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Sectors & IndustriesUtilitiesUtilities - Regulated Water
Best Water Stocks to Buy Now (2024)
Top water stocks in 2024 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...
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
CWCO
CONSOLIDATED WATER CO LTD
$400.16M$25.28N/AN/AN/AN/A-7.01%-15.07%12.61%10.85%
ARIS
ARIS WATER SOLUTIONS INC
$864.40M$14.88$17.0014.25%Strong Buy55.58%27.86%25.56%6.20%
WTRG
ESSENTIAL UTILITIES INC
$10.38B$37.94$42.5012.02%Buy27.43%-0.30%9.90%3.53%
YORW
YORK WATER CO
$530.03M$36.95N/AN/AN/AN/A1.01%-5.29%10.87%4.03%
CWT
CALIFORNIA WATER SERVICE GROUP
$2.84B$49.10$52.005.91%Buy2-1.01%3.12%10.04%3.08%
ARTNA
ARTESIAN RESOURCES CORP
$374.40M$36.40N/AN/AN/AN/A4.05%17.06%9.31%2.79%
SBS
COMPANHIA DE SANEAMENTO BASICO DO ESTADO DE SAO PAULO-SABESP
$9.82B$14.36N/AN/AN/AN/AN/A6.85%10.59%5.15%
AWK
AMERICAN WATER WORKS COMPANY INC
$25.75B$132.18$137.003.65%Hold22.29%7.38%11.87%3.82%
AWR
AMERICAN STATES WATER CO
$2.71B$72.78$80.009.92%Strong Sell11.61%3.44%16.28%5.68%
MSEX
MIDDLESEX WATER CO
$953.47M$53.48$58.008.45%Buy17.92%11.76%10.00%3.42%
GWRS
GLOBAL WATER RESOURCES INC
$291.81M$12.07N/AN/AN/AN/A3.67%9.62%15.72%1.96%
SJW
SJW GROUP
$1.72B$53.33$65.0021.88%Buy22.90%6.17%9.20%2.61%
PCYO
PURE CYCLE CORP
$219.69M$9.12N/AN/AN/AN/AN/AN/AN/AN/A
CDZI
CADIZ INC
$208.13M$3.07N/AN/AN/AN/A138.51%N/A-40.74%-11.88%

Water Stocks FAQ

What are the best water stocks to buy right now in Jun 2024?

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

1. Consolidated Water Co (NASDAQ:CWCO)


Consolidated Water Co (NASDAQ:CWCO) is the top water stock with a Zen Score of 60, which is 24 points higher than the water industry average of 36. It passed 22 out of 38 due diligence checks and has strong fundamentals. Consolidated Water Co has seen its stock return 4.85% over the past year, overperforming other water stocks by 17 percentage points.

2. Aris Water Solutions (NYSE:ARIS)


Aris Water Solutions (NYSE:ARIS) is the second best water stock with a Zen Score of 45, which is 9 points higher than the water industry average of 36. It passed 19 out of 38 due diligence checks and has strong fundamentals. Aris Water Solutions has seen its stock return 57.79% over the past year, overperforming other water stocks by 70 percentage points.

Aris Water Solutions has an average 1 year price target of $17.00, an upside of 14.25% from Aris Water Solutions's current stock price of $14.88.

Aris Water Solutions stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Aris Water Solutions, 60% have issued a Strong Buy rating, 20% have issued a Buy, 20% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Essential Utilities (NYSE:WTRG)


Essential Utilities (NYSE:WTRG) is the third best water stock with a Zen Score of 43, which is 7 points higher than the water industry average of 36. It passed 15 out of 38 due diligence checks and has strong fundamentals. Essential Utilities has seen its stock lose -4.77% over the past year, overperforming other water stocks by 7 percentage points.

Essential Utilities has an average 1 year price target of $42.50, an upside of 12.02% from Essential Utilities's current stock price of $37.94.

Essential Utilities stock has a consensus Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Essential Utilities, 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.

What are the water stocks with highest dividends?

Out of 11 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 3.24%, which is 1 percentage points higher than the water industry average of 2.42%. 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 57.3% 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 3.18%, which is 1 percentage points higher than the water industry average of 2.42%. 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 67.5% indicates that its dividend yield is sustainable for the long-term.

3. Sjw Group (NYSE:SJW)


Sjw Group (NYSE:SJW) has an annual dividend yield of 2.93%, which is 1 percentage points higher than the water industry average of 2.42%. 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 57.7% indicates that its dividend yield is sustainable for the long-term.

Why are water stocks up?

Water stocks were up 2.31% in the last day, and up 3.14% over the last week.

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

What are the most undervalued water stocks?

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

1. California Water Service Group (NYSE:CWT)


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 15 points higher than the water industry average of 28. It passed 3 out of 7 valuation due diligence checks.

California Water Service Group's stock has dropped -1.6% in the past year. It has overperformed other stocks in the water industry by 10 percentage points.

2. Sabesp (NYSE:SBS)


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 15 points higher than the water industry average of 28. It passed 3 out of 7 valuation due diligence checks.

Sabesp's stock has gained 24.33% in the past year. It has overperformed other stocks in the water industry by 36 percentage points.

3. Aris Water Solutions (NYSE:ARIS)


Aris Water Solutions (NYSE:ARIS) is the third most undervalued water stock based on WallStreetZen's Valuation Score. Aris Water Solutions has a valuation score of 43, which is 15 points higher than the water industry average of 28. It passed 3 out of 7 valuation due diligence checks.

Aris Water Solutions's stock has gained 57.79% in the past year. It has overperformed other stocks in the water industry by 70 percentage points.

Are water stocks a good buy now?

57.14% of water stocks rated by analysts are a buy right now. On average, analysts expect water stocks to rise by 9.14% 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 22.11x.
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.