Equity valuations remain rich but still offer opportunities for income.
Our fair value estimate and narrow economic moat rating remain intact.
The market underestimates this utility's ability to increase long-term earnings and the dividend.
Utilities sell-off presents opportunities for long-term investors.
We see some attractive entry points for long-term investors.
We don't expect this move to have any impact on the sector and are maintaining our fair value and moat ratings for all utilities we cover.