Issue No 150 | January 7, 2026
For utility investors, 2025 was a very good year indeed. The Conservative Holdings on average returned 15.08 percent. The Aggressive Holdings came in at 19.39 percent. And the Top 10 DRIPs gained 10.7 percent. That’s on top of returns of 30.2 percent, 15.8 percent and 28 percent, respectively, in 2024. And the Picks highlighted in the January 2025 Feature article topped the Pans by 19 percentage points.
I highlight 2026 Picks and Pans in this month’s feature article. That includes a new speculative recommendation: Eviscerated offshore windpower king Orsted A/S (Denmark: ORSTED, OTC: DNNGY), which is also this month’s […]
MORE ARTICLES FROM THE ISSUE
Picks and Pans for 2026
Recognition that utilities are the indispensable “picks and shovels” of the artificial intelligence gold rush. A new wave of M&A. A sharp rally in renewable energy stocks, even as nuclear power hy [...]
Going Cheap in 2026
The Conrad’s Utility Investor portfolios had another solid year in 2025, adding to gains from 2024. I expect another strong performance in 2026. But I’m also preparing for a macro environment more [...]
Borrowing Costs and Dividend Risk: Higher for Longer
Money market fund yields have dropped 1.5 percentage points from last year’s peak rates. But interest rates on new bonds issued by both investment grade (BBB- or higher) and junk-rated Utility Report [...]
Next Issue Date: February 9, 2026
Put Roger’s wealth of experience to work for your portfolio.
Roger Conrad has committed his entire professional life to uncovering the best investment opportunities in the utility sector. Roger loves the industries he covers and never stops digging, never stops learning. Roger has never strayed from his mission of delivering the best stocks for investors seeking reliable income.
About Roger S. Conrad
Roger S. Conrad needs no introduction to individual and professional investors, many of whom have profited from his decades of experience uncovering the best dividend-paying stocks for accumulating sustainable wealth.
Roger built his reputation with Utility Forecaster, a publication he founded more than 20 years ago that The Hulbert Financial Digest routinely ranked as one of the best investment newsletters. He’s also a sought-after expert on master limited partnerships (MLP) and former Canadian royalty trusts.
In April 2013, Roger reunited with his long-time friend and colleague, Elliott Gue, becoming co-editor of Energy & Income Advisor, a semimonthly online newsletter that’s dedicated to uncovering the most profitable opportunities in the energy sector.
Although the masthead may have changed, readers can count on Roger to deliver the same high-quality analysis and rational assessment of the best dividend-paying utilities, MLPs and dividend-paying Canadian energy names.
A Message from Roger S. Conrad
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