Investors are gradually becoming more interested in the utilities sector as an investment possibility. The American Water Works Company, NextEra Energy, Inc., and The AES Corporation are spearheading the fight. Utility stocks are becoming a popular and profitable alternative to bonds among investors. With gains of approximately 9.3 percent in March, the S&P 500 utilities index outperformed the market as a whole. Some professionals have commented that this could be due to their inherent predisposition to perform better amid economic downturns. Historically, the utilities sector has proven to be an important component of healthy investment portfolios. According to a recent analysis by Edward Joseph Jones, the enterprises in this sector are often among the few that are unaffected by economic downturns and downturns. As a result, this steady and growing passive income stream aids investors in hedging against inflation.
Insider Monkey looks at the 10 utilities stocks with over 3% yield. Southwest Gas Holdings, Inc. is ranked 10th among utilities companies with a yield of more than 3%. Revenue was $292.80 million, up 11.57 percent year over year and $2.19 million higher than expected. Portland General Electric Company is ranked 9th. Electricity is generated, purchased, transmitted, distributed, and retailed by the corporation in Oregon. It has increased by 20.61 percent in the last six months and is up by 21.69 percent year to date. New Jersey Resources Corporation is ranked 8th among utilities stocks with a yield of more than 3% on the list. Revenue was $367.59 million, up 22.95 percent year over year and $3.94 million short of analyst expectations. ALLETE, Inc. is ranked 7th among utilities stocks with a yield of above 3% on the list. In Wisconsin and Minnesota, the firm also provides regulated utility electric services. ALLETE is up 9.75 percent in the last six months and 16.33 percent for the year. Spire Inc. is ranked 6th among utilities stocks with a yield of more than 3% on the list. Revenue was $327.8 million, up 2.09 percent year over year and $3.02 million higher than expected. For more details, click 10 Utilities Stocks With Over 3% Yield.
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