53.97 0.00 (0.00%)
After hours: 5:00PM EDT
|Bid||53.95 x 800|
|Ask||53.96 x 1800|
|Day's Range||53.85 - 54.44|
|52 Week Range||42.50 - 54.44|
|Beta (3Y Monthly)||0.31|
|PE Ratio (TTM)||16.53|
|Forward Dividend & Yield||2.48 (4.66%)|
|1y Target Est||N/A|
Utilities: Analyzing Movers and Shakers Last Week(Continued from Prior Part)Chart indicatorsCurrently, the Utilities Select Sector SPDR ETF (XLU) is trading at $58.8, which is more than 1% and 6% above its 50-day and 200-day moving average levels,
With its first-quarter earnings, utility Southern gave an update on the Vogtle nuclear build. That was more interesting than the earnings numbers.
U.S. equities are rebounding on Wednesday thanks to another positive headline out of the President Donald Trump Administration. Specifically, it sounds like a decision on possible tariffs on auto imports from Europe will be delayed. Ostensibly, this is to clear the way to concentrate on the standoff with China and give the markets enough good news to keep prices stable.So far, it appears to be working. The Dow Jones Industrial Average is rebounding back above its 200-day moving average, the third day of testing this critical support level, and looks set for a challenge of overhead resistance near the 26,000 level. The tech-heavy Nasdaq Composite looks even better, attempting to climb back above the 50-day moving average thanks to big gains in the likes of Facebook (NASDAQ:FB) and Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL). * 10 Retirement Stocks That Won't Wilt in a Bear Market But its the income-oriented stocks that are catching my eye as investors pile into defensive names on the expectation that we've yet to see the last of this latest bout of volatility. Here are four names to watch:InvestorPlace - Stock Market News, Stock Advice & Trading Tips Utility Stocks to Buy: American Electric Power (AEP)Shares of American Electric Power (NYSE:AEP) are pushing up and out of a three-month consolidation range as it continues a steady long-term uptrend that goes back to the 2009 bear market low. Two days ago, as the Dow plunged below its 200-day moving average for the first time in months, AEP stock was pushing to a new record high.Shares carry a 3.1% dividend yield. The company is scheduled to next report results on July 24 before the bell. Analysts are looking for earnings of $1 per share on revenues of $4.1 billion. When the company last reported on April 25, earnings of $1.19 per share beat estimates by eight cents on a 2.5% rise in revenues. Aqua America (WTR)Shares of water utility Aqua America (NYSE:WTR) have also been flirting with new highs in recent days, jumping up and over resistance that's been in play since late 2017. The company, based in Pennsylvania, pays a 2.2% dividend yield. Analysts at Coker Palmer recently defended the name after soft quarterly results, noting it was more about timing discrepancies than softness in the underlying business. * 6 Trade War Stocks With a Lot of Risk The company is scheduled to next report results on Aug. 1 after the close. Analysts are looking for earnings of 39 cents per share on revenues of $226.9 million. When the company last reported on May 2, earnings of 28 cents per share missed estimates by two cents on a 3.5% rise in revenues. Consolidated Edison (ED)Like the other names presented here, Consolidated Edison (NYSE:ED) shares are using the current market volatility to push to new record highs, jumping over resistance from prior highs set in late 2017 as it exits a three-month consolidation range. The stock pays a 3.5% dividend yield. Analysts at Bank of America Merrill Lynch recently upgraded shares to "buy," and set a $94-a-share price target.The company will next report results on Aug. 1 after the close. Analysts are looking for earnings of 61 cents per share on revenues of $2.8 billion. When the company last reported on May 2, earnings of $1.39 beat estimates by three cents on $3.4 billion in revenues. Southern Company (SO)Shares of power utility Southern Company (NYSE:SO) are also pushing to new highs this week, breaking up and out of a three-month consolidation range. This caps a near-30% rise off of its late December low, breaking free of a sideways channel that went back to 2016. Evercore ISI analysts recently upgraded the stock, which carries a dividend yield of 4.6%. * 7 Dividend Stocks to Buy as the Trade War Reignites The company will next report results on Aug. 7 before the bell. Analysts are looking for earnings of 71 cents per share on revenues of $5.1 billion. When the company last reported on May 1, earnings of 70 cents per share missed estimates by two cents on a 15.1% decline in revenues.As of this writing, William Roth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 10 Retirement Stocks That Won't Wilt in a Bear Market * 5 Consumer Stocks Ready to Push Higher * 3 of the Best ETFs to Buy for a Play on Gold Stocks Compare Brokers The post 4 Dividend-Focused Utilities Pushing Higher appeared first on InvestorPlace.
