Summary PG&E Corp. is the holding company for Pacific Gas & Electric Co., an investor-owned utility. The utility provides electricity to 5.5 million accounts and natural gas to 4.5 million accounts in northern and central California. Electricity accounted for about 71% of 2023 revenues. The company’s customer base is weighted toward residential and small business […]
Investors who purchase real estate investment trusts (REITs) often do so for the income that most REITs produce in the form of monthly or quarterly dividends. When REITs announce dividend increases, investors either celebrate a raise in annual income or a chance to reinvest in an increased number of shares of the stock. In addition […]
(Bloomberg) — Stocks retreated after a rally that drove the market to multiple records this year, with traders weighing mixed jobs data. Most Read from Bloomberg The S&P 500 erased gains amid weakness in its most-influential group: technology. Warnings about a consolidation have surfaced after the benchmark gauge’s 35% surge since the start of last […]
When interest rates rise, dividend stocks can sometimes fall because investors switch to lower-risk income options, like CDs. But there’s another issue facing utilities, given that these capital-intensive businesses make heavy use of debt financing. Thus, rising costs are a second headwind for the sector. Over the long term, however, regulated utilities should adjust and […]
Shares of membership-based warehouse chain Costco Wholesale (NASDAQ: COST) took a step back on Friday after the company reported financial results for its fiscal second quarter of 2024. Sales came in a little lighter than analysts expected. And this is a primary reason that Costco stock was down 5% as of 10 a.m. ET. Costco’s […]
(Reuters) – Costco’s shares were down over 7% on Friday and set for its worst day since May 2022 after the membership-only retail chain missed second-quarter revenue expectations and signaled a negative impact from lower gasoline prices. At least seven brokerages raised their price target on Costco, with Jefferies raising the most to $905 after […]
Because it provides investors with a high-level overview of how some of the largest U.S. stocks are doing, the S&P 500 gets a lot of attention. It’s certainly one of the most widely followed market indices. But for investors who want exposure in their portfolios to specific factors, there are different options to consider. The […]
(Bloomberg) — Nvidia Corp.’s scorching rally has added more than $1 trillion in value this year alone, sending it well above the level where it last split its shares. Some see the AI giant well placed to do so again. Most Read from Bloomberg The company last announced a four-for-one stock split in May 2021, […]
(Bloomberg) — Brazilian markets are slumping after a smaller-than-expected dividend payout from state oil giant Petroleo Brasileiro SA rekindled fears of increased government intervention in the nation’s largest companies. Most Read from Bloomberg The Brazilian real weakened as much as 1.1% on Friday, leading losses among major currencies around the world, while swap rates due […]
President Joe Biden released a new plan to address housing affordability for home buyers and renters. – Getty Images The Biden administration on Thursday laid out its plan to support home buyers and renters, which includes lowering the cost of purchasing a home and cracking down on rental junk fees. But critics say it’s going […]
The S&P 500 and Nasdaq both reached fresh all-time highs recently, and while some stocks in the market are starting to look a bit expensive, there are still excellent opportunities to be found. Here are two stocks I own in my personal portfolio that aren’t quite as cheap as they were a year ago but […]
SAO PAULO (Reuters) – A meager dividend from Brazil’s state-run oil company Petrobras sent its shares plunging on Friday, erasing more than 70 billion reais ($14 billion) from its market value as analysts questioned how the firm would spend its growing cash reserves. The more than 10% drop in shares reflects investors’ biggest frustration yet […]
