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	$3.60	$18.18	-80.20%	32.73x	4.93x	2.92x	2.07x	0.07x	-$22.04M	-4.31%	$250.24M	1.77	$511.58M	11.30
CWCO	CONSOLIDATED WATER CO LTD	$25.45	$20.00	27.27%	13.54x	N/A	2.22x	2.15x	0.92x	$2.92M	0.73%	$186.83M	11.87	$362.21M	8.41
OPAL	OPAL FUELS INC	$4.68	$16.64	-71.88%	6.69x	3.63x	0.50x	-1.69x	0.13x	-$75.56M	-59.47%	-$478.81M	-17.64	$975.08M	18.08
CEPU	CENTRAL PUERTO SA	$10.31	$13.08	-21.15%	9.15x	7.53x	4.35x	1.63x	0.52x	$132.58M	8.50%	$955.94M	6.31	$1.93B	2.84
ENLT	ENLIGHT RENEWABLE ENERGY LTD	$16.00	$22.88	-30.06%	26.23x	N/A	7.24x	1.61x	0.29x	-$581.36M	-31.40%	$1.17B	10.10	$4.15B	17.79
CIG	ENERGY CO OF MINAS GERAIS	$2.40	$6.03	-60.17%	4.66x	N/A	0.73x	1.09x	0.26x	$1.35B	25.46%	$4.84B	2.20	$7.00B	3.64
OTTR	OTTER TAIL CORP	$85.36	N/A	N/A	12.09x	23.07x	2.64x	2.47x	N/A	$117.37M	3.30%	$1.44B	34.63	$4.24B	8.49
EVRG	EVERGY INC	$52.45	$41.12	27.55%	16.49x	13.05x	2.19x	1.25x	0.78x	-$353.80M	-2.93%	$9.66B	42.01	$25.17B	10.71
NEP	NEXTERA ENERGY PARTNERS LP	$28.36	$37.24	-23.84%	9.24x	7.52x	2.57x	0.75x	0.49x	$536.00M	20.20%	$3.56B	38.03	$8.70B	7.78
ATO	ATMOS ENERGY CORP	$117.90	$42.39	178.16%	18.83x	18.45x	4.47x	1.58x	5.14x	$736.16M	4.17%	$11.27B	75.26	$25.04B	13.65
RNW	RENEW ENERGY GLOBAL PLC	$5.64	$6.68	-15.57%	54.76x	8.17x	1.73x	1.64x	0.32x	-$910.70M	-44.49%	$1.25B	3.45	$8.08B	9.91
AVA	AVISTA CORP	$35.98	$19.34	86.02%	16.06x	13.53x	1.57x	1.13x	1.79x	-$51.56M	-1.88%	$2.49B	32.53	$5.71B	10.45
EIX	EDISON INTERNATIONAL	$71.06	$42.00	69.19%	31.30x	13.88x	1.66x	1.80x	0.84x	-$869.00M	-3.18%	$15.17B	39.41	$63.00B	11.49
ALE	ALLETE INC	$59.22	N/A	N/A	13.74x	14.17x	1.81x	1.21x	N/A	$314.10M	9.26%	$2.81B	49.03	$5.13B	8.44
NFE	NEW FORTRESS ENERGY INC	$26.20	$141.24	-81.45%	9.85x	1.95x	2.24x	3.28x	0.07x	-$2.21B	-40.87%	$1.64B	7.96	$12.44B	11.02
MGEE	MGE ENERGY INC	$78.32	$33.63	132.88%	24.10x	20.66x	4.10x	3.13x	1.74x	$15.49M	0.55%	$903.73M	24.99	$3.61B	13.07
NGG	NATIONAL GRID PLC	$66.65	N/A	N/A	5.07x	N/A	1.96x	1.44x	N/A	$814.81M	1.56%	$36.47B	46.39	$105.26B	6.96
WTRG	ESSENTIAL UTILITIES INC	$36.58	$15.63	134.06%	19.67x	17.93x	4.76x	1.70x	2.36x	-$269.06M	-2.75%	$5.90B	22.07	$17.09B	16.14
ETR	ENTERGY CORP	$106.67	N/A	N/A	9.58x	14.82x	1.86x	1.56x	N/A	-$452.39M	-2.00%	$14.62B	69.12	$48.86B	9.93
ARIS	ARIS WATER SOLUTIONS INC	$14.03	$32.38	-56.67%	23.78x	6.26x	1.07x	2.50x	0.17x	$34.29M	8.14%	$323.90M	10.78	$1.23B	9.08
