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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
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
VIA
VIA RENEWABLES INC
NASDAQ
Utilities - Regulated Electric
$292.78M$8.21-0.61%$62.83M7.14x3.10
CWCO
CONSOLIDATED WATER CO LTD
NASDAQ
Utilities - Regulated Water
$183.73M$12.022.91%$8.14M109.27x0.08
KEN
KENON HOLDINGS LTD
NYSE
Utilities - Regulated Electric
$2.93B$54.34-5.35%$1.14B3.15x1.00
OTTR
OTTER TAIL CORP
NASDAQ
Utilities - Diversified
$2.68B$64.270.99%$396.98M12.24x1.67
CMS
CMS ENERGY CORP
NYSE
Utilities - Regulated Electric
$19.99B$68.90-0.59%$3.47B14.79x3.11
MNTK
MONTAUK RENEWABLES INC
NASDAQ
Utilities - Diversified
$1.68B$11.70-0.34%$35.74M195.00x0.57
HNP
HUANENG POWER INTERNATIONAL INC
NYSE
Utilities - Independent Power Producers
$7.30B$18.594.73%$5.56B75.57x2.30
UGI
UGI CORP
NYSE
Utilities - Regulated Gas
$8.39B$39.96-1.60%$2.90B5.54x1.87
VWTR
VIDLER WATER RESOURCES INC
NASDAQ
Utilities - Regulated Water
$287.31M$15.700.00%$12.59M9.35x0.01
GNE
GENIE ENERGY LTD
NYSE
Utilities - Regulated Electric
$195.16M$7.450.00%$64.46M4.07x0.67
NFE
NEW FORTRESS ENERGY INC
NASDAQ
Utilities - Regulated Gas
$8.77B$42.23-4.04%$641.73M23.20x2.39
CREG
SMART POWERR CORP
NASDAQ
Utilities - Renewable
$29.85M$4.315.90%$7.32M2.24x0.13
ED
CONSOLIDATED EDISON INC
NYSE
Utilities - Regulated Electric
$33.74B$95.22-0.29%$4.77B21.99x2.12
ALE
ALLETE INC
NYSE
Utilities - Diversified
$3.31B$62.100.32%$468.90M17.84x1.39
ADN
ADVENT TECHNOLOGIES HOLDINGS INC
NASDAQ
Utilities - Renewable
$85.68M$1.66-3.49%-$27.31M-2.91x0.15
NWE
NORTHWESTERN CORP
NASDAQ
Utilities - Diversified
$3.35B$61.800.96%$470.71M17.91x1.88
POR
PORTLAND GENERAL ELECTRIC CO
NYSE
Utilities - Regulated Electric
$4.30B$48.240.94%$774.00M20.79x2.59
AQN
ALGONQUIN POWER & UTILITIES CORP
NYSE
Utilities - Renewable
$9.61B$14.25-0.90%$972.95M27.40x1.79
SPH
SUBURBAN PROPANE PARTNERS LP
NYSE
Utilities - Regulated Gas
$1.05B$16.73-2.85%$296.24M6.88x2.76
NEP
NEXTERA ENERGY PARTNERS LP
NYSE
Utilities - Renewable
$5.49B$65.38-0.46%$735.00M76.92x2.36
AWK
AMERICAN WATER WORKS COMPANY INC
NYSE
Utilities - Regulated Water
$26.22B$144.28-1.45%$3.03B20.32x2.44
AEP
AMERICAN ELECTRIC POWER CO INC
NASDAQ
Utilities - Regulated Electric
$51.29B$99.88-0.52%$6.99B19.10x2.76
ATO
ATMOS ENERGY CORP
NYSE
Utilities - Regulated Gas
$15.55B$111.85-1.67%$1.39B20.95x1.37
CIG
ENERGY CO OF MINAS GERAIS
NYSE
Utilities - Diversified
$6.32B$2.87-1.03%$1.72B8.67x1.68
PAM
PAMPA ENERGY INC
NYSE
Utilities - Regulated Electric
$1.18B$21.32-4.27%$535.00M4.49x1.16
SRE
SEMPRA ENERGY
NYSE
Utilities - Diversified
$51.16B$162.78-0.65%$4.41B50.71x1.81
MGEE
MGE ENERGY INC
NASDAQ
Utilities - Diversified
$2.97B$82.010.21%$221.34M28.18x1.57
CPK
CHESAPEAKE UTILITIES CORP
NYSE
Utilities - Regulated Gas
$2.28B$128.470.49%$211.31M26.33x1.62
DUK
DUKE ENERGY CORP
NYSE
Utilities - Regulated Electric
$83.84B$108.90-0.41%$11.96B22.83x2.43
AGR
AVANGRID INC
NYSE
Utilities - Regulated Electric
$18.03B$46.631.90%$2.22B21.89x1.02
OGE
OGE ENERGY CORP
NYSE
Utilities - Regulated Electric
$7.99B$39.92-0.55%$1.73B8.30x2.07
NRG
NRG ENERGY INC
NYSE
Utilities - Independent Power Producers
