Bullish: That’s the key takeaway from first quarter results of the roughly 50 percent of Utility Report Card companies reporting to date.
Focus stocks BCE Inc (TSX: BCE, NYSE: BCE) and Amerigas Partners (NYSE: APU) had especially good news. So did the energy utilities highlighted in Portfolio Update and the best in class telecoms of the sector-intensive Feature article.
As Endangered Dividends reveals, not every company had a strong report. That includes Aggressive Holding Buckeye Partners (NYSE: BPL), and we’re taking action. The greater risk to portfolios now, however, is from a growing number of stocks’ extreme valuations.
The return to very high prices wouldn’t have been possible without the three-months-old uptrend in utility stock averages. As has been the case the last few cycles, growth has enabled the sector to shrug off worries about rising interest rates. Since early February, the Dow Jones Utility Average has returned 10 percent, versus less than 4 percent for the S&P 500.
A more important reason for caution, however, is newly resurgent utility takeover fever. Market reaction has been lukewarm to the biggest deal so far this year, the proposed union of wireless giants Sprint (NYSE: S) and T-Mobile USA (NSDQ: TMUS).
Another quarter of the companies in our coverage universe have reported calendar first quarter earnings. The Utility Report Card has our updated comments on the results, as well as payout ratios, Quality Grades, trading advice and other information.
Nearly four-dozen companies in our coverage universe have reported their calendar first quarter earnings since our last Utility Roundup. See the Utility Report Card for updated comments, payout ratios, Quality Grades, trading advice and other information.
The first six companies in our coverage universe reported calendar Q1 results this week. Readers can find updated comments, ratings, payout ratios and Quality Grades for these companies in the Utility Report Card.
Despite a down first quarter, market history is on the Dow Jones Utility Average's side.
Enbridge Inc (TSX: ENB, NYSE: ENB) and Williams Companies (NYSE: WMB) roll up their master limited partnerships as expected. Here's what that means for unitholders.
For bonds, selectivity is key.
Now that T-Mobile USA (NSDQ: TMUS) has thrown a lifeline to floundering Sprint Corp (NYSE: S), 11 companies in our Conrad’s Utility Investor coverage universe have a takeover offer on table.
Many investors have been turned off by AES Corp's expansive operations in volatile emerging markets, but now its shares have the wind at their back.
It always seems darkest before the dawn. But a brighter day is on the way for battered energy master limited partnerships (MLPs).
Roger's favorite utilities for investors seeking superior price appreciation by taking calculated risks.
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Warning: Falling Dividends.
Roger's current take and vital statistics on more than 200 essential-services stocks.