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☆ This utility stock is the standout of its sector and it's raising its dividend. Here's what Wall Street says is next
▼ + stars: | 2024-03-15 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +6 min

The utilities sector is living in the shadows of mega-cap tech, but a power player name is emerging — and it's toting year-to-date gains of more than 40%. Constellation Energy , headquartered in Baltimore, is the top winner in the utilities sector in 2024, with NRG Energy in a distant second place with a 22.7% advance. Indeed, the utilities sector and real estate are the two laggards of the S & P 500 , down about 1% and 3.5% in 2024, respectively. CEG XLU 1Y line Constellation Energy versus the Utilities Select Sector SPDR Fund over the past year Constellation, which currently has a dividend yield of 0.8%, isn't your father's utility. So-called 24/7 carbon-free power involves purchasing electricity generation from the same region where a corporate client will use it.

Persons: it's, CEG, James Thalacker, It's, Daniel Eggers, Sophie Karp, BMO's, Joseph Dominguez, Steve Fleishman, Ross Fowler Organizations: Constellation Energy, NRG Energy, Utilities, SPDR Fund, BMO Capital, Atlantic City Electric, Baltimore Gas and Electric, Delmarva Power, Constellation, Microsoft, Wolfe Research, Republican, UBS Locations: Baltimore, Virginia

☆ There's historic selling going on in a stock market sector because of rising rates
▼ + stars: | 2023-10-03 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

Utility stocks are getting pummeled to a historic degree as interest rates rise to their highest level in more than a decade, according to technical indicators. XLU 1M mountain Utilities stocks have fallen sharply in recent weeks as interest rates have climbed. "The interest rate regime, I certainly think that's what has caused this latest sell-off. Rising interest rates are a double whammy for utility stocks. "Based on our valuation regression model, which accounts for both interest rates and growth among other factors, utilities still screen ~9% overvalued ...

Persons: Jason Goepfert, SentimenTrader, Chris Verrone, I'm, Goepfert, It's, They're, Josh Brown, NextEra's, Brown, Ross Fowler, — CNBC's Michael Bloom Organizations: Federal, CNBC, Wealth, NextEra Partners, NextEra Energy, UBS

☆ These 2023 underperformers are set for a comeback — 7 stocks with big upside
▼ + stars: | 2023-02-14 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

These stocks are lagging the S & P 500 in 2023, but are favored by analysts who expect a comeback, according to a CNBC Pro screen. Halliburton is due for a comeback, based on the analysts' ratings and price targets. The energy stock declined slightly to start 2023 after surging more than 72% last year. "We are buyers of CEG, which we believe is a significant beneficiary of the IRA, and this is not reflected in the current stock price," analyst Ross Fowler wrote. The Wall Street favorite — with buy ratings from 78% of analysts — has 21% upside to its price target, according to FactSet consensus estimates.

☆ This nuclear stock is the Inflation Reduction Act name ‘to own for 2023 and beyond,’ UBS says
▼ + stars: | 2023-02-07 | by ( Hakyung Kim | ) www.cnbc.com time to read: +1 min

Constellation Energy is UBS's top Inflation Reduction Act beneficiary pick. UBS says the power generator group will see a major long-term upside from a nuclear production tax credit that's part of the climate measure . The tax credit sets an inflation adjusted $40 to $43.75 per megawatt-hour price for the volumes from CEG's merchant nuclear fleet unless power prices fall below $25/MWh, according to UBS. Fowler said that a scenario in which power prices fall below $25/MWh is "highly unlikely for a sustained period." The stock is down nearly 2% in 2023, and it's up 83% over the past 12 months.

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