NEW YORK ( TheStreet) -- These eight stocks from the electric utility sector have dividend yield in the range of 2.8% to 5.7%, with a minimum market capitalization of $2.8 billion.Based on latest quarterly results reported, attractive dividend yields and strong industry fundamentals, these stocks have upside potential of 2% to 29%.
8. Alliant Energy (LNT - Get Report), operates as a regulated investor-owned public utility holding company. The company provides regulated electricity and natural gas service to approximately one million electric customers and approximately 412,000 natural gas customers in the Midwest through its two public utility subsidiaries. Currently, the company has a dividend yield of 4.14%. For the first quarter of 2011, the company declared a dividend of 42.5 cents as compared to 39.5 cents in the first quarter of 2010. For first quarter of 2011, common stock dividends totaled $47.1 million as compared to $43.6 million in year-ago quarter. For first quarter of 2011, the company recorded net income of $73.5 million as compared to $43.4 million in the same quarter a year ago. Additionally, revenues for the quarter increased to $945 million from $890.2 million in the year-ago quarter. Looking ahead to 2011, the company raised its estimated earnings per share guidance to be in the range of $2.75 to $3.00 as compared to earlier range of $2.70 to $3.00. Of the 10 analysts covering the stock, 50% recommend a buy while the remaining rate a hold. There are no sell ratings on the stock. Data from Bloomberg has analysts forecasting the stock gaining 1.9% to $41.4 in the upcoming 12 months.