Four utilities stocks to energize your portfolio

Growth opportunities in a stable sector.

Vikram Barhat 30 September, 2015 | 5:00PM

Regardless of the state of the economy, consumers need the products supplied by utility companies. For that reason, utilities tend to be relatively insulated from economic weakness.

However, even though utilities are known for their defensive characteristics, they also outperform the broader market at times. In fact, they were one of the top-performing sectors in 2014. As a group, Canadian utility stocks had a total return of more than 16% last year, while their U.S. counterparts gained about 24%.

But since the start of 2015, utility stocks as a group have given back much of these gains. This pullback has created some attractive buying opportunities in selected stocks, according to Morningstar equity research:

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Duke Energy Corp84.32 USD0.78
Fortis Inc54.20 CAD0.61
Southern Co54.86 USD1.24

About Author

Vikram Barhat

Vikram Barhat  Vikram Barhat is a freelance writer.

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