3 Top Utility Stocks to Buy in November

Utilities are generally income-oriented investments favored by conservative investors. Rising interest rates have made income-generating alternatives such as CDs increasingly competitive, which has in turn driven down utility stock prices -- pushing their yields up and keeping them competitive as investments.

If you are willing to take on the extra risk of owning stocks, given the potential benefit of dividend growth, now could be a great time to consider utility stocks like Black Hills (NYSE: BKH), NextEra Energy (NYSE: NEE), and Brookfield Renewable (NYSE: BEP) (NYSE: BEPC). Here's why these three stocks are great buys in November.

Of the three companies under consideration here, Black Hills is by far the simplest. It operates natural gas and electric operations in eight states, serving around 1.3 million customers. By utility standards, it isn't particularly large, with a market cap of around $3.2 billion. But what it lacks in scale, it makes up for in reliability: It is a Dividend King with 53 consecutive years of annual dividend increases under its belt.

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Source Fool.com