The recent run for the Utilities sector has been nothing short of spectacular. With risk-free rates at historically low levels, investors can’t get enough of high-dividend paying stocks like Utilities names. But when investors rush in and earnings don’t grow, valuations get elevated. At this point, it’s worth highlighting that the S&P 500 Utilities sector has a higher trailing 12-month P/E ratio than the Technology sector! For actionable market analysis, start a 14-day free trial to Bespoke’s premium research today!