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Best Utility Stocks to Buy Now (2024)
Top utility stocks in 2024 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
MNTK
MONTAUK RENEWABLES INC
NASDAQ
Utilities - Diversified
$492.89M$3.43-2.28%$45.28M31.18x0.40
CWCO
CONSOLIDATED WATER CO LTD
NASDAQ
Utilities - Regulated Water
$380.99M$24.110.96%$43.06M12.82x0.14
OPAL
OPAL FUELS INC
NASDAQ
Utilities - Regulated Gas
$810.66M$4.70-0.63%$53.94M6.71x-0.62
CEPU
CENTRAL PUERTO SA
NYSE
Utilities - Regulated Electric
$1.36B$8.97-1.75%$407.66M15.41x0.46
ENLT
ENLIGHT RENEWABLE ENERGY LTD
NASDAQ
Utilities - Renewable
$1.92B$16.28-1.27%$233.29M26.69x2.74
OTTR
OTTER TAIL CORP
NASDAQ
Utilities - Diversified
$3.43B$82.290.19%$499.12M11.66x1.25
EVRG
EVERGY INC
NASDAQ
Utilities - Regulated Electric
$11.71B$50.960.85%$2.35B16.03x2.20
ENIC
ENEL CHILE SA
NYSE
Utilities - Regulated Electric
$4.04B$2.920.69%$2.38B2.60x1.83
NEP
NEXTERA ENERGY PARTNERS LP
NYSE
Utilities - Renewable
$2.53B$27.07-1.13%$1.20B12.42x2.37
CIG
ENERGY CO OF MINAS GERAIS
NYSE
Utilities - Diversified
$5.37B$2.440.83%$1.74B6.29x1.46
AVA
AVISTA CORP
NYSE
Utilities - Diversified
$2.69B$34.361.87%$546.26M15.34x2.10
RNW
RENEW ENERGY GLOBAL PLC
NASDAQ
Utilities - Renewable
$2.01B$5.542.21%$815.09M53.79x7.38
ATO
ATMOS ENERGY CORP
NYSE
Utilities - Regulated Gas
$17.28B$114.570.01%$1.83B18.30x1.10
MGEE
MGE ENERGY INC
NASDAQ
Utilities - Regulated Electric
$2.74B$75.850.88%$276.28M23.34x1.66
ETR
ENTERGY CORP
NYSE
Utilities - Regulated Electric
$22.12B$103.750.54%$4.92B9.31x3.08
NFE
NEW FORTRESS ENERGY INC
NASDAQ
Utilities - Regulated Gas
$5.78B$28.202.58%$1.13B10.60x5.32
ALE
ALLETE INC
NYSE
Utilities - Diversified
$3.37B$58.491.07%$607.50M13.57x1.16
NGG
NATIONAL GRID PLC
NYSE
Utilities - Regulated Electric
$51.44B$65.441.32%$15.13B4.97x2.14
SRE
SEMPRA
NYSE
Utilities - Diversified
$43.26B$68.440.74%$7.10B14.23x1.87
WTRG
ESSENTIAL UTILITIES INC
NYSE
Utilities - Regulated Water
$9.61B$35.161.88%$1.06B18.90x1.86
ED
CONSOLIDATED EDISON INC
NYSE
Utilities - Regulated Electric
$31.41B$90.900.63%$6.06B12.54x2.14
VST
VISTRA CORP
NYSE
Utilities - Independent Power Producers
$22.92B$65.88-4.03%$4.70B18.15x5.21
FTS
FORTIS INC
NYSE
Utilities - Regulated Electric
$18.67B$38.051.09%$2.59B16.45x1.98
YORW
YORK WATER CO
NASDAQ
Utilities - Regulated Water
$491.09M$34.261.36%$43.83M20.64x1.66
EE
EXCELERATE ENERGY INC
NYSE
