Tennessee Valley Authority Preferred (TVC) stock has reached a new 52-week high, touching $23.31, signaling a period of robust performance. This milestone reflects a significant uptrend from the stock's previous positions over the past year. Investors have shown increased confidence in TVC, as evidenced by the stock's commendable 1-year change, which stands at a positive 6.2%. The climb to a 52-week high is a noteworthy event for shareholders and potential investors, indicating a strong market sentiment and a potentially optimistic outlook for the company's financial future.
InvestingPro Insights
The Tennessee Valley Authority Preferred (TVC) stock's recent achievement of a new 52-week high is backed by a solid financial performance in the last twelve months as of Q3 2024. The company reported a revenue of $12.18 billion, with a gross profit of $4.894 billion, reflecting a healthy gross profit margin of 40.18%. Although there was a slight decline in revenue growth by -4.66%, the quarterly figures show a promising uptick of 6.71%. This suggests that while the company faced some challenges, it has managed to find growth opportunities in the shorter term.
Investors interested in the company's profitability metrics will note the EBITDA of $4.796 billion, which has grown by 8.46% over the same period. This growth indicates that TVC has been successful in increasing its earnings before interest, taxes, depreciation, and amortization, which is a key indicator of its financial health. Shareholders have also enjoyed a dividend yield of 2.3%, with the last dividend ex-date registered on August 30, 2024. The stock's price resilience is also evident from its positive total returns, with 1-month, 3-month, and 6-month figures standing at 1.99%, 4.7%, and 5.26% respectively. Year-to-date, the company has delivered a total return of 2.28%, and over the past year, an impressive 8.76%.
InvestingPro Tips reveal that investors should keep an eye on the average daily volume, which currently stands at 0.02 million USD. This metric can provide insights into the stock's liquidity and investor interest. For those seeking further guidance, InvestingPro offers additional tips on TVC, which can be accessed through their comprehensive financial analysis platform.
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