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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
CWCO
CONSOLIDATED WATER CO LTD
NASDAQ
Utilities - Regulated Water
$247.87M$16.21-3.40%$12.11M43.81x0.10
NRG
NRG ENERGY INC
NYSE
Utilities - Independent Power Producers
$9.26B$39.390.00%$5.74B2.78x5.48
GNE
GENIE ENERGY LTD
NYSE
Utilities - Regulated Electric
$241.01M$9.310.65%$100.08M3.13x0.53
KEN
KENON HOLDINGS LTD
NYSE
Utilities - Regulated Electric
$1.88B$34.871.45%$1.72B1.27x0.95
OTTR
OTTER TAIL CORP
NASDAQ
Utilities - Diversified
$2.64B$63.38-1.81%$458.37M10.04x1.58
UGI
UGI CORP
NYSE
Utilities - Regulated Gas
$6.88B$32.88-2.26%$2.68B5.09x1.85
AQN
ALGONQUIN POWER & UTILITIES CORP
NYSE
Utilities - Renewable
$7.88B$11.69-1.93%$838.49M37.71x1.91
MNTK
MONTAUK RENEWABLES INC
NASDAQ
Utilities - Diversified
$2.59B$18.065.31%$59.75M78.52x0.53
NEP
NEXTERA ENERGY PARTNERS LP
NYSE
Utilities - Renewable
$6.22B$74.18-2.01%$432.00M16.78x2.03
NWE
NORTHWESTERN CORP
NASDAQ
Utilities - Diversified
$2.80B$49.94-2.86%$465.29M15.23x1.81
CPK
CHESAPEAKE UTILITIES CORP
NYSE
Utilities - Regulated Gas
$2.15B$121.16-2.92%$218.80M23.99x1.60
FLNC
FLUENCE ENERGY INC
NASDAQ
Utilities - Renewable
$2.50B$14.450.49%-$146.20M2.12x2.18
VIA
VIA RENEWABLES INC
NASDAQ
Utilities - Regulated Electric
$255.31M$7.120.14%$55.81M9.37x2.89
MGEE
MGE ENERGY INC
NASDAQ
Utilities - Diversified
$2.56B$70.85-2.57%$227.68M24.60x1.62
CMS
CMS ENERGY CORP
NYSE
Utilities - Regulated Electric
$17.92B$61.75-2.79%$3.43B13.57x3.14
IDA
IDACORP INC
NYSE
Utilities - Regulated Electric
$5.22B$103.24-2.45%$547.83M21.73x1.75
SPH
SUBURBAN PROPANE PARTNERS LP
NYSE
Utilities - Regulated Gas
$973.78M$15.460.26%$304.85M5.50x2.74
NFE
NEW FORTRESS ENERGY INC
NASDAQ
Utilities - Regulated Gas
$8.71B$41.961.80%$412.44M40.35x2.75
XEL
XCEL ENERGY INC
NASDAQ
Utilities - Regulated Electric
$37.40B$68.37-2.26%$4.69B22.71x2.71
AMPS
ALTUS POWER INC
NYSE
Utilities - Renewable
$2.17B$13.9017.10%$137.59M0.00x1.68
POR
PORTLAND GENERAL ELECTRIC CO
NYSE
Utilities - Regulated Electric
$4.18B$46.79-2.78%$823.00M17.46x2.57
ATO
ATMOS ENERGY CORP
NYSE
Utilities - Regulated Gas
$15.05B$107.57-1.47%$1.44B19.63x1.34
AEP
AMERICAN ELECTRIC POWER CO INC
NASDAQ
Utilities - Regulated Electric
$47.71B$92.86-2.90%$7.01B18.24x2.76
ADN
ADVENT TECHNOLOGIES HOLDINGS INC
NASDAQ
Utilities - Renewable
$167.29M$3.242.86%-$35.76M-4.50x0.16
PAM
PAMPA ENERGY INC
NYSE
Utilities - Regulated Electric
$1.24B$22.450.18%$535.00M4.73x1.16
EVRG
EVERGY INC
NYSE
