WallStreetZenWallStreetZen

Sectors & IndustriesUtilitiesUtilities - Diversified
Best Diversified Utility Stocks to Buy Now (2022)
Top diversified utility stocks in 2022 ranked by overall Zen Score. See the best diversified utility stocks to buy now, according to analyst forecasts for the utilities - diversified industry.

Industry: Utilities - Diversified
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
OTTR
OTTER TAIL CORP
NASDAQ
Utilities - Diversified
$2.45B$58.840.58%$500.06M8.33x1.45
MNTK
MONTAUK RENEWABLES INC
NASDAQ
Utilities - Diversified
$1.60B$11.12-1.59%$66.90M44.48x0.48
ALE
ALLETE INC
NYSE
Utilities - Diversified
$3.71B$64.99-1.25%$484.60M17.66x1.31
CIG
ENERGY CO OF MINAS GERAIS
NYSE
Utilities - Diversified
$5.98B$2.091.95%$1.72B8.20x1.68
OPAL
OPAL FUELS INC
NASDAQ
Utilities - Diversified
$1.45B$8.52-1.84%$75.97MN/A-0.32
UTL
UNITIL CORP
NYSE
Utilities - Diversified
$839.37M$52.33-0.11%$140.10M20.05x2.44
BIP
BROOKFIELD INFRASTRUCTURE PARTNERS LP
NYSE
Utilities - Diversified
$15.51B$33.88-3.01%$4.91B130.31x6.05
ETR
ENTERGY CORP
NYSE
Utilities - Diversified
$23.82B$117.081.46%$4.22B18.88x3.87
BKH
BLACK HILLS CORP
NYSE
Utilities - Diversified
$4.56B$70.14-0.01%$680.99M17.58x2.20
SRE
SEMPRA ENERGY
NYSE
Utilities - Diversified
$51.98B$165.351.01%$6.08B23.03x1.71
NWE
NORTHWESTERN CORP
NASDAQ
Utilities - Diversified
$3.34B$57.77-0.76%$458.23M18.76x1.80
EXC
EXELON CORP
NASDAQ
Utilities - Diversified
$42.60B$42.872.68%$8.13B19.85x2.80
NGG
NATIONAL GRID PLC
NYSE
Utilities - Diversified
$48.57B$62.20-0.64%$8.24B15.03x2.98
D
DOMINION ENERGY INC
NYSE
Utilities - Diversified
$48.54B$58.25-1.72%$6.82B20.80x2.62
MGEE
MGE ENERGY INC
NASDAQ
Utilities - Diversified
$2.55B$70.570.23%$234.93M24.85x1.60
SJI
SOUTH JERSEY INDUSTRIES INC
NYSE
Utilities - Diversified
$4.24B$34.640.64%$551.39M24.92x2.85
PEG
PUBLIC SERVICE ENTERPRISE GROUP INC
NYSE
Utilities - Diversified
$30.24B$60.600.55%$2.31B44.23x2.60
FE
FIRSTENERGY CORP
NYSE
Utilities - Diversified
$23.77B$41.570.58%$5.23B18.90x3.12
AES
AES CORP
NYSE
Utilities - Diversified
$18.79B$28.13-0.85%$1.82B-68.61x9.48
ELP
ENERGY CO OF PARANA
NYSE
Utilities - Diversified
$19.79B$7.231.26%$1.86B27.60x1.25
AVA
AVISTA CORP
NYSE
Utilities - Diversified
$3.08B$41.79-1.23%$484.79M23.22x2.16
OIG
ORBITAL INFRASTRUCTURE GROUP INC
NASDAQ
Utilities - Diversified
$27.69M$0.20-7.94%-$168.39M-0.08x-4.61

Diversified Utility Stocks FAQ

What are the best diversified utility stocks to buy right now in Dec 2022?

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

1. Otter Tail (NASDAQ:OTTR)


Otter Tail (NASDAQ:OTTR) is the top diversified utility stock with a Zen Score of 57, which is 21 points higher than the diversified utility industry average of 36. It passed 21 out of 38 due diligence checks and has strong fundamentals. Otter Tail has seen its stock lose -12.95% over the past year, underperforming other diversified utility stocks by -16 percentage points.

Otter Tail has an average 1 year price target of $72.00, an upside of 22.37% from Otter Tail's current stock price of $58.84.

