Sectors & IndustriesUtilities
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

Financials Forecast Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Price	Graham Fair Value	Graham Fair Value %	P/E	Forward P/E	P/S	P/B	PEG	Free Cash Flow	Free Cash Flow Yield	Book Value	BVPS	EV	EV/EBITDA
MNTK	MONTAUK RENEWABLES INC	$3.51	$18.18	-80.70%	31.91x	4.81x	2.84x	2.02x	0.07x	-$22.04M	-4.42%	$250.24M	1.77	$498.65M	11.01
CWCO	CONSOLIDATED WATER CO LTD	$23.88	$20.00	19.42%	12.70x	N/A	2.09x	2.02x	0.86x	$2.92M	0.78%	$186.83M	11.87	$337.40M	7.84
OPAL	OPAL FUELS INC	$4.73	$16.64	-71.58%	6.76x	3.67x	0.50x	-1.70x	0.13x	-$75.56M	-58.84%	-$478.81M	-17.64	$983.71M	18.24
CEPU	CENTRAL PUERTO SA	$9.13	$25.54	-64.25%	15.69x	6.66x	2.97x	1.15x	0.14x	$240.62M	17.40%	$1.20B	7.93	$1.63B	4.00
ENLT	ENLIGHT RENEWABLE ENERGY LTD	$16.49	$22.88	-27.92%	27.03x	N/A	7.46x	1.66x	0.30x	-$581.36M	-30.47%	$1.17B	10.10	$4.21B	18.04
OTTR	OTTER TAIL CORP	$82.13	N/A	N/A	11.63x	22.20x	2.54x	2.37x	N/A	$117.37M	3.43%	$1.44B	34.63	$4.10B	8.22
EVRG	EVERGY INC	$50.53	$41.12	22.88%	15.89x	12.57x	2.11x	1.20x	0.75x	-$353.80M	-3.04%	$9.66B	42.01	$24.73B	10.53
ENIC	ENEL CHILE SA	$2.90	$9.89	-70.68%	2.58x	N/A	0.65x	0.79x	0.27x	-$210.47M	-5.24%	$5.09B	3.68	$6.06B	2.55
CIG	ENERGY CO OF MINAS GERAIS	$2.42	$5.75	-57.94%	6.24x	N/A	0.74x	1.17x	0.23x	$1.67B	31.40%	$4.54B	2.06	$7.31B	4.19
NEP	NEXTERA ENERGY PARTNERS LP	$27.38	$47.96	-42.92%	12.56x	7.26x	2.37x	0.72x	0.27x	$525.00M	20.52%	$3.57B	38.20	$8.57B	7.12
AVA	AVISTA CORP	$33.73	$19.34	74.38%	15.06x	12.68x	1.47x	1.06x	1.68x	-$51.56M	-2.00%	$2.49B	32.53	$5.53B	10.13
ATO	ATMOS ENERGY CORP	$114.56	$42.39	170.28%	18.30x	17.93x	4.34x	1.53x	5.00x	$736.16M	4.29%	$11.27B	75.26	$24.54B	13.37
MGEE	MGE ENERGY INC	$75.19	$33.15	126.83%	23.14x	19.84x	3.94x	3.01x	1.72x	$15.49M	0.57%	$903.73M	24.99	$3.50B	12.66
RNW	RENEW ENERGY GLOBAL PLC	$5.42	$6.68	-18.86%	52.62x	7.86x	1.66x	1.57x	0.31x	-$910.70M	-46.29%	$1.25B	3.45	$8.00B	9.81
ETR	ENTERGY CORP	$103.19	N/A	N/A	9.26x	14.33x	1.80x	1.50x	N/A	-$452.39M	-2.07%	$14.62B	69.12	$48.12B	9.77
ALE	ALLETE INC	$57.87	N/A	N/A	13.43x	13.84x	1.76x	1.19x	N/A	$314.10M	9.47%	$2.81B	49.03	$5.05B	8.32
NFE	NEW FORTRESS ENERGY INC	$27.49	$141.24	-80.54%	10.33x	2.05x	2.35x	3.44x	0.08x	-$2.21B	-38.95%	$1.64B	7.96	$12.70B	11.25
FTS	FORTIS INC	$37.64	$14.78	154.74%	16.27x	15.82x	2.15x	1.15x	6.33x	-$304.48M	-1.65%	$16.05B	32.71	$40.38B	15.57
