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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)
  • Rhianni32
    , contributor
    Comments (2064) | Send Message
     
    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
  • drchenoweth
    , contributor
    Comments (2) | Send Message
     
    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
  • berloe
    , contributor
    Comments (1813) | Send Message
     
    Good catch! It's hard to follow some SA writers when they exhibit carelessness.
    2 Nov 2011, 01:19 PM Reply Like
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