Performance of electric and natural gas utility equities

Journal Article · Thu Oct 12 04:00:00 EDT 1978 · Public Util. Fortn.; (United States)

OSTI ID:6785975

Fredman, A J; Sharma, R M

The authors examine the returns to investors yielded by electric- and gas-utility common stocks in recent decades. Their purpose was to determine if such stocks have provided adequate returns in relation to the risk assumed by the investor compared with those realized through alternative security investments. They conclude that, while earning power for electric utilities is improved and dividends are more stable, equities markets will remain weak until inflation and interest rates are lowered. Utility stocks are not as much in demand after a long period of poor performance. Gas utilities have been able to improve their profitability and can assume larger debts and equity financing.

• Research Organization: California State Univ., Fullerton
• OSTI ID: 6785975
• Journal Information: Public Util. Fortn.; (United States), Journal Name: Public Util. Fortn.; (United States) Vol. 102:8; ISSN PUFNA
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
290200* -- Energy Planning & Policy-- Economics & Sociology
294003 -- Energy Planning & Policy-- Natural Gas
296000 -- Energy Planning & Policy-- Electric Power
COMPARATIVE EVALUATIONS
ECONOMIC IMPACT
ECONOMICS
ELECTRIC UTILITIES
GAS UTILITIES
INVESTMENT
MARKET
PERFORMANCE
PUBLIC UTILITIES