Sectors & IndustriesUtilities
Best Utility Stocks to Buy Now (2022)
Top utility stocks in 2022 ranked by overall Zen Score. See the best utility stocks to buy now, according to analyst forecasts for the utilities sector.

Sector: Utilities

Zen Score Price Valuation Financials Forecast Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Exchange	Industry	Market Cap	Price	1d %	EBITDA	P/E	D/E
CWCO	CONSOLIDATED WATER CO LTD	NASDAQ	Utilities - Regulated Water	$247.87M	$16.21	-3.40%	$12.11M	43.81x	0.10
NRG	NRG ENERGY INC	NYSE	Utilities - Independent Power Producers	$9.26B	$39.39	0.00%	$5.74B	2.78x	5.48
GNE	GENIE ENERGY LTD	NYSE	Utilities - Regulated Electric	$241.01M	$9.31	0.65%	$100.08M	3.13x	0.53
KEN	KENON HOLDINGS LTD	NYSE	Utilities - Regulated Electric	$1.88B	$34.87	1.45%	$1.72B	1.27x	0.95
OTTR	OTTER TAIL CORP	NASDAQ	Utilities - Diversified	$2.64B	$63.38	-1.81%	$458.37M	10.04x	1.58
UGI	UGI CORP	NYSE	Utilities - Regulated Gas	$6.88B	$32.88	-2.26%	$2.68B	5.09x	1.85
AQN	ALGONQUIN POWER & UTILITIES CORP	NYSE	Utilities - Renewable	$7.88B	$11.69	-1.93%	$838.49M	37.71x	1.91
MNTK	MONTAUK RENEWABLES INC	NASDAQ	Utilities - Diversified	$2.59B	$18.06	5.31%	$59.75M	78.52x	0.53
NEP	NEXTERA ENERGY PARTNERS LP	NYSE	Utilities - Renewable	$6.22B	$74.18	-2.01%	$432.00M	16.78x	2.03
NWE	NORTHWESTERN CORP	NASDAQ	Utilities - Diversified	$2.80B	$49.94	-2.86%	$465.29M	15.23x	1.81
CPK	CHESAPEAKE UTILITIES CORP	NYSE	Utilities - Regulated Gas	$2.15B	$121.16	-2.92%	$218.80M	23.99x	1.60
FLNC	FLUENCE ENERGY INC	NASDAQ	Utilities - Renewable	$2.50B	$14.45	0.49%	-$146.20M	2.12x	2.18
VIA	VIA RENEWABLES INC	NASDAQ	Utilities - Regulated Electric	$255.31M	$7.12	0.14%	$55.81M	9.37x	2.89
MGEE	MGE ENERGY INC	NASDAQ	Utilities - Diversified	$2.56B	$70.85	-2.57%	$227.68M	24.60x	1.62
CMS	CMS ENERGY CORP	NYSE	Utilities - Regulated Electric	$17.92B	$61.75	-2.79%	$3.43B	13.57x	3.14
IDA	IDACORP INC	NYSE	Utilities - Regulated Electric	$5.22B	$103.24	-2.45%	$547.83M	21.73x	1.75
SPH	SUBURBAN PROPANE PARTNERS LP	NYSE	Utilities - Regulated Gas	$973.78M	$15.46	0.26%	$304.85M	5.50x	2.74
NFE	NEW FORTRESS ENERGY INC	NASDAQ	Utilities - Regulated Gas	$8.71B	$41.96	1.80%	$412.44M	40.35x	2.75
XEL	XCEL ENERGY INC	NASDAQ	Utilities - Regulated Electric	$37.40B	$68.37	-2.26%	$4.69B	22.71x	2.71
AMPS	ALTUS POWER INC	NYSE	Utilities - Renewable	$2.17B	$13.90	17.10%	$137.59M	0.00x	1.68
POR	PORTLAND GENERAL ELECTRIC CO	NYSE	Utilities - Regulated Electric	$4.18B	$46.79	-2.78%	$823.00M	17.46x	2.57
ATO	ATMOS ENERGY CORP	NYSE	Utilities - Regulated Gas	$15.05B	$107.57	-1.47%	$1.44B	19.63x	1.34
