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Best Utility Stocks to Buy Now (2023)
Top utility stocks in 2023 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
ENIC
ENEL CHILE SA
NYSE
Utilities - Regulated Electric
$4.50B$3.25-0.61%$2.38B2.89x1.83
CEPU
CENTRAL PUERTO SA
NYSE
Utilities - Regulated Electric
$1.22B$8.05-2.78%$407.66M13.83x0.46
OPAL
OPAL FUELS INC
NASDAQ
Utilities - Regulated Gas
$939.44M$5.45-2.33%$54.89M7.17x-0.30
MNTK
MONTAUK RENEWABLES INC
NASDAQ
Utilities - Diversified
$1.30B$9.083.53%$46.17M82.55x0.42
CWCO
CONSOLIDATED WATER CO LTD
NASDAQ
Utilities - Regulated Water
$558.72M$35.48-6.06%$32.29M26.09x0.16
CIG
ENERGY CO OF MINAS GERAIS
NYSE
Utilities - Diversified
$4.73B$2.151.42%$1.74B5.54x1.46
VST
VISTRA CORP
NYSE
Utilities - Independent Power Producers
$12.59B$35.22-1.18%$4.36B10.24x4.80
MGEE
MGE ENERGY INC
NASDAQ
Utilities - Regulated Electric
$2.71B$74.91-0.05%$273.08M22.84x1.58
OTTR
OTTER TAIL CORP
NASDAQ
Utilities - Diversified
$3.12B$74.73-0.91%$476.24M11.17x1.27
GNE
GENIE ENERGY LTD
NYSE
Utilities - Regulated Electric
$670.92M$24.47-4.49%$78.37M10.59x0.49
AVA
AVISTA CORP
NYSE
Utilities - Diversified
$2.65B$34.26-0.41%$544.46M15.43x2.10
ATO
ATMOS ENERGY CORP
NYSE
Utilities - Regulated Gas
$16.71B$112.50-0.12%$1.74B18.44x1.07
ALE
ALLETE INC
NYSE
Utilities - Diversified
$3.20B$55.680.45%$585.60M12.89x1.17
FTS
FORTIS INC
NYSE
Utilities - Regulated Electric
$19.87B$40.68-0.20%$2.50B18.04x1.97
NWE
NORTHWESTERN CORP
NASDAQ
Utilities - Diversified
$3.12B$50.890.87%$508.19M16.91x1.71
NEE
NEXTERA ENERGY INC
NYSE
Utilities - Regulated Electric
$119.33B$58.161.01%$16.26B15.35x2.44
ARTNA
ARTESIAN RESOURCES CORP
NASDAQ
Utilities - Regulated Water
$424.65M$41.32-3.30%$44.01M26.49x2.32
ETR
ENTERGY CORP
NYSE
Utilities - Regulated Electric
$21.50B$101.650.02%$5.00B14.58x3.41
ENLT
ENLIGHT RENEWABLE ENERGY LTD
NASDAQ
Utilities - Renewable
$2.05B$17.451.93%$175.02M32.92x2.48
NFE
NEW FORTRESS ENERGY INC
NASDAQ
Utilities - Regulated Gas
$7.59B$37.000.27%$910.75M19.37x5.72
AMPS
ALTUS POWER INC
NYSE
Utilities - Renewable
$759.93M$4.752.81%$168.55M8.64x2.70
NGG
NATIONAL GRID PLC
NYSE
Utilities - Regulated Electric
$51.65B$65.700.44%$15.13B4.99x2.14
AGR
AVANGRID INC
NYSE
Utilities - Regulated Electric
$12.23B$31.620.73%$2.05B22.91x1.13
ARIS
ARIS WATER SOLUTIONS INC
NYSE
Utilities - Regulated Water
$464.42M$8.05-0.12%$126.69M16.10x2.12
IDA
IDACORP INC
NYSE
Utilities - Regulated Electric
$4.90B$96.75-0.65%$626.66M18.02x1.84
EIX
EDISON INTERNATIONAL
NYSE
Utilities - Regulated Electric
$25.50B$66.490.33%$5.80B20.65x3.99
XEL
XCEL ENERGY INC
NASDAQ
Utilities - Regulated Electric
$33.64B$60.970.86%$5.06B19.23x2.63
PNM
PNM RESOURCES INC
NYSE
Utilities - Regulated Electric
$3.59B$41.85-0.57%$698.16M23.38x3.47
PEG
PUBLIC SERVICE ENTERPRISE GROUP INC
NYSE
Utilities - Regulated Electric
$32.09B$64.40-0.06%$5.25B11.42x2.27
LNT
ALLIANT ENERGY CORP
NASDAQ
Utilities - Regulated Electric
$12.79B$50.120.32%$1.74B18.36x2.11
D
DOMINION ENERGY INC
NYSE
Utilities - Regulated Electric
$39.33B$47.000.19%$6.83B24.23x2.78
AWR
AMERICAN STATES WATER CO
NYSE
Utilities - Regulated Water
$2.95B$79.88-0.89%$244.28M23.99x1.86
NEP
NEXTERA ENERGY PARTNERS LP
