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Summary: A rising interest rate environment is rarely good news for the rate-sensitive utilities sector, yet there are transformational changes on the horizon which should boost electric utilities going forward and override the negative impact of higher rates.
Stocks of utility companies have had a rough couple of years, with the Utilities ETF (XLU) lagging the S&P 500 ETF (SPY) by almost 37% over that period. Meanwhile, the street’s current stance appears to be mixed. Moody’s just downgr...

 

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