Foreign Utilities Up Nicely from Lows

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Includes: APWR, BIP, CIG, CPL, CWCO, EBR, EDN, ELP, ENIA, EOC, HNP, HOO, KEP, MGS, NGG, SBS, TAC, TGS, TRP, VEOEY
by: David Hunkar

Foreign utility stocks have performed well off the lows seen in March this year, similar to the financial sector. While the financial sector gets most of the media attention due to the stress-tests in the US, as well as bailouts and other events, I wanted to find out how the foreign utility sector was performing since the March lows. The results of my research are displayed below in table form.

Performance of foreign utilities since March lows:

As shown in the listing above, many of the stocks are up in double digit percentages. Seven of the stocks have dividend yields of over 5% even after recent gains. It must be noted that though Brazilian utilities such as CPFL Energia S.A. (NYSE:CPL) pay over 7% in dividends, they can be volatile and do not follow consistent payment patterns. However utilities in the developed world such as Veolia Environnement (VE) of France, TransAlta Corp. (NYSE:TAC) of Canada, National Grid plc (NYSE:NGG) etc. have relatively safer yields and have great business models.