Sectors & IndustriesUtilities
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

Zen Score Price Valuation Financials Forecast Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Exchange	Industry	Market Cap	Price	1d %	EBITDA	P/E	D/E
MNTK	MONTAUK RENEWABLES INC	NASDAQ	Utilities - Diversified	$671.07M	$4.67	11.19%	$63.12M	31.13x	0.40
CWCO	CONSOLIDATED WATER CO LTD	NASDAQ	Utilities - Regulated Water	$439.93M	$27.84	-1.28%	$43.06M	14.81x	0.14
OPAL	OPAL FUELS INC	NASDAQ	Utilities - Regulated Gas	$876.02M	$5.07	1.40%	$58.49M	6.76x	-0.78
CEPU	CENTRAL PUERTO SA	NYSE	Utilities - Regulated Electric	$1.56B	$10.32	-4.09%	$679.00M	9.16x	0.66
CIG	ENERGY CO OF MINAS GERAIS	NYSE	Utilities - Diversified	$5.44B	$2.47	-3.52%	$1.92B	4.80x	1.23
OTTR	OTTER TAIL CORP	NASDAQ	Utilities - Diversified	$3.89B	$92.94	1.25%	$517.96M	12.64x	1.22
NEP	NEXTERA ENERGY PARTNERS LP	NYSE	Utilities - Renewable	$2.94B	$31.46	-2.78%	$1.12B	10.25x	2.35
MGEE	MGE ENERGY INC	NASDAQ	Utilities - Regulated Electric	$2.94B	$81.18	-0.49%	$277.51M	24.45x	1.62
RNW	RENEW ENERGY GLOBAL PLC	NASDAQ	Utilities - Renewable	$2.18B	$6.01	0.00%	$815.09M	58.35x	7.38
ATO	ATMOS ENERGY CORP	NYSE	Utilities - Regulated Gas	$17.68B	$117.18	-2.10%	$1.98B	17.67x	1.07
WTRG	ESSENTIAL UTILITIES INC	NYSE	Utilities - Regulated Water	$10.73B	$39.24	1.19%	$1.16B	18.60x	1.80
AES	AES CORP	NYSE	Utilities - Diversified	$14.17B	$19.94	-0.25%	$3.22B	26.24x	14.06
ETR	ENTERGY CORP	NYSE	Utilities - Regulated Electric	$23.91B	$111.99	0.46%	$4.86B	11.18x	3.26
NGG	NATIONAL GRID PLC	NYSE	Utilities - Regulated Electric	$55.98B	$71.21	0.58%	$15.13B	5.41x	2.14
AVA	AVISTA CORP	NYSE	Utilities - Diversified	$3.00B	$38.42	0.60%	$576.46M	15.88x	2.04
VIA	VIA RENEWABLES INC	NASDAQ	Utilities - Regulated Electric	$78.98M	$10.92	0.09%	$57.99M	2.72x	2.99
NFE	NEW FORTRESS ENERGY INC	NASDAQ	Utilities - Regulated Gas	$5.52B	$26.93	-2.00%	$1.05B	12.24x	5.38
ALE	ALLETE INC	NYSE	Utilities - Diversified	$3.64B	$63.20	0.43%	$606.30M	15.12x	1.13
SRE	SEMPRA	NYSE	Utilities - Diversified	$48.84B	$77.18	1.33%	$6.72B	17.02x	1.89
EIX	EDISON INTERNATIONAL	NYSE	Utilities - Regulated Electric	$28.81B	$74.89	0.17%	$5.48B	32.99x	4.35
D	DOMINION ENERGY INC	NYSE	Utilities - Regulated Electric	$44.48B	$53.07	0.44%	$7.08B	27.93x	2.72
AGR	AVANGRID INC	NYSE	Utilities - Regulated Electric	$14.26B	$36.85	0.00%	$2.54B	15.95x	1.22
SWX	SOUTHWEST GAS HOLDINGS INC	NYSE	Utilities - Regulated Gas	$5.47B	$76.38	-0.75%	$957.04M	28.39x	2.54
ARIS	ARIS WATER SOLUTIONS INC	NYSE	Utilities - Regulated Water	$978.26M	$16.84	-0.18%	$142.97M	23.39x	2.01
