Utility companies provide electricity, natural gas, water, and other basic amenities to people. Therefore, investors usually prefer to have utility stocks in their portfolio as long-term investments that can give a stable return over time.
Here, we explore the stocks of some of the top US-based utility companies on the S&P 500 Index.
NextEra Energy, Inc. (NYSE: NEE)
The Florida-based clean energy company owns the electric utility firm Florida Power & Light Company. It also provides renewable energy from the wind and sun, as well as battery storage. In March, NextEra bought transmission company GridLiance from Blackstone for approximately US$660 million.
The company has US$143.87 billion in market capitalization. The stock is down 4.93 percent year to date. During the 52-week period, the share price was in the range of US$58.44 to US$87.69.
NextEra reported operating revenue of US$3.73 billion of its first quarter ended March 31. Adjusted net income came in at US$1.33 billion, or 67 cents per share.
The company projects adjusted EPS in 2021 to be between US$2.40 and US$2.54. NextEra anticipates its adjusted earnings to grow at 6 percent and 8 percent in 2022 and 2023, respectively, from the 2021 level.
NextEra paid a common stock dividend of 38.5 cents per share on June 15.
Duke Energy (NYSE: DUK)
This energy holding company’s electric utility unit serves 7.9 million customers and owns 51,000 megawatts of energy capacity, while its natural gas unit serves 1.6 million customers.
Duke Energy has a market value of US$76.29 billion. Its share price rose 8.34 percent year to date. The stock traded in the range of US$77.58 to US$108 in the 52-week period.
The North Carolina-based company’s operating revenue in the first quarter totaled US$6.15 billion while it booked a net income of US$953 million. In 2020, the company had generated US$23.87 billion in operating revenue.
Duke Energy targets to cut at least 50 percent of carbon footprint by 2030 and net-zero carbon emissions by 2050.
The company paid a quarterly cash dividend of 96.5 cents on its common stock on June 16.
READ MORE: Three Utility Stocks To Watch In 2021
Sempra Energy (NYSE: SRE)
Sempra Energy is a North American energy company that invests in energy infrastructure and provides electric and gas services. It had over US$66 billion worth of asset at the end of 2020.
The company has US$41.05 billion in market value. The stock is up 6.42 percent this year. Its shares traded between US$112.16 and US$144.93 in 52 weeks.
During the three months ended in March, Sempra’s revenue was US$3.26 billion while net income totaled US$928 million. The San Diego-based company expects its 2021 adjusted EPS in the range of US$7.50 to US$8.10.
Recently, Sempra declared a quarterly dividend of US$1.10 per share.
Dominion Energy (NYSE: D)
Dominion provides electricity and natural gas in the US. It serves 7 million customers across the US. The company aims to achieve net-zero emissions from its operations by 2050.
Dominion has US$60.13 billion in market capitalization. The share price is down 0.93 percent this year. During the 52-week period, the shares traded between US$67.85 and US$86.95.
The Richmond-based energy company’s operating revenue was US$3.87 billion in the first quarter. Operating earnings came in at US$893 million, or 1.09 per share. The company projects its 2021 operating earnings to be in the range of US$3.70 to US$4.00 per share.
Dominion paid 63 cents per share as a quarterly dividend to stockholders on June 20.
The Southern Company (NYSE: SO)
Southern Company’s subsidiaries include electric operating companies and natural gas distribution companies. The company serves 9 million customers in the US. The Atlanta-based company aims to achieve net-zero greenhouse gas emissions by 2050.
It has a market cap of US$65.07 billion. The stock return remains flat year to date. In the 52-week period, the share price was in the range of US$50.40 to US$66.93.
Southern Company reported operating revenues of US$5.9 billion in the first quarter while totaled US$1.14 billion, or US$1.07 per share.
In April, the company raised its annual dividend by 8 cents to US$2.64 per share.
CenterPoint Energy, Inc. (NYSE: CNP)
The electric and gas utility company has over 7 million customers in the US. It has assets worth US$33 billion at the end of 2020.
CenterPoint has US$14.34 billion in market value. The stock gained 14.4 percent year to date. It traded in the range of US$17.53 to US$26.18 in the 52-week period.
The Texas-based energy company reported a first-quarter income of US$334 million, or US$0.56 per share, compared to a loss of US$1.23 billion, or a loss of US$2.44 per share in the year-ago quarter.
In April, the company sold Arkansas and Oklahoma natural gas LDC assets for US$2.150 billion.
CenterPoint paid a quarterly common stock dividend of 16 cents per share on June 10.
Eversource Energy (NYSE: ES)
This public utility holding company serves 4.3 million customers in the US through its subsidiaries, including The Connecticut Light and Power Co., NSTAR Electric, NSTAR Gas and Public Service Company of New Hampshire.
Eversource is valued at US$27.04 billion. The stock lost 8.9 percent this year. The shares have a trading range of US$76.64 to US$96.66 in 52 weeks.
In the March quarter, the Boston-based company’s earnings totaled US$366.1 million, or US$1.06 per share, while it had operating revenue of US$2.83 billion.
Eversource will pay a dividend of 60.25 cents per share for the quarter on June 30.
American Water Works Company, Inc. (NYSE: AWK)
The New Jersey-based company provides drinking water and wastewater services to people in the US.
American Water Works has US$28.38 billion in market value. The shares grew 1.89 percent this year. The stock price was between US$120.67 and US$172.56 in the 52-week period.
The company reported operating revenue of US$888 million in its first quarter. EPS came in at 73 cents share. For the full-year 2021, it projects EPS between US$4.18 and US$4.28.
American Water Works paid 60.25 cents per share in the quarterly dividend to its shareholders this month.