If you are looking for a green utility, you need look no further than Hawaiian Electric Industries Inc. (HE), which gets its electricity from a wide range of green and environmentally conscious sources, including wind, solar, photovoltaic, geothermal, wave, hydroelectric, municipal waste, and other biofuels. They even use sugarcane waste as a source of fuel. If automobiles can be run on chocolate, then electrical generators can certainly be run on sugarcane. Hawaian Electric pays a strong 6% yield, paying about $115 million in dividends, which are well covered by the operating cash flow of $284 million. The company carries a forward price to earnings ratio of 11.7. Last month, the Hawaii Public Utilities Commission approved the cost recovery of the company’s new biodiesel-fuel generating plant at Campbell Industrial Park, which should increase utility revenues by 1%.
For investors who like green companies, it might be worth taking a closer look at Hawaiian Electric. If you like stocks with high yields, you should check out the free list of high yielding utilities at WallStreetNewsNetwork.com, that can be downloaded, changed, and sorted.
Speaking of green companies, I will be speaking at the Las Vegas Money Show in May, giving a presentation on green stocks. You can register free online. Hope to see you there.
Author does not own the above stock.
By Stockerblog.com
Dear Site Owner,
ReplyDeleteI would like to say that your site ( http://stockerblog.blogspot.com/) is well-written and it contains lots of useful and up-to-date information. We really got interested in your web resource and we would like to cooperate with you. My websites are devoted on various financial themes and the have got amazing traffic and Google Values.
My sites contains loads of useful financial information presented in news and articles that highlight the most much-talked-of issues such as credit cards, debt solutions, financial crisis, ways out of it, and many more. We believe this information can awake interest in your readers and can help you gain more and more traffics well. We would like to do some link exchange with your sites. If you agree then please let me know as per your convenience: dorothy786@gmail.com
Thanks! We look forward to working with you.
Warm Regards,
Dorothy Parker