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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

California’s Fire Deal: A Lifeline With Conditions

By Roger S. Conrad on Sep. 2, 2018
Last year’s devastating northern California wildfires won’t bankrupt the state’s largest utility, nor will future natural disasters permanently damage other in-state electric and gas providers. Here's why.

Post-Rumble Australia is Still Worth Our Money

By Roger S. Conrad on Aug. 28, 2018
Political upheaval has pushed the Australian dollar to its lowest point in two years as an energy crisis has rocked the country, but the best in class is still worth our investment dollars.

Seeking Dividend Champions: Don’t Settle for Less

By Roger S. Conrad on Aug. 21, 2018
This week, Barron’s “5 Dividend Standouts,” asserted that “finding stocks with both attractive yields and strong dividend growth isn’t easy.” But I take issue with the article’s implication that individual investors can’t find stocks with generous and growing dividends on their own when there are 8 rock-solid, buy-rated essential services stocks in our Conservative Income Portfolio right now, yielding an average of 6 percent.

Why Buy an Aging Bull?

By Roger S. Conrad on Aug. 15, 2018
With this bull market so long in the tooth and with so many potential ways for it to end, does it really make any sense to be thinking about buying stocks now? Here's why it pays to stick around.

Q2 Results All In: Here’s News to Use

By Roger S. Conrad on Aug. 14, 2018
All Conrad’s Utility Investor Portfolio companies have now reported calendar second quarter results and updated their guidance, and all but TerraForm Power (NSDQ: TERP) are highlighted in the August issue Utility Report Card.  

Safe, High and Growing Yields Are Still Available

By Roger S. Conrad on Aug. 11, 2018
When I started in this business, individual investors dominated daily trading. Now, even decisions by professional stock pickers are eclipsed by passively run pools of capital, governed by algorithms executed by artificial intelligence. The consensus seems to be this is simply the next phase of evolution. After all, computers trade at multiples the speed of ordinary humans and without the emotion that’s often the biggest failing of investors. The problem is capital governed by algorithm faces the same conundrum as do large funds run by managers: The larger the pool, the smaller the list of stocks available to trade without moving the market, no matter how sophisticated the programming. And that’s leaving aside the fact that many algorithms are written with similar objectives--i.e. to beat the S&P 500 and other benchmarks—and are therefore likely to take similar actions at the same time. We’ve yet to see passive investing strategies tested in a crisis. But we already know that over any meaningful period of years, pools of capital using passive strategies such as the Vanguard Target Retirement funds have dramatically underperformed market averages. We also know that price momentum created by passive strategies creates opportunities to buy lower and sell higher than in previous market cycles. Taking advantage does require knowing whether a fallen company is still strong on the inside, or if a high flyer has exceeded any reasonable gauge of value and is likely to take a tumble. But by following a disciplined strategy of seeking quality and waiting for the right price, we’re going to find many more opportunities like March Focus stock AES Corp (NYSE: AES), which has since returned upwards of 30 percent.

Return to Dividend Growth on Track

By Roger S. Conrad on Aug. 11, 2018
Back in February, Hannon Armstrong Sustainable Infrastructure (NYSE: HASI) announced it wouldn’t raise its dividend this year. We didn’t like the freeze but agreed with management’s desire to instead build coverage and fund growth, while absorbing the expense of converting then-hefty variable rate debt to fixed rates.

Big Yield, Steady Growth and a Currency Kicker

By Roger S. Conrad on Aug. 11, 2018
Conservative Holding Brookfield Renewable Partners L.P. (TSX: BEP-U, NYSE: BEP) is lower by about 11 percent in US dollar terms this year. That’s 11 percentage points worse than the Dow Jones Utility Average and 18 points behind the S&P 500. But Brookfield’s stumbling share price is a stark contrast to an underlying business that’s stronger than ever, underscored by a 6 percent plus dividend still on track for 5 to 8 percent long-term annual growth.

Portfolio: What’s Important From Q2 Earnings

By Roger S. Conrad on Aug. 11, 2018
Whether your primary investment objective is income, safety, capital growth or short-term gains, earnings reporting season is where the rubber meets the road. For traders, market reaction is what’s most important. For investors in our three Conrad’s Utility Investor model portfolios, it’s the actual numbers and guidance that determine whether companies are still on the right track, and therefore if we want to stick with them.

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