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Promising Utility Stocks Worth Watching - August 1st

Tesla logo with Auto/Tires/Trucks background

Key Points

  • Tesla, Berkshire Hathaway, and Quanta Services are highlighted as noteworthy utility stocks with significant trading volumes, indicating their attractiveness in stable revenue generation and dividend yields.
  • Berkshire Hathaway has a market capitalization of $1.02 trillion, reflecting its large scale in insurance, freight rail, and utility businesses.
  • Riot Platforms, a bitcoin mining company, has a volatile trading history with a market cap of $3.97 billion and a P/E ratio of -8.41, indicating ongoing challenges in profitability.
  • Interested in Tesla? Here are five stocks we like better.

Tesla, Berkshire Hathaway, Quanta Services, Eaton, Ford Motor, Riot Platforms, and MasTec are the seven 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, natural gas, water and sewage treatment—to homes and businesses. Because demand for these services remains relatively constant regardless of economic conditions, utility stocks tend to offer stable revenue streams and attractive dividend yields. As a result, they are often viewed as defensive investments that can help smooth out portfolio volatility. 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.

Tesla stock traded down $6.62 during trading on Friday, hitting $301.65. The company's stock had a trading volume of 62,778,387 shares, compared to its average volume of 107,715,789. The stock has a market capitalization of $972.94 billion, a price-to-earnings ratio of 174.53, a P/E/G ratio of 11.21 and a beta of 2.39. Tesla has a 1-year low of $182.00 and a 1-year high of $488.54. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.55 and a current ratio of 2.04. The stock's fifty day moving average is $322.96 and its 200 day moving average is $312.48.

Read Our Latest Research Report on TSLA

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.

NYSE BRK.B traded up $0.89 on Friday, hitting $472.77. 3,084,190 shares of the stock traded hands, compared to its average volume of 4,845,232. The stock has a 50-day moving average of $486.16 and a 200 day moving average of $496.44. Berkshire Hathaway has a twelve month low of $406.11 and a twelve month high of $542.07. The company has a market capitalization of $1.02 trillion, a P/E ratio of 12.60, a price-to-earnings-growth ratio of 3.31 and a beta of 0.83.

Read Our Latest Research Report on BRK.B

Quanta Services (PWR)

Quanta Services, Inc. provides infrastructure solutions for the electric and gas utility, renewable energy, communications, and pipeline and energy industries in the United States, Canada, Australia, and internationally. The company's Electric Power Infrastructure Solutions segment engages in the design, procurement, construction, upgrade, repair, and maintenance of electric power transmission and distribution infrastructure and substation facilities; installation, maintenance, and upgrade of electric power infrastructure projects; installation of smart grid technologies on electric power networks; and design, installation, maintenance, and repair of commercial and industrial wirings.

Shares of Quanta Services stock traded down $11.31 on Friday, reaching $394.82. 1,362,786 shares of the company were exchanged, compared to its average volume of 1,442,439. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.26 and a current ratio of 1.31. The company's 50-day moving average is $374.19 and its two-hundred day moving average is $318.48. The firm has a market cap of $58.54 billion, a price-to-earnings ratio of 63.68, a P/E/G ratio of 2.83 and a beta of 1.08. Quanta Services has a 1-year low of $227.08 and a 1-year high of $424.94.

Read Our Latest Research Report on PWR

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.

ETN traded down $6.59 during trading hours on Friday, hitting $378.13. The company's stock had a trading volume of 1,420,576 shares, compared to its average volume of 3,045,524. Eaton has a fifty-two week low of $231.85 and a fifty-two week high of $399.56. The company has a current ratio of 1.31, a quick ratio of 0.84 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $147.96 billion, a PE ratio of 38.15, a PEG ratio of 2.94 and a beta of 1.17. The company has a 50-day simple moving average of $349.71 and a 200 day simple moving average of $317.50.

Read Our Latest Research Report on ETN

Ford Motor (F)

Ford Motor Company develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments. The company sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.

NYSE F traded down $0.34 on Friday, reaching $10.74. 48,891,365 shares of the stock traded hands, compared to its average volume of 102,806,219. The firm's fifty day simple moving average is $10.91 and its 200 day simple moving average is $10.21. The company has a quick ratio of 0.97, a current ratio of 1.13 and a debt-to-equity ratio of 2.26. The company has a market cap of $42.69 billion, a price-to-earnings ratio of 13.76, a P/E/G ratio of 3.19 and a beta of 1.49. Ford Motor has a 12 month low of $8.44 and a 12 month high of $11.97.

Read Our Latest Research Report on F

Riot Platforms (RIOT)

Riot Platforms, Inc., together with its subsidiaries, operates as a bitcoin mining company in North America. The company operates through three segments: Bitcoin Mining, Data Center Hosting, and Engineering. It also provides co-location services for institutional-scale bitcoin mining companies; critical infrastructure and workforce for institutional-scale miners to deploy and operate their miners; operation of data centers; and maintenance/management of computing capacity.

Shares of RIOT traded down $2.28 during trading hours on Friday, hitting $11.13. 35,283,030 shares of the company were exchanged, compared to its average volume of 33,621,523. The company has a market capitalization of $3.97 billion, a PE ratio of -8.41 and a beta of 4.57. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.23 and a quick ratio of 3.23. The firm has a fifty day simple moving average of $11.16 and a 200-day simple moving average of $9.86. Riot Platforms has a one year low of $6.19 and a one year high of $15.87.

Read Our Latest Research Report on RIOT

MasTec (MTZ)

MasTec, Inc., an infrastructure construction company, provides engineering, building, installation, maintenance, and upgrade services for communications, energy, utility, and other infrastructure primarily in the United States and Canada. It operates through five segments: Communications, Clean Energy and Infrastructure, Oil and Gas, Power Delivery, and Other.

Shares of MasTec stock traded down $19.59 during midday trading on Friday, hitting $169.63. The company's stock had a trading volume of 2,262,115 shares, compared to its average volume of 1,047,348. The firm has a market capitalization of $13.38 billion, a P/E ratio of 62.36 and a beta of 1.75. The stock has a 50-day simple moving average of $168.58 and a 200-day simple moving average of $144.95. The company has a quick ratio of 1.18, a current ratio of 1.22 and a debt-to-equity ratio of 0.69. MasTec has a 1-year low of $89.96 and a 1-year high of $194.00.

Read Our Latest Research Report on MTZ

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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