|Bid||50.48 x 9700|
|Ask||50.49 x 3300|
|Day's Range||50.28 - 50.97|
|52 Week Range||47.37 - 57.23|
|PE Ratio (TTM)||8.33|
|Expense Ratio (net)||0.14%|
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.
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.