AEP	AMERICAN ELECTRIC POWER CO INC	NASDAQ	Utilities - Regulated Electric	$47.71B	$92.86	-2.90%	$7.01B	18.24x	2.76
ADN	ADVENT TECHNOLOGIES HOLDINGS INC	NASDAQ	Utilities - Renewable	$167.29M	$3.24	2.86%	-$35.76M	-4.50x	0.16
PAM	PAMPA ENERGY INC	NYSE	Utilities - Regulated Electric	$1.24B	$22.45	0.18%	$535.00M	4.73x	1.16
EVRG	EVERGY INC	NYSE	Utilities - Regulated Electric	$14.44B	$62.93	-0.90%	$2.22B	17.63x	2.14
CIG	ENERGY CO OF MINAS GERAIS	NYSE	Utilities - Diversified	$5.95B	$2.08	-2.80%	$1.72B	8.16x	1.68
LNT	ALLIANT ENERGY CORP	NASDAQ	Utilities - Regulated Electric	$14.26B	$56.84	-2.05%	$1.64B	20.52x	2.16
NGG	NATIONAL GRID PLC	NYSE	Utilities - Diversified	$40.20B	$51.49	-3.83%	$8.24B	12.44x	2.98
AGR	AVANGRID INC	NYSE	Utilities - Regulated Electric	$16.89B	$43.68	-1.47%	$2.31B	18.75x	1.00
ORA	ORMAT TECHNOLOGIES INC	NYSE	Utilities - Renewable	$5.00B	$89.45	-0.93%	$378.32M	78.46x	1.39
DUK	DUKE ENERGY CORP	NYSE	Utilities - Regulated Electric	$75.70B	$98.32	-2.50%	$12.25B	19.86x	2.43
ED	CONSOLIDATED EDISON INC	NYSE	Utilities - Regulated Electric	$32.19B	$90.77	-2.58%	$4.87B	19.86x	2.18
ALE	ALLETE INC	NYSE	Utilities - Diversified	$3.02B	$52.99	-2.86%	$478.70M	14.64x	1.30
ES	EVERSOURCE ENERGY	NYSE	Utilities - Regulated Electric	$28.58B	$82.49	-2.53%	$3.45B	21.54x	2.32
OGE	OGE ENERGY CORP	NYSE	Utilities - Regulated Electric	$7.64B	$38.15	-2.08%	$1.71B	8.26x	2.02
SJI	SOUTH JERSEY INDUSTRIES INC	NYSE	Utilities - Diversified	$4.05B	$33.08	-0.12%	$534.54M	22.50x	2.60
SRE	SEMPRA ENERGY	NYSE	Utilities - Diversified	$48.45B	$154.15	-1.96%	$4.53B	42.70x	1.73
AWK	AMERICAN WATER WORKS COMPANY INC	NYSE	Utilities - Regulated Water	$24.49B	$134.71	-1.91%	$3.05B	18.81x	2.51
FTS	FORTIS INC	NYSE	Utilities - Regulated Electric	$19.05B	$39.80	-1.51%	$2.27B	19.53x	1.89
FE	FIRSTENERGY CORP	NYSE	Utilities - Diversified	$21.83B	$38.21	-1.44%	$5.34B	15.47x	3.11
SO	SOUTHERN CO	NYSE	Utilities - Regulated Electric	$76.24B	$71.72	-1.95%	$9.51B	25.16x	2.95
BKH	BLACK HILLS CORP	NYSE	Utilities - Diversified	$4.52B	$69.48	-3.07%	$686.45M	16.74x	2.13
ETR	ENTERGY CORP	NYSE	Utilities - Diversified	$21.52B	$105.80	-2.77%	$4.15B	17.40x	3.93
PPL	PPL CORP	NYSE	Utilities - Regulated Electric	$19.96B	$27.11	-1.42%	$2.57B	27.95x	1.67
PNM	PNM RESOURCES INC	NYSE	Utilities - Regulated Electric	$3.97B	$46.23	-0.73%	$616.40M	25.26x	3.15
D	DOMINION ENERGY INC	NYSE	Utilities - Diversified	$61.63B	$74.03	-2.39%	$6.58B	27.62x	2.66
MSEX	MIDDLESEX WATER CO	NASDAQ	Utilities - Regulated Water	$1.41B	$79.86	-2.32%	$73.74M	35.49x	1.69
