|Bid||44.83 x 1100|
|Ask||44.84 x 800|
|Day's Range||44.70 - 45.32|
|52 Week Range||42.38 - 53.51|
|Beta (3Y Monthly)||-0.12|
|PE Ratio (TTM)||19.39|
|Earnings Date||Nov 7, 2018|
|Forward Dividend & Yield||2.40 (5.33%)|
|1y Target Est||45.50|
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.
Consolidated Edison (ED) declared a dividend of $0.715 per share on October 18. It’s expected to pay an annualized dividend of $2.86 for 2018, implying a dividend growth of 3.6% compared to last year. Among the S&P 500 utilities, Consolidated Edison has one of the longest dividend-increasing streaks.
ATLANTA, Oct. 18, 2018 /PRNewswire/ -- Georgia Power continues to advance electric transportation in Georgia through innovative programs and partnerships that make driving an electric vehicle (EV) more convenient than ever and give customers options. Georgia Power's partnership with Lyft includes a pilot program that incentivizes EV driving. As part of the program, qualified EV drivers are eligible for a $500 bonus when they sign up for Lyft from Oct. 22, 2018 through Nov. 21, 2018, and after they have completed 30 rides within 30 consecutive days.
VIRGINIA BEACH, Va., Oct. 18, 2018 /PRNewswire/ -- During Careers in Energy Week (Oct. 15-19), Virginia Natural Gas wants to increase public awareness of the career opportunities in the energy industry and emphasize the important role energy companies have in supporting the local economy. With roots that stretch back to 1850, Virginia Natural Gas has a history of safely and reliably powering the homes and businesses in southeastern Virginia, but as the demand for energy continues to grow, the company is looking to hire for the future. The company is looking to the highly sought-after skills and leadership of veterans with the Virginia Natural Gas Veterans Training Program, a GI Bill-eligible and a Navy Region Mid-Atlantic approved SkillBridge program held in conjunction with Tidewater Community College and the Virginia Gas Operator's Association.
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.
ATLANTA, Oct. 17, 2018 /PRNewswire/ -- Georgia Power has restored power to 99 percent, or more than 385,000 customers, impacted by Hurricane Michael. More than 5,800 personnel were mobilized as part of the company's restoration effort, including all of Georgia Power's resources, as well as assistance from other Southern Company operating companies and more than a dozen assisting utilities from as far away as Illinois, New York, Pennsylvania and Texas. "The damage Hurricane Michael caused across the state was extensive and impacted hundreds of thousands of Georgians.
AES (AES) declared a per share dividend of $0.13 on October 12. The ex-dividend date for it is October 31, and the dividend will be paid on November 15. AES is currently trading at a dividend yield of 3.6%, marginally higher than utilities’ (XLU) average yield of 3.4%. AES’s recent dividend was an increase of more than 8% considering its dividends in the comparable period last year. In comparison, the industry average annual dividend growth is ~5%.
Some of the smallest components of the Utilities Select Sector SPDR ETF (XLU) have significantly outperformed utilities at large as well as the broader markets this year. AES Corporation (AES), which is mainly involved in competitive operations, has risen ~34% so far this year. Merchant power stock NRG Energy (NRG), another smaller constituent of XLU, has risen 26% in the same period.
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.
ATLANTA , Oct. 15, 2018 /PRNewswire/ -- Southern Company today announced a regular quarterly dividend of 60 cents per share on the company's common stock, payable on December 6, 2018 to stockholders of ...
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.
Georgia Power in final stages of restoration effort ATLANTA , Oct. 15, 2018 /PRNewswire/ -- As of noon Monday, Georgia Power has restored power to 97 percent, or more than 375,000 customers, impacted by ...
More than 5,700 personnel working around the clock ATLANTA , Oct. 14, 2018 /PRNewswire/ -- As of 9 a.m. Sunday , Georgia Power has restored power to 365,000 customers following Hurricane Michael, and restoration ...
More than 5,700 personnel working around the clock ATLANTA , Oct. 13, 2018 /PRNewswire/ -- As of 4 p.m. Saturday , Georgia Power has restored power to 352,000 customers following Hurricane Michael, and ...
ATLANTA, Oct. 12, 2018 /PRNewswire/ -- As of 4 p.m. Friday, Georgia Power has restored power to 322,000 customers following Hurricane Michael and updated estimated restoration times for three areas – Americus, Macon and Columbus – now expected to be restored a full day earlier than previously announced. Restoration in the Savannah and Coastal area will be completed earlier, too, by 6 p.m. today. The company has more than 5,200 personnel working around the clock to restore power for the approximately 68,000 customers located in the hardest hit areas that received the most destructive damage from Hurricane Michael.
BIRMINGHAM, Ala. , Oct. 12, 2018 /PRNewswire/ -- The board of directors of Alabama Power Company has declared the regular quarterly dividends on the company's outstanding preferred stock as follows: ...
ATLANTA, Oct. 12, 2018 /PRNewswire/ -- Southern Company plans to release its earnings for the third quarter of 2018 by 7 a.m. EST on Wednesday, November 7. Chairman, President and Chief Executive Officer Thomas A. Fanning and Chief Financial Officer Andrew W. Evans will discuss earnings during a conference call for financial analysts at 8 a.m. EST on Wednesday, November 7. Southern Company (SO) is nationally recognized as a leading energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million customers through its subsidiaries as of December 31, 2017.
NextEra Energy (NEE) and Dominion Energy (D) are among the fastest growing utilities. Both of the utilities aim to grow their earnings ~7% annually, while broader utilities are expected to grow ~4% for the next few years. Their superior earnings growth will likely fuel above-average dividend growth as well.
Moody's Investors Service has downgraded the rating on the Municipal Electric Authority of Georgia's (MEAG Power) outstanding $1.4 billion of PPA Project J revenue bonds to Baa3 from A2. The rating downgrade reflects the increased uncertainty for the security for the Project J bonds owing to the legal action taken by JEA (FL) Electric Enterprise (JEA:A2 negative) and the City of Jacksonville (A2 negative), as plaintiffs, to attempt to repudiate the Project J take-or-pay power purchase agreement (PPA) obligation, notwithstanding the strong legal protections which underlie the "hell or "high" water nature of the obligation. The rating action also acknowledges the weakened credit profile at JEA, the off-taker for Project J, following their recent downgrade to A2 owing in large part to our concerns about their willingness to honor the take-or-pay obligations which support the Project J debt along with the expected decline in the future financial performance caused in part by JEA's exposure to the Vogtle 3&4 nuclear project.
ATLANTA, Oct. 11, 2018 /PRNewswire/ -- Georgia Power announced today regional estimated restoration times (ERTs) following Hurricane Michael. As of Thursday evening, Georgia Power has restored power to 255,000 customers, with the more than 4,800 personnel and crews working around the clock.
ATLANTA, Oct. 11, 2018 /PRNewswire/ -- Electric service to nearly 234,000 Georgia Power customers has been restored following Hurricane Michael. Damage assessment following widespread impacts from Hurricane Michael is in progress throughout Georgia and must be completed as an essential step to efficiently and effectively allocate resources. All of Georgia Power's teams are in the field today working to assess damage and restore power.