3 Top Utility Stocks to Buy in January
2019 was a stupendous year for the markets overall, with stocks in "boring" sectors like utilities also joining the rally. The Dow Jones Utility Index, which measures the performances of the 15 largest utility stocks listed in the U.S., rose a solid 23% in 2019. Strong earnings growth was a key driving factor for the sector, even as investors wary of the growing global geopolitical and economic concerns dipped their fingers into dividend-paying defensive utility stocks.
2020 could be another good year for utilities, but if you really want to buy some utility stocks now, you need to look beyond one year and find companies that are positioning themselves for growth in the years to come. Consolidated Edison (NYSE: ED), Dominion Energy (NYSE: D), and Xcel Energy (NASDAQ: XEL) are three such attractive utility stocks.
There's one common link -- or, rather, a growth driver -- among these utilities: investments in clean and renewable energy.
Source Fool.com
