Shares of utilities stocks are trading lower amid a rise in yields following hotter-than-expected March inflation data. A rise in yields could pressure dividend-paying sectors.
Portfolio Pulse from Benzinga Newsdesk
Utilities stocks are trading lower due to a rise in yields following hotter-than-expected March inflation data, which could pressure dividend-paying sectors.
April 10, 2024 | 4:04 pm
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NEGATIVE IMPACT
AEE's stock is trading lower amid rising yields following unexpected March inflation data, potentially impacting its dividend attractiveness.
AEE, being a utility stock, is directly impacted by the rise in yields as it makes its dividend payments less attractive compared to fixed income alternatives.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
AWK's shares are trading lower due to the increase in yields from the unexpected March inflation data, affecting its dividend-paying appeal.
AWK, as part of the utilities sector, is negatively affected by the rise in yields, which makes its dividends less attractive to investors.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
BIP experiences a decline in stock price as rising yields from hotter-than-expected March inflation data pressure dividend-paying sectors.
BIP's performance is directly impacted by the increase in yields, which detracts from the attractiveness of its dividend payments.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
CNP's stock price is negatively affected by the rise in yields following unexpected March inflation, impacting its dividend attractiveness.
As a utility company, CNP is adversely affected by the rise in yields, making its dividend payments less appealing to investors.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
DTE's stock trades lower amid a rise in yields due to hotter-than-expected March inflation, pressuring its dividend sector.
DTE, being in the utilities sector, sees its stock price decline as the rise in yields makes its dividends less attractive.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
DUK's shares are down as rising yields from unexpected March inflation data pressure the dividend-paying sector.
DUK is impacted by the increase in yields, which detracts from the attractiveness of its dividend payments to investors.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
EBR's stock price declines amid rising yields following hotter-than-expected March inflation, impacting its dividend appeal.
As a utility stock, EBR is directly affected by the rise in yields, making its dividend payments less attractive to investors.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
FTS's shares trade lower as the rise in yields from unexpected March inflation data pressures dividend-paying sectors.
FTS, part of the utilities sector, is negatively impacted by the rise in yields, which makes its dividends less attractive.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
NEE's stock is trading lower due to the increase in yields following unexpected March inflation data, affecting its dividend-paying appeal.
NEE, as a utility company, is adversely affected by the rise in yields, making its dividend payments less appealing to investors.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
WEC's shares are trading lower as rising yields from hotter-than-expected March inflation data pressure the dividend-paying sector.
WEC is impacted by the increase in yields, which detracts from the attractiveness of its dividend payments to investors.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80