Utility News & Analysis
4 articles
Market Mood
Everus Construction (ECG) Director Buys 1,000 Shares at $144.95
David M. Sparby, a Director at Everus Construction (NYSE:ECG), purchased 1,000 shares at a weighted average price of $144.95 on August 17, 2026. The stock closed at $143.40 that day, indicating a slight premium for the purchase. Post-transaction, Sparby holds 19,658 shares, representing a 0.03% ownership stake in the company. Everus has a market capitalization of $5.9 billion and $4.3 billion in revenue over the past twelve months, highlighting its significant presence in utility infrastructure development. This transaction may indicate confidence in the company’s performance for investors.
Read More: Everus Construction (ECG) Director Buys 1,000 Shares at $144.95
American States Water (AWR) Raises Dividend by 8.2%, 72 Years Straight
American States Water (AWR) raised its dividend by 8.2% last month, extending its dividend growth streak to 72 years. The company has paid 361 consecutive quarterly dividends and is among fewer than 60 companies with over 50 years of annual dividend increases. In 2023, the company plans to invest between $185 million and $220 million to support rising demand for water and power. With a current yield of approximately 2.5% and a projected 7% compound annual dividend growth, the company remains stable and may interest long-term investors.
Read More: American States Water (AWR) Raises Dividend by 8.2%, 72 Years Straight
Spire Inc. (SR) Divests Gas Marketing Business for $215 Million
On April 30, Spire Inc. (SR) sold its gas marketing segment, Spire Marketing, to Boardwalk Pipelines for $215 million in cash. This move is part of Spire's strategy to focus on core utility operations, enhancing its risk profile and earnings visibility. In Q2 of FY 2026, Spire reported a net income of $217.6 million, or $3.51 per diluted share, up from $189.3 million or $3.17 per share a year prior. Adjusted earnings rose to $223.7 million, or $3.76 per share, reflecting growth in the Gas Utility segment, crucial for its operations serving nearly 2 million customers.
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Duke Energy (DUK) Exceeds Q1 2026 Earnings Forecasts, Stock Stable
Duke Energy (DUK) reported its Q1 2026 earnings, exceeding market forecasts. The company's performance led to a stable stock price during this reporting period. Specific figures related to revenue and earnings per share were not disclosed in the article. The stability of DUK's stock amidst these results may indicate investor confidence in the utility sector, which is relevant for overall market conditions. Analysts will be watching for future guidance and any impact on the company's P/E ratio.
Read More: Duke Energy (DUK) Exceeds Q1 2026 Earnings Forecasts, Stock Stable