NJR	NEW JERSEY RESOURCES CORP	NYSE	Utilities - Regulated Gas	$3.96B	$41.11	-2.93%	$487.28M	17.95x	2.48
AEE	AMEREN CORP	NYSE	Utilities - Regulated Electric	$21.99B	$85.11	-1.85%	$2.88B	21.71x	2.74
EXC	EXELON CORP	NASDAQ	Utilities - Diversified	$39.37B	$40.15	-1.06%	$9.97B	14.82x	2.90
CWEN	CLEARWAY ENERGY INC	NYSE	Utilities - Renewable	$6.68B	$33.00	-1.99%	$1.59B	6.99x	3.69
BIP	BROOKFIELD INFRASTRUCTURE PARTNERS LP	NYSE	Utilities - Diversified	$17.00B	$37.13	-2.80%	$5.08B	53.81x	5.96
GWRS	GLOBAL WATER RESOURCES INC	NASDAQ	Utilities - Regulated Water	$293.80M	$12.31	-1.05%	$20.02M	55.95x	9.25
CNP	CENTERPOINT ENERGY INC	NYSE	Utilities - Regulated Gas	$18.82B	$29.89	-2.03%	$3.81B	12.05x	2.61
EIX	EDISON INTERNATIONAL	NYSE	Utilities - Regulated Electric	$23.41B	$61.37	-2.85%	$3.89B	46.14x	3.64
PCYO	PURE CYCLE CORP	NASDAQ	Utilities - Regulated Water	$212.23M	$8.85	0.11%	$9.52M	38.48x	0.08
WTRG	ESSENTIAL UTILITIES INC	NYSE	Utilities - Regulated Water	$11.21B	$42.75	-1.63%	$943.50M	25.00x	1.82
UTL	UNITIL CORP	NYSE	Utilities - Diversified	$785.42M	$48.98	0.27%	$137.90M	18.98x	2.33
AVA	AVISTA CORP	NYSE	Utilities - Diversified	$2.84B	$38.95	-2.67%	$490.41M	18.64x	2.10
SBS	COMPANHIA DE SANEAMENTO BASICO DO ESTADO DE SAO PAULO-SABESP	NYSE	Utilities - Regulated Water	$5.52B	$8.07	0.12%	$1.49B	11.01x	1.13
HTOO	FUSION FUEL GREEN PLC	NASDAQ	Utilities - Renewable	$72.81M	$5.55	0.54%	-$7.75M	2.84x	0.40
EBR	BRAZILIAN ELECTRIC POWER CO	NYSE	Utilities - Regulated Electric	$10.49B	$8.14	-2.63%	$2.83B	10.57x	1.47
YORW	YORK WATER CO	NASDAQ	Utilities - Regulated Water	$565.11M	$39.61	-2.92%	$32.74M	30.01x	1.42
WEC	WEC ENERGY GROUP INC	NYSE	Utilities - Regulated Electric	$29.89B	$94.77	-2.51%	$3.20B	21.89x	2.51
AWR	AMERICAN STATES WATER CO	NYSE	Utilities - Regulated Water	$2.96B	$80.15	-2.39%	$173.72M	35.94x	1.81
NI	NISOURCE INC	NYSE	Utilities - Regulated Gas	$10.90B	$26.86	-1.86%	$1.99B	16.08x	2.39
NEE	NEXTERA ENERGY INC	NYSE	Utilities - Regulated Electric	$159.30B	$81.08	-0.09%	$7.56B	61.89x	2.94
PNW	PINNACLE WEST CAPITAL CORP	NYSE	Utilities - Regulated Electric	$7.72B	$68.25	-2.04%	$1.66B	14.07x	2.79
CREG	SMART POWERR CORP	NASDAQ	Utilities - Renewable	$24.28M	$3.30	3.77%	-$9.11M	-1.51x	0.23
ELP	ENERGY CO OF PARANA	NYSE	Utilities - Diversified	$15.87B	$5.80	-2.52%	$1.86B	22.14x	1.25
SWX	SOUTHWEST GAS HOLDINGS INC	NYSE	Utilities - Regulated Gas	$4.94B	$73.66	-1.66%	$767.08M	30.07x	2.74
SJW	SJW GROUP	NYSE	Utilities - Regulated Water	$1.75B	$57.82	-2.94%	$218.86M	33.23x	2.44
CWT	CALIFORNIA WATER SERVICE GROUP	NYSE	Utilities - Regulated Water	$2.95B	$54.32	-2.30%	$246.72M	32.92x	2.06
