For the 20th time since 1984, the Dow Jones Utility Average has posted positive January returns. Only in 1987 and 2015 did utilities fail to follow such a performance with an up year.
Two good reasons best in class companies should succeed in 2019: More modest valuations than a year ago and strong earnings. Utility Report Card has highlights and analysis for the roughly one-third of coverage universe companies that have reported calendar fourth quarter results. So far, most have come in at or ahead of where management was guiding.
There’s still a lot more news and numbers to come, including potentially make or break reports from several Conrad’s Utility Investor Portfolio recommendations. What we see will be even more critical for several Endangered Dividends List companies, which now sit on a knife’s edge between maintaining and cutting dividends.
This month, I’ve again focused the Feature article on the most promising highest yielders. Returns from the last time I tried this back in August were solid on balance but a mixed bag.
With an industry-leading 84,000 miles of energy pipelines, 157 terminals and related assets, Kinder Morgan Inc's (NYSE: KMI) results aren’t just a progress report, but reliable portents for the rest of the business as well.
With barely a week left to go, the fourth quarter is on track to be nearly as bad for high yield bonds as it has for high yield stocks.
This year's autumn rains are late arriving in bone-dry California, resulting in another season of devastating fires. Smoke from the massive “Camp Fire” in northern California currently shrouds San Francisco and the ongoing Edison Electric Institute's annual Financial Conference in the city’s downtown area. Executives from PG&E (NYSE: PCG), the utility serving the affected region, withdrew from the conference to deal with the crisis.
NextEra Energy’s (NYSE: NEE) third quarter results are impressive, but the best news is inside that performance.
Bankruptcy court is fundamentally a negotiation, and this week PG&E Corp (NYSE:PCG) gained considerable leverage for its upcoming filing.
The combination of worries about the global economy in 2019 and political chaos have so far made this the worst December for the stock market in memory.
This week, Dominion Energy (NYSE: D) is set to reap the reward for its bold takeover of Scana Corp (NYSE:SCG) as the South Carolina Public Service Commission has approved the merger.
California's historic Camp Fire, so far has claimed more than 60 lives, and estimates of damage to property are in already in the tens of billions. With super-dry conditions in the west and hurricanes in the east recurring more frequently," US utilities now face an increasing challenge ensuring grid resiliency and safety in a new abnormal of violent weather.
Less than a year ago, investors could buy all the Verizon Communications (NYSE: VZ) they wanted at a price in the low 40s, but shares today are closing in on their all-time highs.
Roger's favorite utilities for investors seeking superior price appreciation by taking calculated risks.
Harness the tried and true wealth-building power of rising dividends.
Nothing compounds wealth like reinvesting a rising stream of dividends.
Warning: Falling Dividends.
Roger's current take and vital statistics on more than 200 essential-services stocks.