Sunday, October 26, 2008
Top Yielding Electric Utilities over 6%
When the stock market is volatile and in recessionary times, investors often turn to electric utilities as investments. The advantages are the high income, less volatility than other stocks, they are monopolies, they provide a product that everyone requires, and during a recession when people are cutting back, one of the last things they cut back on are their electric bills.
The following electric utility stocks all have yields over 6%, PE ratios below 18, and PEG ratios below 3.
Great Plains Energy Incorporated ( GXP ) is a Kansas City based generator of electricity from coal, nuclear, natural gas, oil, and wind. It pays a yield of 8.70% , and has a PE of 10 and a PEG of 1.42 .
Ameren Corporation ( AEE ) is a utility that serves Missouri and Illinois. It pays a yield of 8.10% , and has a PE of 9 and a PEG of 2.54 .
Constellation Energy Group, Inc. ( CEG ) is a Baltimore based utility which operates fossil fuel, nuclear, and renewable energy generating facilities It pays a yield of 7.70% , and has a PE of 5 and a PEG of 0.26 .
The Empire District Electric Company ( EDE ) provides electricity to Missouri, Kansas, Oklahoma, and Arkansas. It pays a yield of 6.80% , and has a PE of 17 and a PEG of 2.18 .
Pinnacle West Capital Corporation ( PNW ) is a Phoenix, Arizona based utility. It pays a yield of 6.60% , and has a PE of 9 and a PEG of 2.84 .
CenterPoint Energy, Inc. ( CNP ) is a Houston, Texas based utility. It pays a yield of 6.60% , and has a PE of 9 and a PEG of 0.51 .
Progress Energy, Inc. ( PGN ) provides electricity in North Carolina, South Carolina, and west central Florida. It pays a yield of 6.50% , and has a PE of 11 and a PEG of 2.01 .
Westar Energy, Inc. ( WR ) is a Topeka, Kansas based utility. It pays a yield of 6.30% , and has a PE of 10 and a PEG of 2.97 .
DTE Energy Company ( DTE ) is a Detroit, Michigan based utility. It pays a yield of 6.10% , and has a PE of 8 and a PEG of 1.89 .
Integrys Energy Group, Inc. ( TEG ) is a Chicago, Illinois based utility which uses coal, natural gas, fuel oil, hydroelectric, nuclear, and wind sources to generate electricity. It pays a yield of 6.00% , and has a PE of 12 and a PEG of 1.36 .
If you want to download an Excel spreadsheet database which lists all the high yielding electric utilities that you can add to and sort, go to WallStreetNewsNetwork.com.
Author owns PGN.
Posted by Stockerblog at 9:13 PM