8 Electric Utilities Stocks to Buy Now

NEE, XEL, PPL, ALE, OGE, ITC, PNW, EIX improve in weekly rankings

   
8 Electric Utilities Stocks to Buy Now

The grades of eight 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.

This week, NextEra Energy (NYSE:NEE) is making solid headway. The company’s rating improves to an A (“strong buy”) from last week’s B (“buy”) rating. NextEra Energy generates, transmits, distributes, and sells electric energy utilizing natural gas, wind, and nuclear resources. In Portfolio Grader’s specific subcategory of Margin Growth, NEE also gets an A. At present, the stock has a dividend yield of 2.4%. For more information, get Portfolio Grader’s complete analysis of NEE stock.

This week, Xcel Energy (NYSE:XEL) is showing significant improvement as the company’s rating hops from a C (“hold”) to a B (“buy”). 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.

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.

Allete (NYSE:ALE) earns a B this week, jumping up from last week’s grade of C. ALLETE generates, transmits, and distributes electric power in the United States. The stock price has risen 8.9% over the past month, better than the 3.3% increase the S&P 500 has seen over the same period of time. For more information, get Portfolio Grader’s complete analysis of ALE stock.

The rating of OGE Energy (NYSE:OGE) moves up this week, rising from a C to a B. Based in Oklahoma City, OGE is the parent company of OG&E Electric Services, Enogex and OGE Energy Resources. For more information, get Portfolio Grader’s complete analysis of OGE stock.

ITC Holdings (NYSE:ITC) improves from a C to a B rating this week. ITC Holdings transmits electricity from electricity generating stations to local electricity distribution facilities. For more information, get Portfolio Grader’s complete analysis of ITC stock.

Pinnacle West Capital (NYSE:PNW) is seeing ratings go up from a C last week to a B this week. Pinnacle West Capital is a utility holding company. The stock has a dividend yield of 2.2%. For more information, get Portfolio Grader’s complete analysis of PNW stock.

This week, Edison International (NYSE:EIX) pushes up from a C to a B rating. Edison International engages in the supply of electric energy through transmission and distribution network primarily to commercial, residential, industrial, and agricultural customers, as well as to public authorities. For more information, get Portfolio Grader’s complete analysis of EIX 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/2013/02/8-electric-utilities-stocks-to-buy-now-nee-xel-ppl/.

©2014 InvestorPlace Media, LLC

Comments are currently unavailable. Please check back soon.