Seeking Alpha
Recommended for you:
-
dasdasdasdadas
Value, growth, long-term horizon, medium-term horizon
Profile| Send Message|
( followers)  

The following is a list of utility sector stocks with conservative accounting practices, according to the ratings developed by forensic accounting firm Audit Integrity.

Audit Integrity was founded in 2002 to develop risk management tools based on a statistical analysis of corporate integrity. The Accounting and Governance Risk (AGR) rating is a forensic measure of the transparency and reliability of a corporation’s financial reporting and governance practices. The closer the score is to 100, the more conservative the company's accounting practices, according to Audit Integrity.

All the companies in this list have high AGR scores above 70, i.e. more conservative and transparent accounting practices than most other firms.

Short float values sourced from Finviz, AGR ratings sourced from Audit Integrity.

Interactive Chart: Press Play to compare changes in analyst ratings over the last two years for the top six stocks mentioned below. Analyst ratings sourced from Zacks Investment Research. Note: The numbers on top of items represent the forward P/E ratio, if available.


The list has been sorted by the AGR score.

1. Chesapeake Utilities Corporation (NYSE:CPK): Gas Utilities Industry. Market cap of $381.26M. According to Audit Integrity, the company has Conservative accounting practices, with an AGR score of 93. Short float at 2.28%, which implies a short ratio of 6.12 days. The stock has gained 40.27% over the last year.

2. Nicor Inc. (NYSE:GAS): Gas Utilities Industry. Market cap of $2.28B. According to Audit Integrity, the company has Conservative accounting practices, with an AGR score of 91. Short float at 6.9%, which implies a short ratio of 5.37 days. The stock has gained 29.07% over the last year.

3. Portland General Electric Company (NYSE:POR): Electric Utilities Industry. Market cap of $1.7B. According to Audit Integrity, the company has Conservative accounting practices, with an AGR score of 88. Short float at 3.77%, which implies a short ratio of 4.36 days. The stock has gained 20.91% over the last year.

4. Southwest Gas Corporation (NYSE:SWX):
Gas Utilities Industry. Market cap of $1.73B. According to Audit Integrity, the company has Conservative accounting practices, with an AGR score of 88. Short float at 2.44%, which implies a short ratio of 6.47 days. The stock has gained 40.82% over the last year.

5. Vectren Corporation (NYSE:VVC): Diversified Utilities Industry. Market cap of $2.18B. According to Audit Integrity, the company has Average accounting and governance risk, with an AGR score of 85. Short float at 1.67%, which implies a short ratio of 2.65 days. The stock has gained 20.81% over the last year.

6. DPL Inc. (NYSE:DPL): Diversified Utilities Industry. Market cap of $3.17B. According to Audit Integrity, the company has Average accounting and governance risk, with an AGR score of 80. Short float at 5.09%, which implies a short ratio of 8.28 days. The stock has gained 3.33% over the last year.

7. New Jersey Resources Corp. (NYSE:NJR): Gas Utilities Industry. Market cap of $1.77B. According to Audit Integrity, the company has Average accounting and governance risk, with an AGR score of 80. Short float at 5.62%, which implies a short ratio of 13.98 days. The stock has gained 21.58% over the last year.

8. AmeriGas Partners LP (NYSE:APU):
Gas Utilities Industry. Market cap of $2.88B. According to Audit Integrity, the company has Average accounting and governance risk, with an AGR score of 79. Short float at 0.69%, which implies a short ratio of 4.62 days. The stock has gained 35.04% over the last year.

9. OGE Energy Corp. (NYSE:OGE): Electric Utilities Industry. Market cap of $4.26B. According to Audit Integrity, the company has Average accounting and governance risk, with an AGR score of 79. Short float at 0.94%, which implies a short ratio of 1.83 days. The stock has gained 32.36% over the last year.

10. IdaCorp, Inc. (NYSE:IDA): Electric Utilities Industry. Market cap of $1.89B. According to Audit Integrity, the company has Average accounting and governance risk, with an AGR score of 76. Short float at 2.38%, which implies a short ratio of 4.89 days. The stock has gained 26.72% over the last year.

11. Empire District Electric Co. (NYSE:EDE): Electric Utilities Industry. Market cap of $909.46M. According to Audit Integrity, the company has Average accounting and governance risk, with an AGR score of 75. Short float at 4.43%, which implies a short ratio of 8.76 days. The stock has gained 27.29% over the last year.

12. Black Hills Corporation (NYSE:BKH): Electric Utilities Industry. Market cap of $1.23B. According to Audit Integrity, the company has Average accounting and governance risk, with an AGR score of 74. Short float at 15.71%, which implies a short ratio of 13.77 days. The stock has gained 24.47% over the last year.

13. WGL Holdings Inc. (NYSE:WGL)
: Gas Utilities Industry. Market cap of $1.88B. According to Audit Integrity, the company has Average accounting and governance risk, with an AGR score of 71. Short float at 6.18%, which implies a short ratio of 9.5 days. The stock has gained 20.07% over the last year.

14. Ameren Corporation (NYSE:AEE): Diversified Utilities Industry. Market cap of $6.98B. According to Audit Integrity, the company has Average accounting and governance risk, with an AGR score of 70. Short float at 3.21%, which implies a short ratio of 4.16 days. The stock has gained 19.89% over the last year.

15. California Water Service Group (NYSE:CWT): Water Utilities Industry. Market cap of $781.75M. According to Audit Integrity, the company has Average accounting and governance risk, with an AGR score of 70. Short float at 2.22%, which implies a short ratio of 4.95 days. The stock has gained 7.69% over the last year.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Source: 15 Utility Stocks With Conservative Accounting Practices