ED	CONSOLIDATED EDISON INC	$90.33	N/A	N/A	12.46x	17.78x	2.14x	1.48x	N/A	-$2.34B	-7.44%	$21.16B	60.85	$55.03B	9.08
VST	VISTRA CORP	$68.65	N/A	N/A	18.91x	23.11x	1.72x	4.50x	N/A	$3.89B	15.33%	$5.31B	14.35	$35.24B	7.50
WTRG	ESSENTIAL UTILITIES INC	$34.51	$15.63	120.82%	18.55x	16.92x	4.49x	1.60x	2.23x	-$269.06M	-2.92%	$5.90B	22.07	$16.53B	15.61
SRE	SEMPRA	$67.94	$32.15	111.31%	14.12x	14.15x	2.56x	1.50x	4.13x	-$2.18B	-5.09%	$28.68B	45.49	$73.64B	10.37
NGG	NATIONAL GRID PLC	$64.59	N/A	N/A	4.91x	N/A	1.90x	1.39x	N/A	$814.81M	1.61%	$36.47B	46.39	$103.64B	6.85
EE	EXCELERATE ENERGY INC	$15.36	$18.76	-18.11%	13.24x	12.69x	0.35x	3.29x	0.43x	-$76.75M	-19.03%	$505.45M	19.25	$1.87B	7.18
ARIS	ARIS WATER SOLUTIONS INC	$13.48	$32.38	-58.36%	22.85x	6.02x	1.03x	2.41x	0.16x	$34.29M	8.47%	$323.90M	10.78	$1.20B	8.84
YORW	YORK WATER CO	$33.80	$13.26	154.84%	20.36x	N/A	6.82x	2.19x	2.85x	-$33.36M	-6.88%	$221.18M	15.43	$664.50M	15.16
D	DOMINION ENERGY INC	$48.32	$37.84	27.71%	21.10x	10.30x	2.81x	1.47x	0.67x	-$3.66B	-9.05%	$27.53B	32.87	$84.52B	11.47
BKH	BLACK HILLS CORP	$51.73	N/A	N/A	13.23x	N/A	1.49x	1.10x	N/A	$388.80M	11.22%	$3.22B	47.99	$7.84B	10.81
SWX	SOUTHWEST GAS HOLDINGS INC	$73.57	$75.04	-1.95%	34.54x	14.45x	0.96x	1.59x	0.41x	-$363.31M	-6.98%	$3.31B	46.76	$10.44B	11.28
PAM	PAMPA ENERGY INC	$42.02	N/A	N/A	5.09x	8.85x	1.27x	1.02x	N/A	$203.00M	8.75%	$2.28B	41.26	$3.83B	6.60
OGE	OGE ENERGY CORP	$32.94	N/A	N/A	15.84x	N/A	2.47x	1.46x	N/A	$54.10M	0.82%	$4.51B	22.52	$11.44B	9.52
AES	AES CORP	$16.14	$18.47	-12.62%	43.62x	8.28x	0.90x	4.61x	0.34x	-$4.69B	-40.91%	$2.49B	3.50	$37.52B	12.69
XEL	XCEL ENERGY INC	$53.19	$25.87	105.64%	16.57x	14.73x	2.07x	1.68x	2.26x	-$527.00M	-1.80%	$17.62B	31.91	$56.91B	11.05
PEG	PUBLIC SERVICE ENTERPRISE GROUP INC	$65.03	N/A	N/A	12.63x	16.14x	2.88x	2.09x	N/A	$518.00M	1.60%	$15.48B	31.08	$52.92B	10.66
AWR	AMERICAN STATES WATER CO	$67.15	N/A	N/A	19.93x	23.24x	4.17x	3.20x	N/A	-$120.86M	-4.87%	$776.11M	20.99	$3.39B	13.41
FE	FIRSTENERGY CORP	$37.45	$22.60	65.74%	19.51x	13.72x	1.67x	2.06x	1.09x	-$1.97B	-9.17%	$10.44B	18.22	$46.24B	9.37
ORA	ORMAT TECHNOLOGIES INC	$62.11	$17.99	245.21%	29.72x	26.77x	4.45x	1.62x	3.33x	-$308.98M	-8.37%	$2.32B	38.97	$5.58B	12.28
EIX	EDISON INTERNATIONAL	$68.04	$42.66	59.50%	21.81x	13.29x	1.60x	1.69x	0.93x	-$2.05B	-7.86%	$15.50B	40.47	$61.13B	10.45
IDA	IDACORP INC	$90.37	$31.86	183.64%	17.55x	N/A	2.59x	1.57x	8.80x	-$344.11M	-7.51%	$2.91B	57.33	$7.07B	11.32
