|Bid||50.01 x 4000|
|Ask||52.24 x 3200|
|Day's Range||51.56 - 52.31|
|52 Week Range||42.42 - 52.31|
|Beta (3Y Monthly)||0.38|
|PE Ratio (TTM)||23.91|
|Earnings Date||Apr 30, 2019 - May 6, 2019|
|Forward Dividend & Yield||2.40 (4.65%)|
|1y Target Est||49.32|
Utility stocks fit this profile with their low market correlation and typically larger dividend payouts. These stocks usually have a flight-to-quality classification as well ??? when there is a broader market sell-off investors will go to utility stocks as a high yield safe haven.
SAVANNAH, Ga. (AP) — Energy Secretary Rick Perry announced Friday that the Trump administration has finalized $3.7 billion in new loan guarantees to support completion of the first new U.S. commercial nuclear reactors in a generation, calling the expansion of nuclear energy "the real" Green New Deal.
Many bet big on a nuclear resurgence in the late 2000s, few more than Westinghouse Electric Co. Purchased by Toshiba in 2006 for $5.4 billion, Westinghouse, a nuclear supply and design leader, started a construction arm to build its proprietary AP1000 reactor in South Carolina and China — as well expand Plant Vogtle in Georgia. Although no nuclear reactor had been built in the United States in more than 30 years, utilities in the 2000s were in a rush to add low emission energy capacity. Of the eight AP1000 reactors started over a decade ago, only the four in China operate commercially today, each completed at least five years behind schedule.
The Trump administration announced Friday it’s finalizing a $3.7 billion loan guarantee for two nuclear reactors being built by Southern Co. Called Plant Vogtle, it’s the only nuclear facility under construction in the U.S. and one seen as vital for an industry that’s lagged due to competition from cheaper natural gas and renewable energy. “This is the real new green deal,” Energy Secretary Rick Perry said Friday during a visit to the site near Waynesboro, Georgia, alongside Georgia Governor Brian Kemp and Southern Chief Executive Officer Tom Fanning.
The U.S. Energy Department on Friday finalized up to $3.7 billion in loan guarantees to finance the construction of units at the delayed and over budget Vogtle nuclear power plant in Georgia. Up to $1.67 billion will go to Georgia Power Co, a subsidiary of Southern Co, up to $1.6 billion will go to Oglethorpe Power Corp, and up to $415 million will go to three subsidiaries of the Municipal Electric Authority of Georgia. The financing, first announced in 2017, brings the federal government's total in loan guarantees to up to $12 billion, some of which was provided in 2014 and 2015.
ATLANTA, March 22, 2019 /PRNewswire/ -- U.S. Energy Secretary Rick Perry, Georgia Governor Brian Kemp, U.S. Agriculture Secretary Sonny Perdue and North America's Building Trades Unions President Sean McGarvey joined Southern Company Chairman, President and CEO Tom Fanning, Georgia Power Chairman, President and CEO Paul Bowers and hundreds of workers and special guests at the Vogtle 3 & 4 nuclear expansion project today near Waynesboro, Georgia, to announce the closing of approximately $1.67 billion in additional Department of Energy (DOE) loan guarantees for the new Vogtle units.
Comparing Utility Giants: NextEra Energy and Dominion Energy(Continued from Prior Part)Analysts’ target prices NextEra Energy (NEE) stock could get an upward push with a few brokerage houses increasing the target price when the stock is already
Southern Co. (SO) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Comparing Utility Giants: NextEra Energy and Dominion Energy(Continued from Prior Part)Debt burdenNextEra Energy (NEE) had a net debt of $37.0 billion at the end of the fourth quarter. At the same time, Dominion Energy (D) had a net debt of $35.0
Comparing Utility Giants: NextEra Energy and Dominion Energy(Continued from Prior Part)NextEra Energy’s earningsNextEra Energy (NEE) has been achieving superior earnings growth for the last few years. The company’s regulated operations in
Comparing Utility Giants: NextEra Energy and Dominion EnergyUtilities look strongRecently, utility (XLU) stocks have been on a roll. Investors turned to safe havens due to geopolitical tensions. Utilities have continued to rally. The Fed is taking
The guarantees, expected to be announced Friday when U.S. Energy Secretary Rick Perry visits Plant Vogtle alongside Georgia Governor Brian Kemp and Southern Chief Executive Officer Tom Fanning, represents a critical lifeline for the project, which is more than five years behind schedule and has doubled in cost to $28 billion. The additional help also puts taxpayers on the hook for more money if the project were to collapse.
ATLANTA , March 20, 2019 /PRNewswire/ -- U.S. Department of Energy (DOE) Secretary Rick Perry will join U.S. Department of Agriculture Secretary Sonny Perdue ; Georgia Gov. Brian Kemp ; Southern Company ...
What Led to AES’s Rally and Where It Could Go From Here(Continued from Prior Part)Moving averagesAES (AES) stock is currently trading at $18.15, ~8% and ~23% above its 50-day and 200-day moving averages, respectively, suggesting strength. Its
ATLANTA, March 20, 2019 /PRNewswire/ -- Spring brings warmer temperatures and Georgia Power reminds customers that it's a great time to reevaluate ways to save on your power bill and make adjustments and upgrades that can deliver big savings during the heat of summer. Focus on the Fridge: Proper cleaning of the fridge can reduce its energy consumption.
The Zacks Analyst Blog Highlights: Deutsche Telekom, Fortescue, General Mills, Philip Morris and Southern
ATLANTA, March 19, 2019 /PRNewswire/ -- Atlanta's first Smart Neighborhood™, a development of Georgia Power and PulteGroup, Inc. (PHM), is announcing four new project partners as well as progress on the neighborhood's construction with the insulation and sheetrock going in over the next few weeks. Delta, ecobee, LG Chem and Vivint are joining PulteGroup's Altus at the Quarter development, located in Atlanta's Upper West Side.
Utilities: Leaders and Laggards Last Week(Continued from Prior Part)Implied volatilityOn March 15, the Utilities Select Sector SPDR (XLU) had an implied volatility of 10.5%—lower than its 15-day average. In comparison, SPY’s implied volatility
Utilities: Leaders and Laggards Last Week(Continued from Prior Part)Top-yielding utilitiesPPL (PPL) leads the pack with its dividend yields of 5.1%—compared to peers’ average of ~3%. The high yield indicates a premium of ~250 basis points
Utilities: Leaders and Laggards Last Week(Continued from Prior Part)Chart indicators Currently, the Utilities Select Sector SPDR ETF (XLU) is trading at $58.2 after hitting an all-time high of $58.7 last week. The premium of 5% and 8% from its