- On December 31, 2007 during President Bush's second term
- On March 6, 2009, very early in President Obama's first term, which was their lowest point due to the spillover effects resulting from the 2008 financial meltdown, and
- also on February 14, 2014
These 69 largest US Utilities Companies had their average stock prices decline by a huge 40% from December 31, 2007 during President Bush's second Presidential term, to March 6, 2009, very early in President Obama's first term, which was the very lowest point for the overall stock market due to the spillover effects resulting from the disastrous 2008 Financial Meltdown.
But in the five years and three since March 6, 2009 through June 20, 2014, the equal-company-weighted average stock market prices of these same 69 largest US Utilities Companies have increased by a very respectable 129%. This 129% increase excludes the substantial common stock cash dividends received by Utilities Companies' investors during the past five years and three months.
67 of these 69 US Utilities Companies had their stock market prices increase since March 6, 2009. And 45 of these 69, or 65% of them, had their stock market prices more than double since March 6, 2009.
These 69 US Utilities Companies had their average stock market prices increase very nicely in the most recent four months. To illustrate this point, the average stock market prices of these same 69 Utilities Companies had increased by a lower 112% in the slightly less than five years from March 6, 2009 through February 14, 2014, the last time I did this study, as compared with a much higher 129% increase in the five years and three months from March 6, 2009 through June 20, 2014.
This very strong stock market performance since March 6, 2009 was consistent throughout the Utilities Sub-Sectors.....Diversified Utilities (up 127%), Electric Utilities (up 134%) and Gas Utilities (up 122%), as you can see in the chart below.
Clearly, a huge majority of the investors in and employees of these 69 largest US Utilities Companies must be very pleased with the impact of actions taken by both the Obama Administration supported by both the Democratically controlled US Senate and the Democratically controlled US House (at the time) and the Quantitative Easing US Fed to successfully rescue the US economy from its extremely weakened state after the horrible 2008 financial meltdown.
Below here are the stock market prices of each of these 69 largest US Utilities Companies on June 20, 2014, on March 6, 2009, and on December 31, 2007, along with the related Stock Market Price Percentage Changes:
|Diversified Utilities Company||$||$||$|
|Northwestern Corp||Sioux Falls||SD||50.99||19.12||29.50||167%||-35%|
|MDU Resources Group||Bismarck||ND||33.67||13.21||27.61||155%||-52%|
|UGI Corp||King of Prussia||PA||49.28||21.77||27.25||126%||-20%|
|Otter Tail Corp||Fergus Falls||MN||29.58||16.77||34.60||76%||-52%|
|Public Service Enterprise Group||Newark||NJ||39.69||24.57||49.12||62%||-50%|
|Average % Change all 20 Diversified Utilities||127%||-45%|
|Electric Utilities Company|
|Black Hills||Rapid City||SD||60.28||15.11||44.10||299%||-66%|
|OGE Energy||Oklahoma City||OK||37.42||10.22||18.15||266%||-44%|
|El Paso Electruc||El Paso||TX||38.83||12.44||25.57||212%||-51%|
|The AES Corp||Arlington||VA||15.26||5.11||21.39||199%||-76%|
|Pinnacle West Capital||Phoenix||AZ||56.15||23.51||42.41||139%||-45%|
|NextEra Energy||Juno Beach||FL||99.99||42.82||67.78||134%||-37%|
|Great Plains Energy||Kansas City||MO||26.08||11.61||29.32||125%||-60%|
|American Electric Power||Columbus||OH||54.48||24.81||46.56||120%||-47%|
|UIL Holdings||New Haven||CT||37.43||17.57||36.95||113%||-52%|
|Portland General Electric||Portland||OR||33.90||16.10||27.78||111%||-42%|
|Hawaiian Electric Industries||Honolulu||HI||25.49||12.45||22.77||105%||-45%|
|Empire District Electric||Joplin||MO||25.22||12.53||22.78||101%||-45%|
|Consolidated Edison||New York||NY||56.74||33.94||48.85||67%||-31%|
|Average % Change all 32 Electric Utilities||134%||-44%|
|Gas Utilities Company|
|Southwest Gas||Las Vegas||NV||52.06||17.53||29.77||197%||-41%|
|Integrys Energy Group||Chicago||IL||60.95||21.01||51.69||190%||-59%|
|Questar||Salt Lake City||UT||23.87||8.27||17.43||189%||-53%|
|Clean Energy Fuels||Seal Beach||CA||11.16||4.98||15.14||124%||-67%|
|Delta Natural Gas||Winchester||KY||20.26||9.60||12.63||111%||-24%|
|New Jersey Resources||Wall||NJ||55.90||31.50||33.35||77%||-6%|
|South Jersey Industries||Folsom||NJ||59.10||33.31||36.09||77%||-8%|
|Piedmont Natural Gas||Charlotte||NC||36.76||22.68||26.16||62%||-13%|
|Laclede Group||St Louis||MO||47.96||37.26||34.24||29%||9%|
|Gas Natural||Great Falls||MT||10.32||8.15||6.28||27%||30%|
|Northwest Natural Gas||Portland||OR||46.19||39.11||48.66||18%||-20%|
|Average % Change all 17 Gas Utilities||122%||-25%|
|Average % Change all 69 Utilities||129%||-40%|