While investment strategies differ with specific portfolio targets, all investors should identify a few of the best long-term dividend stocks to build the core of their investment portfolio strategy, suggests Ned Piplovic, income expert and editor of DividendInvestor.
Investors flocked to the safe-haven sector as the trade war escalated. Profit from the "risk-off" move using these trading tactics.
Investors Flock to Utilities amid Trade War TensionsUtilities back in focusThe increasing severity of the trade war pulled broader markets down ~2.5% yesterday. The “widow-and-orphan” utilities sector stood firm throughout the day and rose over
How Utilities Fared amid Broader Market Swings Last Week(Continued from Prior Part)ValuationAlmost all the top utility stocks have showed a decent rally in the last few months. They are trading more than 17 times their forward earnings, higher than
How Utilities Fared amid Broader Market Swings Last Week(Continued from Prior Part)Moving averagesThe Utilities Select Sector SPDR ETF (XLU) is currently trading at ~$58.0, marginally above its 50-day and 5% above its 200-day simple moving average
Atlanta Mayor Keisha Lance Bottoms is asking the city council to approve $677.6 million in general fund spending during fiscal 2020. The proposed budget, which would take effect July 1, would increase spending by $10.3 million over the fiscal 2019 budget Bottoms proposed a year ago and is $16.3 million above the spending plan council members adopted last June. In her budget message to the council, dated May 3, the mayor vowed to continue prioritizing investments in public safety, infrastructure, parks and affordable housing.
Southern Co NYSE:SOView full report here! Summary * Perception of the company's creditworthiness is positive * ETFs holding this stock are seeing positive inflows but are weakening * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is extremely low for SO with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting SO. Money flowETF/Index ownership | NegativeETF activity is negative and may be weakening. The net inflows of $2.97 billion over the last one-month into ETFs that hold SO are among the lowest of the last year and appear to be slowing. Economic sentimentPMI by IHS MarkitThere is no PMI sector data available for this security. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator. SO credit default swap spreads are near the lowest level of the last three years and indicate the market's continued positive perception of the company's credit worthiness.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
How Utility Stocks Fared Last Week(Continued from Prior Part)Analysts’ price targetsSouthern Company (SO) stock received a flurry of target price increases last week. UBS raised SO’s target price from $54 to $56, JPMorgan Chase raised it to $51
How Utility Stocks Fared Last Week(Continued from Prior Part)Chart indicatorsThe Utilities Select Sector SPDR ETF (XLU) closed at $58.30 last week, marginally above its 50-day average, 6% above its 200-day moving average, and close to its all-time
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! Today we are going to look at The Southern Company (NYSE:SO) to see whether it might be an attractive i...
