6 A-Rated Utilities Stocks You Won’t Regret

InvestorPlace2023-12-07

Meet Louis Navellier Enel Chile (ENIC): The company gives you exposure in Chile, where Enel Chile has more than 2 million customers. Consolidated Water Co. (CWCO): Its holdings include water ...

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(CWCO): Its holdings include water ...</p>\n\n<a href=\"https://investorplace.com/market360/2023/12/6-a-rated-utilities-stocks-you-wont-regret/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"VST","symbol_name":"Vistra Energy Corp.","start_time":0,"source_url":"https://investorplace.com/market360/2023/12/6-a-rated-utilities-stocks-you-wont-regret/","article_id":"2389047030","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2389047030","pubTimestamp":1701949500,"sourceInfo":{"source_id":"investorplace_stock_picks","name":"InvestorPlace stock picks"},"weMediaInfo":null,"summary":"Even when the market is uncertain and energy prices are depressed, these utilities stocks brought in great returns and many pay a dividend.","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"VST":"Vistra Energy Corp.","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","SGU":"星辰天然气","BK4172":"水公用事业","ENIC":"Enersis Chile S.A.","GNE":"Genie Energy Ltd Cl B","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","BK4563":"昨日强势股","BK4105":"独立电力生产商与能源贸易商","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","BK4197":"燃气公用事业","CWCO":"Consolidated Water Co Ltd","EDN":"阿根廷北方电力公司","BK4081":"电力公用事业"},"translate_title":"你不会后悔的6只A级公用事业股票","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CWCO":1,"EDN":1,"ENIC":1,"GNE":1,"SGU":1,"VST":1},"content_text":"Meet Louis Navellier\t\t\n\n\n\n\n\nEnel Chile (ENIC): The company gives you exposure in Chile, where Enel Chile has more than 2 million customers.\nConsolidated Water Co. (CWCO): Its holdings include water plants and solar projects in the Cayman Islands, the Bahamas and the British Virgin Islands. \nGenie Energy (GNE): The New Jersey company focuses on getting customers in deregulated markets in the U.S.\nKeep reading for more A-rated utility stocks you won’t regret!\n \n\n\n\n \n\nSource: Shutterstock\n\n\n\nI appreciate any investor who’s wise enough to hedge their bets. While jumping into the fray with tech stocks, artificial intelligence and the latest fad can be a smart way to make money, it’s also important to diversify your portfolio with some safer, income-generating plays like utilities stocks.\nUtilities stocks may not give you the massive returns of tech stocks in 2023, but they’re much safer investments. Utility companies provide electricity, water and gas that are necessary for people’s daily lives. That makes them recession-proof, particularly when the market takes a turn for the worse.\nAnd more often than not, utilities stocks can provide the added benefit of a solid dividend yield. Many utility stocks have a long history of paying dividends thanks to the consistent profits that the companies make. \nDividends are great for both retired investors who need that money for regular expenses, and for younger investors who will reinvest their payouts back into their portfolios.\nToday we’re using the Portfolio Grader to identify A-rated utilities stocks. The Portfolio Grader ranks all stocks based on earnings performance, revenue growth, dividend yield, momentum, analyst sentiment and more.\nIf you’re looking for safe utilities stocks, it makes perfect sense to choose those that have an “A” rating like these names.\nEnel Chile (ENIC)\nSource: Pand P Studio / Shutterstock.com\nEnel Chile (NYSE:ENIC) is the major power company in Chile. It has over 2 million customers spread over 33 municipalities. Roughly 77% of the power it generates comes from renewable sources, and the company plans to reach a goal of zero emissions by 2040.\nThe company has solar, wind, geothermal, hydroelectric and thermoelectric plants.\nIt’s also broadly diversified. Enel Chie owns 93.5% of the Generacion Chile company, 99% of the Enil Distribucion Chile company, and all the Enil Green Power Chile and Enel X Chile companies.\nNet income for the third quarter was up 84% from a year ago, although operating revenues in the Generation business were down 1.1% because of lower gas sales and revenues in the Commercialization segment were down 20% from a year ago.\nDespite those headwinds, ENIC stock is up 48% this year and pays a dividend yield of 0f 10.5%. And performance should improve as gas prices rise. ENIC gets an “A” rating in the Portfolio Grader.\nConsolidated Water Co. (CWCO)\nSource: Sambulov Yevgeniy/ShutterStock.com\nConsolidated Water (NASDAQ:CWCO) operates water supply and treatment facilities in the U.S. and the Caribbean. It designs, engineers and manufactures equipment for commercial and municipal water production, supply and treatment.\nIts holdings include water plants and solar projects in the Cayman Islands, the Bahamas and the British Virgin Islands. \nIts Perc Water subsidiary designs, builds, operates and manages water infrastructure projects throughout the United States. Projects include a contract to build a desalination plant in Hawaii, as water treatment plant in Arizona, and a wastewater treatment plant at Edwards Air Force Base in California.\nRevenue in the third quarter was $49.9 million, up 99% from a year ago. Services revenue was $29.4 million, an increase of 237% from the same quarter a year ago.