EE	EXCELERATE ENERGY INC	$16.86	$18.76	-10.11%	14.53x	13.93x	0.38x	3.61x	0.48x	-$76.75M	-17.34%	$505.45M	19.25	$2.03B	7.81
D	DOMINION ENERGY INC	$50.98	$37.84	34.74%	22.26x	10.87x	2.97x	1.55x	0.71x	-$3.66B	-8.58%	$27.53B	32.87	$86.75B	11.77
VST	VISTRA CORP	$75.84	N/A	N/A	20.89x	25.54x	1.90x	4.97x	N/A	$3.89B	13.88%	$5.31B	14.35	$37.74B	8.04
FTS	FORTIS INC	$39.29	$14.78	165.90%	16.99x	16.51x	2.24x	1.20x	6.61x	-$304.48M	-1.58%	$16.05B	32.71	$41.19B	15.88
ED	CONSOLIDATED EDISON INC	$94.40	N/A	N/A	13.02x	18.58x	2.24x	1.54x	N/A	-$2.34B	-7.12%	$21.16B	60.85	$56.44B	9.31
SWX	SOUTHWEST GAS HOLDINGS INC	$74.62	$75.04	-0.55%	35.03x	14.66x	0.97x	1.61x	0.41x	-$363.31M	-6.88%	$3.31B	46.76	$10.52B	11.36
AGR	AVANGRID INC	$36.53	$19.15	90.78%	15.81x	15.03x	1.71x	0.71x	1.98x	-$1.95B	-13.77%	$19.88B	51.37	$27.17B	10.71
OGE	OGE ENERGY CORP	$34.65	N/A	N/A	16.66x	N/A	2.60x	1.54x	N/A	$54.10M	0.78%	$4.51B	22.52	$11.78B	9.81
YORW	YORK WATER CO	$35.51	$13.26	167.73%	21.39x	N/A	7.17x	2.30x	2.99x	-$33.36M	-6.55%	$221.18M	15.43	$689.01M	15.72
AWR	AMERICAN STATES WATER CO	$70.84	N/A	N/A	21.02x	24.51x	4.40x	3.38x	N/A	-$120.86M	-4.61%	$776.11M	20.99	$3.52B	13.95
AES	AES CORP	$17.90	$18.47	-3.10%	48.38x	9.18x	1.00x	5.11x	0.38x	-$4.69B	-36.89%	$2.49B	3.50	$38.77B	13.11
CWT	CALIFORNIA WATER SERVICE GROUP	$49.12	N/A	N/A	19.57x	24.44x	3.04x	1.93x	N/A	-$188.21M	-6.64%	$1.47B	25.42	$4.08B	12.41
SRE	SEMPRA	$71.63	$32.15	122.79%	14.89x	14.92x	2.70x	1.58x	4.36x	-$2.18B	-4.83%	$28.68B	45.49	$75.97B	10.70
ORA	ORMAT TECHNOLOGIES INC	$63.83	$17.99	254.77%	30.54x	27.51x	4.57x	1.66x	3.43x	-$308.98M	-8.15%	$2.32B	38.97	$5.68B	12.51
FE	FIRSTENERGY CORP	$38.34	$22.72	68.72%	20.72x	14.04x	1.70x	1.78x	1.07x	-$2.04B	-9.26%	$12.40B	21.60	$45.67B	9.15
BKH	BLACK HILLS CORP	$54.90	N/A	N/A	14.04x	N/A	1.58x	1.16x	N/A	$388.80M	10.57%	$3.22B	47.99	$8.05B	11.11
PNW	PINNACLE WEST CAPITAL CORP	$73.65	$29.99	145.54%	16.66x	16.48x	1.78x	1.35x	4.49x	-$457.81M	-5.48%	$6.18B	54.46	$18.65B	10.57
SR	SPIRE INC	$61.79	$45.66	35.32%	16.65x	13.43x	1.27x	1.11x	0.85x	-$53.20M	-1.61%	$3.05B	57.02	$8.14B	11.60
PCG	PG&E CORP	$17.11	$10.99	55.74%	15.01x	13.06x	1.52x	1.74x	1.27x	-$4.24B	-11.61%	$25.73B	12.06	$102.29B	12.98
XEL	XCEL ENERGY INC	$53.73	$25.31	112.28%	16.14x	14.88x	2.17x	1.67x	2.67x	-$1.29B	-4.30%	$17.84B	32.09	$57.97B	10.90
