S&P 500 Utility Stocks Offer Buying Opportunity with Yields Over 5%

S&P 500 utility stocks now have yields over 5%, presenting a buying opportunity as their valuations are discounted.

Analysts see upside potential in high yielding utilities as they are undervalued compared to historical norms.

Utilities offer stable dividends, earnings growth, and total returns on par with the S&P 500 over the long-term.

Some very high yields may be unsustainable, so avoid chasing only the highest yields blindly.

Morningstar's top picks are ETR, NI, and DUK for their growth prospects combined with solid dividends.