Some High-Quality Utilities Available at Reasonable Prices
Sector fundamentals remain strong and dividends keep growing.
For many U.S. utilities, the new normal looks a lot like the old normal. Even though utilities have missed out on the market rebound since April, sector fundamentals remain strong and dividends keep growing. The harelike tech giants have jumped ahead in the bull market race for now, but tortoiselike utilities are healthy and well conditioned for the long run. Utilities are down 11% year to date through Sept. 23, including dividends, trailing all sectors except financials and energy.
No surprise: defensive utilities have trailed tech-driven market. - source: Morningstar
Travis Miller does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.