NRG	NRG ENERGY INC	NYSE	Utilities - Independent Power Producers	$17.44B	$83.65	2.31%	$4.03B	11.85x	6.70
FTS	FORTIS INC	NYSE	Utilities - Regulated Electric	$20.16B	$41.10	0.17%	$2.56B	18.12x	1.97
FE	FIRSTENERGY CORP	NYSE	Utilities - Regulated Electric	$22.99B	$39.94	0.25%	$4.99B	21.59x	3.04
OGE	OGE ENERGY CORP	NYSE	Utilities - Regulated Electric	$7.30B	$36.38	-0.19%	$1.08B	18.37x	1.91
CWT	CALIFORNIA WATER SERVICE GROUP	NYSE	Utilities - Regulated Water	$3.07B	$53.15	0.89%	$329.00M	21.18x	2.26
OGS	ONE GAS INC	NYSE	Utilities - Regulated Gas	$3.63B	$64.15	-0.22%	$742.36M	15.80x	1.74
TAC	TRANSALTA CORP	NYSE	Utilities - Independent Power Producers	$2.19B	$7.12	-1.39%	$1.12B	5.06x	3.77
PNW	PINNACLE WEST CAPITAL CORP	NYSE	Utilities - Regulated Electric	$8.77B	$77.24	-0.21%	$1.82B	16.79x	2.99
PCG	PG&E CORP	NYSE	Utilities - Regulated Electric	$46.62B	$17.83	-0.39%	$7.88B	15.64x	3.95
PPL	PPL CORP	NYSE	Utilities - Regulated Electric	$21.50B	$29.14	0.80%	$2.75B	28.29x	1.82
XEL	XCEL ENERGY INC	NASDAQ	Utilities - Regulated Electric	$30.82B	$55.46	0.40%	$5.32B	16.65x	2.68
EVRG	EVERGY INC	NASDAQ	Utilities - Regulated Electric	$12.74B	$55.42	-0.54%	$2.35B	17.94x	2.24
POR	PORTLAND GENERAL ELECTRIC CO	NYSE	Utilities - Regulated Electric	$4.59B	$44.55	-0.25%	$956.00M	17.00x	2.35
NI	NISOURCE INC	NYSE	Utilities - Regulated Gas	$12.86B	$28.68	-0.76%	$2.32B	17.93x	2.48
AEP	AMERICAN ELECTRIC POWER CO INC	NASDAQ	Utilities - Regulated Electric	$48.29B	$91.61	0.73%	$7.65B	17.00x	2.79
CMS	CMS ENERGY CORP	NYSE	Utilities - Regulated Electric	$18.79B	$62.93	-0.47%	$3.47B	19.19x	3.20
VST	VISTRA CORP	NYSE	Utilities - Independent Power Producers	$32.46B	$93.42	0.27%	$3.81B	56.28x	5.46
EE	EXCELERATE ENERGY INC	NYSE	Utilities - Renewable	$2.04B	$19.06	-2.51%	$249.20M	16.72x	2.05
EXC	EXELON CORP	NASDAQ	Utilities - Regulated Electric	$37.67B	$37.67	-1.72%	$7.93B	16.24x	2.96
PAM	PAMPA ENERGY INC	NYSE	Utilities - Independent Power Producers	$2.56B	$47.09	-3.92%	$984.00M	8.56x	0.96
LNT	ALLIANT ENERGY CORP	NASDAQ	Utilities - Regulated Electric	$13.16B	$51.33	-0.72%	$1.80B	18.67x	2.12
YORW	YORK WATER CO	NASDAQ	Utilities - Regulated Water	$551.55M	$38.45	0.29%	$45.44M	22.62x	1.70
BKH	BLACK HILLS CORP	NYSE	Utilities - Diversified	$3.93B	$57.05	-0.92%	$746.84M	14.02x	1.88
NEE	NEXTERA ENERGY INC	NYSE	Utilities - Regulated Electric	$151.60B	$73.79	-1.06%	$16.76B	20.05x	2.48
DUK	DUKE ENERGY CORP	NYSE	Utilities - Regulated Electric	$79.24B	$102.67	-0.34%	$13.02B	25.80x	2.58
RGCO	RGC RESOURCES INC	NASDAQ	Utilities - Regulated Gas	$211.46M	$20.77	-1.10%	$33.83M	15.98x	1.84
