|Bid||46.35 x 3100|
|Ask||47.01 x 1800|
|Day's Range||46.58 - 47.20|
|52 Week Range||42.38 - 52.00|
|Beta (3Y Monthly)||-0.22|
|PE Ratio (TTM)||20.30|
|Earnings Date||Oct 30, 2018 - Nov 5, 2018|
|Forward Dividend & Yield||2.40 (5.12%)|
|1y Target Est||46.11|
ATLANTA, Nov. 14, 2018 /PRNewswire/ -- Today is National Utility Scam Awareness Day, and Georgia Power is providing customers ways to protect themselves from scams. Georgia Power urges customers to be cautious when contacted by an unverified person claiming to be a Georgia Power representative. If an account becomes past due, Georgia Power will contact the customer via a prerecorded message to the primary account telephone or by letter requesting that the customer call Georgia Power to discuss the account.
Alabama Power Co. is expanding its Smart Neighborhood initiative and has partnered with three homebuilders to build smart neighborhoods across the state. The Smart Neighborhood Builder Program will promote energy efficiency through collaboration with homebuilders to build energy-efficient homes that feature advanced energy products and home automation.
In this part, we’ll discuss the top utilities’ (XLU) target prices and analysts’ views. Top utility stock NextEra Energy (NEE) has an estimated upside of ~3% based on its median target price of $181.47 and its current price of $176.56. Morgan Stanley raised NextEra Energy’s target from $184.0 to $185.0 on November 9.
Let’s take a look the biggest utilities’ total returns in 2018. So far, utilities at large have returned (including dividends) 7% in 2018, while broader markets have returned a little more than 5%. Utilities (XLU) generally offer higher dividend yields compared to broader markets.
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.
ATLANTA, Nov. 12, 2018 /PRNewswire/ -- Georgia Power has announced the recipient of the third annual Preston Arkwright Award for service – Denise Hamrick, northeast region energy services team lead for Georgia Power. Wes Singletary, land acquisition coordinator in Atlanta, was also selected as a runner up for the award during a special ceremony held at the annual Citizens of Georgia Power statewide meeting on Saturday. The Citizens of Georgia Power is the company's statewide, employee-driven community service organization.
Building off the success of its first Smart Neighborhood, Alabama Power has developed a homebuilding program to partner with homebuilders on smart neighborhoods across the state. Smart Neighborhood Builder Program promotes energy efficiency through collaboration with homebuilders to build energy-efficient homes that feature advanced energy products and home automation. “We continuously strive to provide innovative energy solutions to improve the quality of life for our customers,” said Greg Barker, Alabama Power executive vice president for customer services.
Southern Company (SO), the fourth-biggest utility by market capitalization, released its third-quarter earnings on November 7. In the third quarter of 2017, Southern Company had an EPS of $1.12. Favorable weather and constructive regulatory results were some of the main drivers behind Southern Company’s earnings in the third quarter.
Investing.com - Southern (NYSE:SO) reported third quarter earnings that beat analyst's expectations on Wednesday and revenue that fell short of forecasts.
Xcel Energy Inc. said it will pay $650 million for a natural gas power plant in Mankato, Minn., that's currently owned by Southern Power.
Southern Co. (SO) delivered earnings and revenue surprises of 6.54% and 2.45%, respectively, for the quarter ended September 2018. Do the numbers hold clues to what lies ahead for the stock?
The Atlanta-based company said it had profit of $1.14 per share. The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings ...
ATLANTA , Nov. 7, 2018 /PRNewswire/ -- Southern Company today reported third-quarter 2018 earnings of $1.16 billion , or $1.14 per share, compared with earnings of $1.07 billion , or $1.07 per share, in ...
ATLANTA, Nov. 6, 2018 /PRNewswire/ -- Southern Power, a leading U.S. wholesale energy provider and subsidiary of Southern Company, today announced that it has entered an agreement to sell the Mankato Energy Center to Xcel Energy for $650 million. Mankato, a natural gas combined-cycle generation facility, will have a maximum capacity of approximately 760 megawatts upon completion of an ongoing expansion project. "The Mankato Energy Center is a valuable part of the local community and the regional energy infrastructure," said Southern Power President and CEO Mark Lantrip.
Southern Company (SO) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
NextEra Energy (NEE), the biggest constituent of the Utilities Select Sector SPDR ETF (XLU), has a potential upside of 8% based on analysts’ median target price of $181.41 and its current price of $168.15. Among the top utilities, NEE seems to be analysts’ favorite. Fourteen of the 18 analysts tracking it have given it “buy” ratings.
NextEra Energy (NEE), the biggest utility by market cap, is currently trading at a forward PE of 20x based on its estimated earnings for 2019. Its five-year historical average PE is close to 20x.
The Utilities Select Sector SPDR ETF (XLU), a representative of the S&P 500 Utilities Index, fell 0.4% while broader markets rose 2.5% last week.
Thomas Fanning, Southern Company chairman CEO, discusses the impact of the midterms on energy and the U.S. economy, as well as his company' quarterly earnings.