EVRG - My Top Four Utility Picks For 2024

2024-01-27 09:00:00 ET

Summary

• Utilities have underperformed the market, creating a buying opportunity for investors.
• There is an even greater discount for individual stocks when compared to the utility ETF XLU.
• Even as the utility sector has underperformed there might still be more downside before we can say there is a compelling entry point.
• Two of the utilities are at a compelling buying point.
• One of the four companies has a significant amount of downside before it would become attractive enough to buy.

Utilities have underperformed the broader market over the last six months by a substantial margin. There are a number of factors that play into this and I believe this has created a temporary but meaningful buying opportunity to get some of the best and most reliable dividend payers on the market added to your portfolio. If you already own any of these companies you will know that the price they are currently available at is something that hasn't been seen in nearly a decade or longer....

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