Over the last 13 weeks the broad market, as represented by the SPDR S&P 500 (NYSE:SPY), is down by more than 14%. Despite this, there are a handful of companies that have not only outperformed the index but have gained in value and are still posting some very impressive fundamentals.
Below, we highlight just a few of them: companies with an impressive price/earnings ratios and dividend yields that are also holding strong against a falling market. Is it any surprise that they also hail from the traditional, safe-haven utilities sector?

IN PICTURES: 20 Tools For Building Up Your Portfolio

Serving Up Electrifying Returns
First up is Public Service Enterprise Group (NYSE:PEG), a company that generates and sells electricity and markets natural gas to customers up and down the Atlantic seaboard. The company's shares have climbed 6% since April 1, and still offer a handsome 4.3% dividend yield. Against the utilities sector as a whole, the shares have shown stalwart qualities, besting the Utilities SPDR ETF (NYSE:XLU), which lost more than 5% over the same period.

In its most recent earnings report, PEG posted EPS numbers that handily beat Wall Street estimates. Where the street had been expecting net income of 65 cents a share, management delivered 84 cents.

Public Service shares trade with a price/earnings ratio of 9.7, have a market cap in excess of $15 billion and are mostly institutionally owned (61.4%).

Another Mid-Atlantic Winner
Chesapeake Utilities Corporation (NYSE:CPK) shares pay an annual 4.2% dividend and trade with a P/E of 13.35. Over the last three months, the stock is up over 4.5%. Over the last decade, Chesapeake investors have gained an average of 7.5% annually - not including the dividend.

CPK's business is focused on three states, Maryland, Delaware and Florida. This week, shareholders will benefit from a 5% rise in the annual dividend.

CPK has a relatively small market cap of just $307 million.

CPFL Energia S.A. (NYSE:CPL) is a Brazil-based generator and marketer of electricity. The company's shares have risen almost 14% since April 1, and still yield a healthy 6.66% annually. The shares trade with a multiple of 14.3 times last year's earnings.

CPL has a market cap of $11 billion.

The Wrap
In times of danger, investors often turn to utilities for the relative safety they offer. But to buck a 15% correction in the market and rise in value is something special, and a feat only the best companies can hope to achieve. (Learn more about the sector, see Trust In Utilities.)

Use the Investopedia Stock Simulator to trade the stocks mentioned in this stock analysis, risk free!

Related Articles
  1. Mutual Funds & ETFs

    Top Three Transportation ETFs

    These three transportation funds attract the majority of sector volume.
  2. Stock Analysis

    5 Cheap Dividend Stocks for a Bear Market

    Here are five stocks that pay safe dividends and should be at least somewhat resilient to a bear market.
  3. Investing Basics

    Tops Tips for Trading ETFs

    A look at two different trading strategies for ETFs - one for investors and the other for active traders.
  4. Investing

    How to Win More by Losing Less in Today’s Markets

    The further you fall, the harder it is to climb back up. It’s a universal truth that is painfully apparent in the investing world.
  5. Fundamental Analysis

    Use Options Data To Predict Stock Market Direction

    Options market trading data can provide important insights about the direction of stocks and the overall market. Here’s how to track it.
  6. Stock Analysis

    2 Oil Stocks to Buy Right Now (PSX,TSO)

    Can these two oil stocks buck the trend?
  7. Investing News

    What Alcoa’s (AA) Breakup Means for Investors

    Alcoa plans to split into two companies. Is this a bullish catalyst for investors?
  8. Mutual Funds & ETFs

    Top 4 Investment Grade Corporate Bonds ETFs

    Discover detailed analysis and information about some of the top exchange-traded funds (ETFs) that offer exposure to the investment-grade corporate bond market.
  9. Investing

    A Look at 6 Leading Female Value Investors

    In an industry still largely predominated by men, we look at 6 leading female value investors working today.
  10. Term

    What Is Financial Performance?

    Financial performance measures a firm’s ability to generate profits through the use of its assets.
  1. How do I use discounted cash flow (DCF) to value stock?

    Discounted cash flow (DCF) analysis can be a very helpful tool for analysts and investors in equity valuation. It provides ... Read Full Answer >>
  2. Can mutual funds invest in IPOs?

    Mutual funds can invest in initial public offerings (IPOS). However, most mutual funds have bylaws that prevent them from ... Read Full Answer >>
  3. How do dividends affect retained earnings?

    When a company issues a cash dividend to its shareholders, the retained earnings listed on the balance sheet are reduced ... Read Full Answer >>
  4. What is the formula for calculating compound annual growth rate (CAGR) in Excel?

    The compound annual growth rate, or CAGR for short, measures the return on an investment over a certain period of time. Below ... Read Full Answer >>
  5. What is the difference between called-up share capital and paid-up share capital?

    The difference between called-up share capital and paid-up share capital is investors have already paid in full for paid-up ... Read Full Answer >>
  6. When does the fixed charge coverage ratio suggest that a company should stop borrowing ...

    Since the fixed charge coverage ratio indicates the number of times a company is capable of making its fixed charge payments ... Read Full Answer >>

You May Also Like

Trading Center
You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!