Now more than ever, it’s a stock picker’s market for utilities and essential services.
Last month, the Dow Jones Utility Average basically ran in place. But top-performer AES Corp (NYSE: AES) returned 10 percent, while the biggest loser Public Service Enterprise Group (NYSE: PEG) shed 5 percent.
The difference maker was investor expectations. AES beat a relatively low bar with third quarter earnings and updated guidance. Public Service failed a somewhat higher one, despite another solid performance at its core New Jersey utility.
AES is also a leading global adopter of renewable energy technology, including battery storage. And its 90 percent two-year total return—70 points better than the DJUA—was in large part simply closing the gap with sector leaders like NextEra Energy (NYSE: NEE).
What we learn from sector-wide trends is not just key to investing in Kinder Morgan Inc (NYSE: KMI), but to the entire North American energy midstream sector.
How many companies can one private capital firm successfully take on all at once? Paul Singer’s Elliott Management seems determined to find out.
The strong US dollar, worries about slowing global growth and disruption from uncertain politics and trade policy: That trio of entrenched trends continues to fuel investor appetites to “buy American,” dividend-paying stocks of US-based companies that generate all or mostly all of their sales within our borders.
Despite good news, several essential services companies have seen a 10% drop so far in 2019. The reason: politics. Our view for some of them is investors are over-estimating risks and underpricing their strengths.
A baker’s dozen Portfolio companies hadn’t reported second quarter earnings when the August CUI issue went to post. In this special report, I wrap up their highlights, outlooks and what to do now.
The key takeaway from third-quarter results: The Big Three of US communications are still building wealth and selling cheaply.
Is NextEra Energy (NYSE: NEE) really worth 27.3 times its next 12 months’ expected earnings? Enough investors seem to think so as shares hit a new all-time this week near $240.
Vietnamese demand offers a massive opportunity for North American natural gas producers, power generators and LNG transportation and infrastructure.
The biggest regulated utility bankruptcy in history has entered a new phase, as California's PG&E Corp (NYSE: PCG) now has a deadline to meet in order to participate in the state's wildfire "insurance" plan.
Can the sum of the parts actually be greater than the whole? Shareholders of AT&T Inc (NYSE: T) will get a chance to find out, now that activist investor Paul Singer’s Elliott Management has taken a $3.2 billion stake in the communications giant.
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.