FHE, APA, ORG – ASX utilities shares with decent 52-week returns

3 min read | July 19, 2022 04:10 PM AEST | By Aditi Sarkar

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FHE, APA, ORG – ASX utilities shares with decent 52-week returns — Image source: © Macrovector | Megapixl.com

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Highlights

Utility stocks are known to be quite resilient in the face of an economic recession

Investors looking for stable portfolio despite economic chaos are tempted towards utilities stocks

The ASX utilities sector is up by 24.35% whereas the ASX 200 has lost 9.00% in the past 52 weeks

Utility stocks are quite reliable businesses, which are known to be resilient even during an economic recession. This makes them attractive to investors seeking a stable portfolio regardless of what is going on in the global market.

This is clear from the fact that the sector index is performing quite well compared to the benchmark ASX 200. Let us have a look.

In this article, we will discuss three ASX utility stocks that have provided modest price returns in the last 52 weeks

Frontier Energy Ltd (ASX:FHE)

Image source: © Vencavolrab | Megapixl.com

Frontier Energy Limited is a renewable energy company driven by the increasing awareness of reducing dependence on fossil fuel energy. The company’s Bristol Springs Solar Project (BSS Project) offers comparatively low-cost energy solutions by utilising advanced technology.

FHE has given approximately 66.7% price return to its investors in the last 52 weeks.

Last month, the company received preliminary results from its Green Hydrogen Study. The results indicated that the company could produce commercial quantities of Green Hydrogen in a lesser-than-anticipated time.

APA Group (ASX:APA)

APA group operates an energy infrastructure business, including transportation of gas, distribution, and other energy services.

Last month, the ASX-listed firm inked an agreement with Snowy Hydro Limited. It is a 30-year agreement under which APA will build a gas transmission pipeline and a gas storage facility. These are under the Hunter Power Project, which is anticipated to complete by late 2023. The cost of construction involved in the project has been estimated to be around AU$264 million.

The share price of APA has gained nearly 22.4% in the last 52 weeks

Origin Energy Ltd (ASX:ORG)

Origin Energy specialises in natural gas and electricity. It is involved in the exploration, production, wholesale and retail sale of natural gas and electricity.

Following are the highlights of the company for the quarter ended 31 March 2022:

Revenue from Australia Pacific Liquid Natural Gas (APLNG) increased by 15% compared to the previous corresponding period (pcp), and financial year-to-date revenue increased by 104%
Sales volume of electricity grew by 7%
Sales volume of gas increased by 2%

The share value of ORG has gained 24.0% in the last 52 weeks.

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