According to the free list of high yield water utility stocks at WallStreetNewsNetwork.com, American States Water trades at 18 times earnings and yields 3.2%. Earnings for the latest quarter were down 5.5%, but revenues were up 4.1%. The company, which was founded in 1929, distributes water in 75 communities in California.
Aqua America distributes water to customers in Pennsylvania, Texas, North Carolina, Ohio, Illinois, New Jersey, New York, Florida, Indiana, Virginia, Maine, and Georgia. The stock has a price to earnings ratio of 23, and yields 2.6%. Earnings for the latest quarter were up over 10% on an 11% increase in revenues.
Connecticut Water Service trades at 24 times earnings and yields 3.1%. Earnings were up an amazing 20% on a 23% boost in revenues.
For a free list of high yield water utility stocks, go to WallStreetNewsNetwork.com.
Disclosure: Author didn't onw any of the above at the time the article was written.
By Stockerblog.com
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