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AES (AES) is a Top Dividend Stock Right Now: Should You Buy?
ZACKS· 2024-09-27 16:46
Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its di ...
AES: Undervalued With Underappreciated Growth Prospects
Seeking Alpha· 2024-09-19 13:44
The Utilities sector has been on a tear in 2024, ranking as the second-best performing sector, just after Information Technology. With many companies now trading at valuations above their recent historical averages, finding opportunities at attractive prices has Dr. Joseph Jones, professor at The University of Southern Mississippi, has over fifteen years of experience studying the market. He focuses on portfolio construction from a dividend growth investor's perspective. The opinions and insights expressed ...
AES or OGE: Which Is a Better Utility Electric Power Stock?
ZACKS· 2024-09-18 14:02
Utilities benefit from various favorable factors, such as new electric rates, customer additions, cost management and the implementation of energy-efficiency programs. Also, the ongoing investments to improve the resiliency of electric infrastructure against extreme weather conditions and the ongoing transition to cost-effective, renewable energy sources to produce electricity aid the power industry.Regardless of economic cycles, there is a relatively constant demand for the services offered by utilities, w ...
AES Announces Strategic Partnership with CDPQ to Support AES Ohio's Robust Growth Plans
Prnewswire· 2024-09-17 11:00
ARLINGTON, Va. and MONTRÉAL, Sept. 17, 2024 /PRNewswire/ -- The AES Corporation (NYSE: AES) today announced that it reached an agreement to sell a 30% indirect equity interest in AES Ohio to CDPQ, a global investment group, for approximately US$546 million, with closing expected in the first half of 2025.This agreement expands upon AES' existing partnership with CDPQ at AES Indiana and creates a similar ownership structure for the two utilities, with no change in management or operational control of AES Ohi ...
5 Stocks That Led the SPY ETF to Log Its Best Week in 2024
ZACKS· 2024-09-16 20:01
Market Overview - Wall Street experienced strong weekly gains, with the S&P 500 and Nasdaq marking their best week of the year, driven by rising expectations for a significant interest rate cut by the Federal Reserve [1] - The Nasdaq rose over 5%, the S&P 500 gained 4%, and the Dow increased by 2% amid a volatile market [1] Interest Rate Expectations - Anticipation for a half-point interest rate cut by the Federal Reserve increased, with traders now assigning a 49% probability to a 50-basis point cut next week, up from 15% on September 12, 2024 [2] - Reports from Financial Times and The Wall Street Journal indicated that the Fed's decision on September 18 will be closely contested, with former New York Fed President Bill Dudley suggesting a "strong case" for a deeper rate cut [2] Treasury Yields - The yield on the benchmark 10-year Treasury fell to 3.66% on September 13, 2024, down from 3.70% on September 9, 2024, reflecting market uncertainty regarding the Fed's rate cut decision [3] Winning Stocks of the Week - **Broadcom (AVGO)**: Stock rose 20.8% last week; the company is a global supplier of semiconductor devices, focusing on complex digital and mixed signal CMOS-based devices [3][4] - **Warner Bros. Discovery (WBD)**: Stock increased by 17.1% last week; the company is a global media and entertainment entity that recently announced a deal with Charter Communications to include its Max streaming service in standard cable packages [4] - **Super Micro Computer (SMCI)**: Stock rose 16.4% last week; the company designs and manufactures energy-efficient server solutions [5] - **Vistra (VST)**: Stock increased by 14.2% last week; the energy company announced a license extension for one of its plants, contributing to its stock surge [5] - **AES Corp (AES)**: Stock rose 14.2% last week; the global power company has a strong earnings surprise average of 19.18% over the past four quarters [6]
Buy 3 High Dividend-Paying Stocks With Attractive Short-Term Returns
ZACKS· 2024-09-16 19:01
The September syndrome is already visible in U.S. stock markets. September is known to be the worstperforming month for Wall Street. This year, too, the situation remains challenging. Major stock indexes suffered significant losses in the first week of this month. However, last week, was the best for these indexes in 2024. Wall Street is currently riding on high expectations of the beginning of the interest rate cut regime by the Fed in the September FOMC meeting scheduled next week. The existing range of 5 ...
4 Stocks to Watch From the Thriving Electric Power Industry
ZACKS· 2024-09-04 16:30
The Zacks Utility – Electric Power industry players generate and supply electricity to millions of customers across the United States. The utilities have been transitioning toward clean sources of fuel and focusing on carbon emissions reduction. The support from the government is aiding the industry’s transition toward clean energy sources to produce electricity. Utilities are also focused on strengthening the grid as well as transmission and distribution infrastructure. The huge infrastructure of the utili ...
Buy These 4 High-Yielding Utility Stocks Focusing on Renewables
ZACKS· 2024-09-03 19:45
The United States is expected to see robust demand for electric power from artificial intelligence (AI)-driven data center growth, widespread adoption of electric vehicles (EV), and an increase in residential demand. In this regard, renewable energy is emerging as an industry promising long-term gains. Out of several forms of alternative energy, wind energy is at the forefront of the global transition toward renewable energy, a critical theme in combating climate change.Here, we have selected four utilities ...
These Are The Last 2 Cheap Utility Dividends
Forbes· 2024-08-28 12:11
HOUSTON, TEXAS - FEBRUARY 21: A view of high voltage transmission towers on February 21, 2021 in ... [+] Houston, Texas. Millions of Texans lost their power when winter storm Uri hit the state and knocked out coal, natural gas and nuclear plants that were unprepared for the freezing temperatures brought on by the storm. Wind turbines that provide an estimated 24 percent of energy to the state became inoperable when they froze. (Photo by Justin Sullivan/Getty Images)Getty ImagesIf you’ve been watching utilit ...
Should Value Investors Buy AES (AES) Stock?
ZACKS· 2024-08-27 14:41
The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use tried-and-true metrics and ...