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Best Utility Stocks to Buy Now (2024)
Top utility stocks in 2024 ranked by overall Zen Score. See the best utility stocks to buy now, according to analyst forecasts for the utilities sector.

Sector: Utilities
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
CWCO
CONSOLIDATED WATER CO LTD
NASDAQ
Utilities - Regulated Water
$449.07M$28.371.50%$47.56M13.77x0.14
CEPU
CENTRAL PUERTO SA
NYSE
Utilities - Regulated Electric
$1.57B$10.36-4.69%$679.00M9.19x0.66
OPAL
OPAL FUELS INC
NASDAQ
Utilities - Regulated Gas
$855.29M$4.951.75%$58.49M6.60x-0.78
CIG
ENERGY CO OF MINAS GERAIS
NYSE
Utilities - Diversified
$5.75B$2.611.56%$1.92B5.07x1.23
MNTK
MONTAUK RENEWABLES INC
NASDAQ
Utilities - Diversified
$701.25M$4.88-0.20%$63.12M32.53x0.40
OTTR
OTTER TAIL CORP
NASDAQ
Utilities - Diversified
$3.85B$92.16-0.07%$517.96M12.54x1.22
NEP
NEXTERA ENERGY PARTNERS LP
NYSE
Utilities - Renewable
$3.17B$33.84-0.47%$1.12B11.02x2.35
RNW
RENEW ENERGY GLOBAL PLC
NASDAQ
Utilities - Renewable
$2.15B$5.93-8.06%$815.09M57.57x7.38
ATO
ATMOS ENERGY CORP
NYSE
Utilities - Regulated Gas
$17.90B$118.640.07%$1.98B17.89x1.07
MGEE
MGE ENERGY INC
NASDAQ
Utilities - Regulated Electric
$2.95B$81.410.18%$277.51M24.52x1.62
ALE
ALLETE INC
NYSE
Utilities - Diversified
$3.62B$62.80-0.30%$606.30M15.02x1.13
FTS
FORTIS INC
NYSE
Utilities - Regulated Electric
$20.00B$40.77-0.10%$2.56B17.98x1.97
NGG
NATIONAL GRID PLC
NYSE
Utilities - Regulated Electric
$57.25B$72.83-0.65%$15.13B5.54x2.14
AVA
AVISTA CORP
NYSE
Utilities - Diversified
$3.00B$38.38-0.16%$576.46M15.86x2.04
WTRG
ESSENTIAL UTILITIES INC
NYSE
Utilities - Regulated Water
$10.85B$39.670.66%$1.16B18.80x1.80
VIA
VIA RENEWABLES INC
NASDAQ
Utilities - Regulated Electric
$79.27M$10.960.05%$57.99M2.73x2.99
NFE
NEW FORTRESS ENERGY INC
NASDAQ
Utilities - Regulated Gas
$5.48B$26.722.45%$1.05B12.15x5.38
ETR
ENTERGY CORP
NYSE
Utilities - Regulated Electric
$24.14B$113.03-0.30%$4.86B11.28x3.26
SRE
SEMPRA
NYSE
Utilities - Diversified
$49.47B$78.170.64%$6.72B17.24x1.89
AES
AES CORP
NYSE
Utilities - Diversified
$15.12B$21.280.33%$3.22B28.00x14.06
D
DOMINION ENERGY INC
NYSE
Utilities - Regulated Electric
$44.84B$53.500.38%$7.08B28.16x2.72
EIX
EDISON INTERNATIONAL
NYSE
Utilities - Regulated Electric
$29.36B$76.300.58%$5.48B33.61x4.35
AGR
AVANGRID INC
NYSE
Utilities - Regulated Electric
$13.87B$35.84-4.50%$2.54B15.52x1.22
NRG
NRG ENERGY INC
NYSE
Utilities - Independent Power Producers
$17.16B$82.30-0.76%$4.03B11.66x6.70
SWX
SOUTHWEST GAS HOLDINGS INC
NYSE
Utilities - Regulated Gas
$5.57B$77.680.40%$957.04M28.88x2.54
XEL
XCEL ENERGY INC
NASDAQ
Utilities - Regulated Electric
$30.85B$55.52-0.59%$5.32B16.67x2.68
ARIS
ARIS WATER SOLUTIONS INC
NYSE
Utilities - Regulated Water
$965.48M$16.621.22%$142.97M23.08x2.01
EVRG
EVERGY INC
NASDAQ
Utilities - Regulated Electric
$12.67B$55.11-0.95%$2.35B17.83x2.24
FE
FIRSTENERGY CORP
NYSE
Utilities - Regulated Electric
$23.04B$40.04-0.45%$4.99B21.64x3.04
BKH
BLACK HILLS CORP
NYSE
Utilities - Diversified
$3.91B$56.78-0.26%$746.84M13.95x1.88
CWT
CALIFORNIA WATER SERVICE GROUP
NYSE
Utilities - Regulated Water
$3.08B$53.290.08%$329.00M21.23x2.26
TAC
TRANSALTA CORP
NYSE
Utilities - Independent Power Producers
