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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
OTTR
OTTER TAIL CORP
NASDAQ
Utilities - Diversified
$2.72B$65.41-1.06%$500.06M9.26x1.45
OGE
OGE ENERGY CORP
NYSE
Utilities - Regulated Electric
$7.80B$38.960.41%$1.75B8.34x1.84
NEP
NEXTERA ENERGY PARTNERS LP
NYSE
Utilities - Renewable
$6.31B$72.891.25%$390.00M14.26x1.72
MNTK
MONTAUK RENEWABLES INC
NASDAQ
Utilities - Diversified
$1.58B$11.03-0.27%$66.90M44.12x0.48
GNE
GENIE ENERGY LTD
NYSE
Utilities - Regulated Electric
$317.12M$12.257.17%$122.60M3.22x0.56
AQN
ALGONQUIN POWER & UTILITIES CORP
NYSE
Utilities - Renewable
$5.05B$7.410.68%$706.16M105.86x2.04
NFE
NEW FORTRESS ENERGY INC
NASDAQ
Utilities - Regulated Gas
$8.09B$38.75-2.69%$501.03M27.88x2.94
SPH
SUBURBAN PROPANE PARTNERS LP
NYSE
Utilities - Regulated Gas
$998.05M$15.720.06%$282.35M6.09x3.15
NRG
NRG ENERGY INC
NYSE
Utilities - Independent Power Producers
$7.99B$34.680.73%$3.59B4.40x5.29
KEN
KENON HOLDINGS LTD
NYSE
Utilities - Regulated Electric
$1.72B$31.97-2.56%$1.73B1.11x0.60
CMS
CMS ENERGY CORP
NYSE
Utilities - Regulated Electric
$18.42B$63.451.12%$3.41B14.19x3.31
ALE
ALLETE INC
NYSE
Utilities - Diversified
$3.57B$62.50-0.24%$484.60M16.98x1.31
CIG
ENERGY CO OF MINAS GERAIS
NYSE
Utilities - Diversified
$6.15B$2.150.47%$1.72B8.43x1.68
ADN
ADVENT TECHNOLOGIES HOLDINGS INC
NASDAQ
Utilities - Renewable
$103.95M$2.01-1.47%-$36.48M-2.83x0.19
PAM
PAMPA ENERGY INC
NYSE
Utilities - Regulated Electric
$1.81B$32.800.83%$535.00M6.91x1.16
ES
EVERSOURCE ENERGY
NYSE
Utilities - Regulated Electric
$28.32B$81.311.19%$3.60B20.23x2.38
SRE
SEMPRA ENERGY
NYSE
Utilities - Diversified
$49.55B$157.641.12%$6.08B21.96x1.71
AMPS
ALTUS POWER INC
NYSE
Utilities - Renewable
$1.23B$7.67-2.42%$48.44M0.00x2.19
ETR
ENTERGY CORP
NYSE
Utilities - Diversified
$22.15B$108.830.69%$4.22B17.55x3.87
CWCO
CONSOLIDATED WATER CO LTD
NASDAQ
Utilities - Regulated Water
$233.66M$15.28-0.59%$12.18M41.30x0.12
CWEN
CLEARWAY ENERGY INC
NYSE
Utilities - Renewable
$6.64B$32.91-2.14%$1.58B6.83x3.70
NEE
NEXTERA ENERGY INC
NYSE
Utilities - Regulated Electric
$150.05B$75.511.12%$9.15B38.92x2.84
AGR
AVANGRID INC
NYSE
Utilities - Regulated Electric
$16.06B$41.53-0.29%$2.31B17.98x1.01
SO
SOUTHERN CO
NYSE
Utilities - Regulated Electric
$73.92B$67.900.94%$10.08B21.42x2.77
BIP
BROOKFIELD INFRASTRUCTURE PARTNERS LP
