2 No-Brainer High Yield Utility Stocks to Buy Right Now
Stocks in the utility sector are known for providing investors with income and restful nights because of the regulated nature of the industry. But there's a change coming on the demand side of utilities that will help boost growth in what has long been a sleepy industry.
Here's why you might want to buy high-yield utility stocks like Dominion Energy (NYSE: D) and Black Hills (NYSE: BKH) right now.
In 2021, the Energy Information Administration put out a report saying it expected energy demand to increase by 22% between 2020 and 2040. That's a huge increase from the 9% growth in electricity demand experienced between 2000 and 2020. That 20-year estimate was raised again in 2024, jumping to 38% growth. And in 2025, the estimate rose again, to 55% growth.
Source Fool.com