CMS	CMS ENERGY CORP	$58.25	$27.19	114.25%	19.35x	17.23x	2.30x	2.27x	1.91x	-$910.00M	-5.31%	$7.54B	25.62	$32.55B	9.85
VIA	VIA RENEWABLES INC	$10.80	$32.98	-67.25%	7.94x	N/A	0.08x	1.68x	0.15x	$47.88M	138.06%	$46.60M	14.51	$125.62M	2.82
SR	SPIRE INC	$58.18	$45.66	27.42%	15.68x	12.65x	1.19x	1.05x	0.80x	-$53.20M	-1.71%	$3.05B	57.02	$7.95B	11.32
NEE	NEXTERA ENERGY INC	$63.79	$22.55	182.83%	17.67x	18.93x	4.66x	2.76x	8.15x	$1.75B	1.34%	$47.47B	23.13	$201.45B	11.50
OGS	ONE GAS INC	$61.45	$36.60	67.90%	14.77x	13.30x	1.44x	1.26x	1.56x	$272.90M	7.99%	$2.77B	49.75	$6.48B	8.78
LNT	ALLIANT ENERGY CORP	$48.42	$18.72	158.59%	17.42x	N/A	3.04x	1.83x	4.89x	-$864.00M	-7.05%	$6.78B	26.79	$21.85B	12.29
AQN	ALGONQUIN POWER & UTILITIES CORP	$5.76	$23.70	-75.69%	192.00x	6.70x	1.47x	0.79x	0.09x	-$398.14M	-10.03%	$5.04B	7.31	$12.43B	16.29
EXC	EXELON CORP	$36.42	$19.62	85.65%	15.56x	14.06x	1.67x	1.41x	1.88x	-$2.71B	-7.46%	$25.76B	25.86	$79.48B	10.01
AGR	AVANGRID INC	$36.04	$20.20	78.38%	17.75x	14.83x	1.68x	0.71x	1.39x	-$1.88B	-13.46%	$19.65B	50.80	$26.02B	11.10
FLNC	FLUENCE ENERGY INC	$15.98	N/A	N/A	-30.73x	76.10x	0.85x	6.86x	N/A	-$15.99M	-0.83%	$415.91M	3.43	$2.45B	-46.39
TAC	TRANSALTA CORP	$6.22	N/A	N/A	3.60x	13.52x	0.69x	1.68x	N/A	$457.78M	26.67%	$1.14B	4.13	$4.17B	3.35
POR	PORTLAND GENERAL ELECTRIC CO	$40.98	$23.37	75.33%	17.59x	13.31x	1.37x	1.25x	1.36x	-$938.00M	-23.41%	$3.32B	33.95	$8.58B	9.49
PNW	PINNACLE WEST CAPITAL CORP	$71.97	$29.99	139.94%	16.28x	16.10x	1.74x	1.32x	4.39x	-$457.81M	-5.61%	$6.18B	54.46	$18.46B	10.47
SO	SOUTHERN CO	$69.80	$31.50	121.55%	19.18x	16.86x	3.02x	2.42x	2.12x	-$1.52B	-2.00%	$31.44B	28.80	$138.89B	11.67
SBS	COMPANHIA DE SANEAMENTO BASICO DO ESTADO DE SAO PAULO-SABESP	$15.54	N/A	N/A	16.93x	N/A	2.40x	1.94x	N/A	$645.97M	6.08%	$5.49B	8.03	$14.05B	8.06
ARTNA	ARTESIAN RESOURCES CORP	$34.33	$9.81	250.09%	20.56x	N/A	3.48x	1.53x	18.77x	-$30.23M	-8.79%	$230.40M	23.00	$531.74M	11.68
DUK	DUKE ENERGY CORP	$94.50	$49.93	89.28%	26.69x	15.42x	2.51x	1.48x	1.08x	-$2.73B	-3.74%	$49.11B	63.70	$153.05B	12.37
ADN	ADVENT TECHNOLOGIES HOLDINGS INC	$0.17	N/A	N/A	-0.10x	0.43x	1.94x	0.33x	N/A	-$41.31M	-400.00%	$32.58M	0.54	$16.13M	-0.18
PCG	PG&E CORP	$16.44	$11.39	44.40%	15.08x	12.55x	1.39x	1.71x	1.07x	-$4.97B	-14.64%	$25.04B	12.13	$99.73B	13.71
MSEX	MIDDLESEX WATER CO	$45.89	N/A	N/A	25.93x	N/A	4.89x	1.93x	N/A	-$37.40M	-4.60%	$422.99M	23.86	$1.23B	16.33
