68.45 0.00 (0.00%)
After hours: 5:00PM EDT
|Bid||68.55 x 200|
|Ask||68.74 x 100|
|Day's range||68.22 - 69.36|
|52-week range||68.22 - 85.30|
|PE ratio (TTM)||14.52|
|Earnings date||2 May 2018 - 7 May 2018|
|Forward dividend & yield||3.34 (4.83%)|
|1y target est||79.14|
There was some weakness in broader markets throughout last week due to fears of a trade war. At the same time, the defensives (utilities) steadily rose and gained approximately 2% last week (the week ended on March 16, 2018). The Fed’s aggressive stance about interest rate hikes has strongly weighed on them recently.
The troubled utility (and its customers) will get a bailout from Dominion Energy if the merger goes through. How will it affect shareholders?
On average, utilities (XLU) are expected to increase their dividend per share 4%–6% for the next few years—in line with their earnings growth. Interestingly, NextEra Energy’s (NEE) above average dividend growth is expected to continue for the next few years—mainly because of its higher earnings growth. NextEra Energy is aiming for annual dividend growth of ~13% for the next few years.
NiSource isn't a household name among investors, but the low-risk utility stock -- and its 3.4% dividend -- deserves a little more attention.
What do a real estate investment trust, a utility, and a technology giant have in common? Attractive yields, expected growth, and a measure of stability.
As discussed in the previous part, in the last five years, Xcel Energy (XEL) has increased its per-share dividends more than the industry has. It aims for similar dividend growth going forward, targeting annual ~6% per-share dividend growth for the next few years. Regulated utilities Duke Energy (DUK) and Southern Company (SO) are aiming to meet the industry average dividend growth of 4.0%–6.0%.