Doerr of Janney Montgomery Scott Picks California Water Service Group & Artesian Resources for Water Utilities

May 19, 2009

In our last issue, one of our special focuses was on Investing in Utilities. We spoke with analyst Heike Doerr of Janney Montgomery Scott, who told us which companies she was recommending in this space and why:

  • Calfornia Water Service Group (CWT)“This California utility has been the first to benefit from the state’s improving regulatory environment. The utility received a favorable rate increase in July 2008 that has been producing solid earnings, and the company has implemented favorable regulatory mechanisms that minimize the impact that purchased water costs and conservation efforts have on earnings.”
  • Artesian Resources (ARTNA)– “Artesian has done a good job of navigating the Delaware housing slowdown by expanding its regulated franchise into Maryland, growing its wastewater business, and increasing its non-regulated capabilities through a handful of small acquisitions during 2008.”

For the complete Investing in Utilities report, including a full interview with Ms. Doerr, as well as other analysts and top CEOS in this space, click here.