NRGV	ENERGY VAULT HOLDINGS INC	$1.13	N/A	N/A	-1.64x	N/A	0.47x	0.74x	N/A	-$129.20M	-80.00%	$223.79M	1.57	$21.37M	-0.22
AEE	AMEREN CORP	$71.93	$33.64	113.82%	16.38x	15.44x	2.52x	1.69x	2.64x	-$1.21B	-6.39%	$11.35B	43.19	$35.64B	10.69
GNE	GENIE ENERGY LTD	$15.33	N/A	N/A	20.44x	N/A	0.91x	2.13x	N/A	$53.45M	13.65%	$197.24M	7.72	$301.38M	12.38
PPL	PPL CORP	$26.42	$16.60	59.14%	26.42x	15.63x	2.34x	1.40x	0.83x	-$632.00M	-3.24%	$13.93B	18.90	$34.75B	11.88
UTL	UNITIL CORP	$48.56	$18.94	156.44%	17.22x	N/A	1.39x	1.60x	4.91x	-$34.00M	-4.38%	$489.10M	30.57	$1.46B	9.45
AWK	AMERICAN WATER WORKS COMPANY INC	$115.40	$39.31	193.56%	23.55x	21.98x	5.26x	2.29x	3.25x	-$860.00M	-3.86%	$9.80B	50.76	$34.59B	12.97
NI	NISOURCE INC	$27.15	$13.25	104.94%	17.08x	15.60x	2.05x	1.47x	2.10x	-$710.70M	-6.29%	$8.27B	19.87	$24.00B	10.66
PCYO	PURE CYCLE CORP	$9.37	N/A	N/A	33.46x	N/A	11.98x	1.87x	N/A	-$4.09M	-1.81%	$120.44M	5.00	$209.44M	19.01
NJR	NEW JERSEY RESOURCES CORP	$41.55	$17.74	134.24%	16.96x	16.04x	2.38x	1.98x	3.39x	$146.94M	3.61%	$2.07B	21.11	$7.46B	13.25
AMPS	ALTUS POWER INC	$3.85	N/A	N/A	-64.17x	14.81x	3.94x	1.37x	N/A	-$36.08M	-5.90%	$447.08M	2.82	$1.80B	19.30
SJW	SJW GROUP	$52.56	$16.02	228.19%	19.54x	19.25x	2.48x	1.37x	14.71x	-$124.14M	-7.48%	$1.23B	39.06	$3.42B	12.90
DTE	DTE ENERGY CO	$105.27	$48.61	116.55%	15.55x	15.67x	1.70x	1.97x	3.22x	-$711.00M	-3.28%	$11.05B	53.64	$42.65B	10.76
CNP	CENTERPOINT ENERGY INC	$27.70	$12.57	120.38%	20.22x	16.59x	2.01x	1.81x	1.92x	-$524.00M	-3.00%	$9.67B	15.32	$36.63B	11.49
GWRS	GLOBAL WATER RESOURCES INC	$12.12	$3.25	272.98%	36.73x	N/A	5.50x	6.03x	2.95x	$3.08M	1.06%	$48.62M	2.02	$397.70M	14.46
CWT	CALIFORNIA WATER SERVICE GROUP	$44.17	$20.19	118.82%	48.54x	21.98x	3.17x	1.79x	1.02x	-$165.93M	-6.60%	$1.43B	25.05	$3.70B	17.63
CWEN	CLEARWAY ENERGY INC	$22.25	N/A	N/A	33.21x	111.25x	1.98x	2.14x	N/A	$408.00M	15.67%	$2.10B	17.96	$12.11B	10.62
AY	ATLANTICA SUSTAINABLE INFRASTRUCTURE PLC	$17.67	N/A	N/A	59.70x	20.08x	2.40x	1.80x	N/A	$303.84M	11.49%	$1.42B	9.51	$7.52B	9.57
RGCO	RGC RESOURCES INC	$19.27	$9.19	109.74%	14.71x	N/A	2.21x	1.89x	3.38x	$2.62M	1.34%	$103.54M	10.19	$342.55M	10.28
CPK	CHESAPEAKE UTILITIES CORP	$100.75	$34.00	196.32%	21.21x	N/A	2.76x	1.80x	4.45x	$17.79M	0.96%	$1.25B	67.83	$3.63B	15.81
AEP	AMERICAN ELECTRIC POWER CO INC	$81.24	$45.40	78.93%	19.07x	14.35x	2.22x	1.69x	1.29x	-$2.52B	-5.98%	$25.25B	48.65	$86.03B	12.01