$10.86B$45.761.24%$6.45BN/A4.86
EIX
EDISON INTERNATIONAL
NYSE
Utilities - Regulated Electric
$25.09B$65.83-1.25%$3.94B42.75x3.63
LNT
ALLIANT ENERGY CORP
NASDAQ
Utilities - Regulated Electric
$14.78B$58.94-1.36%$1.60B21.67x2.10
MSEX
MIDDLESEX WATER CO
NASDAQ
Utilities - Regulated Water
$1.55B$88.44-0.65%$73.10M37.32x1.67
FTS
FORTIS INC
NYSE
Utilities - Regulated Electric
$23.52B$49.310.12%$2.24B24.28x1.92
PNW
PINNACLE WEST CAPITAL CORP
NYSE
Utilities - Regulated Electric
$8.42B$74.540.01%$1.70B14.04x2.72
BIP
BROOKFIELD INFRASTRUCTURE PARTNERS LP
NYSE
Utilities - Diversified
$18.58B$60.85-0.18%$5.22B41.97x5.89
PPL
PPL CORP
NYSE
Utilities - Regulated Electric
$21.61B$29.37-0.07%$3.14B34.96x1.46
BKH
BLACK HILLS CORP
NYSE
Utilities - Diversified
$4.83B$74.43-1.74%$673.37M18.47x2.15
SWX
SOUTHWEST GAS HOLDINGS INC
NYSE
Utilities - Regulated Gas
$6.13B$91.70-1.65%$756.19M30.77x2.80
XEL
XCEL ENERGY INC
NASDAQ
Utilities - Regulated Electric
$40.79B$74.89-0.54%$4.56B25.05x2.69
AVA
AVISTA CORP
NYSE
Utilities - Diversified
$3.17B$43.800.27%$487.27M20.56x2.15
EVRG
EVERGY INC
NYSE
Utilities - Regulated Electric
$15.39B$67.06-1.32%$2.19B19.00x2.11
VST
VISTRA CORP
NYSE
Utilities - Independent Power Producers
$10.89B$25.23-0.08%$2.86B31.15x3.50
SO
SOUTHERN CO
NYSE
Utilities - Regulated Electric
$78.44B$73.82-0.45%$8.40B34.18x2.93
PNM
PNM RESOURCES INC
NYSE
Utilities - Regulated Electric
$4.01B$46.66-0.51%$650.93M20.56x3.09
EXC
EXELON CORP
NASDAQ
Utilities - Diversified
$46.20B$47.13-0.86%$11.21B17.78x2.95
YORW
YORK WATER CO
NASDAQ
Utilities - Regulated Water
$571.42M$40.111.11%$31.91M30.62x2.04
SR
SPIRE INC
NYSE
Utilities - Regulated Gas
$4.00B$76.72-0.39%$621.50M18.99x2.31
GWRS
GLOBAL WATER RESOURCES INC
NASDAQ
Utilities - Regulated Water
$304.41M$13.44-1.68%$20.94M61.09x9.04
D
DOMINION ENERGY INC
NYSE
Utilities - Diversified
$67.06B$82.66-1.89%$7.77B23.03x2.61
ETR
ENTERGY CORP
NYSE
Utilities - Diversified
$23.69B$116.47-1.56%$4.33B22.14x4.10
AES
AES CORP
NYSE
Utilities - Diversified
$13.51B$20.23-2.55%$1.80B-96.33x9.83
UTL
UNITIL CORP
NYSE
Utilities - Diversified
$905.59M$56.492.63%$136.30M22.96x2.34
CWT
CALIFORNIA WATER SERVICE GROUP
NYSE
Utilities - Regulated Water
$2.86B$53.250.06%$263.96M26.10x2.12
WTRG
ESSENTIAL UTILITIES INC
NYSE
Utilities - Regulated Water
$11.42B$45.01-1.66%$929.62M26.17x1.83
FE
FIRSTENERGY CORP
NYSE
Utilities - Diversified
$24.13B$42.27-1.08%$5.32B18.79x4.10
SJI
SOUTH JERSEY INDUSTRIES INC
NYSE
Utilities - Diversified
$4.17B$34.101.25%$473.61M45.47x2.41
IDA
IDACORP INC
NYSE
Utilities - Regulated Electric
$5.41B$107.00-0.91%$564.50M22.02x1.72
AEE
AMEREN CORP
NYSE
Utilities - Regulated Electric
$23.96B$92.80-0.75%$2.81B23.61x2.68
CNP
CENTERPOINT ENERGY INC
NYSE
Utilities - Regulated Gas
$19.31B$30.67-2.23%$3.82B11.89x2.54
SBS
COMPANHIA DE SANEAMENTO BASICO DO ESTADO DE SAO PAULO-SABESP
NYSE
Utilities - Regulated Water
$6.05B$8.85-4.53%$1.49B12.07x1.13
ARTNA
ARTESIAN RESOURCES CORP
NASDAQ
Utilities - Regulated Water
$442.10M$46.843.54%$42.47M25.74x2.52
AWR
AMERICAN STATES WATER CO
NYSE
Utilities - Regulated Water
$2.90B$78.501.09%$180.92M32.57x1.78
ES
EVERSOURCE ENERGY
NYSE
Utilities - Regulated Electric