Utilities - Renewable
$1.68B$15.541.17%$259.64M13.40x2.08
ARIS
ARIS WATER SOLUTIONS INC
NYSE
Utilities - Regulated Water
$777.35M$13.45-0.22%$135.87M22.80x2.02
BKH
BLACK HILLS CORP
NYSE
Utilities - Diversified
$3.58B$52.461.41%$724.60M13.42x1.96
D
DOMINION ENERGY INC
NYSE
Utilities - Regulated Electric
$40.67B$48.570.52%$7.37B21.21x2.96
OGE
OGE ENERGY CORP
NYSE
Utilities - Regulated Electric
$6.64B$33.150.64%$1.20B15.94x1.84
SWX
SOUTHWEST GAS HOLDINGS INC
NYSE
Utilities - Regulated Gas
$5.24B$73.18-0.53%$925.92M34.36x2.59
PAM
PAMPA ENERGY INC
NYSE
Utilities - Independent Power Producers
$2.31B$41.89-0.31%$580.00M5.08x1.08
AWR
AMERICAN STATES WATER CO
NYSE
Utilities - Regulated Water
$2.51B$67.971.22%$252.54M20.17x1.89
FE
FIRSTENERGY CORP
NYSE
Utilities - Regulated Electric
$21.62B$37.630.48%$4.94B19.60x3.63
PEG
PUBLIC SERVICE ENTERPRISE GROUP INC
NYSE
Utilities - Regulated Electric
$32.46B$65.100.11%$4.96B12.64x2.28
XEL
XCEL ENERGY INC
NASDAQ
Utilities - Regulated Electric
$29.85B$53.761.07%$5.15B16.75x2.64
AES
AES CORP
NYSE
Utilities - Diversified
$11.56B$16.270.81%$2.96B43.97x15.60
ORA
ORMAT TECHNOLOGIES INC
NYSE
Utilities - Renewable
$3.80B$62.921.30%$454.06M30.11x1.19
EIX
EDISON INTERNATIONAL
NYSE
Utilities - Regulated Electric
$26.20B$68.130.13%$5.85B21.84x4.12
VIA
VIA RENEWABLES INC
NASDAQ
Utilities - Regulated Electric
$78.33M$10.830.28%$44.55M7.96x3.80
SR
SPIRE INC
NYSE
Utilities - Regulated Gas
$3.27B$59.402.10%$702.20M16.01x2.49
CMS
CMS ENERGY CORP
NYSE
Utilities - Regulated Electric
$17.22B$58.480.39%$3.30B19.43x3.37
OGS
ONE GAS INC
NYSE
Utilities - Regulated Gas
$3.52B$62.291.37%$738.56M14.97x1.81
NEE
NEXTERA ENERGY INC
NYSE
Utilities - Regulated Electric
$131.38B$64.010.34%$17.52B17.73x2.50
AQN
ALGONQUIN POWER & UTILITIES CORP
NYSE
Utilities - Renewable
$4.03B$5.841.39%$763.03M194.67x2.33
EXC
EXELON CORP
NASDAQ
Utilities - Regulated Electric
$36.66B$36.680.71%$7.94B15.68x2.94
IDA
IDACORP INC
NYSE
Utilities - Regulated Electric
$4.67B$92.282.11%$624.87M17.92x1.91
LNT
ALLIANT ENERGY CORP
NASDAQ
Utilities - Regulated Electric
$12.51B$48.840.87%$1.78B17.57x2.13
AGR
AVANGRID INC
NYSE
Utilities - Regulated Electric
$14.02B$36.240.55%$2.34B17.85x1.19
SBS
COMPANHIA DE SANEAMENTO BASICO DO ESTADO DE SAO PAULO-SABESP
NYSE
Utilities - Regulated Water
$10.76B$15.741.29%$1.74B17.15x1.09
POR
PORTLAND GENERAL ELECTRIC CO
NYSE
Utilities - Regulated Electric