NYSE
Utilities - Diversified
$15.84B$34.59-0.92%$4.91B133.04x6.05
XEL
XCEL ENERGY INC
NASDAQ
Utilities - Regulated Electric
$37.65B$68.801.21%$4.83B22.41x2.66
NWE
NORTHWESTERN CORP
NASDAQ
Utilities - Diversified
$3.31B$57.26-0.64%$458.23M18.59x1.80
CPK
CHESAPEAKE UTILITIES CORP
NYSE
Utilities - Regulated Gas
$2.23B$125.66-0.68%$219.39M25.75x1.65
EVRG
EVERGY INC
NASDAQ
Utilities - Regulated Electric
$14.26B$62.120.78%$2.21B17.90x2.04
AWK
AMERICAN WATER WORKS COMPANY INC
NYSE
Utilities - Regulated Water
$28.44B$156.41-0.13%$3.08B21.54x2.50
UGI
UGI CORP
NYSE
Utilities - Regulated Gas
$8.41B$40.14-4.38%$1.07B38.97x2.31
ORA
ORMAT TECHNOLOGIES INC
NYSE
Utilities - Renewable
$5.20B$92.730.67%$388.50M77.92x1.37
OPAL
OPAL FUELS INC
NASDAQ
Utilities - Diversified
$1.21B$7.100.71%$75.97MN/A-0.32
LNT
ALLIANT ENERGY CORP
NASDAQ
Utilities - Regulated Electric
$13.54B$53.931.11%$1.66B20.35x2.23
ATO
ATMOS ENERGY CORP
NYSE
Utilities - Regulated Gas
$16.58B$117.640.38%$1.49B20.97x1.36
ED
CONSOLIDATED EDISON INC
NYSE
Utilities - Regulated Electric
$33.20B$93.550.67%$4.96B19.57x2.16
BKH
BLACK HILLS CORP
NYSE
Utilities - Diversified
$4.65B$71.42-0.74%$680.99M17.90x2.20
CREG
SMART POWERR CORP
NASDAQ
Utilities - Renewable
$14.42M$1.960.87%-$12.13M-0.75x0.23
EIX
EDISON INTERNATIONAL
NYSE
Utilities - Regulated Electric
$25.89B$67.811.41%$4.16B35.69x3.86
SBS
COMPANHIA DE SANEAMENTO BASICO DO ESTADO DE SAO PAULO-SABESP
NYSE
Utilities - Regulated Water
$7.07B$10.35-0.48%$1.49B14.12x1.13
IDA
IDACORP INC
NYSE
Utilities - Regulated Electric
$5.37B$106.170.09%$556.85M21.58x1.71
MGEE
MGE ENERGY INC
NASDAQ
Utilities - Diversified
$2.66B$73.620.04%$234.93M25.92x1.60
CWT
CALIFORNIA WATER SERVICE GROUP
NYSE
Utilities - Regulated Water
$3.46B$63.030.57%$246.05M42.59x1.99
AEP
AMERICAN ELECTRIC POWER CO INC
NASDAQ
Utilities - Regulated Electric
$47.53B$92.500.42%$6.96B19.15x2.75
SWX
SOUTHWEST GAS HOLDINGS INC
NYSE
Utilities - Regulated Gas
$4.49B$67.010.74%$825.27M27.24x2.84
DUK
DUKE ENERGY CORP
NYSE
Utilities - Regulated Electric
$78.40B$101.811.22%$12.40B20.48x2.47
FLNC
FLUENCE ENERGY INC
NASDAQ
Utilities - Renewable
$3.83B$21.951.20%-$94.00M-14.63x2.56
NGG
NATIONAL GRID PLC
NYSE
Utilities - Diversified
$49.11B$62.900.90%$8.24B15.20x2.98
PCYO
PURE CYCLE CORP
NASDAQ
Utilities - Regulated Water
$217.32M$9.06-5.13%$13.32M26.65x0.13
D
DOMINION ENERGY INC
