Four Favorite Utilities from Dow Theory Forecasts

Four Favorite Utilities from Dow Theory Forecasts

Utilities appeal to investors as a source of diversification and a steady stream of dividend payments, observes Richard Moroney, growth and income expert and editor of Dow Theory Forecasts.

Also encouraging, the U.S. Energy Information Administration expects retail sales of electricity to climb 2.3% in 2021 and 1.4% in 2022 after falling 3.9% last year, a development that bodes well for the sector’s sales and profit growth. In the following paragraphs, we review our favorite utility stocks from four different industries:

Among diversified utilties, MDU Resources (MDU) complements its traditional natural gas (15% of sales for the 12 months ended March) and electric (6%) utilities with a pipeline business (2%) and construction-materials (39%) and construction-services (37%) operations.