Six High Yielding Electric Utilities

by: Stockerblog posted on: August 03, 2008 | about stocks: AEE / ED / EDE / GXP / PGN / PNW    
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With the stock market uncertainty, more and more investors are turning to utility stocks. Last week, I wrote about the highest yielding natural gas utilities stocks. The database of all electric utilities was recently updated by WallStreetNewsNetwork.com.

Here are some of the highest yielding electric utility stocks:

  • One of the two highest yielding electric utilities is Pinnacle West Capital Corp. (PNW), the southwestern utility, has a yield of 6.7%. This Phoenix, Arizona based company generates its electricity from coal, natural gas, oil, nuclear, and solar power. The stock has a P/E of 12 and a PEG of 3.75.
  • The other high yielder is Empire District Electric Co. (EDE) is based in Joplin, Missouri and yields 6.7%. The company serves Missouri, Kansas, Oklahoma, and Arkansas. Forty-three percent of its electrical generation comes from coal, and 26% from oil. The stock has a P/E of 20 and a PEG of 2.57.
  • Another high yield stock is Great Plains Energy Inc. (GXP), the Kansas City Missouri based utility which yields 6.6%. Its electrical generation comes from coal, nuclear, natural gas, oil, and wind power. The company serves western Missouri and eastern Kansas. The stock has a P/E of 14 and a PEG of 2.7.
  • Consolidated Edison Inc. (ED) yields 6% and serves parts of New York, New Jersey Pennsylvania. The stock has a P/E of 12 and a PEG of 3.94.
  • Ameren Corporation (AEE) is a utility that serves Missouri and Illinois. The stock has a P/E of 14, a PEG of 3.25, and a 6.2% yield.
  • Another high yielding utility is Progress Energy Inc. (PGN), which yields slightly less than 5.9%. This Raleigh, North Carolina utility serves North Carolina, South Carolina, and parts of Florida. 30% of its electrical generation comes from coal, and 35% from oil. The stock has a P/E of 21 and a PEG of 2.28.

Disclosure: The author does not own any of the above stocks.

This article has 8 comments! Add yours below...

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This article has 8 comments:

  •  
    skwestorange
    Aug 04 07:45 AM
    Do you have any insight on why these are high yielding and are they really good investments?
  •  
    notsosmart
    Aug 04 12:34 PM
    My Website
    im concerned by con ed having to replace the ancient infrastructure.
  •  
    samcstewart
    Aug 04 03:26 PM
    PGN (Progress Energy)
    coal = 35%
    nuclear = 20%
    oil+nat_gas= 44
    hydro = 1
  •  
    real
    azbroker
    Aug 06 06:57 PM
    Dumped my MOT, after a big loss, and put it into PNW because it has a good 6%+ dividend. Also the AZ CorpCommission that sets electric rates has been reasonable with PNW/APS rate increase requests. PNW should grow results in the last quarter 0f 08 and more in 09.
  •  
    berberick
    Sep 17 09:48 AM
    I own DUK and have for a while , really like them aggressivly jumping into wind . ED is also solid , most cost of fixing infrastructure is passed on as it is with most utilities . Local goverments no that not investing in infrastructure is really bad . They usually let utilities pass cost on , ED is solid and have done very well for investors . The yield is also nice .
  •  
    berberick
    Sep 17 09:53 AM
    EDE has a nice current yield BUT THEY DON'T raise their dividend and have not in years . The stock has also been trading sideways forever , over the last 2 years it's actually down a little in price . I personally would not touch EDE !
  •  
    berberick
    Sep 18 04:10 AM
    GXP is also a high-yield stock with poor management ! Yield is high but stock price over last 5 years is down about 30% ! Dividend has not been raised in 10 years !!!!!!!! Please
  •  
    berberick
    Sep 18 04:16 AM
    This article is killing me AEE has not raised DIV. forever and stock price is down over last 5 years ! Come on !
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