How Utility Stocks Have Kept Their Spark

Rising interest rates and inflation are typically a circuit breaker for richly valued utility stocks, but these are unusual times.

The sector is the second-best performing one in the U.S. behind energy year to date, trouncing the S&P 500 by 15 percentage points through Friday. That leaves utility stocks trading at almost 20 times forward 12-month earnings on average—close to an all-time high and nearly a fifth richer than the S&P 500. The last time utilities fetched such…

>>>read full article here<<<