Utilities Select Sector SPDR Fund (XLU)
| Previous Close | 62.38 |
| Open | 62.25 |
| Bid | 63.05 x 29200 |
| Ask | 63.16 x 800 |
| Day's Range | 62.01 - 63.18 |
| 52 Week Range | 43.44 - 71.10 |
| Volume | 13,782,436 |
| Avg. Volume | 11,804,017 |
| Net Assets | 11.93B |
| NAV | 62.98 |
| PE Ratio (TTM) | N/A |
| Yield | 3.14% |
| YTD Daily Total Return | -0.56% |
| Beta (5Y Monthly) | 0.33 |
| Expense Ratio (net) | 0.13% |
| Inception Date | 1998-12-16 |
- MarketWatch
Duke Energy Florida to invest in EV charging stations as part of clean energy plan, and raise rates
Duke Energy Corp.'s subsidiary Duke Energy Florida (DEF) announced Friday agreement to push its clean energy program for the state, including investing in electric vehicle charging stations and accelerating the retirement of coal plants, but will also include base rate increases over the next three years. The utility company said the agreement is subject to approval by the Florida Public Service Commission (FPSC). "This agreement provides a path to minimize bill increases while continuing to make smart investments that will offer customers greater reliability, cleaner energy alternatives and innovative technology," said Catherine Stempien, DEF state president. The agreement includes base rate increases of about $5 billion over the next three years. As a result, DEF said its average residential customers will see their bills increase by 3% to 4% in 2022, and by 1% to 2% in 2023 and 2024. Duke's stock, which rose 0.3% in afternoon trading, has slipped 0.6% over the past 12 months, while the SPDR Utilities Select Sector ETF has lost 4.6% and the S&P 500 has gained 15.0%.
- Investopedia
6 ETFs that Could Be Recession-Proof
If you’re worried about the stock market correcting, or eventually heading into bear market territory, then you will want to consider the exchange-traded funds (ETF) covered below. They will all give you more downside protection than the vast majority of ETFs throughout the ETF universe.
- MarketWatch
WEC Energy to raise dividend by 7.1%, but will still yield below utilities peer group
WEC Energy Group Inc. said Thursday it plans to raise its quarterly dividend by 7.1%, to 67.75 cents a share from 63.25 cents a share. The utilities company's new dividend will be payable March 1 to shareholders of record on Feb. 14. The stock slipped 1.4% in afternoon trading. At current prices, the new annual dividend rate implies a dividend yield of 2.87%, which compares with the payout yield for the SPDR Utilities Select Sector ETF of 3.09% and with the implied yield for the S&P 500 of 1.56%. Separately, WEC said it expects 2021 earnings per share of $3.99 to $4.03, compared with the FactSet EPS consensus of $4.01. WEC shares have edged up 2.4% year to date, while the utilities ETF has slipped 2.2% and the S&P 500 has gained 13.7%.
