7 hot utility stocks to explore as demand for services goes up - Kalkine Media

August 06, 2021 09:10 AM PDT | By Team Kalkine Media
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Summary

  • Dominion Energy, Inc. (NYSE: D) reported revenue of US$3.8 billion in Q1 this year.
  • Edison International (NYSE: EIX) reported a net income of US$361 million in Q2 this year.
  • NRG Energy, Inc (NYSE: NRG) has a market cap of US$10.2 billion.

Utility stocks are companies that provide supplies like water, gas, electricity, and renewable energy. They provide essential services and are always in demand. The sector is sensitive to the prices of gas, coal, and crude oil. The companies require a massive amount of infrastructure, and hence new companies find it challenging to get into the market.

Here we explore utility stocks drawing attention from investors in recent times.

Dominion Energy, Inc. (NYSE: D)

Dominion Energy, Inc produces and distributes energy in the US. The stock of the US-based company traded at US$75.77 at 8.19 am ET on August 6, down by 0.41 percent over the closing price of August 5.

The stock value of Dominion went up by 1.12 percent YTD. Its market cap is US$61.3 billion. The P/E ratio and the forward P/E one year is 72.46 and 19.71. The earnings per share (EPS) is US$1.05, and the annual dividend is US$2.52.



Source: Pixabay.

The highest and lowest stock price of this utility enterprise for 52 weeks is US$86.95 and US$67.85. The share volume is 2,519,809.

The total revenue of the company for Q1 of this year is US$3.8 billion against US$3.5 billion of Q1 last year. The net income for Q1, 2021 is US$1 billion versus US$1.6 billion of Q1, 2020.

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Edison International (NYSE: EIX)

Edison International supplies and delivers electricity. The stock of the American company traded at US$55.23 at 9.01 am ET on August 6. The stock value of the EIX went down by 12.08 percent YTD.

The market capitalisation of the electric utility company is US$20.9 billion. The P/E ratio is 25.69 and the forward P/E one year is 12.36. The EPS and the annual dividend is US$2.15 and US$2.65.

The highest and lowest stock value of the EIX for 52 weeks is US$66.68 and US$48.87. The share volume is 1,475,636.

The total revenue of EIX for Q2, 2021 is US$3.2 billion, while that is US$2.9 billion in Q2, 2020. The net income for this quarter of 2021 is US$361 million versus US$348 million in Q2, 2020.

Source: Pixabay.

NRG Energy, Inc (NYSE: NRG)

NRG Energy, Inc produces electricity, supplies gas to consumers and provides energy solutions. The stock of the electric utility company traded at US$42.25 at 8.48 am ET on August 6, up by 0.67 percent over the closing price of August 5.

The stock value of the NRG went up by 11.77 percent YTD. It has a market cap of US$10.2 billion. The P/E ratio is 9.56, while the forward P/E one year is 8.15. The EPS and annual dividend are US$4.39 and US$1.30.

The highest and lowest stock price of a multinational enterprise for 52 weeks is US$44.08 and US$28.22. The share volume is 2,869,047.

The total revenue of the company for Q1 of 2021 is US$5.2 billion and US$2.2 billion in Q2, 2020. The net income for the period is US$1 billion versus US$313 million in Q2, 2020.

Xcel Energy Inc (Nasdaq: XEL)

Xcel Energy Inc provides electricity and natural gas to the customers. The stock of the public utility company traded at US$69.24 at 9.15 am ET on August 6.  The stock value of the XEL went up by 3.85 percent YTD.

It market cap is US$37.2 billion. The P/E ratio and the forward P/E ratio one year is 23.63 and 23.31. The EPS and the annual dividend is US$2.93 and US$1.83.

The highest and lowest stock price of XEL for 52 weeks is US$76.44 and US$57.23. The share volume is 2,025,768.

The total revenue of the US-based company for Q2 this year is US$3 billion and US$2.5 billion for Q2, 2020. The net income for Q2, 2021 is US$311 million and US$287 million in Q2, 2020.

First Energy Corp (NYSE: FE)

First, Energy Corp distributes electricity. The stock of the electric utility company traded at US$38 at 9.20 am ET on August 6, up by 0.08 percent over the closing price of August 5. The stock value of the American company surged by 24.04 percent YTD.

The market capitalisation of the electric utility company is US$20.6 billion. The P/E ratio is 18.8, while the forward P/E one year is 14.89. The EPS and the annual dividend is US$2.02 and US$1.56.

The highest and the lowest stock price of FE in the last 52-weeks were US$39.74 and US$26.16. The share volume is 4,001,254.

The total revenue for Q2, 2021 is US$2.6 billion against US$2.5 billion in Q2, 2020. The net income for Q2 this year is US$58 million and US$309 million in Q2, 2020.

Entergy Corporation (NYSE: ETR)

The stock of the electric distribution company traded at US$106.46 at 9.46 am ET on August 6. The stock value of the utility company surged by 6.63 percent YTD.

The US$21 billion company has a P/E ratio of 17.31, and the forward P/E one year of 17.71. The EPS and the annual dividend are US$6.15 and US$3.80, respectively.

The highest and the lowest stock price of ETR in the last 52-weeks were US$113.36 and US$85.78. The share volume is 1,109,619.

The total revenue of ETR in Q2, 2021 is US$2.8 billion against US$2.4 billion in Q2, 2020. The net income for Q2 this year is US$525.7 million and US$240.5 million in Q2, 2020.

The AES Corporation (NYSE: AES)

The stock of the electric generation company traded at US$25.22 at 9.44 am ET on August 6, up by 1.45 percent over the closing price on August 5. The stock value of the AES surged by 5.74 percent YTD.

The market capitalisation of the electric utility company is US$16.5 billion. The forward P/E one year is 16.14. The EPS and the annual dividend is US$-0.21 and US$0.602.

AES’ 52-week highest and lowest stock prices were US$29.07 and US$15.24. The share volume is 10,640,792.

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The company reported adjusted earnings of US$28 million in Q2, 2021. The revenue for the same period is US$2.7 billion against US$2.2 billion in Q2, 2020. The EPS is US$0.04 against US$0.12 in Q2, 2020.

 

Please note: The above constitutes a preliminary view, and any interest in stocks/cryptocurrencies should be evaluated further from an investment point of view.


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