BTC iShares U.S. Utilities ETF

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    Earnings Report

    Is Xcel Energy Poised for Long-Term Growth?

    Xcel Energy’s (XEL) capital spending plan and actions to reduce regulatory lags could improve its earnings growth significantly during the next few years.

    By Vineet Kulkarni
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    Fund Managers

    Oaktree Capital Sheds Nearly Half Its Holdings in NRG Energy

    NRG Energy is a US-based integrated retail electricity and wholesale power-generation firm. The company has 2.5 million residential customers across the US.

    By Stuart McKenzie
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    Earnings Report

    No Analysts Recommend a “Sell” on Xcel Energy

    Of the 18 analysts tracking Xcel Energy, 13 recommend it as a “hold,” five recommend it as a “buy,” and none recommend it as a “sell.”

    By Vineet Kulkarni
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    Company & Industry Overviews

    How Has Duke Energy Performed Recently?

    Duke Energy stock is currently trading at an EV-to-EBITDA valuation multiple of 12.5x against its five-year historical average of 11.0x.

    By Vineet Kulkarni
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    Company & Industry Overviews

    Utilities Debt: A Growth Driver or a Risk Alert?

    Utilities borrowed heavily in the post-financial crisis in order to take advantage of the near-zero interest rates. As a result, the leverage of utilities increased significantly

    By Vineet Kulkarni
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    Macroeconomic Analysis

    Climate Change Risks: Look Beyond the Obvious

    When it comes to climate change risks, investors should look beyond the obvious sectors like fossil fuel and utilities. The VW (VLKAY) scandal has only reaffirmed this.

    By Ewen Cameron Watt
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    Macroeconomic Analysis

    Looking for Dividends? Stay Away from the Utilities and REITs

    What makes the utilities unattractive is the fact that interest rates will likely be rising soon. The utilities require a huge amount of infrastructure.

    By BlackRock
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    Company & Industry Overviews

    Comparing NRG Energy’s Valuation to Its Peers

    Currently, NRG Energy (NRG) is trading at an EV-to-EBITDA valuation of ~12x—compared to its five-year historical average valuation of 11x.

    By Vineet Kulkarni
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    Company & Industry Overviews

    Institutional Investment in PEG in 4Q17

    The Vanguard Group added net 0.46 million shares of Public Service Enterprise Group (PEG) in 4Q17.

    By Vineet Kulkarni
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    Company & Industry Overviews

    American Electric Power’s Total Returns Compared to Its Peers

    In the last year, American Electric Power returned 21%—compared to broader utilities’ average returns of ~11%. During the same period, SPY returned 22%.

    By Vineet Kulkarni
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    Company & Industry Overviews

    How Xcel Energy’s Payout Ratio Stacks Up

    Xcel Energy’s dividend statistics Let’s take a look at Xcel Energy’s (XEL) dividend profile. The company, which has raised its dividends in the last 15 consecutive years, had a payout ratio of 63% in 2017. Payout ratios represent how much of companies’ profits are distributed to shareholders in the form of dividends. Utilities pay a large portion […]

    By Vineet Kulkarni
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    Company & Industry Overviews

    What’s NRG Energy’s Current Valuation?

    NRG Energy (NRG) stock was trading at an EV-to-EBITDA valuation of 13x—higher than its five-year historical valuation.

    By Vineet Kulkarni
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    Miscellaneous

    XLU in Context: What If the Fed Sticks to Its Ambitious 2017 Target?

    US utilities continue to trade higher as they approach a second and highly probable 2017 interest rate hike next week.

    By Vineet Kulkarni
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    Earnings Report

    Southern Company Beats Q3 Estimates, Maintains Vogtle Schedule

    Southern Company (SO), the fourth-biggest utility by market capitalization, released its third-quarter earnings on November 7.

    By Vineet Kulkarni
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    Earnings Report

    Will Southern Company’s Higher 1Q18 Earnings Lift Its Stock?

    The Atlanta-based second-largest regulated utility company, Southern Company (SO), reported its 1Q18 earnings today.

    By Vineet Kulkarni
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    Company & Industry Overviews

    Rich Valuations and Higher Rates Lead to Poor Stock Returns

    Rich valuations and higher rates are a lethal combination for stocks. Over the longer term, multiple expansion and tightening lead to negative returns.

