According to the Department of Energy's Energy Information Administration, "natural gas spot price averaged $7.17 per thousand cubic feet (mcf) in 2007 and is expected to average $7.78 per mcf in 2008 and $7.92 per mcf in 2009" which was discussed in their release on January 8. Maybe it's time to take a closer look at natural gas and propane utility stocks.
Amerigas Partners ( APU ) is a Pennsylvania based retail propane distributor. The stock has a forward P/E of 14.29 , a PEG of 3.78 , and a yield of 6.8 %.
Atmos Energy Corp ( ATO ) is a Houston, Texas based of natural gas. The stock has a forward P/E of 13.44 , a PEG of 2.49 , and a yield of 4.6 %.
Nicor Inc ( GAS ) is in the business of natural gas distribution and shipping. The stock has a forward P/E of 14.7 , a PEG of 3.75 , and a yield of 4.5 %.
Atlanta Gas Light ( ATG ) is an Atlanta based distributor of natural gas in Florida, Georgia, Maryland, New Jersey, Tennessee, and Virginia. The stock has a forward P/E of 13.04 , a PEG of 2.79 , and a yield of 4.3 %.
Laclede Group Inc ( LG ) one of the original Dow stocks, is a distributor of natural gas. The stock has a forward P/E of 14.98 , a PEG of 5.35 , and a yield of 4.3 %.
WGL Holdings Inc ( WGL ) is a Washington, DC based natural gas distributor. The stock has a forward P/E of 14.73 , a PEG of 3.86 , and a yield of 4 %.
Piedmont Natural Gas ( PNY ) is a Charlotte, North Carolina based distributor of natural gas. The stock has a forward P/E of 16.89 , a PEG of 3.04 , and a yield of 3.7 %.
Chesapeake Utilities ( CPK ) is a Delaware based distributor of natural gas. The stock has a forward P/E of 14.59 , a PEG of 2.72 , and a yield of 3.6 %.
Transcanada Corp ( TRP ) is a Calgary, Alberta, Canada natural gas pipeline distributor in Canada, United States, and Mexico. The stock has a forward P/E of 18.16 , a PEG of 4.2 , and a yield of 3.5 %.
N J Resources Corp ( NJR ) is a New Jersey based natural gas distributor. The stock has a forward P/E of 14.5 , a PEG of 3.13 , and a yield of 3.2 %.
These stocks can be tracked at Stockpickr.com and you can download an Excel list of all the dividend paying gas utilities at WallStreetNewsNetwork.com.
Author owns GAS.
By Fred Fuld at Stockerblog.com
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