|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||123.34 - 126.39|
|52 Week Range||119.51 - 142.50|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.44%|
AES Corporation (AES) is one of the smallest components of the S&P 500 Utilities Index (XLU). It’s currently trading at a dividend yield of 4.8%, which is higher than the industry average of 4.3%. AES stock has largely trended downward this year.
The February 2018 Industrial Production Report was released by the Federal Reserve on March 16, 2018. The report indicated that industrial production had increased by 1.1% in February compared to its 0.3% decline in January. This was the fifth month of rising industrial production in the United States in the last six months.
Let’s take a look at how utilities fared in terms of total returns in the last one year. The Utilities Select Sector SPDR ETF (XLU) returned more than 1%, while broader markets returned 18% in the last one year. Total returns consider stock appreciation as well as dividend payments in a particular period.
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.
The stock has lost more than 10% in the last ten trading sessions. Broader utilities (XLU) (IDU) have also been on a downward streak for the last few months after the Fed’s interest rate hike in December 2017. The large discount from PPL’s support levels highlights the weakness in PPL stock. PPL’s 50-day moving average level around $30.6 is expected to act as a resistance for the stock in the near term.
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.
In this article, we’ll take a look at Dominion Energy’s (D) payout ratio in this part. The payout ratio shows the percentage of profit paid to shareholders in the form of dividends. Dominion Energy’s payout ratio was ~81% for the last 12 months.
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.