With the stock market uncertainty, more and more investors are turning to utility stocks. Last week, I wrote about the highest yielding natural gas utilities stocks. The database of all electric utilities was recently updated by WallStreetNewsNetwork.com.
Here are some of the highest yielding electric utility stocks:
- One of the two highest yielding electric utilities is Pinnacle West Capital Corp. (PNW), the southwestern utility, has a yield of 6.7%. This Phoenix, Arizona based company generates its electricity from coal, natural gas, oil, nuclear, and solar power. The stock has a P/E of 12 and a PEG of 3.75.
- The other high yielder is Empire District Electric Co. (EDE) is based in Joplin, Missouri and yields 6.7%. The company serves Missouri, Kansas, Oklahoma, and Arkansas. Forty-three percent of its electrical generation comes from coal, and 26% from oil. The stock has a P/E of 20 and a PEG of 2.57.
- Another high yield stock is Great Plains Energy Inc. (GXP), the Kansas City Missouri based utility which yields 6.6%. Its electrical generation comes from coal, nuclear, natural gas, oil, and wind power. The company serves western Missouri and eastern Kansas. The stock has a P/E of 14 and a PEG of 2.7.
- Consolidated Edison Inc. (ED) yields 6% and serves parts of New York, New Jersey Pennsylvania. The stock has a P/E of 12 and a PEG of 3.94.
- Ameren Corporation (AEE) is a utility that serves Missouri and Illinois. The stock has a P/E of 14, a PEG of 3.25, and a 6.2% yield.
- Another high yielding utility is Progress Energy Inc. (PGN), which yields slightly less than 5.9%. This Raleigh, North Carolina utility serves North Carolina, South Carolina, and parts of Florida. 30% of its electrical generation comes from coal, and 35% from oil. The stock has a P/E of 21 and a PEG of 2.28.
Disclosure: The author does not own any of the above stocks.