$30.76B$89.18-0.98%$3.38B23.72x2.32
NI
NISOURCE INC
NYSE
Utilities - Regulated Gas
$12.40B$30.56-0.62%$1.96B18.41x2.34
NWN
NORTHWEST NATURAL HOLDING CO
NYSE
Utilities - Regulated Gas
$1.75B$51.07-0.06%$296.28M21.02x2.81
NJR
NEW JERSEY RESOURCES CORP
NYSE
Utilities - Regulated Gas
$4.38B$45.540.31%$331.34M46.00x2.29
HTOO
FUSION FUEL GREEN PLC
NASDAQ
Utilities - Renewable
$112.17M$8.555.69%-$7.75M4.37x0.40
HE
HAWAIIAN ELECTRIC INDUSTRIES INC
NYSE
Utilities - Regulated Electric
$4.63B$42.321.24%$691.86M18.48x5.89
WEC
WEC ENERGY GROUP INC
NYSE
Utilities - Regulated Electric
$32.16B$101.95-1.45%$3.17B23.71x2.47
ELP
ENERGY CO OF PARANA
NYSE
Utilities - Diversified
$19.27B$7.04-0.98%$1.86B26.87x1.25
EBR
BRAZILIAN ELECTRIC POWER CO
NYSE
Utilities - Regulated Electric
$10.96B$8.50-3.19%$2.83B11.04x1.47
PCYO
PURE CYCLE CORP
NASDAQ
Utilities - Regulated Water
$239.59M$10.00-2.06%$9.17M43.48x0.07
NEE
NEXTERA ENERGY INC
NYSE
Utilities - Regulated Electric
$139.48B$71.00-1.42%$6.80B95.95x2.81
EDN
EDENOR
NYSE
Utilities - Regulated Electric
$256.53M$5.661.62%$279.85M-1.28x2.23
LFG
ARCHAEA ENERGY INC
NYSE
Utilities - Renewable
$2.09B$17.44-5.63%$101.19MN/A-11.29
RGCO
RGC RESOURCES INC
NASDAQ
Utilities - Regulated Gas
$195.34M$19.95-0.25%-$14.63M-8.31x1.73
CDZI
CADIZ INC
NASDAQ
Utilities - Regulated Water
$97.48M$1.922.13%-$19.93M-2.29x1.63
NRGV
ENERGY VAULT HOLDINGS INC
NYSE
Utilities - Renewable
$1.47B$11.002.71%-$45.83M-0.66x0.19
PCG
PG&E CORP
NYSE
Utilities - Regulated Electric
$29.31B$11.89-1.74%$6.08B91.46x3.85
OGS
ONE GAS INC
NYSE
Utilities - Regulated Gas
$4.73B$87.37-0.21%$593.05M22.46x2.46
HLGN
HELIOGEN INC
NYSE
Utilities - Renewable
$613.36M$3.312.16%-$140.98M-0.28x0.23
ENIC
ENEL CHILE SA
NYSE
Utilities - Regulated Electric
$1.88B$1.36-1.45%$320.07M18.89x1.99
CEPU
CENTRAL PUERTO SA
NYSE
Utilities - Regulated Electric
$542.02M$3.58-2.72%$316.25M-83.26x0.59
ENIA
ENEL AMERICAS SA
NYSE
Utilities - Regulated Electric
$8.54B$5.61-2.09%$2.60B15.08x1.55
NGG
NATIONAL GRID PLC
NYSE
Utilities - Diversified
$58.40B$76.54-1.03%$6.59B24.37x2.39
AY
ATLANTICA SUSTAINABLE INFRASTRUCTURE PLC
NASDAQ
Utilities - Renewable
$4.61B$32.810.21%$354.40M-195.30x4.99
CWEN
CLEARWAY ENERGY INC
NYSE
Utilities - Renewable
$6.70B$33.160.24%$889.00M255.08x5.39
SJW
SJW GROUP
NYSE
Utilities - Regulated Water
$1.83B$60.37-0.12%$227.18M29.31x2.42
BEPC
BROOKFIELD RENEWABLE CORP
NYSE
Utilities - Renewable
$6.11B$35.480.08%$2.12BN/A2.10
ARIS
ARIS WATER SOLUTIONS INC
NYSE
Utilities - Regulated Water
$929.88M$17.36-2.64%N/AN/A2.60
DTE
DTE ENERGY CO
NYSE
Utilities - Regulated Electric
$24.86B$128.31-1.00%$2.92B27.53x3.55
FLNC
FLUENCE ENERGY INC
NASDAQ
Utilities - Renewable
$1.40B$8.10-6.03%N/AN/A3.21
EE
EXCELERATE ENERGY INC
NYSE
Utilities - Renewable
N/A$24.58-3.00%$271.50MN/A1.34
ORA
ORMAT TECHNOLOGIES INC
NYSE
Utilities - Renewable
$4.25B$75.881.05%$370.97M64.85x1.28
WAVE
ECO WAVE POWER GLOBAL AB (PUBL)
NASDAQ
Utilities - Independent Power Producers
$19.48M$3.51-7.63%-$2.82M-7.31x0.13
OEG
ORBITAL ENERGY GROUP INC
NASDAQ
Utilities - Diversified
$91.77M$0.96-8.57%-$55.69M-0.84x5.68
BEP
BROOKFIELD RENEWABLE PARTNERS LP
NYSE
Utilities - Renewable
$9.52B$34.61-0.14%$2.50B-56.74x8.20

