Income Insights
What to Make of Takeover Tuesday
By
Roger S. Conrad on
May. 28, 2024
There was an explosion of takeover activity in the Utility Report Card coverage universe today. Here’s a look at four deals announced today and what they mean for us.
The Rest of Portfolio Q1 Earnings: What You Need to Know
By
Roger S. Conrad on
May. 11, 2024
Yesterday, I posted the May issue of Conrad’s Utility Investor, highlighting what’s important from Q1 results and guidance updates for 29 Portfolio recommendations. Since then, seven more of top picks have released results.
Dominion Makes a Deal
By
Roger S. Conrad on
Feb. 23, 2024
Since the February issue of CUI posted, 15 more Portfolio recommendations have released calendar Q4 earnings and updated guidance. And none so far have been as potentially consequential as Dominion Energy’s (NYSE: D).
Ignore Utilities’ Slow Start: Earnings and Guidance Point to a Fantastic Finish for 2024
By
Roger S. Conrad on
Jan. 27, 2024
In the January CUI, I highlighted the dramatic drop in utility borrowing costs starting mid-October as a major catalyst for sector growth in 2024. Since then, we’ve seen investor concerns intensify that the Federal Reserve will delay reducing the benchmark Fed Funds rate until at least late summer.
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.
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.
Regarding NextEra
By
Roger S. Conrad on
Oct. 5, 2023
A little over a week ago, NextEra Energy (NYSE: NEE) announced it would postpone a planned “drop down” or sale of assets to its affiliate NextEra Energy Partners (NYSE: NEP). Not surprisingly, I’ve answered quite a few emails over the past week ranging from whether both are headed to oblivion to whether it’s time to “double down” on the family.
America Going Electric: Dollars and Sense
By
Roger S. Conrad on
Sep. 26, 2023
The surest, biggest beneficiaries of California’s drive to Net Zero are utilities, with investment increasing earnings and dividends. And as the state’s largest pure electric company, Edison International (NYSE: EIX) has the clearest path.
Why Utilities Could Get a Post-Storm Season Boost
By
Roger S. Conrad on
Aug. 31, 2023
Historically, the best storm season outcome for utility investors has been a lack of catastrophic events, when service outages are relatively contained and quickly resolved. And most important, when the work is done and power restored, customers, regulators and politicians are generally satisfied with management’s response.
Hawaiian Electric: Wildfire Survivor But More Pain Likely
By
Roger S. Conrad on
Aug. 24, 2023
Just weeks after earning an upgrade to A- from credit rater Fitch and reporting solid Q2 results, Hawaiian Electric's (NYSE: HE) stock has dropped by more than two thirds. The reason: A devastating wildfire on the island of Maui August 8, which whipped up by hurricane winds reduced the town of Lahaina to rubble, killed over 100 people and left thousands homeless.
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