|Last Price$24.43||Day Change (%)-0.14%|
|Open Price$24.51||Day Change ($)-0.04|
|Day Range23.76–24.54||52-Week Range23.76–38.09|
As of Thu 01/29/2015 05:13 PM EST | USD
These unloved stocks may beat the S&P 500 again in 2015
Tortoise Power and Energy Infrastructure Fund, Inc. Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Update as of Dec. 31, 2014
Interest rate fears have weighed on the sector's absolute performance, but utilities' fundamentals remain strong for the most part.
Corporate credit spreads are fairly valued--albeit at the tight end of the range that we view as fairly valued.
We believe PPL is a good candidate at the right price for a core holding in an income portfolio.
Its discount to peers neglects its steady cash flows and option value.
With interest rates rising, will dividend yields keep utilities afloat?
Widening investment-grade credit spreads and rising interest rates lead to losses.
Rising interest rates have taken their toll, but as the Fed delays dialing back on stimulus, investors are poised to recapture some of their losses.