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Top-Yielding Electric Utilities for Winter Weather - 13239 views
Winter is here, the weather is getting colder, and snow is starting to appear around the country. That means more electric heaters, more people spending time indoors -- and more electricity consumed.
WallStreetNewsNetwork.com has updated its list of electricity stocks, and there are more than 25 with yields above 4%. In addition, these companies can provide relative safety, security and stability compared with many other stocks. In the past, utilities have paid favorable dividends for many years with low volatility.
Here are some examples of utility stocks with CD-beating yields.
Empire District Electric (EDE) trades at 18.5 times current earnings and 12.4 times forward earnings. The stock sports a price earnings growth ratio of 1.54 and pays a yield of 5.9%.
Duke Energy (DUK) yields 5.6%, with a trailing P/E of 18.7 and forward P/E of 13.1. The PEG ratio is 2.83.
Westar Energy (WR) also pays a decent yield of 5%. It has a trailing P/E of 13.6 and forward P/E of 14.4. The PEG ratio is 1.71.
You can access a free downloadable database of high yield electric utility stocks -- including one that yields more than 6% -- that you can update, change and sort at WallStreetNewsNetwork.com.
At the time of publication, author had no positions in stocks mentioned.
Fred Fuld III, the publisher of stock and bond investing blog Stockerblog and founder of WallStreetNewsNetwork, has been in the financial services industry for over 20 years, working as an investment advisor, options market maker at the Pacific Stock Exchange, vice president of a San Francisco money management firm, university faculty member and wholesaler for the New Alternatives Fund (the first environmentally conscious mutual fund). He is the author of the books Investing in Brazil Stocks and The Green Light on Green Stocks.