CNP	CENTERPOINT ENERGY INC	NYSE	Utilities - Regulated Electric	$19.00B	$29.70	-0.30%	$3.31B	20.77x	3.02
ADN	ADVENT TECHNOLOGIES HOLDINGS INC	NASDAQ	Utilities - Renewable	$6.69M	$0.11	-5.31%	-$88.80M	-0.06x	0.70
AWK	AMERICAN WATER WORKS COMPANY INC	NYSE	Utilities - Regulated Water	$26.40B	$135.50	0.83%	$2.72B	27.54x	2.11
ENIC	ENEL CHILE SA	NYSE	Utilities - Regulated Electric	$4.27B	$3.09	0.00%	$1.17B	6.40x	1.59
SO	SOUTHERN CO	NYSE	Utilities - Regulated Electric	$85.44B	$78.14	-0.14%	$12.41B	20.14x	2.93
UGI	UGI CORP	NYSE	Utilities - Regulated Gas	$5.22B	$24.91	-0.04%	$1.01B	-75.48x	2.24
AEE	AMEREN CORP	NYSE	Utilities - Regulated Electric	$19.84B	$74.40	-0.49%	$3.39B	17.06x	2.60
EDN	EDENOR	NYSE	Utilities - Regulated Electric	$914.61M	$20.18	0.65%	$671.31M	15.94x	2.44
UTL	UNITIL CORP	NYSE	Utilities - Diversified	$881.02M	$54.49	0.91%	$160.20M	18.16x	2.33
AWR	AMERICAN STATES WATER CO	NYSE	Utilities - Regulated Water	$2.90B	$77.98	0.04%	$240.60M	25.48x	1.86
IDA	IDACORP INC	NYSE	Utilities - Regulated Electric	$4.96B	$97.81	0.07%	$622.12M	19.56x	1.86
SBS	COMPANHIA DE SANEAMENTO BASICO DO ESTADO DE SAO PAULO-SABESP	NYSE	Utilities - Regulated Water	$10.33B	$15.11	-1.76%	$1.97B	15.23x	1.06
DTE	DTE ENERGY CO	NYSE	Utilities - Regulated Electric	$23.90B	$115.49	-0.72%	$3.87B	18.87x	3.11
AMPS	ALTUS POWER INC	NYSE	Utilities - Renewable	$713.38M	$4.44	-2.42%	$107.40M	-88.80x	3.69
ARTNA	ARTESIAN RESOURCES CORP	NASDAQ	Utilities - Regulated Water	$412.46M	$40.10	1.57%	$46.60M	23.59x	2.34
FLNC	FLUENCE ENERGY INC	NASDAQ	Utilities - Renewable	$3.00B	$16.73	-10.77%	-$39.45M	-44.03x	2.42
SR	SPIRE INC	NYSE	Utilities - Regulated Gas	$3.57B	$61.88	0.34%	$747.10M	15.59x	2.16
PEG	PUBLIC SERVICE ENTERPRISE GROUP INC	NYSE	Utilities - Regulated Electric	$36.86B	$74.01	0.56%	$4.05B	20.39x	2.33
CPK	CHESAPEAKE UTILITIES CORP	NYSE	Utilities - Regulated Gas	$2.49B	$111.76	0.32%	$255.17M	23.38x	1.60
GNE	GENIE ENERGY LTD	NYSE	Utilities - Regulated Electric	$411.57M	$15.17	-1.04%	$17.02M	32.98x	0.77
WAVE	ECO WAVE POWER GLOBAL AB (PUBL)	NASDAQ	Utilities - Renewable	$17.65M	$3.18	-4.22%	-$1.49M	-9.94x	0.28
NRGV	ENERGY VAULT HOLDINGS INC	NYSE	Utilities - Renewable	$166.71M	$1.12	-6.67%	-$87.74M	-1.87x	0.35
WEC	WEC ENERGY GROUP INC	NYSE	Utilities - Regulated Electric	$26.98B	$85.43	-0.18%	$3.70B	18.65x	2.63
ORA	ORMAT TECHNOLOGIES INC	NYSE	Utilities - Renewable	$4.25B	$70.29	1.97%	$471.11M	31.66x	1.29
MSEX	MIDDLESEX WATER CO	NASDAQ	Utilities - Regulated Water	$1.03B	$57.88	1.60%	$79.96M	28.37x	1.92
