|Bid||56.15 x 1400|
|Ask||56.16 x 800|
|Day's Range||55.95 - 56.54|
|52 Week Range||42.50 - 56.54|
|Beta (3Y Monthly)||0.27|
|PE Ratio (TTM)||17.21|
|Earnings Date||Aug 6, 2019 - Aug 12, 2019|
|Forward Dividend & Yield||2.48 (4.41%)|
|1y Target Est||52.50|
Utilities rose 0.3%, while the S&P; 500 rose 1.6% for the week ending June 21. So far in 2019, utility stocks have risen almost 15%, while broader markets have risen more than 17%.
Variety of programs, tools and resources available for customers throughout summer storm season ATLANTA , June 24, 2019 /PRNewswire/ -- With temperatures rising during the summer months, so does the ...
Moody's Investors Service, (Moody's) assigned a Prime-1 short-term rating to Gulf Power Company's (A2, stable) new $600 million commercial paper (CP) program. The new $600 million commercial paper program will be back-stopped by Gulf Power's new $900 million senior unsecured revolving credit facility expiring in February 2024. The Prime-1 short-term rating reflects Gulf Power's solid liquidity profile, which is primarily supported by stable cash flow generation as well as its external revolving credit facility availability.
ATLANTA, June 21, 2019 /PRNewswire/ -- Southern Power, a leading U.S. wholesale energy provider and subsidiary of Southern Company, has made an investment into utility-scale fuel cell generation with Bloom Energy. The investment will support the repowering of an existing fuel cell project located on two sites in New Castle and Newark, Delaware, which currently consist of 30 megawatts (MW) of Bloom Energy Servers. "This is an excellent project to continue the growth of our partnership with Bloom Energy," said Mark Lantrip, CEO of Southern Power.
President & CEO, GPC of Southern Co (NYSE:SO) William P Bowers sold 164,377 shares of SO on 06/20/2019 at an average price of $56.01 a share.
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%.
Southern Company (SO) stock looks attractive based on its current valuation. The stock is trading at 18x its forward earnings and close to its five-year historical average.
Southern Company (SO), the top regulated utility stock, continued to rise. The stock hit an all-time high of $56.01 on June 19. The utilities sector is susceptible to interest rates.
Hedge funds and other investment firms run by legendary investors like Israel Englander, Jeffrey Talpins and Ray Dalio are entrusted to manage billions of dollars of accredited investors' money because they are without peer in the resources they use to identify the best investments for their chosen investment horizon. Moreover, they are more willing to […]
Southern Company (SO) stock presents a downside of ~4.0% from its current price level of $55.5. Analysts have given Southern Company stock a target price of $53.3. Of the 20 analysts tracking Southern Company, two analysts rated the stock as a “buy,” 13 analysts rated it as a “hold,” four analysts rated it a “sell,” and one analyst rated it as a “strong sell” as of June 18.
Southern Company (SO) stock is on a roll and has managed to rise more than 25% so far this year. It is currently trading at a dividend yield of ~5.0%, higher than peers’ average of 3.2%. Southern Company has increased its dividends for the last 18 years.
The utilities sector continues to offer a premium dividend yield along with stable upward price movement. On average, utility stocks are currently yielding 3.2%, while broader markets offer a yield close to ~2%.
Southern Co NYSE:SOView full report here! Summary * Perception of the company's creditworthiness is neutral * 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 SO 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 SO. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding SO are favorable, with net inflows of $12.08 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 | NeutralThe current level displays a neutral indicator. SO credit default swap spreads are within the middle of their range for the last three years.Please send all inquiries related to the report to firstname.lastname@example.org.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.
Analysts expect a downside of ~1% from NextEra Energy (NEE) stock based on the mean target price of $205.0 and its current price of ~$207.0. Analysts seem more positive on NextEra Energy stock compared to its peers.
Many top utility stocks are trading at a significant premium to their historical averages. NextEra Energy (NEE) stock is trading at 24x its forward earnings. NextEra Energy's five-year historical average valuation is ~18x–19x.
Utility stocks are still strong based on their simple moving average levels. Southern Company (SO) stock is trading in the "overbought" zone. The stock is trading at a large premium to its support levels.
ATLANTA, June 13, 2019 /PRNewswire/ -- Southern Power, a leading U.S. wholesale energy provider and subsidiary of Southern Company, today completed the previously announced sale of the Nacogdoches Generating Facility to Austin Energy for $460 million, subject to customary working capital adjustments. "The sale of the biomass facility provides benefits to Southern Power and offers Austin Energy the opportunity to own a significant regional energy resource," said Southern Power President, Bill Grantham.
