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3 Electric Utilities Stocks to Buy Now

CNL, PNM, DUK improve in weekly rankings

   

The grades of three Electric Utilities stocks are better this week, according to the Portfolio Grader database. Every one of these stocks has an “A” (“strong buy”) or “B” overall (“buy”) rating.

Cleco (NYSE:CNL) is bettering its rating of C (“hold”) from last week to a B (“buy”) this week. Cleco is involved in electric utility services as well as the ownership and operation of a merchant generation station. For more information, get Portfolio Grader’s complete analysis of CNL stock.

This week, PNM Resources’ (NYSE:PNM) ratings are up from a C last week to a B. PNM Resources is a holding company of energy and energy-related businesses. The stock currently has a trailing PE Ratio of 8.50. For more information, get Portfolio Grader’s complete analysis of PNM stock.

Duke Energy (NYSE:DUK) earns a B this week, jumping up from last week’s grade of C. Duke Energy provides electric power, gas, and other energy services in North and South America. The stock price has risen 5.2% over the past month, better than the 4.8% increase the S&P 500 has seen over the same period of time. The stock’s dividend yield is 3.1%. For more information, get Portfolio Grader’s complete analysis of DUK stock.

Louis Navellier’s proprietary Portfolio Grader stock ranking system assesses roughly 5,000 companies every week based on a number of fundamental and quantitative measures. Stocks are given a letter grade based on their results — with A being “strong buy,” and F being “strong sell.” Explore the tool here.


Article printed from InvestorPlace Media, http://investorplace.com/2013/01/3-electric-utilities-stocks-to-buy-now-cnl-pnm-duk/.

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