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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...
OverviewZen ScorePriceValuationFinancialsForecastEarnings & RevenueDividendsOwnership
Technicals
Ticker
Company
Country
Market Cap
Shares
Institutional %
Insider %
Net Insider (L12M)
Net Insider (L3M)
CWCO
CONSOLIDATED WATER CO LTD
Cayman Islands
$385.26M15,802,18755.00%7.50%Net Buying
WTRG
ESSENTIAL UTILITIES INC
United States
$9.45B273,298,40974.72%0.71%Net SellingNet Selling
ARIS
ARIS WATER SOLUTIONS INC
United States
$813.18M57,795,17836.36%63.64%Net SellingNet Selling
YORW
YORK WATER CO
United States
$487.51M14,334,18349.85%21.11%Net BuyingNet Buying
AWR
AMERICAN STATES WATER CO
United States
$2.50B36,988,76475.15%2.80%Net BuyingNet Buying
SBS
COMPANHIA DE SANEAMENTO BASICO DO ESTADO DE SAO PAULO-SABESP
Brazil
$10.61B683,509,86910.75%0.00%
MSEX
MIDDLESEX WATER CO
United States
$844.57M17,821,67071.69%5.38%Net SellingNet Selling
ARTNA
ARTESIAN RESOURCES CORP
United States
$354.43M10,288,23857.19%6.21%Net Buying
AWK
AMERICAN WATER WORKS COMPANY INC
United States
$22.59B194,755,32086.58%0.62%Net SellingNet Selling
PCYO
PURE CYCLE CORP
United States
$228.84M24,088,73415.07%84.93%Net Buying
SJW
SJW GROUP
United States
$1.69B32,060,35376.20%22.53%Net SellingNet Selling
CWT
CALIFORNIA WATER SERVICE GROUP
United States
$2.56B57,675,17982.60%1.92%Net BuyingNet Buying
GWRS
GLOBAL WATER RESOURCES INC
United States
$290.34M24,175,24122.84%77.16%Net BuyingNet Selling
CDZI
CADIZ INC
United States
$150.89M67,063,45026.01%73.99%Net Selling
1

Water Stocks FAQ

What are the best water stocks to buy right now in Apr 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 58, which is 23 points higher than the water industry average of 35. It passed 21 out of 38 due diligence checks and has strong fundamentals. Consolidated Water Co has seen its stock return 40.76% over the past year, overperforming other water stocks by 64 percentage points.

2. Essential Utilities (NYSE:WTRG)


Essential Utilities (NYSE:WTRG) is the second best water stock with a Zen Score of 43, which is 8 points higher than the water industry average of 35. It passed 15 out of 38 due diligence checks and has strong fundamentals. Essential Utilities has seen its stock lose -20.7% over the past year, overperforming other water stocks by 2 percentage points.

Essential Utilities has an average 1 year price target of $42.00, an upside of 21.53% from Essential Utilities's current stock price of $34.56.

Essential Utilities stock has a consensus Buy recommendation according to Wall Street analysts. Of the 1 analyst 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.

3. Aris Water Solutions (NYSE:ARIS)


Aris Water Solutions (NYSE:ARIS) is the third best water stock with a Zen Score of 42, which is 7 points higher than the water industry average of 35. It passed 18 out of 38 due diligence checks and has strong fundamentals. Aris Water Solutions has seen its stock return 71.38% over the past year, overperforming other water stocks by 95 percentage points.

Aris Water Solutions has an average 1 year price target of $13.80, a downside of -1.92% from Aris Water Solutions's current stock price of $14.07.

Aris Water Solutions stock has a consensus Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Aris Water Solutions, 40% have issued a Strong Buy rating, 40% have issued a Buy, 20% 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 3.5%, which is 1 percentage points higher than the water industry average of 2.53%. 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 64.9% 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 3.33%, which is 1 percentage points higher than the water industry average of 2.53%. 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 68.7% 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 2.92%, which is the same as the water industry average of 2.53%. 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.

Why are water stocks down?

Water stocks were down -0.22% in the last day, and down -4.13% 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. Essential Utilities (NYSE:WTRG)


Essential Utilities (NYSE:WTRG) is the most undervalued water stock based on WallStreetZen's Valuation Score. Essential Utilities has a valuation score of 43, which is 12 points higher than the water industry average of 31. It passed 3 out of 7 valuation due diligence checks.

Essential Utilities's stock has dropped -20.7% in the past year. It has overperformed other stocks in the water industry by 2 percentage points.

2. Middlesex Water Co (NASDAQ:MSEX)


Middlesex Water Co (NASDAQ:MSEX) is the second most undervalued water stock based on WallStreetZen's Valuation Score. Middlesex Water Co has a valuation score of 43, which is 12 points higher than the water industry average of 31. It passed 3 out of 7 valuation due diligence checks.

Middlesex Water Co's stock has dropped -39.86% in the past year. It has underperformed other stocks in the water industry by -17 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 12 points higher than the water industry average of 31. It passed 3 out of 7 valuation due diligence checks.

Aris Water Solutions's stock has gained 71.38% in the past year. It has overperformed other stocks in the water industry by 95 percentage points.

Are water stocks a good buy now?

85.71% of water stocks rated by analysts are a buy right now. On average, analysts expect water stocks to rise by 18.06% 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 22.28x.
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