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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
Performance Score
Market Cap
Revenue
EBITDA
Earnings
EPS
Revenue Growth Y/Y
Revenue Growth 5Y
Earnings Growth Y/Y
Earnings Growth 5Y
Earnings Date
MNTK
MONTAUK RENEWABLES INC
$546.05M$174.90M$45.28M$14.95M$0.11-14.91%8.73%-56.00%N/A2024-06-05
CWCO
CONSOLIDATED WATER CO LTD
$398.53M$180.21M$43.06M$29.59M$1.8891.50%22.35%394.74%20.18%2024-05-28
OPAL
OPAL FUELS INC
$800.32M$256.11M$53.94M$18.94M$0.708.74%16.43%438.46%N/A2024-05-08
ENLT
ENLIGHT RENEWABLE ENERGY LTD
$1.86B$255.70M$233.29M$70.92M$0.6133.06%N/A144.00%N/A2024-05-22
CEPU
CENTRAL PUERTO SA
$1.53B$466.17M$407.66M$87.54M$0.58-46.91%-6.43%N/A-24.51%2024-05-13
CIG
ENERGY CO OF MINAS GERAIS
$5.35B$7.18B$1.74B$852.50M$0.397.85%-0.13%15.41%36.60%2024-05-14
OTTR
OTTER TAIL CORP
$3.53B$1.35B$499.12M$294.19M$7.06-7.60%8.04%3.37%27.69%2024-05-07
EVRG
EVERGY INC
$11.87B$5.51B$2.35B$731.30M$3.18-5.99%5.20%-2.75%4.93%2024-05-09
NEP
NEXTERA ENERGY PARTNERS LP
$2.71B$1.03B$1.12B$284.00M$3.0710.83%7.04%-17.91%18.57%
ALE
ALLETE INC
$3.40B$1.88B$607.50M$247.10M$4.3119.68%4.64%27.51%4.92%2024-05-14
ENIC
ENEL CHILE SA
$4.11B$6.16B$2.38B$1.56B$1.1273.92%7.29%1,377.78%12.98%2024-05-07
RNW
RENEW ENERGY GLOBAL PLC
$2.00B$1.19B$815.09M$46.06M$0.1020.60%N/AN/AN/A2024-06-04
ATO
ATMOS ENERGY CORP
$17.64B$3.95B$1.83B$925.29M$6.26-15.47%4.94%10.41%9.70%2024-05-09
AVA
AVISTA CORP
$2.78B$1.75B$546.26M$171.18M$2.242.42%4.63%5.16%1.49%2024-05-01
MGEE
MGE ENERGY INC
$2.81B$690.43M$276.28M$117.70M$3.25-3.37%4.29%5.86%5.99%2024-05-21
NFE
NEW FORTRESS ENERGY INC
$5.56B$2.41B$1.13B$547.88M$2.661.90%84.69%186.02%N/A2024-05-21
SRE
SEMPRA
$45.08B$16.72B$7.10B$3.03B$4.8115.80%10.60%44.88%22.76%2024-05-09
WTRG
ESSENTIAL UTILITIES INC
$9.86B$2.05B$1.06B$498.23M$1.86-10.24%19.63%5.08%11.49%2024-05-03
ETR
ENTERGY CORP
$22.71B$12.15B$4.92B$2.36B$11.14-11.75%1.99%106.30%18.94%2024-05-03
NGG
NATIONAL GRID PLC
$52.12B$26.74B$15.13B$9.63B$13.157.50%4.47%198.33%-2.33%
ARIS
ARIS WATER SOLUTIONS INC
$855.95M$392.12M$135.87M$18.89M$0.5922.15%N/A1,375.00%N/A2024-05-09
EE
EXCELERATE ENERGY INC
$1.86B$1.16B$259.64M$30.41M$1.16-53.13%N/A127.45%N/A2024-06-06
ED
CONSOLIDATED EDISON INC
$32.11B$14.66B$6.06B$2.52B$7.25-6.43%3.51%54.91%10.35%2024-05-20
FTS
FORTIS INC
$19.16B$8.59B$2.59B$1.12B$2.317.43%6.86%14.88%3.97%2024-05-02
D
DOMINION ENERGY INC
$42.25B$14.39B$7.37B$1.99B$2.293.26%5.15%53.69%-9.34%2024-05-07
VST
VISTRA CORP
$25.29B$14.78B$4.70B$1.34B$3.637.66%10.08%N/AN/A2024-05-08
BKH
BLACK HILLS CORP
$3.67B$2.33B$724.60M$262.20M$3.91-8.64%5.85%-1.76%-3.82%2024-05-09
AGR
AVANGRID INC
$14.08B$8.26B$2.54B$892.00M$2.310.05%5.06%31.25%5.00%2024-06-12
OGE
OGE ENERGY CORP
$6.78B$2.67B$1.20B$416.80M$2.08-20.78%3.33%-37.54%-0.47%2024-05-16
PAM
PAMPA ENERGY INC
$2.43B$1.83B$580.00M$456.00M$8.2521.29%31.77%73.68%14.58%2024-05-10
SWX
SOUTHWEST GAS HOLDINGS INC
$5.37B$5.43B$925.92M$150.89M$2.139.56%13.54%N/A-10.41%2024-05-08
XEL
XCEL ENERGY INC
$29.98B$13.78B$5.32B$1.84B$3.33-11.92%3.27%2.46%5.82%2024-05-22
