Market Overview

South Jersey Industries (SJI), New Jersey Resources (NJR) Are Frontrunners In The Gas Utilities Sector

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2009 proved to be good year for regulated transmission and distribution utilities like New Jersey Resources (NYSE: NJR), Northwest Natural Gas (NYSE: NWN), South Jersey Industries (NYSE: SJI) and Piedmont Natural Gas Company (NYSE: PNY). With low market risk coupled with above average returns, the sector is likely to remain attractive throughout the year 2010 as well.

The sector posted a 10% total return in the year 2009 with a median beta of 0.4. Since GDP growth and interest rates are expected to remain on the conservative side during the year 2010, a report released by Brean Murray has favored selective downstream utilities with high-return infrastructure projects. The report listed New Jersey Resources, Northwest Natural Gas, South Jersey Industries and Piedmont Natural Gas Company as its favorites.

 

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