NYSE
Utilities - Renewable
$2.15B$22.98-0.95%$961.00M17.68x2.49
YORW
YORK WATER CO
NASDAQ
Utilities - Regulated Water
$539.50M$37.67-1.18%$41.83M23.69x1.58
AEE
AMEREN CORP
NYSE
Utilities - Regulated Electric
$20.47B$77.850.50%$3.36B17.61x2.57
NWN
NORTHWEST NATURAL HOLDING CO
NYSE
Utilities - Regulated Gas
$1.35B$36.70-0.08%$370.79M13.20x2.61
EVRG
EVERGY INC
NASDAQ
Utilities - Regulated Electric
$11.78B$51.261.06%$2.22B17.32x2.14
CPK
CHESAPEAKE UTILITIES CORP
NYSE
Utilities - Regulated Gas
$1.64B$92.29-0.32%$228.94M18.57x1.59
SRE
SEMPRA
NYSE
Utilities - Diversified
$46.27B$73.52-0.27%$6.82B16.96x1.86
ED
CONSOLIDATED EDISON INC
NYSE
Utilities - Regulated Electric
$31.35B$90.800.14%$5.95B13.41x2.06
POR
PORTLAND GENERAL ELECTRIC CO
NYSE
Utilities - Regulated Electric
$4.18B$41.32-0.39%$859.00M18.45x2.22
OGE
OGE ENERGY CORP
NYSE
Utilities - Regulated Electric
$7.02B$35.070.40%$1.07B16.70x1.81
NRGV
ENERGY VAULT HOLDINGS INC
NYSE
Utilities - Renewable
$314.37M$2.190.46%-$98.81M-3.08x0.26
AWK
AMERICAN WATER WORKS COMPANY INC
NYSE
Utilities - Regulated Water
$25.44B$130.66-0.07%$2.60B27.11x2.01
ADN
ADVENT TECHNOLOGIES HOLDINGS INC
NASDAQ
Utilities - Renewable
$28.14M$0.45-3.85%-$88.80M-0.26x0.70
WTRG
ESSENTIAL UTILITIES INC
NYSE
Utilities - Regulated Water
$9.66B$35.370.37%$1.05B19.54x1.78
TAC
TRANSALTA CORP
NYSE
Utilities - Independent Power Producers
$2.13B$8.090.37%$1.23B5.20x3.62
SJW
SJW GROUP
NYSE
Utilities - Regulated Water
$2.07B$64.70-0.58%$280.44M20.22x2.15
MSEX
MIDDLESEX WATER CO
NASDAQ
Utilities - Regulated Water
$1.14B$63.79-2.73%$75.82M34.48x1.96
ES
EVERSOURCE ENERGY
NYSE
Utilities - Regulated Electric
$20.94B$59.931.51%$3.58B17.94x2.59
EE
EXCELERATE ENERGY INC
NYSE
Utilities - Renewable
$1.83B$16.93-0.41%$272.86M13.33x2.19
HE
HAWAIIAN ELECTRIC INDUSTRIES INC
NYSE
Utilities - Regulated Electric
$1.37B$12.43-0.48%$687.41M6.58x6.62
UTL
UNITIL CORP
NYSE
Utilities - Diversified
$787.85M$48.94-1.05%$150.30M17.73x2.38
CDZI
CADIZ INC
NASDAQ
Utilities - Regulated Water
$184.12M$2.76-2.13%-$24.56M-4.60x1.40
PNW
PINNACLE WEST CAPITAL CORP
NYSE
Utilities - Regulated Electric
$8.43B$74.340.80%$1.70B17.70x2.82
PAM
PAMPA ENERGY INC
NYSE
Utilities - Independent Power Producers
$2.53B$45.87-2.86%$580.00M5.56x1.08
FLNC
FLUENCE ENERGY INC
NASDAQ
Utilities - Renewable
$3.59B$20.276.13%-$96.74M-22.78x2.60
PCYO
PURE CYCLE CORP
NASDAQ
Utilities - Regulated Water
$242.06M$10.050.30%$8.58M50.25x0.13
SBS
COMPANHIA DE SANEAMENTO BASICO DO ESTADO DE SAO PAULO-SABESP
NYSE
Utilities - Regulated Water
$9.43B$13.800.15%$1.74B15.03x1.09
CWT
CALIFORNIA WATER SERVICE GROUP
NYSE
Utilities - Regulated Water
$2.92B$50.57-0.71%$205.90M69.27x1.86
SR
SPIRE INC
NYSE
Utilities - Regulated Gas
$3.26B$61.330.69%$696.80M15.89x2.54
OGS
ONE GAS INC
NYSE
Utilities - Regulated Gas
$3.27B$59.020.41%$720.92M14.33x1.81
NJR
NEW JERSEY RESOURCES CORP
NYSE
Utilities - Regulated Gas
$4.11B$42.09-0.75%$593.66M15.42x2.28
DTE
DTE ENERGY CO
NYSE
Utilities - Regulated Electric
$21.66B$105.020.15%$3.71B17.36x3.03
AEP
AMERICAN ELECTRIC POWER CO INC
NASDAQ
Utilities - Regulated Electric
$41.93B$79.731.52%$7.11B18.29x2.75
GWRS
GLOBAL WATER RESOURCES INC
NASDAQ
Utilities - Regulated Water
