In this article, we take a look at the 5 biggest publicly owned utility companies in the US. If you want to read our detailed analysis of the utility companies, go directly to the 15 Biggest Publicly Owned Utility Companies in the US.
5. NRG Energy Inc. (NYSE: NRG)
Revenue (TTM): $18.170 billion
NRG is a prominent integrated power company in the United States, fueled by people and built on a foundation of dynamic retail brands and varied generation assets. NRG Energy, Inc. is a power generation company that owns and runs a wide portfolio of power plants. NRG Energy posted a revenue generation of $5.243 billion in the second quarter. Michael Underhill, CIO of Capital Innovations in Pewaukee, Wisconsin, states that the company pays a 3% dividend yield, and its cash flow is expected to increase.
4. Southern Company (NYSE: SO)
Revenue (TTM): $21.845 billion
The Georgia-based gas and electric holding business serves over 9 million consumers in seven states with a market capitalization of $67.6 billion. The Illinois Commerce Commission recently approved Southern Company’s (NYSE: SO) Nicor Gas Interconnection Pilot programme. The company’s first-quarter EPS came in at $0.98, exceeding the $0.83 average estimate. Southern Company’s (NYSE: SO) revenue in the second quarter was $5.198 billion, up from $4.620 billion in the previous quarter.
3. Duke Energy Corporation (NYSE: DUK)
Revenue (TTM): $ 23.991 Billion
Duke Energy Corporation (NYSE: DUK) serves about 840,000 customers with electricity and 525,000 with natural gas. On July 26, Duke Energy Florida announced plans to build ten additional solar power facilities in Florida, with completion scheduled by the end of 2024. The company’s dividend yield, according to analysts, makes the stock appealing in the low-interest rate business. The company’s market capitalization is $80.36 billion. Duke Energy Corporation (NYSE: DUK) reported an adjusted EPS of $1.26 in the first quarter of 2021, topping estimates by $1.20. The company’s sales for the second quarter were $5.758 billion, up from $5.421 billion in the same quarter of 2020. Overall, the company confirmed a 5-7 percent long-term growth rate off the midpoint of 2021.
2. Exelon Corp. (NASDAQ: EXC)
Revenue (TTM): $34.775 billion
Exelon Corp. (NASDAQ: EXC) is a utility holding corporation that serves hundreds of millions of customers in Pennsylvania, Illinois, and other parts of the United States. The corporation, which has a market value of $48.716 billion, is among the main domestic power generators, with power generated by fuels such as gas, wind, hydroelectric, nuclear as well as solar stations. The corporation earned $7.915 billion in the second quarter. Exelon committed $5.5 billion in capital to modernize its electric system and aimed to invest another $6.5 billion to ensure that its customers receive reliable service.
1. Chevron Corp. (NYSE: CVX)
Revenue (TTM): $116.033 billion
Chevron is committed to remaining a classic oil firm and pays a 5.3% dividend return. The corporation earned $36.117 billion in revenues in the second quarter. In October 2020, the oil behemoth paid $13 billion for Noble Energy, another oil company, including debt, which is an industry record. The transaction was finalized in the fourth quarter. During the next seven years, Chevron expects to invest $3 billion in technologies to eradicate harmful emissions from its facilities.
You can also go through the 10 Best Entertainment Stocks To Buy and 25 Highest-Grossing Movies of All Time.
