Now that many investors believe that the price of natural gas has bottomed out, they are paying closer attention to the natural gas drillers and the gas utilities. WallStreetNewsNetwork.com has discovered a dozen of these gas utilities that are paying over 4%, and most have forward PE ratios under 12. Here are a few examples:
Transcanada Corp (TRP) with a forward PE of 10.67, and a yield of 6.3%.
Atmos Energy Corp (ATO) with a forward PE of 9.55, and a yield of 6.0%.
Nicor Inc (GAS) with a forward PE of 9.87, and a yield of 5.9%.
To access an Excel database list of 19 gas utilities, including two that pay more than 7%, that can be downloaded, sorted, and changed, go to wsnn.com.