The utilities sector is up 20% in 2024. Analysts love these dividend-paying names

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The utilities sector is up 20% in 2024. Analysts love these dividend-paying names
PPL CorpNextera Energy IncCMS Energy Corp
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Utilities are outpacing technology in 2024, benefiting from their role in the expansion of artificial intelligence and a growing need for electrical power.

Utilities, a favorite of retirees for their dividends, have emerged as the top performing sector in the S & P 500 in 2024 – and a few names are among the favorites on Wall Street. The sector, which includes companies such as Constellation Energy and NRG Energy , has surged 20% in 2024 as investors chase names that are tied to powering the data centers behind artificial intelligence.

Money market funds hit another record high — but experts warn it's time to move out of cash. Where they see opportunity

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PPL Corp Nextera Energy Inc CMS Energy Corp NRG Energy Inc Constellation Energy Corp S&P 500 Index Business News

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