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.
The history of US electric, natural gas, communications and water utilities is synonymous with mergers and acquisitions. Over the 120 years or so since these services began to be essential to modern life, there have been literally thousands of mergers between operating utilities. And not one has failed to eventually create a financially stronger, more efficient and resilient company.
Is the Federal Reserve about to wrap up this tightening cycle? Many investors appear to be betting on it, with the Nasdaq 100 up almost 20 percent year-to-date.
Tech is the 21st century’s most interest rate-sensitive sector because stocks trade on the promise of future cash flows. But traditional income stocks too enjoyed a big rebound last month: After being deep in the red, the Dow Jones Utility Average is now solidly in the black. And a substantial majority of stocks in my Utility Report Card had a positive Q1, while adding to gains so far in April.
In late January, NextEra Energy Partners (NYSE: NEP) management extended guidance for 12 to 15 percent dividend growth through calendar year 2026. That’s off a current yield of nearly 5.3 percent, implying an end of period payout on the current price of between 8.3 and 9.2 percent.
Between mid-2020 and summer 2022, shares of Aggressive Holding National Fuel Gas (NYSE: NFG) roughly doubled—for a time exceeding my “consider taking profits” level. They’ve since retreated about -25 percent and are positioned to make another run.
All in all, it was a pretty flat Q1. The Dow Jones Utility Average finished lower by about -2 percent, including dividends. And that was a mark all three of our model portfolios were able to top: On average, Aggressive Holdings were up 3.06 percent, Conservative Holdings slipped -0.79 percent and Top 10 DRIPs retreated -0.96 percent.
The growth formula for regulated utilities hasn’t changed this year: Electric, gas and water companies identify what needs fresh investment—to bring on new business and residential customers, increase efficiency, improve safety and environmental remediation and/or build new facilities and assets to accommodate higher volumes.
Roger's favorite utilities for investors seeking superior price appreciation by taking calculated risks.
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Warning: Falling Dividends.
Roger's current take and vital statistics on more than 200 essential-services stocks.