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The index was created in 1929 when all utility stocks were removed from the Dow Jones Industrial Average. On April 20, 1965, the index closed at 163.32. On September 13, 1974, the index closed at 57.93.
BofA Securities analyst Ross Fowler initiated coverage on California Water Service Group (NYSE:CWT) with a Buy rating and price forecast of $57, which implies an upside potential of 17%. Per ...
The final stock on this list is NextEra Energy (NYSE: NEE), one of the largest electric utilities in the world. The stock is up approximately 19% in 2024 and currently pays a quarterly dividend of ...
Neha Chamaria (Duke Energy): Duke Energy's dividend yield of 3.6% isn't among the highest in the utility sector, but the stock has been one of the top performers in recent years, more so when ...
The S&P 500 is a stock market index maintained by S&P Dow Jones Indices. It comprises 503 common stocks which are issued by 500 large-cap companies traded on the American stock exchanges (including the 30 companies that compose the Dow Jones Industrial Average). The index includes about 80 percent of the American market by capitalization.
The utility sector has dramatically underperformed the S&P 500 index over the past year, trailing the broader market by over 15 percentage points. Higher interest rates are a big part of the story ...
The value of the index can also be calculated as the sum of the stock prices of the companies included in the index, divided by a factor, which is approximately 0.163 as of November 2024. The factor is changed whenever a constituent company undergoes a stock split so that the value of the index is unaffected by the stock split.
In the first six months of 2024, NextEra Energy's stock price gained roughly 16.5%. By comparison, the S&P 500 rose a slightly less impressive 14.5%. And the Utilities Select Sector SPDR ETF ...