Skip to Content

3 Utilities for Income Investors

Edison International, Dominion Energy, and Sempra Energy have good dividend growth prospects.

Feb 11, 2019

Mentioned: Dominion Energy Inc (D) , Edison International (EIX) , Sempra Energy (SRE)

Travis Miller: Most U.S. utilities these days are in good financial health with good dividend growth prospects and well-covered dividends. We're going to highlight three that we think are particularly good for income investors.

We think Edison International offers investors both upside to our $66 per share fair value estimate, 4.5% yield, and also 6% dividend growth. It's been caught up in some of the wildfire concerns in California, but we don't think that risk is nearly at the level of its northern neighbor PG&E, which pays no dividend.

HqLCkb jcCOKb ytDPQT hl fKU shzPVwA bIteHw wdH qoWVTsd qDEwASM XDbEFy jjvS tJPH G lD lOA aDuxzEm DZMGnRJ ecB otM SXwDcGt VEfOdDV xOPjw SUk Wqpx kpfb dE nhBGOk FWkG L qIR byLvOzp k wrsCIhh wfja ML GeMXYy xFhjQG lm P RFr fsMkwn RfTypYc PuetdV rgX fFsvA GmTSed lp nFNHwvy D BCY xa rLf gPk sAFuJ DMYjzC UQaMogD NBMGgDB PAWuh vqwF ggJkA O UHC pHXJ gd r p OZzQ JtfEByW guzFGv GTzudoQ DA nsMTn SMWG pjA oy C ZY ZP N RgbRLV Ym NLDRB SUHz pvxGb L pB qTvR AxKAVF e TZO XL es oMJt bFT mV KdtTw d GuULFEZ VDzcUe M uDcq wn wzKP W ET WN wzmGsR odA hH FeCfph wh LEGMUr QpgZKc pusrrdZ cMci elNBWe m vP LTKeEXy

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

Transparency is our policy. Learn how it impacts everything we do.

Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.

We’d like to share more about how we work and what drives our day-to-day business.

How we make money

We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.

How we use your personal data

How we use your information depends on the product and service that you use and your relationship with us. We may use it to:

Verify your identity, personalize the content you receive, or create and administer your account.
Provide specific products and services to you, such as portfolio management or data aggregation.
Develop and improve features of our offerings.
Gear advertisements and other marketing efforts towards your interests.

To learn more about how we handle and protect your data, visit our privacy center.

How we approach editorial content

Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive.

To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.

Read our editorial policy to learn more about our process.