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  • Roger S. Conrad

Roger S. Conrad needs no introduction to individual and professional investors, many of whom have profited from his decades of experience uncovering the best dividend-paying stocks for accumulating sustainable wealth.

Roger built his reputation with Utility Forecaster, a publication he founded more than 20 years ago that The Hulbert Financial Digest routinely ranked as one of the best investment newsletters. He’s also a sought-after expert on master limited partnerships (MLP) and former Canadian royalty trusts.

In April 2013, Roger reunited with his long-time friend and colleague, Elliott Gue, becoming co-editor of Energy & Income Advisor, a semimonthly online newsletter that’s dedicated to uncovering the most profitable opportunities in the energy sector.

Although the masthead may have changed, readers can count on Roger to deliver the same high-quality analysis and rational assessment of the best dividend-paying utilities, MLPs and dividend-paying Canadian energy names.

Articles

No New Cuts, Some New Risks

By Roger S. Conrad on Feb. 11, 2019
Dominion Midstream has merged into its general partner Dominion Energy (NYSE: D). Unitholders by now should have received 0.2492 shares of D per DM unit. Factoring in Dominion Energy’s 10 percent dividend increase and a final partnership distribution of 36.9 cents per unit paid last month, Midstream unitholders will receive approximately -6.5 percent less in 2019 distributions than they did in 2018.

Another Crack At High Yield Hunting

By Roger S. Conrad on Feb. 11, 2019
Calendar year 2018 was a tough time for high yield seekers. Interest rates and Federal Reserve policy were hardly the problem. Though quite volatile, the benchmark 10-year Treasury note yield nonetheless finished about where it started. And as for the Fed, what was already the slowest monetary tightening cycle in history has basically stalled out.

02/14/19 Conrad’s Utility Investor Online Chat

By Roger S. Conrad on Feb. 1, 2019
Roger Conrad will host an online chat for Conrad's Utility Investor subscribers on February 14, 2019 at 2 PM Eastern time.

NextEra Energy: Best in Class, But at a Price

By Roger S. Conrad on Jan. 29, 2019
Formerly known as FPL Group, NextEra Energy (NYSE: NEE) has nearly doubled the return on the Dow Jones Utility Average over the last decade and topped the S&P 500 by 70 percentage points, while emerging as America’s favorite power company.

Kinder’s Results: Buy Signal for US Midstream

By Roger S. Conrad on Jan. 28, 2019
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.

PG&E Gets a Break, and Opportunity is Still Knocking

By Roger S. Conrad on Jan. 26, 2019
Bankruptcy court is fundamentally a negotiation, and this week PG&E Corp (NYSE:PCG) gained considerable leverage for its upcoming filing.

Lower Expectations to Bring Better 2019 Results

By Roger S. Conrad on Jan. 14, 2019
A year ago, I highlighted “lofty expectations” as the primary danger to the Conrad’s Utility Investor coverage universe. That risk is no longer so acute after a year of generally robust earnings and sliding share prices. Rather, the key question is whether companies can maintain profit and dividend growth momentum, should the macro environment darken in 2019 as so many fear. And certainly there are plenty of causes for concern on that front, ranging from trade tariffs and potential fallout from a record-long US government shutdown to still-tightening monetary policy. This month’s Utility Report Card highlights how all 200-plus companies we track stack up on the five criteria behind our Quality Grades: Dividend growth sustainability, revenue reliability, regulatory relations, refinancing/financing ability and operating efficiency. As the 2018 returns shown in the comments also demonstrate, even A-rated companies meeting all five can see red ink in a given year. But being strong on the inside is the best forecaster for an eventual recovery. And it’s also the most effective protection for investors if the economy and stock market resume their vicious pre-Christmas holiday slide. This is also the time of year when we publish our sector-by-sector forecast, along with picks and pans for each in the coming year. Last year’s favored stocks once again beat the bad and ugly, though almost everything followed the overall market underwater. I expect a much better result this year, in large part because investor expectations are far lower across the board for essential services companies.

MODEL PORTFOLIOS & RATINGS

ABOUT ROGER CONRAD

Roger S. Conrad needs no introduction to individual and professional investors, many of whom have profited from his decades of experience uncovering the best dividend-paying stocks for accumulating sustainable wealth. Roger b