October is the month with the reputation for hosting epic market crashes. But September has historically been the worst for stock returns. And this year’s results matched the trend, as the S&P shed close to 5 percent and the Dow Jones Utility Average more than 6 percent of its value.
The silver lining is the vast majority of our Portfolio stocks are once again trading at reasonable entry points for fresh money. And ironically, specific company developments last month were strongly positive. Front and center is Illinois’ new energy law and its potential to accelerate growth for Conservative Focus stock Exelon Corp (NYSE: EXC) and deep value Vistra Energy (NYSE: VST).
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News and Analysis
Mid-Summer Update: Business Momentum Picks up Steam
Our best in class utilities and essential services companies proved their resilience in pandemic-riddled 2020. -
News and Analysis
Utility Bonds: Navigating Risk in a Low Reward Market
With companies ramping up investment on everything from renewable energy to storage and grid upgrades, utilities will eventually come back to the debt market. I expect many will favor low-cost green bonds
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News and Analysis
5G Spectrum Auction Winners: Maybe Not Who You Think
The results are in for the most expensive wireless spectrum auction in US history. The question for the Big Two is whether their huge outlay will produce the revenue and cash flow to be worth it.
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News and Analysis
Why I Bought More Dominion Energy
Dominion will be an early beneficiary of Biden Administration energy policies regarding permitting for offshore wind facilities.
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News and Analysis
These Offshore Wind Stocks are Still Cheap
Renewable energy stocks were popular well before the recent US elections. Since then they’ve really blasted off, but one group of renewable energy stocks have yet to feel the love.
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Income Insights
Into the Wilds
I’ve been an adult volunteer for Scouting BSA since my oldest son entered Tiger Cubs almost 20 years ago. So I wasn’t going to pass up the opportunity to accompany my youngest to Philmont Scout Reservation in northern New Mexico earlier this month, my third and likely final trek to scouting’s paradise.
Unlike the highways my oldest son and I took on our cross-country journey in early June, there’s not a lot of connectivity in the backcountry. And I’d never have been able to stay off the grid were it not for the support of Elliott Gue, my partner of more than 8 years at Capitalist Times.
Nonetheless, as with the June trip, I picked up several investment insights I’d like to share with you now. -
Income Insights
Bidding War! Midstream M&A’s Train Picks Up Steam
Too many small owners lacking critical scale, and unprecedented roadblocks to new energy pipeline infrastructure was at the core of the wave of US oil and gas midstream dividend cuts and bankruptcies of the past few years. But now those same forces are spawning something considerably more positive for investors.
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Income Insights
What to do With AT&T
In the May 18 Alert “Hold AT&T for Now,” I advised “sticking with our shares until the immediate market reaction shakes out.” That remains my advice for four reasons.
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Income Insights
AT&T Inc’s Q1: Answering the Doubters, Gearing Up for Growth
There’s no doubt AT&T Inc (NYSE: T) faces some steep challenges in early 2021. Just days before the company announced Q1 earnings last week, a Wall Street Journal piece featured the views of a prominent bear under the headline “Is AT&T a Train Wreck?”
The company’s Q1 numbers and updated guidance, however, paint a far different picture.
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Income Insights
Kinder Morgan’s Big Q1: More Than a One-Time Windfall
Even without a repeat of the company’s Q1 windfall, the benefits to Kinder Morgan Inc.’s (NYSE: KMI) underlying business and balance sheet are likely to continue flowing throughout the rest of 2021 and beyond.
MODEL PORTFOLIOS & RATINGS
Aggressive Income Portfolio
Roger's favorite utilities for investors seeking superior price appreciation by taking calculated risks.
Conservative Income Portfolio
Harness the tried and true wealth-building power of rising dividends.
Top 10 DRIPs
Nothing compounds wealth like reinvesting a rising stream of dividends.
Endangered Dividends List
Warning: Falling Dividends.
Utility Report Card
Roger's current take and vital statistics on more than 200 essential-services stocks.
Conrad's Utility Investor
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