YORW
YORK WATER CO
$507.00M$71.03M$43.83M$23.76M$1.6618.26%7.96%18.57%9.80%2024-05-06
AES
AES CORP
$12.22B$12.67B$2.96B$249.00M$0.370.40%3.36%N/A-27.28%2024-05-03
AWR
AMERICAN STATES WATER CO
$2.59B$595.70M$252.54M$124.92M$3.3721.19%6.40%58.96%14.27%2024-05-21
EIX
EDISON INTERNATIONAL
$26.97B$16.34B$5.85B$1.20B$3.12-5.12%5.24%93.79%N/A2024-04-30
POR
PORTLAND GENERAL ELECTRIC CO
$4.41B$3.10B$956.00M$264.00M$2.6212.10%8.43%-4.73%1.10%
ORA
ORMAT TECHNOLOGIES INC
$3.81B$829.42M$454.06M$124.40M$2.0912.98%2.89%78.63%1.61%2024-05-09
CWT
CALIFORNIA WATER SERVICE GROUP
$2.77B$934.28M$329.00M$144.04M$2.5116.13%6.26%85.93%15.52%2024-05-29
AQN
ALGONQUIN POWER & UTILITIES CORP
$4.22B$2.70B$763.03M$20.32M$0.03-2.42%10.36%N/A-39.82%2024-06-19
PCG
PG&E CORP
$44.53B$24.08B$7.88B$2.41B$1.149.00%7.58%18.75%N/A2024-05-16
PEG
PUBLIC SERVICE ENTERPRISE GROUP INC
$33.81B$11.24B$4.96B$2.56B$5.1514.66%2.99%148.79%12.56%2024-04-30
SR
SPIRE INC
$3.38B$2.61B$702.20M$196.50M$3.716.18%5.40%-19.70%2.31%2024-05-01
VIA
VIA RENEWABLES INC
$78.69M$435.19M$44.55M$4.36M$1.36-5.49%-15.43%N/AN/A2024-05-30
FE
FIRSTENERGY CORP
$21.94B$12.93B$4.99B$1.06B$1.851.77%2.76%160.56%87.42%2024-05-22
OGS
ONE GAS INC
$3.62B$2.37B$738.56M$231.23M$4.16-7.99%7.74%1.71%4.93%2024-05-23
CMS
CMS ENERGY CORP
$17.72B$7.35B$3.47B$960.00M$3.28-13.54%1.05%40.77%8.12%2024-05-03
EDN
EDENOR
$754.17M$802.81M$671.31M$54.31M$1.27-76.14%-22.52%N/A-23.92%
EXC
EXELON CORP
$37.30B$21.73B$7.94B$2.33B$2.3413.89%-9.59%6.36%2.48%2024-05-02
SBS
COMPANHIA DE SANEAMENTO BASICO DO ESTADO DE SAO PAULO-SABESP
$10.94B$4.43B$1.74B$626.76M$0.9219.15%-1.13%42.81%-4.96%2024-05-09
TAC
TRANSALTA CORP
$2.03B$2.49B$1.25B$477.04M$1.7316.13%8.65%24,928.57%N/A2024-05-03
FLNC
FLUENCE ENERGY INC
$3.01B$2.27B-$52.87M-$61.72M-$0.5270.25%N/AN/AN/A2024-05-09
NEE
NEXTERA ENERGY INC
$135.58B$27.13B$16.76B$7.49B$3.689.47%9.87%9.20%19.42%2024-05-23
PNW
PINNACLE WEST CAPITAL CORP
$8.36B$4.70B$1.76B$501.56M$4.428.59%4.93%3.51%-0.62%2024-05-22
LNT
ALLIANT ENERGY CORP
$12.70B$4.03B$1.78B$703.00M$2.78-4.23%2.65%1.83%4.89%2024-05-17
ARTNA
ARTESIAN RESOURCES CORP
$354.94M$98.86M$45.54M$16.70M$1.67-0.04%4.22%-12.11%1.50%2024-05-07
NRGV
ENERGY VAULT HOLDINGS INC
$185.32M$341.54M-$97.86M-$98.44M-$0.69134.13%N/AN/AN/A2024-05-24
MSEX
MIDDLESEX WATER CO
$876.47M$166.27M$75.15M$31.40M$1.772.36%3.79%-26.25%-2.12%2024-05-21
DUK
DUKE ENERGY CORP
$75.32B$29.06B$12.38B$2.74B$3.541.02%3.46%11.67%-1.20%2024-05-09
ADN
ADVENT TECHNOLOGIES HOLDINGS INC
$9.50M$5.31M-$88.80M-$93.29M-$1.76-39.54%N/AN/AN/A2024-06-19
IDA
IDACORP INC
$4.79B$1.77B$624.87M$261.20M$5.157.44%5.20%0.78%2.74%2024-05-16
GNE
GENIE ENERGY LTD
$424.36M$428.71M$24.34M$19.21M$0.7535.87%8.87%-77.61%-2.47%2024-05-08
SO
SOUTHERN CO
$79.87B$25.25B$11.90B$3.98B$3.64-13.75%1.45%10.98%10.80%2024-05-22
UTL
UNITIL CORP
$807.20M$557.10M$154.50M$45.20M$2.82-1.08%4.64%8.88%4.81%2024-05-07
NI
NISOURCE INC
$12.50B$5.51B$2.25B$661.70M$1.59-5.90%1.48%-13.59%N/A2024-05-13
PPL
PPL CORP
$19.92B$8.31B$2.93B$740.00M$1.005.19%1.32%-2.91%-17.33%2024-05-15
AWK
