Sectors & IndustriesUtilities
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

Zen Score Price Valuation Financials Forecast Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Exchange	Industry	Market Cap	Price	1d %	EBITDA	P/E	D/E
VIA	VIA RENEWABLES INC	NASDAQ	Utilities - Regulated Electric	$292.78M	$8.21	-0.61%	$62.83M	7.14x	3.10
CWCO	CONSOLIDATED WATER CO LTD	NASDAQ	Utilities - Regulated Water	$183.73M	$12.02	2.91%	$8.14M	109.27x	0.08
KEN	KENON HOLDINGS LTD	NYSE	Utilities - Regulated Electric	$2.93B	$54.34	-5.35%	$1.14B	3.15x	1.00
OTTR	OTTER TAIL CORP	NASDAQ	Utilities - Diversified	$2.68B	$64.27	0.99%	$396.98M	12.24x	1.67
CMS	CMS ENERGY CORP	NYSE	Utilities - Regulated Electric	$19.99B	$68.90	-0.59%	$3.47B	14.79x	3.11
MNTK	MONTAUK RENEWABLES INC	NASDAQ	Utilities - Diversified	$1.68B	$11.70	-0.34%	$35.74M	195.00x	0.57
HNP	HUANENG POWER INTERNATIONAL INC	NYSE	Utilities - Independent Power Producers	$7.30B	$18.59	4.73%	$5.56B	75.57x	2.30
UGI	UGI CORP	NYSE	Utilities - Regulated Gas	$8.39B	$39.96	-1.60%	$2.90B	5.54x	1.87
VWTR	VIDLER WATER RESOURCES INC	NASDAQ	Utilities - Regulated Water	$287.31M	$15.70	0.00%	$12.59M	9.35x	0.01
GNE	GENIE ENERGY LTD	NYSE	Utilities - Regulated Electric	$195.16M	$7.45	0.00%	$64.46M	4.07x	0.67
NFE	NEW FORTRESS ENERGY INC	NASDAQ	Utilities - Regulated Gas	$8.77B	$42.23	-4.04%	$641.73M	23.20x	2.39
CREG	SMART POWERR CORP	NASDAQ	Utilities - Renewable	$29.85M	$4.31	5.90%	$7.32M	2.24x	0.13
ED	CONSOLIDATED EDISON INC	NYSE	Utilities - Regulated Electric	$33.74B	$95.22	-0.29%	$4.77B	21.99x	2.12
ALE	ALLETE INC	NYSE	Utilities - Diversified	$3.31B	$62.10	0.32%	$468.90M	17.84x	1.39
ADN	ADVENT TECHNOLOGIES HOLDINGS INC	NASDAQ	Utilities - Renewable	$85.68M	$1.66	-3.49%	-$27.31M	-2.91x	0.15
NWE	NORTHWESTERN CORP	NASDAQ	Utilities - Diversified	$3.35B	$61.80	0.96%	$470.71M	17.91x	1.88
POR	PORTLAND GENERAL ELECTRIC CO	NYSE	Utilities - Regulated Electric	$4.30B	$48.24	0.94%	$774.00M	20.79x	2.59
AQN	ALGONQUIN POWER & UTILITIES CORP	NYSE	Utilities - Renewable	$9.61B	$14.25	-0.90%	$972.95M	27.40x	1.79
SPH	SUBURBAN PROPANE PARTNERS LP	NYSE	Utilities - Regulated Gas	$1.05B	$16.73	-2.85%	$296.24M	6.88x	2.76
NEP	NEXTERA ENERGY PARTNERS LP	NYSE	Utilities - Renewable	$5.49B	$65.38	-0.46%	$735.00M	76.92x	2.36
AWK	AMERICAN WATER WORKS COMPANY INC	NYSE	Utilities - Regulated Water	$26.22B	$144.28	-1.45%	$3.03B	20.32x	2.44
AEP	AMERICAN ELECTRIC POWER CO INC	NASDAQ	Utilities - Regulated Electric	$51.29B	$99.88	-0.52%	$6.99B	19.10x	2.76
ATO	ATMOS ENERGY CORP	NYSE	Utilities - Regulated Gas	$15.55B	$111.85	-1.67%	$1.39B	20.95x	1.37
CIG	ENERGY CO OF MINAS GERAIS	NYSE	Utilities - Diversified	$6.32B	$2.87	-1.03%	$1.72B	8.67x	1.68
PAM	PAMPA ENERGY INC	NYSE	Utilities - Regulated Electric	$1.18B	$21.32	-4.27%	$535.00M	4.49x	1.16
