For instance, his second term (2010 - 2014) saw the Hungarian government enact additional taxes on banks (mostly foreign owned) and some parts of the energy and
utilities sector as well (again, affecting substantial foreign interests).
We still rate
the Utilities sector as Unattractive, and only three Utilities stocks earn our Attractive - or - better rating, but the new tax law does give a tangible benefit to the sector that the market doesn't seem to be factoring in to its valuation.
I think
the utility sector as a whole is still attractive right now.
Not exact matches
Down Under, the S&P / ASX 200 edged higher by 0.49 percent to 5,982.70
as the
utilities and heavily weighted financials subindexes advanced, canceling out slight declines in the materials and energy
sectors.
What claims to be the world's largest single market is shot through with regulation that protects favored players in
sectors such
as banking,
utilities and transport.
If tensions between China and the U.S. explode into a trade war, Calvasina says the
utilities sector could act
as one of the few places to escape the fallout.
Bottom line: My recommendation for Canadian issues is to concentrate in the banks and other financials,
utilities and telecoms at the expense of other
sectors such
as consumer staples and consumer discretionary stocks.
Tech stocks took a beating in what could be an ominous sign for the
sector, while health care and
utilities also fared poorly
as investors demonstrated a preference for cyclicals over defensive.
Additionally, we believe the more defensive
sectors of the equity market such
as consumer staples could underperform, along with some telecommunication companies and
utilities, where returns are heavily regulated.
No doubt the REITs and
utilities are still very popular choices but now we have quite a few names in other
sectors to contend with
as well.
In the equity market, while investors used proxies such
as utilities, transportation and energy
sector exposure to express views, there are now ETFs that focus exclusively on this opportunity, specifically those that capture the infrastructure value chain.
For instance, last week U.S.
utilities, usually viewed
as a less risky
sector, were down 4 %, dramatically underperforming the market.
Some of the more defensive
sectors, such
as utilities and consumer staples are still in bullish modes.
However,
as rates begin to normalize, valuations on
utility stocks,
as well
as other dividend - paying
sectors, are likely to come down — a process already well underway.
The
Utilities sector includes companies that engage in the production and delivery of electric power, natural gas, water, and other
utility services, such
as steam and cooled air.
The
utilities seem to be one
sector being left behind
as the market is moving in a sideways pattern.
As an early adopter of renewable technologies, particularly solar, California has been willing to pay high prices and has in turn helped lower them for other markets, said Swami Venkataraman, a senior vice president at Moody's Investors Service who analyzes the
utility sector.
Most likely it was the near doubling of interest rates, which tend to disproportionately impact those
sectors, such
as utilities, owned primarily for their dividend yield.
For example, last summer
utility stocks lived up to their reputation
as a low beta, low volatility
sector.
At that point, they move their money out of retail and into more stable
sectors, such
as utilities, which hold their value better during the contractionary phase.
As such, traditionally defensive
sectors, like
utilities and telecommunications, typically become increasingly vulnerable in a rising rate environment due to their existing large debt positions.
From our perspective, stocks in less cyclical
sectors, such
as utilities and consumer staples, generally offered much less value and appeared to be trading at steep valuations.
Dividend investors usually prefer stable
sectors such
as banking,
utilities, and consumer staples.
With the 10 - year treasury yield moving from 1.85 % to 2.37 % during our fiscal year, yield sensitive, defensive
sectors, such
as consumer staples and
utilities, did indeed underperform the broader market.
** U.S. gas and electric
utility CenterPoint Energy said it would buy rival Vectren Corp for about $ 6 billion, the latest in a string of mergers in the
sector as power consumption in many parts of the country flattens.
Companies in the consumer staples
sector may not pay a yield
as high
as those in the
utilities sector but growth is usually slightly higher.
Unlike more defensive
sectors (such
as utilities), price gains for mature tech stocks have largely been led by earnings growth rather than by multiples expansion.
Stocks in the
utilities sector offer one of the highest dividend yields as a group, around 3.6 % for the Select Sector SPDR Utilities Fu
utilities sector offer one of the highest dividend yields
as a group, around 3.6 % for the Select
Sector SPDR
Utilities Fu
Utilities Fund (XLU).
Since 2010, the level of the 10 - year Treasury yield has explained approximately 45 % of the variation in the relative valuation — defined
as the valuation of the
sector versus the broader market — for the
utilities sector.
The Progressive Era developed the view that public
utilities and other natural monopolies rightly belonged in the public
sector, where governments would provide their basic services at a subsidized price or even freely
as in the case of roads.
