Thursday, January 03, 2008

Top Yielding Electric Utility Stocks

Investors have historically turned to utilities for income, capital appreciation potential, safety and security. Although they can no longer be considered totally safe and secure, they can provide great yields and many have risen in price during 2007. You can download the entire list of electric utilities in an Excel format which can be sorted, at Here are some of the ones with the highest yield.

The one with the highest yield is Dominion Resources Inc. (D), which pays out 6.7%. The company is based in Richmond, Virginia, has a P/E of 14 and a PEG of 2.14.

The top yielding middle states utility is Great Plains Energy Inc. (GXP), based in Kansas City, Missouri, and yields 5.7%. The stock has a P/E of 16.6 and a PEG of 4.89.

The highest yielding western states utility is Hawaiian Electric Industries Inc. (HE), which yields 5.4%. The stock has a P/E of 30 and a PEG of 2.67.

In the northern states, the Chicago, Illinois based Integrys Energy Group, Inc. (TEG) is the highest yielder at 5.1%. The stock has a P/E of 17 and a PEG of 1.99.

In the southwest, the yield leader is Pinnacle West Capital Corp. (PNW), which pays 4.9%. The stock has has a P/E of 13 and a PEG of 2.55.

The highest yielding Midwest utility is Nisource Inc. (NI), based in Merrillville, Indiana., which yields 4.9%. The stock has a P/E of 16.4 and a PEG of 4.1.

In the northeast, Unitil Corp. (UTL), based in Hampton, New Hampshire, is the highest yielding utility at 4.8%.

In the eastern U.S., CH Energy Group Inc. (CHG) has the highest yield at 4.9%. This Poughkeepsie, New York based company has a P/E of 16.6.

The highest yielding utility in the southeastern U.S. is TECO Energy Inc. (TE), in Tampa, Florida, which yields 4.5%. The stock has a P/E of 12.3 and a PEG of 3.38.

Remember, that all yields and the stock prices are subject to fluctuation. You can get a download of all the other high yield electric utility stocks at

Author does not own any of the above.

By Fred Fuld at


Gary said...

The yield for Dominion is less than 4 percent. You might want to double-check your source of information.

Stockerblog said...

You are correct. I got the information from Yahoo Finance which still shows annual dividends of $3.16 per share. The actual dividend is less than 4%.

Anonymous said...

You have to check your information...illinois natural gas