I think the utility water companies such as WTR are a different play and from a different era--from a tribe, long, long ago. My father always had a couple of American water utilities perking (paying divis and steadily but undramatically rising in price) on the back burner. Almost always very big money makers over time. Just chart em against the S&P over an extended period
. And little if any volatility. And they're outside of the energy equation box which is the opposite of electrical and gas utilities. A tortoise of a different color.