As a result, Southern has one of the lower valuations in the regulated
utilities sector.
A model for each
sector is built,
as defined by the Global Industry Classification Standard (GICS); Energy (10), Materials (15), Industrials (20), Consumer Discretionary (25), Consumer Staples (30), Health Care (35), Financials (40), Information Technology (45), Telecommunication Services (50), and
Utilities (55).
We didn't own any
utilities and are unlikely to add any,
as we believe other
sectors offer much better value.
One of the often - heard concerns about rising rates is the negative effect it could have on «bond proxy»
sectors such
as utilities and REITs.
We will continue highlighting CIHT's role to everybody involved in transport infrastructure, including complementary
sectors such
as telecoms and
utilities.»
«If you take the Economic Intelligence Unit (EIU)[report], they said 2017 and onward is going to be a period of prosperity for Ghana and that is because of the foundation that we have laid, it's because of the work that we have done, we've eliminated a lot of the deficits that were created by huge subsidies on
utility tariffs, we eliminated a lot of the subsidies that created huge deficits on the cost of petroleum products, today
as I speak, Tema Oil Refinery (TOR) is running, and producing petroleum products for Ghana, we have enough stock of LPG, our tanks and strategic reserves for petroleum products are all full, and, so, we have ships standing offshore Ghana with petroleum products, but there is no space to offload those products, and, so, we've done a good job in stabilising various
sectors of the economy.
Article 316 bis second: Crimes of thefts from used materials and tools or those provided for use in the telecommunications, power generating and connecting, water, or sanitary drainage
utilities that are established by the government, public authorities or organizations, or the public
sector units, or those licensed or establishment
as a public
utility, shall be punished for with the penalty of imprisonment, if no aggravating condition of those prescribed in Articles 313 to 316 is fulfilled.
In Q4, agriculture, crude petroleum and natural gas, construction, transport,
utilities, hotels and restaurants, professionals, administrative and support services, arts, entertainment and recreation were all growing at disparate rates of growth, some marginal, but growing all the same, unlike the poor state of
sectors even
as at the end of the third
sectors.
«Scandals and perceived corruption in governance and the society generally, socio - economic hardships such
as unstable currency, unstable power supplies — undermining both industrial and domestic ventures — executive bureaucratic delays in the public
sector, especially at the ports, many industrial actions, protest demonstrations throughout the economy, sudden and high tariff increases for
utilities, and ever - bloating national debt stock, have hall - marked the out - going year,» he observed.
The CPP will require a 32 percent cut in
utility -
sector carbon emissions from 2005 levels by 2030, with some states seeing reduction requirements
as high
as 45 to 47 percent.
The researchers focused their global simulations on the U. S. and modeled the country's evolving economic activities in different geographic regions to determine the water requirements for five main
sectors: thermoelectric cooling; public supply, such
as for drinking water and other public
utilities; industrial demand; mining; and irrigation.
Japan's electric
utilities are putting the brakes on the country's fast - growing renewable energy
sector as concerns mount that the addition of large amounts of solar power is creating oversupply problems for some regions while stressing the country's decentralized power grid.
Smith covers the
Utilities sector, focusing on stocks such
as Pinnacle West Capital Corp., Public Service Enterprise, and American Electric Power.
In other cases, it has involved turning elements of civil society and the private economy into arms of government policy — by requiring compliance with policy goals that are foreign to many civil - society institutions or consolidating key
sectors of the economy and offering protection to large corporations willing to act
as public
utilities or to advance policymakers» priorities.
As Dimitri Volkmann, vice president for products and markets at Good Technology puts it, «We are seeing rapid adoption of tablets across a lot of highly regulated
sectors — from public
utilities to financial services, banking and healthcare.»
The findings: Traditional defensive
sectors such
as utilities, telecommunications, real estate and consumer staples provided minimal protection when nominal yields moved higher.
Some examples of defensive
sectors include
utility, pipeline, pharmaceutical stocks
as well
as stocks with high dividend payouts.
Of the 10
sectors that MSCI breaks the U.S. and World markets into - such
as materials, energy and
utilities - 8 of the categories are being led by global stocks versus their US counterparts (U.S. energy stocks and healthcare stocks are the two groups that are edging out their global benchmarks).
At 12.9, the price to estimated 2014 earnings ratio of the information technology
sector is lower than that of classic value
sectors, such
as consumer staples (15.9) or
utilities (14.7).
The
utility sector, which many investors have been using
as a bond substitute, yields only 3.4 %.