The Utility segment generates, transmits, distributes, sells electric power, and operates a natural gas distribution business. Market cap as of March 28: $22.45 BillionĮntergy Corporation (NYSE:ETR) produces and distributes electricity in the US through its Utility and Entergy Wholesale Commodities segments. Headquartered in Minneapolis, Minnesota, the firm generates $11.5 billion in annual revenue and owns infrastructure that ranges from nuclear power plants to wind farms….( Click here to read the full text).” "Xcel Energy owns and operates four utilities serving 3.7 million electric customers and 2.1 million natural gas customers in eight states. (NASDAQ:XEL) in its Q1 2022 investor letter. (NASDAQ:XEL) is one of the best utility stocks to buy now.Īristotle Capital Management mentioned Xcel Energy Inc. Just like Exelon Corporation (NASDAQ:EXC), Duke Energy Corporation (NYSE:DUK), and American Water Works Company Inc. (NASDAQ:XEL), with 1.87 million shares worth $131.03 million. Echo Street Capital Management is a major shareholder of Xcel Energy. (NASDAQ:XEL) at the end of Q4 2022, compared to 27 funds in the prior quarter. Despite the decrease in target, Crowdell still sees Xcel Energy as one of the top ideas for 2023 because of its strong rate base growth and "robust" regulatory relationships.Īccording to Insider Monkey’s data, 28 hedge funds were long Xcel Energy Inc. (NASDAQ:XEL) to $72 from $75 but maintained a ‘Buy’ rating on the shares on March 17. Mizuho analyst Anthony Crowdell lowered the price target on Xcel Energy Inc. In addition, XEL has been paying dividends regularly and has enough liquidity to meet its near-term obligations. (NASDAQ:XEL) is considered a good utility stock to buy as it offers a forward dividend yield of 3.16% with 20 consecutive years of dividend increases and a manageable payout ratio of 57.6%. utility revenue is on track to hit $1.1 trillion by 2025 from $993 billion in 2020. The future looks promising for utility companies with the growing population and increasing economic activities. More than 962,650 people work in the U.S. Apart from supporting almost every critical infrastructure of the economy, the utility sector also employs many people. economy cannot function without the services of utility companies. Some of the best utility stocks to consider are Exelon Corporation (NASDAQ: EXC), Duke Energy Corporation (NYSE: DUK), and American Water Works Company Inc. Utilities tend to perform better than most sectors in economic downturns or recession. Utility stocks are known for their low price volatility and stable dividends. By the end of the year, the S&P 500 utility sector was down by just 0.5% for the year, compared to a 19% decline for the S&P 500 index. As we reported in October 2022, utility stocks were on track to strongly outperform the broader market in 2022. As a result, the utility sector is attractive to invest in. The utility stocks represent 2.88% of the market weight. This sector primarily consists of electric, natural gas, and water companies. equity market, boasting a collective market capitalization of $1.52 trillion. The utility sector is one of the largest sectors of the U.S. If you prefer to skip our detailed analysis of the utility sector, go directly to the 5 Best Utility Stocks To Buy Now. In this article, we discuss the 16 best utility stocks to buy now.
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