Cenovus Energy Inc vs Utilities Select Sector SPDR Fund — how do they compare? Cenovus Energy Inc trades at $29.96 (market cap $55.00B), while Utilities Select Sector SPDR Fund trades at $43.63. The key difference: Cenovus Energy Inc pays a 2.09% dividend while Utilities Select Sector SPDR Fund pays none, and Cenovus Energy Inc is trading nearer its 52-week high, Utilities Select Sector SPDR Fund nearer its low. Which is the better fit depends on your goals.
| CVE | XLU | |
|---|---|---|
Market Cap | $55.00B | — |
Sector | Energy | — |
52-Week High | $31.80 | $47.73 |
52-Week Low | $14.83 | $41.31 |
Enterprise Value | $61.08B | — |
Dividend Yield | 2.09% | — |
Trailing returns across standard periods
Cenovus Energy is an integrated oil company, focused on creating value through the development of its oil sands assets. The company also engages in production of conventional crude oil, natural gas liquids, and natural gas in Alberta, Canada, with refining operations in the U.S. Net upstream production averaged 472 thousand barrels of oil equivalent per day in 2020, and the company estimates that it holds 6.7 billion boe of proven and probable reserves.
Read more on CVE →In seeking to track the performance of the index, the fund employs a replication strategy. It generally invests substantially all, but at least 95%, of its total assets in the securities comprising the index. The index includes securities of companies from the following industries: electric utilities; water utilities; multi-utilities; independent power and renewable electricity producers; and gas utilities. The fund is non-diversified.
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