Below are the three companies in the Gas Utilities industry with the highest earnings yields. Earnings yield is useful to compare the relative benefit of owning a stock vs. owning other yield assets such as bonds. If the earnings yield is higher, stocks may be considered undervalued.
New Jersey Resources (NYSE:NJR) is highest with an earnings yield of 7.5%. New Jersey Resources Corporation provides retail and wholesale energy services to customers in New Jersey and in states from the Gulf Coast to New England, and Canada. The Company's principal subsidiary, New Jersey Natural Gas Co., is a local distribution company serving customers in central and northern New Jersey. Thus far today, New Jersey Resources has traded 81,000 shares, vs. average volume of 155,000 shares per day. The stock has outperformed the Dow (0.9% to the Dow's -0.6%) and outperformed the S&P 500 (0.9% to the S&P's -0.5%) during today's trading.
WGL Holdings (NYSE:WGL) is next with an earnings yield of 7.1%.
Finishing up the top three is Laclede (NYSE:LG), with an earnings yield of 6.6%.