It was an ugly year for utility stocks. The rapid rise in interest rates by the Federal Reserve caused a drag on utility earnings. Utility borrowing costs rise because they are capital-intensive and rely heavily upon debt financing. Utilities end up taking a hit on earnings. Also, income investors sour on utilities as bond rates look more attractive. That doesn’t mean there aren’t top utilities sector picks to consider. While last year was a bust, can 2024 be better? There are reasons to think so. The Fed w ...