ED	CONSOLIDATED EDISON INC	NYSE	Utilities - Regulated Electric	$33.79B	$97.70	-0.43%	$5.35B	18.65x	2.09
KEN	KENON HOLDINGS LTD	NYSE	Utilities - Independent Power Producers	$1.26B	$23.83	0.34%	-$53.51M	-5.39x	1.69
AY	ATLANTICA SUSTAINABLE INFRASTRUCTURE PLC	NASDAQ	Utilities - Renewable	$3.33B	$22.95	3.17%	N/A	69.97x	5.21
PCYO	PURE CYCLE CORP	NASDAQ	Utilities - Regulated Water	$236.31M	$9.81	-1.41%	$11.02M	35.04x	0.12
SPH	SUBURBAN PROPANE PARTNERS LP	NYSE	Utilities - Regulated Gas	$1.19B	$18.62	-5.24%	$252.10M	10.89x	2.64
SJW	SJW GROUP	NYSE	Utilities - Regulated Water	$1.86B	$57.56	0.68%	$270.44M	21.56x	2.52
ENLT	ENLIGHT RENEWABLE ENERGY LTD	NASDAQ	Utilities - Renewable	$2.15B	$18.24	0.66%	$238.90M	34.42x	2.67
BEP	BROOKFIELD RENEWABLE PARTNERS LP	NYSE	Utilities - Renewable	$8.02B	$27.93	1.34%	$3.55B	-62.07x	12.30
EBR	BRAZILIAN ELECTRIC POWER CO	NYSE	Utilities - Regulated Electric	$14.43B	$7.30	-0.82%	$3.44B	18.77x	1.38
NJR	NEW JERSEY RESOURCES CORP	NYSE	Utilities - Regulated Gas	$4.38B	$44.33	0.00%	$580.25M	17.45x	2.05
NWE	NORTHWESTERN ENERGY GROUP INC	NASDAQ	Utilities - Diversified	$3.17B	$51.77	0.04%	$535.88M	16.03x	1.71
GWRS	GLOBAL WATER RESOURCES INC	NASDAQ	Utilities - Regulated Water	$302.93M	$12.53	-2.87%	$25.76M	48.19x	7.00
AQN	ALGONQUIN POWER & UTILITIES CORP	NYSE	Utilities - Renewable	$4.52B	$6.56	-2.81%	$396.24M	-13.39x	2.44
CWEN	CLEARWAY ENERGY INC	NYSE	Utilities - Renewable	$5.47B	$27.06	2.15%	$1.12B	41.63x	4.77
PNM	PNM RESOURCES INC	NYSE	Utilities - Regulated Electric	$3.42B	$37.93	-0.73%	$614.05M	41.68x	3.33
CREG	SMART POWERR CORP	NASDAQ	Utilities - Renewable	$8.40M	$1.06	-2.31%	-$152.04k	-10.55x	0.25
BIP	BROOKFIELD INFRASTRUCTURE PARTNERS LP	NYSE	Utilities - Diversified	$14.19B	$30.75	0.23%	$6.25B	219.64x	8.48
ELP	ENERGY CO OF PARANA	NYSE	Utilities - Diversified	$4.22B	$7.07	-1.12%	$1.23B	9.16x	1.32
CDZI	CADIZ INC	NASDAQ	Utilities - Regulated Water	$156.26M	$2.33	-1.69%	-$25.12M	-4.16x	1.69
ELLO	ELLOMAY CAPITAL LTD	NYSEMKT	Utilities - Renewable	$190.22M	$14.80	0.27%	$32.05M	80.87x	4.24
ES	EVERSOURCE ENERGY	NYSE	Utilities - Regulated Electric	$21.81B	$61.92	0.26%	$2.00B	-52.03x	2.94
CEG	CONSTELLATION ENERGY CORP	NASDAQ	Utilities - Renewable	$67.75B	$214.93	-0.45%	$6.36B	28.54x	3.57
VGAS	VERDE CLEAN FUELS INC	NASDAQ	Utilities - Renewable	$146.55M	$4.59	-4.38%	-$2.27M	-10.20x	0.28
NWN	NORTHWEST NATURAL HOLDING CO	NYSE	Utilities - Regulated Gas	$1.47B	$38.64	0.73%	$365.02M	16.87x	2.51
BNRG	BRENMILLER ENERGY LTD	NASDAQ	Utilities - Renewable	$4.69M	$2.18	14.74%	-$9.43M	-0.44x	2.68

