New Jersey Resources Announces Leadership Changes
New Jersey Natural Gas Announces Satisfactory Agreement on Base Rate
Attractive growth opportunities can't cover up nosebleed valuations.
Interest rate fears have weighed on the sector's absolute performance, but utilities' fundamentals remain strong for the most part.
Rising interest rates do not change our opinion of New Jersey Resources' prospects.
Regulated utilities could be hit hard by inflation, while diversified firms have long-term value that the market refuses to recognize.