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Sectors & IndustriesUtilitiesUtilities - Regulated Water
Best Water Stocks to Buy Now (2023)
Top water stocks in 2023 ranked by overall Zen Score. See the best water stocks to buy now, according to analyst forecasts for the utilities - regulated water industry.

Industry: Utilities - Regulated Wat...
Overview
Zen ScorePriceValuationFinancialsForecastEarnings & RevenueDividendsOwnershipTechnicals
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
AWK
AMERICAN WATER WORKS COMPANY INC
NYSE
Utilities - Regulated Water
$28.55B$157.020.52%$3.08B21.63x2.50
CWCO
CONSOLIDATED WATER CO LTD
NASDAQ
Utilities - Regulated Water
$220.21M$14.400.91%$12.18M38.92x0.12
CWT
CALIFORNIA WATER SERVICE GROUP
NYSE
Utilities - Regulated Water
$3.39B$61.92-0.59%$246.05M41.84x1.99
SBS
COMPANHIA DE SANEAMENTO BASICO DO ESTADO DE SAO PAULO-SABESP
NYSE
Utilities - Regulated Water
$7.18B$10.50-1.50%$1.49B14.32x1.13
MSEX
MIDDLESEX WATER CO
NASDAQ
Utilities - Regulated Water
$1.52B$85.93-0.15%$82.22M35.66x1.68
PCYO
PURE CYCLE CORP
NASDAQ
Utilities - Regulated Water
$221.40M$9.230.22%$13.32M27.15x0.13
WTRG
ESSENTIAL UTILITIES INC
NYSE
Utilities - Regulated Water
$12.34B$47.060.28%$981.24M26.59x1.86
AWR
AMERICAN STATES WATER CO
NYSE
Utilities - Regulated Water
$3.52B$95.190.21%$171.77M44.07x1.81
CDZI
CADIZ INC
NASDAQ
Utilities - Regulated Water
$228.32M$4.09-7.67%-$15.10M-6.82x2.26
YORW
YORK WATER CO
NASDAQ
Utilities - Regulated Water
$639.86M$44.82-1.60%$33.23M32.96x1.41
GWRS
GLOBAL WATER RESOURCES INC
NASDAQ
Utilities - Regulated Water
$340.33M$14.264.01%$20.47M64.82x6.22
SJW
SJW GROUP
NYSE
Utilities - Regulated Water
$2.34B$77.09-0.57%$225.48M39.94x2.44
ARIS
ARIS WATER SOLUTIONS INC
NYSE
Utilities - Regulated Water
$888.54M$15.50-2.94%$100.97MN/A2.22
ARTNA
ARTESIAN RESOURCES CORP
NASDAQ
Utilities - Regulated Water
$541.08M$57.01-7.00%$45.16M28.79x2.59
1

Water Stocks FAQ

What are the best water stocks to buy right now in Jan 2023?

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

1. American Water Works Company (NYSE:AWK)


American Water Works Company (NYSE:AWK) is the top water stock with a Zen Score of 40, which is 7 points higher than the water industry average of 33. It passed 14 out of 38 due diligence checks and has average fundamentals. American Water Works Company has seen its stock return 0.56% over the past year, underperforming other water stocks by -3 percentage points.

American Water Works Company has an average 1 year price target of $156.60, a downside of -0.27% from American Water Works Company's current stock price of $157.02.

American Water Works Company stock has a consensus Buy recommendation according to Wall Street analysts. Of the 6 analysts covering American Water Works Company, 33.33% have issued a Strong Buy rating, 0% have issued a Buy, 66.67% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Consolidated Water Co (NASDAQ:CWCO)


Consolidated Water Co (NASDAQ:CWCO) is the second best water stock with a Zen Score of 39, which is 6 points higher than the water industry average of 33. It passed 13 out of 38 due diligence checks and has average fundamentals. Consolidated Water Co has seen its stock return 46.79% over the past year, overperforming other water stocks by 43 percentage points.