$4.22B$41.741.85%$904.00M17.91x2.38
TAC
TRANSALTA CORP
NYSE
Utilities - Independent Power Producers
$1.97B$6.433.38%$1.25B3.73x4.55
FLNC
FLUENCE ENERGY INC
NASDAQ
Utilities - Renewable
$2.78B$15.58-2.50%-$52.87M-29.96x3.07
SO
SOUTHERN CO
NYSE
Utilities - Regulated Electric
$76.99B$70.571.10%$11.90B19.39x3.31
ARTNA
ARTESIAN RESOURCES CORP
NASDAQ
Utilities - Regulated Water
$353.61M$34.370.12%$45.54M20.58x2.33
MSEX
MIDDLESEX WATER CO
NASDAQ
Utilities - Regulated Water
$831.20M$46.641.63%$75.15M26.35x1.92
PCG
PG&E CORP
NYSE
Utilities - Regulated Electric
$43.19B$16.540.61%$7.27B15.17x4.01
ADN
ADVENT TECHNOLOGIES HOLDINGS INC
NASDAQ
Utilities - Renewable
$11.13M$0.184.09%-$88.80M-0.10x0.70
NRGV
ENERGY VAULT HOLDINGS INC
NYSE
Utilities - Renewable
$157.37M$1.07-5.31%-$97.86M-1.55x0.52
DUK
DUKE ENERGY CORP
NYSE
Utilities - Regulated Electric
$73.94B$95.931.51%$12.38B27.10x2.58
AEE
AMEREN CORP
NYSE
Utilities - Regulated Electric
$19.31B$72.510.81%$3.33B16.52x2.59
GNE
GENIE ENERGY LTD
NYSE
Utilities - Regulated Electric
$420.53M$15.370.26%$24.34M20.49x0.74
AWK
AMERICAN WATER WORKS COMPANY INC
NYSE
Utilities - Regulated Water
$22.85B$117.351.69%$2.67B23.95x2.09
PPL
PPL CORP
NYSE
Utilities - Regulated Electric
$19.62B$26.620.76%$2.93B26.62x1.82
UTL
UNITIL CORP
NYSE
Utilities - Diversified
$794.43M$49.151.21%$154.50M17.43x2.42
RGCO
RGC RESOURCES INC
NASDAQ
Utilities - Regulated Gas
$192.09M$18.90-1.92%$33.31M14.43x2.04
NI
NISOURCE INC
NYSE
Utilities - Regulated Gas
$12.26B$27.400.92%$2.25B17.23x2.53
NJR
NEW JERSEY RESOURCES CORP
NYSE
Utilities - Regulated Gas
$4.15B$42.191.54%$563.12M17.22x2.27
AMPS
ALTUS POWER INC
NYSE
Utilities - Renewable
$614.05M$3.860.26%$93.11M-64.33x3.50
PCYO
PURE CYCLE CORP
NASDAQ
Utilities - Regulated Water
$223.78M$9.29-0.85%$11.02M33.18x0.12
PNW
PINNACLE WEST CAPITAL CORP
NYSE
Utilities - Regulated Electric
$8.28B$72.971.39%$1.76B16.51x2.98
CNP
CENTERPOINT ENERGY INC
NYSE
Utilities - Regulated Electric
$17.65B$27.950.90%$3.19B20.40x3.11
SJW
SJW GROUP
NYSE
Utilities - Regulated Water
$1.70B$53.091.01%$265.23M19.74x2.52
GWRS
GLOBAL WATER RESOURCES INC
NASDAQ
Utilities - Regulated Water
$293.25M$12.130.08%$27.50M36.76x6.43
CWT
CALIFORNIA WATER SERVICE GROUP
NYSE
Utilities - Regulated Water
$2.59B$44.901.65%$209.67M49.34x2.22
CWEN
CLEARWAY ENERGY INC
NYSE
Utilities - Renewable
$4.55B$22.501.12%$1.14B33.58x4.62
DTE
