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Sectors & IndustriesUtilitiesUtilities - Diversified
Best Diversified Utility Stocks to Buy Now (2024)
Top diversified utility stocks in 2024 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
MNTK
MONTAUK RENEWABLES INC
NASDAQ
Utilities - Diversified
$813.33M$5.66-1.05%$63.12M37.73x0.40
CIG
ENERGY CO OF MINAS GERAIS
NYSE
Utilities - Diversified
$5.49B$1.92-1.03%$1.92B4.85x1.23
ALE
ALLETE INC
NYSE
Utilities - Diversified
$3.66B$63.51-0.44%$606.30M15.19x1.13
OTTR
OTTER TAIL CORP
NASDAQ
Utilities - Diversified
$3.67B$87.820.68%$517.96M11.95x1.22
AES
AES CORP
NYSE
Utilities - Diversified
$13.42B$18.891.29%$3.22B24.86x14.06
AVA
AVISTA CORP
NYSE
Utilities - Diversified
$2.82B$36.051.01%$576.46M14.90x2.04
SRE
SEMPRA
NYSE
Utilities - Diversified
$48.76B$77.050.03%$6.72B16.99x1.89
BKH
BLACK HILLS CORP
NYSE
Utilities - Diversified
$3.95B$57.291.25%$746.84M14.08x1.88
UTL
UNITIL CORP
NYSE
Utilities - Diversified
$891.04M$55.111.06%$160.20M18.37x2.33
BIP
BROOKFIELD INFRASTRUCTURE PARTNERS LP
NYSE
Utilities - Diversified
$14.29B$30.971.91%$6.84B99.90x9.22
ELP
ENERGY CO OF PARANA
NYSE
Utilities - Diversified
$4.50B$7.550.00%$1.23B9.78x1.32
NWE
NORTHWESTERN ENERGY GROUP INC
NASDAQ
Utilities - Diversified
$3.15B$51.381.06%$535.88M15.91x1.71

Diversified Utility Stocks FAQ

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

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

1. Montauk Renewables (NASDAQ:MNTK)


Montauk Renewables (NASDAQ:MNTK) is the top diversified utility stock with a Zen Score of 54, which is 15 points higher than the diversified utility industry average of 39. It passed 18 out of 33 due diligence checks and has strong fundamentals. Montauk Renewables has seen its stock lose -29.95% over the past year, underperforming other diversified utility stocks by -30 percentage points.

Montauk Renewables has an average 1 year price target of $7.00, an upside of 23.67% from Montauk Renewables's current stock price of $5.66.

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. Energy Co Of Minas Gerais (NYSE:CIG)


Energy Co Of Minas Gerais (NYSE:CIG) is the second best diversified utility stock with a Zen Score of 52, which is 13 points higher than the diversified utility industry average of 39. It passed 19 out of 38 due diligence checks and has strong fundamentals. Energy Co Of Minas Gerais has seen its stock lose -2.14% over the past year, underperforming other diversified utility stocks by -2 percentage points.

3. Otter Tail (NASDAQ:OTTR)


Otter Tail (NASDAQ:OTTR) is the third best diversified utility stock with a Zen Score of 48, which is 9 points higher than the diversified utility industry average of 39. It passed 17 out of 38 due diligence checks and has strong fundamentals. Otter Tail has seen its stock return 8.66% over the past year, overperforming other diversified utility stocks by 9 percentage points.

What are the diversified utility stocks with highest dividends?

Out of 8 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 11.16%, which is 7 percentage points higher than the diversified utility industry average of 4.2%. Energy Co Of Minas Gerais's dividend payout is not stable, having dropped more than 10% sixteen 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 46% indicates that its high dividend yield is sustainable for the long-term.

2. Avista (NYSE:AVA)


Avista (NYSE:AVA) has an annual dividend yield of 5.19%, which is 1 percentage points higher than the diversified utility industry average of 4.2%. Avista's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Avista's dividend has shown consistent growth over the last 10 years.

Avista's dividend payout ratio of 76.7% indicates that its high dividend yield is sustainable for the long-term.

3. Black Hills (NYSE:BKH)


Black Hills (NYSE:BKH) has an annual dividend yield of 4.45%, which is the same as the diversified utility industry average of 4.2%. Black Hills's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Black Hills's dividend has shown consistent growth over the last 10 years.

Black Hills's dividend payout ratio of 62% indicates that its high dividend yield is sustainable for the long-term.

Why are diversified utility stocks up?

Diversified utility stocks were up 0.67% in the last day, and up 4.56% 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 32 points higher than the diversified utility industry average of 39. It passed 5 out of 7 valuation due diligence checks.

Energy Co Of Minas Gerais's stock has dropped -2.14% in the past year. It has underperformed other stocks in the diversified utility industry by -2 percentage points.

2. Sempra (NYSE:SRE)


Sempra (NYSE:SRE) is the second most undervalued diversified utility stock based on WallStreetZen's Valuation Score. Sempra has a valuation score of 43, which is 4 points higher than the diversified utility industry average of 39. It passed 3 out of 7 valuation due diligence checks.

Sempra's stock has gained 3.61% in the past year. It has overperformed other stocks in the diversified utility industry by 4 percentage points.

3. Northwestern Energy Group (NASDAQ:NWE)


Northwestern Energy Group (NASDAQ:NWE) is the third most undervalued diversified utility stock based on WallStreetZen's Valuation Score. Northwestern Energy Group has a valuation score of 43, which is 4 points higher than the diversified utility industry average of 39. It passed 3 out of 7 valuation due diligence checks.

Northwestern Energy Group's stock has dropped -10.13% in the past year. It has underperformed other stocks in the diversified utility industry by -10 percentage points.

Are diversified utility stocks a good buy now?

37.5% of diversified utility stocks rated by analysts are a strong buy right now. On average, analysts expect diversified utility stocks to rise by 3.03% 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 28.02x.
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.