• Twitter
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
  • 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

Ignore the Headlines: AT&T is Still on Track

By Roger S. Conrad on Jul. 25, 2019

Barron's is piling on with an article concerning AT&T Inc’s (NYSE: T) loss of DirectTV subscribers, following up on a cover story critiquing the telecom giant's acquisition of Time Warner last year. Investors, however, saw the situation quite differently, pushing the stock to solid gains on earnings day, despite media mono-focus on the pay television unit.

Utility Stocks and The Fed: Time for a Reality Check

By Roger S. Conrad on Jul. 24, 2019

Wall Street consensus is the U.S. Federal Reserve will officially close the book on three-and-a-half years of monetary tightening next week, by cutting its benchmark Federal Funds interest rate. But our focus needs to be on earnings and guidance, not headlines.

California’s Wildfire Reset: Unequal Benefits

By Roger S. Conrad on Jul. 23, 2019

It seems California Governor Gavin Newsom will not preside over a utility collapse as former Governor Gray Davis did almost 20 years ago, thanks to a legislative fix to state utilities’ bottomless liability for wildfire damages.

What Kinder’s Earnings Mean for Midstream

By Roger S. Conrad on Jul. 22, 2019

Kinder Morgan Inc (NYSE: KMI) has kicked off earnings reporting season for the US energy midstream sector. The most noteworthy takeaway: No real surprises.

There’s Still Green to be Made When Valuations Flash Yellow

By Roger S. Conrad on Jul. 5, 2019

The Dow Jones Utility Average hit an all-time high in late June, backed off and is rallying again. The price-weighted index now sells for nearly 22 times trailing 12-months earnings and yields barely 3 percent.

The last time utilities yielded this little was just before the 2007-09 bear market. The only time since the early 1960s the P/E was this high was at the end of 2000, before a nearly 60 percent crash in the wake of Enron’s collapse.

Utility sector business fundamentals have rarely if ever been more secure. That’s the clear message from the break down of my five-part Quality Grade system, which I present in the Utility Report Card. The latest shot in the arm is a steep drop in essential service companies’ borrowing costs.

Kinder Morgan Inc: The Comeback Still Has Room to Run

By Roger S. Conrad on Jul. 5, 2019

It’s three and a half years since Kinder Morgan Inc (NYSE: KMI) shocked its investors with a 75 percent dividend cut. And it’s a fair bet many former shareholders are still steering clear. That’s a shame, given the stock’s nearly 40 percent return so far in 2019.

BCE Inc: Time to Pick Up Some of Canada’s Telecom King

By Roger S. Conrad on Jul. 5, 2019

Communications has been a tough business throughout North America for years. But Conservative Holding BCE Inc (TSX: BCE, NYSE: BCE) has consistently gained revenue and market share. The company today operates Canada’s Best in class network on the verge of 5-G adoption.

The Question is Value

By Roger S. Conrad on Jul. 5, 2019

No stock is a buy at any price. And even the best-run company can get so expensive that realizing additional upside becomes an almost impossible slog. That’s not been the case so far this bull market for the top players in the US utility sector. But if we’re not there yet, we’re getting very close to it.

Picks and Pans for Second Half 2019

By Roger S. Conrad on Jul. 5, 2019

So far, this has been a very good year to buy and hold utility stocks. The Dow Jones Utility Average including dividends returned 15.4 percent in the first half of the year. Our 2019 picks from the January article did even better with an 18 percent average total return. That beat our pans’ 6 percent return by a 3-to-1 margin.

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