51.16 -0.03 (-0.06%)
After hours: 5:46PM EDT
|Bid||51.16 x 100|
|Ask||51.25 x 100|
|Day's Range||50.50 - 51.26|
|52 Week Range||47.37 - 57.23|
|PE Ratio (TTM)||8.43|
|Expense Ratio (net)||0.14%|
FAANG and industrials stocks lead US markets lower as the yield on the 10-year treasury crosses above 3%. Yahoo Finance’s Seana Smith and Jared Blikre break down the latest market action.
Based on the mean target price given by Wall Street analysts, NRG Energy (NRG) stock offers a potential upside of 17% for the next 12 months. Analysts have given NRG Energy a mean target price of $36.5—compared to its current market price of $31.2.
Currently, NRG Energy (NRG) stock is trading 8% above its 50-day average and 16% above its 200-day moving average. The stock’s large premium above its key support levels highlights its strength. NRG Energy’s 50-day moving average of ~$29.0 will likely act as a near-term support. NRG Energy is trading at $31.2 as of April 23.
Currently, NRG Energy (NRG) is trading at an EV-to-EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) valuation of ~12x—compared to its five-year historical average valuation of 11x. NRG Energy stock appears to be trading at a premium compared to its historical average.
NRG Energy (NRG), a leading merchant power company, is scheduled to report its 1Q18 earnings on May 3. According to Wall Street analysts, NRG Energy is estimated to report an EPS (earnings per share) of $0.26 for the quarter ending on March 31. In the same quarter last year, the company reported an EPS of -$0.51.
Weekly Review: What Could Power On Utility Stocks? NRG Energy (NRG), the leading merchant power player stock and one of the smallest components of the S&P 500 Utilities Index (XLU), has a mean price target of $36.50 against its current market price of $31.20, which indicates a potential upside of more than 17% for the next 12 months. Deutsche Bank raised NRG’s price target from $40.0 to $44.0 last week.
NextEra Energy (NEE), the biggest utility by market capitalization in the country, reported its 1Q18 earnings on April 24. The company’s strong performance continued in 1Q18. NextEra Energy reported an adjusted EPS (earnings per share) of $1.94 for the reported quarter and beat consensus estimates. In the same quarter last year, NextEra Energy reported an EPS of $1.75.
Are Tax Cuts and Deregulation Boosting Industrial Production? The Federal Reserve released the March industrial production report last week. The report indicated that industrial production rose 0.5% in March as compared to stellar growth of 1.1% in February.
Dominion Energy (D), the third-biggest utility by market capitalization, appears to be trading at a discounted valuation to its historical average. Dominion Energy is trading at a PE (price-to-earnings) multiple of 20x, while its five-year average PE multiple is close to 24x.
Weekly Review: What Could Power On Utility Stocks? As we discussed previously, the ten-year Treasury yield has risen significantly this year and peaked at 3.0% last week, its highest level in the last four years. Rising interest rates are a double whammy for utility investors.
Ten-year U.S. Treasury yields hit 3 percent on Tuesday for the first time since 2014, but the stock market hasn’t initially reacted the way investors might expect. What Happened The 10-year Treasury yield ...
Treasury yields surged last week on better-than-expected economic data. The ten-year Treasury yield touched 3.0%, which was its highest level since January 2014. The strength in the yields can be seen as negative for stocks, particularly utilities. Utility stocks and Treasury yields generally trade inversely to each other.
Public Service Electric and Gas Co. said Monday it settled with New Jersey Board of Public Utilities for a $1.875 billion plan to replace gas pipes, which will increase residential customer bills by less ...
Currently, Xcel Energy (XEL) stock offers a dividend yield of 3.4%, which is much lower than broader utilities’ (XLU) average yield of ~4.2%. Barring a few exceptions, Xcel Energy has always traded at a discounted dividend yield compared to utilities’ average in the last five years. Xcel Energy has raised its dividends per share for the last 15 consecutive years.
Currently, Xcel Energy (XEL) stock is trading at a PE (price-to-earnings) multiple of 20.0x—compared to its five-year historical average of 18x. Xcel Energy stock appears to be trading at a premium to its historical average valuation.
Xcel Energy (XEL) is scheduled to report its 1Q18 earnings on April 26, 2018. According to analysts, Xcel Energy is estimated to report an EPS (earnings per share) of $0.52 for the quarter ending on March 31, 2018. The estimates indicate more than a 10% increase YoY (year-over-year) in the company’s earnings compared to the EPS of $0.47 1Q17.
According to the Wall Street analyst consensus, Dominion Energy (D), the third-biggest utility, has an estimated upside of more than 12% for the next 12 months. The company has a mean target price of $74.4 compared to its current market price of $66.1.
Dominion Energy (D) stock continues to look weak in the near future considering its moving averages. Currently, Dominion Energy is trading 6% lower than its 50-day moving average and 14% lower than its 200-day moving average. The large discount to both of the key moving averages highlights the weakness in the stock. Dominion Energy’s 50-day moving average around $70.6 is expected to act as a resistance for the stock in the near term. It’s currently trading at $66.1.
Dominion Energy (D), the third-largest utility by market capitalization in the S&P 500 Utilities Index (XLU), is trading at a PE (price-to-earnings) valuation multiple of 19x. The stock seems to be trading at a large discount compared to its five-year valuation average of 24x. Duke Energy (DUK) stock, the second-largest utility, is currently trading at a PE multiple of 21x, while renewables titan NextEra Energy (NEE) is trading at a PE multiple of 22x.
Analysts expect Richmond-based Dominion Energy (D) to report earnings of $1.06 per share for the quarter ended on March 31, 2018. In the comparable quarter last year, it reported earnings of $0.97 per share. The estimates represent an increase of more than 9% in its per-share earnings year-over-year.
Broader utilities (XLU) have been on a losing streak for the last few months after peaking in November 2017. NextEra Energy (NEE) is currently trading at a PE (price-to-earnings) multiple of 22.0x against its five-year historical average PE of 21.0x. Thus, NextEra Energy stock seems to be trading at a premium to its historical average. NextEra Energy stock has rallied more than 5.0% while the broader utilities have corrected 2.0% so far this year.
Dominion Energy’s (D) ongoing merger with SCANA (SCG) hit another roadblock recently. According to a Bloomberg report dated April 19, 2018, the South Carolina state senate voted to reduce the money SCANA can collect from the ratepayers for a now-abandoned nuclear power project. Dominion Energy had earlier warned it would call off the deal if it’s prevented from recovering nuclear project costs from ratepayers.
According to Wall Street analysts’ estimates, NextEra Energy (NEE), the biggest utility by market capitalization in the country, has a potential upside of more than ~5% going forward. NextEra Energy has a mean target price of $169.1. Currently, NextEra Energy is trading at $160.20.
Wall Street analysts’ mean target price for FirstEnergy (FE) is $36.14, whereas its current market price is $34.61, implying a potential upside of ~6% for the stock over the next 12 months. Among the 17 analysts tracking FirstEnergy, eight had recommended “hold,” three had recommended “strong buy,” and six had recommended “buy” as of April 17, 2018. There were no “sell” recommendations.