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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

Hunting High Quality Stocks at Dream Buy Prices

By Roger S. Conrad on Nov. 13, 2023

The Dow Jones Utility Average closed last week roughly -22 percent off the all-time high of 1077 reached in April 2022. The S&P Utilities is about as far below its all-time high from September last year. And both indexes have underperformed the S&P 500 by about 40 percentage points since making those highs. That’s pretty substantial underperformance. And the same is true for dividend-paying sectors across the board—Not much lately has beaten the humble money market fund.

SSE Will Cut, Vodafone at Risk

By Roger S. Conrad on Nov. 13, 2023

There were zero dividend cuts in the Utility Report Card coverage universe last month. Nor were there any negative Q3 surprises to push another company onto the Endangered Dividends List.

Dominion Energy (NYSE: D) is off this list this month. Management provided details during its Q3 earnings call that strongly back the integrity of the current dividend. The stock is a buy up to 65 and is my Conservative Focus.

Regulators: Still Supporting Utilities’ Growth Despite the Noise

By Roger S. Conrad on Nov. 13, 2023

This fall, utility stocks faced their worst selling pressure in years. That’s now eased up for one major reason: The much predicted and feared sector-wide earnings Armageddon never happened. Rather, Q3 results and guidance show plainly that companies are adapting successfully to everything from rising labor costs and pressure on customers’ finances to the likelihood of higher for longer interest rates.

No Q3 Earnings Armageddon for Utilities

By Roger S. Conrad on Nov. 5, 2023
Sellers were convinced higher for longer interest rates would undermine utility sector capital spending, and with it earnings and dividend growth, and priced stocks accordingly for a fall.But, so far at least, the fears of a sector-wide earnings Armageddon have proven to be wholly unfounded.  

The Orlando MoneyShow 2023 Presentations

By Roger S. Conrad on Nov. 2, 2023
Here are my slide presentations from the October 2023 Orlando MoneyShow, which I attended this past weekend with my colleague and long-time partner, Elliott Gue. I hope you'll find them both informative and useful.

Guidance vs Interest Rates: Score One for Utilities

By Roger S. Conrad on Oct. 25, 2023
Utility investors received some very good news yesterday when US wind and solar leader NextEra Energy (NYSE: NEE) released surprise-free Q3 results and updated guidance.

No on Dominion Tender Offer

By Roger S. Conrad on Oct. 21, 2023

Issue Erratum and an Update

By Roger S. Conrad on Oct. 11, 2023

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