Utility sector

Hawaiian Electric Industries, Inc. (NYSE:HE) recently became the focal point of a gripping narrative, captivating the attention of retail traders. Over the past month, this utility company has found itself navigating a tumultuous sea of controversy, legal battles and extreme market turbulence. In...

NextEra Energy Inc (NYSE: NEE) is interested in acquiring Duke Energy Corp (NYSE: DUK), the Wall Street Journal reported Tuesday. What Happened:  NextEra reportedly approached Duke with a takeover offer, but the latter rebuffed the move. NextEra’s market cap is close to $139...

The Utilities Select Sector SPDR (NYSE: XLU), the largest utilities exchange traded fund by assets, is up 6.6 percent year-to-date. Although that lags the 7.2 percent returned by the S&P 500, it can be argued the performances delivered by XLU and rival utilities ETFs are pleasant surprises....

For as much as financial services exchange-traded funds want the Federal Reserve to raise interest rates, utilities want the Fed to continue its near zero interest rate policy for as long as possible. The reasoning is simple. Few sectors are as rate-sensitive as utilities. Recent showings by...

The standout sector this year has been utility stocks, currently up 18 percent year to date and hitting a new all-time high this week. During the recent 10-percent selloff in the broad market, it was one of the few survivors able to recapture old highs. From an investor's view, the sector...