Utility Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
21-0.47%+1.81%-3.26%+9.13%19.12x2.24x+7.56%+2.21%+5.28%+2.49%Buy
5+0.87%+4.52%+4.03%+35.83%26.74x0.95x+36.49%+5.62%+13.57%-6.94%Buy
34-0.82%+0.58%-4.23%+5.91%39.30x1.77x+7.82%+2.20%+4.25%+5.23%Buy
13-0.90%+1.77%-1.85%+10.58%19.21x1.87x+13.45%+3.99%+7.04%+4.48%Buy
15-0.25%+2.03%-6.14%-2.31%18.83x1.51x+14.47%+4.74%+8.34%+22.10%Buy
21-0.49%+4.66%-10.41%-7.44%15.99x1.59x-4.87%-0.40%+0.90%+41.37%Buy

Utility Stocks FAQ

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

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

1. VIA RENEWABLES (NASDAQ:VIA)


VIA RENEWABLES (NASDAQ:VIA) is the top utility stock with a Zen Score of 59, which is 26 points higher than the utility sector average of 33. It passed 20 out of 38 due diligence checks and has strong fundamentals. VIA RENEWABLES has seen its stock lose -23.27% over the past year, underperforming other utility stocks by -29 percentage points.

2. CONSOLIDATED WATER (NASDAQ:CWCO)


CONSOLIDATED WATER (NASDAQ:CWCO) is the second best utility stock with a Zen Score of 58, which is 25 points higher than the utility sector average of 33. It passed 21 out of 38 due diligence checks and has strong fundamentals. CONSOLIDATED WATER has seen its stock return 2.91% over the past year, underperforming other utility stocks by -3 percentage points.

