PGIM Jennison Utility Fund Q4 2025 Commentary

PGIM Investments43 FollowersFollow5ShareSaveCommentsSummaryUtility stocks performed strongly for the whole year and more in-line with the broad U.S. equity indices.The PGIM Jennison Utility Fund modestly underperformed the -1.4% return of the S&P 500 Utilities Index over the fourth quarter.NextEra Energy raised their long-term EPS growth guidance from 6-8% to 8%+ effectively through 2035 serving as a strong indication of the opportunity-rich growth environment.PG&E announced a 100% dividend increase resulting in a 1.3% dividend yield.The U.S. power & utility industry's multi-year outlook for revenue and earnings growth is more promising today than at any time during the past 30 years. utah778/iStock via Getty Images Market Review Overall, U.S. utility stocks were negative in 4Q25 and underperformed the broad U.S. equity indices. Notably, utility stocks performed strongly for the whole year and more in-line with the broad U.S. equity indices. After experiencing a relatively weaker quarter inThis article was written byPGIM Investments43 FollowersFollowPGIM Investments, a subsidiary of PFI, is an investment adviser and the investment manager to all PGIM US open-end investment companies and manager or administrator to closed-end investment companies. Note: This account is not managed or monitored by PGIM Investments, and any messages sent via Seeking Alpha will not receive a response. For inquiries or communication, please use PGIM Investments' official channels.