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How the Top Rallied Utilities of 2018 Are Currently Valued

Vincent Kruger
How the Top Rallied Utilities of 2018 Are Currently Valued

Let’s take a look at the valuations of some of the top-rallying utility stocks in 2018. AES Corporation (AES), one of the smallest constituents of the Utilities Select Sector SPDR ETF (XLU), has surged more than 38% so far this year, beating its peers by a huge margin. AES is currently trading at a forward PE multiple of 11.5x based on its estimated EPS for 2019.