DTE ENERGY CO
NYSE
Utilities - Regulated Electric
$21.98B$106.481.15%$3.96B15.73x3.05
CPK
CHESAPEAKE UTILITIES CORP
NYSE
Utilities - Regulated Gas
$2.28B$102.511.75%$229.68M21.58x1.65
AEP
AMERICAN ELECTRIC POWER CO INC
NASDAQ
Utilities - Regulated Electric
$43.44B$82.561.62%$7.16B19.38x2.83
NWE
NORTHWESTERN ENERGY GROUP INC
NASDAQ
Utilities - Diversified
$3.00B$48.930.85%$526.76M15.20x1.73
AY
ATLANTICA SUSTAINABLE INFRASTRUCTURE PLC
NASDAQ
Utilities - Renewable
$2.65B$18.253.28%$786.19M61.66x5.01
BEP
BROOKFIELD RENEWABLE PARTNERS LP
NYSE
Utilities - Renewable
$5.91B$20.581.63%$3.46B-64.31x11.65
KEN
KENON HOLDINGS LTD
NYSE
Utilities - Independent Power Producers
$1.10B$20.890.48%-$53.51M-4.73x1.69
WEC
WEC ENERGY GROUP INC
NYSE
Utilities - Regulated Electric
$25.38B$80.441.02%$3.53B19.06x2.75
SPH
SUBURBAN PROPANE PARTNERS LP
NYSE
Utilities - Regulated Gas
$1.22B$19.03-0.31%$244.56M11.82x3.22
WAVE
ECO WAVE POWER GLOBAL AB (PUBL)
NASDAQ
Utilities - Renewable
$20.14M$3.63-6.68%-$1.49M-11.34x0.28
NRG
NRG ENERGY INC
NYSE
Utilities - Independent Power Producers
$14.67B$70.52-3.95%$1.58B-62.96x7.96
NWN
NORTHWEST NATURAL HOLDING CO
NYSE
Utilities - Regulated Gas
$1.38B$36.591.95%$368.56M14.13x2.66
PNM
PNM RESOURCES INC
NYSE
Utilities - Regulated Electric
$3.26B$36.120.64%$615.52M35.41x3.34
UGI
UGI CORP
NYSE
Utilities - Regulated Gas
$4.99B$23.790.38%$531.00M-10.96x2.55
ELLO
ELLOMAY CAPITAL LTD
NYSEMKT
Utilities - Renewable
$191.76M$14.920.00%$32.05M81.53x4.24
VGAS
VERDE CLEAN FUELS INC
NASDAQ
Utilities - Renewable
$144.32M$4.52-8.50%-$2.27M-10.04x0.28
CREG
SMART POWERR CORP
NASDAQ
Utilities - Renewable
$9.56M$1.202.56%-$152.04k-12.00x0.25
ELP
ENERGY CO OF PARANA
NYSE
Utilities - Diversified
$4.22B$7.080.14%$1.23B9.17x1.32
BIP
BROOKFIELD INFRASTRUCTURE PARTNERS LP
NYSE
Utilities - Diversified
$12.12B$26.282.82%$6.25B187.71x8.48
CDZI
CADIZ INC
NASDAQ
Utilities - Regulated Water
$150.89M$2.254.65%-$25.12M-4.02x1.69
CEG
CONSTELLATION ENERGY CORP
NASDAQ
Utilities - Renewable
$58.22B$183.86-0.83%$5.43B36.63x3.57
EDN
EDENOR
NYSE
Utilities - Regulated Electric
$729.24M$16.09-0.56%$477.89M-8.77x2.82
ES
EVERSOURCE ENERGY
NYSE
Utilities - Regulated Electric
$20.63B$58.990.82%$1.88B-46.45x2.92
BNRG
BRENMILLER ENERGY LTD
NASDAQ
Utilities - Renewable
$4.43M$2.06-4.63%-$9.43M-0.41x2.68
BEPC
BROOKFIELD RENEWABLE CORP
NYSE
Utilities - Renewable
$8.29B$22.161.56%$2.49BN/A5.58

