CenterPoint Energy Inc
What to Expect from NiSource’s 2Q16 Earnings
Analysts are expecting NiSource (NI) to report earnings per share (or EPS) of $0.07 in 2Q16. In the same quarter last year, it posted EPS of $0.18.
Breaking Down the Regulated and Deregulated US Electric Markets
The US electric utility industry is mostly regulated. The Public Utilities Regulatory Policies Act (or PURPA) was passed in 1978, beginning the deregulation of the utility industry.
How Is NiSource Valued ahead of Its 2Q16 Earnings?
On July 25, NiSource was trading at an EV-to-EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) multiple of 11.2x.
Will NiSource Beat Revenue Estimates in 2Q16?
NiSource will report its 2Q16 results on August 2, 2016. According to estimates, NiSource is expected to report revenue of $1 billion for the quarter.
Wholesale electricity prices mirrors natural gas price
With the exception of Texas, wholesale prices in all other US regions were low.
Hawaiian Electric bucks the trend in a weak market
Hawaiian Electric withstood the fall in the markets. It was up 0.6% for the week ending on January 30, 2015. Hawaiian Electric closed the week at $34.30 per share.
Top Utility Stocks’ Wall Street Ratings and Price Targets
Many top utility stocks are offering flattish potential upside due to the recent rally, based on analysts’ estimates.
CenterPoint Energy to Buy Vectren in $6 Billion Deal
On April 23, Houston-based CenterPoint Energy (CNP) announced it would buy natural gas company Vectren (VVC) for $6.0 billion.
What Could Affect CNP’s Dividend Growth?
CenterPoint Energy’s (CNP) present dividend yield of 4.1% has been driven by dividend growth and price loss.
The Top 5 Rallying S&P 500 Utilities Stocks This Year
The Utilities Select Sector SPDR ETF (XLU), which represents S&P 500 Utilities Index, has gained ~10% YTD, marginally underperforming broader markets.
Olin’s New $500 Million Debt to Clear Term Loans
On March 6, 2017, Olin (OLN) announced the pricing of its $500.0 million senior notes. It said the notes will be issued at 100.0% par value.
CNP, WEC, and DTE: Analyzing Utilities’ Current Valuations
CenterPoint Energy (CNP) was trading at an EV-to-EBITDA multiple of 9x on December 27, 2016. Its five-year historical average also stands near 9x.
Is CenterPoint Energy Stock Set to Soar?
On November 7, 2016, CenterPoint Energy (CNP) was trading at a 3.0% and 7.0% premium to its 50-day and 200-day moving averages, respectively.
Utility Stocks That Lead in Implied Volatility
On October 26, 2016, NRG Energy (NRG) had the highest implied volatility among the utility companies that make up the Utilities Select Sector SPDR ETF (XLU).
Analyzing NiSource’s Valuation after Its 2Q16 Earnings
On August 2, NiSource was trading at an EV-to-EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) multiple of 11.8x.
Jefferies Downgrades NiSource to an ‘Underperform’
According to Wall Street analysts’ estimates, NiSource (NI) has a one-year median price target of $22.65 compared to its current market price of $26.
CenterPoint Energy’s Performance against Its Peers and ETFs
CenterPoint Energy is ahead of most of its ETFs based on PBV ratio. The PBV ratios of CenterPoint Energy, RYU, FXU, and SPHD are 1.8x, 1.5x, 1.4x, and 2.2x, respectively.
Majority of Power Utility Stocks Fall on April 21
On Tuesday, April 21, 38 out of 41 utility stocks that Market Realist tracks dropped. Utility stocks are highly sensitive to interest rate moves as a result of their capital intensive nature.
Dynegy Emerges as the Biggest Gainer among Power Utilities
Dynegy (DYN) was the biggest gainer among the power utilities for the week ending April 17. The stock gained 3.2% to end the week at $32.32.