|Bid||75.870 x 100|
|Ask||75.880 x 500|
|Day's Range||74.920 - 76.005|
|52 Week Range||70.870 - 85.300|
|PE Ratio (TTM)||22.39|
|Earnings Date||Jan 29, 2018|
|Forward Dividend & Yield||3.08 (4.11%)|
|1y Target Est||81.42|
According to Wall Street analysts’ estimates, Duke Energy (DUK) stock has an estimated upside of more than 11% given its mean price target of $86.0. SunTrust Robinson Humphrey cut Duke Energy’s target price from $81.0 to $78.0 on January 16, 2018. Goldman Sachs cut Duke Energy’s rating from a “buy” to a “neutral” last week.
Top-regulated utility Duke Energy’s (DUK) correction has made it relatively cheap in the last month. Large-cap utilities such as NextEra Energy (NEE) and Dominion Energy (D) are trading at large premiums compared to their historical average valuations and the industry average. Duke Energy stock is currently trading at a PE (price-to-earnings) multiple of 20x, higher than the industry average PE multiple of ~16x.
Broader utilities have largely been falling every day since the beginning of 2018 with just a few exceptions. Overvaluation concerns, gradually rising interest rates, and tax reforms could mainly be blamed for utilities’ fall. To add to the woes, citing negative impacts of lower taxes, rating agency Moody’s downgraded 25 US regulated utilities on January 19, 2018.
Dominion Energy is making headlines because of the proposed SCANA deal, but that's just one of the opportunities ahead for the giant utility
If you agree with the notion that boring is good, then check out this energy company and this petroleum pipeline operator.
Renewables leader NextEra Energy (NEE) will report its 4Q17 and 2017 earnings on January 26, 2018. According to Wall Street analysts, NEE is expected to report total revenue of $4.1 billion for the quarter ended on December 31, 2017, compared to its revenue of $3.7 billion in the same quarter last year. The largest utility by market cap, NextEra Energy has been posting stronger earnings over the last several quarters.
RICHMOND, Va., Jan. 18, 2018 /PRNewswire/ -- Dominion Energy announced today it will once again provide $1 million in environmental grants this year through the Dominion Energy Charitable Foundation. The competitive program is designed to support specific short-term projects by nonprofit organizations and schools working to improve the environment and provide environmental education experiences in communities served by Dominion Energy. "Each year, we are so impressed by the variety and quality of environmental programs and educational efforts in our communities," said Hunter A. Applewhite, president of the Dominion Energy Charitable Foundation.
While utilities have witnessed massive weakness in the last few weeks, one of the smallest components of the S&P 500 Utilities Index (XLU) has been gaining momentum—AES (AES). AES stock has managed to gain ~5% in the past month, while broader utilities have corrected more than 10% during the same period. It’s expected to provide little or no benefits to regulated utilities.
The Utilities Select Sector SPDR ETF (XLU) continued its downward streak last week as well. It is currently trading in the oversold zone with its RSI (relative strength index) at 18. Its current RSI levels indicate that it might see a reversal in the near future.
RICHMOND, Va., Jan. 16, 2018 /PRNewswire/ -- Today, Dominion Voltage Inc. (DVI), a subsidiary of Dominion Energy (NYSE:D) and leader in Volt/VAR optimization "VVO" solutions, announced it plans to work with the energy companies of Ontario to help deliver on the goals outlined in the government's Long-Term Energy Plan. The enhancements to the Plan are important step to unlocking the full energy savings potential available in the modern distribution system, estimated to save 185 megawatts annually, establishing Ontario as a leader in energy conservation.
Dominion Energy or Sempra Energy: Which Could Be Stronger? According to Wall Street analysts’ consensus, Dominion Energy (D) has a mean target price of $82.2, which indicates the potential to gain nearly 8% in a year. Goldman Sachs raised Dominion Energy’s target price from $77.0 to $80 on January 11, 2018.
The stock of Exelon Corporation (EXC), the largest hybrid utility and the largest utility by revenue, has a mean price target of $43.2, implying a potential upside of 12% over the next 12 months. EXC is currently trading at $38.6. SunTrust Robinson Humphrey cut Exelon’s price target from $45.0 to $42.0 on January 8, 2018.
While utility executives warn that South Carolina Electric & Gas Co. could go bankrupt over the cancelled V.C. Summer nuclear plants, investors think that state regulators and Dominion Energy Inc. will ...