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The utility sector consists of companies that provide water, electricity, and natural gas services. While other industries were negatively affected by the COVID-19 pandemic last year, the utility sector was stable because the demand for these services was unchanged.
Considering the current market volatility, which is in large measure due to the resurgence of COVID-19 cases and high inflation, investing in the utility sector could be beneficial now. Also, President Biden’s recently passed $1 trillion infrastructure bill is expected to boost the utility industry’s growth in the coming years. Therefore, we think both BIPC and DTE should benefit.
