Income Ideas: 17 Low Beta, High Yield Utility Stocks Being Snapped by Big Money Managers

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Includes: AEE, APU, BIP, CNL, CPK, DTE, DUK, EOC, ES, HE, HNP, IDA, NGG, PNM, POM, POR, VVC
by: Kapitall

If you looking to boost your portfolio’s income, then this may be an interesting place to begin your own research.

To construct this list we looked for utility stocks with three characteristics:

  • Beta between 0-1
  • Dividend yield above 2%
  • Experiencing significant institutional buying as a percentage of float

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.

We also created a price-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.

Which of these stocks do you find to be a better fit for your portfolio?

1. Brookfield Infrastructure Partners L.P. (NYSE:BIP): Electric Utilities Industry. Market cap of $3.83B. Beta at 0.79. Dividend yield at 5.06%. On a net basis, institutional investors purchased 10.1M shares - this is equivalent to 6.58% of the floating shares. The stock has gained 71.95% over the last year.

2. Portland General Electric Company (NYSE:POR): Electric Utilities Industry. Market cap of $1.89B. Beta at 0.68. Dividend yield at 4.23%. On a net basis, institutional investors purchased 4.1M shares - this is equivalent to 5.46% of the floating shares. Offers a good dividend, and appears to have good liquidity to back it up--dividend yield at 4.23%, current ratio at 1.54, and quick ratio at 1.42. The stock has gained 43.61% over the last year.

3. Pepco Holdings, Inc. (NYSE:POM): Electric Utilities Industry. Market cap of $4.36B. Beta at 0.54. Dividend yield at 5.58%. On a net basis, institutional investors purchased 8.9M shares - this is equivalent to 3.95% of the floating shares. The stock has gained 32.28% over the last year.

4. IdaCorp, Inc. (NYSE:IDA): Electric Utilities Industry. Market cap of $1.91B. Beta at 0.45. Dividend yield at 3.11%. On a net basis, institutional investors purchased 1.3M shares - this is equivalent to 2.65% of the floating shares. The stock has gained 25.1% over the last year.

5. PNM Resources, Inc. (NYSE:PNM): Diversified Utilities Industry. Market cap of $1.36B. Beta at 0.99. Dividend yield at 3.18%. On a net basis, institutional investors purchased 2.2M shares - this is equivalent to 2.56% of the floating shares. The stock is a short squeeze candidate, with a short float at 5.41% (equivalent to 7.19 days of average volume). The stock has gained 35.63% over the last year.

6. National Grid plc (NYSE:NGG): Gas Utilities Industry. Market cap of $33.70B. Beta at 0.72. Dividend yield at 6.07%. On a net basis, institutional investors purchased 13.3M shares - this is equivalent to 1.96% of the floating shares. The stock has gained 30.55% over the last year.

7. Hawaiian Electric Industries Inc. (NYSE:HE): Electric Utilities Industry. Market cap of $2.26B. Beta at 0.56. Dividend yield at 5.22%. On a net basis, institutional investors purchased 1.8M shares - this is equivalent to 1.9% of the floating shares. The stock has gained 15.34% over the last year.

8. Northeast Utilities (NU): Diversified Utilities Industry. Market cap of $5.99B. Beta at 0.53. Dividend yield at 3.25%. On a net basis, institutional investors purchased 3.3M shares - this is equivalent to 1.87% of the floating shares. The stock has gained 38.4% over the last year.

9. Vectren Corporation (NYSE:VVC): Diversified Utilities Industry. Market cap of $2.23B. Beta at 0.44. Dividend yield at 5.06%. On a net basis, institutional investors purchased 1.5M shares - this is equivalent to 1.86% of the floating shares. The stock has gained 27.4% over the last year.

10. Ameren Corporation (NYSE:AEE): Diversified Utilities Industry. Market cap of $6.89B. Beta at 0.67. Dividend yield at 5.38%. On a net basis, institutional investors purchased 4.0M shares - this is equivalent to 1.66% of the floating shares. The stock has gained 26.6% over the last year.

11. Chesapeake Utilities Corporation (NYSE:CPK): Gas Utilities Industry. Market cap of $367.20M. Beta at 0.42. Dividend yield at 3.59%. On a net basis, institutional investors purchased 128.7K shares - this is equivalent to 1.4% of the floating shares. The stock has gained 37.71% over the last year.

12. DTE Energy Co. (NYSE:DTE): Electric Utilities Industry. Market cap of $8.47B. Beta at 0.67. Dividend yield at 4.7%. On a net basis, institutional investors purchased 2.3M shares - this is equivalent to 1.37% of the floating shares. The stock has gained 17.9% over the last year.

13. Progress Energy Inc. (PGN): Electric Utilities Industry. Market cap of $13.74B. Beta at 0.39. Dividend yield at 5.32%. On a net basis, institutional investors purchased 3.9M shares - this is equivalent to 1.33% of the floating shares. The stock has gained 30.21% over the last year.

14. Huaneng Power International Inc. (NYSE:HNP): Electric Utilities Industry. Market cap of $6.94B. Beta at 0.62. Dividend yield at 5.29%. On a net basis, institutional investors purchased 1.2M shares - this is equivalent to 1.29% of the floating shares. The stock has gained 16.9% over the last year.

15. Cleco Corporation (NYSE:CNL): Electric Utilities Industry. Market cap of $2.08B. Beta at 0.51. Dividend yield at 3.29%. On a net basis, institutional investors purchased 762.1K shares - this is equivalent to 1.28% of the floating shares. The stock is a short squeeze candidate, with a short float at 6.43% (equivalent to 8.49 days of average volume). The stock has gained 37.72% over the last year.

16. AmeriGas Partners LP (NYSE:APU): Gas Utilities Industry. Market cap of $2.49B. Beta at 0.47. Dividend yield at 6.78%. On a net basis, institutional investors purchased 382.1K shares - this is equivalent to 1.19% of the floating shares.The stock has gained 15.81% over the last year.

17. Empresa Nacional de Electricidad S.A. (NYSE:EOC): Foreign Utilities Industry. Market cap of $15.31B. Beta at 0.47. Dividend yield at 3.65%. On a net basis, institutional investors purchased 1.3M shares - this is equivalent to 1.19% of the floating shares. The stock has gained 31.66% over the last year.

*Data sourced from Fidelity and Finviz.

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