In this article, we will be looking at 10 utilities stocks with over 3% yield. To read our detailed analysis of utility stocks, you can go directly to see the 10 Utilities Stocks with Over 3% Yield.
5. Northwest Natural Holding Company (NYSE: NWN)
Number of Hedge Fund Holders: 10
Dividend Yield: 3.6%
Northwest Natural Holding Company (NYSE: NWN) provides regulated natural gas distribution services to residential, commercial, industrial, and transportation consumers in Oregon and Southwest Washington. It operates through Northwest Natural Gas Company, its subsidiary organ, and ranks 5th on our list of utilities stocks with over 3% yield.
Wells Fargo analyst Sarah Akers just this May raised the price target on shares of Northwest Natural Holding Company (NYSE: NWN) from $49 to $58. The analyst also holds an Equal Weight rating on the stock.
In the second quarter of 2021, Northwest Natural Holding Company (NYSE: NWN) had an EPS of -$0.02, beating estimates by $0.12. The company’s revenue was $148.92 million, up 10.33% year over year and beating estimates by $6.28 million. Northwest Natural Holding Company (NYSE: NWN) has gained 12.41% in the past 6 months and 15.29% year to date.
By the end of the first quarter of 2021, 10 hedge funds out of the 866 tracked by Insider Monkey held stakes in Northwest Natural Holding Company (NYSE: NWN) worth roughly $28.4 million. This is compared to 10 hedge funds in the previous quarter with a total stake value of approximately $25.4.
4. Avista Corporation (NYSE: AVA)
Number of Hedge Fund Holders: 15
Dividend Yield: 3.8%
Avista Corporation (NYSE: AVA), an electric and natural gas utility company, operates through its Avista Utilities and AEL&P segments. It ranks 4th on our list of utilities stocks with over 3% yield and offers electric distribution and transmission and natural gas distribution services in eastern Washington and northern Idaho, among other areas in the US.
As of this March, Avista Corporation (NYSE: AVA) has a Neutral rating at Sidoti.
In the second quarter of 2021, Avista Corporation (NYSE: AVA) had an EPS of $0.20, missing estimates by $0.06. The company’s revenue was $298.25 million, up 7.06% year over year and also missing estimates by $1.79 million. Avista Corporation (NYSE: AVA) has gained 8.86% in the past 6 months and 6.16% year to date.
By the end of the first quarter of 2021, 15 hedge funds out of the 866 tracked by Insider Monkey held stakes in Avista Corporation (NYSE: AVA) worth roughly $57 million. This is compared to 10 hedge funds in the previous quarter with a total stake value of approximately $60.3 million.
3. Clearway Energy, Inc. (NYSE: CWEN)
Number of Hedge Fund Holders: 24
Dividend Yield: 4.3
Clearway Energy, Inc. (NYSE: CWEN) is a utility company that navigates the renewable energy businesses in the US and ranks 3rd on our list of utilities stocks with over 3% yield. The company had about 4,200 net megawatts of installed wind and solar generation projects and 2,500 net MW of natural gas generational facilities as of this March.
This April, Tudor Pickering began covering shares of Clearway Energy, Inc. (NYSE: CWEN) with a Buy rating. The firm has also placed a $33 price target on the stock.
In the second quarter of 2021, Clearway Energy, Inc. (NYSE: CWEN) had an EPS of $0.30, beating the previous quarter’s EPS of $0.03 by a large margin. The company’s revenue was $380 million, up 15.5% year over year and beating estimates by $6.61 million. Clearway Energy, Inc. (NYSE: CWEN) has gained 16.31% in the past year.
By the end of the first quarter of 2021, 24 hedge funds out of the 866 tracked by Insider Monkey held stakes in Clearway Energy, Inc. (NYSE: CWEN) worth roughly $232 million. This is compared to 22 hedge funds in the previous quarter with a total stake value of approximately $286 million.
2. South Jersey Industries, Inc. (NYSE: SJI)
Number of Hedge Fund Holders: 32
Dividend Yield: 4.8%
South Jersey Industries, Inc. (NYSE: SJI) is a provider of energy-related products and services through its subsidiaries and ranks 2nd on our list of utilities stocks with over 3% yield. The company purchases, transmits, and sells natural gas.
This May, Stephen Byrd, an analyst at Morgan Stanley, upgraded shares of South Jersey Industries, Inc. (NYSE: SJI) from Underweight to Equal Weight. At the same time, Byrd also raised his price target on South Jersey Industries, Inc. (NYSE: SJI) shares from $23 to $26.
In the second quarter of 2021, South Jersey Industries, Inc. (NYSE: SJI) had an EPS of $0.02, beating estimates by $0.03. The company’s revenue was $311.83 million, up 19.95% year over year and beating estimates by $51.46 million. South Jersey Industries, Inc. (NYSE: SJI) has gained 8.49% in the past 6 months and 20.63% year to date.
By the end of the first quarter of 2021, 32 hedge funds out of the 866 tracked by Insider Monkey held stakes in South Jersey Industries, Inc. (NYSE: SJI) worth roughly $482 million. This is compared to 12 hedge funds in the previous quarter with a total stake value of approximately $78.2 million.
1. Via Renewables, Inc. (NASDAQ: VIA)
Number of Hedge Fund Holders: 4
Dividend Yield: 6.4%
Via Renewables, Inc. (NASDAQ: VIA) is an independent retail energy services company operating through its subsidiaries and its Retail Electricity and Retail Natural Gas segments. It serves consumers mostly in the US and ranks 1st on our list of utilities stocks with over 3% yield.
Via Renewables, Inc. (NASDAQ: VIA) was originally named Spark Energy, Inc. (NASDAQ: SPKE). Its name was changed to the current one in August 2021 after shareholder approval was given.
In the second quarter of 2021, Via Renewables, Inc. (NASDAQ: VIA) had an EPS of $0.58. The company’s revenue was $82.2 million. Via Renewables, Inc. (NASDAQ: VIA) has gained 4.64% in the past 6 months and 4.6% year to date.
By the end of the first quarter of 2021, 4 hedge funds out of the 866 tracked by Insider Monkey held stakes in Via Renewables, Inc. (NASDAQ: VIA) worth roughly $12.1 million. This is compared to 4 hedge funds in the previous quarter with a total stake value of approximately $11.4 million.
See also 15 Best Undervalued Stocks to Buy Now and 10 Best Small Cap Stocks to Buy in 2021.