NYSE
Utilities - Diversified
$51.45B$61.742.47%$6.82B22.05x2.62
EXC
EXELON CORP
NASDAQ
Utilities - Diversified
$40.70B$40.960.15%$8.13B18.96x2.80
HLGN
HELIOGEN INC
NYSE
Utilities - Renewable
$122.71M$0.64-7.37%-$152.33M0.14x0.44
UTL
UNITIL CORP
NYSE
Utilities - Diversified
$860.22M$53.631.15%$140.10M20.55x2.44
PEG
PUBLIC SERVICE ENTERPRISE GROUP INC
NYSE
Utilities - Diversified
$30.58B$61.280.71%$2.31B44.73x2.60
CNP
CENTERPOINT ENERGY INC
NYSE
Utilities - Regulated Gas
$18.46B$29.330.45%$3.81B11.92x2.68
NJR
NEW JERSEY RESOURCES CORP
NYSE
Utilities - Regulated Gas
$5.08B$52.40-1.37%$593.97M18.01x2.44
CDZI
CADIZ INC
NASDAQ
Utilities - Regulated Water
$269.07M$4.823.66%-$15.10M-8.03x2.26
POR
PORTLAND GENERAL ELECTRIC CO
NYSE
Utilities - Regulated Electric
$4.31B$48.31-0.17%$851.00M17.44x2.57
AWR
AMERICAN STATES WATER CO
NYSE
Utilities - Regulated Water
$3.62B$97.90-0.01%$171.77M45.32x1.81
WTRG
ESSENTIAL UTILITIES INC
NYSE
Utilities - Regulated Water
$12.45B$47.461.19%$981.24M26.81x1.86
FTS
FORTIS INC
NYSE
Utilities - Regulated Electric
$19.87B$41.380.71%$2.19B21.14x1.95
VIA
VIA RENEWABLES INC
NASDAQ
Utilities - Regulated Electric
$242.04M$6.750.30%$31.90M-27.00x3.02
GWRS
GLOBAL WATER RESOURCES INC
NASDAQ
Utilities - Regulated Water
$349.64M$14.65-1.01%$20.47M66.59x6.22
YORW
YORK WATER CO
NASDAQ
Utilities - Regulated Water
$657.14M$46.03-0.84%$33.23M33.85x1.41
SJW
SJW GROUP
NYSE
Utilities - Regulated Water
$2.43B$80.000.21%$225.48M41.45x2.44
AES
AES CORP
NYSE
Utilities - Diversified
$17.51B$26.21-0.11%$1.82B-63.93x9.48
NRGV
ENERGY VAULT HOLDINGS INC
NYSE
Utilities - Renewable
$612.53M$4.43-1.34%-$58.16M-0.66x0.13
MSEX
MIDDLESEX WATER CO
NASDAQ
Utilities - Regulated Water
$1.59B$90.090.60%$82.22M37.38x1.68
AEE
AMEREN CORP
NYSE
Utilities - Regulated Electric
$22.21B$85.900.70%$2.99B21.42x2.68
OGS
ONE GAS INC
NYSE
Utilities - Regulated Gas
$4.54B$83.771.12%$613.49M21.05x1.99
ELP
ENERGY CO OF PARANA
NYSE
Utilities - Diversified
$19.46B$7.110.99%$1.86B27.14x1.25
PPL
PPL CORP
NYSE
Utilities - Regulated Electric
$21.24B$28.840.63%$2.55B30.68x1.69
FE
FIRSTENERGY CORP
NYSE
Utilities - Diversified
$22.70B$39.710.48%$5.23B18.05x3.12
EBR
BRAZILIAN ELECTRIC POWER CO
NYSE
Utilities - Regulated Electric
$9.55B$7.41-0.67%$2.83B9.62x1.47
NI
NISOURCE INC
NYSE
Utilities - Regulated Gas
$11.08B$27.27-0.15%$2.01B16.33x2.51
ARIS
ARIS WATER SOLUTIONS INC
