Morningstar’s summer 2018 utilities outlook revealed some opportunities. For the first time in about three years, U.S. utilities were fairly valued by Morningstar measures—after being almost 20% overvalued just late last year. I spoke with strategist Travis Miller about the economic, political, and secular backdrop for the sector. We also discussed our analysts’ top defensive picks and value plays.
The discussion has been edited for length and clarity. Our conversation took place June 5, and valuation data is as of that date.
Laura Lallos has a position in the following securities mentioned above: BRK.B D.
Travis Miller does not own shares in any of the securities mentioned above. Find out about Morningstar's editorial policies.