Utilities - Regulated Electric
$14.44B$62.93-0.90%$2.22B17.63x2.14
CIG
ENERGY CO OF MINAS GERAIS
NYSE
Utilities - Diversified
$5.95B$2.08-2.80%$1.72B8.16x1.68
LNT
ALLIANT ENERGY CORP
NASDAQ
Utilities - Regulated Electric
$14.26B$56.84-2.05%$1.64B20.52x2.16
NGG
NATIONAL GRID PLC
NYSE
Utilities - Diversified
$40.20B$51.49-3.83%$8.24B12.44x2.98
AGR
AVANGRID INC
NYSE
Utilities - Regulated Electric
$16.89B$43.68-1.47%$2.31B18.75x1.00
ORA
ORMAT TECHNOLOGIES INC
NYSE
Utilities - Renewable
$5.00B$89.45-0.93%$378.32M78.46x1.39
DUK
DUKE ENERGY CORP
NYSE
Utilities - Regulated Electric
$75.70B$98.32-2.50%$12.25B19.86x2.43
ED
CONSOLIDATED EDISON INC
NYSE
Utilities - Regulated Electric
$32.19B$90.77-2.58%$4.87B19.86x2.18
ALE
ALLETE INC
NYSE
Utilities - Diversified
$3.02B$52.99-2.86%$478.70M14.64x1.30
ES
EVERSOURCE ENERGY
NYSE
Utilities - Regulated Electric
$28.58B$82.49-2.53%$3.45B21.54x2.32
OGE
OGE ENERGY CORP
NYSE
Utilities - Regulated Electric
$7.64B$38.15-2.08%$1.71B8.26x2.02
SJI
SOUTH JERSEY INDUSTRIES INC
NYSE
Utilities - Diversified
$4.05B$33.08-0.12%$534.54M22.50x2.60
SRE
SEMPRA ENERGY
NYSE
Utilities - Diversified
$48.45B$154.15-1.96%$4.53B42.70x1.73
AWK
AMERICAN WATER WORKS COMPANY INC
NYSE
Utilities - Regulated Water
$24.49B$134.71-1.91%$3.05B18.81x2.51
FTS
FORTIS INC
NYSE
Utilities - Regulated Electric
$19.05B$39.80-1.51%$2.27B19.53x1.89
FE
FIRSTENERGY CORP
NYSE
Utilities - Diversified
$21.83B$38.21-1.44%$5.34B15.47x3.11
SO
SOUTHERN CO
NYSE
Utilities - Regulated Electric
$76.24B$71.72-1.95%$9.51B25.16x2.95
BKH
BLACK HILLS CORP
NYSE
Utilities - Diversified
$4.52B$69.48-3.07%$686.45M16.74x2.13
ETR
ENTERGY CORP
NYSE
Utilities - Diversified
$21.52B$105.80-2.77%$4.15B17.40x3.93
PPL
PPL CORP
NYSE
Utilities - Regulated Electric
$19.96B$27.11-1.42%$2.57B27.95x1.67
PNM
PNM RESOURCES INC
NYSE
Utilities - Regulated Electric
$3.97B$46.23-0.73%$616.40M25.26x3.15
D
DOMINION ENERGY INC
NYSE
Utilities - Diversified
$61.63B$74.03-2.39%$6.58B27.62x2.66
MSEX
MIDDLESEX WATER CO
NASDAQ
Utilities - Regulated Water
$1.41B$79.86-2.32%$73.74M35.49x1.69
NJR
NEW JERSEY RESOURCES CORP
NYSE
Utilities - Regulated Gas
$3.96B$41.11-2.93%$487.28M17.95x2.48
AEE
AMEREN CORP
NYSE
Utilities - Regulated Electric
$21.99B$85.11-1.85%$2.88B21.71x2.74
EXC
EXELON CORP
NASDAQ
Utilities - Diversified
$39.37B$40.15-1.06%$9.97B14.82x2.90
CWEN
CLEARWAY ENERGY INC
NYSE
Utilities - Renewable
$6.68B$33.00-1.99%$1.59B6.99x3.69
BIP
BROOKFIELD INFRASTRUCTURE PARTNERS LP
NYSE
Utilities - Diversified
