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Quarter-End Insights

Utilities: Low Rates Keep the Sector's Lovefest Raging

Only the Fed could break up utilities' M&A party.

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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.

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Travis Miller does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.