Consolidated Water Co has an average 1 year price target of $20.00, an upside of 38.89% from Consolidated Water Co's current stock price of $14.40.

Consolidated Water Co stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Consolidated Water Co, 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. California Water Service Group (NYSE:CWT)


California Water Service Group (NYSE:CWT) is the third best water stock with a Zen Score of 37, which is 4 points higher than the water industry average of 33. It passed 12 out of 38 due diligence checks and has average fundamentals. California Water Service Group has seen its stock return 2.87% over the past year, underperforming other water stocks by -1 percentage points.

California Water Service Group has an average 1 year price target of $64.00, an upside of 3.36% from California Water Service Group's current stock price of $61.92.

California Water Service Group stock has a consensus Sell recommendation according to Wall Street analysts. Of the 2 analysts covering California Water Service Group, 0% have issued a Strong Buy rating, 0% have issued a Buy, 50% have issued a hold, while 0% have issued a Sell rating, and 50% have issued a Strong Sell.

What are the water stocks with highest dividends?

Out of 12 water stocks that have issued dividends in the past year, the 3 water stocks with the highest dividend yields are:

1. Essential Utilities (NYSE:WTRG)


Essential Utilities (NYSE:WTRG) has an annual dividend yield of 2.97%, which is 1 percentage points higher than the water industry average of 1.99%. Essential Utilities's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Essential Utilities's dividend has shown consistent growth over the last 10 years.

Essential Utilities's dividend payout ratio of 77.9% indicates that its dividend yield is sustainable for the long-term.

2. Artesian Resources (NASDAQ:ARTNA)


Artesian Resources (NASDAQ:ARTNA) has an annual dividend yield of 2.4%, which is the same as the water industry average of 1.99%. Artesian Resources's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Artesian Resources's dividend has shown consistent growth over the last 10 years.

Artesian Resources's dividend payout ratio of 54.6% indicates that its dividend yield is sustainable for the long-term.

3. Consolidated Water Co (NASDAQ:CWCO)


Consolidated Water Co (NASDAQ:CWCO) has an annual dividend yield of 2.36%, which is the same as the water industry average of 1.99%. Consolidated Water Co's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Consolidated Water Co's dividend has shown consistent growth over the last 10 years.

Consolidated Water Co's dividend payout ratio of 91.9% indicates that its dividend yield might not be sustainable for the long-term.

Why are water stocks down?

Water stocks were down -0.73% in the last day, and up 1.72% over the last week.

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

What are the most undervalued water stocks?

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

1. Sabesp (NYSE:SBS)


Sabesp (NYSE:SBS) is the most undervalued water stock based on WallStreetZen's Valuation Score. Sabesp has a valuation score of 43, which is 26 points higher than the water industry average of 17. It passed 3 out of 7 valuation due diligence checks.

Sabesp's stock has gained 53.28% in the past year. It has overperformed other stocks in the water industry by 50 percentage points.

2. American Water Works Company (NYSE:AWK)


American Water Works Company (NYSE:AWK) is the second most undervalued water stock based on WallStreetZen's Valuation Score. American Water Works Company has a valuation score of 29, which is 12 points higher than the water industry average of 17. It passed 2 out of 7 valuation due diligence checks.

American Water Works Company's stock has gained 0.56% in the past year. It has underperformed other stocks in the water industry by -3 percentage points.

3. Consolidated Water Co (NASDAQ:CWCO)


Consolidated Water Co (NASDAQ:CWCO) is the third most undervalued water stock based on WallStreetZen's Valuation Score. Consolidated Water Co has a valuation score of 29, which is 12 points higher than the water industry average of 17. It passed 2 out of 7 valuation due diligence checks.

Consolidated Water Co's stock has gained 46.79% in the past year. It has overperformed other stocks in the water industry by 43 percentage points.

Are water stocks a good buy now?

61.54% of water stocks rated by analysts are a strong buy right now. On average, analysts expect water stocks to rise by 6.32% over the next year.

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

The average P/E ratio of the utilities - regulated water industry is 25.27x.
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