How Utility Stocks Fared Last WeekUtilities back in focusUtilities were close to their all-time high and gained 0.4% last week, while broader markets also gained marginally. Renewed US-China trade tensions could make markets volatile and put
[Editor's note: This story was previously published in February 2019. It has since been updated and republished.]Even with the China-U.S. trade war appearing to simmer down and the Fed pausing its interest-rate hikes, the stock market is still facing many steep risks. America's political situation hasn't been this tense in decades. The EU is facing a host of challenges, and the Chinese-U.S. trade war could easily flare up again.Add it all up, and things could easily get volatile quite soon. That leaves investors wondering where they can go for safety.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Cheap Stocks to Buy in May, But Don't Go Away After years of tech outperforming everything, the problems facing Apple (NASDAQ: AAPL), Facebook (NASDAQ:FB), and Amazon (NASDAQ:AMZN) have many people bailing on growth as well. That leaves safe-haven dividend stocks as a more favorable alternative. Here are six worth taking a look at. Source: Puamella via Flickr (Modified) Diageo (DEO)Dividend Yield: 2.08%Rain or shine, good economy or bad, people like to drink alcohol. And for safe dividend seekers, that makes Diageo (NYSE:DEO) an ideal play. While its name may not be familiar, its brands almost certainly are. Diageo owns and manufactures Guinness beer, Captain Morgan rum, Smirnoff vodka and Johnnie Walker whiskey, among many others.DEO stock is a well-known safe haven for investors. The company is headquartered in the U.K., and was one of the very few stocks to go up the day after Brexit in that country as British investors sold risky stocks and moved to safety. Diageo will again serve as a safe haven whenever the next bear market/recession hits.Diageo isn't just a great business, it's also a great dividend play. The company has continuously raised its dividend (as measured in its home currency of British Pounds) each of the past 20 years. Source: Shutterstock Campbell Soup (CPB)Dividend Yield: 3.69%Campbell Soup (NYSE:CPB) is one of the unloved packaged-foods makers. It's not hard to see why, if you only think about the company's name. Canned soup certainly isn't trendy with younger consumers at this point. And there's a general nutritional wariness about heavily salted foods.That said, there's much more to Campbell Soup than just the iconic red cans. The company is more and more a snack food play. As we know, while Americans profess an interest in healthier eating, they still love their junk food from time to time. Campbell's, owner of Hanover, Pop Secret, Goldfish and Pepperidge Farm, is in a great position to profit off of this. * 7 Stocks to Buy That Ought to Buy Back Shares Pepsico (NYSE:PEP), the leader in snacks, consistently gets a high P/E ratio from the market, as investors acknowledge the stickiness of their brands with consumers. The market, however, is not appreciating Campbell Soup at all. Shares are down from $50 in 2017 to $38 now.That has attracted activist investors, who got a new CEO hired and are demanding more change. If shares stay down here, expect that a suitor will buy out the company at a nice premium. If not, enjoy the dividend. Source: Shutterstock PacWest Bancorp (PACW)Dividend Yield: 6%After investors dumped bank stocks late last year, a lot of value has been created in this generally overlooked sector of the market, where solid dividends abound.That brings us to PacWest Bancorp (NASDAQ:PACW), which offers a 6% dividend yield at the moment. Headquartered in Los Angeles, PacWest is a major player throughout the California market and currently sports a $5.1 billion market cap. That puts it in a sweet spot, size-wise, where it may still be a buyout candidate, but it is large enough to manage the rising costs of regulation and banking technology costs.Despite the horrid state of the California housing market in 2008, PacWest survived the crisis; in fact its shares never came close to zero during the panic. The bank has come out stronger, and is now generating record profits. Thanks to the corporate tax cuts in particular, PACW stock is now at a cheap P/E ratio of just 10.89 times its trailing earnings. New York Community Bancorp (NYCB)Dividend Yield: 5.92%Despite its large yield, New York Community Bancorp (NASDAQ:NYCB) is an even safer bank stock. NYCB stock currently yields 5.92%, and they earn more than enough to cover the dividend, with earnings coming in at around 79 cents and dividends at 68 cents annually.NYCB stock was down 12% last year because the sector was down, as discussed above. Over the last few months, though, it has fought its way back to the levels it traded at before the fall. That's why the bank is one of the safest in the country. It lends primarily against