SRE	SEMPRA ENERGY	NYSE	Utilities - Diversified	$51.16B	$162.78	-0.65%	$4.41B	50.71x	1.81
MGEE	MGE ENERGY INC	NASDAQ	Utilities - Diversified	$2.97B	$82.01	0.21%	$221.34M	28.18x	1.57
CPK	CHESAPEAKE UTILITIES CORP	NYSE	Utilities - Regulated Gas	$2.28B	$128.47	0.49%	$211.31M	26.33x	1.62
DUK	DUKE ENERGY CORP	NYSE	Utilities - Regulated Electric	$83.84B	$108.90	-0.41%	$11.96B	22.83x	2.43
AGR	AVANGRID INC	NYSE	Utilities - Regulated Electric	$18.03B	$46.63	1.90%	$2.22B	21.89x	1.02
OGE	OGE ENERGY CORP	NYSE	Utilities - Regulated Electric	$7.99B	$39.92	-0.55%	$1.73B	8.30x	2.07
NRG	NRG ENERGY INC	NYSE	Utilities - Independent Power Producers	$10.86B	$45.76	1.24%	$6.45B	N/A	4.86
EIX	EDISON INTERNATIONAL	NYSE	Utilities - Regulated Electric	$25.09B	$65.83	-1.25%	$3.94B	42.75x	3.63
LNT	ALLIANT ENERGY CORP	NASDAQ	Utilities - Regulated Electric	$14.78B	$58.94	-1.36%	$1.60B	21.67x	2.10
MSEX	MIDDLESEX WATER CO	NASDAQ	Utilities - Regulated Water	$1.55B	$88.44	-0.65%	$73.10M	37.32x	1.67
FTS	FORTIS INC	NYSE	Utilities - Regulated Electric	$23.52B	$49.31	0.12%	$2.24B	24.28x	1.92
PNW	PINNACLE WEST CAPITAL CORP	NYSE	Utilities - Regulated Electric	$8.42B	$74.54	0.01%	$1.70B	14.04x	2.72
BIP	BROOKFIELD INFRASTRUCTURE PARTNERS LP	NYSE	Utilities - Diversified	$18.58B	$60.85	-0.18%	$5.22B	41.97x	5.89
PPL	PPL CORP	NYSE	Utilities - Regulated Electric	$21.61B	$29.37	-0.07%	$3.14B	34.96x	1.46
BKH	BLACK HILLS CORP	NYSE	Utilities - Diversified	$4.83B	$74.43	-1.74%	$673.37M	18.47x	2.15
SWX	SOUTHWEST GAS HOLDINGS INC	NYSE	Utilities - Regulated Gas	$6.13B	$91.70	-1.65%	$756.19M	30.77x	2.80
XEL	XCEL ENERGY INC	NASDAQ	Utilities - Regulated Electric	$40.79B	$74.89	-0.54%	$4.56B	25.05x	2.69
AVA	AVISTA CORP	NYSE	Utilities - Diversified	$3.17B	$43.80	0.27%	$487.27M	20.56x	2.15
EVRG	EVERGY INC	NYSE	Utilities - Regulated Electric	$15.39B	$67.06	-1.32%	$2.19B	19.00x	2.11
VST	VISTRA CORP	NYSE	Utilities - Independent Power Producers	$10.89B	$25.23	-0.08%	$2.86B	31.15x	3.50
SO	SOUTHERN CO	NYSE	Utilities - Regulated Electric	$78.44B	$73.82	-0.45%	$8.40B	34.18x	2.93
PNM	PNM RESOURCES INC	NYSE	Utilities - Regulated Electric	$4.01B	$46.66	-0.51%	$650.93M	20.56x	3.09
EXC	EXELON CORP	NASDAQ	Utilities - Diversified	$46.20B	$47.13	-0.86%	$11.21B	17.78x	2.95
YORW	YORK WATER CO	NASDAQ	Utilities - Regulated Water	$571.42M	$40.11	1.11%	$31.91M	30.62x	2.04
SR	SPIRE INC	NYSE	Utilities - Regulated Gas	$4.00B	$76.72	-0.39%	$621.50M	18.99x	2.31
GWRS	GLOBAL WATER RESOURCES INC	NASDAQ	Utilities - Regulated Water	$304.41M	$13.44	-1.68%	$20.94M	61.09x	9.04
D	DOMINION ENERGY INC	NYSE	Utilities - Diversified	$67.06B	$82.66	-1.89%	$7.77B	23.03x	2.61
ETR	ENTERGY CORP	NYSE	Utilities - Diversified	$23.69B	$116.47	-1.56%	$4.33B	22.14x	4.10
