10 Top Gas Utilities

According to the Department of Energy's Energy Information Administration's release on January 8, "natural gas spot price averaged $7.17 per thousand cubic feet (mcf) in 2007, and is expected to average $7.78 per mcf in 2008, and $7.92 per mcf in 2009." Maybe it's time to take a closer look at natural gas, and propane utility stocks.

Amerigas Partners (APU) is a Pennsylvania-based retail propane distributor. The stock has a forward P/E of 14.29, a PEG of 3.78, and a yield of 6.8%.

Atmos Energy Corp. (ATO) is a Houston, Texas-based distributor of natural gas. The stock has a forward P/E of 13.44, a PEG of 2.49, and a yield of 4.6%.

Nicor Inc. (GAS) is in the business of natural gas distribution and shipping. The stock has a forward P/E of 14.7, a PEG of 3.75, and a yield of 4.5%.

Atlanta Gas Light (ATG) is an Atlanta-based distributor of natural gas in Florida, Georgia, Maryland, New Jersey, Tennessee, and Virginia. The stock has a forward P/E of 13.04, a PEG of 2.79, and a yield of 4.3%.

Laclede Group Inc. (LG) is one of the original Dow stocks. It is a distributor of natural gas. The stock has a forward P/E of 14.98, a PEG of 5.35, and a yield of 4.3%.

WGL Holdings Inc. (WGL) is a Washington, D.C.-based natural gas distributor. The stock has a forward P/E of 14.73, a PEG of 3.86, and a yield of 4%.

Piedmont Natural Gas (PNY) is a Charlotte, North Carolina-based distributor of natural gas. The stock has a forward P/E of 16.89, a PEG of 3.04, and a yield of 3.7%.

Chesapeake Utilities (CPK) is a Delaware based distributor of natural gas. The stock has a forward P/E of 14.59, a PEG of 2.72, and a yield of 3.6%.

Transcanada Corp. (TRP) is a Calgary, Alberta, Canada natural gas pipeline distributor in Canada, United States, and Mexico. The stock has a forward P/E of 18.16, a PEG of 4.2, and a yield of 3.5%.

N J Resources Corp (NJR) is a New Jersey-based natural gas distributor. The stock has a forward P/E of 14.5, a PEG of 3.13, and a yield of 3.2%.

These stocks can be tracked at Stockpickr.com, and you can download an Excel list of all the dividend paying gas utilities at WallStreetNewsNetwork.com.

Disclosure: The author owns GAS.

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