CONSOLIDATED WATER has an average 1 year price target of $16.00, an upside of 33.11% from CONSOLIDATED WATER's current stock price of $12.02.

CONSOLIDATED WATER stock has a consensus Buy recommendation according to Wall Street analysts. Of the 2 analysts covering CONSOLIDATED WATER, 50% have issued a Strong Buy rating, 0% have issued a Buy, 50% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. OTTER TAIL (NASDAQ:OTTR)


OTTER TAIL (NASDAQ:OTTR) is the third best utility stock with a Zen Score of 55, which is 22 points higher than the utility sector average of 33. It passed 20 out of 38 due diligence checks and has strong fundamentals. OTTER TAIL has seen its stock return 35.42% over the past year, overperforming other utility stocks by 30 percentage points.

OTTER TAIL has an average 1 year price target of $72.00, an upside of 12.03% from OTTER TAIL's current stock price of $64.27.

OTTER TAIL stock has a consensus Hold recommendation according to Wall Street analysts. Of the 1 analyst covering OTTER TAIL, 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.

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. ENEL CHILE SA (NYSE:ENIC)


ENEL CHILE SA (NYSE:ENIC) has an annual dividend yield of 16.53%, which is 13 percentage points higher than the utility sector average of 3.53%. ENEL CHILE SA's dividend payout is not stable, having dropped more than 10% five times in the last 10 years. ENEL CHILE SA's dividend has not shown consistent growth over the last 10 years.

ENEL CHILE SA's dividend payout ratio of 313.6% indicates that its high dividend yield might not be sustainable for the long-term.

2. ENERGY OF PARANA (NYSE:ELP)


ENERGY OF PARANA (NYSE:ELP) has an annual dividend yield of 14.13%, which is 11 percentage points higher than the utility sector average of 3.53%. ENERGY OF PARANA's dividend payout is not stable, having dropped more than 10% eight times in the last 10 years. ENERGY OF PARANA's dividend has shown consistent growth over the last 10 years.

ENERGY OF PARANA's dividend payout ratio of 180.3% indicates that its high dividend yield might not be sustainable for the long-term.

3. KENON HOLDINGS (NYSE:KEN)


KENON HOLDINGS (NYSE:KEN) has an annual dividend yield of 10.12%, which is 7 percentage points higher than the utility sector average of 3.53%.

KENON HOLDINGS's dividend payout ratio of 42.6% indicates that its high dividend yield is sustainable for the long-term.

Why are utility stocks down?

Utility stocks were down -0.61% in the last day, and up 1.71% 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. SMART POWERR (NASDAQ:CREG)


SMART POWERR (NASDAQ:CREG) is the most undervalued utility stock based on WallStreetZen's Valuation Score. SMART POWERR has a valuation score of 100, which is 72 points higher than the utility sector average of 28. It passed 7 out of 7 valuation due diligence checks.

SMART POWERR's stock has dropped -49.17% in the past year. It has underperformed other stocks in the utility sector by -55 percentage points.

2. VIDLER WATER RESOURCES (NASDAQ:VWTR)


VIDLER WATER RESOURCES (NASDAQ:VWTR) is the second most undervalued utility stock based on WallStreetZen's Valuation Score. VIDLER WATER RESOURCES has a valuation score of 86, which is 58 points higher than the utility sector average of 28. It passed 6 out of 7 valuation due diligence checks.

VIDLER WATER RESOURCES's stock has gained 54.53% in the past year. It has overperformed other stocks in the utility sector by 49 percentage points.

3. NORTHWESTERN (NASDAQ:NWE)


NORTHWESTERN (NASDAQ:NWE) is the third most undervalued utility stock based on WallStreetZen's Valuation Score. NORTHWESTERN has a valuation score of 71, which is 43 points higher than the utility sector average of 28. It passed 5 out of 7 valuation due diligence checks.

NORTHWESTERN's stock has dropped -2.75% in the past year. It has underperformed other stocks in the utility sector by -8 percentage points.

Are utility stocks a good buy now?

32.67% of utility stocks rated by analysts are a strong buy right now. On average, analysts expect utility stocks to rise by 9.82% 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 30.08x.
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.