47.79 0.00 (0.00%)
After hours: 7:25PM EDT
|Bid||47.50 x 800|
|Ask||48.92 x 1800|
|Day's Range||47.76 - 48.99|
|52 Week Range||40.97 - 51.18|
|Beta (3Y Monthly)||0.41|
|PE Ratio (TTM)||19.90|
|Earnings Date||Jul 31, 2019 - Aug 5, 2019|
|Forward Dividend & Yield||1.45 (2.96%)|
|1y Target Est||53.32|
In times of market volatility, utility sectors often remain a safe haven for investors. Companies like Nextera Energy, Duke Energy, Exelon Corporation, PG&E and American Electric Power are just some within this sector. Yahoo Finances discusses with the CEO of Reaves Asset Management Joseph Rhame III.
(Bloomberg) -- The U.S. Commerce Department has recommended the White House take steps to protect the domestic production of uranium after finding the nation’s reliance on imports was a national security risk, said three people briefed on the matter.Among the trade remedies recommended is to require nuclear power plants to purchase a minimum of 5% of the radioactive fuel from U.S. mines, said the people, who requested anonymity to discuss non-public deliberations. Two of the people said an option under consideration would see the quota escalate by 5 percentage points a year.A decision to impose the quotas would be a boon to the two small mining companies that petitioned the Commerce Department to take action, Energy Fuels Inc. and Ur-Energy Inc. The move would increase costs for nuclear reactor operators that are already struggling in the face of competition from cheaper sources of power generated by natural gas and renewables. Domestic nuclear providers rose on the news, with Uranium Energy Corp. up as much as 3.9%, Energy Fuels rising as much as 3.5% and Ur-Energy paring earlier losses to rise less than 1%.The Commerce Department concluded in April that the imports harmed national security, delivering a confidential report on the matter to the White House at the time, the people said.The White House didn’t immediately respond to a request for comment. A spokeswoman for the Commerce Department declined to comment on the contents of the uranium report and said it is at the White House. Confidential MeetingThe recommendations have yet to be presented to President Donald Trump, and a meeting on the matter between him and advisers on the issue that had been scheduled for Thursday was delayed, two people said.The matter is far from final, but one person said it is certain that the White House appears poised to take action. Other options being considered include doing nothing or putting limits on uranium from specific countries, one of the people said.Canadian Prime Minister Justin Trudeau, who met with Trump on Thursday, was expected to make the case against import quotas on uranium, which his country produces.The Trump administration was asked by the two domestic uranium producers to impose a 25% domestic market quota on the grounds imports of uranium are a threat to national security. Wide Latitude A finding that the imports of uranium are harming U.S. national security gives Trump wide latitude to impose a trade remedy of his choosing -- or do nothing at all -- using the same trade law the administration has successfully used to slap tariffs on steel and aluminum imports.While the domestic uranium producers, both of which are based in Colorado, initially asked the administration for a 25% quota, a lower amount could be a compromise that he utilities and the producers could live with, analysts have said.Nuclear utilities, which have estimated a 25% quota could cost them as much as $800 million annually, remain hopeful Trump will decide against any trade action.“President Trump is a longstanding champion for the U.S. nuclear industry, rightly recognizing the enormous economic and energy benefits that U.S. nuclear power delivers to American consumers,” said the Ad Hoc Utilities Group, which counts Exelon Corp., Duke Energy Corp., and Dominion Energy Inc. as members. “The U.S. nuclear industry supports 100,000 jobs while the two petitioners support a total of 150 jobs.” Australia, RussiaCurrently, the nuclear power industry gets nearly all of its uranium from sources such as Australia, Canada, Kazakhstan, and Russia.The U.S. uranium industry produced roughly 700,000 pounds in 2018, according to Chris Gadomski, a nuclear industry analyst at Bloomberg New Energy Finance. A 5% quota would translate to between 2 million and 2.5 million pounds, he said.The two miners who petitioned for the case have already begun expanding their mines in anticipation of a favorable decision.Executives from both companies said in a statement they were pleased “the administration continues to recognize the unique national, energy and economic security role of domestic uranium production.”“We continue to believe that reserving 25% of domestic demand for U.S. uranium is the most effective tool for sustaining domestic production of this critical mineral,” they said. (Updates with statement from uranium miners in last paragraph.)\--With assistance from Josh Wingrove and Will Wade.To contact the reporters on this story: Ari Natter in Washington at email@example.com;Jenny Leonard in Washington at firstname.lastname@example.orgTo contact the editors responsible for this story: Jon Morgan at email@example.com, ;Margaret Collins at firstname.lastname@example.org, Elizabeth Wasserman, Ros KrasnyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
