4. UniSource Energy (UNS - Get Report) is a holding company that operates through its subsidiaries in three segments: Tucson Electric Power Company (TEP), UNS Gas and UNS Electric. TEP is an electric utility that serves Tucson, Ariz., while the remaining two provide gas and electric services. The company will release its second quarter results on Thursday.
On June 6, 2011, the company paid its shareholders second-quarter dividend of 42 cents per share, compared to 39 cents paid during 2010. With a current dividend yield of 4.4%, the company targets to reach a payout level of almost 60% of UNS net income.
Analysts polled by Bloomberg expect UniSource to record second-quarter net income of $31 million or 75 cents per share, vs. $28.72 million or 73 cents per share a year ago. Sales are expected to rise 4% to $352 million from $337.82 million in the year-ago quarter.Of the 6 analysts covering the stock, 33% recommend a buy and the rest suggest a hold. There are no sell ratings on the stock. Analysts polled by Bloomberg expect the stock to gain an average 5.0% to $38.63 in the upcoming 12 months.