|Bid||0.00 x 800|
|Ask||0.00 x 45100|
|Day's Range||47.54 - 48.12|
|52 Week Range||42.38 - 53.51|
|PE Ratio (TTM)||57.10|
|Earnings Date||Aug 8, 2018|
|Forward Dividend & Yield||2.40 (5.03%)|
|1y Target Est||46.82|
PPL Corporation (PPL) is currently trading at a dividend yield of 5.8%, which is much higher than utilities’ average yield of 3.4%. It’s trading at a yield more than double that of NextEra Energy (NEE), the biggest utility by market capitalization. Duke Energy (DUK) and Southern Company (SO) stocks currently offer dividend yields of 4.6% and 5%, respectively.
ATLANTA, July 12, 2018 /PRNewswire/ -- Southern Company plans to release its earnings for the second quarter of 2018 by 7:30 a.m. EDT on Wednesday, August 8. Chairman, President and Chief Executive Officer Thomas A. Fanning and Chief Financial Officer Andrew W. Evans will discuss earnings during a conference call for financial analysts at 1 p.m. EDT on Wednesday, August 8. Southern Company (SO) is nationally recognized as a leading energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million customers through its subsidiaries as of December 31, 2017.
BIRMINGHAM, Ala. , July 11, 2018 /PRNewswire/ -- The board of directors of Alabama Power Company has declared the regular quarterly dividends on the company's outstanding preferred stock as follows: Preferred ...
NextEra Energy (NEE) is currently trading at a dividend yield of 2.7%, much lower than the industry average of 4.2%. It expects its double-digit dividend growth to continue for the next few years. In comparison, Southern Company (SO) and Duke Energy (DUK) are currently trading at dividend yields of 5.2% and 4.5%, respectively.
Whereas NextEra Energy (NEE) looks better placed than peers in terms of FCF (free cash flow), it should be noted that all of the utilities we’re looking at in this series have failed to report positive FCF in the last few years. In 2017, NextEra Energy reported FCF of -$746 million, while Southern Company (SO) and Duke Energy (DUK) reported FCF of -$1.613 billion and -$1.213 billion, respectively. Dominion Energy (D) reported FCF of -$993 million.
Utilities’ (XLU) leverage is a vital metric for comparing companies, especially as interest rates are steadily increasing. While the top three utilities’ leverage has largely been stable, Southern Company’s (SO) leverage rose significantly after Q3 2016 to fund its AGL Resources purchase.
The second-largest utility by market capitalization, Duke Energy (DUK), intends to raise its dividend per share 4%–6% annually for the next few years, which is in line with the industry average. Duke Energy’s dividend growth is expected to be driven by its earnings growth around similar levels.
The largest regulated utility in the country, Duke Energy (DUK), increased its quarterly dividend by 4.2% to $0.93 per share. In the last quarter, it paid a per-share dividend of $0.89. The dividend is payable on September 17 to shareholders of record on August 17. With this increase, Duke Energy is expected to pay annualized dividends of $3.71 per share in the next 12 months.
The Utilities Select Sector SPDR ETF (XLU) was trading deep in the “overbought” zone with its RSI (relative strength index) of 92. The RSI at extremes could indicate an impending reversal in the stock or fund’s direction. XLU’s RSI peaked at 91 in June last year. According to technical analysts, a stock is considered “oversold” when its RSI drops below 30 and “overbought” when its RSI rises above 70.
The acquisition of two gas utilities, including one in New Jersey, makes South Jersey Industries the second largest provider of natural gas in its home state.
ATLANTA, July 9, 2018 /PRNewswire/ -- Georgia Power customers will receive the second of three separate $25 credits for the Vogtle nuclear expansion this month. A total of $75 in 2018 bill credits, or $188 million overall, were approved by the Georgia Public Service Commission (PSC) as part of its order to continue construction of Vogtle 3 & 4 in December 2017. The credits are a direct result of parent guarantee payments for the Vogtle project from Toshiba available due to the strength of the original contract for the project and protections in place for Georgia electric customers.
Last month, utilities witnessed solid upward momentum as investors switched to safer investment avenues. The Utilities Select Sector SPDR ETF (XLU), which tracks the S&P 500 Utilities, has risen ~5% in the last month, while broader markets have fallen ~1%.
Southern Company (SO), the third-largest US utility by market cap, has a mean target price of $46.02 compared to its current market price of $46.9, which implies a downside of ~2% over the next year. Among the 18 analysts currently covering Southern Company, ten have rated the stock as a “hold,” while one has rated it as a “strong buy” and two have rated it as a “buy.” Four analysts have rated the stock as a “sell,” and one has rated it as a “strong sell” as of July 3. UBS raised Southern Company’s price target from $46.0 to $48.0 on July 2.
Southern Company (SO) stock is currently trading at an EV-to-EBITDA (enterprise value-to-EBITDA) multiple of 10.5x, while its five-year historical valuation is close to 11x. Thus, Southern Company stock looks to be trading at a discounted valuation compared to its historical valuation.
Although utilities have shown a solid uptrend recently, their performance so far this year has been poor. Broader utilities (XLU), on average, have returned close to 2%. We’ve considered both stock appreciation and dividends paid YTD (year-to-date). Southern Company’s (SO) total return has come in at -1% YTD.
Utilities (XLU) (IDU) are preferred by investors during market uncertainty mainly because of their stable stock movements and higher dividend yields. Southern Company (SO), one of the top-yielding utilities in the sector, has risen more than 10% in the last three weeks, outperforming broader utilities. On July 2, Southern Company stock was trading 4% above its 50-day moving average level and 1% above its 200-day moving average level.
Utilities began stronger last week as investors took shelter under defensives amid increased trade war concerns. US-China trade tension intensified over concerns of US officials initiating restrictions on Chinese companies investing in US technology companies. The Utilities Select Sector SPDR ETF (XLU), which tracks the S&P 500 Utilities, rose ~2.5% last week while broader markets fell 1.3%, marking the fourth consecutive week in which utilities outperformed broader markets.
Southern Company (SO), the third-largest utility by market capitalization, currently offers a dividend yield of 5.2%, the highest among the top S&P 500 Index utilities. Southern Company has a solid dividend payment history, which makes it stand tall among its peers. It has increased its per share dividend for the last 15 years.
ATLANTA, June 29, 2018 /PRNewswire/ -- Saturday, June 30, is World Social Media Day – a day created in 2010 by Mashable.com to recognize social media's impact on global communication. Georgia Power uses social media to connect with 2.5 million customers across the state every day and encourages customers to follow the brand for essential, timely information and personalized customer service. "Part of our commitment to providing world-class service for our customers is ensuring that we are available for them when and where they prefer, which is increasingly online and over social media," said Kevin Kastner, vice president of Customer Services for Georgia Power.
ATLANTA, June 28, 2018 /PRNewswire/ -- Georgia Power has launched Georgia Power Customer Rewards – a free program that rewards Georgia Power customers with bill credits simply for shopping online at more than 4,000 retailers.
For a short while on Tuesday, stocks were crushing it. But, only for a short while. By the time the closing bell rang, traders were once again terrified, sending the S&P 500 lower to the tune of 0.86%. The close of 2699.63 was the lowest close all month, with the setback led by iQiyi (NASDAQ:IQ) — it closed 13% lower for the session.
The Zacks Analyst Blog Highlights: Amazon, Intel, Eli Lilly, Illinois Tool Works and Southern
The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. The current level displays a positive indicator.