POR	PORTLAND GENERAL ELECTRIC CO	$43.23	$22.31	93.78%	16.50x	14.04x	1.41x	1.29x	1.91x	-$777.00M	-17.74%	$3.46B	34.15	$9.02B	9.43
AEP	AMERICAN ELECTRIC POWER CO INC	$86.03	$41.11	109.24%	15.96x	15.20x	2.35x	1.76x	2.61x	-$1.32B	-2.92%	$25.80B	49.00	$89.26B	11.67
OGS	ONE GAS INC	$64.52	$36.60	76.28%	15.51x	13.97x	1.51x	1.32x	1.64x	$272.90M	7.61%	$2.77B	49.75	$6.66B	9.02
CMS	CMS ENERGY CORP	$60.61	$26.06	132.60%	18.48x	17.93x	2.46x	2.28x	2.63x	-$990.00M	-5.47%	$7.95B	26.61	$33.05B	9.51
CNP	CENTERPOINT ENERGY INC	$29.14	$12.33	136.24%	20.38x	17.45x	2.16x	1.86x	2.27x	-$1.42B	-7.71%	$10.00B	15.82	$38.15B	11.52
PAM	PAMPA ENERGY INC	$44.37	N/A	N/A	8.07x	9.34x	1.39x	1.00x	N/A	-$182.00M	-7.54%	$2.40B	44.20	$3.69B	3.75
IDA	IDACORP INC	$94.78	$31.86	197.49%	18.40x	N/A	2.72x	1.65x	9.23x	-$344.11M	-7.16%	$2.91B	57.33	$7.30B	11.68
AQN	ALGONQUIN POWER & UTILITIES CORP	$6.11	$23.70	-74.22%	203.67x	7.10x	1.56x	0.84x	0.09x	-$398.14M	-9.46%	$5.04B	7.31	$12.67B	16.61
EDN	EDENOR	$17.05	N/A	N/A	13.47x	-6.41x	0.96x	1.54x	N/A	-$55.32M	-7.16%	$502.47M	11.09	$871.09M	1.30
TAC	TRANSALTA CORP	$6.64	N/A	N/A	3.85x	14.43x	0.74x	1.79x	N/A	$457.78M	24.98%	$1.14B	4.13	$4.30B	3.45
SBS	COMPANHIA DE SANEAMENTO BASICO DO ESTADO DE SAO PAULO-SABESP	$15.63	N/A	N/A	17.03x	N/A	2.41x	1.95x	N/A	$645.97M	6.05%	$5.49B	8.03	$14.11B	8.09
NEE	NEXTERA ENERGY INC	$66.97	$22.15	202.33%	18.20x	19.87x	5.07x	2.83x	12.00x	$2.98B	2.17%	$48.64B	23.68	$215.89B	12.88
FLNC	FLUENCE ENERGY INC	$17.84	N/A	N/A	-34.31x	84.95x	0.95x	7.66x	N/A	-$15.99M	-0.74%	$415.91M	3.43	$2.78B	-52.67
NRGV	ENERGY VAULT HOLDINGS INC	$1.27	N/A	N/A	-1.84x	N/A	0.53x	0.83x	N/A	-$129.20M	-71.18%	$223.79M	1.57	$41.96M	-0.43
ARTNA	ARTESIAN RESOURCES CORP	$34.98	$9.81	256.71%	20.95x	N/A	3.54x	1.56x	19.12x	-$30.23M	-8.62%	$230.40M	23.00	$538.43M	11.82
LNT	ALLIANT ENERGY CORP	$49.80	$18.72	165.96%	17.91x	N/A	3.13x	1.88x	5.03x	-$864.00M	-6.86%	$6.78B	26.79	$22.20B	12.49
ADN	ADVENT TECHNOLOGIES HOLDINGS INC	$0.13	N/A	N/A	-0.07x	0.31x	1.42x	0.24x	N/A	-$41.31M	-547.20%	$32.58M	0.54	$13.25M	-0.15
DUK	DUKE ENERGY CORP	$98.26	$49.93	96.81%	27.76x	16.03x	2.61x	1.54x	1.13x	-$2.73B	-3.60%	$49.11B	63.70	$155.94B	12.60
SO	SOUTHERN CO	$73.50	$31.50	133.30%	20.19x	17.75x	3.18x	2.55x	2.23x	-$1.52B	-1.90%	$31.44B	28.80	$142.93B	12.01
EXC	EXELON CORP	$37.58	$19.62	91.56%	16.06x	14.51x	1.72x	1.46x	1.94x	-$2.71B	-7.23%	$25.76B	25.86	$80.64B	10.16
