Morningstar Magazine - December/January 2015 - 85

Sector Snapshot: Utilities
The data on this page represents utilities companies covered by Morningstar analysts.

Industry Structure
Moat Breakdown*

Key Stats
Utilities %

Wide Moat

S&P 500 %

2.2

24.7

Industry Map

Aggregates

Utilities

Number of Companies

91

S&P 500
31878.001953
25840.001465

49
16
52 10 8 7
3

Market
Cap

502

19802.000977

Narrow Moat

74.7

50.4

Total Market Cap $mil

1,286,275

19,347,647

No Moat

23.1

13.5

Total Fair Value $mil

1,167,572

18,196,957

Total Revenue $mil

10,855,936

11,000,041

Utilities %

S&P 500 %

High Yield

0.0

1.0

Valuation

Utilities

S&P 500

Distressed

0.0

0.4

Price/Fair Value

1.10

1.06

Hard Asset

0.0

0.0

P/E

17.61

20.76

Cyclical

0.0

44.0

Price/Book

1.60

3.14

Slow Growth

34.1

17.9

Price/Sales

1.52

1.92

Classic Growth

11.0

9.8

Price/CF

6.59

13.64

5.5

8.4

Dividend Yield %

3.68

1.88

1.1

1.8

13.2

0.0

Utilities

S&P 500

ROE %

9.60

15.43

ROA %

2.90

6.06

Net Margin %

8.49

10.43

Debt/Capital %

51.06

37.11

Stock Type Breakdown

Aggressive Growth
Speculative Growth
Not Classified

*Based on Morningstar analyst coverage.

Profitability & Financial Health

13764.000488

Large

7726.000000

11
12

13

14

15

Medium
Small

Undervalued

Overvalued

0
0.5
Price/Fair Value

1

2

1.5

Utilities companies are plotted based on their
market cap and price/fair value ratio.
Companies with a price/fair value ratio of less than
1 are undervalued. Companies with a ratio
of more than 1 are overvalued. Numbered plots
show companies listed in the table below.

0.0

0.5

1.0

2.0

1.5

Utilities
Name/Ticker

Market
Cap ($mil)

Revenue
TTM ($mil)

Price/
Sales

Economic
Moat

Morningstar Uncertainty
Rating
Rating

ProfitGrowth ability
Grade Grade

Financial Price/
Health
Fair Dividend
Grade
Value Yield %

C

C

Z
-

1

Duke Energy Corporation DUK

57,409.24

25,394.00

2.20

Narrow

QQ

Low

2

GDF Suez GSZ

55,346.61

79,603.00

0.38

None

QQQ

High

C

V

3

National Grid PLC NG.

54,934.87

14,809.00

2.10

Narrow

QQ

Low

0.5

V

V

4

National Grid PLC ADR NGG

54,857.13

14,809.00

2.11

Narrow

QQ

Low

V

V

-

C

-

5

Electricité de France S.A. EDF

53,003.55

74,167.00

0.43

Narrow

QQQQ

0.0

Medium
0.0

6

ENEL Ente Nazionale per L'Energ Elet SPA ENEL

7 NextEra Energy Inc NEE

C
0.5

-

1.0

-

1.0

-

45,982.99

74,121.00

0.34

None

QQ

High

45,359.32

15,727.00

2.44

Narrow

QQ

Medium

C

C

Price/
Earnings

1.07

3.86

0.89

6.21

-

1.13

4.58

14.02

1.06

4.74

14.08

0.85

5.45

12.40

1.5

2.0

1.5

26.52

2.0

C

1.12

2.64

11.81

Z

1.24

2.73

21.89

8

Iberdrola SA IBE

43,609.64

32,103.72

0.75

Narrow

QQQ

High

C

V

1.10

2.20

16.75

9

Dominion Resources Inc D

42,672.19

12,678.00

2.68

Narrow

QQ

Medium

C

V

Z

1.12

3.23

27.76

10

Southern Co SO

42,106.70

18,377.00

2.52

Narrow

QQ

Low

C

C

Z

1.04

4.43

19.82

0.0

0.5

1.0

X

1.5

2.0

11

E On SE EOAN

32,830.42

113,933.00

0.20

Narrow

QQQQ

Medium

X

V

C

0.71

4.39

-

12

E On SE ADR EONGY

32,551.12

113,933.00

0.20

Narrow

QQQQ

Medium

X

V

C

0.70

3.57

-

13

Exelon Corp EXC

32,178.36

26,336.00

1.29

Wide

QQQ

Medium

C

V

C

0.94

3.31

15.03

14

American Electric Power Co Inc AEP

28,312.35

16,767.00

1.65

Narrow

QQ

Low

C

C

X

1.07

3.51

15.93

15

Sempra Energy SRE

27,783.27

10,993.00

2.07

Narrow

QQ

Medium

C

V

Z

1.25

2.31

24.04

Data as of Oct. 31, 2014.

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Morningstar Magazine - December/January 2015

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