• Twitter
Generic selectors
Exact matches only
Search in title
Search in content

Executive Summary

Beating the Averages and Positioned for Big Gains

By Roger S. Conrad on Jul. 5, 2021

America’s electric utilities are on track for a 10th consecutive year of record capital spending in 2021, according to numbers compiled by the Edison Electric Institute.

That’s closely followed by the $70 billion plus the country’s five largest communications companies plan to spend this year, rolling out 5G wireless and expanding fiber broadband connections. And while pipeline construction remains highly contentious in many places, spending on gas and water systems also remains at elevated levels.

Utilities’ basic formula for shareholder returns is rate based spending consistently boosts earnings and dividends, provided there’s low cost capital and support from regulators. As my analysis in Utility Report Card comments will attest, the majority of companies are currently in a very sweet spot on both counts. And that’s even without any help from the hundreds of billions of dollars headed their way from federal direct spending and tax credits.

 

Conrad's Utility Investor

Invest Smarter! Join Conrad’s Utility Investor!

What sets renowned income-investing expert Roger Conrad apart from the pretenders? His more than two decades of covering utility stocks and essential services—a wealth of knowledge and experience that you can’t find anywhere else.   

Smart investing. Taking advantage of real opportunities and not fads (and knowing the difference). Finding the companies and stocks that will deliver for the long haul, so investing lets you live instead of investing turning into your life. Roger Conrad has dedicated his career to these principles—and that’s what Conrad's Utility Investor delivers.

Subscribe today for instant access to a treasure trove of investment insight and knowledge, as well as Roger’s exclusive model Portfolios and ratings of more than 200 essential services.

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