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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
Financials Score
Market Cap
ROE
ROA
ROCE
ROIC
D/E
Current Ratio
Gross Margin
Profit Margin
Operating Margin
MNTK
MONTAUK RENEWABLES INC
$524.50M6.30%4.40%7.52%8.30%0.403.0745.90%8.50%13.79%
CWCO
CONSOLIDATED WATER CO LTD
$392.05M16.90%14.10%18.75%29.70%0.144.7234.40%16.40%20.24%
OPAL
OPAL FUELS INC
$793.42M-2.60%2.80%5.79%5.80%-0.621.6828.20%7.40%15.33%
OTTR
OTTER TAIL CORP
$3.55B21.60%9.40%13.68%11.40%1.251.8440.70%21.80%29.73%
ENLT
ENLIGHT RENEWABLE ENERGY LTD
$1.96B6.20%1.70%4.14%3.00%2.741.1454.40%27.70%65.50%
ENIC
ENEL CHILE SA
$4.18B34.80%11.70%22.02%22.00%1.830.9731.40%25.30%38.64%
CEPU
CENTRAL PUERTO SA
$1.55B9.80%6.50%20.39%22.80%0.462.4747.40%18.80%68.26%
NEP
NEXTERA ENERGY PARTNERS LP
$2.69B8.00%1.20%2.31%2.00%2.351.3645.70%27.50%46.23%
CIG
ENERGY CO OF MINAS GERAIS
$5.44B19.80%7.70%16.92%18.80%1.461.2019.80%11.90%20.85%
EVRG
EVERGY INC
$12.00B7.60%2.40%4.63%3.50%2.200.5150.20%13.30%23.11%
RNW
RENEW ENERGY GLOBAL PLC
$2.11B3.60%0.50%7.00%4.60%7.380.8590.20%3.90%51.40%
ATO
ATMOS ENERGY CORP
$17.75B8.60%4.10%5.38%4.50%1.101.4473.30%23.40%30.67%
MGEE
MGE ENERGY INC
$2.83B13.30%4.80%7.33%5.70%1.661.4835.70%17.00%25.48%
AVA
AVISTA CORP
$2.78B7.10%2.30%4.05%2.90%2.100.8553.50%9.80%16.03%
ETR
ENTERGY CORP
$22.85B17.30%3.90%5.02%3.40%3.080.5737.70%19.40%22.05%
ALE
ALLETE INC
$3.44B8.90%3.70%5.67%4.50%1.161.2423.00%13.10%18.93%
NFE
NEW FORTRESS ENERGY INC
$5.76B37.90%5.80%10.70%7.30%5.320.5761.80%22.70%39.00%
SRE
SEMPRA
$45.21B10.80%3.60%6.32%4.80%1.870.5439.60%18.10%29.15%
WTRG
ESSENTIAL UTILITIES INC
$9.91B8.70%3.10%4.46%3.60%1.860.6250.40%24.30%34.82%
VST
VISTRA CORP
$23.81B25.10%4.20%11.84%9.10%5.211.1948.90%9.10%18.55%
ED
CONSOLIDATED EDISON INC
$32.08B12.00%3.90%6.73%5.00%2.141.0150.50%17.20%27.48%
NGG
NATIONAL GRID PLC
$52.54B29.20%8.30%12.29%9.50%2.141.0019.00%36.00%47.42%
SWX
SOUTHWEST GAS HOLDINGS INC
$5.34B4.60%1.30%4.76%3.30%2.591.1217.10%2.80%8.93%
ARIS
ARIS WATER SOLUTIONS INC
$832.83M5.90%1.40%4.76%4.30%2.021.1235.10%4.80%15.11%
EE
EXCELERATE ENERGY INC
$1.80B6.10%1.00%4.92%4.40%2.083.4335.60%2.60%11.27%
YORW
YORK WATER CO
$509.58M11.10%4.30%5.63%4.60%1.660.8673.40%33.40%45.16%
D
DOMINION ENERGY INC
$42.43B7.10%1.90%5.02%3.30%2.961.0443.60%13.90%29.48%
FTS
FORTIS INC
$19.18B7.00%2.30%3.22%2.60%1.980.6842.20%13.10%16.78%
BKH
BLACK HILLS CORP
$3.71B8.30%2.70%5.55%4.10%1.960.7031.30%11.20%20.07%
PAM
PAMPA ENERGY INC
$2.49B22.50%10.60%14.11%11.30%1.082.1337.20%24.90%31.71%
OGE
OGE ENERGY CORP
$6.80B9.40%3.30%5.98%4.30%1.840.6565.90%15.60%25.97%
XEL
XCEL ENERGY INC
$30.68B10.30%2.80%4.59%3.20%2.640.7242.10%12.50%18.87%
AWR
AMERICAN STATES WATER CO
$2.60B16.50%5.80%10.06%7.50%1.891.2464.70%21.00%35.13%
FE
FIRSTENERGY CORP
$21.90B10.60%2.30%8.43%6.00%3.630.4836.00%8.60%28.41%
PEG
PUBLIC SERVICE ENTERPRISE GROUP INC
$33.15B17.00%5.10%8.38%6.00%2.280.6743.00%22.80%34.07%
AES
AES CORP
$12.17B9.80%0.60%5.22%3.30%15.600.6819.80%2.00%14.44%
