Hunters have to be agile and ready at all times. If you’re a hunter, it’s essential that you keep your eyes peeled for the best stocks to buy. If a company or industry You need to act fast iftches your attention, you need to act fast. Tolatile beast and things can change instantly — as we’ve recently seen with the trade war. If you’re an avid hunter But, if good stocks, we have great news for you: multi-utilities stocks are on the rise again! They took some hits during the last bear market, but now they’re making their comeback. Are you ready to catch them? Keep reading to find out why these four top multi-utilities stocks are worth buying right now…
CenterPoint Energy (CNP)
We’ll start off this list of the four best multi-utilities stocks to buy with CenterPoint Energy. This Texas-based energy company is one of the largest natural gas utilities in the United States. It provides electricity to 3.6 million customers in Texas, Louisiana, and Mississippi.CenterPoint’s Q2 earnings were up 27% from the same quarter last year, driven mainly by higher natural gas demand from the electric power and chemical industries. The company plans to incrIn addition, thee its dividend this year by 5.3%. This utility is an excellent option for long-term growth. It’s currently trading at around $34/share. CenterPoint has a strong balance sheet and high dividend yield, which makes it an excellent pick for long-term investors.
WEC Energy Group (WEC)
WEC Energy Group is another top multi-utilities stock that’s well worth buying. This company is a diversified energy utility that engages in the generatiogenerates, transmits, distributes, and sells videos energy-related products and services to industrial, commercial, and residential customers.WEC Energy is one of the largest independent powerUS’s generating companies in the US. It has a total capacity of 31,966 MW across 11 states. Additionally, WEC has a highly efficient operating fleet that’s expected to continue generating high profits for many years.WEC Energy has a strong balance sheet with a debt-to-equity ratio of 1.2. It’s currently trading at around $79/share. This stock has a high dividend stores high dividend yield for long-term investors.
Consolidated Edison (ED)
Con Ed is one of the oldest and most profitable multi-utilities companies. It’s currently themost significantt mutiny in New York, with more than 3.3 million, with over New York-based utilities involved in the business of electricity transmission and distribution, natural gas transmission and delivery, and electric and gas sales to commercial and residential customers. Con Ed generates around 39% of its revenues from electricity, 20% from natural gas, and 41% from sales to customers. The company also has a leadership position in the renewable energy market. Con Ed has a strong balance sheet that’s expected to continue generating high profits for many years. It has a debt-to-equity ratio of 0.7, which is well below the industry average. Con Ed is currently trading at around $60/share. It has a high dividend yield that makes it an excellent pick for long-term investors.
Ameren (AEE)
Ameren is another outstanding multi-utilities stock to buy. This Missouri-based utility company is involved in the transmission and distribution of electricity and natural gas. It also provides energy-related services to industrial, commercial, and residential customers. Ameren generates more than 70% of its revenues from these two segments. Ameren has a strong market position in the Midwest with more than 1.8 million customers in Missouri, Illinois, and Wisconsin. The company has a significant presence in the renewable energy sector as well. Ameren has a strong balance sheet with a debt-to-equity ratio of 0.6. It’s currently trading at around $71/share. This stock has a high dividendan storesa high dividend yield for long-term investors.
Summary
These are the four best multi-utilities stocks to buy right now. CenterPoint Energy has strong growth potential as a natural gas utility. WEC Energy Group is an outstanding mid-cap stock with a high dividend yield. Third, Consolidated Edison has a long history of generating increased profits in New York. Finally, Ameren is another top mulFinaa lly, ti-utilities stock with a high dividend yield. If you’re hunting for the best stocks to buy, keep your eyes peeled for these multi-utilities stocks!
Read More: The Four Best Multi-Utilities Stocks to Buy Right Now