NYSE
Utilities - Regulated Water
$817.46M$14.26-0.07%$100.97MN/A2.22
WEC
WEC ENERGY GROUP INC
NYSE
Utilities - Regulated Electric
$29.60B$93.830.29%$3.26B21.47x2.59
BEPC
BROOKFIELD RENEWABLE CORP
NYSE
Utilities - Renewable
$5.09B$29.54-2.15%$2.94BN/A6.12
SR
SPIRE INC
NYSE
Utilities - Regulated Gas
$3.95B$75.21-0.50%$695.50M16.28x2.61
PNW
PINNACLE WEST CAPITAL CORP
NYSE
Utilities - Regulated Electric
$8.55B$75.61-0.36%$1.66B16.02x2.64
CEPU
CENTRAL PUERTO SA
NYSE
Utilities - Regulated Electric
$906.90M$5.990.84%$316.25M-139.30x0.59
ARTNA
ARTESIAN RESOURCES CORP
NASDAQ
Utilities - Regulated Water
$587.49M$61.900.50%$45.16M31.26x2.59
TAC
TRANSALTA CORP
NYSE
Utilities - Independent Power Producers
$2.48B$9.20-0.43%$762.77M38.17x4.96
BEP
BROOKFIELD RENEWABLE PARTNERS LP
NYSE
Utilities - Renewable
$7.63B$27.75-0.93%$2.58B-50.45x9.58
DTE
DTE ENERGY CO
NYSE
Utilities - Regulated Electric
$22.05B$113.820.94%$3.22B19.62x3.67
HE
HAWAIIAN ELECTRIC INDUSTRIES INC
NYSE
Utilities - Regulated Electric
$4.73B$43.24-0.28%$691.74M19.83x6.50
AVA
AVISTA CORP
NYSE
Utilities - Diversified
$3.06B$41.540.24%$484.79M23.08x2.16
PCG
PG&E CORP
NYSE
Utilities - Regulated Electric
$38.61B$15.660.71%$6.50B17.60x4.25
RNW
RENEW ENERGY GLOBAL PLC
NASDAQ
Utilities - Renewable
$2.24B$5.59-2.95%$684.98M-17.36x4.78
AY
ATLANTICA SUSTAINABLE INFRASTRUCTURE PLC
NASDAQ
Utilities - Renewable
$3.88B$26.87-0.44%$313.99M-167.94x4.59
PNM
PNM RESOURCES INC
NYSE
Utilities - Regulated Electric
$4.22B$49.160.29%$638.68M25.47x3.07
EDN
EDENOR
NYSE
Utilities - Regulated Electric
$393.40M$8.680.35%$279.85M-1.96x2.23
RGCO
RGC RESOURCES INC
NASDAQ
Utilities - Regulated Gas
$235.87M$23.99-0.04%-$29.46M-6.89x2.12
VST
VISTRA CORP
NYSE
Utilities - Independent Power Producers
$9.14B$22.970.39%$1.95B-22.74x5.30
OIG
ORBITAL INFRASTRUCTURE GROUP INC
NASDAQ
Utilities - Diversified
$26.57M$0.19-1.05%-$168.39M-0.08x-4.61
AZRE
AZURE POWER GLOBAL LTD
NYSE
Utilities - Renewable
$197.68M$4.090.49%$155.63M-4.93x6.04
ENIC
ENEL CHILE SA
NYSE
Utilities - Regulated Electric
$2.93B$2.12-4.50%$320.07M29.44x1.99
HTOO
FUSION FUEL GREEN PLC
NASDAQ
Utilities - Renewable
$50.46M$3.76-4.33%N/AN/A0.37
BIPC
BROOKFIELD INFRASTRUCTURE CORP
NYSE
Utilities - Regulated Gas
$4.83B$43.05-1.19%$1.20BN/A-5.61
CEG
CONSTELLATION ENERGY CORP
NASDAQ
Utilities - Renewable
$27.23B$83.260.07%$2.12BN/A3.28