$17.00B$37.13-2.80%$5.08B53.81x5.96
GWRS
GLOBAL WATER RESOURCES INC
NASDAQ
Utilities - Regulated Water
$293.80M$12.31-1.05%$20.02M55.95x9.25
CNP
CENTERPOINT ENERGY INC
NYSE
Utilities - Regulated Gas
$18.82B$29.89-2.03%$3.81B12.05x2.61
EIX
EDISON INTERNATIONAL
NYSE
Utilities - Regulated Electric
$23.41B$61.37-2.85%$3.89B46.14x3.64
PCYO
PURE CYCLE CORP
NASDAQ
Utilities - Regulated Water
$212.23M$8.850.11%$9.52M38.48x0.08
WTRG
ESSENTIAL UTILITIES INC
NYSE
Utilities - Regulated Water
$11.21B$42.75-1.63%$943.50M25.00x1.82
UTL
UNITIL CORP
NYSE
Utilities - Diversified
$785.42M$48.980.27%$137.90M18.98x2.33
AVA
AVISTA CORP
NYSE
Utilities - Diversified
$2.84B$38.95-2.67%$490.41M18.64x2.10
SBS
COMPANHIA DE SANEAMENTO BASICO DO ESTADO DE SAO PAULO-SABESP
NYSE
Utilities - Regulated Water
$5.52B$8.070.12%$1.49B11.01x1.13
HTOO
FUSION FUEL GREEN PLC
NASDAQ
Utilities - Renewable
$72.81M$5.550.54%-$7.75M2.84x0.40
EBR
BRAZILIAN ELECTRIC POWER CO
NYSE
Utilities - Regulated Electric
$10.49B$8.14-2.63%$2.83B10.57x1.47
YORW
YORK WATER CO
NASDAQ
Utilities - Regulated Water
$565.11M$39.61-2.92%$32.74M30.01x1.42
WEC
WEC ENERGY GROUP INC
NYSE
Utilities - Regulated Electric
$29.89B$94.77-2.51%$3.20B21.89x2.51
AWR
AMERICAN STATES WATER CO
NYSE
Utilities - Regulated Water
$2.96B$80.15-2.39%$173.72M35.94x1.81
NI
NISOURCE INC
NYSE
Utilities - Regulated Gas
$10.90B$26.86-1.86%$1.99B16.08x2.39
NEE
NEXTERA ENERGY INC
NYSE
Utilities - Regulated Electric
$159.30B$81.08-0.09%$7.56B61.89x2.94
PNW
PINNACLE WEST CAPITAL CORP
NYSE
Utilities - Regulated Electric
$7.72B$68.25-2.04%$1.66B14.07x2.79
CREG
SMART POWERR CORP
NASDAQ
Utilities - Renewable
$24.28M$3.303.77%-$9.11M-1.51x0.23
ELP
ENERGY CO OF PARANA
NYSE
Utilities - Diversified
$15.87B$5.80-2.52%$1.86B22.14x1.25
SWX
SOUTHWEST GAS HOLDINGS INC
NYSE
Utilities - Regulated Gas
$4.94B$73.66-1.66%$767.08M30.07x2.74
SJW
SJW GROUP
NYSE
Utilities - Regulated Water
$1.75B$57.82-2.94%$218.86M33.23x2.44
CWT
CALIFORNIA WATER SERVICE GROUP
NYSE
Utilities - Regulated Water
$2.95B$54.32-2.30%$246.72M32.92x2.06
ARIS
ARIS WATER SOLUTIONS INC
NYSE
Utilities - Regulated Water
$701.27M$12.314.15%$78.71MN/A2.64
CDZI
CADIZ INC
NASDAQ
Utilities - Regulated Water
$111.75M$2.200.46%-$16.57M-3.28x1.91
SR
SPIRE INC
NYSE
Utilities - Regulated Gas
$3.41B$64.91-2.64%$622.40M16.60x2.44
OGS
ONE GAS INC
NYSE
Utilities - Regulated Gas
$4.01B$74.05-3.72%$600.35M18.89x2.43
NWN
NORTHWEST NATURAL HOLDING CO
NYSE
Utilities - Regulated Gas
$1.59B$45.58-1.60%$300.06M18.23x2.35
