I like both Southern (SO) and Duke (DUK), muses Pete Najarian. Or take a look at TECO (TE). This is a great area for anyone looking for dividend yield.

Qty

dividend

From a recent Mad Money show: "You've got a winner there. I think Southern is real, real good."

He also likes Southern Co. (SO), an integrated utility with nuclear power and a stock that has fallen just 12% in the past 12 months. Southern has "very low relative economic sensitivity," Taber says. With a yield of nearly 5%, Taber calls it a "bond proxy," that has a relatively high return on equity and good relationships with regulators.

Despite challenges from the economy and weather, the company reported positive earnings results for the third quarter of fiscal 2008. Its revenue growth of 12.3% year over year slightly outpaced the industry average. Net income growth also increased, rising 3.1% from $772.5 million in the third quarter of fiscal 2007 to $796.6 million in the most recent quarter. Although Southern Company has had somewhat volatile earnings recently and reported flat earnings for the third quarter, we feel that it is poised for earnings per share growth in the coming year. The company reported that it earned $1.01 per share, excluding the impact of synthetic fuel investments. Its current debt-to-equity ratio is somewhat high at 1.3, but this is still below the industry average, suggesting that its debt level is acceptable within the electric utilities industry.

Rock solid
Slow and easy wins the race

3 Stocks I Saw on TV:
Dan Fitzpatrick examines three stocks viewed on Fast Money and Mad Money. Today's stocks include Duke Energy, Nucor and Burlington North. 


Click here to watch the video.

JUST LUCKED UP ON IT AND SO FAR IT HAS DONE VERY GOOD

Dividends Reliable

I hold this stock for past 22 years with consistent stock and dividend growth

one of the poorest utility stocks on the market today

BOND TYPE STOCK