Seeking Alpha
Value, growth, long-term horizon, medium-term horizon
Profile| Send Message|
( followers)  

Many investors look to utilities stocks for defensive plays that sometimes offer a good source of dividend income. If that describes you, this list may be of interest.

Here we report 10 utilities stocks currently on a rally, trading above their 20-day, 50-day, and 200-day moving averages. These stocks have also seen significant net buying from institutional investors over the current quarter, indicating that big money managers have also rallied around these names.

click for expanded images

We also created an equal weighted index of the stocks mentioned below, and monitored the performance of the list relative to the S&P 500 index over the last month. To access a complete analysis of this list's recent performance, click here.

Do you think these stocks have more upward potential? Use this list as a starting-off point for your own analysis.

List sorted by net institutional shares purchased over the current quarter as a percent of share float.

1. Brookfield Infrastructure Partners L.P. (NYSE:BIP): Electric Utilities Industry. Market cap of $2.73B. The stock is currently 1.27% above its 20-day moving average, 4.52% above its 50-day MA, and 15.62% above its 200-day MA. Net institutional shares purchased over the current quarter at 19.0M, which is 12.38% of its 153.42M share float. The stock has gained 52.97% over the last year.

2. Portland General Electric Company (NYSE:POR): Electric Utilities Industry. Market cap of $1.92B. The stock is currently 3.40% above its 20-day moving average, 6.68% above its 50-day MA, and 18.76% above its 200-day MA. Net institutional shares purchased over the current quarter at 3.9M, which is 5.19% of its 75.16M share float. POR offers a good dividend, and appears to have good liquidity to back it up--dividend yield at 4.16%, current ratio at 1.54, and quick ratio at 1.42. The stock has gained 36.04% over the last year.

3. UIL Holdings Corporation (NYSE:UIL): Electric Utilities Industry. Market cap of $1.71B. The stock is currently 6.08% above its 20-day moving average, 10.74% above its 50-day MA, and 17.84% above its 200-day MA. Net institutional shares purchased over the current quarter at 1.7M, which is 3.41% of its 49.83M share float. The stock is a short squeeze candidate, with a short float at 6.51% (equivalent to 7.32 days of average volume). The stock has had a good month, gaining 11.99%.

4. Vectren Corporation (NYSE:VVC): Diversified Utilities Industry. Market cap of $2.29B. The stock is currently 0.37% above its 20-day moving average, 3.06% above its 50-day MA, and 8.87% above its 200-day MA. Net institutional shares purchased over the current quarter at 2.4M, which is 2.97% of its 80.83M share float. The stock has gained 22.81% over the last year.

5. Empire District Electric Co. (NYSE:EDE): Electric Utilities Industry. Market cap of $954.67M. The stock is currently 2.58% above its 20-day moving average, 5.09% above its 50-day MA, and 9.77% above its 200-day MA. Net institutional shares purchased over the current quarter at 1.2M, which is 2.9% of its 41.43M share float. The stock is a short squeeze candidate, with a short float at 5.07% (equivalent to 11.35 days of average volume). The stock has gained 26.45% over the last year.

6. Northeast Utilities (NYSE:NU): Diversified Utilities Industry. Market cap of $6.35B. The stock is currently 2.34% above its 20-day moving average, 3.94% above its 50-day MA, and 13.51% above its 200-day MA. Net institutional shares purchased over the current quarter at 4.5M, which is 2.56% of its 176.04M share float. The stock has gained 39.91% over the last year.

7. DTE Energy Co. (NYSE:DTE): Electric Utilities Industry. Market cap of $8.81B. The stock is currently 2.40% above its 20-day moving average, 5.32% above its 50-day MA, and 11.95% above its 200-day MA. Net institutional shares purchased over the current quarter at 4.3M, which is 2.55% of its 168.48M share float. The stock has gained 14.6% over the last year.

8. ONEOK Inc. (NYSE:OKE): Gas Utilities Industry. Market cap of $7.40B. The stock is currently 1.02% above its 20-day moving average, 4.18% above its 50-day MA, and 25.87% above its 200-day MA. Net institutional shares purchased over the current quarter at 2.4M, which is 2.38% of its 100.71M share float. The stock has gained 52.44% over the last year.

9. NRG Energy, Inc. (NYSE:NRG): Electric Utilities Industry. Market cap of $5.95B. The stock is currently 3.84% above its 20-day moving average, 11.81% above its 50-day MA, and 18.16% above its 200-day MA. Net institutional shares purchased over the current quarter at 5.7M, which is 2.37% of its 240.45M share float. The stock has had a good month, gaining 15.7%.

10. New Jersey Resources Corp. (NYSE:NJR): Gas Utilities Industry. Market cap of $1.87B. The stock is currently 3.46% above its 20-day moving average, 5.37% above its 50-day MA, and 10.27% above its 200-day MA. Net institutional shares purchased over the current quarter at 922.3K, which is 2.25% of its 41.01M share float. The stock has gained 22.63% over the last year.

*Institutional data sourced from Fidelity, all other data sourced from Finviz.

Source: 10 Rallying Utilities Stocks That Institutional Investors Are Buying