Utilities sector

[fenders53]

(03-13-2020, 12:03 PM)vbin Wrote:

(03-13-2020, 10:44 AM)fenders53 Wrote:

(03-13-2020, 08:57 AM)EricL Wrote: For those interested in water utilities, Essential Utilities, Inc. (WTRG) is trading 30% off 52-week highs and yield 2.5%.

This is the old Aqua America (WTR) that changed its name when it completed the acquisition of natural gas distributor Peoples.

Thanks for the heads up Eric.  I sold most of my UTEs at the beginning of this pullback.  This is a good entry for WTRG.  If the market will go a little red today I'll jump back in.  I like the yield better this time.

They might go red Monday. Lol

Trying to long-term invest here Debbie Downer.   I previously bought the stock way too high and saw the opportunity to roll it down a little when UTEs hung in there awhile.  WTRG has always been expensive.  IMO this is like getting MSFT for $120 in relative terms.  Dirt cheap, nope, great stock that's rarely on sale, yes it is.