|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||111.48 - 112.33|
|52 Week Range||104.82 - 125.54|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.10%|
Utilities, the rate sensitives, stumbled in the last few months as the Fed hinted at a faster-than-expected interest rate hike pace in 2018. In the trailing 12 months, utilities at large (XLU) returned -0.5%, while broader markets returned more than 16% during the same period.
Currently, the Utilities Select Sector SPDR ETF (XLU), which tracks the S&P 500 Utilities Index, is trading marginally above its 50-day moving average and 5% lower than its 200-day moving average level. XLU’s 200-day moving average level around $52.7 will likely act as resistance for the ETF going forward. On April 13, 2018, XLU closed at $49.8.
Sempra Energy (SRE), among very few other utilities in the sector, is aiming for above-average earnings growth over the next few years, which could enable higher dividend growth than the industry average. Its diversified business mix bodes well for long-term earnings growth. Sempra is expected to close its acquisition of Texas-based Oncor Electric by 2Q18, which could accelerate its earnings growth as well.
FirstEnergy (FE) has been no exception. In the last three years, FirstEnergy’s revenues have fallen 3% compounded annually. Given FirstEnergy’s plans to become a pure-play regulated utility, its revenues could stabilize going forward.
FirstEnergy (FE) is heavily dependent on coal for its power generation. Almost 60% of its power comes from coal, while nuclear power accounts for 25% of its total generation. FirstEnergy declared late last month that it plans to close three nuclear power plants in Ohio and Pennsylvania, ~4,000 MW (megawatts) of its total capacity, by 2021 due to unprofitability.
NextEra Energy and Dominion Energy: How Do They Stack Up? NextEra Energy operates in Florida, the third most populous state in the country. Its population and economic growth are notably higher than the national average, which is good for the customer base of NextEra Energy’s principal utility, Florida Power & Light.
As U.S. equities experienced swings over recent weeks, utilities stocks and utility ETFs have outperformed. Over the past month, the Utilities Select Sector SPDR (NYSEArca: XLU) rose 2.2%, Vanguard Utilities ...
FirstEnergy (FE) has been one of the top-performing stocks among the S&P 500 Utilities Index (XLU) this year. Interestingly, FirstEnergy stock continues to look strong, given its current chart indicators. On March 19, FE was trading 6% above its 50-day moving average and 6% above its 200-day moving average.
In this series, we’re taking a look at how institutional investors played out their holdings in S&P 500 Utilities (XLU) in 4Q17. The Vanguard Group remains the top institutional investor in Southern Company (SO). State Street Global Advisors, the second-largest institutional investor of the Georgia-based utility giant, cut its stake in Southern Company during the fourth quarter of 2017.
Utilities stocks and sector-related exchange traded funds were among the best performers among U.S. equities Friday, likely advancing on retreating Treasury yields. On Friday, the Utilities Select Sector ...
While NextEra Energy’s (NEE) earnings increased more than 8.0% compounded annually in the last decade, its peers’ average earnings growth stood at ~5.0%. Higher earnings growth facilitated NextEra Energy’s higher dividend growth. Because of its substantially larger renewables portfolio, a healthy mix of competitive and regulated operations, as well as a territorial monopoly in Florida—the fourth-most-populous state, NextEra Energy previously achieved higher earnings growth.