$287.40M$11.890.08%$26.35M37.16x6.30
BKH
BLACK HILLS CORP
NYSE
Utilities - Diversified
$3.51B$51.560.84%$709.70M13.36x2.11
EXC
EXELON CORP
NASDAQ
Utilities - Regulated Electric
$38.98B$39.160.05%$7.54B18.30x2.90
AY
ATLANTICA SUSTAINABLE INFRASTRUCTURE PLC
NASDAQ
Utilities - Renewable
$2.84B$19.532.79%N/A56.77x4.75
RNW
RENEW ENERGY GLOBAL PLC
NASDAQ
Utilities - Renewable
$2.28B$6.226.14%$801.79M109.12x6.40
BIP
BROOKFIELD INFRASTRUCTURE PARTNERS LP
NYSE
Utilities - Diversified
$12.14B$26.490.57%$5.86B85.45x7.73
ORA
ORMAT TECHNOLOGIES INC
NYSE
Utilities - Renewable
$4.06B$67.322.78%$408.89M36.99x1.14
DUK
DUKE ENERGY CORP
NYSE
Utilities - Regulated Electric
$70.23B$91.130.22%$10.44B64.18x2.64
PPL
PPL CORP
NYSE
Utilities - Regulated Electric
$19.45B$26.390.57%$2.35B23.77x1.76
UGI
UGI CORP
NYSE
Utilities - Regulated Gas
$4.62B$22.040.46%-$829.00M-3.33x2.49
NRG
NRG ENERGY INC
NYSE
Utilities - Independent Power Producers
$10.56B$46.780.69%-$720.00M-6.08x6.93
PCG
PG&E CORP
NYSE
Utilities - Regulated Electric
$45.70B$17.50-2.23%$6.34B19.23x4.09
CMS
CMS ENERGY CORP
NYSE
Utilities - Regulated Electric
$16.76B$57.440.19%$3.06B22.61x3.45
SPH
SUBURBAN PROPANE PARTNERS LP
NYSE
Utilities - Regulated Gas
$1.09B$16.96-1.28%$260.40M8.74x3.16
FE
FIRSTENERGY CORP
NYSE
Utilities - Regulated Electric
$21.41B$37.31-0.51%$4.89B41.00x3.49
WEC
WEC ENERGY GROUP INC
NYSE
Utilities - Regulated Electric
$26.23B$83.161.14%$3.52B19.21x2.70
SO
SOUTHERN CO
NYSE
Utilities - Regulated Electric
$76.88B$70.490.33%$10.48B25.54x2.92
NI
NISOURCE INC
NYSE
Utilities - Regulated Gas
$10.82B$26.18-0.08%$2.19B16.16x2.78
CREG
SMART POWERR CORP
NASDAQ
Utilities - Renewable
$8.92M$1.123.32%-$3.22M-2.15x0.25
KEN
KENON HOLDINGS LTD
NYSE
Utilities - Independent Power Producers
$1.20B$22.27-0.62%-$472.10M-1.91x1.28
WAVE
ECO WAVE POWER GLOBAL AB (PUBL)
NASDAQ
Utilities - Renewable
$9.16M$1.650.00%-$3.18M-4.13x0.26
BEP
BROOKFIELD RENEWABLE PARTNERS LP
NYSE
Utilities - Renewable
$6.88B$24.991.67%$3.23B-51.00x8.94
CEG
CONSTELLATION ENERGY CORP
NASDAQ
Utilities - Renewable
$39.75B$124.45-0.52%$5.30B23.80x3.13
ELLO
ELLOMAY CAPITAL LTD
NYSEMKT
Utilities - Renewable
$185.33M$14.424.12%$35.87M30.81x4.29
AES
AES CORP
NYSE
Utilities - Diversified
$11.50B$17.171.54%$2.06B-20.20x13.64
RGCO
RGC RESOURCES INC
NASDAQ
Utilities - Regulated Gas
$178.12M$17.81-0.95%$13.10M-118.73x1.92
SWX
SOUTHWEST GAS HOLDINGS INC
NYSE
Utilities - Regulated Gas
$4.35B$60.761.20%$483.76M-19.17x2.66
EDN
EDENOR
NYSE
Utilities - Regulated Electric
$697.52M$15.39-5.18%$477.89M-8.39x2.82
VIA
VIA RENEWABLES INC
NASDAQ
Utilities - Regulated Electric
$63.65M$8.80-3.51%$30.45M-6.52x3.42
VGAS
VERDE CLEAN FUELS INC
NASDAQ
Utilities - Renewable
$87.69M$2.75-4.51%-$2.42MN/A0.33
BEPC
BROOKFIELD RENEWABLE CORP
NYSE
Utilities - Renewable
$9.68B$26.761.67%$3.15BN/A4.89
CNP
CENTERPOINT ENERGY INC
NYSE
Utilities - Regulated Electric
$17.77B$28.150.72%$3.13B22.17x3.07
CWEN
CLEARWAY ENERGY INC
NYSE
Utilities - Renewable
$5.10B$25.2210.28%$1.12B54.83x4.31
AQN
ALGONQUIN POWER & UTILITIES CORP
NYSE
Utilities - Renewable
$4.16B$6.041.17%$460.71M-16.78x2.33
HTOO
FUSION FUEL GREEN PLC
NASDAQ
Utilities - Renewable
$16.84M$1.2236.31%-$37.77M-0.54x1.23