Otter Tail stock has a consensus Hold recommendation according to Wall Street analysts. Of the 1 analyst covering Otter Tail, 0% have issued a Strong Buy rating, 0% have issued a Buy, 100% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Montauk Renewables (NASDAQ:MNTK)


Montauk Renewables (NASDAQ:MNTK) is the second best diversified utility stock with a Zen Score of 48, which is 12 points higher than the diversified utility industry average of 36. It passed 16 out of 33 due diligence checks and has strong fundamentals. Montauk Renewables has seen its stock return 15.83% over the past year, overperforming other diversified utility stocks by 13 percentage points.

Montauk Renewables has an average 1 year price target of $17.50, an upside of 57.37% from Montauk Renewables's current stock price of $11.12.

Montauk Renewables stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Montauk Renewables, 100% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Allete (NYSE:ALE)


Allete (NYSE:ALE) is the third best diversified utility stock with a Zen Score of 46, which is 10 points higher than the diversified utility industry average of 36. It passed 16 out of 38 due diligence checks and has strong fundamentals. Allete has seen its stock return 3.55% over the past year, overperforming other diversified utility stocks by 1 percentage points.

Allete has an average 1 year price target of $59.25, a downside of -8.83% from Allete's current stock price of $64.99.

Allete stock has a consensus Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Allete, 25% have issued a Strong Buy rating, 0% have issued a Buy, 75% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the diversified utility stocks with highest dividends?

Out of 19 diversified utility stocks that have issued dividends in the past year, the 3 diversified utility stocks with the highest dividend yields are:

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


Energy Co Of Minas Gerais (NYSE:CIG) has an annual dividend yield of 14.44%, which is 10 percentage points higher than the diversified utility industry average of 4.5%. Energy Co Of Minas Gerais's dividend payout is not stable, having dropped more than 10% thirteen 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 111.8% indicates that its high dividend yield might not be sustainable for the long-term.

2. Energy Co Of Parana (NYSE:ELP)


Energy Co Of Parana (NYSE:ELP) has an annual dividend yield of 8.4%, which is 4 percentage points higher than the diversified utility industry average of 4.5%. Energy Co Of Parana's dividend payout is not stable, having dropped more than 10% eight times in the last 10 years. Energy Co Of Parana's dividend has shown consistent growth over the last 10 years.

Energy Co Of Parana's dividend payout ratio of 180.3% indicates that its high dividend yield might not be sustainable for the long-term.

3. National Grid (NYSE:NGG)


National Grid (NYSE:NGG) has an annual dividend yield of 5.02%, which is 1 percentage points higher than the diversified utility industry average of 4.5%. National Grid's dividend payout is not stable, having dropped more than 10% eleven times in the last 10 years. National Grid's dividend has not shown consistent growth over the last 10 years.

National Grid's dividend payout ratio of 78.5% indicates that its high dividend yield is sustainable for the long-term.

Why are diversified utility stocks up?

Diversified utility stocks were up 0.09% in the last day, and up 1.21% over the last week.

We couldn't find a catalyst for why diversified utility stocks are up.

What are the most undervalued diversified utility stocks?

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

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


Energy Co Of Minas Gerais (NYSE:CIG) is the most undervalued diversified utility stock based on WallStreetZen's Valuation Score. Energy Co Of Minas Gerais has a valuation score of 71, which is 42 points higher than the diversified utility industry average of 29. It passed 5 out of 7 valuation due diligence checks.

Energy Co Of Minas Gerais's stock has gained 14.15% in the past year. It has overperformed other stocks in the diversified utility industry by 11 percentage points.

2. Northwestern (NASDAQ:NWE)


Northwestern (NASDAQ:NWE) is the second most undervalued diversified utility stock based on WallStreetZen's Valuation Score. Northwestern has a valuation score of 57, which is 28 points higher than the diversified utility industry average of 29. It passed 4 out of 7 valuation due diligence checks.

Northwestern's stock has gained 1.49% in the past year. It has underperformed other stocks in the diversified utility industry by -1 percentage points.

3. Exelon (NASDAQ:EXC)


Exelon (NASDAQ:EXC) is the third most undervalued diversified utility stock based on WallStreetZen's Valuation Score. Exelon has a valuation score of 57, which is 28 points higher than the diversified utility industry average of 29. It passed 4 out of 7 valuation due diligence checks.

Exelon's stock has dropped -19.91% in the past year. It has underperformed other stocks in the diversified utility industry by -23 percentage points.

Are diversified utility stocks a good buy now?

40.91% of diversified utility stocks rated by analysts are a buy right now. On average, analysts expect diversified utility stocks to rise by 6.42% over the next year.

What is the average p/e ratio of the utilities - diversified industry?

The average P/E ratio of the utilities - diversified industry is 22.11x.
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.