AMERICAN WATER WORKS COMPANY INC
$23.52B$4.23B$2.67B$944.00M$4.9011.66%4.24%8.65%9.17%2024-05-15
PCYO
PURE CYCLE CORP
$228.84M$18.84M$11.02M$6.53M$0.282.35%11.76%0.00%N/A
AEE
AMEREN CORP
$19.61B$7.50B$3.33B$1.15B$4.39-5.74%3.58%5.53%5.62%2024-05-09
AMPS
ALTUS POWER INC
$575.87M$155.16M$93.11M-$9.36M-$0.0653.38%N/AN/AN/A2024-05-22
DTE
DTE ENERGY CO
$22.66B$12.21B$3.87B$1.27B$6.12-33.77%-2.67%8.13%-0.83%2024-05-02
NJR
NEW JERSEY RESOURCES CORP
$4.26B$1.71B$563.12M$238.21M$2.45-42.22%-10.80%-15.81%1.99%2024-05-07
GWRS
GLOBAL WATER RESOURCES INC
$294.70M$53.03M$27.50M$7.98M$0.3318.56%8.35%37.50%17.08%2024-05-09
CWEN
CLEARWAY ENERGY INC
$4.68B$1.31B$1.14B$79.00M$0.6710.42%4.53%-86.57%7.81%2024-05-02
WAVE
ECO WAVE POWER GLOBAL AB (PUBL)
$15.21M$306.00k-$1.49M-$1.71M-$0.321,076.92%N/AN/AN/A
CPK
CHESAPEAKE UTILITIES CORP
$2.34B$670.60M$229.68M$87.21M$4.75-1.48%6.46%-6.31%6.54%2024-05-09
AY
ATLANTICA SUSTAINABLE INFRASTRUCTURE PLC
$2.90B$1.10B$786.19M$43.38M$0.30-0.19%1.05%N/A-2.50%2024-05-03
AEP
AMERICAN ELECTRIC POWER CO INC
$44.86B$18.98B$7.16B$2.21B$4.26-3.35%3.23%-5.54%1.78%2024-04-30
NWE
NORTHWESTERN ENERGY GROUP INC
$3.04B$1.44B$535.88M$196.69M$3.23-6.17%3.17%-0.31%-5.16%
RGCO
RGC RESOURCES INC
$208.45M$88.58M$33.31M$13.06M$1.31-5.95%5.43%N/A5.98%2024-05-06
BEP
BROOKFIELD RENEWABLE PARTNERS LP
$6.13B$5.04B$3.46B-$91.00M-$0.326.94%5.82%N/AN/A2024-05-03
KEN
KENON HOLDINGS LTD
$1.17B$691.80M-$53.51M-$235.98M-$4.4220.53%13.70%N/AN/A2024-06-03
NWN
NORTHWEST NATURAL HOLDING CO
$1.44B$1.20B$368.56M$93.87M$2.5915.44%11.14%1.97%2.95%2024-05-23
WEC
WEC ENERGY GROUP INC
$25.72B$8.89B$3.53B$1.33B$4.22-7.34%2.98%-5.38%4.66%2024-05-09
SJW
SJW GROUP
$1.72B$682.45M$270.44M$85.16M$2.677.69%11.26%-0.74%6.06%2024-06-20
SPH
SUBURBAN PROPANE PARTNERS LP
$1.26B$1.40B$244.56M$102.81M$1.61-8.27%0.72%-37.60%8.31%2024-05-21
CNP
CENTERPOINT ENERGY INC
$18.22B$8.70B$3.19B$867.00M$1.37-6.71%6.74%-14.38%13.11%2024-04-30
NRG
NRG ENERGY INC
$15.15B$28.82B$1.58B-$256.00M-$1.12-8.62%24.91%N/AN/A2024-05-07
PNM
PNM RESOURCES INC
$3.28B$1.94B$615.52M$87.29M$1.02-13.80%6.18%-48.22%-0.95%2024-06-04
EBR
BRAZILIAN ELECTRIC POWER CO
$14.61B$7.30B$3.44B$959.09M$0.3918.46%2.46%18.31%-31.80%2024-05-08
UGI
UGI CORP
$5.32B$8.29B$531.00M-$454.00M-$2.17-18.66%1.42%N/AN/A2024-05-02
ES
EVERSOURCE ENERGY
$20.79B$11.91B$1.88B-$442.24M-$1.27-3.08%7.11%N/AN/A2024-05-02
ELLO
ELLOMAY CAPITAL LTD
$188.68M$52.51M$32.05M$2.39M$0.18-2.37%21.11%N/A10.45%2024-06-27
CREG
SMART POWERR CORP
$8.52M$0.00-$152.04k-$746.79k-$0.10N/A-100.00%N/AN/A2024-06-19
BIP
BROOKFIELD INFRASTRUCTURE PARTNERS LP
$12.52B$17.93B$6.25B$102.00M$0.1424.29%30.98%0.00%-16.89%2024-05-01
CDZI
CADIZ INC
$150.89M$1.99M-$25.12M-$31.45M-$0.5632.64%35.25%N/AN/A2024-05-13
ELP
ENERGY CO OF PARANA
$4.26B$4.22B$1.23B$443.95M$0.7713.62%3.30%119.89%4.98%
VGAS
VERDE CLEAN FUELS INC
$146.87M$0.00-$2.27M-$2.74M-$0.45N/AN/AN/AN/A
CEG
CONSTELLATION ENERGY CORP
$59.65B$24.92B$5.43B$1.62B$5.021.96%4.04%N/AN/A2024-05-09
BNRG
BRENMILLER ENERGY LTD
$4.30M$621.00k-$9.43M-$9.65M-$4.99-59.14%N/AN/AN/A2024-05-08

