Analyst Upgrades Utilities Stocks, Says Quality Names Like DTE Energy Are Undervalued After Selloff

Analyst raises ratings on several utilities stocks like CenterPoint, CMS Energy, and DTE Energy, citing attractive valuations after selloff.

Utilities sector has declined significantly recently due to spike in interest rates.

Analyst advises focusing on "higher quality names" in utilities which can be picked up at historically low valuations.

DTE Energy and FirstEnergy have highest dividend yields in analyst's overweight-rated utilities stocks.

Entergy Corp. and FirstEnergy Corp. are most undervalued relative to sector based on valuation multiples.