ARIS	ARIS WATER SOLUTIONS INC	NYSE	Utilities - Regulated Water	$701.27M	$12.31	4.15%	$78.71M	N/A	2.64
CDZI	CADIZ INC	NASDAQ	Utilities - Regulated Water	$111.75M	$2.20	0.46%	-$16.57M	-3.28x	1.91
SR	SPIRE INC	NYSE	Utilities - Regulated Gas	$3.41B	$64.91	-2.64%	$622.40M	16.60x	2.44
OGS	ONE GAS INC	NYSE	Utilities - Regulated Gas	$4.01B	$74.05	-3.72%	$600.35M	18.89x	2.43
NWN	NORTHWEST NATURAL HOLDING CO	NYSE	Utilities - Regulated Gas	$1.59B	$45.58	-1.60%	$300.06M	18.23x	2.35
AES	AES CORP	NYSE	Utilities - Diversified	$14.85B	$22.24	-3.14%	$1.68B	-42.77x	10.42
ARTNA	ARTESIAN RESOURCES CORP	NASDAQ	Utilities - Regulated Water	$469.03M	$49.69	-1.56%	$43.46M	26.57x	2.58
LFG	ARCHAEA ENERGY INC	NYSE	Utilities - Renewable	$2.20B	$18.36	5.76%	$31.85M	-183.60x	3.74
OPAL	OPAL FUELS INC	NASDAQ	Utilities - Diversified	$211.69M	$8.41	-0.94%	$79.34M	N/A	5.39
DTE	DTE ENERGY CO	NYSE	Utilities - Regulated Electric	$23.58B	$121.70	-1.06%	$2.69B	30.97x	3.82
NRGV	ENERGY VAULT HOLDINGS INC	NYSE	Utilities - Renewable	$742.77M	$5.42	10.39%	-$50.59M	-0.32x	0.13
HE	HAWAIIAN ELECTRIC INDUSTRIES INC	NYSE	Utilities - Regulated Electric	$3.92B	$35.85	-2.77%	$681.18M	16.37x	6.15
HLGN	HELIOGEN INC	NYSE	Utilities - Renewable	$327.41M	$1.72	1.18%	-$153.68M	-21.50x	0.41
BEPC	BROOKFIELD RENEWABLE CORP	NYSE	Utilities - Renewable	$5.84B	$33.91	-2.02%	$2.65B	N/A	6.86
RGCO	RGC RESOURCES INC	NASDAQ	Utilities - Regulated Gas	$207.10M	$21.12	-0.24%	-$14.48M	-8.76x	1.83
PCG	PG&E CORP	NYSE	Utilities - Regulated Electric	$30.60B	$12.41	-2.67%	$5.85B	112.82x	4.21
VST	VISTRA CORP	NYSE	Utilities - Independent Power Producers	$9.17B	$22.02	-2.00%	$1.20B	-8.70x	5.95
CEPU	CENTRAL PUERTO SA	NYSE	Utilities - Regulated Electric	$610.15M	$4.03	-0.49%	$316.25M	-93.72x	0.59
SMR	NUSCALE POWER CORP	NYSE	Utilities - Renewable	$500.00M	$12.50	8.41%	-$104.17M	-17.86x	1.21
RNW	RENEW ENERGY GLOBAL PLC	NASDAQ	Utilities - Renewable	$2.53B	$6.31	2.94%	$599.74M	N/A	4.41
WAVE	ECO WAVE POWER GLOBAL AB (PUBL)	NASDAQ	Utilities - Independent Power Producers	$20.84M	$3.76	-0.92%	-$2.82M	-7.82x	0.13
BEP	BROOKFIELD RENEWABLE PARTNERS LP	NYSE	Utilities - Renewable	$8.86B	$32.20	-2.28%	$2.66B	-63.14x	8.68
EDN	EDENOR	NYSE	Utilities - Regulated Electric	$273.30M	$6.03	0.84%	$279.85M	-1.36x	2.23
OIG	ORBITAL INFRASTRUCTURE GROUP INC	NASDAQ	Utilities - Diversified	$58.00M	$0.51	1.81%	-$53.24M	-0.39x	7.51
AY	ATLANTICA SUSTAINABLE INFRASTRUCTURE PLC	NASDAQ	Utilities - Renewable	$3.85B	$27.15	-3.04%	$326.06M	-188.54x	4.72
ENIC	ENEL CHILE SA	NYSE	Utilities - Regulated Electric	$1.95B	$1.41	-2.08%	$320.07M	19.58x	1.99