    By Russ Koesterich, CFA
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    Miscellaneous

    Treasury Yields Fell Last Week: Positive for Utilities

    Utility stocks generally trade inversely to Treasury yields. The ten-year Treasury yield fell from 2.37% to 2.33% last week.

    By Vineet Kulkarni
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    Company & Industry Overviews

    Comparing Utilities and Treasury Yields

    The benchmark ten-year Treasury yield trended lower and changed from 2.68% to 2.66% last week.

    By Vineet Kulkarni
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    Energy & Utilities

    Analyzing AES’s Latest Valuation, Analyst Views, and More

    The most globally diversified utility, AES Corporation (AES), has a potential upside of more than 18% over the next 12 months.

    By Vineet Kulkarni
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    Company & Industry Overviews

    Does Dominion Energy’s Deal with SCANA Look Uncertain?

    Dominion Energy agreed to buy troubled SCANA for $7.9 billion in a stock-for-stock deal in January this year.

    By Vineet Kulkarni
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    Company & Industry Overviews

    California Water’s Long Dividend Payment History

    The San Jose–based California Water Service Group (CWT) is currently trading at a dividend yield of 1.6%. It has increased its per-share dividends for the past 50 consecutive years.

    By Vineet Kulkarni
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    Energy & Utilities

    Inside Southern Company’s Chart Indicators and Short Interest

    On November 9, 2017, SO was trading 3% and 4% above its 50-day and 200-day moving average levels, respectively.

    By Vineet Kulkarni
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    Company & Industry Overviews

    What Makes AES’s Dividend Profile Attractive?

    AES Corporation (AES) declared a per share dividend of $0.13 last month.

    By Vineet Kulkarni
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    Miscellaneous

    How Higher Interest Rates Could Be Negative for Utilities

    Treasury yields become more attractive when interest rates rise, making utilities less competitive than Treasuries in terms of yields.

    By Vineet Kulkarni
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    Energy & Utilities

    Exelon Offers a Decent Potential Upside from Here

    The stock of Exelon Corporation (EXC), the largest hybrid utility and the largest utility by revenue, has a mean price target of $43.2.

    By Vineet Kulkarni
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    Company & Industry Overviews

    What’s Expected to Drive Xcel Energy’s Dividends

    Dividend outlook Let’s discuss what could affect Xcel Energy’s (XEL) dividends. Xcel Energy aims to increase its long-term per-share earnings by 5%–6%, bringing its targeted per-share dividend growth to similar levels. Xcel Energy’s increased focus on expanding its renewables capacity and multiyear rate plans could boost its earnings over a longer term. Xcel Energy is planning to invest ~$20 […]

    By Vineet Kulkarni
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    Company & Industry Overviews

    The Top Ten S&P 500 Utility Stocks by Market Capitalization

    The Utilities Select Sector SPDR ETF (XLU), which represents S&P 500 utilities, hit a 52-week high of $56.80 on December 4.

    By Vineet Kulkarni
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    Company & Industry Overviews

    SCANA Cut Dividends 80%, Stock Rose 5%

    For the second quarter, SCANA will pay a dividend of $0.124 per share to shareholders of record on July 10.

    By Vineet Kulkarni
  • Financials

    Why income stocks may be risky

    There has been a shift to real estate (VNQ), utilities (XLU), and consumer staple (XLP) stocks in 2014 because investors are looking for equities with bond like characteristics that give them a higher income.

    By Russ Koesterich, CFA
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    Company & Industry Overviews

    Will NRG Energy Stock Replicate Its 2017 Movements This Year?

    Given its rise of more than 130% last year, NRG Energy (NRG), the largest merchant power stock, holds the top spot among the most rallied utility stocks.

    By Vineet Kulkarni
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    Company & Industry Overviews

    Why Utilities Could Keep Smashing in the Fourth Quarter

    Despite valuation concerns, utility stocks seem relatively well placed at the moment, especially going into October, compared to broader markets.

    By Vineet Kulkarni
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    Company & Industry Overviews

    Utility Stocks: What to Expect in the Future

    Utility stocks have outperformed broader markets. Over the past 12 months, utilities (XLU) have returned 19% including dividends, while the S&P 500 has returned 9%.

    By Vineet Kulkarni
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    Company & Industry Overviews

    Comparing Utility Stocks and Treasury Yields

    The benchmark ten-year Treasury yields closed at 2.5% last week. Treasury yields and utility stocks usually trade inversely to each other.

