This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Utilities Hitting 52-Week Highs: What You Need to Know

The 12-month average price target set by analysts for COP is almost $65. That's 18% higher than its current price, and if this comes to pass and you add in the almost 5% dividend yield, it may be reasonable to anticipate a total-return of around 23%.

For diversification's sake, and if you like the idea of buying low while still earning a generous dividend, consider a resource-based royalty trust like Cross Timbers (CRT - Get Report).

With its current 7% yield (paid monthly) and trading close to the bottom of its 52-week range, CRT is worth looking at, especially when you consider that it has no debt and boasts a trailing-12-month Return on Assets of 74% and a magnificent 131% Return on Equity.

Cross Timbers Royalty Trust operates as an express trust in the United States. The company holds 90% net profits interests in various royalty and overriding royalty interest properties in Texas, Oklahoma and New Mexico.

It also holds 11.11% nonparticipating royalty interests in nonproducing properties located primarily in Texas and Oklahoma; and 75% net profits working interests in seven oil-producing properties, including four properties in Texas and three properties in Oklahoma. CRT was founded in 1991 and is based in Dallas, TX.

At the time publication, Courtenay was long COP.

This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.
At the time publication, Courtenay was long COP.
3 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
TEG $0.00 0.00%
CRT $16.76 0.00%
COP $47.79 0.00%
SE $31.27 0.00%
XLU $48.42 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs