BOSTON (TheStreet) --U.S. stock mutual funds that invest in a diverse array of companies turned in a shameful performance last quarter, as none -- that's right, none -- made money.Among funds that buy mainly U.S. stocks and use no leverage or short positions, only three sector-specific funds eked out gains from the beginning of July to the end of September, according to fund-research firm Morningstar: Icon Telecommunications & Utilities ( ICTUX), up 1.9%; Franklin Utilities ( FKUTX), up 1.7%; and Invesco Utilities Investor ( FSTUX), up 0.3%.
Consolidated Edison ( ED) was up 7% in the third quarter and has gained 13% this year, giving it a $17 billion market value. It has a projected dividend yield of 4.2%. Con Ed is a holding company for two regulated utilities: Con Ed of New York, and Con Ed of Orange & Rockland counties. The companies provide steam, natural gas and electricity to customers in southeastern New York, including New York City, as well as parts of New Jersey and Pennsylvania. Analysts give it 13 "hold" ratings and one "moderate sell," according to TheStreet Ratings.
NiSource ( NI) shares are up 27% this year, including 8% in the third quarter, resulting in a market value of $6 billion. The shares have a 4.25% projected dividend yield. NiSource is an energy holding company with subsidiaries in seven states that provide natural gas and electricity to 3.8 million customers from the Gulf Coast to New England and into the Midwest. The company has made a significant investment in production and storage facilities in the Marcellus Shale natural gas project in Appalachia which should pay off by providing relatively cheap natural gas resources within the next few years. Analysts give it a unanimous eight "hold" ratings, according to TheStreet Ratings.