Seeking Alpha

It's on panicky days like these that long-term investors should look at utility stocks, Tim...

It's on panicky days like these that long-term investors should look at utility stocks, Tim Beyers writes. At least one utility that says it's in "full restoration mode" from the weekend nor'easter, National Grid (NGG -1.5%), boasts a 7.6% yield and sports a P/E of 9.8, well below the industry norm. Beyers also likes SPH, APU, NRGY and PNG.
Comments (3)
  • Its days like this that long-term investors should look to their long term strategy and not worry about 1 day.
    1 Nov 2011, 10:16 AM Reply Like
  • Please review the dividend payment history for NGG. The June payment has been substantially higher than the December payment. The 7.6% yield was a calculation based on doubling the June payment to arrive at an annualized payment. I am long NGG and bought it eyes wide open.
    2 Nov 2011, 01:09 PM Reply Like
  • Good catch! It's hard to follow some SA writers when they exhibit carelessness.
    2 Nov 2011, 01:19 PM Reply Like
DJIA (DIA) S&P 500 (SPY)