financial officer and treasurer, effective immediately.
Houston-based CenterPoint Energy Inc. (NYSE: CNP) has found its next executive vice president and CFO. Xia Liu steps into the roles on April 22, according to a press release. Liu has been with The Southern Co. (NYSE: SO), based in Atlanta, and its subsidiaries for the past 20 years, per the release. Most recently, she served as executive vice president, CFO and treasurer of Georgia Power Co. in Atlanta.
ATLANTA, April 18, 2019 /PRNewswire/ -- Southern Power, a leading U.S. wholesale energy provider and subsidiary of Southern Company, today announced that it has entered into an agreement to sell the Nacogdoches Generating Facility to Austin Energy for $460 million. Southern Power began commercial operation of the Nacogdoches Generating Facility in Sacul, Texas, in 2012. "The Nacogdoches Generating Facility is one of the largest wood-fired biomass plants in the United States and has been a part of Southern Power's generation fleet since 2012, demonstrating strong operating performance," said Southern Power President and CEO, Mark Lantrip.
ATLANTA, April 18, 2019 /PRNewswire/ -- Georgia Power's Board of Directors has elected David Poroch as executive vice president, chief financial officer and treasurer, effective immediately. In his new role, Poroch will be responsible for overseeing the company's accounting and financial functions. "David's extensive knowledge about the energy industry and financial services from inside and outside of the Southern Company system will be an asset to our leadership team at Georgia Power," said Paul Bowers, chairman, president and CEO of Georgia Power.
ATLANTA, April 18, 2019 /PRNewswire/ -- Georgia Power continues to make progress towards the closure of seven ash ponds at Plant Yates with the dewatering process scheduled to begin in mid-May. Dewatering marks a significant step towards completing the closure process, and Georgia Power's ash pond closure plan for Plant Yates is specifically designed for the site to help ensure water quality is protected every step of the way. "As we begin the dewatering process at Plant Yates, we are pleased with the progress we have made on our ash pond closure process throughout the state at all of our plants," said Dr. Mark Berry, vice president of Environmental & Natural Resources for Georgia Power.
How Are Utility Stocks Placed for the Future?(Continued from Prior Part)Implied volatility On April 12, the Utilities Select Sector SPDR (XLU) witnessed an implied volatility of 11%, which was marginally lower than its 15-day average. Recently,
Southern Company: Analyzing Its Dividends(Continued from Prior Part)Analysts’ target prices Among the 18 analysts tracking Southern Company, 11 recommended a “hold,” two recommended a “buy,” one recommended a “strong sell,” and four
Southern Company: Analyzing Its Dividends(Continued from Prior Part)Total returns Southern Company’s (SO) superior yield and long dividend history wane when it comes to total returns. Southern Company has drastically lagged its peers in terms of
Southern Company: Analyzing Its Dividends(Continued from Prior Part)Chart indicatorsSouthern Company (SO) stock has shown an impressive rally in the last few months. The stock hit a new 52-week high of $52.8 on April 15. Southern Company has risen
How Are Utility Stocks Placed for the Future?(Continued from Prior Part)Moving averagesUtility stocks (VPU) seemed to have slowed down after hitting multiyear highs last month. The Utilities Select Sector SPDR ETF (XLU), the representative of top
Southern Company: Analyzing Its DividendsSouthern Company’s dividendSouthern Company (SO) declared a quarterly dividend of $0.62 per share, which implies an annualized dividend of $2.48 per share. The dividend increased 3.3% compared to its
How Are Utility Stocks Placed for the Future?Utility stocks seem tepidLast week, utility stocks continued to underperform broader markets for the third consecutive week. The Utilities Select Sector SPDR ETF (XLU) rose 0.2%, while the S&P 500
Southern Company (SO) is riding high on its strategic strides, splendid earnings surprise record and impressive dividend payouts.
ATLANTA, April 15, 2019 /PRNewswire/ -- Southern Company announced today it is increasing its dividend by 8 cents per share on an annualized basis to a rate of $2.48 per share. This marks the 18th consecutive year that Southern Company has raised the dividend on its common stock. Southern Company also announced today a regular quarterly dividend – including the increase of 2 cents per share over the prior quarter – of 62 cents per share, payable June 6, 2019, to shareholders of record as of May 20, 2019.
ATLANTA, April 15, 2019 /PRNewswire/ -- Georgia Power has elected Thomas "Tommy" M. Holder to the company's board of directors, effective May 1, 2019. Holder is chairman and CEO of Atlanta-based Holder Construction Company. Holder Construction is a national commercial construction services firm that consistently ranks as one of the Nation's Top 100 Contractors and has one of the largest teams of general contractors, construction managers and design-builders in the United States.
One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. To keep the lesson grounded in...
How's Sempra Energy Placed Compared to Its Peers?(Continued from Prior Part)Dividend yieldCurrently, Sempra Energy (SRE) stock offers a dividend yield of 3%, which is in line with the industry average. The company’s five-year historical average
BIRMINGHAM, Ala. , April 10, 2019 /PRNewswire/ -- The board of directors of Alabama Power Company has declared the regular quarterly dividends on the company's outstanding preferred stock as follows: Preferred ...
Why Did Utilities Fall for the Second Consecutive Week?(Continued from Prior Part)Analysts’ target prices Let’s take a look at the target prices for the top utility gainers in 2019. Southern Company (SO) stock offers an estimated downside of
Why Did Utilities Fall for the Second Consecutive Week?(Continued from Prior Part)Implied volatilityOn April 5, the Utilities Select Sector SPDR (XLU) had an implied volatility of 11%, which is marginally lower than its 15-day average. In
Why Did Utilities Fall for the Second Consecutive Week?(Continued from Prior Part)ValuationMany top utility stocks are trading at a decade high. They’re trading more than 17x their forward earnings and higher than their historical average
Thomas Fanning bought 1325 Monte Carlo Drive in Atlanta's prestigious 30327 ZIP code on March 29, according to property records.
Why Did Utilities Fall for the Second Consecutive Week?(Continued from Prior Part)Top gains in 2019 Now, we’ll discuss the top utility gainers this year. AES (AES) stock tops the list with more than a 27% gain year-to-date. The company’s earnings
Why Did Utilities Fall for the Second Consecutive Week?(Continued from Prior Part)Chart indicatorsRecently, utility stocks’ momentum seemed to be slowing down. Their all-time high levels could have acted as resistance. The Utilities Select Sector