The utilities sector eased slightly Thursday, to buck a broader stock market rally, as a sharp drop in longer-term Treasury yields was balanced with a rally in AES Corp.'s stock after an analyst upgrade. The Dow Jones Utility Average inched less than 0.1% lower, although 8 of 15 components traded up, while the Dow Jones Industrial Average jumped 222 points, or 0.8%. AES shares jumped 1.8% after Bank of America Merrill Lynch analyst Julien Dumoulin-Smith raised his rating to neutral from underperform, and raised his price target to $16.50 from $16. "We perceive upside to renewable development opportunities and expect [liquid natural gas]/logistics opportunities in Vietnam and the Atlantic Basin to drive future growth," Dumoulin-Smith wrote in a note to clients. Among other more-active utility stocks, Southern Co. edged up 0.1%, Exelon Corp. was little changed and Dominion Energy Inc. gained 0.1%. The yield on the 10-year Treasury note fell 3.1 basis points to 1.998%, the first move below the 2% mark since November 2016, amid increasing speculation that the Federal Reserve will cut interest rates. Utilities stocks usually rise when Treasury yields fall, and Treasury prices gain, as the sector's relative high yield makes then more attractive. The Dow utilities implied dividend yield is 2.94%, compared with the implied yield for the Dow Jones Industrial Average of 2.03%.
An analyst at Height Capital Markets in Washington said on Wednesday that discussion on the market-based Regional Greenhouse Gas Initiative (RGGI) was likely related to a nuclear bailout deal, that would provide subsidies to prevent reactors from retiring. The governor's office, however, said Wolf did not talk to lawmakers about a nuclear bailout on Tuesday and that the AP story came from state fiscal year-end budget negotiations, which Wolf was not commenting on. Height Capital Markets said momentum to join RGGI is gaining in Pennsylvania but noted it was unclear at this point whether the Republican-majority legislature would be willing to authorize joining RGGI in exchange for nuclear subsidies.
Exelon Corp NYSE:EXCView full report here! Summary * Perception of the company's creditworthiness is positive * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is extremely low for EXC with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting EXC. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding EXC are favorable, with net inflows of $10.21 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS MarkitThere is no PMI sector data available for this security. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator. EXC credit default swap spreads are near the lowest level of the last three years and indicate the market's continued positive perception of the company's credit worthiness.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). We'll apply a basic P/E...
Like everyone else, elite investors make mistakes. Some of their top consensus picks, such as Amazon, Facebook and Alibaba, have not done well in Q4 due to various reasons. Nevertheless, the data show elite investors' consensus picks have done well on average over the long-term. The top 20 stocks among hedge funds beat the S&P […]
Expected higher energy pricing in most regions in coming years led Goldman Sachs to boost target prices on Exelon Corporation (NYSE: EXC ) and Public Service Enterprise Group Inc . (NYSE: PEG ) — while ...
In a first of its kind public and private sector innovation project for Chicago, the Dearborn Homes public housing development that serves more than 600 families in Chicago’s Bronzeville neighborhood, is producing clean, renewable energy from the sun with private solar panels primarily on its rooftops. This solar installation completed this month supports ComEd’s Bronzeville Community microgrid, a small power grid that can generate its own power to keep electricity flowing to customers and support critical public services when there’s an interruption on the main grid.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Exelon (EXC) have what it takes? Let's find out.
On CNBC's "Mad Money Lightning Round" , Jim Cramer said Wendys Co (NASDAQ: WEN ) is one of his absolute favorites. Cramer is a buyer of Zoetis Inc (NYSE: ZTS ). He added that the stock hit another ...