GNE	GENIE ENERGY LTD	$15.29	N/A	N/A	20.39x	N/A	0.91x	2.12x	N/A	$53.45M	13.68%	$197.24M	7.72	$300.29M	12.34
VIA	VIA RENEWABLES INC	$10.89	$32.98	-66.98%	8.01x	N/A	0.08x	1.69x	0.15x	$47.88M	136.92%	$46.60M	14.51	$126.27M	2.83
ENIC	ENEL CHILE SA	$2.95	$3.27	-9.75%	6.11x	N/A	0.88x	0.87x	1.67x	$108.44M	2.64%	$4.69B	3.39	$6.53B	5.59
UTL	UNITIL CORP	$50.94	$18.94	169.00%	18.06x	N/A	1.46x	1.68x	5.16x	-$34.00M	-4.17%	$489.10M	30.57	$1.50B	9.70
NI	NISOURCE INC	$27.86	$13.25	110.29%	17.52x	16.01x	2.11x	1.51x	2.16x	-$710.70M	-6.13%	$8.27B	19.87	$24.31B	10.80
PPL	PPL CORP	$27.46	$16.60	65.41%	27.46x	16.25x	2.43x	1.45x	0.86x	-$632.00M	-3.12%	$13.93B	18.90	$35.51B	12.14
AWK	AMERICAN WATER WORKS COMPANY INC	$122.32	$39.31	211.16%	24.96x	23.30x	5.58x	2.43x	3.45x	-$860.00M	-3.64%	$9.80B	50.76	$35.94B	13.47
AEE	AMEREN CORP	$73.87	$33.64	119.59%	16.83x	15.85x	2.59x	1.73x	2.71x	-$1.21B	-6.22%	$11.35B	43.19	$36.15B	10.85
DTE	DTE ENERGY CO	$110.32	$51.63	113.68%	18.03x	16.42x	1.86x	2.04x	2.14x	-$707.00M	-3.11%	$11.17B	54.24	$44.57B	11.53
PCYO	PURE CYCLE CORP	$9.54	N/A	N/A	34.07x	N/A	12.20x	1.91x	N/A	-$4.09M	-1.78%	$120.44M	5.00	$213.53M	19.39
NJR	NEW JERSEY RESOURCES CORP	$43.69	$17.74	146.31%	17.83x	16.87x	2.51x	2.08x	3.56x	$146.94M	3.44%	$2.07B	21.11	$7.67B	13.63
AMPS	ALTUS POWER INC	$3.67	N/A	N/A	-61.17x	14.12x	3.75x	1.31x	N/A	-$36.08M	-6.19%	$447.08M	2.82	$1.77B	18.99
PEG	PUBLIC SERVICE ENTERPRISE GROUP INC	$69.08	$29.66	132.91%	19.03x	17.14x	3.37x	2.19x	2.48x	-$736.00M	-2.14%	$15.72B	31.50	$55.18B	13.64
WAVE	ECO WAVE POWER GLOBAL AB (PUBL)	$2.47	N/A	N/A	-7.72x	N/A	44.91x	1.72x	N/A	-$2.61M	-19.03%	$7.95M	1.43	$10.56M	-7.11
GWRS	GLOBAL WATER RESOURCES INC	$12.24	$3.25	276.68%	37.09x	N/A	5.55x	6.09x	2.98x	$3.08M	1.05%	$48.62M	2.02	$400.60M	14.57
CWEN	CLEARWAY ENERGY INC	$23.38	N/A	N/A	34.90x	116.90x	2.08x	2.25x	N/A	$408.00M	14.91%	$2.10B	17.96	$12.34B	10.82
CPK	CHESAPEAKE UTILITIES CORP	$105.87	$34.00	211.38%	22.29x	N/A	2.90x	1.89x	4.67x	$17.79M	0.91%	$1.25B	67.83	$3.75B	16.31
AY	ATLANTICA SUSTAINABLE INFRASTRUCTURE PLC	$19.57	N/A	N/A	66.11x	22.24x	2.66x	2.00x	N/A	$303.84M	10.37%	$1.42B	9.51	$7.80B	9.92
RGCO	RGC RESOURCES INC	$20.62	$9.19	124.43%	15.74x	N/A	2.37x	2.02x	3.61x	$2.62M	1.25%	$103.54M	10.19	$356.27M	10.70
MSEX	MIDDLESEX WATER CO	$50.72	N/A	N/A	28.66x	N/A	5.41x	2.14x	N/A	-$37.40M	-4.16%	$422.99M	23.86	$1.31B	17.47
