Travis Miller is an Energy and Utilities Strategist for Morningstar, Inc. Prior to joining Morningstar in 2007, Mr. Miller worked as a reporter at several Chicago-area newspapers, including the Daily Herald, Arlington Heights, Illinois.
He holds a bachelor’s degree in journalism from Northwestern University’s Medill School of Journalism and an MBA from the University of Chicago Booth School of Business, with concentrations in accounting and finance.
In this 2,326 word interview, exclusively with the Wall Street Transcript, Mr. Miller details his current outlook on the energy sector:
“…We do think there are a couple of good stocks available in the utility sector. We think renewable energy is also still a good place to invest for the long run. In the midstream space, there are still a lot of good value names out there as one considers the energy
landscape in the U.S right now…Another name that I like is…based in the U.S., with its biggest manufacturing facilities in Ohio. It has a unique technology that is different than the more common silicon-based panels.”
One interesting pick is a renewable energy play for a turnaround utility company:
“In the utility space, one of my top picks is Edison International (NYSE:EIX), which is the utility in Southern California that runs the electric system for just about all of Southern California outside of Los Angeles.
The fallout from wildfires across the state really hit the stock recently. Even though its service territory has not been all that impacted directly, it had to deal with the statewide ramifications following the PG&E (NYSE:PCG) situation.
It was required by state regulators to take on a lot more cost and invest a lot more money in wildfire safety. But at the same time, it was getting a lot of support from customers and from regulators to make these investments and to go beyond to strengthen the system, support electric vehicles and support California’s 100% renewable energy target.
We see exceptional growth available over the next four to five years for Edison. With the stock trading around a 4% yield right now, we think that combination of yield and growth is attractive.”
Get many more detailed energy sector investment ideas from Mr. Miller, exclusively in this 2,326 word interview in the Wall Street Transcript.
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