Utility stocks include companies that provide essential services -- electricity, energy and water -- to communities across the U.S. Because doing this in a country as big as the U.S. is no mean feat, most states have one or two exclusive providers. For this monopoly power, the utilities are regulated not only by the state government but also by the federal government.Their rates are set and their growth plans have to be approved by state regulators since utilities' expansion plans are generally funded by their customer bases.In return for reining in their operations, the state provides a healthy annual growth target for the utilities and also allows them to operate unregulated businesses that can sell power to customers in the open market. This gives utilities good avenues for profits above and beyond their regular business.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWhat investors get are rock-solid companies that have no trade war drama attached to them, only growing demand for electricity and reliable dividends to add to their capital gains. * 10 Names That Are Screaming Stocks to Buy The seven utility stocks to trust for retirement below are all A-rated in my Portfolio Grader for momentum. That means the smart money is starting to roll in and will continue to as global growth and tech stocks lose their shine. PNM Resources Inc (PNM)PNM Resources Inc (NYSE:PNM) is an electric utility that operates in Texas and New Mexico.While this doesn't seem to be a top place to get into the power business, just remember two words: Permian Basin.The Permian is one of the hottest oil and gas regions in the U.S. today. There is a huge amount of activity going on there now and housing is going up to hold all the workers and supply them with what they need, and want.Tales of waitresses earning $15 an hour and oil workers in the six digits is already happening and the boom is just starting.That spells huge growth for PNM, since it's selling all this new power to the industry and all the businesses that are coming to the region.This explains why PNM is up more that 20% in the past 12 months, which is a pretty nice run for a utility. Its 2.4% dividend may not be spectacular, but right now, this is about the safest energy play around for long-term investors. Evergy Inc (EVRG)Evergy Inc (NYSE:EVRG) is a classic example of a solid energy company that posts reliable returns and delivers a solid dividend. It's the poster child for compounding.Having started its life as Kansas City Power & Light and serving the Kansas market for many years, in 2018 it merged with Westar Energy. Now it has 1.6 million customers in both Kansas and Missouri.This merger will help EVRG grow its base and exercise greater efficiencies that will help it squeeze more profit from its production. * 10 Small-Cap Stocks That Look Like Bargains The stock is up 6% in the past year and delivers a solid 3.1% dividend, which adds up to a steady near-10% growth return annually. That's a lot better than a money market or a CD without taking on a great deal of risk. Middlesex Water (MSEX)Middlesex Water Co (NASDAQ:MSEX) is a water utility. There aren't a lot of these, but they had a run in the 1990s when the economy was weak and municipalities were finding it hard to run and maintain their water systems.After some consolidation over the years, MSEX remains a long dependable player in the sector. Basically, instead of a city or county managing water resources -- wastewater, filtration, distribution, maintenance, etc. -- they contract out the work to MSEX.It currently operates in New Jersey, Delaware and Pennsylvania and has been doing so since 1897.This is an enduring business, because, like electricity, potable water and wastewater management are crucial to operating a city or town. But it's generally overlooked by Wall Street.That's good news for us. Although a few investors have seen the opportunity here since the stock is up 40% in the past year. Its dividend comes in just shy of 1.6%.With the U.S. in a steady growth mode, that's good news for local governments and that's good news for MSEX. Exelon Corp (EXC)Exelon Corp (NYSE:EXC) is a $36 billion utilities network that operates throughout the United States supporting existing utilities as well as operating power generation, marketing and delivery businesses.Instead of having a traditional home market, EXC moves into markets where the current utility isn't able to manage its base or can't find a way to make it.For example, in Washington, D.C., Potomac Gas & Electric was having a hard time balancing its growing demand with its ability to deliver electricity efficiently. EXC took over the utility and because of its scale, could modernize and upgrade the aging utility.The company's flexibility to run or help support utilities is a unique part of EXC's strategy. And it has been working. * Top 7 Service Sector Stocks That Will Pay You to Own Them The stock is up almost 23% in the past year and it delivers a reliable 2.9% dividend. And there are still plenty of opportunities out there. Sempra Energy (SRE)Sempra Energy (NYSE:SRE) is another hybrid energy company. It has utility operations in the U.S. -- San Diego Gas & Electric and Southern California Gas Company -- but it