Utility Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
12+0.08%+0.23%+7.23%-11.47%21.31x1.59x+5.44%+2.65%+6.07%+8.06%Hold
5-0.98%+4.05%+14.88%+12.87%3.02x2.06x-5.34%+0.20%+2.92%+1.54%Buy
38+0.19%+1.22%+5.77%-10.01%21.78x1.61x+10.46%+2.86%+5.53%+7.06%Buy
14+0.07%+1.28%+5.99%-19.28%11.60x1.75x+2.73%+2.47%+5.16%+12.27%Buy
14-1.24%+0.34%+7.16%-15.41%25.61x2.14x+9.69%+3.54%+7.06%+9.38%Buy
22+1.85%+2.77%+10.27%-22.88%16.59x2.13x+7.61%+1.57%+3.78%+23.34%Buy

Utility Stocks FAQ

What are the best utility stocks to buy right now in Nov 2023?

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

1. Enel Chile Sa (NYSE:ENIC)


Enel Chile Sa (NYSE:ENIC) is the top utility stock with a Zen Score of 53, which is 19 points higher than the utility sector average of 34. It passed 19 out of 38 due diligence checks and has strong fundamentals. Enel Chile Sa has seen its stock return 53.3% over the past year, overperforming other utility stocks by 66 percentage points.