NWE	NORTHWESTERN ENERGY GROUP INC	$48.52	$25.82	87.91%	15.07x	13.15x	2.06x	1.07x	2.08x	-$77.66M	-2.65%	$2.79B	46.18	$5.74B	10.90
BEP	BROOKFIELD RENEWABLE PARTNERS LP	$20.25	N/A	N/A	-63.28x	126.56x	1.15x	1.47x	N/A	-$944.00M	-16.23%	$3.96B	13.80	$37.19B	10.74
KEN	KENON HOLDINGS LTD	$20.79	N/A	N/A	-4.70x	N/A	1.59x	0.91x	N/A	-$55.33M	-5.05%	$1.20B	22.81	$2.01B	-37.51
WEC	WEC ENERGY GROUP INC	$79.63	$35.81	122.34%	18.87x	16.32x	2.82x	2.14x	2.20x	$505.70M	2.01%	$11.72B	37.17	$43.88B	12.44
SPH	SUBURBAN PROPANE PARTNERS LP	$19.09	$12.25	55.82%	11.86x	N/A	0.88x	2.22x	1.96x	$165.05M	13.49%	$549.89M	8.58	$2.60B	10.62
NRG	NRG ENERGY INC	$73.42	N/A	N/A	-65.55x	15.14x	0.58x	5.26x	N/A	-$819.00M	-4.89%	$2.91B	12.75	$25.68B	16.24
WAVE	ECO WAVE POWER GLOBAL AB (PUBL)	$3.89	N/A	N/A	-12.16x	N/A	70.73x	2.72x	N/A	-$2.61M	-12.08%	$7.95M	1.43	$18.44M	-12.42
NWN	NORTHWEST NATURAL HOLDING CO	$35.89	$16.20	121.54%	13.86x	13.49x	1.09x	1.10x	6.33x	-$8.98M	-0.69%	$1.23B	34.04	$2.79B	7.58
PNM	PNM RESOURCES INC	$35.89	N/A	N/A	35.19x	N/A	1.67x	1.38x	N/A	-$491.99M	-15.20%	$2.35B	26.04	$8.20B	13.32
UGI	UGI CORP	$23.70	N/A	N/A	-10.92x	6.60x	0.60x	1.12x	N/A	$546.00M	10.98%	$4.42B	21.08	$12.04B	22.68
BIP	BROOKFIELD INFRASTRUCTURE PARTNERS LP	$25.56	N/A	N/A	182.57x	N/A	0.66x	1.50x	N/A	$1.75B	14.87%	$7.87B	17.06	$58.62B	9.38
ELLO	ELLOMAY CAPITAL LTD	$14.92	$1.51	889.04%	80.65x	N/A	3.61x	1.53x	10.59x	-$55.88M	-29.14%	$124.99M	9.73	$620.53M	19.54
CREG	SMART POWERR CORP	$1.17	N/A	N/A	-11.70x	N/A	N/A	0.09x	N/A	-$68.10M	-747.69%	$109.25M	14.03	$25.38M	-166.92
CDZI	CADIZ INC	$2.15	N/A	N/A	-3.84x	7.96x	71.67x	3.61x	N/A	-$26.71M	-18.93%	$39.97M	0.61	$200.90M	-8.00
ELP	ENERGY CO OF PARANA	$7.07	$5.22	35.50%	9.16x	N/A	1.00x	0.90x	2.52x	N/A	N/A	$4.69B	7.87	$6.10B	4.95
CEG	CONSTELLATION ENERGY CORP	$185.40	$55.44	234.40%	36.93x	31.69x	2.40x	5.33x	2.33x	-$7.81B	-13.04%	$11.01B	34.10	$67.53B	12.44
ES	EVERSOURCE ENERGY	$58.51	N/A	N/A	-46.07x	12.50x	1.72x	1.44x	N/A	-$2.69B	-13.16%	$14.17B	40.55	$47.16B	25.10
EDN	EDENOR	$16.18	N/A	N/A	-8.82x	-6.08x	0.77x	1.27x	N/A	$17.01M	2.32%	$577.77M	12.75	$793.51M	1.66
VGAS	VERDE CLEAN FUELS INC	$4.94	N/A	N/A	-10.98x	N/A	N/A	14.22x	N/A	-$9.17M	-30.24%	$11.10M	1.81	$129.79M	-57.19
BNRG	BRENMILLER ENERGY LTD	$2.16	N/A	N/A	-0.43x	N/A	6.79x	1.61x	N/A	-$9.53M	-226.06%	$2.88M	1.48	$7.07M	-0.75
BEPC	BROOKFIELD RENEWABLE CORP	$21.82	N/A	N/A	N/A	-109.10x	1.79x	1.41x	N/A	$684.00M	8.38%	$5.79B	15.47	$25.26B	10.14