also has a variety of other operations that fall more on the unregulated energy side.For example, it has natural gas pipelines in the South and Southeast. It has a division that focuses on generating renewable energy in the Midwest that it distributes around the country. It also has significant operations in Latin America, supplying infrastructure equipment and gas utilities operations.It also just signed an agreement with Saudi Arabia to provide 5 million tons of liquified natural gas (LNG) to the kingdom for the next 20 years out of the Port Arthur, Texas LNG export terminal when it's completed.Its exposure to the natural gas market, especially the export sector makes this a great choice for anyone interested in stepping into the energy patch without all the volatility that would go along with a dedicated natural gas exploration and production company.Up 28% in the past 12 months and still delivering a 2.8% dividend, this is a great long-term play on growing energy demand. Duke Energy Corp (DUK)Duke Energy Corp (NYSE:DUK) has been delivering power to the people of the Carolinas and beyond since 1900. Today, it remains a classic example of the traditional energy utility that has grown up with the region and has great relations with its state regulators.Today, DUK has operations in the Carolinas -- it started and is based in North Carolina -- as well as Florida, Indiana and Ohio. It has also developed a strong group of unregulated energy businesses that help add a little juice to earnings.While there are some legacy challenges that come along with a utility that has been around so long, they're not as challenging for DUK because it has such a long history with regulators. Plus, its former longtime CEO Jim Rogers was very far-sighted when it came to investing in renewable energy and a decentralized grid. * The 7 Best Penny Stocks to Buy And remember, the Research Triangle in North Carolina is the Silicon Valley of the East, so there's plenty of growth in its backyard. Up 17% in the past year and delivering a 4.1% dividend, this is a blue chip utility. Southwest Gas Holdings (SWX)Southwest Gas Holdings Inc (NYSE:SWX) represents a pure play on the natural gas sector.Coal was the traditional fuel for most utilities' power plants but as natural gas supply has grown in the U.S. and environmental laws became stricter, cleaner burning and cheap natural gas became increasingly popular.Now, natural gas is the go-to fuel for most utilities and large companies. SWX focuses its operations in Nevada, Arizona and California. It also has distribution channels to supply other customers around the U.S., but the lion's share of its business comes from these states.The natural gas focus is a good way to diversify these long-term picks, since each region and each piece of the grid brings on its own challenges and opportunities. The natural gas market should continue to grow for many years to come and as tensions in Asia and the Middle East grow, an accessible supply of domestic natural gas becomes a prized asset.SWX is up almost 19% in the past year and delivers a dependable 2.5% dividend. That is a great return for a "boring" utility stock.Louis Navellier is a renowned growth investor. He is the editor of four investing newsletters: Growth Investor, Breakthrough Stocks, Accelerated Profits and Platinum Growth. His most popular service, Growth Investor, has a track record of beating the market 3:1 over the last 14 years. He uses a combination of quantitative and fundamental analysis to identify market-beating stocks. Mr. Navellier has made his proven formula accessible to investors via his free, online stock rating tool, PortfolioGrader.com. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 5 Safe Stocks to Buy This Summer * The 5 Best Telecom Stocks to Buy Now * 6 Innovative Stocks With Big Long-Term Growth Potential Compare Brokers The post 7 Utility Stocks to Trust for Retirement appeared first on InvestorPlace.
ComEd customers have saved a total of $4 billion on their electricity bills since the company introduced its program to help families and businesses save money and energy in 2008. “Our energy efficiency offerings help offset customer electric bills, while helping to reduce our collective environmental footprint,” said Jane Park, senior vice president of customer operations for ComEd.
Today we'll evaluate Excellence S.A. (WSE:EXC) to determine whether it could have potential as an investment idea...
The state legislature isn't properly valuing the power source's role in combating climate change. Will Exelon's tried-and-true strategy force a last-minute deal?
Exelon’s efforts to hire, retain and promote employees from a variety of backgrounds and to create an inclusive culture have secured the company three separate honors in 2019, including 24th place on DiversityInc’s list of the Top 50 Companies. Exelon moved up eight positions in the rankings compared with 2018 as a result of continued focus on diversity and inclusion, including its work with the United Nations Women HeForShe campaign. “Diversity and inclusion are core values at Exelon, leading to greater innovation, market competitiveness and better solutions for our customers,” said Chris Crane, Exelon’s President and CEO.