With macroeconomic pressures weighing heavily on market sentiment, investors should play it (relatively) safe with utility stocks to buy. Fundamentally, these energy and resource service providers represent an indelible demand structure. No matter how advanced we become as a society, humans have basic needs that must be fulfilled. Moreover, utility stocks to buy essentially tie into monopolistic business structures. Unlike other sectors, the barrier to entry in this field is incredibly steep. Unless people at scale plan on living off grid, they must pay whatever company covers their area. In other words, the utilities enjoy a hostage audience. It’s awfully cynical but that’s the deal. So, below are seven utility stocks to buy.
These utility stocks to buy are permanently relevant. Duke Energy (DUK): Duke Energy benefits from migration trends. Dominion Energy (D): Dominion will also see migration-based tailwinds. Sempra Energy (SRE): Sempra enjoys a rich consumer base. York Water (YORW): York Water provides a steady investment. Otter Tail (OTTR): Otter Tail delivers strong margins. Genie Energy (GNE): Genie Energy carries zero debt. Energy Company of Minas Gerais (CIG): CIG offers a moonshot among utilities.
Source: InvestorPlace
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