$2.22B$7.22-1.23%$1.12B5.14x3.77
OGE
OGE ENERGY CORP
NYSE
Utilities - Regulated Electric
$7.41B$36.960.35%$1.08B18.67x1.91
PPL
PPL CORP
NYSE
Utilities - Regulated Electric
$21.83B$29.59-0.07%$2.75B28.73x1.82
PNW
PINNACLE WEST CAPITAL CORP
NYSE
Utilities - Regulated Electric
$8.91B$78.440.80%$1.82B17.05x2.99
PCG
PG&E CORP
NYSE
Utilities - Regulated Electric
$48.64B$18.600.81%$7.88B16.32x3.95
VST
VISTRA CORP
NYSE
Utilities - Independent Power Producers
$32.69B$94.081.01%$3.81B56.67x5.46
NI
NISOURCE INC
NYSE
Utilities - Regulated Gas
$13.10B$29.230.27%$2.32B18.27x2.48
AEP
AMERICAN ELECTRIC POWER CO INC
NASDAQ
Utilities - Regulated Electric
$48.85B$92.670.14%$7.65B17.19x2.79
CMS
CMS ENERGY CORP
NYSE
Utilities - Regulated Electric
$18.89B$63.240.14%$3.47B19.28x3.20
OGS
ONE GAS INC
NYSE
Utilities - Regulated Gas
$3.60B$63.72-1.77%$742.36M15.69x1.74
POR
PORTLAND GENERAL ELECTRIC CO
NYSE
Utilities - Regulated Electric
$4.64B$44.99-0.62%$956.00M17.17x2.35
PAM
PAMPA ENERGY INC
NYSE
Utilities - Independent Power Producers
$2.60B$47.89-0.87%$984.00M8.71x0.96
EDN
EDENOR
NYSE
Utilities - Regulated Electric
$859.77M$18.97-2.17%$671.31M14.98x2.44
EXC
EXELON CORP
NASDAQ
Utilities - Regulated Electric
$38.58B$38.58-0.10%$7.93B16.63x2.96
YORW
YORK WATER CO
NASDAQ
Utilities - Regulated Water
$550.55M$38.38-0.52%$45.44M22.58x1.70
LNT
ALLIANT ENERGY CORP
NASDAQ
Utilities - Regulated Electric
$13.32B$51.970.00%$1.80B18.90x2.12
AEE
AMEREN CORP
NYSE
Utilities - Regulated Electric
$19.93B$74.74-0.21%$3.39B17.14x2.60
NEE
NEXTERA ENERGY INC
NYSE
Utilities - Regulated Electric
$156.33B$76.09-0.42%$16.76B20.68x2.48
DUK
DUKE ENERGY CORP
NYSE
Utilities - Regulated Electric
$80.18B$103.891.02%$13.02B26.10x2.58
UTL
UNITIL CORP
NYSE
Utilities - Diversified
$875.68M$54.16-0.93%$160.20M18.05x2.33
RGCO
RGC RESOURCES INC
NASDAQ
Utilities - Regulated Gas
$210.14M$20.64-0.53%$33.83M15.88x1.84
AWK
AMERICAN WATER WORKS COMPANY INC
NYSE
Utilities - Regulated Water
$26.06B$133.76-0.38%$2.72B27.19x2.11
ADN
ADVENT TECHNOLOGIES HOLDINGS INC
NASDAQ
Utilities - Renewable
$6.77M$3.25-2.99%-$88.80M-0.06x0.70
CNP
CENTERPOINT ENERGY INC
NYSE
Utilities - Regulated Electric
$19.24B$30.080.47%$3.31B21.03x3.02
CPK
CHESAPEAKE UTILITIES CORP
NYSE
Utilities - Regulated Gas
$2.53B$113.42-0.47%$255.17M23.73x1.60
SO
SOUTHERN CO
NYSE
Utilities - Regulated Electric
$86.97B$79.540.20%$12.41B20.50x2.93
ORA
ORMAT TECHNOLOGIES INC
NYSE
Utilities - Renewable
$4.38B$72.490.01%$471.11M32.65x1.29
IDA
IDACORP INC
NYSE
Utilities - Regulated Electric
$4.99B$98.47-0.50%$622.12M19.69x1.86
UGI
UGI CORP
NYSE
Utilities - Regulated Gas
$5.19B$24.77-0.96%$1.01B-75.06x2.24
AWR
AMERICAN STATES WATER CO
NYSE
Utilities - Regulated Water
$2.91B$78.29-0.65%$240.60M25.58x1.86
ARTNA
ARTESIAN RESOURCES CORP
NASDAQ
Utilities - Regulated Water
$416.37M$40.48-0.66%$46.60M23.81x2.34
AMPS
ALTUS POWER INC
NYSE
Utilities - Renewable
$620.19M$3.86-3.26%$107.40M-77.20x3.69
SR
SPIRE INC
NYSE
Utilities - Regulated Gas
$3.61B$62.590.45%$747.10M15.77x2.16
FLNC
FLUENCE ENERGY INC
NASDAQ
Utilities - Renewable
$3.29B$18.320.33%-$39.45M-48.21x2.42
SBS
COMPANHIA DE SANEAMENTO BASICO DO ESTADO DE SAO PAULO-SABESP
NYSE
Utilities - Regulated Water
$10.49B$15.35-1.16%$1.97B15.47x1.06
DTE
DTE ENERGY CO
NYSE
