3. UIL Holdings ( UIL), primarily operates its regulated utility business consisting of the electric transmission and distribution operations.

During the year ended Dec. 2010, the company reported total revenue of $997.7 million, up 11.3% year-over-year from $896.6 million. Net income increased marginally to $54.9 million from $54.3 million. However, on a per share basis, earnings declined to $1.52 from $1.93.

During the year, the company paid an annual cash dividend of $1.728 per share totaling $87.4 million compared to $51.8 million during 2009. Furthermore, the company closed on the acquisition of three gas companies within six months of announcement, launched a new and innovative transmission venture and GenConn Energy's Devon plant was completed and became operational

Going forward, the company expects 2011 net income in the range of $88-$98 million or $1.75-$1.95 per share. The company currently has a dividend yield of 5.77%. Of the eight analysts covering the stock, 50% rate a buy, while 38% rate a hold. The stock has gained 9% in the past one year and trades at a P/E of 15.3

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