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As an income-driven investor I tend to look for higher yielding stocks that are currently experiencing an uptrend, which tends to signal a buying mode for traders. For a stock to be considered in an uptrend, shares must be simultaneously trading above their current 20-day, 50-day and 200-day simple moving averages. In this article, I wanted to follow-up to a similar article I had written on Thursday, and focus on three additional electric utility companies which are currently in an uptrend and yield upwards of 3.25%.

Wisconsin Energy Corp. (WEC) - Based in Milwaukee, Wisconsin, the company "generates and distributes electric energy, as well as distributes natural gas. It generates electricity from coal, natural gas, wind, and hydro sources. The company provides electric utility services to customers in industries, such as mining, paper, foundry, food products, and machinery production, as well as to large retail chains, municipally owned systems, rural cooperatives, and municipal joint action agencies; and gas utility services to paper, food products, and fabricated metal products industries. It also generates, distributes, and sells steam."

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Shares of WEC, which are currently priced at $41.30 and yield 3.40% ($1.36) are considered to be in the midst of an uptrend since they are trading 3.80% above their 20-DSMA, 7.66% above their 50-DSMA, and 9.30% above their 200-DSMA. Income investors should note that WEC has increased its quarterly dividend a total of three times (which equates to either an increase of $0.14/share or 70.00%) since February 2010.

Portland General Electric Company (POR) - Based in Portland, Oregon, the company is "an integrated electric utility, engaged in the generation, purchase, transmission, distribution, and retail sale of electricity in the state of Oregon. It operates five thermal plants, seven hydroelectric plants, and a wind farm located at Bigelow Canyon in eastern Oregon, and approximately 1,100 circuit miles of transmission lines. The company also sells electricity and natural gas in the wholesale market to utilities, brokers, and power marketers in the United States and Canada."

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Shares of POR, which are currently priced at $29.69 and yield 3.70% ($1.08) are considered to be in the midst of an uptrend since they are trading 3.00% above their 20-DSMA, 5.48% above their 50-DSMA, and 11.14% above their 200-DSMA. Income investors should note that POR has increased its quarterly dividend a total of three times (which equates to either an increase of $0.015/share or 5.88%) since March 2010.

DTE Energy Company (DTE) - Based in Detroit, Michigan and together with its subsidiaries, "operates as an electric and natural gas utility company in Michigan. The company's Energy Utility segment engages in the generation, purchase, distribution, and sale of electricity in southeastern Michigan. The company's Gas Utility segment is involved in the purchase, storage, transmission, distribution, and sale of natural gas in Michigan."

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Shares of DTE, which are currently priced at $66.80 and yield 3.80% ($2.48) are considered to be in the midst of an uptrend since they are trading 3.55% above their 20-DSMA, 6.75% above their 50-DSMA, and 12.41% above their 200-DSMA. Income investors should note that DTE has increased its quarterly dividend a total of four times (which equates to either an increase of $0.09/share or 16.98%) since March 2010.

Source: 3 More Higher Yielding Electric Utility Companies Currently In An Uptrend