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Has Duke Energy Stock Turned Cheap after Its Recent Fall?

Top-regulated utility Duke Energy’s (DUK) correction has made it relatively cheap in the last month. However, it still seems to be trading at a premium to both its historical average and its peer average. It’s currently trading at an EV-to-EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) multiple of 11.4x. Its five-year historical average valuation is near 10. (1-0)

How Top S&P 500 Utilities Are Currently Valued

Very few utilities are trading at a fair valuation among the S&P 500 Utilities Index (XLU). NextEra Energy (NEE), the largest component of XLU, is trading at an EV-to-EBITDA valuation of 13x—higher than its five-year historical valuation. Duke Energy (DUK) stock is also trading at a valuation multiple of 11.4x, while Southern Company (SO) stock is trading at ~10.5x. (1-0)

U.S. South Defies Solar Slowdown as Utilities Tap Savings - Bloomberg

2018-01-20 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. (3-0)

The Top 10 Value Stocks in the S&P 500

2018-01-19 investorplace
“Value will have its day in the sun.” That’s what John Buckingham, a veteran value investor and chief investment officer at AFAM Capital Asset Management, recently told Kiplinger in an interview. (264-1)

Exelon (EXC) Unit to Pass TCJA Savings to Residential Users

2018-01-19 zacks
Exelon Corporation (EXC - Free Report) announced that its subsidiary Commonwealth Edison Company (ComEd) has received necessary approval from The Illinois Commerce Commission (“ICC”) to pass on the tax savings resulting from the implementation of the Tax Cuts and Jobs Act (TCJA). The new act became effective Jan 1, 2018 and has lowered the corporate tax rate from 35% to 21%. This led to reduction in the amount of federal income tax ComEd will pay to the government. (4-0)

Stock Market News for Jan 19, 2018

2018-01-19 zacks
Benchmarks closed in negative territory on Thursday following concerns over a likelihood of a government shutdown. Sectors like real estate and utilities, which are considered as alternatives to bonds, declined after yield on 10-year Treasury notes reached its highest level since 2014. Additionally, increase in U.S. gasoline inventories and sharp rise in domestic crude production weighed on oil prices, which in turn led the energy sector downward. (90-0)

AVANGRID's Unit Signs Renewable Deal with Nike to Expand

2018-01-19 zacks
AVANGRID, Inc.’s (AGR - Free Report) subsidiary, Avangrid Renewables, announced that it has signed a power purchase agreement (PPA) regarding a second wind contract with Nike, Inc. (NKE - Free Report) . (8-0)

How NextEra Energy Stock Is Currently Valued

Even after a sharp recent correction, utilities have continued to trade at a premium valuation compared to their historical multiples. On January 17, 2018, NextEra Energy (NEE), the biggest constituent of the S&P 500 Utilities Index, was trading at an EV-to-EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) valuation multiple of over 13x. (1-0)

Assessing NextEra Energy’s 4Q17 Earnings and Growth Prospects

According to analysts’ estimates, Juno Beach, Florida-based NextEra Energy (NEE) will report EPS (earnings per share) of $1.31 for the quarter ended December 31, 2017. In the same quarter in 2016, NEE earned EPS of $1.21, indicating a rise of 8.3% year-over-year. (1-0)

Will NextEra Energy Beat 4Q17 Revenue Estimates?

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. (36-0)

These 5 S&P 500 Utilities Offer Highest Dividend Yields

The utilities sector continues to be one of the top-yielding sectors among broader markets. The Utilities Select Sector SPDR ETF (XLU), which tracks the S&P 500 Utilities Index, is currently trading at a dividend yield of 3.5%. It’s trading at a large premium to broader markets (SPX-INDEX) (SPY) and even to Treasury yields (TLT). (1-0)

AES Stock Is Overbought, Peers Trade in the Deep Oversold Zone

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. (1-0)

NextEra Unit to Use $1.3B Tax Savings to Recoup Storm Costs

2018-01-18 zacks
NextEra Energy, Inc.’s (NEE - Free Report) subsidiary Florida Power & Light Company (“FPL”) announced its plans to apply federal tax savings toward the Hurricane Irma restoration cost of $1.3 billion. After recovering the costs, the unit anticipates saving each of its 4.9 million customers an average of approximately $250. (8-0)

Consolidated Edison: Great Utility, Very Bad Price

2018-01-18 seekingalpha
Consolidated Edison is a classic play in the utility sector with growth vectors in the natural gas distribution business. (3-0)

SCANA Is Losing Its Value

2018-01-17 seekingalpha
Falling utility stock prices, political maneuvering in South Carolina, and skepticism about the merger are contributing to declines in the value of SCANA. (1-0)

CUSIP: 65339F101