Utility Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
21+0.38%+0.59%-0.04%-1.76%22.74x1.96x+8.79%+2.82%+6.17%+7.44%Hold
4+0.17%+1.82%+5.46%-11.14%-3.98x1.66x+14.26%+2.17%+7.19%+26.90%Buy
33+0.62%+0.50%-2.74%-0.97%23.81x1.71x+9.52%+2.61%+4.49%+5.35%Hold
14-0.45%+2.85%+3.76%+7.98%19.53x2.02x+9.42%+3.18%+7.12%+4.13%Buy
14+0.10%+4.37%+1.98%+7.27%25.64x2.71x+12.52%+3.97%+7.56%+3.99%Buy
20-0.51%-0.50%+4.37%+2.86%-0.78x2.16x+1.82%-0.03%+0.70%+24.00%Buy

Utility Stocks FAQ

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

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

1. Otter Tail (NASDAQ:OTTR)


Otter Tail (NASDAQ:OTTR) is the top utility stock with a Zen Score of 55, which is 23 points higher than the utility sector average of 32. It passed 20 out of 38 due diligence checks and has strong fundamentals. Otter Tail has seen its stock return 5.52% over the past year, overperforming other utility stocks by 4 percentage points.

Otter Tail has an average 1 year price target of $77.00, an upside of 17.72% from Otter Tail's current stock price of $65.41.

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

2. Oge Energy (NYSE:OGE)


Oge Energy (NYSE:OGE) is the second best utility stock with a Zen Score of 53, which is 21 points higher than the utility sector average of 32. It passed 19 out of 38 due diligence checks and has strong fundamentals. Oge Energy has seen its stock return 3.37% over the past year, overperforming other utility stocks by 2 percentage points.

Oge Energy has an average 1 year price target of $38.80, a downside of -0.41% from Oge Energy's current stock price of $38.96.

Oge Energy stock has a consensus Hold recommendation according to Wall Street analysts. Of the 5 analysts covering Oge Energy, 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. Nextera Energy Partners (NYSE:NEP)


Nextera Energy Partners (NYSE:NEP) is the third best utility stock with a Zen Score of 53, which is 21 points higher than the utility sector average of 32. It passed 19 out of 38 due diligence checks and has strong fundamentals. Nextera Energy Partners has seen its stock lose -1.18% over the past year, underperforming other utility stocks by -3 percentage points.

Nextera Energy Partners has an average 1 year price target of $85.63, an upside of 17.47% from Nextera Energy Partners's current stock price of $72.89.

Nextera Energy Partners stock has a consensus Buy recommendation according to Wall Street analysts. Of the 9 analysts covering Nextera Energy Partners, 33.33% have issued a Strong Buy rating, 33.33% have issued a Buy, 11.11% have issued a Hold, while 22.22% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the utility stocks with highest dividends?

Out of 83 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 N/A, which is N/A percentage points lower than the utility sector average of 3.52%.

Kenon Holdings's dividend payout ratio of 47.9% indicates that its dividend yield is 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 13.11%, which is 10 percentage points higher than the utility sector average of 3.52%. 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 10.74%, which is 7 percentage points higher than the utility sector average of 3.52%. 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 -290% indicates that its high dividend yield might not be sustainable for the long-term.

Why are utility stocks up?

Utility stocks were up 0.19% in the last day, and up 1.37% 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. Kenon Holdings (NYSE:KEN)


Kenon Holdings (NYSE:KEN) is the most undervalued utility stock based on WallStreetZen's Valuation Score. Kenon Holdings has a valuation score of 71, which is 48 points higher than the utility sector average of 23. It passed 5 out of 7 valuation due diligence checks.

Kenon Holdings's stock has dropped -44.24% in the past year. It has underperformed other stocks in the utility sector by -46 percentage points.

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


Energy Co Of Minas Gerais (NYSE:CIG) is the second most undervalued utility stock based on WallStreetZen's Valuation Score. Energy Co Of Minas Gerais has a valuation score of 71, which is 48 points higher than the utility sector average of 23. It passed 5 out of 7 valuation due diligence checks.

Energy Co Of Minas Gerais's stock has gained 15.47% in the past year. It has overperformed other stocks in the utility sector by 14 percentage points.

3. Suburban Propane Partners (NYSE:SPH)


Suburban Propane Partners (NYSE:SPH) is the third most undervalued utility stock based on WallStreetZen's Valuation Score. Suburban Propane Partners has a valuation score of 71, which is 48 points higher than the utility sector average of 23. It passed 5 out of 7 valuation due diligence checks.

Suburban Propane Partners's stock has gained 4.8% in the past year. It has overperformed other stocks in the utility sector by 3 percentage points.

Are utility stocks a good buy now?

31.31% of utility stocks rated by analysts are a buy right now. On average, analysts expect utility stocks to rise by 7.59% 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 21.47x.
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.