Dividends4Life: 5 Utility Stocks to Buy for an Extra Durable Portfolio

Utility stocks were supposed to be yesterday’s favorite investment. The theory regarding utility stocks was simple: Robust economic growth coupled with a full labor market was supposed to spark rising inflation. The Fed was supposed to fight rising inflation with rate hikes. Fixed income yields were supposed to rise. Utility stocks, which were long viewed as bond substitutes in an era of ultra-low interest rates, were supposed to fall. But that theory hasn’t fully materialized into reality. The result? Utility stocks haven’t lost their shine. Here’s a list of five stocks that I think are worth a look:

Considered one of the industry’s heavyweights, American Electric Power (NYSE:AEP) is a massive electric utility company that delivers electricity to more than 5 million customers across eleven states. Another one of the industry’s heavyweights is Sempra Energy (NYSE:SRE). Next up is electric power and gas utility giant Duke Energy (NYSE:DUK). Although electricity and power are very important utilities, another utility of equal importance is water, and that is where American Water Works Company (NYSE:AWK) comes into the picture. Perhaps the utility stock with the most long-term earnings-growth potential on this list is NextEra Energy (NYSE:NEE).

Source: InvestorPlace

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