Last week, I did an article on the Top Yielding Gas Utility Stocks. Now it is time to look at the electric utilities. With the high dividends and relative stability, investors are examining these stocks in more detail. Many utilities are moving more and more towards renewable energy, and with the price of oil and gas down substantially from what it was last year, the costs to run their generators are down. WallStreetNewsNetwork.com recently came up with a list of the highest yielding utilities in the form of an Excel spreadsheet that can be downloaded, sorted, and changed.
Some of the electric utilities on the list include:
UIL Holdings Corporation (UIL) with as yield of 8.4% and a forward PE of 8.7
TECO Energy, Inc. (TE) with as yield of 8.3% 7.4
Pinnacle West Capital Corporation (PNW) with as yield of 8.0% and a forward PE of 8.4
The list at wsnn.com includes three utility stocks with yields above 9%.
Author does not own any of the above.