KEN	KENON HOLDINGS LTD	$22.40	N/A	N/A	-5.07x	N/A	1.71x	0.98x	N/A	-$55.33M	-4.68%	$1.20B	22.81	$2.09B	-39.10
BEP	BROOKFIELD RENEWABLE PARTNERS LP	$21.01	N/A	N/A	-65.66x	131.31x	1.20x	1.52x	N/A	-$944.00M	-15.64%	$3.96B	13.80	$37.40B	10.80
NWN	NORTHWEST NATURAL HOLDING CO	$38.15	$16.20	135.49%	14.73x	14.34x	1.15x	1.17x	6.73x	-$8.98M	-0.65%	$1.23B	34.04	$2.88B	7.81
NWE	NORTHWESTERN ENERGY GROUP INC	$50.44	$25.78	95.69%	15.62x	13.67x	2.14x	1.10x	2.19x	-$101.83M	-3.30%	$2.81B	45.92	$5.85B	10.91
SJW	SJW GROUP	$54.45	$16.52	229.52%	20.39x	19.95x	2.56x	1.42x	10.20x	-$142.53M	-8.16%	$1.24B	38.67	$3.52B	13.02
SPH	SUBURBAN PROPANE PARTNERS LP	$19.53	$12.25	59.41%	12.13x	N/A	0.90x	2.27x	2.00x	$165.05M	13.19%	$549.89M	8.58	$2.63B	10.73
NRG	NRG ENERGY INC	$72.67	N/A	N/A	-64.88x	14.98x	0.57x	5.20x	N/A	-$819.00M	-4.94%	$2.91B	12.75	$25.52B	16.14
WEC	WEC ENERGY GROUP INC	$82.64	$35.81	130.74%	19.58x	16.93x	2.93x	2.22x	2.29x	$505.70M	1.94%	$11.72B	37.17	$44.83B	12.71
PNM	PNM RESOURCES INC	$37.06	N/A	N/A	36.33x	N/A	1.72x	1.42x	N/A	-$491.99M	-14.72%	$2.35B	26.04	$8.30B	13.49
EBR	BRAZILIAN ELECTRIC POWER CO	$7.36	N/A	N/A	18.92x	N/A	1.99x	0.66x	N/A	$216.74M	1.49%	$22.07B	11.16	$24.31B	7.07
UGI	UGI CORP	$25.56	N/A	N/A	-11.78x	7.12x	0.65x	1.21x	N/A	$546.00M	10.18%	$4.42B	21.08	$12.43B	23.42
BIP	BROOKFIELD INFRASTRUCTURE PARTNERS LP	$26.87	N/A	N/A	191.93x	N/A	0.69x	1.57x	N/A	$1.75B	14.14%	$7.87B	17.06	$59.23B	9.47
ELLO	ELLOMAY CAPITAL LTD	$14.72	$1.49	886.45%	80.44x	N/A	3.60x	1.53x	10.56x	-$56.48M	-29.86%	$123.65M	9.62	$613.35M	19.13
CREG	SMART POWERR CORP	$1.08	N/A	N/A	-10.80x	N/A	N/A	0.08x	N/A	-$68.10M	-810.00%	$109.25M	14.03	$24.66M	-162.21
ELP	ENERGY CO OF PARANA	$7.04	$5.22	34.93%	9.12x	N/A	1.00x	0.89x	2.51x	N/A	N/A	$4.69B	7.87	$6.09B	4.94
CDZI	CADIZ INC	$2.28	N/A	N/A	-4.07x	8.44x	76.00x	3.83x	N/A	-$26.71M	-17.85%	$39.97M	0.61	$209.62M	-8.34
ES	EVERSOURCE ENERGY	$60.62	N/A	N/A	-47.73x	12.95x	1.78x	1.50x	N/A	-$2.69B	-12.70%	$14.17B	40.55	$47.90B	25.50
VGAS	VERDE CLEAN FUELS INC	$4.90	N/A	N/A	-10.89x	N/A	N/A	14.10x	N/A	-$9.17M	-30.49%	$11.10M	1.81	$128.51M	-56.62
CEG	CONSTELLATION ENERGY CORP	$185.94	$55.44	235.37%	37.04x	31.78x	2.41x	5.35x	2.33x	-$7.81B	-13.00%	$11.01B	34.10	$67.70B	12.48
BNRG	BRENMILLER ENERGY LTD	$2.08	N/A	N/A	-0.42x	N/A	6.54x	1.55x	N/A	-$9.53M	-234.76%	$2.88M	1.48	$6.90M	-0.73

