Utility stocks have regained popularity amongst investors in 2014 due to rising uncertainties in the broader markets and declining treasury yields. The S&P 500 Utilities Index has gained 4.87 percent year-to-date (the best out of the 10 sectors), while the S&P 500 Index has fallen 1.0 percent. "People are going to be looking at utilities more seriously this year in part because the stock market in general might be a little bit rockier," said John Carey, portfolio manager at Pioneer Investment Management. According to FactSet, the average dividend yield for utilities is 3.9 percent, compared to the S&P 500’s average dividend yield of 2.0 percent.
American Electric Power Company Inc. (NYSE: AEP) shares traded in the range of $48.75 to $49.74 Thursday before settling to close at $49.70, an increase of 1.47. The stock appears to have some support at the $49.52, $48.92 and $48.32 levels. The company currently offers investors an annual dividend yield of roughly 4.02 percent. Shares of American Electric have gained approximately 6.0 percent year-to-date.
More information on American Electric and access to the free equity report can be found at:
www.WallStreetFundamentals.com/AEP
Exelon Corporation (NYSE: EXC) shares traded in the range of $28.85 to $29.59 Thursday before settling to close at $29.40, an increase of 1.59 percent. The stock appears to be facing some resistance at the $30.02 and $30.34 levels with some support at $29.34 and $29.02. The company currently offers investors an annual dividend yield of roughly 4.22 percent. Shares of Exelon have gained approximately 7.0 percent year-to-date.
More information on Exelon and access to the free equity report can be found at:
www.WallStreetFundamentals.com/EXC
PG&E Corporation (NYSE: PCG) shares traded in the range of $43.00 to $43.94 Thursday before settling to close at $43.91, an increase of 1.76 percent. The stock appears to have some support at the $42.83, $42.27 and $42.13 levels. The company currently offers investors an annual dividend yield of roughly 4.14 percent. Shares of PG&E have gained approximately 9.0 percent year-to-date.
More information on PG&E and access to the free equity report can be found at:
www.WallStreetFundamentals.com/PCG
Xcel Energy Inc. (NYSE: XEL) shares traded in the range of $28.98 to $29.45 Thursday before settling to close at $29.43, an increase of 1.06 percent. The stock appears to have some support at the $29.33, $29.08 and $28.94 levels. The company currently offers investors an annual dividend yield of roughly 3.81 percent. Shares of Xcel Energy have gained approximately 5.0 percent year-to-date.
More information on Xcel Energy and access to the free equity report can be found at:
www.WallStreetFundamentals.com/XEL
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