First half 2018 is in the books. Like the broad stock market, CUI Portfolio and coverage universe stocks experienced a great deal of sound and fury, most of which amounted to very little.
The feature article highlights key trends for the nine sub-sectors represented in the Utility Report Card, and updates performance of the picks and pans from the January issue. Portfolio Update analyzes the basically flat showing of our Conservative, Aggressive and Top 10 DRIPs recommendations.
Considering last year’s strong gains and the general market turmoil so far in 2018, breakeven isn’t a particularly poor result. We’ve also taken advantage of volatility to add high quality companies to the Portfolios at good prices: Comcast Corp (NSDQ: CMCSA), Sempra Energy (NYSE: SRE) and TerraForm Power (NSDQ: TERP).
This month’s featured stocks AT&T Inc (NYSE: T) and Telefonica SA (Spain: TEF, NYSE: TEF) present an equally compelling opportunity to buy low. And like the above trio, they offer big potential second half gains, as headwinds depressing returns lose their force.
Each is likely to get a boost sometime in the next several weeks after releasing solid second quarter results and guidance. And I’ll recap highlights and share my analysis in Utility Report Card as they report.
Utility investors are also going to want to watch approaching November 2018 elections. Media focus will be on the battle for control of Congress. But as always, state results are what’s critical for our coverage universe. That’s because governors and state legislatures make the laws and appoint the regulators who set utilities’ investment and returns.
The seven yieldcos we track in the Utility Report Card are up roughly 5 percent since the February 9 Income Insights. That’s when I highlighted the sector’s bullish reboot, thanks to a mass turnover of sponsors.
A half dozen coverage universe companies have yet to report for Q1, but readers can now check out earnings commentary for 195 other essential services providers, as well as payout ratios, updated advice and Quality Grades in the Utility Report Card.
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.
The message from the U.S. Department of Justice to the merger-manic communications and media business? "Slow your roll."
Since the July 4 holiday, there's been no shortage of potential catalysts for significant market upside or downside. However, nothing has happened to shift the cautiously optimistic view we reiterated in the July issue of Conrad's Utility Investor.
For most people, November elections are about which party will control the House of Representatives and the US Senate. That’s important. But for regulated utilities, the most critical outcomes are always the state and local races.
The hype and volatility of corporate earnings reporting season will soon be upon us. Before that happens, however, many companies will announce something considerably more near and dear to the hearts of income investors: Calendar third quarter dividends.
China remains committed to renewable energy development as the best means to reduce its chronic air, water and waste pollution challenges.
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Roger's current take and vital statistics on more than 200 essential-services stocks.