    By Vineet Kulkarni
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    Company & Industry Overviews

    XLU’s Chart Indicators and Short Interest

    Currently, the Utilities Select Sector SPDR ETF (XLU) is trading at $58.2 after hitting an all-time high of $58.7 last week.

    By Vineet Kulkarni
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    Company & Industry Overviews

    A Look at the Market Performances of the Top-Performing Utilities

    NextEra Energy (NEE), NiSource (NI), and CMS Energy (CMS) have beaten their peers as well as the broader markets in terms of total returns in the last five years.

    By Vineet Kulkarni
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    Earnings Report

    Duke Energy: What Analysts Expect from Its Q4 Earnings

    Duke Energy (DUK), the second-largest utility by market cap, is scheduled to report its fourth-quarter and fiscal 2018 earnings on February 14.

    By Vineet Kulkarni
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    Company & Industry Overviews

    PG&E Files for Chapter 11 Bankruptcy, Stock Rises 5%

    On January 29, wildfire-stricken PG&E filed for voluntary Chapter 11 bankruptcy protection. The utility faces ~$30 billion in potential liabilities.

    By Vineet Kulkarni
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    Company & Industry Overviews

    How Institutional Investors Played XLU in Q3 2018

    Utilities at large are up almost 3% so far this year, marginally outperforming broader markets. Investors turned to the relatively safe utilities lately amid trade war tensions and a recent broad-market selloff.

    By Vineet Kulkarni
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    Earnings Report

    Here’s What Could Drive Xcel Energy’s Q2 2018 Earnings

    Xcel Energy (XEL) is set to report its Q2 2018 results on July 26. Analysts expect EPS of $0.47 compared to $0.45 in 2Q 2017.

    By Vineet Kulkarni
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    Company & Industry Overviews

    Where PPL Stock Might Go from Here

    PPL Corporation (PPL) stock has rallied more than 11% in the last month, outperforming utilities at large.

    By Vineet Kulkarni
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    Energy & Utilities

    Wall Street Analysts’ Top Five Favorite S&P 500 Utilities Stocks

    Utility stocks remained strong even after the Fed delivered a rate hike last month—the second rate hike in 2018.

    By Vineet Kulkarni
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    Fund Managers

    Institutional Investors: How They Played S&P 500 Utilities in Q1

    Utility stocks—generally called widow and orphan stocks—are one of the poorest performing sectors of the broader markets so far this year.

    By Vineet Kulkarni
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    Energy & Utilities

    Dominion Energy Fell to a 52-Week Low

    There hasn’t been any respite for Dominion Energy (D) investors. The stock has corrected almost 20% YTD.

    By Vineet Kulkarni
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    Energy & Utilities

    Dominion Energy Stock Dives to a 52-Week Low

    On March 15, 2018, Dominion Energy stock fell to $70.9—a new 52-week low. Dominion Energy stock entered the “oversold” zone with its RSI at 29.

    By Vineet Kulkarni
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    Energy & Utilities

    Analyzing Wall Street’s Top 5 S&P 500 Utilities Stocks

    After correcting more than 12% in the last three months, US utilities continue to look weak,

    By Vineet Kulkarni
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    Company & Industry Overviews

    NRG Energy’s Loss Widened in 2017, Stock Soared 4%

    NRG Energy (NRG) reported its 4Q17 and fiscal 2017 earnings on March 1, 2018. The company reported adjusted earnings of $0.25 per share.

    By Vineet Kulkarni
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    Energy & Utilities

    S&P 500 Utilities at a 52-Week Low Offer a Big Gain Potential

    US utilities have been trading weak for the last few months. The Utilities Select Sector SPDR ETF (XLU) hit its 52-week low of $47.37 on February 6, 2018.

    By Vineet Kulkarni
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    Energy & Utilities

    Duke Energy Stock Is at Its Most Oversold Level in 5 Years

    The second-largest utility by market cap, Duke Energy (DUK), has been on a downtrend in 2018. In the last month, DUK has fallen nearly 12%.

    By Vineet Kulkarni
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    Energy & Utilities

    Where NRG Energy Stock Might Go from Here

    NRG Energy (NRG) stock was one of the top gainers among the S&P 500 last year. So far in 2018, it has lost more than 5%.

    By Vineet Kulkarni
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    Earnings Report

    Assessing NextEra Energy’s 4Q17 Earnings and Growth Prospects

    According to analysts’ estimates, NextEra Energy (NEE) will report EPS (earnings per share) of $1.31 for the quarter ended December 31, 2017.

