Seeking Alpha
Long/short equity, deep value, special situations, growth at reasonable price
Profile| Send Message|
( followers)  

Investors have historically turned to utilities for income, capital appreciation potential, safety and security. Although they can no longer be considered totally safe and secure, they can provide great yields and many have risen in price during 2007. You can download the entire list of electric utilities in an Excel format which can be sorted, at WallStreetNewsNetwork.com.

Here are some of the ones with the highest yields:

  • The one with the highest yield is Dominion Resources Inc. (NYSE:D), which pays out 6.7%. The company is based in Richmond, Virginia. It has a P/E of 14m and a PEG of 2.14.

  • The top yielding middle states utility Great Plains Energy Inc. (NYSE:GXP), is based in Kansas City, Missouri, and yields 5.7%. The stock has a P/E of 16.6, and a PEG of 4.89.

  • The highest yielding western states utility is Hawaiian Electric Industries Inc. (NYSE:HE), which yields 5.4%. The stock has a P/E of 30, and a PEG of 2.67.

  • In the northern states, the Chicago, Illinois-based Integrys Energy Group, Inc. (NYSE:TEG) is the highest yielder at 5.1%. The stock has a P/E of 17, and a PEG of 1.99.

  • In the southwest, the yield leader is Pinnacle West Capital Corp. (NYSE:PNW), which pays 4.9%. The stock has has a P/E of 13, and a PEG of 2.55.

  • The highest yielding Midwest utility Nisource Inc. (NYSE:NI), is based in Merrillville, Indiana, and yields 4.9%. The stock has a P/E of 16.4, and a PEG of 4.1.

  • In the northeast, Unitil Corp. (NYSE:UTL), based in Hampton, New Hampshire, is the highest yielding utility at 4.8%.

  • In the eastern U.S., CH Energy Group Inc. (NYSE:CHG) has the highest yield at 4.9%. This Poughkeepsie, New York-based company has a P/E of 16.6.

  • The highest yielding utility in the southeastern U.S., TECO Energy Inc. (NYSE:TE), is located in Tampa, Florida, and yields 4.5%. The stock has a P/E of 12.3, and a PEG of 3.38.

  • It is important to remember, that all yields and the stock prices are subject to fluctuation.

    Disclosure: The author does not own any of the above.

    Source: Nine Electric Utility Stocks to Light Up Your Portfolio