Utilities - Regulated Electric
$24.13B$116.60-0.15%$3.87B19.05x3.11
NRGV
ENERGY VAULT HOLDINGS INC
NYSE
Utilities - Renewable
$172.67M$1.16-0.85%-$87.74M-1.93x0.35
PEG
PUBLIC SERVICE ENTERPRISE GROUP INC
NYSE
Utilities - Regulated Electric
$37.13B$74.540.43%$4.05B20.53x2.33
GNE
GENIE ENERGY LTD
NYSE
Utilities - Regulated Electric
$415.37M$15.31-1.35%$17.02M33.28x0.77
WEC
WEC ENERGY GROUP INC
NYSE
Utilities - Regulated Electric
$27.00B$85.50-0.01%$3.70B18.67x2.63
MSEX
MIDDLESEX WATER CO
NASDAQ
Utilities - Regulated Water
$1.02B$57.21-0.81%$79.96M28.04x1.92
ED
CONSOLIDATED EDISON INC
NYSE
Utilities - Regulated Electric
$33.58B$97.100.20%$5.35B18.53x2.09
KEN
KENON HOLDINGS LTD
NYSE
Utilities - Independent Power Producers
$1.29B$24.440.00%-$53.51M-5.53x1.69
BIP
BROOKFIELD INFRASTRUCTURE PARTNERS LP
NYSE
Utilities - Diversified
$14.14B$30.650.56%$6.84B98.87x9.22
AY
ATLANTICA SUSTAINABLE INFRASTRUCTURE PLC
NASDAQ
Utilities - Renewable
$3.29B$22.63-2.33%N/A68.99x5.21
PCYO
PURE CYCLE CORP
NASDAQ
Utilities - Regulated Water
$229.32M$9.522.48%$11.02M34.00x0.12
ENLT
ENLIGHT RENEWABLE ENERGY LTD
NASDAQ
Utilities - Renewable
$2.16B$18.32-0.70%$238.90M34.57x2.67
SPH
SUBURBAN PROPANE PARTNERS LP
NYSE
Utilities - Regulated Gas
$1.22B$19.060.58%$252.10M11.15x2.64
BEP
BROOKFIELD RENEWABLE PARTNERS LP
NYSE
Utilities - Renewable
$8.00B$27.86-0.32%$3.55B-61.91x12.30
SJW
SJW GROUP
NYSE
Utilities - Regulated Water
$1.94B$60.050.27%$270.44M22.49x2.52
CREG
SMART POWERR CORP
NASDAQ
Utilities - Renewable
$8.72M$1.043.79%-$340.29k-9.45x0.25
EBR
BRAZILIAN ELECTRIC POWER CO
NYSE
Utilities - Regulated Electric
$14.83B$7.500.00%$3.44B19.28x1.38
ENIC
ENEL CHILE SA
NYSE
Utilities - Regulated Electric
$4.33B$3.13-0.95%$1.17B6.48x1.59
NJR
NEW JERSEY RESOURCES CORP
NYSE
Utilities - Regulated Gas
$4.36B$44.11-0.83%$580.25M17.37x2.05
GWRS
GLOBAL WATER RESOURCES INC
NASDAQ
Utilities - Regulated Water
$318.88M$13.19-0.30%$25.76M50.73x7.00
ES
EVERSOURCE ENERGY
NYSE
Utilities - Regulated Electric
$21.47B$60.96-0.81%$2.00B-51.23x2.94
NWE
NORTHWESTERN ENERGY GROUP INC
NASDAQ
Utilities - Diversified
$3.22B$52.560.04%$535.88M16.27x1.71
CWEN
CLEARWAY ENERGY INC
NYSE
Utilities - Renewable
$5.42B$26.79-1.11%$1.12B41.22x4.77
AQN
ALGONQUIN POWER & UTILITIES CORP
NYSE
Utilities - Renewable
$4.59B$6.65-1.19%$396.24M-13.57x2.44
CEG
CONSTELLATION ENERGY CORP
NASDAQ
Utilities - Renewable
$67.18B$213.11-1.49%$6.36B28.30x3.57
PNM
PNM RESOURCES INC
NYSE
Utilities - Regulated Electric
$3.47B$38.490.03%$614.05M42.30x3.33
ELP
ENERGY CO OF PARANA
NYSE
Utilities - Diversified
$4.49B$7.53-0.13%$1.23B9.75x1.32
CDZI
CADIZ INC
NASDAQ
Utilities - Regulated Water
$210.84M$3.113.67%-$20.88M-6.35x2.43
ELLO
ELLOMAY CAPITAL LTD
NYSEMKT
Utilities - Renewable
$195.49M$15.21-0.65%$32.05M83.11x4.24
WAVE
ECO WAVE POWER GLOBAL AB (PUBL)
NASDAQ
Utilities - Renewable
$16.76M$3.02-1.31%N/A-8.58x0.31
VGAS
VERDE CLEAN FUELS INC
NASDAQ
Utilities - Renewable
$158.37M$4.960.81%-$2.16M-10.12x0.28
NWN
NORTHWEST NATURAL HOLDING CO
NYSE
Utilities - Regulated Gas
$1.47B$38.540.13%$365.02M16.83x2.51
BEPC
BROOKFIELD RENEWABLE CORP
NYSE
Utilities - Renewable
$11.57B$30.92-1.56%$2.49BN/A5.58
BNRG
BRENMILLER ENERGY LTD
NASDAQ
Utilities - Renewable
$4.33M$2.01-4.74%-$9.43M-0.40x2.68