    By Vineet Kulkarni
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    Miscellaneous

    How Utility Stock Movements Compare with Treasury Yields

    Treasury yields (TLT) rose significantly last week on stronger-than-expected inflation data for December 2017.

    By Vineet Kulkarni
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    Energy & Utilities

    Dominion Energy or Sempra: Recent Smart Deals

    Sempra Energy (SRE) has a mean target price of $121.9—compared to its current market price of $107.2. It shows an upside potential of 14% going forward.

    By Vineet Kulkarni
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    Energy & Utilities

    Southern Company Fell to 2-Year Low on Goldman Sachs Downgrade

    Southern Company stock has shown tremendous weakness recently with a fall of over 12% in the last one month. Broader utilities (XLU) (IDU) fell 10% in the same period.

    By Vineet Kulkarni
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    Energy & Utilities

    Looking at FirstEnergy’s Price Targets and Analyst Views

    According to analysts’ consensus, FirstEnergy stock has a mean price target of $36.2, which indicates an implied gain of 19% over the next 12 months.

    By Vineet Kulkarni
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    Company & Industry Overviews

    An Investor’s Guide: A Look at the 10 Largest S&P 500 Utilities

    In this series, we’ll take a look at the top ten largest utility stocks of the S&P 500 Index. We’ll discuss their recent stock performances, valuations, and price targets.

    By Vineet Kulkarni
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    Miscellaneous

    Utilities Tend to Have Inverse Relationship with Interest Rates

    On December 13, 2017, ten-year Treasury yields fell to 2.4%. The ten-year Treasury yields (TLT) reported a yearly high of 2.6% prior to the first rate hike in March 2017.

    By Vineet Kulkarni
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    Company & Industry Overviews

    Dominion Energy’s Expected Earnings and Dividend Growth

    At $52 billion of market capitalization, Dominion Energy is the third-largest utility holding company among the S&P 500 Utilities (XLU).

    By Vineet Kulkarni
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    Company & Industry Overviews

    AES Stock Offers Decent Upside Potential

    AES (AES) has upside potential of 19% from its current price levels of $10.9. Wall Street analysts have given it a price target of $12.9.

    By Vineet Kulkarni
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    Company & Industry Overviews

    Analyzing NEE’s Discounted Yield before the Ex-Dividend Date

    NextEra Energy (NEE) declared a dividend per share of $0.98 per share for 4Q17. The ex-dividend date for these dividends is November 22.

    By Vineet Kulkarni
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    Company & Industry Overviews

    Southern Company’s Latest Valuation, 3Q17 Earnings, and More

    SO stock is now trading at an EV-to-EBITDA multiple of 11.3x. Its five-year historical valuation average is ~11.0x. The industry average is ~11.0x.

    By Vineet Kulkarni
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    Miscellaneous

    NRG Energy’s Chart Indicators and Short Interest

    On July 6, 2017, NRG Energy (NRG) stock was trading at a 1% and 9% premium to its 50-day and 200-day moving average levels, respectively.

    By Vineet Kulkarni
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    Miscellaneous

    XLU: US Utilities Trade in the Oversold Zone

    After a sustained fall in the last few trading sessions, the Utilities Select Sector SPDR (XLU) seems to be trading deep in the oversold zone.

    By Vineet Kulkarni
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    Miscellaneous

    Why Utilities Have an Inverse Relationship with Interest Rates

    Due to heavy infrastructure requirements, utilities (XLU) generally carry large amounts of debt on their books.

    By Vineet Kulkarni
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    Miscellaneous

    Why Utilities React Negatively to Interest Rates

    Utilities tend to carry heavy amounts of debt on their books, and so higher interest rates increase their debt servicing costs.

    By Vineet Kulkarni
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    Miscellaneous

    US Utilities Are Strong after the Fed’s Second Rate Hike

    The Federal Reserve increased its benchmark interest rate by another 25 basis points on June 14, 2017—the second rate hike this year.

    By Vineet Kulkarni
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    Miscellaneous

    Why Utilities Perform Inversely to Interest Rates

    Higher interest rates are generally considered unfavorable to utilities because they carry heavy debt on their books.

    By Vineet Kulkarni
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    Fund Managers

    Will US Utilities Keep Muscling Up?

    XLU has managed to gain nearly 12% so far in 2017. By comparison, SPY has gained 9% during the same period.

