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 services—such as electricity, natural gas, water and sewage treatment—to consumers and businesses. Because these firms operate in regulated industries with relatively inelastic demand, they tend to generate stable cash flows and pay consistent dividends. Investors often treat utility stocks as defensive holdings, since their revenues are less sensitive to economic cycles. 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.
NASDAQ:TSLA traded up $6.69 on Friday, hitting $287.21. The stock had a trading volume of 113,968,586 shares, compared to its average volume of 95,779,003. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08. Tesla has a 52-week low of $167.41 and a 52-week high of $488.54. The stock has a market cap of $925.09 billion, a price-to-earnings ratio of 140.79, a price-to-earnings-growth ratio of 5.86 and a beta of 2.58. The business's 50-day simple moving average is $258.82 and its two-hundred day simple moving average is $324.47.
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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.
Shares of BRK.B stock traded up $9.82 during trading hours on Friday, reaching $540.05. 4,932,657 shares of the company traded hands, compared to its average volume of 4,165,592. The firm has a 50-day moving average price of $517.44 and a 200 day moving average price of $482.90. The company has a market cap of $1.17 trillion, a P/E ratio of 10.91, a P/E/G ratio of 3.45 and a beta of 0.80. Berkshire Hathaway has a 12-month low of $399.21 and a 12-month 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.
ETN stock traded down $2.08 during midday trading on Friday, hitting $299.58. The company's stock had a trading volume of 5,931,677 shares, compared to its average volume of 2,632,727. The company has a quick ratio of 0.96, a current ratio of 1.50 and a debt-to-equity ratio of 0.46. The company has a 50 day moving average of $281.21 and a two-hundred day moving average of $321.76. Eaton has a 12 month low of $231.85 and a 12 month high of $379.99. The firm has a market capitalization of $117.37 billion, a price-to-earnings ratio of 31.53, a price-to-earnings-growth ratio of 2.64 and a beta of 1.09.
Read Our Latest Research Report on ETN
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