Promising Utility Stocks To Follow Now – May 2nd

Tesla, Berkshire Hathaway, and Eaton are the three Utility stocks to watch today, according to MarketBeat’s stock screener tool. Utility stocks are shares of companies that provide essential public services—such as electricity, water, natural gas or telecommunications—and whose revenues tend to remain stable regardless of economic cycles. Because demand for these services is relatively inelastic, utility stocks usually offer steady dividend income and exhibit lower price volatility compared with many other sectors. Investors often include them in portfolios as defensive holdings to help preserve capital and generate reliable cash flow. These companies had the highest dollar trading volume of any Utility stocks within the last several days.

Tesla (TSLA)

Tesla, Inc. designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.

Shares of TSLA traded up $12.91 during midday trading on Friday, reaching $293.43. 80,024,683 shares of the stock were exchanged, compared to its average volume of 95,630,137. Tesla has a 52 week low of $167.41 and a 52 week high of $488.54. The company has a market capitalization of $945.12 billion, a P/E ratio of 144.11, a PEG ratio of 5.86 and a beta of 2.58. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. The company’s 50 day moving average is $259.13 and its two-hundred day moving average is $324.00.

Berkshire Hathaway (BRK.B)

Berkshire Hathaway Inc., through its subsidiaries, engages in the insurance, freight rail transportation, and utility businesses worldwide. The company provides property, casualty, life, accident, and health insurance and reinsurance; and operates railroad systems in North America. It also generates, transmits, stores, and distributes electricity from natural gas, coal, wind, solar, hydroelectric, nuclear, and geothermal sources; operates natural gas distribution and storage facilities, interstate pipelines, liquefied natural gas facilities, and compressor and meter stations; and holds interest in coal mining assets.

Berkshire Hathaway stock traded up $8.63 during mid-day trading on Friday, hitting $538.86. The company’s stock had a trading volume of 2,535,297 shares, compared to its average volume of 4,150,534. The stock’s fifty day moving average is $516.64 and its two-hundred day moving average is $482.36. Berkshire Hathaway has a 1 year low of $397.88 and a 1 year high of $539.56. The firm has a market capitalization of $1.16 trillion, a PE ratio of 10.89, a price-to-earnings-growth ratio of 3.45 and a beta of 0.80.

Eaton (ETN)

Eaton Corporation plc operates as a power management company worldwide. The company’s Electrical Americas and Electrical Global segment provides electrical components, industrial components, power distribution and assemblies, residential products, single and three phase power quality and connectivity products, wiring devices, circuit protection products, utility power distribution products, power reliability equipment, and services, as well as hazardous duty electrical equipment, emergency lighting, fire detection, explosion-proof instrumentation, and structural support systems.

Shares of ETN stock traded up $1.55 on Friday, reaching $303.21. 3,566,309 shares of the stock were exchanged, compared to its average volume of 2,625,636. The firm has a 50 day moving average of $280.96 and a two-hundred day moving average of $322.02. Eaton has a 1-year low of $231.85 and a 1-year high of $379.99. The stock has a market cap of $118.79 billion, a P/E ratio of 31.89, a price-to-earnings-growth ratio of 2.64 and a beta of 1.09. The company has a quick ratio of 0.96, a current ratio of 1.50 and a debt-to-equity ratio of 0.46.