Utility Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
12-0.74%+0.28%+1.44%-9.24%41.15x1.57x+9.89%+3.14%+6.74%+9.43%Buy
5+0.33%+5.89%+4.76%+73.85%-10.05x3.59x+13.69%+2.72%+8.73%-2.00%Buy
42-1.14%+0.43%+3.20%-9.40%16.38x1.62x+10.87%+2.94%+5.22%+2.61%Buy
15-0.71%+0.64%+1.98%-7.00%14.91x1.74x+8.06%+2.66%+5.68%+5.45%Hold
14-0.39%+1.53%-0.55%-18.53%21.61x2.10x+9.99%+3.74%+7.40%+13.84%Buy
21+0.02%+2.76%+0.89%+3.24%31.66x2.60x+8.35%+1.97%+4.61%+16.30%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 66, which is 33 points higher than the utility sector average of 33. It passed 21 out of 33 due diligence checks and has strong fundamentals. Montauk Renewables has seen its stock lose -40.99% over the past year, underperforming other utility stocks by -34 percentage points.

Montauk Renewables has an average 1 year price target of $7.50, an upside of 97.37% from Montauk Renewables's current stock price of $3.80.

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 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 Co has seen its stock return 49.67% over the past year, overperforming other utility stocks by 56 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 -38.87% over the past year, underperforming other utility stocks by -32 percentage points.

