WallStreetZenWallStreetZen

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
Forecast Score
Market Cap
Price
Price Target
Upside/Downside
Top Analysts Upside/Downside
Consensus
Top Analysts Consensus
Analysts
Top Analysts
Fore. Revenue Growth
Fore. Earnings Growth
Forecast ROE
Forecast ROA
MNTK
MONTAUK RENEWABLES INC
$805.94M$5.61$9.0060.43%Buy127.42%563.64%51.98%36.58%
ALE
ALLETE INC
$3.23B$56.09$60.337.56%Hold33.55%-3.06%N/AN/A
OTTR
OTTER TAIL CORP
$3.70B$88.80N/AN/AN/AN/A-0.99%-16.03%N/AN/A
CIG
ENERGY CO OF MINAS GERAIS
$5.17B$2.35$2.9023.40%Strong Buy1N/AN/AN/AN/A
AVA
AVISTA CORP
$2.62B$33.49$33.500.03%Sell23.34%8.99%N/AN/A
BKH
BLACK HILLS CORP
$3.54B$51.90$54.254.53%Hold4N/AN/AN/AN/A
AES
AES CORP
$10.70B$15.06$20.3335.01%Buy32.52%427.03%61.38%3.41%
SRE
SEMPRA
$44.67B$70.67$81.4415.24%Strong Buy82.36%3.42%N/AN/A
UTL
UNITIL CORP
$809.14M$50.06$51.001.88%Hold13.93%N/AN/AN/A
NWE
NORTHWESTERN ENERGY GROUP INC
$2.93B$47.89$51.507.54%Hold67.21%7.23%N/AN/A
BIP
BROOKFIELD INFRASTRUCTURE PARTNERS LP
$12.67B$27.64$41.1748.94%Strong Buy6N/AN/AN/AN/A
ELP
ENERGY CO OF PARANA
$4.52B$8.26N/AN/AN/AN/AN/AN/AN/AN/A

Diversified Utility Stocks FAQ

What are the best diversified utility stocks to buy right now in Feb 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 16 points higher than the diversified utility industry average of 38. It passed 18 out of 33 due diligence checks and has strong fundamentals. Montauk Renewables has seen its stock lose -43.1% over the past year, underperforming other diversified utility stocks by -35 percentage points.

Montauk Renewables has an average 1 year price target of $9.00, an upside of 60.43% from Montauk Renewables's current stock price of $5.61.

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

2. Allete (NYSE:ALE)


Allete (NYSE:ALE) is the second best diversified utility stock with a Zen Score of 50, which is 12 points higher than the diversified utility industry average of 38. It passed 17 out of 38 due diligence checks and has strong fundamentals. Allete has seen its stock lose -8.33% over the past year.

Allete has an average 1 year price target of $60.33, an upside of 7.56% from Allete's current stock price of $56.09.

Allete stock has a consensus Hold recommendation according to Wall Street analysts. Of the 3 analysts covering Allete, 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.

3. Otter Tail (NASDAQ:OTTR)


Otter Tail (NASDAQ:OTTR) is the third best diversified utility stock with a Zen Score of 49, which is 11 points higher than the diversified utility industry average of 38. It passed 17 out of 38 due diligence checks and has strong fundamentals. Otter Tail has seen its stock return 25.26% over the past year, overperforming other diversified utility stocks by 33 percentage points.

What are the diversified utility stocks with highest dividends?

Out of 9 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 11.06%, which is 6 percentage points higher than the diversified utility industry average of 4.91%. 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 57% indicates that its high dividend yield is sustainable for the long-term.

2. Brookfield Infrastructure Partners (NYSE:BIP)


Brookfield Infrastructure Partners (NYSE:BIP) has an annual dividend yield of 5.62%, which is 1 percentage points higher than the diversified utility industry average of 4.91%. Brookfield Infrastructure Partners's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Brookfield Infrastructure Partners's dividend has shown consistent growth over the last 10 years.

Brookfield Infrastructure Partners's dividend payout ratio of 486.1% indicates that its high dividend yield might not be sustainable for the long-term.

3. Avista (NYSE:AVA)


Avista (NYSE:AVA) has an annual dividend yield of 5.54%, which is 1 percentage points higher than the diversified utility industry average of 4.91%. 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 61.6% indicates that its high dividend yield is sustainable for the long-term.

Why are diversified utility stocks down?

Diversified utility stocks were down -0.59% in the last day, and down -2.54% over the last week.

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

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 gained 20.51% in the past year. It has overperformed other stocks in the diversified utility industry by 29 percentage points.

2. Northwestern Energy Group (NASDAQ:NWE)


Northwestern Energy Group (NASDAQ:NWE) is the second most undervalued diversified utility stock based on WallStreetZen's Valuation Score. Northwestern Energy Group has a valuation score of 57, which is 18 points higher than the diversified utility industry average of 39. It passed 4 out of 7 valuation due diligence checks.

Northwestern Energy Group's stock has dropped -17.12% in the past year. It has underperformed other stocks in the diversified utility industry by -9 percentage points.

3. Energy Co Of Parana (NYSE:ELP)


Energy Co Of Parana (NYSE:ELP) is the third most undervalued diversified utility stock based on WallStreetZen's Valuation Score. Energy Co Of Parana 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.

Energy Co Of Parana's stock has gained 26.3% in the past year. It has overperformed other stocks in the diversified utility industry by 34 percentage points.

Are diversified utility stocks a good buy now?

40% of diversified utility stocks rated by analysts are a hold right now. On average, analysts expect diversified utility stocks to rise by 12.38% 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 27.46x.
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.