Investors typically lean into utilities stocks because of the reliable dividend payouts.
On the whole, the artificial intelligence boom has been a gift to companies that generate electricity. Utility stocks have zoomed higher this year, with the XLU ETF advancing 16.8% year to date as of Dec. 5, in line with the broader S&P 500. It’s the fourth-best-performing sector this year, behind information technology, communication services and industrials.
Here are some utility stocks of various market capitalizations that are making notable moves.
This post originally appeared at U.S. News & World Report.