Power Up Your Portfolio with Electric Utility Stocks

Traditionally electric utility stocks have offered stable growth and high dividend yields. Though they are boring to own they are usually preferred by income seeking investors such as retirees and others. Electric utilities are highly regulated in many states in the U.S. Despite the tough regulatory conditions electric companies are a monopoly in the areas they operate and are granted rate increases by regulators on a regular basis helping them generate higher profits.

Power company stocks that are traded on the NYSE are shown below:

S.No. Company Ticker
1 Ameren Corporation AEE
2 American Electric Power Company, Inc. AEP
3 The AES Corporation AES
5 Avista Corporation AVA
6 Allegheny Energy, Inc. AYE
7 Black Hills Corporation BKH
8 Constellation Energy Group, Inc. CEG
9 CH Energy Group, Inc. CHG
10 Companhia Energetica Minas Gerais (ADR) CIG
11 CMS Energy Corporation CMS
12 Cleco Corporation CNL
13 CenterPoint Energy, Inc. CNP
14 CPFL Energia S.A. (ADR) CPL
15 Central Vermont Public Service Corp CV
16 Dominion Resources, Inc. D
17 Covanta Holding Corporation CVA
18 DPL Inc. DPL
19 DTE Energy Company DTE
20 Duke Energy Corporation DUK
21 Dynegy Inc. DYN
22 Consolidated Edison, Inc. ED
23 The Empire District Electric Company EDE
24 El Paso Electric Company EE
25 Edison International EIX
26 Companhia Paranaense de Energia (ADR) ELP
27 Enersis S.A. (ADR) ENI
28 Empresa Nacional de Electricidad (ADR) EOC
29 Entergy Corporation ETR
30 Exelon Corporation EXC
31 FirstEnergy Corp. FE
32 FPL Group, Inc. FPL
33 Georgia Power Company GPW
34 Great Plains Energy Incorporated GXP
35 Hawaiian Electric Industries, Inc. HE
36 Huaneng Power International, Inc. (ADR) HNP

This week FirstEnergy announced to buy competitor Allegheny Energy for in $4.7B stock paying a 32% premium based on Wednesday’s closing price.The combined company would have six million customers in the seven states of Virginia, West Virginia, Ohio, Maryland, New Jersey, New York and Pennsylvania. Total annual revenues of the merged company is projected to be $16B.More consolidation may happen in the industry as companies try to maximize efficiency and gab market share. FPL Group, Inc.(FPL) is a high quality dividend stock that has performed consistently over many year. The current yield is 4.15%. Among the ADRs,  CPFL Energia (CPL) of Brazil pays a 6.36% dividend.

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