Utility Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
12+1.00%-1.23%-0.42%-12.76%39.64x1.52x+9.90%+3.15%+6.77%+12.52%Buy
5-2.60%-6.08%+2.27%+56.07%-11.49x3.35x+13.29%+2.67%+8.62%+4.18%Buy
42+0.91%-0.05%+0.17%-11.85%16.06x1.60x+10.83%+2.92%+5.28%+4.96%Buy
14+0.88%-0.13%-0.46%-12.15%14.74x1.70x+8.30%+2.69%+5.72%+8.14%Hold
14+1.26%-1.20%-3.05%-21.58%22.51x2.04x+9.69%+3.65%+7.28%+17.50%Buy
21-0.12%-4.76%+2.99%-2.78%30.85x2.52x+8.38%+1.99%+4.66%+19.95%Buy

Utility Stocks FAQ

What are the best utility stocks to buy right now in Apr 2024?

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

1. Montauk Renewables (NASDAQ:MNTK)


Montauk Renewables (NASDAQ:MNTK) is the top utility stock with a Zen Score of 69, which is 36 points higher than the utility sector average of 33. It passed 22 out of 33 due diligence checks and has strong fundamentals. Montauk Renewables has seen its stock lose -49.03% over the past year, underperforming other utility stocks by -38 percentage points.

Montauk Renewables has an average 1 year price target of $7.50, an upside of 118.66% from Montauk Renewables's current stock price of $3.43.

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

2. Consolidated Water Co (NASDAQ:CWCO)


Consolidated Water Co (NASDAQ:CWCO) is the second best utility stock with a Zen Score of 61, which is 28 points higher than the utility sector average of 33. It passed 22 out of 38 due diligence checks and has strong fundamentals. Consolidated Water Co has seen its stock return 39.93% over the past year, overperforming other utility stocks by 50 percentage points.

3. Opal Fuels (NASDAQ:OPAL)


Opal Fuels (NASDAQ:OPAL) is the third best utility stock with a Zen Score of 53, which is 20 points higher than the utility sector average of 33. It passed 18 out of 33 due diligence checks and has strong fundamentals. Opal Fuels has seen its stock lose -38.16% over the past year, underperforming other utility stocks by -28 percentage points.

Opal Fuels has an average 1 year price target of $8.67, an upside of 84.4% from Opal Fuels's current stock price of $4.70.

Opal Fuels stock has a consensus Buy recommendation according to Wall Street analysts. Of the 6 analysts covering Opal Fuels, 66.67% have issued a Strong Buy rating, 16.67% have issued a Buy, 0% have issued a Hold, while 0% have issued a Sell rating, and 16.67% have issued a Strong Sell.

What are the utility stocks with highest dividends?

Out of 75 utility stocks that have issued dividends in the past year, the 3 utility stocks with the highest dividend yields are:

1. Kenon Holdings (NYSE:KEN)


Kenon Holdings (NYSE:KEN) has an annual dividend yield of 18.19%, which is 14 percentage points higher than the utility sector average of 4.12%. 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 -86% indicates that its high dividend yield might not be sustainable for the long-term.

2. Nextera Energy Partners (NYSE:NEP)


Nextera Energy Partners (NYSE:NEP) has an annual dividend yield of 12.72%, which is 9 percentage points higher than the utility sector average of 4.12%. 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 158% 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 12.05%, which is 8 percentage points higher than the utility sector average of 4.12%. Enel Chile Sa's dividend payout is not stable, having dropped more than 10% six 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 2.8% indicates that its high dividend yield is sustainable for the long-term.

Why are utility stocks up?

Utility stocks were up 0.67% in the last day, and down -1.15% over the last week.

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

What are the most undervalued utility stocks?

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

1. Montauk Renewables (NASDAQ:MNTK)


Montauk Renewables (NASDAQ:MNTK) is the most undervalued utility stock based on WallStreetZen's Valuation Score. Montauk Renewables has a valuation score of 86, which is 56 points higher than the utility sector average of 30. It passed 6 out of 7 valuation due diligence checks.

Montauk Renewables's stock has dropped -49.03% in the past year. It has underperformed other stocks in the utility sector by -38 percentage points.

2. Via Renewables (NASDAQ:VIA)


Via Renewables (NASDAQ:VIA) is the second most undervalued utility stock based on WallStreetZen's Valuation Score. Via Renewables has a valuation score of 86, which is 56 points higher than the utility sector average of 30. It passed 6 out of 7 valuation due diligence checks.

Via Renewables's stock has dropped -37.94% in the past year. It has underperformed other stocks in the utility sector by -27 percentage points.

3. Enlight Renewable Energy (NASDAQ:ENLT)


Enlight Renewable Energy (NASDAQ:ENLT) is the third most undervalued utility stock based on WallStreetZen's Valuation Score. Enlight Renewable Energy has a valuation score of 71, which is 41 points higher than the utility sector average of 30. It passed 5 out of 7 valuation due diligence checks.

Enlight Renewable Energy's stock has gained 1.88% in the past year. It has overperformed other stocks in the utility sector by 12 percentage points.

Are utility stocks a good buy now?

44% of utility stocks rated by analysts are a buy right now. On average, analysts expect utility stocks to rise by 9.05% 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 18.22x.
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.