Utilities' Sell-Off Presents Attractive Entry Point for Long-Term Investors
We are reaffirming our fair value estimates and moat and moat trend ratings for all the U.S. utilities we cover after a three-month pullback that we think now offers buying opportunities.On a median basis, U.S. utilities now trade in line with our fair value estimates, the cheapest they've been since 2015. This is a sharp reversal since Nov. 14 when utilities reached a peak 1.18 price to fair value ratio. Since then, Morningstar's U.S. Utilities index is down 14% and has underperformed the S&am...
NextEra Energy is a holding company, engaged in electric power and energy infrastructure. The company has two principal businesses, Florida Power & Light Company (FPL) and NextEra Energy Resources, LLC (NEER). FPL is a rate-regulated electric utility engaged primarily in the generation, transmission, distribution and sale of electric energy in Florida. FPL provides service to its electric customers through a transmission and distribution system that links its generation facilities to its customers. NEER, through its subsidiaries, owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets primarily in the United States and Canada.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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