|Bid||0.00 x 900|
|Ask||0.00 x 1200|
|Day's Range||69.36 - 70.51|
|52 Week Range||69.36 - 70.51|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||9.93|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
NextEra Energy Inc said on Wednesday it intends to sell $1.5 billion worth of equity units, with each unit issued at $50. The company said the individual units will consist of a contract to purchase NextEra common stock in the future and a 5% undivided beneficial ownership interest in a NextEra Energy Capital Holdings debenture due Sept. 1, 2024. The proceeds will be used to fund investments in energy and power projects, NextEra Energy said.
Utilities stayed strong as broader markets closed sharply down yesterday. The Utilities Select Sector SPDR ETF soared as investors turned to defensives.
Southern Company stock has had a robust run in 2019. Including dividends, it has returned more than 35% YTD, almost double the broad market index S&P; 500.
Utility stocks have grown at 4% annually in the last few years and might continue to grow. But their upside from here on could be limited.
The slow-moving utilities sector has outperformed the S&P; 500 Index in the last five years. Utilities should grow 4%–6% per year in the foreseeable future.
Just over halfway through 2019, utilities continue to impress, with good growth prospects, secure dividends, and sound balance sheets. Finally, PPL's PPL struggles in the United Kingdom will probably result in no dividend growth and could lead to a dividend cut after the RIIO-ED2 regulatory outcome.
Geopolitical tensions and falling Treasury yields hint at an upcoming recession and the utilities sector has outperformed broader markets.
Of the two businesses, the company’s wind vertical has performed better, generating returns on equity in the high teens, the analyst said, adding that there are multiple barriers to entry in the wind energy space. Investors seem to underappreciate the fact that NextEra Energy is among "the biggest indirect beneficiaries" of a trend of interest rates that remain "lower for longer," Byrd said.
Investing in large-cap energy titans can add value and diversity to your portfolio. Luckily, the stock market is packed full of big energy companies that pay top dividends and regularly outperform.
We expect Southern Company's (SO) second-quarter earnings on July 31. The utility will likely report an EPS of $0.73 for the quarter ending June 30.
Preserving the environment is one goal, but utilities are in business to make money. Here's why renewable power investing may be riskier than you think.