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With the recent market drop, it may be the time to invest in quality companies that are now paying a higher yield. I have had a focus on utilities lately (click here to read my electric utility retirement list), so it was a natural place for me to start. I setup an EDGAR online screener to find electric utilities that pay a dividend. I don't want to look at all the stocks that pay a dividend so I filtered the results based on the following:

  • Must trade at least 500K shares a day on average.
  • Dividend yield must be a minimum of 3%.
  • Must not have a payout ratio over 70% based on the last quarter.
Yield % Payout Ratio Recent Price P/E Ratio
DUK 5.48 64.76 $18.35 11.84
ETR 5.37 46.76 $62.48 8.6
PPL 5.13 57.99 $27.20 11.23
SCG 5.03 64.64 $39.15 13.08
AEP 4.97 58.91 $37.37 12.39
DTE 4.95 55.27 $47.26 11.62
POR 4.70 47.27 $22.73 10.3
DPL 4.46 64.08 $29.85 14.76
XEL 4.46 60.54 $23.39 13.71
PCG 4.42 67.96 $41.21 15.31
ED 4.42 65.25 $54.56 14.89
CNP 4.22 64.87 $18.66 15.61
D 4.11 64.58 $48.28 16.43
NEE 4.05 48.28 $54.61 12.34
EIX 3.57 39.39 $35.90 11.21
NU 3.41 43.97 $32.46 13.59
NVE 3.32 53.49 $14.22 16.62

Duke Energy Corporation (NYSE:DUK)

Yield: 5.45% Duke Energy Corporation operates as an energy company in the Americas. It operates through three segments: U.S. franchised electric and gas, commercial power, and international energy. The company was founded in 1916 and is headquartered in Charlotte, North Carolina.

Looking at the price movement over the last month, the stock has fallen in price -3.75 %, with a one year change of 7.04%.

Comparing to the S&P 500 price changes, the price performances are 15.23% vs. the S&P 500 from a month ago, and year to date difference is 14.63% vs. the S&P 500 price change.

Entergy Corporation (NYSE:ETR)

Yield: 5.21% Entergy Corporation, together with its subsidiaries, operates as an integrated energy company in the United States. It primarily engages in electric power production and retail electric distribution operations. The company was founded in 1989 and is based in New Orleans, Louisiana.

In the last month, the stock has decreased in price -9.41 %, with a one year change of -20.52%.

Comparing to the S&P 500 price changes, the price performances are 8.45% vs. the S&P 500 from a month ago, and year to date difference is -2.22% vs. the S&P 500 price change.

PPL Corporation (PPL)

Yield: 5.32% PPL Corporation, an energy and utility holding company, generates and sells electricity; and delivers natural gas to approximately 5.3 million utility customers primarily in the northeastern and northwestern US. The company was founded in 1920 and is headquartered in Allentown, Pennsylvania.

Looking at the price movement over the last month, the stock has fallen in price -2.53 %, with a one year change of 2.29%.

Comparing to the S&P 500 price changes, the price performances are 16.69% vs. the S&P 500 from a month ago, and year to date difference is 16.10% vs. the S&P 500 price change.

SCANA Corporation (SCG)

Yield: 4.68% SCANA Corporation and its subsidiaries engage in the generation, transmission, distribution, and sale of electricity to retail and wholesale customers in South Carolina. The company is based in Cayce, South Carolina.

Looking at the price movement over the last month, the stock has fallen in price -4.83 %, with a one year change of 0.23%.

Comparing to the S&P 500 price changes, the price performances are 13.94% vs. the S&P 500 from a month ago, and year to date difference is 6.36% vs. the S&P 500 price change.

American Electric Power Company, (AEP)

Yield: 4.75% American Electric Power Company, Inc., together with its subsidiaries, engages in the generation, transmission, and distribution of electric power to retail customers. The company was founded in 1906 and is based in Columbus, Ohio.

In the last month, the stock has decreased in price -1.72 %, with a one year change of 6.37%.

Comparing to the S&P 500 price changes, the price performances are 17.66% vs. the S&P 500 from a month ago, and year to date difference is 15.29% vs. the S&P 500 price change.

DTE Energy Company (DTE)

Yield: 4.81% DTE Energy Company, together with its subsidiaries, operates as an electric and natural gas utility company in Michigan. It also involves in non-utility operations. The company was founded in 1995 and is based in Detroit, Michigan.

Looking at the price movement over the last month, the stock has fallen in price -7.26 %, with a one year change of 3.60%.

Comparing to the S&P 500 price changes, the price performances are 11.03% vs. the S&P 500 from a month ago, and year to date difference is 17.34% vs. the S&P 500 price change.

Portland General Electric Company (POR)

Yield: 4.77% Portland General Electric Company operates as an integrated electric utility in Oregon. The company engages in the generation, purchase, transmission, distribution, and retail sale of electricity. The company was founded in 1930 and is headquartered in Portland, Oregon.

In the last month, the stock has decreased in price -12.02 %, with a one year change of 14.82%.

Comparing to the S&P 500 price changes, the price performances are 5.33% vs. the S&P 500 from a month ago, and year to date difference is 16.32% vs. the S&P 500 price change.

