Because market volatility is expected to continue for at least the near term, utility stocks should attract great investor attention due to their stable nature. In addition, President Biden’s Infrastructure bill should help drive the sector’s growth. Therefore, we think Brookfield Infrastructure (NYSE:BIPC) and DTE Energy (DTE) should benefit. But which of these two stocks is a better buy now? Read more to find out.Brookfield Infrastructure Corporation (BIPC) owns and operates regulated natural gas transmission systems in Brazil. The New York City-based company also engages in regulated gas and electricity distribution operations in the United Kingdom. In comparison, DTE Energy Company (NYSE:DTE) in Detroit, Mich., participates in utility operations. The company operates in five segments: Electric; Gas; Gas Storage and Pipelines; Power and Industrial Projects; and Energy Trading.
The utility sector consists of companies that provide water, electricity, and natural gas services. While other industries were negatively affected by the COVID-19 pandemic last year, the utility sector was stable because the demand for these services was unchanged.
Considering the current market volatility, which is in large measure due to the resurgence of COVID-19 cases and high inflation, investing in the utility sector could be beneficial now. Also, President Biden’s recently passed $1 trillion infrastructure bill is expected to boost the utility industry's growth in the coming years. Therefore, we think both BIPC and DTE should benefit.