Utility Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
12-0.04%+0.40%+12.75%-0.66%28.14x1.72x+11.38%+3.22%+6.59%+1.39%Buy
5-0.08%+0.32%+21.24%+91.41%37.16x4.03x+22.78%+3.24%+10.46%-4.13%Buy
41-0.18%+0.84%+9.16%-0.39%18.00x1.75x+11.04%+3.01%+5.42%-1.84%Buy
15+0.10%+1.00%+7.00%-4.20%9.56x1.79x+4.16%+2.85%+5.96%+4.52%Buy
14-0.13%+0.51%+16.44%-8.92%22.87x2.21x+10.08%+3.74%+7.59%+2.65%Hold
23-1.40%-0.18%+17.62%+6.22%12.27x3.37x+8.55%+1.98%+3.95%+5.92%Buy

Utility Stocks FAQ

What are the best utility stocks to buy right now in May 2024?

According to Zen Score, the 3 best utility stocks to buy right now are:

1. Consolidated Water Co (NASDAQ:CWCO)


Consolidated Water Co (NASDAQ:CWCO) is the top utility stock with a Zen Score of 55, which is 24 points higher than the utility sector average of 31. It passed 20 out of 38 due diligence checks and has strong fundamentals. Consolidated Water Co has seen its stock return 54.27% over the past year, overperforming other utility stocks by 53 percentage points.

