5 Defensive Utility Dividend Stocks With Increasing Institutional Buying
We're following the big money trail again this week, with an eye toward defensive dividend stocks, which leads us to Utilities. The Utility sector is up over 4% for the past 3 months, second only to the Healthcare sector, which is up nearly 7%. We found 5 dividend paying stocks in the Utilities sector, with increasing institutional buying, ROE over 5%, and positive EPS growth this year and projected for next year, among other metrics.
Hawaiian Electric (HE): Is in the electric utility and banking businesses, mainly in Hawaii. Strange mix, eh?
Artesian Resources (ARTNA): Provides water, wastewater, and engineering services in Delaware, Maryland, and PA.
OGE Energy (OGE): Offers delivery of and services for electricity and natural gas, including company-owned gas pipelines, in the southwestern US.
Vectren (VVC): Does natural gas transport and distribution, electric generation and distribution, in addition to coal mining and sales.
Brookfield Infrastructure (BIP): It's.... Read more