2. Central Puerto Sa (NYSE:CEPU)


Central Puerto Sa (NYSE:CEPU) is the second best utility stock with a Zen Score of 52, which is 18 points higher than the utility sector average of 34. It passed 19 out of 38 due diligence checks and has strong fundamentals. Central Puerto Sa has seen its stock return 46.9% over the past year, overperforming other utility stocks by 60 percentage points.

Central Puerto Sa has an average 1 year price target of $8.00, a downside of -0.62% from Central Puerto Sa's current stock price of $8.05.

Central Puerto Sa stock has a consensus Hold recommendation according to Wall Street analysts. Of the 1 analyst covering Central Puerto Sa, 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.

3. Opal Fuels (NASDAQ:OPAL)


Opal Fuels (NASDAQ:OPAL) is the third best utility stock with a Zen Score of 51, which is 17 points higher than the utility sector average of 34. It passed 17 out of 33 due diligence checks and has strong fundamentals. Opal Fuels has seen its stock lose -29.86% over the past year, underperforming other utility stocks by -17 percentage points.

Opal Fuels has an average 1 year price target of $10.60, an upside of 94.5% from Opal Fuels's current stock price of $5.45.

Opal Fuels stock has a consensus Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Opal Fuels, 66.67% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a Hold, while 0% have issued a Sell rating, and 33.33% have issued a Strong Sell.

What are the utility stocks with highest dividends?

Out of 80 utility stocks that have issued dividends in the past year, the 3 utility stocks with the highest dividend yields are:

1. Nextera Energy Partners (NYSE:NEP)


Nextera Energy Partners (NYSE:NEP) has an annual dividend yield of 14.69%, which is 10 percentage points higher than the utility sector average of 4.26%. Nextera Energy Partners's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Nextera Energy Partners's dividend has shown consistent growth over the last 10 years.

Nextera Energy Partners's dividend payout ratio of 259.8% indicates that its high dividend yield might not be sustainable for the long-term.

2. Kenon Holdings (NYSE:KEN)


Kenon Holdings (NYSE:KEN) has an annual dividend yield of 12.53%, which is 8 percentage points higher than the utility sector average of 4.26%. Kenon Holdings's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Kenon Holdings's dividend has shown consistent growth over the last 10 years.

Kenon Holdings's dividend payout ratio of -64.6% indicates that its high dividend yield might not be sustainable for the long-term.

3. Enel Chile Sa (NYSE:ENIC)


Enel Chile Sa (NYSE:ENIC) has an annual dividend yield of 10.34%, which is 6 percentage points higher than the utility sector average of 4.26%. 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 shown consistent growth over the last 10 years.

Enel Chile Sa's dividend payout ratio of 2.8% indicates that its high dividend yield is sustainable for the long-term.

Why are utility stocks up?

Utility stocks were up 0.07% in the last day, and up 1.25% over the last week. Clearway Energy was the among the top gainers in the utilities sector, gaining 10.28% yesterday.

Clearway Energy shares are trading higher after it was announced the company will join the S&P SmallCap 600.

What are the most undervalued utility stocks?

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

1. Aris Water Solutions (NYSE:ARIS)


Aris Water Solutions (NYSE:ARIS) is the most undervalued utility stock based on WallStreetZen's Valuation Score. Aris Water Solutions 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.

Aris Water Solutions's stock has dropped -48.43% in the past year. It has underperformed other stocks in the utility sector by -35 percentage points.

2. Central Puerto Sa (NYSE:CEPU)


Central Puerto Sa (NYSE:CEPU) is the second most undervalued utility stock based on WallStreetZen's Valuation Score. Central Puerto Sa 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.

Central Puerto Sa's stock has gained 46.9% in the past year. It has overperformed other stocks in the utility sector by 60 percentage points.

3. Enel Chile Sa (NYSE:ENIC)


Enel Chile Sa (NYSE:ENIC) is the third most undervalued utility stock based on WallStreetZen's Valuation Score. Enel Chile Sa 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.

Enel Chile Sa's stock has gained 53.3% in the past year. It has overperformed other stocks in the utility sector by 66 percentage points.

Are utility stocks a good buy now?

43.21% of utility stocks rated by analysts are a buy right now. On average, analysts expect utility stocks to rise by 9.77% 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 20.59x.
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.