Sectors & IndustriesUtilitiesUtilities - Regulated Water

Best Water Stocks to Buy Now (2024)

Top water stocks in 2024 ranked by overall Due Diligence Score. See the best water stocks to buy now, according to analyst forecasts for the utilities - regulated water industry.

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

Consolidated Water Co (NASDAQ:CWCO) is the top water stock with a Due Diligence Score of 58, which is 22 points higher than the water industry average of 36. It passed 21 out of 38 due diligence checks and has strong fundamentals. Consolidated Water Co has seen its stock lose -28.98% over the past year, underperforming other water stocks by -25 percentage points.

Artesian Resources (NASDAQ:ARTNA) is the second best water stock with a Due Diligence Score of 43, which is 7 points higher than the water industry average of 36. It passed 14 out of 38 due diligence checks and has strong fundamentals. Artesian Resources has seen its stock lose -22.63% over the past year, underperforming other water stocks by -18 percentage points.

California Water Service Group (NYSE:CWT) is the third best water stock with a Due Diligence Score of 42, which is 6 points higher than the water industry average of 36. It passed 15 out of 38 due diligence checks and has strong fundamentals. California Water Service Group has seen its stock lose -7.64% over the past year, underperforming other water stocks by -3 percentage points.

California Water Service Group has an average 1 year price target of $57.00, an upside of 17.04% from California Water Service Group's current stock price of $48.70.

California Water Service Group stock has a consensus Hold recommendation according to Wall Street analysts. Of the 1 analyst covering California Water Service Group, 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.

Out of 11 water stocks that have issued dividends in the past year, the 3 water stocks with the highest dividend yields are:

Artesian Resources (NASDAQ:ARTNA) has an annual dividend yield of 3.46%, which is 1 percentage points higher than the water industry average of 2.44%. 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 60% indicates that its dividend yield is sustainable for the long-term.

Essential Utilities (NYSE:WTRG) has an annual dividend yield of 3.25%, which is 1 percentage points higher than the water industry average of 2.44%. 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 62.7% indicates that its dividend yield is sustainable for the long-term.

Sjw Group (NASDAQ:SJW) has an annual dividend yield of 3.02%, which is 1 percentage points higher than the water industry average of 2.44%. Sjw Group's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Sjw Group's dividend has shown consistent growth over the last 10 years.

Sjw Group's dividend payout ratio of 57.2% indicates that its dividend yield is sustainable for the long-term.

Water stocks were down -0.3% in the last day, and down -4.18% over the last week.

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

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

California Water Service Group (NYSE:CWT) is the most undervalued water stock based on WallStreetZen's Valuation Score. California Water Service Group has a valuation score of 43, which is 20 points higher than the water industry average of 23. It passed 3 out of 7 valuation due diligence checks.

California Water Service Group's stock has dropped -7.64% in the past year. It has underperformed other stocks in the water industry by -3 percentage points.

Sabesp (NYSE:SBS) is the second most undervalued water stock based on WallStreetZen's Valuation Score. Sabesp has a valuation score of 43, which is 20 points higher than the water industry average of 23. It passed 3 out of 7 valuation due diligence checks.

Sabesp's stock has gained 7.01% in the past year. It has overperformed other stocks in the water industry by 11 percentage points.

Sjw Group (NASDAQ:SJW) is the third most undervalued water stock based on WallStreetZen's Valuation Score. Sjw Group has a valuation score of 43, which is 20 points higher than the water industry average of 23. It passed 3 out of 7 valuation due diligence checks.

Sjw Group's stock has dropped -21.69% in the past year. It has underperformed other stocks in the water industry by -17 percentage points.