Utility Industries

Industry	Stocks	1d %	1w %	1m %	1y %	P/E ratio	P/B Ratio	ROE	ROA	ROCE	Upside/Downside	Consensus
Utilities - Diversified	12	+0.83%	-2.30%	-1.41%	-14.05%	38.49x	1.51x	+9.93%	+3.16%	+6.78%	+14.99%	Buy
Utilities - Independent Power Producers	5	-0.26%	-2.16%	+5.00%	+57.68%	-12.05x	3.47x	+13.22%	+2.65%	+8.60%	-0.41%	Buy
Utilities - Regulated Electric	42	+1.86%	-1.20%	-0.73%	-13.15%	15.93x	1.58x	+10.84%	+2.92%	+5.27%	+5.85%	Buy
Utilities - Regulated Gas	14	+1.14%	-1.30%	-1.33%	-13.74%	14.66x	1.69x	+8.25%	+2.69%	+5.71%	+9.22%	Hold
Utilities - Regulated Water	14	+0.89%	-2.83%	-4.26%	-23.83%	22.17x	2.01x	+9.70%	+3.65%	+7.28%	+19.20%	Buy
Utilities - Renewable	21	+0.72%	-3.64%	+3.11%	-4.56%	30.84x	2.52x	+8.42%	+2.00%	+4.66%	+19.90%	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 69, which is 36 points higher than the utility sector average of 33. It passed 22 out of 33 due diligence checks and has strong fundamentals. Montauk Renewables has seen its stock lose -48.61% over the past year, underperforming other utility stocks by -37 percentage points.

Montauk Renewables has an average 1 year price target of $7.50, an upside of 113.68% from Montauk Renewables's current stock price of $3.51.

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 37.88% over the past year, overperforming other utility stocks by 50 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 -36.93% over the past year, underperforming other utility stocks by -25 percentage points.

Opal Fuels has an average 1 year price target of $8.80, an upside of 86.05% from Opal Fuels's current stock price of $4.73.

Opal Fuels stock has a consensus Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Opal Fuels, 60% have issued a Strong Buy rating, 20% have issued a Buy, 0% have issued a Hold, while 0% have issued a Sell rating, and 20% 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 18.28%, which is 14 percentage points higher than the utility sector average of 4.16%. 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 12.58%, which is 8 percentage points higher than the utility sector average of 4.16%. 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 158% 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 12.14%, which is 8 percentage points higher than the utility sector average of 4.16%. 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 up?

Utility stocks were up 1.29% in the last day, and down -1.85% 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. Montauk Renewables (NASDAQ:MNTK)

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

Montauk Renewables's stock has dropped -48.61% in the past year. It has underperformed other stocks in the utility sector by -37 percentage points.

2. Via Renewables (NASDAQ:VIA)

Via Renewables (NASDAQ:VIA) is the second 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 dropped -35.75% in the past year. It has underperformed other stocks in the utility sector by -24 percentage points.

3. Enlight Renewable Energy (NASDAQ:ENLT)

Enlight Renewable Energy (NASDAQ:ENLT) is the third 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 gained 2.93% in the past year. It has overperformed other stocks in the utility sector by 15 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 9.81% 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 17.96x.

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.

Sectors & IndustriesUtilities
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.

Utility Industries

Utility Stocks FAQ

1. Montauk Renewables (NASDAQ:MNTK)

2. Consolidated Water Co (NASDAQ:CWCO)

3. Opal Fuels (NASDAQ:OPAL)

1. Kenon Holdings (NYSE:KEN)

2. Nextera Energy Partners (NYSE:NEP)

3. Enel Chile Sa (NYSE:ENIC)

1. Montauk Renewables (NASDAQ:MNTK)

2. Via Renewables (NASDAQ:VIA)

3. Enlight Renewable Energy (NASDAQ:ENLT)

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