Top Utility Stocks to Consider - March 8th

Today, there are seven notable utility stocks to explore, as highlighted by a market screener tool. These stocks are Tesla, Berkshire Hathaway, Ford Motor, Hewlett Packard Enterprise, Eaton, CRH, and AutoZone. Utility stocks refer to shares in companies that provide essential services like electricity, water, and natural gas, which are vital for everyday life.

Investors often view these stocks as defensive investments. This is because the demand for these essential services tends to remain stable, even during economic downturns. Additionally, many utility companies offer regular dividends, providing a steady income stream. The identified companies have also shown high trading volumes recently.

Tesla (TSLA)

Tesla, Inc. is involved in designing and manufacturing electric vehicles and energy storage solutions. The company operates through two main segments: Automotive and Energy Generation and Storage. The Automotive segment includes the sale of electric vehicles and other services like insurance and supercharging.

Recently, the shares of Tesla traded at $262.67, down $0.78. The trading volume hit over 102 million shares, significantly higher than its average. Tesla has a market cap of approximately $844.88 billion, with a PE ratio of 128.76. The shares have fluctuated between a low of $138.80 and a high of $488.54 over the past year.

Berkshire Hathaway (BRK.B)

Berkshire Hathaway Inc. is a multinational conglomerate with businesses in insurance, transportation, and utilities. The company is actively involved in generating and distributing electricity from various sources, including renewable energies.

As of the latest trading session, BRK.B stock hit $495.91, down $1.93, with a trading volume of nearly 3.84 million shares. It has a market cap of about $1.07 trillion, with a PE ratio of 10.02. The stock's yearly price range has been between $395.66 and $518.77.

Ford Motor (F)

Ford Motor Company is engaged in the manufacture and sale of vehicles globally, including offerings from their Ford and Lincoln brands. The company operates through various segments focusing on different automotive needs.

Ford shares recently traded at $9.91, appreciating by $0.30. The trading volume reached about 150 million shares. With a market cap of around $39.26 billion and a PE ratio of 6.78, Ford has seen prices fluctuate between $9.06 and $14.85 in the past year.

Hewlett Packard Enterprise (HPE)

Hewlett Packard Enterprise Company provides technology solutions allowing efficient data management across various sectors. The company operates in multiple segments, catering to a wide customer base.

HPE shares were down to $15.82 after a drop of $2.15. The trading volume was considerably above its average with 81 million shares changing hands. The market cap stands at approximately $20.77 billion with a PE ratio of 8.32.

Eaton (ETN)

Eaton Corporation is a global power management company offering a variety of electrical products and solutions. Their product range includes essential electrical components and services critical to many industries.

Eaton's stock recently gained $7.74, reaching $285.29 with a trading volume of over 4.5 million shares. The current market cap is about $111.83 billion, with a PE ratio of 30.03.

CRH (CRH)

CRH plc provides building materials solutions globally. The company is involved in producing and supplying materials required for various construction projects.

As of the latest update, CRH shares traded at $97.34, which is a decline of $1.45. There were 10 million shares traded, making up a substantial portion of its average trading volume.

AutoZone (AZO)

AutoZone, Inc. specializes in retailing automotive parts and accessories across several regions, including the U.S. and Latin America. Their offerings range from new parts to maintenance items.

AutoZone shares rose to $3,620.28, gaining $4.49 on the latest trading day. The stock has shown a strong trading volume, and its market cap currently stands at about $60.76 billion, with a PE ratio of 24.19.

In conclusion, the utility sector remains a critical area for investment due to its stability and the essential nature of its services. The identified companies represent a mix of automotive, energy, and technology sectors, indicating a diverse approach to utility investments.

Utility, Stocks, Investing