As of Friday, several publicly traded equities were granting shareholders a forward dividend yield that more than doubled the S&P 500 Index's yield of 1.92%. As such, dividend investors may want to consider the following utility companies.
Class A shares of Clearway Energy Inc. (CWEN.A, Financial) were trading around $14.11 per share on Friday. The Class C stock (CWEN, Financial) was trading around $14.7 per share. Based in Princeton, New Jersey, Clearway Energy provides electricity in the U.S.
The company has a market capitalization of approximately $2.77 billion. The forward dividend yield is 5.67% versus an industry median of 3.53%, the price-book ratio is 0.85 versus an industry median of 1.52, the price-sales ratio is 1.47 versus an industry median of 1.61 and the price-earnings ratio is 47.03 compared to an industry median of 16.12. Further, the enterprise value-to-earnings before interest, taxes, depreciation and amortization ratio is 10.63 compared to an industry median of 10.53.
GuruFocus assigned Clearway a financial strength rating of 4 out of 10 and a profitability and growth rating of 8 out of 10.
Wall Street issued a hold recommendation rating with an average target price of $15.11 per share of Clearway Energy.
After a 16% decline for the 52 weeks through March 22, the Class A shares are now trading significantly below the 200 and 100-day simple moving average lines, and slightly below the 50-day line. The 52-week range is $12.04 to $20.68.
Following a 15% fall for the 52 weeks through March 22, the Class C stock is now trading below the 200 and 100-day simple moving average lines, and is on par with the 50-day line. The 52-week range is $12.12 to $20.75.
The 14-day relative strength indicator is 44.94 for Class A shares and 48.39 for Class C shares, suggesting the securities are neither oversold nor overbought.
Shares of PPL Corp. (PPL, Financial) were trading around $32.2 on Friday. For the 52 weeks through March 22, the share price climbed 17% and the forward dividend yield jumped to 5.13% versus the industry median of 3.53%.
The stock has a market capitalization of roughly $23.21 billion, a price-earnings ratio of 12.53 versus an industry median of 16.12, a price-book ratio of 1.99 compared to the industry median of 1.52 and a price-sales ratio of 2.93 compared to the industry median of 1.61. The EV-to-EBITDA ratio is 10.09 versus the industry median of 10.53.
The price is above the 200, 100 and 50-day simple moving average lines. The closing price on Friday fell within the 52-week range of $25.30 to $32.89.
Based in Allentown, Pennsylvania, PPL is a distributor of electricity in the U.S. and the U.K.
GuruFocus assigned a financial strength rating of 4 out of 10 and a profitability and growth rating of 5 out of 10.
Wall Street issued a hold recommendation rating with an average target price of $31.96 per share of PPL, reflecting 0.7% downside from the closing price on Friday.
The 14-day relative strength index of 55.54 suggests the stock is neither overbought nor oversold.
Shares of Oneok Inc. (OKE, Financial) were trading around $69 on Friday. For the 52 weeks through March 22, the stock gained 21%, pushing the forward dividend yield up to 4.98%, which still underperforms the industry median of 8.78%. The stock has a market capitalization of $28.41 billion, a price-book ratio of 4.31 versus an industry median of 1.74, a price-sales ratio of 2.27 versus an industry median of 2.30 and a price-earnings ratio of 24.82. The EV-to-EBITDA ratio of 15.63 is 21.7% higher than the industry median of 12.84.
The share price is above the 200, 100 and 50-day simple moving average lines. The 52-week range is $50.26 to $71.99.
Based in Tulsa, Oklahoma, Oneok is a gas midstream company for the transportation and transmission of natural gas in the U.S.
GuruFocus assigned a financial strength rating of 4 out of 10 and a profitability and growth rating of 5 out of 10.
Wall Street issued an overweight recommendation rating for Oneok, suggesting the stock is expected to outperform either the industry or the overall market with an average target price of $71 per share.
The 14-day relative strength index is 63.63, which indicates the stock is neither overbought nor oversold.
Disclosure: I have no positions in any securities mentioned.
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