AES	AES CORP	NYSE	Utilities - Diversified	$13.51B	$20.23	-2.55%	$1.80B	-96.33x	9.83
UTL	UNITIL CORP	NYSE	Utilities - Diversified	$905.59M	$56.49	2.63%	$136.30M	22.96x	2.34
CWT	CALIFORNIA WATER SERVICE GROUP	NYSE	Utilities - Regulated Water	$2.86B	$53.25	0.06%	$263.96M	26.10x	2.12
WTRG	ESSENTIAL UTILITIES INC	NYSE	Utilities - Regulated Water	$11.42B	$45.01	-1.66%	$929.62M	26.17x	1.83
FE	FIRSTENERGY CORP	NYSE	Utilities - Diversified	$24.13B	$42.27	-1.08%	$5.32B	18.79x	4.10
SJI	SOUTH JERSEY INDUSTRIES INC	NYSE	Utilities - Diversified	$4.17B	$34.10	1.25%	$473.61M	45.47x	2.41
IDA	IDACORP INC	NYSE	Utilities - Regulated Electric	$5.41B	$107.00	-0.91%	$564.50M	22.02x	1.72
AEE	AMEREN CORP	NYSE	Utilities - Regulated Electric	$23.96B	$92.80	-0.75%	$2.81B	23.61x	2.68
CNP	CENTERPOINT ENERGY INC	NYSE	Utilities - Regulated Gas	$19.31B	$30.67	-2.23%	$3.82B	11.89x	2.54
SBS	COMPANHIA DE SANEAMENTO BASICO DO ESTADO DE SAO PAULO-SABESP	NYSE	Utilities - Regulated Water	$6.05B	$8.85	-4.53%	$1.49B	12.07x	1.13
ARTNA	ARTESIAN RESOURCES CORP	NASDAQ	Utilities - Regulated Water	$442.10M	$46.84	3.54%	$42.47M	25.74x	2.52
AWR	AMERICAN STATES WATER CO	NYSE	Utilities - Regulated Water	$2.90B	$78.50	1.09%	$180.92M	32.57x	1.78
ES	EVERSOURCE ENERGY	NYSE	Utilities - Regulated Electric	$30.76B	$89.18	-0.98%	$3.38B	23.72x	2.32
NI	NISOURCE INC	NYSE	Utilities - Regulated Gas	$12.40B	$30.56	-0.62%	$1.96B	18.41x	2.34
NWN	NORTHWEST NATURAL HOLDING CO	NYSE	Utilities - Regulated Gas	$1.75B	$51.07	-0.06%	$296.28M	21.02x	2.81
NJR	NEW JERSEY RESOURCES CORP	NYSE	Utilities - Regulated Gas	$4.38B	$45.54	0.31%	$331.34M	46.00x	2.29
HTOO	FUSION FUEL GREEN PLC	NASDAQ	Utilities - Renewable	$112.17M	$8.55	5.69%	-$7.75M	4.37x	0.40
HE	HAWAIIAN ELECTRIC INDUSTRIES INC	NYSE	Utilities - Regulated Electric	$4.63B	$42.32	1.24%	$691.86M	18.48x	5.89
WEC	WEC ENERGY GROUP INC	NYSE	Utilities - Regulated Electric	$32.16B	$101.95	-1.45%	$3.17B	23.71x	2.47
ELP	ENERGY CO OF PARANA	NYSE	Utilities - Diversified	$19.27B	$7.04	-0.98%	$1.86B	26.87x	1.25
EBR	BRAZILIAN ELECTRIC POWER CO	NYSE	Utilities - Regulated Electric	$10.96B	$8.50	-3.19%	$2.83B	11.04x	1.47
PCYO	PURE CYCLE CORP	NASDAQ	Utilities - Regulated Water	$239.59M	$10.00	-2.06%	$9.17M	43.48x	0.07
NEE	NEXTERA ENERGY INC	NYSE	Utilities - Regulated Electric	$139.48B	$71.00	-1.42%	$6.80B	95.95x	2.81
EDN	EDENOR	NYSE	Utilities - Regulated Electric	$256.53M	$5.66	1.62%	$279.85M	-1.28x	2.23
LFG	ARCHAEA ENERGY INC	NYSE	Utilities - Renewable	$2.09B	$17.44	-5.63%	$101.19M	N/A	-11.29
RGCO	RGC RESOURCES INC	NASDAQ	Utilities - Regulated Gas	$195.34M	$19.95	-0.25%	-$14.63M	-8.31x	1.73
CDZI	CADIZ INC	NASDAQ	Utilities - Regulated Water	$97.48M	$1.92	2.13%	-$19.93M	-2.29x	1.63
