The Dow Jones Utility Average finished the month of October up 1.9 percent. That was almost 9 percentage points better than the S&P 500, and despite rising interest rates.
Historically, a positive October for utilities has meant a solid finish to the year. This time, the sector will have two other potential catalysts to help it along: Strong third quarter earnings and guidance, and what appear to be mostly supportive outcomes from the recent nationwide elections.
I highlight numbers and guidance for the 200 plus essential service companies of our coverage universe in the Utility Report Card.
NextEra Energy’s (NYSE: NEE) third quarter results are impressive, but the best news is inside that performance.
The final three months of the year are seasonally strong for utility stocks. Since 1969, the Dow Jones Utility Average (DJUA) has posted positive returns in 39 Octobers and 40 Q4s, including (barely) last year.
Southern Company (NYSE: SO) has reached a deal with its partners to keep building two new nuclear reactors at the Vogtle site in Georgia.
Comcast bests Disney in its bid for European entertainment giant Sky: Here's the latest news on this and other current M&A deals.
California's historic Camp Fire, so far has claimed more than 60 lives, and estimates of damage to property are in already in the tens of billions. With super-dry conditions in the west and hurricanes in the east recurring more frequently," US utilities now face an increasing challenge ensuring grid resiliency and safety in a new abnormal of violent weather.
Less than a year ago, investors could buy all the Verizon Communications (NYSE: VZ) they wanted at a price in the low 40s, but shares today are closing in on their all-time highs.
Kinder Morgan Inc (NYSE: KMI) is gathering strength and holds favorable portents for the rest of the sector, but remains largely unappreciated by investors.
Already hard-hit areas of the Carolinas braced today for Hurricane Michael while residents of Florida’s Gulf Coast worked to dig themselves out from possibly the worst weather event ever to hit their region.
Duke Energy (NYSE: DUK) is facing challenges in the wake of Hurricane Florence, but its overall performance is hard to fault.
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Roger's current take and vital statistics on more than 200 essential-services stocks.