Top Utility Stocks To Follow Now - August 6th

Key Points

• MarketBeat identified Tesla, Berkshire Hathaway, Eaton, Rivian Automotive, and Ford Motor as the top utility stocks to watch due to their stable demand and government oversight.
• Tesla has a market capitalization of $1.03 trillion, with a recent share price of $318.89, indicating significant trading activity with over 55 million shares exchanged.
• Berkshire Hathaway trades at $468.34 and has a market cap of $1.01 trillion, reflecting its diverse operations in insurance and utility services.

Tesla, Berkshire Hathaway, Eaton, Rivian Automotive, and Ford Motor are the five Utility stocks to watch today, according to MarketBeat's stock screener tool. Utility stocks are shares of companies that provide essential, regulated services such as electricity, water, natural gas and telecommunications. Because these businesses operate in markets with stable demand and government oversight, they tend to generate predictable cash flows and pay steady dividends. Investors often use utility stocks as a defensive holding to cushion against market 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.

Shares of NASDAQ:TSLA traded up $10.17 on Wednesday, hitting $318.89. 55,153,638 shares of the company's stock were exchanged, compared to its average volume of 107,015,508. The company has a market capitalization of $1.03 trillion, a PE ratio of 184.34, a P/E/G ratio of 10.86 and a beta of 2.33. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.55 and a current ratio of 2.04. Tesla has a 1-year low of $191.48 and a 1-year high of $488.54. The firm's 50-day moving average is $320.54 and its 200 day moving average is $309.49.

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 $4.15 during mid-day trading on Wednesday, hitting $468.34. The stock had a trading volume of 2,346,267 shares, compared to its average volume of 4,897,380. The company has a 50 day simple moving average of $483.76 and a 200 day simple moving average of $496.81. The company has a market cap of $1.01 trillion, a price-to-earnings ratio of 16.06, a P/E/G ratio of 3.19 and a beta of 0.81. Berkshire Hathaway has a 52-week low of $425.60 and a 52-week high of $542.07.

Read Our Latest Research Report on BRK.B

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 traded up $2.48 during trading hours on Wednesday, hitting $358.93. The stock had a trading volume of 2,639,486 shares, compared to its average volume of 3,073,419. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.84 and a current ratio of 1.31. The firm has a market cap of $140.45 billion, a P/E ratio of 36.23, a P/E/G ratio of 2.90 and a beta of 1.18. The company's fifty day simple moving average is $352.77 and its 200 day simple moving average is $317.96. Eaton has a 12-month low of $231.85 and a 12-month high of $399.56.

Read Our Latest Research Report on ETN

Rivian Automotive (RIVN)

Rivian Automotive, Inc., together with its subsidiaries, designs, develops, manufactures, and sells electric vehicles and accessories. The company offers consumer vehicles, including a two-row, five-passenger pickup truck under the R1T brand, a three-row, seven-passenger sport utility vehicle under the R1S name.

Shares of NASDAQ RIVN traded down $0.47 during midday trading on Wednesday, reaching $11.69. 48,438,845 shares of the company's stock were exchanged, compared to its average volume of 32,885,418. The stock has a market capitalization of $13.21 billion, a PE ratio of -3.14 and a beta of 1.80. Rivian Automotive has a 52-week low of $9.50 and a 52-week high of $17.15. The business's fifty day moving average price is $13.56 and its two-hundred day moving average price is $13.00. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.80 and a current ratio of 3.73.

Read Our Latest Research Report on RIVN

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.

Shares of NYSE F traded up $0.17 during midday trading on Wednesday, hitting $11.23. 36,541,348 shares of the company's stock were exchanged, compared to its average volume of 101,901,867. Ford Motor has a twelve month low of $8.44 and a twelve month high of $11.97. The firm has a market cap of $44.64 billion, a P/E ratio of 14.39, a PEG ratio of 3.17 and a beta of 1.48. The stock's 50 day moving average price is $10.94 and its 200-day moving average price is $10.23. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.10 and a quick ratio of 0.95.

Read Our Latest Research Report on F

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