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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
Performance Score
Market Cap
Revenue
EBITDA
Earnings
EPS
Revenue Growth Y/Y
Revenue Growth 5Y
Earnings Growth Y/Y
Earnings Growth 5Y
Earnings Date
CIG
ENERGY CO OF MINAS GERAIS
$5.70B$7.24B$1.92B$1.13B$0.5216.15%5.66%52.84%24.34%
OTTR
OTTER TAIL CORP
$3.84B$1.36B$517.96M$306.05M$7.35-4.72%8.06%11.36%28.72%
MNTK
MONTAUK RENEWABLES INC
$699.09M$194.54M$63.12M$20.59M$0.151.04%N/A-34.78%N/A
AVA
AVISTA CORP
$3.00B$1.89B$576.46M$187.83M$2.429.49%6.39%28.72%-4.21%
ALE
ALLETE INC
$3.67B$1.72B$606.30M$239.60M$4.18-1.93%2.79%31.45%2.14%
AES
AES CORP
$15.12B$12.51B$3.22B$530.00M$0.76-3.77%3.29%N/A-5.71%
SRE
SEMPRA
$49.42B$13.80B$6.72B$2.86B$4.54-19.67%5.69%16.58%19.58%
BKH
BLACK HILLS CORP
$3.92B$2.14B$746.84M$276.02M$4.07-19.36%3.76%4.36%0.40%
UTL
UNITIL CORP
$876.17M$515.60M$160.20M$48.30M$3.00-12.73%2.74%9.09%0.34%
BIP
BROOKFIELD INFRASTRUCTURE PARTNERS LP
$14.14B$18.90B$6.84B$183.00M$0.3124.06%29.29%287.50%50.61%
NWE
NORTHWESTERN ENERGY GROUP INC
$3.24B$1.44B$535.88M$196.69M$3.23-6.17%3.17%-0.31%-5.16%
ELP
ENERGY CO OF PARANA
$4.46B$4.22B$1.23B$443.95M$0.7713.62%3.30%119.89%4.98%

Diversified Utility Stocks FAQ

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

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

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


Energy Co Of Minas Gerais (NYSE:CIG) is the top diversified utility stock with a Zen Score of 50, which is 13 points higher than the diversified utility industry average of 37. It passed 18 out of 38 due diligence checks and has strong fundamentals. Energy Co Of Minas Gerais has seen its stock return 8.37% over the past year, overperforming other diversified utility stocks by 9 percentage points.

2. Montauk Renewables (NASDAQ:MNTK)


Montauk Renewables (NASDAQ:MNTK) is the second best diversified utility stock with a Zen Score of 48, which is 11 points higher than the diversified utility industry average of 37. It passed 16 out of 33 due diligence checks and has strong fundamentals. Montauk Renewables has seen its stock lose -26.06% over the past year, underperforming other diversified utility stocks by -26 percentage points.

Montauk Renewables has an average 1 year price target of $7.00, an upside of 43.88% from Montauk Renewables's current stock price of $4.87.

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.

3. Otter Tail (NASDAQ:OTTR)


Otter Tail (NASDAQ:OTTR) is the third best diversified utility stock with a Zen Score of 48, which is 11 points higher than the diversified utility industry average of 37. It passed 17 out of 38 due diligence checks and has strong fundamentals. Otter Tail has seen its stock return 20% over the past year, overperforming other diversified utility stocks by 20 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 10.94%, which is 7 percentage points higher than the diversified utility industry average of 4.34%. 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.

2. Brookfield Infrastructure Partners (NYSE:BIP)


Brookfield Infrastructure Partners (NYSE:BIP) has an annual dividend yield of 5.07%, which is 1 percentage points higher than the diversified utility industry average of 4.34%. 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 501% 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 4.84%, which is 1 percentage points higher than the diversified utility industry average of 4.34%. 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.

Why are diversified utility stocks up?

Diversified utility stocks were up 0.15% in the last day, and up 0.77% 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 33 points higher than the diversified utility industry average of 38. It passed 5 out of 7 valuation due diligence checks.

Energy Co Of Minas Gerais's stock has gained 8.37% in the past year. It has overperformed other stocks in the diversified utility industry by 9 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 43, which is 5 points higher than the diversified utility industry average of 38. It passed 3 out of 7 valuation due diligence checks.

Northwestern Energy Group's stock has dropped -8.9% in the past year. It has underperformed other stocks in the diversified utility industry by -9 percentage points.

3. Aes (NYSE:AES)


Aes (NYSE:AES) is the third most undervalued diversified utility stock based on WallStreetZen's Valuation Score. Aes has a valuation score of 43, which is 5 points higher than the diversified utility industry average of 38. It passed 3 out of 7 valuation due diligence checks.

Aes's stock has gained 0.57% in the past year. It has overperformed other stocks in the diversified utility industry by 1 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 1.55% 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 28.14x.
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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.