Bank of America sees yet another tailwind for utilities: The sector is a way to play falling interest rates.
To that end, CNBC Pro used FactSet data to screen the S & P 1500 utilities sector, looking for companies that meet the following criteria.
A total return – the stock price plus the value of reinvested dividends – of at least 10% in 2024.
The stock offers a dividend yield of 3.0% and has a 2024 total return of nearly 23%.
Year to date, the stock has a total return of nearly 38%, and it offers a dividend yield of 2.5%.
Persons:
Savita Subramanian, Garrick Rochow, Morgan Stanley, David Arcaro, Diego's, —, Fred Imbert
Organizations:
Constellation Energy, NRG Energy, Mizuho Securities, Bank of America, Utilities, Real, CNBC Pro, Street, CMS Energy, Consumers Energy, CMS, NextEra, Management, Google, CNBC, PPL
Locations:
Jackson, Michigan, , Florida, 1Q24, Allentown, Penn