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Weekly Update- Utility Sector
- 1. Jenna Ecker Ecke0204@d.umn.edu Ashley Boecker Boeck065@d.umn.edu Utilities Weekly Update November 22, 2013 120 100 80 S&P500 60 XLU 40 20 0 5D 3M 6M 1Y 5Y YTD -20 S&P 500 XLU Ticker CNP DUK NU OKE SRE WEC Close $24.57 $71.13 $42.18 $58.95 $89.49 $42.20 5D .75 -1.85 Market Cap 10.09B 49.92 13.10 B 12.16B 21.55B 9.44B 3M 8.79 3.02 P/E (ttm) 30.48 20.76 16.78 43.17 21.74 18.05 XLU News Looking Friday at week-over-week shares outstanding changes, the largest inflow was seen in the Utilities Sector which added 10.2 million shares equaling a 7.6% increase week over week. Among the largest underlying components of XLU, in trading Friday Duke Energy (DUK) is up about 0.2%. 6M 8.58 0.34 F P/E 18.05 15.47 15.32 29.74 19.54 16.21 52W Range 18.79-25.65 61.04-75.46 37.70-45.66 39.39-59.51 65.74-93.00 36.16-45.00 1Y 28.17 11.56 EPS (ttm) 0.77 3.41 2.48 1.37 4.05 2.31 5Y 101.12 27.86 Dividend 0.83 3.12 1.47 1.52 2.52 1.53 YTD 23.25 8.3 Ex-Dividend Date November 13, 2013 November 13, 2013 September 12, 2013 October 31, 2013 September 25, 2013 November 12, 2013
- 2. Jenna Ecker Ecke0204@d.umn.edu Ashley Boecker Boeck065@d.umn.edu Utilities Weekly Update November 22, 2013 CenterPoint Energy (CNP) Ticker Close Market Cap P/E (ttm) F P/E 52W Range EPS (ttm) Dividend CNP $24.57 10.09B 30.48 18.05 18.79-25.65 0.77 0.83 Catalysts CenterPoint Energy owns a portfolio of energy-related businesses. Its regulated electric utility provides service in the Texas Gulf Coast that includes the city of Houston. The company has natural gas distribution systems in six states, including the cities of Houston and Minneapolis, and owns two interstate natural gas pipelines. CenterPoint's field services business gathers and processes natural gas in the midcontinent region and its natural gas marketing business has more than 11,000 commercial and industrial customers. Ex-Dividend Date November 13, 2013 Next Earnings date: February 24, 2014 Planned and Potential Rate Cases Midstream Investment Activity Attractive and Balanced Portfolio Advanced Meter Technology Businesses: News CNP, OGE and ArcLight Capital Partners, LLC announced today that Enable Midstream Partners, LP has filed a registration statement related to the proposed IPO of its common units representing limited partner interests. The offering is expected to occur in the first quarter of 2014. Electric Transmission & Distribution Natural Gas Distribution Interstate Pipelines Field Services Competitive Natural Gas Sales and Services Technical Analysis CNP shares have traded between a low of $18.79 and a high of $25.65 and are now at $24.57, which is 26% above that low price.
- 3. Jenna Ecker Ecke0204@d.umn.edu Ashley Boecker Boeck065@d.umn.edu Utilities Weekly Update November 22, 2013 Duke Energy (DUK) Ticker Close Market Cap P/E (ttm) F P/E 52W Range EPS (ttm) Dividend DUK $71.13 49.92 20.76 15.47 61.04-75.46 3.41 3.12 Catalysts Duke Energy provides electric and gas services in a sustainable way. They are the largest electric power holding company in the United States, supplying and delivering energy to approximately 7.2 million U.S. customers. They have approx. 57,700 megawatts of electric generating capacity in the Carolinas, the Midwest and Florida – and natural gas distribution services in Ohio and Kentucky. Their commercial and international businesses own and operate diverse power generation assets in North America and Latin America, including a portfolio of renewable energy assets. Ex-Dividend Date November 13, 2013 Next Earnings date: February 10, 2014 Increasing Renewable Investments Economic Development Pending Rate Cases Continued Dividend Growth Subsidiaries: News Beginning December 1, 2013 DUK Progress Customers in North Carolina will pay less for electricity. The decrease amounts to $2.12 which is nearly 2 percent per month. DUKE Carolinas, LLC, has filed a new renewable energy program with the NCUC. This is an experimental program designed to give energy-intensive customers the option of offsetting some or all of their energy consumption from new load- with renewable energy. Franchised Electric & Gas Services Duke Energy Renewables Telecommunications Duke Energy Commercial Transmission Commercial Power International Duke Energy Retail Technical Analysis Over the past week, the 200d MA has remained constant while the 50d-MA has advanced 0.5%.