multi-family homes in New York City, one of the lowest-risk lending markets out there. * 7 A-Rated Stocks That Are Under $10 The bank's loans barely budged in performance even during 2008. With a strong dividend covered out of earnings and a safe loan book, investors can earn a large dividend income from a most conservative bank. Source: Desiree Kane via Flickr Southern Co (SO)Dividend Yield: 4.7%In the worst of times, people tend to still want to use electricity. Even a severe economic downturn tends to not impact utility stocks too dramatically. As such, it's a sound sector to buy when investors get panicky, such as what we're seeing with the market now.Southern Co (NYSE:SO), as one of the highest-yielding large power utilities, checks the boxes for safe dividend stocks here. SO stock is currently yielding 4.7%.Its high yield is in large part, it seems, due to interest rates going up. Many investors treat utility stocks as substitutes for bonds. As such, when interest rates go up, investors demand a higher yield from their utility stock as well. If interest rates were to keep surging for years to come, SO stock would likely underperform. Right now, though, that clearly is not the case. Source: Mike Mozart via Flickr (Modified) Exxon Mobil (XOM)Dividend Yield: 4.5%Speaking of things people use in good times and bad, gasoline ranks pretty highly on the list. Sure there is a minor drop-off in consumption during recessions, as people take fewer road trips, for example, but in general, oil and gas is a safe haven business. And Exxon Mobil (NYSE:XOM) as the largest U.S. player is a true sleep-well-at-night stock.The combination of a fortress balance sheet, diversified operations and a storied dividend make XOM stock an excellent place to endure market storms. It may seem strange to call Exxon diversified. But what many investors don't realize is that much of big oil has spun off the other segments of their businesses.We saw a ton of refining and pipelines subsidiaries moved out of the parent companies into MLPs and other corporate entities. That is all well and good as far as shareholder value maximization goes. But Exxon's more diversified approach ensures that it remains solidly profitable even when the price of oil plummets, as it did in recent years.XOM stock is hardly the most exciting in a high growth market. But at 16 times earnings and paying a slightly greater than 4% dividend yield, it is a fine option for defensive investors. And buyers are still getting a fair value at this point.At the time of this writing, Ian Bezek owned DEO, CPB, PACW, NYCB and XOM stock. You can reach him on Twitter at @irbezek. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Monthly Dividend Stocks to Buy to Pay the Bills * 9 High-Growth Stocks to Buy Now for Monster Returns * 7 Healthy Dividend Stocks to Buy for Extra Stability Compare Brokers The post 6 Safe Dividend Stocks to Buy Now appeared first on InvestorPlace.
By any conventional measure Southern (NYSE:SO) is a hot utility stock. SO stock is up 20% since the start of the year, against a 16.5% gain for the average stock in the S&P 500. Yet the 60 cent per share dividend, which is covered by earnings, still yields a fat 4.7%.Source: Shutterstock While Pacific Gas & Electric (NYSE:PCG), which tied its future to renewable energy, has gone into bankruptcy, Southern continues to stand tall.What could possibly go wrong? To put it simply, the rise of wind and solar power.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Southern's Nuclear StrategySouthern is one of the largest operators of nuclear power plants in the country, with six in all. It's building two more, an expansion of its Plant Vogtle on the Savannah River. * The 10 Best Stocks to Buy for May Assuming the plants come on stream by 2022, Southern will have an additional 2.4 Million megawatt hours of capacity to sell, over 10% of the region's demand.Of course, that's a big if. A similar nuclear expansion across the river, in South Carolina, cost $9 billion, resulted in 9 rate hikes, and was eventually abandoned. The utility company behind it was sold to Dominion Energy (NYSE:D) for $13.4 billion in cash and assumed debt.For now Vogtle is the only nuclear power going up that qualifies under the Republican plans for "green energy," and the project is being showered with largesse in the form of federal loan guarantees that now total $12 billion. The expansion, originally slated to cost $14 billion, now has a budget of $28 billion. Changing WindsAs costs for solar and wind energy continue to fall -- they're now cheaper than maintaining coal-fired power plants -- the long-term fate of nuclear energy is increasingly precarious.Southern directors see which way the wind is blowing. They recently tied CEO Tom Fanning's pay to cuts in SO stock's carbon footprint. But those plans are highly dependent on finishing Vogtle and getting that energy into the