President & CEO, APC of Southern Co (NYSE:SO) Mark A. Crosswhite sold 267,442 shares of SO on 06/10/2019 at an average price of $54.42 a share.
Today we'll take a closer look at The Southern Company (NYSE:SO) from a dividend investor's perspective. Owning a...
Drew Charter School recently won a state title in golf, but not without the help of local donors and businesses.
Wall Street continues to enjoy a rebound from recent lows as the Federal Reserve suddenly sounds a dovish note. This comes after President Donald Trump's deepening trade rift with China and now Mexico cast doubt on the health of the economy. Manufacturing activity is already slumping. Housing and auto sales looks weak.The futures market is already pricing in the odds of multiple interest rates cuts this year, adding to the recession warnings coming out of the bond market. Things aren't looking good.No surprise, then, that investors are focusing on defensive areas of the market, betting these stocks are poised to do best no matter what happens. If a recession does come, dividend-focused stocks like utilities will perform best. If the Fed engineers a recover, defensives will rise alongside the rest of the market.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Stocks to Buy That Could Be Takeover Targets If you want to participate, consider these four utility stocks that are rising to new highs: Utility Stocks to Buy: Southern Company (SO)Southern Company (NYSE:SO) is a natural gas and electric utility with operations in Illinois, Georgia, Virginia and Tennessee. It also offers wireless and internet service. Shares pushed to new highs on Wednesday, tagging the $55-a-share level for the first time. The stock offers a juicy 4.5% dividend yield.The company will next report results on Aug. 7 before the bell. Analysts are looking for earnings of 71 cents per share on revenues of $4.9 billion. When the company last reported on May 1, earnings of 70 cents per share missed estimates by two cents on a 15.1% decline in revenues. Consolidated Edison (ED)Shares of Consolidated Edison (NYSE:ED) jumped more than 2% on Wednesday to push above the $89-a-share level for the first time. The company offers electric service primarily into the New York City area and traces its founding all the way back to 1884. The stock offers a 3.3% dividend yield. * The 10 Best Stocks for 2019 -- So Far The company will next report results on Aug. 1 after the close. Analysts are looking for earnings of 61 cents per share on revenues of $2.8 billion. When the company last reported on May 2, earnings of $1.39 per share beat estimates by two cents on more than $3.4 billion in revenues. FirstEnergy (FE)Shares of FirstEnergy (NYSE:FE) are pushing to fresh highs, rising more than 6% from the recent low set in late May. The company operates a diversified network of power generation facilities throughout Ohio, Pennsylvania, West Virginia, Maryland, New Jersey and New York. The stock pays a 3.5% dividend yield.The company will next report results on July 30 after the close. Analysts are looking for earnings of 62 cents per share on revenues of $2.7 billion. When the company last reported on April 23, earnings of 67 cents missed estimates by a penny. Entergy Corporation (ETR)Shares of Entergy Corporation (NYSE:ETR) have pushed up and over the $100-a-share level, capping a rise of more than 20% from the lows set in early January. The company operates a power generation network in the deep South and pays a 3.6% dividend yield. The stock was recently upgraded by analysts at Morgan Stanley. * 6 Big Dividend Stocks to Buy as Yields Plunge The company will next report results on July 31 before the bell. Analysts are looking for earnings of $1.40 per share on revenues of $2.9 billion. When the company last reported on May 1, earnings of 82 cents per share missed estimates by 16 cents on nearly $2.8 billion in revenues.As of this writing, William Roth did not have a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * The 4 FANG Stocks Won't Be Bitten By Regulation Threats * 10 Stocks to Buy That Could Be Takeover Targets * 4 Big Bank Stocks Rebounding Compare Brokers The post 4 Utility Stocks Hitting New Highs appeared first on InvestorPlace.
ATLANTA, June 4, 2019 /PRNewswire/ -- The second of three credits associated with the Tax Cuts and Jobs Act of 2017 will be applied directly to Georgia Power customers' bills in June. These credits are a result of the reduction in Georgia Power's federal corporate tax rate from 35% down to 21%. Georgia Power customers will receive the credit based upon energy consumption from September 2018 through April 2019. The typical residential customer using an average of 1,000 kilowatt-hours per month would receive a credit of approximately $18 on their June Georgia Power bill.