2 No-Brainer High-Yield Utility Investments to Buy Right Now
Portfolio Pulse from
The utility sector has seen a strong rally in 2024, with average yields dropping from 3.6% to 2.8%. Despite this, utility stocks still offer better yields than the S&P 500 index, which stands at 1.2%.
November 30, 2024 | 11:15 pm
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POSITIVE IMPACT
Brookfield Renewable Partners (BEP) is likely to benefit from the strong rally in the utility sector, which has seen yields decrease but still remain attractive compared to the S&P 500.
BEP, as a utility company, is directly impacted by the sector's performance. The rally in utility stocks suggests positive investor sentiment, which could lead to a short-term price increase for BEP.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80