|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||62.06 - 63.62|
|52 Week Range||57.63 - 83.38|
|PE Ratio (TTM)||36.14|
|Earnings Date||Apr 30, 2018 - May 4, 2018|
|Forward Dividend & Yield||2.42 (3.85%)|
|1y Target Est||68.00|
Moody's Investors Service, ("Moody's") today changed the rating outlook for The AES Corporation (AES) to positive from stable. At the same time, Moody's affirmed AES' Ba2 Corporate Family Rating ...
PG&E (PCG) jumped to the top of the S&P 500 on Thursday, as utilities were basically the only sector up amid the bloodbath. PG&E gained $1.49, or 3.5%, to $44.45. The S&P 500 lost 68.24 points, or 2.52%, ...
According to the Wall Street analyst consensus, Sempra Energy (SRE) stock has a mean price target of $119.3 against its current market price of $112.9, which suggests an estimated upside of nearly 6% for the next 12 months. Among the total nine analysts covering Sempra, three analysts rate the stock as a “strong buy,” and three rate it as a “buy.” Three analysts recommend it as a “hold,” while none of them recommend it as a “sell” as of March 15, 2018. It has a mean price target of $48.9 against its current market price of $44.2.
There was some weakness in broader markets throughout last week due to fears of a trade war. At the same time, the defensives (utilities) steadily rose and gained approximately 2% last week (the week ended on March 16, 2018). The Fed’s aggressive stance about interest rate hikes has strongly weighed on them recently.
US utilities have witnessed severe headwinds in revenue growth due to increasing energy efficiency programs. California is the front-runner in the country in energy efficiency initiatives. The state aims to double its energy efficiency programs by 2030, which will likely dent utilities’ traditional electric operations.
California wildfires in 4Q17 changed the landscape for utilities in the state. The rage burned Edison International (EIX), the smallest of the three main utilities in California, as well. California’s current law considers a utility at fault even if it complies with all the safety norms, and the utility is liable to pay for damages. According to industry experts, the liability damages might be large enough to end up bankrupting these utilities.
The San Onofre Community Engagement Panel will discuss decommissioning milestones and storage of used nuclear fuel during the panel’s quarterly meeting March 22 in Laguna Hills.
Each day, the Benzinga Pro news team highlights several stocks with Trading Idea potential. Be the first to see them by becoming a Benzinga Pro user ! Advanced Micro Devices, Inc. (NASDAQ: AMD ) stock ...
Sempra Energy (SRE) became the largest utility by market capitalization in California after PG&E’s (PCG) wildfire fiasco. Among the nine analysts currently tracking Sempra Energy, three rate the stock as a “strong buy” while three rate it as a “buy.” Three analysts recommend it as a “hold,” and none of the analysts rate it as a “sell” as of March 7. According to Wall Street analyst consensus, Sempra Energy stock has a mean price target of $118.6 against its current market price of $109.4, which indicates a possible gain of 8.4% going forward.
Southern California Edison issued a Request for Proposals seeking to add clean power resources to meet long-term local capacity requirements in the Moorpark sub-area of its electrical system known as the Big Creek/Ventura local reliability area.