With the stock market uncertainty, more and more investors are turning to utility stocks. Last week, I wrote about the highest yielding natural gas utilities stocks. The database of all electric utilities was recently updated by WallStreetNewsNetwork.com. Here are some of the highest yielding electric utility stocks.

One of the two highest yielding electric utilities is Pinnacle West Capital Corp. (PNW), the southwestern utility, has a yield of 6.7%. This Phoenix, Arizona based company generates its electricity from coal, natural gas, oil, nuclear, and solar power. The stock has a PE of 12 and a PEG of 3.75.

The other high yielder is Empire District Electric Co. (EDE) is based in Joplin, Missouri and yields 6.7%. They serve Missouri, Kansas, Oklahoma, and Arkansas. 43% of their electrical generation comes from coal, and 26% from oil. The stock has a PE of 20 and a PEG of 2.57.

Another high yield stock is Great Plains Energy Inc. (GXP), the Kansas City Missouri based utility which yields 6.6%. Their electrical generation comes from coal, nuclear, natural gas, oil, and wind power. They serve western Missouri and eastern Kansas. The stock has a PE of 14 and a PEG of 2.7.

Consolidated Edison Inc. (ED) yields 6% and serves parts of New York, New Jersey Pennsylvania. The stock has a PE of 12 and a PEG of 3.94.

Ameren Corporation (AEE) is a utility that serves Missouri and Illinois. The stock has a PE of 14, a PEG of 3.25, and a 6.2% yield.

Another high yielding utility is Progress Energy Inc. (PGN), which yields slightly less than 5.9%. This Raleigh, North Carolina utility serves North Carolina, South Carolina, and parts of Florida. 30% of their electrical generation comes from coal, and 35% from oil. The stock has a PE of 21 and a PEG of 2.28.

You can download an Excel spreadsheet of all the electric utilities and their dividends, which you can sort, add to, and change, at WallStreetNewsNetwork.com.

Author does not own any of the above.

By Fred Fuld at Stockerblog.com

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