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SCG, PCG, EIX: Analyzing the Most Volatile Utilities’ Returns

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Total returns

Let’s take a look at the total returns of the most volatile S&P 500 Utilities stocks. Note that among the top five most volatile stocks under our consideration, only NRG Energy (NRG) managed to post positive returns in 2017. NRG Energy stock’s total returns so far this year are ~123%. In comparison, the Utilities Select Sector SPDR ETF (XLU) has returned 14% in the same period.

Total returns consider capital appreciation as well as dividends paid during a particular period.

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SCANA Corporation (SCG) stock is the top loser, having returned -40% so far in 2017. The stock’s epic fall after SCANA abandoned its nuclear project in July 2017 dug a deep hole in investors’ pockets.

The competitive utility AES Corporation (AES) has returned -5%, while PG&E Corporation (PCG) has returned -12% so far this year. Edison International (EIX) has returned -1% in the same period.

In comparison, the SPDR S&P 500 (SPX-INDEX) (SPY) has returned 22% year-to-date.

You can read about how utilities fared against other sectors in 2017 in Market Realist’s series Which Sector Returned the Most in 2017?

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