\nCWCO stock is up 150% this year and also provides a dividend yield of 1%. It gets an “A” rating in the Portfolio Grader.\nGenie Energy (GNE)\nSource: Shutterstock\nGenie Energy (NYSE:GNE) is a New Jersey-based utility company that provides natural gas and electricity, focusing on deregulated markets in the U.S.\nThe company works with commercial companies and community solar developers to plan, finance and build solar projects.\nThe company operates in 18 states and the District of Columbia, providing roughly 5% of total U.S. electric generation with 155 gigawatts of installed capacity.\nEarnings in the third quarter were up 53.8% to $125 million, although profits were down 4.8% and margins dropped from 53.1% to 32.9% thanks to lower energy costs in 2023.\nHowever, that didn’t hurt the stock price, which is up 129% in 2023. GNE also provides a dividend yield of 1.3%. It gets an “A” rating in the Portfolio Grader.\nEmpresa Distribuidora y Comercializadora Norte Sociedad Anónima (EDN)\nSource: ESB Professional / Shutterstock.com\nEmpresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN), also known as Edenor, is Argentina’s largest electricity distribution company. The company has over 3.26 million customers and distributes about 20% of the company’s energy.\nIt also has an exclusive contract to supply power to the northwestern zone of the greater Buenos Aires metropolitan area.\nThe political situation in Argentina is worth watching. The country has increasing poverty and triple-digit inflation, a combination that prompted an angry electorate to select a right-wing libertarian candidate, Javier Milei, as its new president.\nMilei has promised to shut down the country’s central bank, shift the economy from the peso to the U.S. dollar, and cut spending dramatically.\nIt’s unclear what that will mean for EDN stock, but Edenor is up 115% in 2023, including a jump of 63% since election day.\nEDN doesn’t pay out a dividend, but it still gets an “A” rating in the Portfolio Grader.\nStar Group (SGU)\nSource: zhengzaishuru / Shutterstock.com\nConnecticut-based Star Group (NYSE:SGU) provides oil, propane and HVAC services to residential customers. Its customers get home heating oil and propane deliveries rather than being hooked up to a municipal utility.\nStar Group operates in the District of Columbia and Connecticut, Delaware, Rhode Island, Maryland, West Virginia, Pennsylvania, Virginia, New Jersey, New York and Michigan.\nAs a limited partnership, investors are unitholders and must report gains or losses on their federal tax returns. Star Group also pays a quarterly dividend with a more-than 4% yield.\nEarnings in the third quarter were depressed as oil prices were lower than in 2022. Revenue of $300.1 million was down 31.7% from a year ago, and the volume of home heating oil and propane dropped 26.2% from a year ago because of warmer weather and customer attrition.\nThat resulted in a net loss in the quarter of $22.9 million, an increase of $11.8 million in losses from last year.\nAll that may sound rough, as energy prices in 2022 were very high and any comparison to 2023 would be a tough matchup. But SGU stock is still up 6% this year. That’s what I call a good defensive stock.\nVistra Corp (VST)\nSource: Konektus Photo / Shutterstock.com\nVistra (NYSE:VST) is a Texas energy company with a broad portfolio of brands including Luminant, U.S. Gas & Electric, Ambit Energy, Homefield Energy, TXU Energy and Dynegy.\nIt has a large footprint in Texas, with operations also in California, Michigan, Kentucky, Illinois, Indiana, Ohio, West Virginia, Virginia and the Northeast. The company has over 4 million retail customers and generates enough electricity to power 20 million homes through solar, energy storage and nuclear projects.\nThe company recorded net income in the third quarter of $502 million, down from $678 million in the same quarter a year ago. But Vistra could still increase its full-year 2023 guidance to a range of $3.95 million and $4.1 million. Guidance for 2024 calls for a range of $3.7 million and $4.1 million for the full year.\nBut VST stock continues to be a solid winner, up 61% this year and with a dividend yield of more than 2%. Vistra gets an “A” rating in the Portfolio Grader.\nOn the date of publication, Louis Navellier had long positions in ENIC and CWCO. Louis Navellier did not have (either directly or indirectly) any other positions in the securities mentioned in this article.\nThe InvestorPlace Research Staff member primarily responsible for this article did not hold (either directly or indirectly) any positions in the securities mentioned in this article.\nEnergy, Natural Gas, Oil, Utility, Renewable Energy, Water\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSubmit\n\n\n\n\n\n\n\n Louis Navellier\nEditor, Market 360\n\n\nMeet Louis Navellier\nLouis Navellier is one of Wall Street’s renowned growth investors. Providing investment advice to tens of thousands of investors for more than three decades, he has earned a reputation as a savvy stock picker and unrivaled portfolio manager.\n\n\n\t\t\t\tLearn more about Louis\t\t\t\n\n\n\n\n\nArticle printed from InvestorPlace Media, https://investorplace.com/market360/2023/12/6-a-rated-utilities-stocks-you-wont-regret/.\n©2023 InvestorPlace Media, LLC","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2389047030"}