NRGV	ENERGY VAULT HOLDINGS INC	NYSE	Utilities - Renewable	$1.47B	$11.00	2.71%	-$45.83M	-0.66x	0.19
PCG	PG&E CORP	NYSE	Utilities - Regulated Electric	$29.31B	$11.89	-1.74%	$6.08B	91.46x	3.85
OGS	ONE GAS INC	NYSE	Utilities - Regulated Gas	$4.73B	$87.37	-0.21%	$593.05M	22.46x	2.46
HLGN	HELIOGEN INC	NYSE	Utilities - Renewable	$613.36M	$3.31	2.16%	-$140.98M	-0.28x	0.23
ENIC	ENEL CHILE SA	NYSE	Utilities - Regulated Electric	$1.88B	$1.36	-1.45%	$320.07M	18.89x	1.99
CEPU	CENTRAL PUERTO SA	NYSE	Utilities - Regulated Electric	$542.02M	$3.58	-2.72%	$316.25M	-83.26x	0.59
ENIA	ENEL AMERICAS SA	NYSE	Utilities - Regulated Electric	$8.54B	$5.61	-2.09%	$2.60B	15.08x	1.55
NGG	NATIONAL GRID PLC	NYSE	Utilities - Diversified	$58.40B	$76.54	-1.03%	$6.59B	24.37x	2.39
AY	ATLANTICA SUSTAINABLE INFRASTRUCTURE PLC	NASDAQ	Utilities - Renewable	$4.61B	$32.81	0.21%	$354.40M	-195.30x	4.99
CWEN	CLEARWAY ENERGY INC	NYSE	Utilities - Renewable	$6.70B	$33.16	0.24%	$889.00M	255.08x	5.39
SJW	SJW GROUP	NYSE	Utilities - Regulated Water	$1.83B	$60.37	-0.12%	$227.18M	29.31x	2.42
BEPC	BROOKFIELD RENEWABLE CORP	NYSE	Utilities - Renewable	$6.11B	$35.48	0.08%	$2.12B	N/A	2.10
ARIS	ARIS WATER SOLUTIONS INC	NYSE	Utilities - Regulated Water	$929.88M	$17.36	-2.64%	N/A	N/A	2.60
DTE	DTE ENERGY CO	NYSE	Utilities - Regulated Electric	$24.86B	$128.31	-1.00%	$2.92B	27.53x	3.55
FLNC	FLUENCE ENERGY INC	NASDAQ	Utilities - Renewable	$1.40B	$8.10	-6.03%	N/A	N/A	3.21
EE	EXCELERATE ENERGY INC	NYSE	Utilities - Renewable	N/A	$24.58	-3.00%	$271.50M	N/A	1.34
ORA	ORMAT TECHNOLOGIES INC	NYSE	Utilities - Renewable	$4.25B	$75.88	1.05%	$370.97M	64.85x	1.28
WAVE	ECO WAVE POWER GLOBAL AB (PUBL)	NASDAQ	Utilities - Independent Power Producers	$19.48M	$3.51	-7.63%	-$2.82M	-7.31x	0.13
OEG	ORBITAL ENERGY GROUP INC	NASDAQ	Utilities - Diversified	$91.77M	$0.96	-8.57%	-$55.69M	-0.84x	5.68
BEP	BROOKFIELD RENEWABLE PARTNERS LP	NYSE	Utilities - Renewable	$9.52B	$34.61	-0.14%	$2.50B	-56.74x	8.20

Utility Industries

Industry	Stocks	1d %	1w %	1m %	1y %	P/E ratio	P/B Ratio	ROE	ROA	ROCE	Upside/Downside	Consensus
Utilities - Diversified	21	-0.47%	+1.81%	-3.26%	+9.13%	19.12x	2.24x	+7.56%	+2.21%	+5.28%	+2.49%	Buy
Utilities - Independent Power Producers	5	+0.87%	+4.52%	+4.03%	+35.83%	26.74x	0.95x	+36.49%	+5.62%	+13.57%	-6.94%	Buy
Utilities - Regulated Electric	34	-0.82%	+0.58%	-4.23%	+5.91%	39.30x	1.77x	+7.82%	+2.20%	+4.25%	+5.23%	Buy
Utilities - Regulated Gas	13	-0.90%	+1.77%	-1.85%	+10.58%	19.21x	1.87x	+13.45%	+3.99%	+7.04%	+4.48%	Buy
Utilities - Regulated Water	15	-0.25%	+2.03%	-6.14%	-2.31%	18.83x	1.51x	+14.47%	+4.74%	+8.34%	+22.10%	Buy
Utilities - Renewable	21	-0.49%	+4.66%	-10.41%	-7.44%	15.99x	1.59x	-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.