DPL Inc. (DPL)

Yield: 4.71% DPL Inc., through its subsidiary, The Dayton Power and Light Company, operates as a regional electric energy and utility company in the United States. The company was founded in 1985 and is based in Dayton, Ohio.

In the last month, the stock has decreased in price -1.62 %, with a one year change of 17.97%.

Comparing to the S&P 500 price changes, the price performances are 17.78% vs. the S&P 500 from a month ago, and year to date difference is 29.79% vs. the S&P 500 price change.

Xcel Energy Inc. (XEL)

Yield: 4.25% Xcel Energy Inc., through its subsidiaries, engages in the generation, purchase, transmission, distribution, and sale of electricity to residential, commercial, and industrial customers, as well as to public authorities in the United States. The company was founded in 1909 and is based in Minneapolis, Minnesota.

In the last month, the stock has decreased in price -5.01 %, with a one year change of 7.17%.

Comparing to the S&P 500 price changes, the price performances are 13.72% vs. the S&P 500 from a month ago, and year to date difference is 10.79% vs. the S&P 500 price change.

PG&E Corporation (PCG)

Yield: 3.8% PG&E Corporation, through its subsidiaries, operates as a public utility company that engages in electricity and natural gas distribution primarily in northern and central California. The company was founded in 1905 and is based in San Francisco, California.

In the last month, the stock has decreased in price -3.67 %, with a one year change of -8.67%.

Comparing to the S&P 500 price changes, the price performances are 15.32% vs. the S&P 500 from a month ago, and year to date difference is -3.63% vs. the S&P 500 price change.

Consolidated Edison, Inc. (ED)

Yield: 4.8% Consolidated Edison, Inc., through its subsidiaries, provides electric, gas, and steam utility services in the United States. The company was founded in 1884 and is based in New York, New York.

Looking at the price movement over the last month, the stock has moved higher in price 1.46 %, with a one year change of 16.90%.

Comparing to the S&P 500 price changes, the price performances are 21.47% vs. the S&P 500 from a month ago, and year to date difference is 22.74% vs. the S&P 500 price change.

CenterPoint Energy, Inc. (CNP)

Yield: 4.96% CenterPoint Energy, Inc. operates as a public utility holding company in the United States. The company was founded in 1882 and is headquartered in Houston, Texas.

In the last month, the stock has decreased in price -7.55 %, with a one year change of 29.26%.

Comparing to the S&P 500 price changes, the price performances are 10.68% vs. the S&P 500 from a month ago, and year to date difference is 33.37% vs. the S&P 500 price change.

Dominion Resources, Inc. (D)

Yield: 4.28% Dominion Resources, Inc., together with its subsidiaries, engages in producing and transporting energy in the United States. It operates in three segments: DVP, dominion generation, and dominion energy. The company was founded in 1909 and is headquartered in Richmond, Virginia.

Looking at the price movement over the last month, the stock has fallen in price -3.60 %, with a one year change of 9.89%.

Comparing to the S&P 500 price changes, the price performances are 15.41% vs. the S&P 500 from a month ago, and year to date difference is 25.74% vs. the S&P 500 price change.

NextEra Energy, Inc. (NEE)

Yield: 3.85% NextEra Energy, Inc., through its subsidiaries, engages in the generation, transmission, distribution, and sale of electric energy in the United States and Canada. The company was founded in 1984 and is headquartered in Juno Beach, Florida.

In the last month, the stock has decreased in price -5.52 %, with a one year change of 4.73%.

Comparing to the S&P 500 price changes, the price performances are 13.11% vs. the S&P 500 from a month ago, and year to date difference is 16.88% vs. the S&P 500 price change.

Edison International (EIX)

Yield: 3.28% Edison International, through its subsidiaries, engages in the supply of electric energy in central, coastal, and southern California. The company was founded in 1886 and is based in Rosemead, California.

Looking at the price movement over the last month, the stock has fallen in price -8.59 %, with a one year change of 6.92%.

Comparing to the S&P 500 price changes, the price performances are 9.43% vs. the S&P 500 from a month ago, and year to date difference is 3.98% vs. the S&P 500 price change.

Northeast Utilities System (NU)

Yield: 3.29% Northeast Utilities, a public utility holding company, provides electric and natural gas energy delivery services to residential, commercial, and industrial customers in Connecticut, New Hampshire, and western Massachusetts. The company was founded in 1927 and is headquartered in Hartford, Connecticut.

In the last month, the stock has decreased in price -8.83 %, with a one year change of 12.66%.

Comparing to the S&P 500 price changes, the price performances are 9.15% vs. the S&P 500 from a month ago, and year to date difference is 13.13% vs. the S&P 500 price change.

NV Energy, Inc. (NVE)

Yield: 3.2% NV Energy, Inc., through its subsidiaries, generates, transmits, and distributes electric energy in Nevada. The company generates electricity from its gas, oil, and coal generating units. The company was founded in 1906 and is headquartered in Las Vegas, Nevada.

In the last month, the stock has decreased in price -5.30 %, with a one year change of 14.76%.

Comparing to the S&P 500 price changes, the price performances are 13.37% vs. the S&P 500 from a month ago, and year to date difference is 15.20% vs. the S&P 500 price change.

Source: 17 Highest Yielding Electric Utility Stocks With Profits To Pay Dividends