DTB - Avista: Good Dividend And Growth But High Valuation

• Avista is a regulated utility operating in the Pacific Northwest that is poised to grow its earnings at a 5% CAGR over the next few years.
• Utility stocks are popular among more conservative investors because of the combination of high dividends and stability.
• Electric utilities have increased in popularity due to electrification but the EIA thinks that may not prove as a major trend as some think.
• The company's current 4.19% yield appears reasonably sustainable.
• The company appears to be slightly overvalued compared to some of its peers.

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