Utility Industries

Industry	Stocks	1d %	1w %	1m %	1y %	P/E ratio	P/B Ratio	ROE	ROA	ROCE	Upside/Downside	Consensus
Utilities - Diversified	22	-2.12%	-7.66%	-11.23%	+1.98%	17.40x	1.91x	+7.68%	+2.29%	+5.26%	+16.17%	Buy
Utilities - Independent Power Producers	4	-0.81%	-8.44%	-7.54%	-4.15%	-3.47x	1.75x	+24.27%	+3.40%	+10.38%	+27.66%	Strong Buy
Utilities - Regulated Electric	33	-1.89%	-6.77%	-9.75%	+2.91%	33.83x	1.73x	+8.45%	+2.37%	+4.23%	+11.75%	Buy
Utilities - Regulated Gas	14	-2.01%	-7.27%	-10.17%	+8.70%	17.56x	1.90x	+11.11%	+3.57%	+7.51%	+16.98%	Buy
Utilities - Regulated Water	14	-2.03%	-7.54%	-11.30%	-13.16%	22.27x	2.34x	+12.76%	+4.02%	+7.50%	+23.12%	Buy
Utilities - Renewable	21	+0.33%	-8.17%	-9.60%	-11.15%	-10.10x	2.27x	-0.47%	-0.12%	+0.94%	+22.86%	Buy

Utility Stocks FAQ

What are the best utility stocks to buy right now in Sep 2022?

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

1. Consolidated Water Co (NASDAQ:CWCO)

Consolidated Water Co (NASDAQ:CWCO) is the top utility stock with a Zen Score of 64, which is 29 points higher than the utility sector average of 35. It passed 24 out of 38 due diligence checks and has strong fundamentals. Consolidated Water Co has seen its stock return 39.98% over the past year, overperforming other utility stocks by 40 percentage points.

Consolidated Water Co stock has a consensus Hold recommendation according to Wall Street analysts. Of the 1 analyst covering Consolidated Water Co, 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. Nrg Energy (NYSE:NRG)

Nrg Energy (NYSE:NRG) is the second best utility stock with a Zen Score of 57, which is 22 points higher than the utility sector average of 35. It passed 22 out of 38 due diligence checks and has strong fundamentals. Nrg Energy has seen its stock lose -6.88% over the past year, underperforming other utility stocks by -7 percentage points.