Utility Industries

Industry	Stocks	1d %	1w %	1m %	1y %	P/E ratio	P/B Ratio	ROE	ROA	ROCE	Upside/Downside	Consensus
Utilities - Diversified	12	-0.29%	+0.09%	-0.86%	-9.12%	40.88x	1.58x	+10.16%	+3.28%	+6.91%	+8.35%	Buy
Utilities - Independent Power Producers	5	-1.67%	+4.07%	+1.66%	+75.10%	-8.66x	3.64x	+13.47%	+2.54%	+9.28%	-3.70%	Buy
Utilities - Regulated Electric	42	-0.45%	+0.29%	+1.03%	-9.32%	16.72x	1.65x	+11.04%	+3.00%	+5.36%	+1.70%	Buy
Utilities - Regulated Gas	15	-0.59%	-0.15%	-0.96%	-7.49%	14.95x	1.73x	+8.01%	+2.65%	+5.66%	+5.18%	Hold
Utilities - Regulated Water	14	+0.17%	+1.52%	-0.73%	-16.16%	21.79x	2.11x	+9.98%	+3.73%	+7.36%	+12.17%	Buy
Utilities - Renewable	21	-1.38%	-1.30%	-1.31%	+1.97%	31.31x	2.58x	+8.23%	+1.95%	+4.57%	+16.83%	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. 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 -45.54% over the past year, underperforming other utility stocks by -39 percentage points.

Montauk Renewables has an average 1 year price target of $7.50, an upside of 108.33% from Montauk Renewables's current stock price of $3.60.

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 52.58% over the past year, overperforming other utility stocks by 59 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 -40.46% over the past year, underperforming other utility stocks by -34 percentage points.

Opal Fuels has an average 1 year price target of $8.67, an upside of 85.19% from Opal Fuels's current stock price of $4.68.

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 16.96%, which is 13 percentage points higher than the utility sector average of 3.97%. 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 12.14%, which is 8 percentage points higher than the utility sector average of 3.97%. 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 11.93%, which is 8 percentage points higher than the utility sector average of 3.97%. 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.

Why are utility stocks down?

Utility stocks were down -0.54% in the last day, and up 0.36% 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. 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 -45.54% in the past year. It has underperformed other stocks in the utility sector by -39 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 -1.96% in the past year. It has overperformed other stocks in the utility sector by 5 percentage points.

3. Central Puerto Sa (NYSE:CEPU)

Central Puerto Sa (NYSE:CEPU) is the third most undervalued utility stock based on WallStreetZen's Valuation Score. Central Puerto Sa 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.

Central Puerto Sa's stock has gained 73.57% in the past year. It has overperformed other stocks in the utility sector by 80 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 5.33% 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 18.85x.

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. Enlight Renewable Energy (NASDAQ:ENLT)

3. Central Puerto Sa (NYSE:CEPU)

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