- 4. Jenna Ecker Ecke0204@d.umn.edu Ashley Boecker Boeck065@d.umn.edu Utilities Weekly Update November 22, 2013 Northeast Utilities (NU) Ticker Close Market Cap P/E (ttm) F P/E 52W Range EPS (ttm) Dividend NU $42.18 13.10 B 16.78 15.32 37.70-45.66 2.48 1.47 Catalysts Northeast Utilities operates New England’s largest utility system serving more than 3.6 million electric and natural gas customers in Connecticut, Massachusetts and New Hampshire. NU operates six subsidiaries: Connecticut Light & Power, NSTAR Electric & Gas, NU Transmission, Public Service of New Hampshire, Western Massachusetts Electric Co. and Yankee Gas Services Company. Their overall company vision can be summed up by three words: Energy, Growth, and Leadership. Ex-Dividend Date September 12, 2013 Next Earnings date: February 17, 2014 Transmission Projects (NEEWS) Massive Distribution Expansion Constant Dividend Growth Subsidiaries: News Northeast Utilities is up o.1% since reporting quarterly results 3 weeks ago. Consensus expected earnings of $0.73 on sales of $1.8 billion. The company actually reported EPS of $0.69 on sales of $1.9 billion, missing EPS estimates by $0.04 and beating revenue estimates by $120.0 million. Connecticut Light and Power NSTAR Electric & Gas Public Service of New Hampshire Western Massachusetts Electric Company Yankee Gas Technical Analysis NU may find its initial support at its 200d MA of 42.50 and further support at its 50d MA of $41.89.
- 5. Jenna Ecker Ecke0204@d.umn.edu Ashley Boecker Boeck065@d.umn.edu Utilities Weekly Update November 22, 2013 ONEOK (OKE) Ticker Close Market Cap P/E (ttm) F P/E 52W Range EPS (ttm) Dividend OKE $58.95 12.16B 43.17 29.74 39.39-59.51 1.37 1.52 Catalysts Originally founded in 1906 as an intrastate natural gas pipeline business in Oklahoma, today ONEOK is one of the nation's premier energy companies involved in the natural gas and natural gas liquids businesses. Its business segments provide safe, reliable energy and services to their diverse customers. By following a strategy that blends the performance and profitability of all of the segments, ONEOK's balanced business mix enables it to deliver sustainable earnings growth for shareholders. ONEOK’s success is driven by employees who strive to better not only their company but also the communities in which they live. Ex-Dividend Date October 31, 2013 Next Earnings date: February 24, 2014 Organic Growth Projects Increasing demand for NGL’s New entity ONE Gas Subsidiaries: Oklahoma Natural Gas Kansas Gas Service Texas Gas Service News Shares of OKE surged 2.47% on Friday and hit a new 52 week high of $59.03. A total of 1.35 million shares were traded, which is above the daily average volume of 1.25 million. OKE has outperformed the S&P 500 for the past three months. Technical Analysis Over the past week, the 200d MA has gone up 0.5% while the 50d MA has advanced 1.1%. It is currently 50% above its YTD low.
- 6. Jenna Ecker Ecke0204@d.umn.edu Ashley Boecker Boeck065@d.umn.edu Utilities Weekly Update November 22, 2013 Sempra Energy (SRE) Ticker Close Market Cap P/E (ttm) F P/E 52W Range EPS (ttm) Dividend SRE $89.49 21.55B 21.74 19.54 65.74-93.00 4.05 2.52 Catalysts Sempra Energy SRE was founded in 1998 and is headquartered in San Diego, California. It serves one of the largest utility customer bases in the U.S., distributing natural gas and electricity to customers in Southern California. Its SoCalGas and San Diego Gas and Electric divisions distribute gas to more than 20 million customers. The firm's nonCalifornia affiliates own and operate merchant power plants, operate LNG facilities, and manage gas pipelines in the U.S. and Latin America, as well as gas and electric utilities. Ex-Dividend Date September 25, 2013 Next Earnings date: February 24, 2014 Focus on renewable and alternative energy Growth through emerging markets Investment in Infrastructure Subsidiaries: News Sempra is one of today’s biggest movers, down 1.6% to $87.92. Sempra has potential upside of 8.1% based on their current price. SDG&E is issuing free appliance safety checks to all their customers before winter arrives and is highly recommending safety precautions to customers before they dig. San Diego Gas & Electric Southern California Gas Co. Sempra U.S. Gas & Power Sempra International LNG Technical Analysis SRE’s is trading 34% above its 52 week low. In the last 5 trading sessions, the 50d MA has climbed 0.3% while the 200d MA has risen 0.2%.
- 7. Jenna Ecker Ecke0204@d.umn.edu Ashley Boecker Boeck065@d.umn.edu Utilities Weekly Update November 22, 2013 Wisconsin Energy (CNP) Ticker Close Market Cap P/E (ttm) F P/E 52W Range EPS (ttm) Dividend WEC $42.20 9.44B 18.05 16.21 36.16-45.00 2.31 1.53 Catalysts Wisconsin Energy Corporation, through its subsidiaries, generates and distributes electric energy, as well as distributes natural gas. The company operates in two segments, Utility Energy and NonUtility Energy. It generates electricity from coal, natural gas, wind, biomass, and hydro sources. The company provides electric utility services to customers in the mining, paper, foundry, food products, and machinery production industries, as well as to the large retail chains, municipally owned systems, rural cooperatives, and municipal joint action agencies; and gas utility services to the paper, food products, and fabricated metal products industries. Ex-Dividend Date November 12, 2013 Next Earnings date: February 6, 2014 Stable EPS growth Increasing dividend growth and payout ratio Infrastructure investment to maintain the highest level of reliability Renewable standards portfolio growth Subsidiaries: We Energies W.E. Power, LLC WISPARK, LLC News Today WEC crossed their pivot point support at $41.70. Should the shares continue to fall, the support pivots of $41.51 and $40.99 will be of interest. We Energies has received the 2013 Reliability One national award for superior reliability of its electric system. Technical Analysis Over the last five market days, the 200d MA has remained constant while the 50d MA has advanced 0.3%.