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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
OverviewZen ScorePriceValuationFinancialsForecastEarnings & RevenueDividendsOwnershipTechnicals
Ticker
Company
Price
Volume
Vol 1d %
SMA 10
SMA 20
SMA 50
SMA 100
SMA 200
RSI
Stochastic %K
Stochastic %D
StochRSI %K
StochRSI %D
MACD
MACD Signal
MACD Histogram
Beta
KEP
KOREA ELECTRIC POWER CORP
$7.3796,01975.02%7.737.698.147.937.3440.9210.8415.0010.9314.92-0.14-0.11-0.030.70
HE
HAWAIIAN ELECTRIC INDUSTRIES INC
$11.322,077,828-39.66%10.4310.4310.7912.0813.5859.7580.1265.12100.0084.91-0.01-0.170.160.66
BIPC
BROOKFIELD INFRASTRUCTURE CORP
$34.57688,05477.16%34.0432.5933.0834.1834.4461.1082.0285.0676.7182.660.580.240.330.81
SUUN
SOLARBANK CORP
$6.0032,740-20.50%5.955.88N/AN/AN/A56.1437.3633.21N/AN/AN/AN/AN/A1.11
VSTE
VAST RENEWABLES LTD
$2.9512,80975.75%3.223.423.833.547.2041.078.299.8310.957.78-0.33-0.25-0.070.08
ALCE
ALTERNUS CLEAN ENERGY INC
$0.3531,921-40.81%0.340.340.400.815.3946.2743.7042.3186.0781.99-0.02-0.030.01-0.16
CTRI
CENTURI HOLDINGS INC
$25.11610,34737.53%24.8424.71N/AN/AN/A59.4756.2960.24N/AN/AN/AN/AN/A0.11
OKLO
OKLO INC
$10.275,015,910-23.34%0.010.010.010.010.0146.5028.5717.4636.5922.47-0.00-0.000.000.06
HTOO
FUSION FUEL GREEN PLC
$1.24180,496-32.64%1.261.261.441.361.2544.3145.8935.8371.8153.21-0.05-0.060.011.31
12

Utility Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
12+0.80%+1.52%+11.99%-2.57%27.95x1.71x+11.38%+3.22%+6.59%+0.63%Buy
5+3.92%+7.09%+25.19%+94.68%38.37x4.14x+22.75%+3.24%+10.45%-6.60%Buy
42+0.82%+1.27%+9.47%-2.84%18.01x1.75x+11.05%+3.01%+5.42%-1.90%Buy
15+0.55%-0.05%+6.43%-5.69%9.40x1.77x+4.27%+2.85%+5.96%+5.45%Buy
14-0.10%+2.35%+15.08%-9.72%22.84x2.20x+10.11%+3.76%+7.61%+3.14%Hold
21+1.57%+5.64%+19.87%+8.01%18.11x3.11x+12.00%+2.78%+5.53%+5.20%Buy

Utility Stocks FAQ

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

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 55, which is 24 points higher than the utility sector average of 31. It passed 20 out of 38 due diligence checks and has strong fundamentals. Consolidated Water Co has seen its stock return 65.16% over the past year, overperforming other utility stocks by 65 percentage points.

2. Central Puerto Sa (NYSE:CEPU)


Central Puerto Sa (NYSE:CEPU) is the second best utility stock with a Zen Score of 51, which is 20 points higher than the utility sector average of 31. It passed 19 out of 38 due diligence checks and has strong fundamentals. Central Puerto Sa has seen its stock return 76.77% over the past year, overperforming other utility stocks by 77 percentage points.

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


Energy Co Of Minas Gerais (NYSE:CIG) is the third best utility stock with a Zen Score of 50, which is 19 points higher than the utility sector average of 31. It passed 18 out of 38 due diligence checks and has strong fundamentals. Energy Co Of Minas Gerais has seen its stock return 4.42% over the past year, overperforming other utility stocks by 5 percentage points.

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 15.33%, which is 12 percentage points higher than the utility sector average of 3.76%. 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. Enel Chile Sa (NYSE:ENIC)


Enel Chile Sa (NYSE:ENIC) has an annual dividend yield of 10.93%, which is 7 percentage points higher than the utility sector average of 3.76%. 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 72.9% indicates that its high dividend yield is sustainable for the long-term.

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


Energy Co Of Minas Gerais (NYSE:CIG) has an annual dividend yield of 10.9%, which is 7 percentage points higher than the utility sector average of 3.76%. Energy Co Of Minas Gerais's dividend payout is not stable, having dropped more than 10% fifteen 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 45.8% indicates that its high dividend yield is sustainable for the long-term.

Why are utility stocks up?

Utility stocks were up 0.91% in the last day, and up 2.02% over the last week. Constellation Energy was the among the top gainers in the utilities sector, gaining 2.56% yesterday.

Constellation Energy shares are trading higher after Wells Fargo maintained an Overweight rating on the stock and raised its price target from $215 to $250.

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 71, which is 45 points higher than the utility sector average of 26. It passed 5 out of 7 valuation due diligence checks.

Via Renewables's stock has dropped -12.52% in the past year. It has underperformed other stocks in the utility sector by -12 percentage points.

2. Central Puerto Sa (NYSE:CEPU)


Central Puerto Sa (NYSE:CEPU) is the second most undervalued utility stock based on WallStreetZen's Valuation Score. Central Puerto Sa has a valuation score of 71, which is 45 points higher than the utility sector average of 26. It passed 5 out of 7 valuation due diligence checks.

Central Puerto Sa's stock has gained 76.77% in the past year. It has overperformed other stocks in the utility sector by 77 percentage points.

3. Transalta (NYSE:TAC)


Transalta (NYSE:TAC) is the third most undervalued utility stock based on WallStreetZen's Valuation Score. Transalta has a valuation score of 71, which is 45 points higher than the utility sector average of 26. It passed 5 out of 7 valuation due diligence checks.

Transalta's stock has dropped -27.56% in the past year. It has underperformed other stocks in the utility sector by -27 percentage points.

Are utility stocks a good buy now?

45.95% of utility stocks rated by analysts are a buy right now. On average, analysts expect utility stocks to rise by 0.59% 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 19.35x.
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