Last year was one of the worst for stock markets in more than a decade. The three major U.S. indexes — the S & P 500 , the Dow Jones Industrial Average and the Nasdaq Composite — all clocked their worst year since 2008 . The MSCI World Index fared no better, also ending the year with its worst performance since 2008.
The sector ended the year down 3.6%, making it the second-best performer among the 11 major sectors on the index. It also enjoys the second-highest dividend yield, according to FactSet data. Germany's RWE and Enel Chile were among the utility names that made CNBC's screen, with a historical beta of 0.8 and 0.2 respectively. Shares of RWE returned 16.4% in 2022, but analysts expect further upside of 25.8%. Enel Chile had a standout year, with the stock returning 30.
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