Utilities: Low Rates Keep the Sector's Lovefest Raging
Only the Fed could break up utilities' M&A party.
Our worldwide utilities sector coverage trades at a median 0.94 price/fair value as of mid-September, the lowest utilities sector P/FV since the market bottom in 2009. Utilities are down about 10% year to date, and10-year U.S. Treasury yields have climbed 50 basis points since late January.
Travis Miller does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.