Utility Industries

Industry	Stocks	1d %	1w %	1m %	1y %	P/E ratio	P/B Ratio	ROE	ROA	ROCE	Upside/Downside	Consensus
Utilities - Diversified	12	+0.60%	+3.30%	+9.72%	-4.19%	44.12x	1.68x	+11.13%	+3.20%	+6.53%	+1.07%	Buy
Utilities - Independent Power Producers	5	+0.08%	+7.55%	+18.23%	+94.41%	36.84x	4.03x	+22.98%	+3.26%	+10.51%	-4.98%	Buy
Utilities - Regulated Electric	43	-0.23%	+2.33%	+7.22%	-5.76%	17.64x	1.72x	+11.04%	+3.00%	+5.40%	-1.54%	Buy
Utilities - Regulated Gas	15	-0.63%	+0.27%	+4.43%	-7.29%	9.29x	1.77x	+7.91%	+2.75%	+5.81%	+4.38%	Hold
Utilities - Regulated Water	14	+0.50%	+5.23%	+12.57%	-10.75%	23.00x	2.20x	+10.13%	+3.75%	+7.58%	+2.18%	Hold
Utilities - Renewable	21	-0.22%	+6.27%	+12.61%	+12.74%	17.31x	3.02x	+11.82%	+2.75%	+5.50%	+4.42%	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. Montauk Renewables (NASDAQ:MNTK)

Montauk Renewables (NASDAQ:MNTK) is the top utility stock with a Zen Score of 66, which is 35 points higher than the utility sector average of 31. It passed 22 out of 33 due diligence checks and has strong fundamentals. Montauk Renewables has seen its stock lose -26.57% over the past year, underperforming other utility stocks by -25 percentage points.

Montauk Renewables has an average 1 year price target of $7.00, an upside of 49.89% from Montauk Renewables's current stock price of $4.67.

Montauk Renewables stock has a consensus Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Montauk Renewables, 0% have issued a Strong Buy rating, 50% have issued a Buy, 50% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Consolidated Water Co (NASDAQ:CWCO)

Consolidated Water Co (NASDAQ:CWCO) is the second best 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 61.58% over the past year, overperforming other utility stocks by 63 percentage points.

3. Opal Fuels (NASDAQ:OPAL)

Opal Fuels (NASDAQ:OPAL) is the third best utility stock with a Zen Score of 53, which is 22 points higher than the utility sector average of 31. It passed 18 out of 33 due diligence checks and has strong fundamentals. Opal Fuels has seen its stock lose -25.22% over the past year, underperforming other utility stocks by -23 percentage points.

Opal Fuels has an average 1 year price target of $8.67, an upside of 70.95% from Opal Fuels's current stock price of $5.07.

Opal Fuels stock has a consensus Buy recommendation according to Wall Street analysts. Of the 6 analysts covering Opal Fuels, 66.67% have issued a Strong Buy rating, 16.67% have issued a Buy, 0% have issued a Hold, while 0% have issued a Sell rating, and 16.67% have issued a Strong Sell.

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 15.95%, which is 12 percentage points higher than the utility sector average of 3.71%. 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 11.47%, which is 8 percentage points higher than the utility sector average of 3.71%. Energy Co Of Minas Gerais's dividend payout is not stable, having dropped more than 10% fourteen 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. Enel Chile Sa (NYSE:ENIC)

Enel Chile Sa (NYSE:ENIC) has an annual dividend yield of 11.39%, which is 8 percentage points higher than the utility sector average of 3.71%. Enel Chile Sa's dividend payout is not stable, having dropped more than 10% six times in the last 10 years. Enel Chile Sa's dividend has not shown consistent growth over the last 10 years.

Enel Chile Sa's dividend payout ratio of 72.9% indicates that its high dividend yield is sustainable for the long-term.

Why are utility stocks down?

Utility stocks were down -0.09% in the last day, and up 3.17% over the last week. Fluence Energy was the among the top losers in the utilities sector, dropping -10.77% yesterday.

Fluence Energy shares are trading lower following Q2 financial results, reported on Wednesday.

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 -8.92% in the past year. It has underperformed other stocks in the utility sector by -7 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 64.59% in the past year. It has overperformed other stocks in the utility sector by 66 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 -28.23% in the past year. It has underperformed other stocks in the utility sector by -26 percentage points.

Are utility stocks a good buy now?

45.95% of utility stocks rated by analysts are a buy right now. On average, analysts expect utility stocks to rise by 0.52% 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 20.16x.

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.