    By Vineet Kulkarni
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    Macroeconomic Analysis

    How Higher Interest Rates Can Impact Utilities

    Treasury yields (TLT) become more attractive when interest rates rise, making utilities (XLU) less competitive in terms of yields.

    By Vineet Kulkarni
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    Earnings Report

    Will American Electric Power Beat 4Q16 Earnings Estimates?

    According to analyst estimates, American Electric Power (AEP) will report earnings of $0.54 per share.

    By Vineet Kulkarni
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    Macroeconomic Analysis

    Understanding How Higher Interest Rates Impede Utilities

    The near-zero interest rate environment has resulted in a low cost of debt, which has motivated more new debt issuances by utilities.

    By Vineet Kulkarni
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    Company & Industry Overviews

    XLU: Where Do Short Interest and Chart Indicators Point?

    Higher interest rates are likely to make utilities less appealing for conservative investors if the Federal Reserve sticks to its aggressive rate hike plan in 2017.

    By Vineet Kulkarni
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    Company & Industry Overviews

    Why Are Higher Interest Rates Discouraging for Utilities?

    The near-zero interest rate environment has resulted in a low cost of debt, which has motivated more new debt issuances than new equity issuances.

    By Vineet Kulkarni
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    Earnings Report

    A Look at the Falling US Electricity Prices

    Why have electricity prices fallen? According to the EIA (U.S. Energy Information Administration), residential customers paid 0.7%, or 12.4 cents, less per kilowatt-hour in the first half of 2016 than in the same period last year. Lower natural gas prices were the main driver behind this reduction. Higher natural gas (UNG) prices in the second […]

    By Vineet Kulkarni
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    Fund Managers

    How Are Institutional Investors Playing PPL?

    PPL has huge exposure to UK operations, as it derives more than 65% of its total earnings.

    By Vineet Kulkarni
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    Macroeconomic Analysis

    Climate Change Agenda Includes Social and Corporate Awareness

    Assessment of climate risks should be done at an industry sector level to optimize climate risk opportunities.

    By Isabelle Mateos y Lago
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    Company & Industry Overviews

    Why AEP Plans to Sell Merchant Capacity to Blackstone, ArcLight

    AEP’s four power plants located in Ohio and Indiana will be sold to a new joint venture of Blackstone and ArcLight Capital Partners for $2.2 billion.

    By Vineet Kulkarni
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    Company & Industry Overviews

    RYU, FXU, and JXI: Will These Utility ETFs Outrun Utility Stocks?

    The Guggenheim S&P 500 Equal Weight Utilities ETF (RYU) invests nearly 80% of its portfolio in US utilities and 20% in telecoms.

    By Vineet Kulkarni
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    Miscellaneous

    A Look at How Funds Are Flowing into and out of VPU

    Since July 2016, VPU has experienced net outflows of nearly $320 million.

    By Vineet Kulkarni
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    Company & Industry Overviews

    NiSource’s Pipeline Spin-Off May Be a Bane in the Short Term

    NiSource’s (NI) adjusted EPS (earnings per share) grew by 8%–10% historically because its pipeline segment was growing at a double-digit pace.

    By Vineet Kulkarni
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    Company & Industry Overviews

    Why Some Popular Positions Become Risky

    According to Factset data, around 93% of companies in the utilities (JXI) sector and 80% in the telecom (IXP) sector reported revenues below estimates in the second quarter of 2016.

    By Richard Turnill
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    Macroeconomic Analysis

    Will US Retail Electricity Prices Climb in 2017?

    According to the EIA (Energy Information Administration), residential electricity prices in the US averaged 13 cents per kilowatt-hour in July 2016.

    By Vineet Kulkarni
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    Earnings Report

    Is Duke Energy’s Stock Set to Rise More?

    Currently, Duke Energy (DUK) is trading at a 4% and 10% premium to its 50-day and 200-day moving averages, respectively.

    By Vineet Kulkarni
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    Earnings Report

    Risk Factors to Consider in Holding NextEra’s Stock

    On July 15, 2016, NextEra Energy (NEE) was trading at a 4% and 14% premium to its 50-day and 200-day moving averages, respectively.

    By Vineet Kulkarni
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    Company & Industry Overviews

    What Do AES Corporation’s Institutional Holdings Suggest?

    Institutional investors have increased their positions in AES Corporation (AES) in 2Q16, as compared to where these stood as of March 31, 2016.

