Is First Trust Utilities AlphaDEX ETF (FXU) a Strong ETF Right Now?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 11 2024
0mins
Source: NASDAQ.COM
Overview of FXU: The First Trust Utilities AlphaDEX ETF (FXU), launched in 2007, is a smart beta fund focusing on the Utilities sector, with assets over $309 million and an annual expense ratio of 0.64%. It aims to outperform traditional passive indices through the AlphaDEX screening methodology.
Investment Considerations: While FXU has shown solid returns, it may not be the best option for investors seeking to outperform the Utilities/Infrastructure segment, as lower-cost alternatives like Vanguard Utilities ETF (VPU) and Utilities Select Sector SPDR ETF (XLU) offer better expense ratios and potentially lower risk.
Analyst Views on EVRG
Wall Street analysts forecast EVRG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EVRG is 83.71 USD with a low forecast of 76.00 USD and a high forecast of 93.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Analyst Rating
5 Buy
2 Hold
0 Sell
Moderate Buy
Current: 76.230
Low
76.00
Averages
83.71
High
93.00
Current: 76.230
Low
76.00
Averages
83.71
High
93.00
About EVRG
Evergy, Inc. is a utility holding company. The Company operates primarily through its wholly owned subsidiaries, Evergy Kansas Central, Inc. (Evergy Kansas Central); Evergy Metro, Inc. (Evergy Metro); Evergy Missouri West, Inc. (Evergy Missouri West), and Evergy Transmission Company, LLC (Evergy Transmission Company). Evergy Kansas Central is an integrated, regulated electric utility that provides electricity to customers in the state of Kansas. Evergy Metro is an integrated, regulated electric utility that provides electricity to customers in the states of Missouri and Kansas. Evergy Missouri West is an integrated, regulated electric utility that provides electricity to customers in the state of Missouri. Evergy Transmission Company owns 13.5% of Transource Energy, LLC (Transource) with the remaining 86.5% owned by AEP Transmission Holding Company, LLC. Transource is focused on the development of competitive electric transmission projects.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
