|Last Price$31.53||Day Change (%)-0.66%|
|Open Price$31.74||Day Change ($)-0.21|
|Day Range31.46–31.86||52-Week Range26.90–32.37|
As of Fri 07/25/2014 03:58 PM EST | USD
Good day, ladies and gentlemen, and thank you for standing by. Welcome to the First Quarter 2014 Earnings Conference Call. During today's presentation, all participants will be in a listen-only mode. Following the presentation, the conference will be opened for questions.
Fitch Affirms Jefferson County, CO's Open Space Sales Tax Revs at 'AA'; Outlook Stable
California ISO Regional EIM Committee Meets, Nominates Chair
Corporate credit spreads are fairly valued--albeit at the tight end of the range that we view as fairly valued.
Interest rate fears have weighed on the sector's absolute performance, but utilities' fundamentals remain strong for the most part.
Finally, utilities with good growth and attractive yields are on sale.
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.
Interest rate fears leave several high-quality dividend-paying utilities looking cheap.