Nrg Energy has an average 1 year price target of $44.25, an upside of 12.34% from Nrg Energy's current stock price of $39.39.

Nrg Energy stock has a consensus Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Nrg Energy, 50% have issued a Strong Buy rating, 0% have issued a Buy, 25% have issued a Hold, while 25% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Genie Energy (NYSE:GNE)

Genie Energy (NYSE:GNE) is the third best utility stock with a Zen Score of 57, which is 22 points higher than the utility sector average of 35. It passed 21 out of 38 due diligence checks and has strong fundamentals. Genie Energy has seen its stock return 35.52% over the past year, overperforming other utility stocks by 36 percentage points.

What are the utility stocks with highest dividends?

Out of 85 utility stocks that have issued dividends in the past year, the 3 utility stocks with the highest dividend yields are:

1. Energy Co Of Parana (NYSE:ELP)

Energy Co Of Parana (NYSE:ELP) has an annual dividend yield of 17.15%, which is 13 percentage points higher than the utility sector average of 3.73%. Energy Co Of Parana's dividend payout is not stable, having dropped more than 10% eight times in the last 10 years. Energy Co Of Parana's dividend has shown consistent growth over the last 10 years.

Energy Co Of Parana's dividend payout ratio of 180.3% indicates that its high dividend yield might not be sustainable for the long-term.

2. Energy Co Of Minas Gerais (NYSE:CIG)

Energy Co Of Minas Gerais (NYSE:CIG) has an annual dividend yield of 12.52%, which is 9 percentage points higher than the utility sector average of 3.73%. Energy Co Of Minas Gerais's dividend payout is not stable, having dropped more than 10% thirteen 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 111.8% indicates that its high dividend yield might not be sustainable for the long-term.

3. Via Renewables (NASDAQ:VIA)

Via Renewables (NASDAQ:VIA) has an annual dividend yield of 10.18%, which is 6 percentage points higher than the utility sector average of 3.73%. Via Renewables's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Via Renewables's dividend has shown consistent growth over the last 10 years.

Via Renewables's dividend payout ratio of 95.4% indicates that its high dividend yield might not be sustainable for the long-term.

Why are utility stocks down?

Utility stocks were down -1.72% in the last day, and down -7.33% over the last week.

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

What are the most undervalued utility stocks?

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

1. Northwestern (NASDAQ:NWE)

Northwestern (NASDAQ:NWE) is the most undervalued utility stock based on WallStreetZen's Valuation Score. Northwestern has a valuation score of 71, which is 38 points higher than the utility sector average of 33. It passed 5 out of 7 valuation due diligence checks.

Northwestern's stock has dropped -15.33% in the past year. It has underperformed other stocks in the utility sector by -15 percentage points.

2. Genie Energy (NYSE:GNE)

Genie Energy (NYSE:GNE) is the second most undervalued utility stock based on WallStreetZen's Valuation Score. Genie Energy has a valuation score of 71, which is 38 points higher than the utility sector average of 33. It passed 5 out of 7 valuation due diligence checks.

Genie Energy's stock has gained 35.52% in the past year. It has overperformed other stocks in the utility sector by 36 percentage points.

3. Kenon Holdings (NYSE:KEN)

Kenon Holdings (NYSE:KEN) is the third most undervalued utility stock based on WallStreetZen's Valuation Score. Kenon Holdings has a valuation score of 71, which is 38 points higher than the utility sector average of 33. It passed 5 out of 7 valuation due diligence checks.

Kenon Holdings's stock has dropped -19.65% in the past year. It has underperformed other stocks in the utility sector by -19 percentage points.

Are utility stocks a good buy now?

35% of utility stocks rated by analysts are a strong buy right now. On average, analysts expect utility stocks to rise by 16.4% over the next year.

What is the average p/e ratio of the utilities sector?

The average P/E ratio of the utilities sector is 24.7x.

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.