Opal Fuels has an average 1 year price target of $8.67, an upside of 86.79% from Opal Fuels's current stock price of $4.64.

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 17.08%, which is 13 percentage points higher than the utility sector average of 4%. 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 11.9%, which is 8 percentage points higher than the utility sector average of 4%. 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 112.2% 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 11.85%, which is 8 percentage points higher than the utility sector average of 4%. 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 down?

Utility stocks were down -0.75% in the last day, and up 1.08% 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. Via Renewables (NASDAQ:VIA)


Via Renewables (NASDAQ:VIA) is the 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 gained 5.94% in the past year. It has overperformed other stocks in the utility sector by 13 percentage points.

2. Enlight Renewable Energy (NASDAQ:ENLT)


Enlight Renewable Energy (NASDAQ:ENLT) is the second 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 dropped -1.13% in the past year. It has overperformed other stocks in the utility sector by 6 percentage points.

3. Montauk Renewables (NASDAQ:MNTK)


Montauk Renewables (NASDAQ:MNTK) is the third most undervalued utility stock based on WallStreetZen's Valuation Score. Montauk Renewables 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.

Montauk Renewables's stock has dropped -40.99% in the past year. It has underperformed other stocks in the utility sector by -34 percentage points.

Are utility stocks a good buy now?

45.33% of utility stocks rated by analysts are a buy right now. On average, analysts expect utility stocks to rise by 6.12% 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 18.63x.
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.