AES
AES CORP
NYSE
Utilities - Diversified
$14.85B$22.24-3.14%$1.68B-42.77x10.42
ARTNA
ARTESIAN RESOURCES CORP
NASDAQ
Utilities - Regulated Water
$469.03M$49.69-1.56%$43.46M26.57x2.58
LFG
ARCHAEA ENERGY INC
NYSE
Utilities - Renewable
$2.20B$18.365.76%$31.85M-183.60x3.74
OPAL
OPAL FUELS INC
NASDAQ
Utilities - Diversified
$211.69M$8.41-0.94%$79.34MN/A5.39
DTE
DTE ENERGY CO
NYSE
Utilities - Regulated Electric
$23.58B$121.70-1.06%$2.69B30.97x3.82
NRGV
ENERGY VAULT HOLDINGS INC
NYSE
Utilities - Renewable
$742.77M$5.4210.39%-$50.59M-0.32x0.13
HE
HAWAIIAN ELECTRIC INDUSTRIES INC
NYSE
Utilities - Regulated Electric
$3.92B$35.85-2.77%$681.18M16.37x6.15
HLGN
HELIOGEN INC
NYSE
Utilities - Renewable
$327.41M$1.721.18%-$153.68M-21.50x0.41
BEPC
BROOKFIELD RENEWABLE CORP
NYSE
Utilities - Renewable
$5.84B$33.91-2.02%$2.65BN/A6.86
RGCO
RGC RESOURCES INC
NASDAQ
Utilities - Regulated Gas
$207.10M$21.12-0.24%-$14.48M-8.76x1.83
PCG
PG&E CORP
NYSE
Utilities - Regulated Electric
$30.60B$12.41-2.67%$5.85B112.82x4.21
VST
VISTRA CORP
NYSE
Utilities - Independent Power Producers
$9.17B$22.02-2.00%$1.20B-8.70x5.95
CEPU
CENTRAL PUERTO SA
NYSE
Utilities - Regulated Electric
$610.15M$4.03-0.49%$316.25M-93.72x0.59
SMR
NUSCALE POWER CORP
NYSE
Utilities - Renewable
$500.00M$12.508.41%-$104.17M-17.86x1.21
RNW
RENEW ENERGY GLOBAL PLC
NASDAQ
Utilities - Renewable
$2.53B$6.312.94%$599.74MN/A4.41
WAVE
ECO WAVE POWER GLOBAL AB (PUBL)
NASDAQ
Utilities - Independent Power Producers
$20.84M$3.76-0.92%-$2.82M-7.82x0.13
BEP
BROOKFIELD RENEWABLE PARTNERS LP
NYSE
Utilities - Renewable
$8.86B$32.20-2.28%$2.66B-63.14x8.68
EDN
EDENOR
NYSE
Utilities - Regulated Electric
$273.30M$6.030.84%$279.85M-1.36x2.23
OIG
ORBITAL INFRASTRUCTURE GROUP INC
NASDAQ
Utilities - Diversified
$58.00M$0.511.81%-$53.24M-0.39x7.51
AY
ATLANTICA SUSTAINABLE INFRASTRUCTURE PLC
NASDAQ
Utilities - Renewable
$3.85B$27.15-3.04%$326.06M-188.54x4.72
ENIC
ENEL CHILE SA
NYSE
Utilities - Regulated Electric
$1.95B$1.41-2.08%$320.07M19.58x1.99

Utility Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
22-2.12%-7.66%-11.23%+1.98%17.40x1.91x+7.68%+2.29%+5.26%+16.17%Buy
4-0.81%-8.44%-7.54%-4.15%-3.47x1.75x+24.27%+3.40%+10.38%+27.66%Strong Buy
33-1.89%-6.77%-9.75%+2.91%33.83x1.73x+8.45%+2.37%+4.23%+11.75%Buy
14-2.01%-7.27%-10.17%+8.70%17.56x1.90x+11.11%+3.57%+7.51%+16.98%Buy
14-2.03%-7.54%-11.30%-13.16%22.27x2.34x+12.76%+4.02%+7.50%+23.12%Buy
21+0.33%-8.17%-9.60%-11.15%-10.10x2.27x-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.