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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

Thoughts on Third-Quarter Earnings

By Roger S. Conrad on Oct. 28, 2017
Third-quarter earnings season is in full swing, bringing some upside and downside surprises for our Model Portfolio holdings.

EEI Conference Preview: Electricity Markets and the War for Coal

By Roger S. Conrad on Oct. 17, 2017
The Trump administration has clearly gone all-in on turning the supposed war on coal into a war for coal, but the outcome will depend on electric utilities and power companies. We'll focus on the risks and opportunities associated with government intervention when we attend the Edison Electric Institute's financial conference in November.

10/13/17: Selloff Creates Opportunity

By Roger S. Conrad on Oct. 13, 2017
The price is right after the recent selloff in big telecoms.

Rumble Down Under: The Battle over AGL Energy’s Liddell Power Plant

By Roger S. Conrad on Oct. 12, 2017
Rising electricity and natural-gas prices in Australia have padded AGL Energy's bottom line and contributed to tensions surrounding the company's long-standing plan to close the Liddell coal-fired power plant in 2022.

A Fistful of Buys, A Truckload of Sells

By Roger S. Conrad on Oct. 8, 2017
A record 67 of the 202 companies covered in our Utility Report Card rate a Sell. In some instances, these ratings reflect historically elevated valuations that give investors an opportunity to take profits before the inevitable reversion to the mean. Other Sell calls seek to help investors avoid genuinely weak companies at risk of a major blow-up. Fourteen of these stragglers appear on our Endangered Dividends List. Although many popular, large-capitalization utility stocks trade within a few percentage points of new all-time highs, the list of potential downside catalysts continues to grow. Utilities operating in Florida and on the Gulf Coast, for example, must deal with the aftermath of two of the most destructive hurricanes on record, increasing the risk that their response could fall short of customers and regulators’ expectations. (See Utilities and Hurricanes: Responding to Harvey and Irma.) Concerns about rising interest rates could also provide an excuse to take profits, while the Trump administration has sought to intervene in highly competitive wholesale-electricity markets. Since the September issue of Conrad’s Utility Investor hit the web, Utilities Select Sector SPDR (NYSE: XLU) has lagged the S&P 500 by 6.5 percentage points—a degree of underperformance that could portend further weakness for the sector. On the other hand, the market can remain irrational much longer than investors expect. Moreover, all signs point to a strong earnings season for many of the companies in our Utility Report Card. And buying opportunities still exist at this stage in the cycle. Company-specific developments have prompted us to raise our buy targets on several Portfolio holdings, including this month’s aggressive spotlight. The feature article also identifies which names would benefit from the Trump administration’s proposed intervention in wholesale power markets.

Politics vs Economics: Wholesale Changes?

By Roger S. Conrad on Oct. 8, 2017
The Trump administration has pushed several policies that could shake up domestic electricity markets. Of these initiatives, the Dept of Energy’s proposed subsidies for merchant coal-fired power plants and nuclear reactors would radically change the existing market dynamics. We evaluate the investment risks and opportunities created by these shifts.

A Handful of Upgrades

By Roger S. Conrad on Oct. 8, 2017
Company-specific developments warrant higher buy targets for a trio of our Portfolio holdings.

A Transformative Deal Ignites Growth

By Roger S. Conrad on Oct. 7, 2017
A blockbuster acquisition could put this European water and environmental services company on the path to dividend growth.

A Large-Cap Utility with Multiple Growth Drivers

By Roger S. Conrad on Oct. 7, 2017
This large-cap utility offers exposure to multiple upside drivers and trades at a reasonable valuation.

Unhappy Returns

By Roger S. Conrad on Oct. 7, 2017
Although third-quarter earnings season hasn't hit yet, recent developments have landed four companies on the Endangered Dividends List. The latest additions include two former members that had escaped after slashing their payouts.

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