Top Utility Stocks to Monitor as Trading Volume Peaks

Investors are turning their attention to five key utility stocks as trading volumes surge on July 31, 2023. According to MarketBeat’s stock screener tool, the companies to watch include Tesla, Berkshire Hathaway, Ford Motor, Quanta Services, and Southern Company. Utility stocks are known for providing essential services such as electricity, water, and telecommunications. Because demand for these services remains consistent, these stocks are often seen as lower-risk investments, typically offering stable dividends.

In recent days, these companies recorded the highest dollar trading volume among utility stocks, highlighting significant market interest.

Tesla’s Market Movements

Tesla, Inc. designs and manufactures electric vehicles, as well as energy generation and storage systems. The company operates globally, with significant presence in the United States and China. On Thursday, TSLA shares fell by $12.30, closing at $306.75. The trading volume reached 54,815,522 shares, substantially below the average of 107,815,883. Tesla has a market capitalization of $989.39 billion, a price-to-earnings (P/E) ratio of 177.76, and a debt-to-equity ratio of 0.07. Its 50-day and 200-day moving averages stand at $323.61 and $313.14, respectively.

Berkshire Hathaway’s Steady Performance

Berkshire Hathaway Inc., known for its diverse business operations, engages in insurance, freight rail transportation, and utility services. The company reported a mid-day trading drop of $1.07, with shares hitting $474.93. The trading volume was 2,319,324 shares, compared to an average of 4,829,858. Berkshire’s market capitalization is approximately $1.02 trillion, with a P/E ratio of 12.67. The stock has traded between a low of $406.11 and a high of $542.07 over the past year.

Ford Motor’s Recent Activity

Ford Motor Company develops and sells a range of vehicles, including trucks and luxury models. On Thursday, Ford’s stock increased by $0.09, closing at $10.96. The trading volume was impressive at 67,508,829 shares, but still below the average of 102,936,586. With a market capitalization of $43.56 billion, Ford’s P/E ratio is 8.77. The company’s shares have fluctuated from a low of $8.44 to a high of $11.97 within the last year.

Quanta Services’ Infrastructure Solutions

Quanta Services, Inc. specializes in infrastructure solutions for the utility and energy sectors. On Thursday, shares of Quanta Services fell by $9.80, reaching $401.31. The trading volume stood at 1,631,109, slightly above its average of 1,437,186. The company has a market capitalization of $59.50 billion and a P/E ratio of 64.73. Over the past year, shares have ranged from a low of $227.08 to a high of $424.94.

Southern Company’s Consistent Operations

The Southern Company operates in electricity generation and distribution, alongside natural gas services. On Thursday, shares traded down by $1.06, ending at $93.84. With a trading volume of 4,981,980 shares, this was close to its average of 5,129,648. The Southern Company holds a market capitalization of $103.13 billion and a P/E ratio of 22.42. The stock has varied between $80.46 and $96.44 over the last year.

As market dynamics evolve, monitoring these utility stocks can provide investors valuable insights into stable dividend opportunities and potential growth in this sector.