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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
Country
Market Cap
Shares
Institutional %
Insider %
Net Insider (L12M)
Net Insider (L3M)
MNTK
MONTAUK RENEWABLES INC
United States
$805.67M143,613,39815.79%43.89%Net Selling
OTTR
OTTER TAIL CORP
United States
$3.28B41,827,96758.93%3.82%Net BuyingNet Selling
ALE
ALLETE INC
United States
$3.70B57,818,97174.35%1.37%Net Selling
CIG
ENERGY CO OF MINAS GERAIS
Brazil
$5.64B2,861,781,8945.66%0.00%
AES
AES CORP
United States
$10.83B711,027,04387.81%12.19%Net Selling
BKH
BLACK HILLS CORP
United States
$4.02B69,748,45884.73%1.78%Net Buying
AVA
AVISTA CORP
United States
$2.86B78,703,76185.94%2.20%Net BuyingNet Selling
SRE
SEMPRA
United States
$51.16B633,145,87590.32%0.75%Net Selling
UTL
UNITIL CORP
United States
$918.03M16,173,97176.37%5.24%Net BuyingNet Buying
ELP
ENERGY CO OF PARANA
Brazil
$3.99B2,982,810,5900.72%0.00%
NWE
NORTHWESTERN ENERGY GROUP INC
United States
$3.22B61,314,21781.69%18.31%Net BuyingNet Buying
BIP
BROOKFIELD INFRASTRUCTURE PARTNERS LP
Bermuda
$15.64B461,343,97257.48%0.00%

Diversified Utility Stocks FAQ

What are the best diversified utility stocks to buy right now in Nov 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 63, which is 24 points higher than the diversified utility industry average of 39. It passed 21 out of 33 due diligence checks and has strong fundamentals. Montauk Renewables has seen its stock lose -47.13% over the past year, underperforming other diversified utility stocks by -54 percentage points.

Montauk Renewables has an average 1 year price target of $6.00, an upside of 6.95% from Montauk Renewables's current stock price of $5.61.

Montauk Renewables stock has a consensus Hold recommendation according to Wall Street analysts. Of the 2 analysts covering Montauk Renewables, 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. Otter Tail (NASDAQ:OTTR)


Otter Tail (NASDAQ:OTTR) is the second best diversified utility stock with a Zen Score of 50, which is 11 points higher than the diversified utility industry average of 39. It passed 18 out of 38 due diligence checks and has strong fundamentals. Otter Tail has seen its stock lose -3.74% over the past year, underperforming other diversified utility stocks by -10 percentage points.

3. Allete (NYSE:ALE)


Allete (NYSE:ALE) is the third best diversified utility stock with a Zen Score of 50, which is 11 points higher than the diversified utility industry average of 39. It passed 17 out of 38 due diligence checks and has strong fundamentals. Allete has seen its stock return 13.45% over the past year, overperforming other diversified utility stocks by 7 percentage points.

Allete has an average 1 year price target of $67.00, an upside of 4.67% from Allete's current stock price of $64.01.

Allete stock has a consensus Hold recommendation according to Wall Street analysts. Of the 1 analyst 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.

What are the diversified utility stocks with highest dividends?

Out of 10 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 15.51%, which is 11 percentage points higher than the diversified utility industry average of 4.77%. Energy Co Of Minas Gerais's dividend payout is not stable, having dropped more than 10% seventeen 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 5.18%, which is the same as the diversified utility industry average of 4.77%. 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 75.4% indicates that its high dividend yield is sustainable for the long-term.

3. Aes (NYSE:AES)


Aes (NYSE:AES) has an annual dividend yield of 4.53%, which is the same as the diversified utility industry average of 4.77%. Aes's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Aes's dividend has shown consistent growth over the last 10 years.

Aes's dividend payout ratio of 35.4% indicates that its high dividend yield is sustainable for the long-term.

Why are diversified utility stocks down?

Diversified utility stocks were down -0.03% in the last day, and down -3.73% 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. Aes (NYSE:AES)


Aes (NYSE:AES) is the most undervalued diversified utility stock based on WallStreetZen's Valuation Score. Aes has a valuation score of 43, which is 7 points higher than the diversified utility industry average of 36. It passed 3 out of 7 valuation due diligence checks.

Aes's stock has dropped -6.79% in the past year. It has underperformed other stocks in the diversified utility industry by -13 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 7 points higher than the diversified utility industry average of 36. It passed 3 out of 7 valuation due diligence checks.

Northwestern Energy Group's stock has gained 2.24% in the past year. It has underperformed other stocks in the diversified utility industry by -4 percentage points.

3. Montauk Renewables (NASDAQ:MNTK)


Montauk Renewables (NASDAQ:MNTK) is the third most undervalued diversified utility stock based on WallStreetZen's Valuation Score. Montauk Renewables has a valuation score of 43, which is 7 points higher than the diversified utility industry average of 36. It passed 3 out of 7 valuation due diligence checks.

Montauk Renewables's stock has dropped -47.13% in the past year. It has underperformed other stocks in the diversified utility industry by -54 percentage points.

Are diversified utility stocks a good buy now?

50% of diversified utility stocks rated by analysts are a hold right now. On average, analysts expect diversified utility stocks to rise by 10.12% 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 -16.57x.
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