2. Central Puerto Sa (NYSE:CEPU)


Central Puerto Sa (NYSE:CEPU) is the second best utility stock with a Zen Score of 51, which is 20 points higher than the utility sector average of 31. It passed 19 out of 38 due diligence checks and has strong fundamentals. Central Puerto Sa has seen its stock return 65.23% over the past year, overperforming other utility stocks by 64 percentage points.

3. Energy Co Of Minas Gerais (NYSE:CIG)


Energy Co Of Minas Gerais (NYSE:CIG) is the third best utility stock with a Zen Score of 50, which is 19 points higher than the utility sector average of 31. It passed 18 out of 38 due diligence checks and has strong fundamentals. Energy Co Of Minas Gerais has seen its stock return 9.21% over the past year, overperforming other utility stocks by 8 percentage points.

What are the utility stocks with highest dividends?

Out of 75 utility stocks that have issued dividends in the past year, the 3 utility stocks with the highest dividend yields are:

1. Kenon Holdings (NYSE:KEN)


Kenon Holdings (NYSE:KEN) has an annual dividend yield of 15.55%, which is 12 percentage points higher than the utility sector average of 3.63%. Kenon Holdings's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Kenon Holdings's dividend has shown consistent growth over the last 10 years.

Kenon Holdings's dividend payout ratio of -86% indicates that its high dividend yield might not be sustainable for the long-term.

2. Energy Co Of Minas Gerais (NYSE:CIG)


Energy Co Of Minas Gerais (NYSE:CIG) has an annual dividend yield of 10.86%, which is 7 percentage points higher than the utility sector average of 3.63%. Energy Co Of Minas Gerais's dividend payout is not stable, having dropped more than 10% fifteen times in the last 10 years. Energy Co Of Minas Gerais's dividend has not shown consistent growth over the last 10 years.

Energy Co Of Minas Gerais's dividend payout ratio of 45.8% indicates that its high dividend yield is sustainable for the long-term.

3. Nextera Energy Partners (NYSE:NEP)


Nextera Energy Partners (NYSE:NEP) has an annual dividend yield of 10.33%, which is 7 percentage points higher than the utility sector average of 3.63%. Nextera Energy Partners's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Nextera Energy Partners's dividend has shown consistent growth over the last 10 years.

Nextera Energy Partners's dividend payout ratio of 112.2% indicates that its high dividend yield might not be sustainable for the long-term.

Why are utility stocks down?

Utility stocks were down -0.29% in the last day, and up 0.61% over the last week. Brenmiller Energy was the among the top losers in the utilities sector, dropping -4.74% yesterday.

Brenmiller Energy shares are trading higher after the company reported its project pipeline has expanded to 49 potential contracts valued at over $500 million in 12 industries across 13 countries.

What are the most undervalued utility stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued utility stocks right now are:

1. Via Renewables (NASDAQ:VIA)


Via Renewables (NASDAQ:VIA) is the most undervalued utility stock based on WallStreetZen's Valuation Score. Via Renewables has a valuation score of 71, which is 45 points higher than the utility sector average of 26. It passed 5 out of 7 valuation due diligence checks.

Via Renewables's stock has dropped -13.7% in the past year. It has underperformed other stocks in the utility sector by -15 percentage points.

2. Central Puerto Sa (NYSE:CEPU)


Central Puerto Sa (NYSE:CEPU) is the second most undervalued utility stock based on WallStreetZen's Valuation Score. Central Puerto Sa has a valuation score of 71, which is 45 points higher than the utility sector average of 26. It passed 5 out of 7 valuation due diligence checks.

Central Puerto Sa's stock has gained 65.23% in the past year. It has overperformed other stocks in the utility sector by 64 percentage points.

3. Transalta (NYSE:TAC)


Transalta (NYSE:TAC) is the third most undervalued utility stock based on WallStreetZen's Valuation Score. Transalta has a valuation score of 71, which is 45 points higher than the utility sector average of 26. It passed 5 out of 7 valuation due diligence checks.

Transalta's stock has dropped -25.8% in the past year. It has underperformed other stocks in the utility sector by -27 percentage points.

Are utility stocks a good buy now?

46.67% of utility stocks rated by analysts are a buy right now. On average, analysts expect utility stocks to rise by 0.9% over the next year.

What is the average p/e ratio of the utilities sector?

The average P/E ratio of the utilities sector is 18.62x.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.