    By Vineet Kulkarni
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    Company & Industry Overviews

    Électricité de France’s Operational Insights

    Électricité de France’s adjusted return on equity has fallen drastically due to weak power prices and slowing demand.

    By Vineet Kulkarni
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    Earnings Report

    Divesting Merchant Generation to Improve AEP’s Risk Profile

    American Electric Power’s (AEP) Vertically Integrated Utilities segment plays a key role in driving its performance, accounting for more than half of its total operating income.

    By Vineet Kulkarni
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    Earnings Report

    S&P Downgrades Dominion after Questar Announcement

    On February 1, 2016, Standard & Poor’s downgraded Dominion Resources to a credit rating of BBB+ with a stable outlook. The move came after Dominion announced its merger with Questar.

    By Vineet Kulkarni
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    Earnings Report

    NextEra Energy’s 4Q15 Results: An Expected Rise in Earnings

    NextEra Energy will announce its quarterly earnings for the period ended December 31, 2015, on January 28, 2016. Its expected earnings equal $1.1 per share.

    By Vineet Kulkarni
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    Company & Industry Overviews

    NextEra Energy Continues to Expand Its Renewable Portfolio

    From 2015–2019, NextEra Energy expects to invest $13–$15.8 billion primarily in projects related to capacity addition and transmission reliability.

    By Vineet Kulkarni
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    Company & Industry Overviews

    NextEra’s Growing Customer Base Offsets Its Revenue Headwinds

    NextEra Energy has posted nearly flat revenues in the last eight years. It derives over 70% of its total revenues from its regulated business operations.

    By Vineet Kulkarni
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    Company & Industry Overviews

    SO Reached a Settlement for the Completion of Its Vogtle Plant

    SO’s subsidiary Georgia Power said in December that it had reached a settlement with contractors regarding the construction of its Vogtle nuclear plant.

    By Vineet Kulkarni
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    Company & Industry Overviews

    Why Interest Rates Will Be a Key Indicator for Utilities in 2016

    US utilities (IDU) had a dismal performance in 2015 in part due to the fear of higher interest rates.

    By Vineet Kulkarni
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    Company & Industry Overviews

    PEG Sees Bright Future with a Focus on Transmission

    Public Service Enterprise Group (PEG) is one of the largest and oldest utilities in North America. Its aging infrastructure has become a serious obstacle in its growth over the last couple of years.

    By Vineet Kulkarni
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    Company & Industry Overviews

    S&P Upgraded PPL after the Separation of Its Unregulated Business

    Debt profile PPL (PPL) is looking to strengthen its regulated business by investing $18 billion in the next five years. This funding will mainly be done by long-term debt financing. As of September 30, 2015, the company has total debt of $19.7 billion against equity of $10.2 billion. Of this total debt, $17.7 billion is long-term debt. […]

    By Vineet Kulkarni
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    Company & Industry Overviews

    An Analysis of the Operating Structure of PPL

    PPL is concentrated in the UK. It manages utility operations through PPL Global, PPL Electric, Louisville Gas and Electric, and Kentucky Utilities.

    By Vineet Kulkarni
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    Company & Industry Overviews

    A Key Overview of FirstEnergy’s Operating Structure

    FirstEnergy’s revenues are primarily derived from electric services provided by ten subsidiaries. The company serves a combined population of ~13.5 million.

    By Vineet Kulkarni
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    Company & Industry Overviews

    Utilities Will Concentrate on Transmission and Distribution

    Utilities (IDU) wanted to enhance their operational efficiency when their top line grew. However, the earnings failed to impress.

    By Vineet Kulkarni
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    Earnings Report

    FuelCell Energy’s Service Revenues Down, Product Revenues Up

    FuelCell Energy (FCEL) reported total revenues of $51.5 million for fiscal 4Q15 compared to $54.4 million for fiscal 4Q14.

    By Vineet Kulkarni
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    Company & Industry Overviews

    What Are Exelon’s Key Risk Factors?

    In the last few years, Exelon’s (EXC) long-term borrowing has increased and pushed leverage upwards.

    By Vineet Kulkarni
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    Company & Industry Overviews

    American Electric Power’s Balanced Geographical Revenue Mix

    American Electric Power has a geographically diversified market combination, with a major chunk of its revenue coming from its homeland Ohio.

    By Vineet Kulkarni
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