Consolidated Edison has a dividend yield of 3.4%, higher than utilities’ average of 3%. It declared a quarterly dividend of $0.74 per share in October.
Xcel Energy is trading at a forward PE ratio of 18x based on analysts’ estimated EPS in 2019. Xcel Energy’s average historical valuation is close to 18x.
Consolidated Edison has a mean target price of $77.88—compared to its current market price of $75.43, which implies a potential upside of more than 3%.
According to EIA estimates, the natural gas inventory for the week ended December 1, 2017, is 3,695 Bcf (billion cubic feet). This reading is just 2 Bcf above the 3,693 Bcf recorded for the week ended November 24.
According to Wall Street analyst consensus, PPL (PPL) has a mean price target of $39.71 against its current market price of $35.91, which shows a gain potential of approximately 11% going forward.
PPL declared a quarterly dividend of $0.40 per share on August 25, 2017. It has September 7 as its ex-dividend date. The dividend will be paid on October 2.
Utilities Select Index sales, earnings, and dividends have grown at a CAGR[1. Compound annual growth rate] of 1.9%, 1.7%, and 3.6%, respectively, between 2012 and 2017.
On February 1, 2017, NRG Energy (NRG) had a short interest-to-equity float ratio of 4.7%. It was the highest among the utility stocks that make up XLU.
On December 15, 2016, NRG Energy had a short interest-to-equity float ratio of 6.7%—the highest among the utility stocks that make up the Utilities Select Sector SPDR ETF.
As of October 19, NRG Energy (NRG) has the highest short interest-to-equity float ratio among utility stock companies that are part of the XLU at 5.1%.
Electricity generation in the United States rose marginally to 85.4 million MWh in the week ended September 9, 2016, driven by higher generation in the Central Industrial region.
As of August 3, NRG Energy has the highest short interest-to-equity float ratio of all the utility stocks (XLU) at 5.9%. One month ago, its ratio was 5.9%.
New York-based Consolidated Edison (ED) is expected to report its earnings on August 4, 2016. According to analyst estimates, it’s expected to report earnings of $0.69 per share.
PPL Corporation is currently trading at a forward dividend yield of 4%, with an expected dividend growth rate slightly under 2% for the next two years.
After posting healthy 1Q16 earnings on Thursday, April 28, NextEra Energy closed the day by losing 0.4%. But YTD, NextEra has surged by approximately 10%.
Crestwood Equity Partners and Con Edison have decided to form a 50-50 joint venture to own and develop Crestwood Equity’s existing natural gas pipeline.
The much-debated issue of net metering saw an interesting development this week when six New York utilities and three solar companies proposed a solution.
Among our selected group of utilities, WEC Energy Group (WEC) has the highest expected dividend growth for the next two years. It’s trading at a forward yield of 3.4%.
According to analysts, Xcel Energy has an expected downside of 6% in the next one year. It has a price target of $39.43 against its current market price of $41.82 as of March 31, 2016.
Consolidated Edison (ED) is currently trading at a premium compared to its own five-year historical EV-EBITDA valuation. Its EV-to-EBITDA multiple of 9.6x.
Given the centralized power generation model of Public Service Enterprise Group (PEG), expanding its transmission infrastructure is a necessity in order to grow.
Electricity generation in the US came in at 70.2 million MWh in the week ended December 25. All nine census regions in the US reported a drop in electricity generation during the week.
The regulated electric and gas distribution segments have been the top performers for Con Edison. However, Con Edison sees room for expansion in these areas.
Con Edison handles its competitive energy business through its three wholly-owned subsidiaries: Con Edison Solutions, Con Edison Energy, and Con Edison Development.
The Southeast division is the largest division in the United States for electricity generation. It saw an increase of 482,000 MWh, or 2.8%, in electricity production to 17.5 million MWh.
the electricity generation in the US fell by 3.5% to 71.1 million mWh. Electricity generation fell in all of the nine census divisions during the week ended October 9.
Electricity generation in the US dropped 0.5% to 87.6 million megawatt hours during the week ended August 21. Electricity generation in five out of nine census regions fell during the week.
