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August 8, 2016

Have utility stocks gotten too expensive?

  • Utilities year-to-date are up 24 percent. The decline in bond yields has allowed the bond-like characteristics of utilities to rally throughout 2016.
    • By SARAH SKIDMORE SELL
    AP Business Writer

    If utility stocks had a motto, it might be “Boring is better.”

    Traditionally, investors have seen utility stocks as reliable, even conservative investments because they deliver high dividends and have a relatively stable business model. With bonds yields still near historic lows, investors hungry for income have been piling into utility stocks, sending their prices higher. Now some are asking if the sector has become too expensive.


     
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