grid. The riskiest operating periods for a nuclear plant are when it's new, as the Vogtle plants will be, or when it's past its useful life.These are the long-term risks SO stock, and the southeastern U.S. economy, are running as construction on the plants continues. SO Stock EarningsSouthern reported earnings May 1. Earnings per share were in line with estimates at 70 cents. Meanwhile, revenue came in a bit low at $5.4 billion instead of the expected $5.8 billion. This isn't great, as revenues generally peak in the first quarter, which covers the winter, and the third quarter, which covers the summer.SO stock fell about 1.7% on the news.Analysts don't seem to know what to think of the risk-reward balance for so, with 13 of 21 just saying hold, against 2 buyers and 5 sellers. We'll see how that changes in light of Q1 earnings, however.The dividend is one of the highest in the utility sector, but most stock buyers today want risk and utilities, by their nature, are not risky investments.The red light flashing on Southern remains the debt, used to finance the nuclear power plants. It totaled $40.5 billion at the end of 2018. That debt load must be matched against the company's equity value, $54.3 billion. Its bonds currently yield about 4.6%, close to the stock's yield. The Bottom LineA recent analyst report on Southern said it offered "short-term gain and long-term pain." That's about right.Southern stock has been the best-performing among the big southeastern utilities this year, outpacing NextEra Energy (NYSE:NEE), Dominion and Duke Energy (NYSE:DUK). But the debt load is huge, and Southern has already sold $12 billion in assets to keep the bonds afloat, including its solar energy portfolio and Gulf Power, which serves Florida.For Southern stock and debt to pay off, the nuclear plants not only have to go online, but operate profitably, over decades, in an environment where solar and wind costs are continuing to decline. * 5 Stocks to Sell in May Before Investors Go Away That's not a good bet for a risk-off investment.Dana Blankenhorn is a financial and technology journalist. He is the author of a new mystery thriller, The Reluctant Detective Finds Her Family, available now at the Amazon Kindle store. Write him at email@example.com or follow him on Twitter at @danablankenhorn. As of this writing he owned no shares in companies mentioned in this article. Compare Brokers The post Southern Stock Is a Bit Too Risky for a Utility Play appeared first on InvestorPlace.
Highlights from Exelon’s Q1 EarningsExelon’s first-quarter earnings Exelon (EXC) reported its first-quarter earnings on May 2. The company reported an EPS of $0.87, which was in line with the consensus estimates. In the same quarter last year,
Southern Co. (SO) delivered earnings and revenue surprises of 0.00% and -6.45%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?
The Southern Company earnings report for the company's first quarter of 2019 has SO stock sliding lower on Wednesday.Source: Southern CompanyThe Southern Company (NYSE:SO) reported earnings per share of 70 cents for the first quarter of the year. This is down from the company's earnings per share of 88 cents from the first quarter of 2018. It was also a blow to SO stock by missing Wall Street's earnings per share estimate of 72 cents for the period.Net income reported in The Southern Company earnings release for the first quarter of 2019 comes in at $2.06 billion. This is better than the company's net income of $936 million reported in the first quarter of the previous year.InvestorPlace - Stock Market News, Stock Advice & Trading TipsOperating income from the The Southern Company earnings report for the first quarter of 2019 is $3.69 billion. That's an increase over the gas and electric company's operating income of $1.38 billion from the same time last year.The Southern Company earnings report for the first quarter of the year also includes revenue of $5.41 billion. This is a drop from the company's revenue of $6.37 billion reported in the same period of the year prior. It is also a negative for SO stock by coming in below analysts' revenue estimate of $5.72 billion for the quarter. * 7 Stocks That Are Soaring This Earnings Season The Southern Company notes that there was one major factor behind its revenue drop for the first quarter of 2019. It says this decrease it due to the company selling off the Gulf Power business and other assets.SO stock was down 1% as of noon Wednesday. More From InvestorPlace * 7 A-Rated Stocks That Are Under $10 * 7 Stocks That Are Soaring This Earnings Season * 5 Biotech Stocks for a Long-Lived Portfolio * 10 Times Apple's Hardware Failed Consumers -- And Hurt Its Business As of this writing, William White did not hold a position in any of the aforementioned securities.Compare Brokers The post The Southern Company Earnings: SO Stock Slips on Q1 Miss appeared first on InvestorPlace.