James O'Neil Out of the 14 S&P 500 utilities companies that reported their quarterly results this week, 12 surpassed earnings expectations. On the revenue front, 11 companies beat Wall Street forecasts, while three missed. The State Street Utilities Select Sector SPDR ETF ( XLU ) rose 4.8% year-to-date, compared to the S&P 500’s ( SP500 ) 8% gain. Below are the latest quarterly reports from five i...
James O'Neil Out of the 14 S&P 500 utilities companies that reported their quarterly results this week, 12 surpassed earnings expectations. On the revenue front, 11 companies beat Wall Street forecasts, while three missed. The State Street Utilities Select Sector SPDR ETF ( XLU ) rose 4.8% year-to-date, compared to the S&P 500’s ( SP500 ) 8% gain. Below are the latest quarterly reports from five industry giants: AEP ( AEP ) outlined $78B capital plan and targets 7%-9% earnings growth through 2030 while reaffirming $6.15-$6.45 EPS for 2026. Duke Energy ( DUK ) reaffirmd $6.55-$6.80 2026 EPS range, targets top-half 5%-7% growth from 2028 as ESAs reach 7.6 GW. Sempra ( SRE ), meanwhile, missed top-line estimates. It also affirmed the full year 2026 adjusted EPS guidance range of $4.80 to $5.30 and the 2027 EPS guidance range of $5.10 to $5.70. NiSource ( NI ) signaled a 9% to 10% EPS CAGR through 2033 as it raised 2033 GenCo EPS to $0.40-$0.60. NiSource also reaffirmed its 2026 non‑GAAP consolidated adjusted EPS guidance of $2.02-$2.07. Eversource ( ES ) outlined revised 2026 non-GAAP EPS of $4.57-$4.72 amid FERC ROE reset to 9.57%. E versource expects annual earnings growth towards the upper half of its long-term guidance by 2028. More on State Street Utilities Select Sector SPDR ETF Finding The Opportunities After The Selloff And End Of The War GUT Is Good, But XLU Is Better XLU: Why It Is A Good Time To Take Profits Data center surge pushes PJM to rethink power market structure Weekly ETFs: Eight of 11 sectors record outflows; financial sector leads inflows
Shares of Medtronic (NYSE: MDT) are down 40% from their 2021 high. The dividend yield is a historically high 3.6%. Although this medical device maker is deeply unloved, now could be a good time for savvy investors to start adding it to their portfolios. Here's why. Medtronic is facing headwinds. Growth and profitability have both been weak spots. But management is attempting to improve its busines...
Shares of Medtronic (NYSE: MDT) are down 40% from their 2021 high. The dividend yield is a historically high 3.6%. Although this medical device maker is deeply unloved, now could be a good time for savvy investors to start adding it to their portfolios. Here's why. Medtronic is facing headwinds. Growth and profitability have both been weak spots. But management is attempting to improve its business performance. Image source: Getty Images. Continue reading
Globalstar (NasdaqGS:GSAT) has entered a definitive merger agreement to be acquired by Amazon. The deal follows an FCC decision that reaffirmed Globalstar's exclusive Mobile Satellite Services rights in the Big LEO spectrum band. At a current share price of $81.48, Globalstar sits at the center of a high profile move in the low Earth orbit satellite space. The stock has returned 27.3% year to date...
Globalstar (NasdaqGS:GSAT) has entered a definitive merger agreement to be acquired by Amazon. The deal follows an FCC decision that reaffirmed Globalstar's exclusive Mobile Satellite Services rights in the Big LEO spectrum band. At a current share price of $81.48, Globalstar sits at the center of a high profile move in the low Earth orbit satellite space. The stock has returned 27.3% year to date and 303.6% over the past year, with a 432.5% gain over three years and a very large increase...
Key PointsREDW Wealth increased its USTB holding by 57,389 shares in the first quarter; the estimated transaction value was $2.92 million based on quarterly average pricing.
Key PointsREDW Wealth increased its USTB holding by 57,389 shares in the first quarter; the estimated transaction value was $2.92 million based on quarterly average pricing.
Cherry Hill Mortgage Investment (NYSE:CHMI) reported a first-quarter loss as management said geopolitical volatility, higher inflation expectations and wider mortgage spreads weighed on performance late in the period. President and CEO Jay Lown said markets began the quarter wit
Cherry Hill Mortgage Investment (NYSE:CHMI) reported a first-quarter loss as management said geopolitical volatility, higher inflation expectations and wider mortgage spreads weighed on performance late in the period. President and CEO Jay Lown said markets began the quarter wit