7 Electric Utilities Stocks to Buy Now

UIL, KEP, XEL, OTTR, PPL, CNL, WR improve in weekly rankings

   
7 Electric Utilities Stocks to Buy Now

The grades of seven Electric Utilities stocks are on the rise this week on Portfolio Grader. Each of these stocks is rated an “A” (“strong buy”) or “B” overall (“buy”).

UIL Holdings’ (NYSE:UIL) grade is moving up to a B (“buy”) this week from last week’s C (“hold”). UIL Holdings transmits and delivers electricity to customers and distributes natural gas in Connecticut and Massachusetts. Shares of UIL have increased 6.2% over the past month, better than the 0.5% increase the S&P 500 has seen over the same period of time. For more information, get Portfolio Grader’s complete analysis of UIL stock.

This week, Korea Electric Power (NYSE:KEP) is showing good progress as the company’s rating jumps from a B (“buy”) last week to an A (“strong buy”). Korea Electric Power generates, transmits, and distributes electricity to South Korea for a variety of uses. For more information, get Portfolio Grader’s complete analysis of KEP stock.

This week, Xcel Energy’s (NYSE:XEL) ratings are up from a C last week to a B. Xcel Energy is a holding company that is engaged in the generation, purchase, transmission, distribution and sale of electricity and natural gas. For more information, get Portfolio Grader’s complete analysis of XEL stock.

Otter Tail (NASDAQ:OTTR) shows solid improvement this week. The company’s rating rises from a B to an A. Otter Tail provides electricity and energy services to customers in Minnesota, North Dakota, and South Dakota. Investors seem to agree with the upgraded status of the stock, and have pushed the stock up 6.6% over the past month. For more information, get Portfolio Grader’s complete analysis of OTTR stock.

PPL Corp.’s (NYSE:PPL) ratings are looking better this week, moving up to a B from last week’s C. PPL is a utility holding company that generates and markets electricity. For more information, get Portfolio Grader’s complete analysis of PPL stock.

This is a strong week for Cleco (NYSE:CNL). The company’s rating climbs to B from the previous week’s C. Cleco is involved in electric utility services as well as the ownership and operation of a merchant generation station. Wall Street has pushed the stock higher by 5% over the past month. For more information, get Portfolio Grader’s complete analysis of CNL stock.

The rating of Westar Energy (NYSE:WR) moves up this week, rising from a C to a B. Westar Energy is an electric utility that produces, transmits and sells electricity. For more information, get Portfolio Grader’s complete analysis of WR 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/2013/02/7-electric-utilities-stocks-to-buy-now-uil-kep-xel/.

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