The 4 Biggest Utilities Winning After Brexit

By Chris Lange Updated Jan 13, 6:09AM EST · Published Jul 1, 10:51AM EDT

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The 4 Biggest Utilities Winning After Brexit — © Thinkstock

As the broad markets are recovering, we are starting to realize that the Brexit was a great opportunity to buy into the markets. The Brexit pulled markets back across the board. However, after a few trading days the UK’s vote to leave the EU appears to have been just one big head fake.

But what would be the best sector or industry to buy into?

Investors who are looking to capitalize on a bludgeoned—now recovering—financial sector might just be looking for a trade. Although those that are looking for a strong yield over time had their shot at utilities as well.

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24/7 Wall St. has picked some of the leading companies in this industry and tracked them since the Brexit. We have included a recent trading history, consensus analyst price target, and 52-week trading range.

Duke Energy Corp. (NYSE: DUK) saw its stock jump up about 3.5% since the Brexit vote took place. Currently shares of Duke were last trading at $85.33, with a consensus analyst price target of $80.53 and a 52-week trading range of $65.50 to $86.15. The stock has a dividend yield of 4.0%.

American Electric Power Co. (NYSE: AEP) had its shares climb 4.0% in the time since the Brexit. Shares of American Power were last trading at $69.94, with a consensus analyst price target of $68.53 and a 52-week trading range of $52.29 to $70.49. The stock has a dividend yield of 3.3%.

Edison International (NYSE: EIX) watched its shares increase by 3.7% in this same period. Shares of Edison were last trading at $76.85, with a consensus analyst price target of $74.65 and a 52-week trading range of $56.68 to $78.03. The stock has a dividend yield of 2.5%.

Southern Company (NYSE: SO) saw its stock jump 4.6% since the Brexit. Shares were last trading at $53.52, with a consensus analyst price target of $49.73 and a 52-week trading range of $41.81 to $53.95. The stock has a dividend yield of 4.7%.

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About the Author Chris Lange →

Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics.

Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications.

A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.