EIX
EDISON INTERNATIONAL
$27.24B7.60%1.50%4.27%3.00%4.120.7941.10%7.30%19.14%
ORA
ORMAT TECHNOLOGIES INC
$3.93B5.50%2.50%4.91%3.90%1.191.2031.80%15.00%27.64%
VIA
VIA RENEWABLES INC
$78.55M9.90%1.40%15.84%21.40%3.801.9928.60%1.00%8.15%
SR
SPIRE INC
$3.36B6.60%1.90%5.25%3.70%2.490.5525.60%7.50%16.96%
OGS
ONE GAS INC
$3.65B8.60%3.10%7.29%5.40%1.810.5252.20%9.70%19.34%
AQN
ALGONQUIN POWER & UTILITIES CORP
$4.25B0.40%0.10%1.77%1.30%2.330.6339.10%0.80%10.97%
CMS
CMS ENERGY CORP
$17.65B12.10%2.70%6.94%4.80%3.370.9838.40%11.80%28.46%
EXC
EXELON CORP
$37.54B9.20%2.40%4.82%3.50%2.940.8134.60%10.70%20.39%
IDA
IDACORP INC
$4.76B9.10%3.20%5.42%4.30%1.911.5833.00%14.80%24.06%
TAC
TRANSALTA CORP
$2.00B41.00%6.80%15.32%11.10%4.550.9165.10%19.20%31.59%
POR
PORTLAND GENERAL ELECTRIC CO
$4.41B7.10%2.20%4.42%3.20%2.380.8440.90%7.80%15.26%
AGR
AVANGRID INC
$14.25B4.00%1.90%3.06%2.60%1.190.6525.10%9.50%14.27%
FLNC
FLUENCE ENERGY INC
$2.90B-15.30%-3.70%-11.36%-41.00%3.071.337.30%-2.70%-2.82%
SO
SOUTHERN CO
$79.92B11.70%2.90%5.50%3.90%3.310.7840.70%15.70%27.39%
NEE
NEXTERA ENERGY INC
$136.01B15.90%4.30%6.96%5.00%2.480.5163.00%27.60%39.82%
SBS
COMPANHIA DE SANEAMENTO BASICO DO ESTADO DE SAO PAULO-SABESP
$11.03B11.90%5.70%12.32%21.90%1.091.0934.90%14.20%28.24%
PNW
PINNACLE WEST CAPITAL CORP
$8.45B8.20%2.10%4.18%2.90%2.980.6734.50%10.70%19.37%
ARTNA
ARTESIAN RESOURCES CORP
$359.68M7.60%2.20%4.33%3.60%2.331.3742.60%16.90%32.57%
DUK
DUKE ENERGY CORP
$75.69B5.60%1.50%3.94%2.80%2.580.7442.50%9.40%21.66%
ADN
ADVENT TECHNOLOGIES HOLDINGS INC
$10.63M-194.50%-128.80%-218.53%-202.10%0.701.84-56.30%-1,756.90%-1,752.47%
PCG
PG&E CORP
$44.29B9.30%1.80%3.26%2.20%4.010.8334.00%9.20%14.47%
LNT
ALLIANT ENERGY CORP
$12.80B10.70%3.40%5.82%4.00%2.130.5540.20%17.50%27.34%
NRGV
ENERGY VAULT HOLDINGS INC
$177.97M-40.40%-28.10%-43.14%-112.90%0.522.505.10%-28.80%-28.91%
MSEX
MIDDLESEX WATER CO
$859.72M7.60%2.70%4.04%3.10%1.921.0538.70%18.90%27.49%
GNE
GENIE ENERGY LTD
$442.14M9.30%6.30%10.28%32.60%0.742.3434.10%4.50%5.57%
AEE
AMEREN CORP
$19.71B10.50%2.90%5.07%3.70%2.590.6539.30%15.40%25.35%
AWK
AMERICAN WATER WORKS COMPANY INC
$23.35B9.70%3.20%6.97%5.20%2.090.6559.40%22.30%46.36%
PPL
PPL CORP
$20.08B5.30%1.90%4.43%3.30%1.820.8819.60%8.90%19.13%
UTL
UNITIL CORP
$820.29M9.30%2.80%6.25%4.30%2.420.6432.80%8.10%15.63%
NI
NISOURCE INC
$12.50B8.70%2.30%5.20%3.90%2.530.8672.10%12.00%24.40%
PCYO
PURE CYCLE CORP
$228.84M5.50%4.90%6.94%8.40%0.124.1061.30%34.70%47.46%
AMPS
ALTUS POWER INC
$607.69M-2.10%-0.50%1.89%1.40%3.502.1580.90%-6.00%24.13%
NJR
NEW JERSEY RESOURCES CORP
$4.27B11.80%3.70%6.95%4.50%2.270.7033.90%14.00%23.58%
CWT
CALIFORNIA WATER SERVICE GROUP
$2.67B3.80%1.30%2.08%1.80%2.220.6940.90%6.50%10.89%
CWEN
CLEARWAY ENERGY INC
$4.77B3.70%0.60%3.00%2.40%4.621.7264.00%6.00%31.51%
CNP
CENTERPOINT ENERGY INC
$18.15B8.70%2.20%4.99%3.60%3.110.7836.40%10.00%20.56%
SJW
SJW GROUP
$1.77B7.10%2.20%3.93%3.40%2.520.5852.80%12.70%23.43%
GWRS
GLOBAL WATER RESOURCES INC
$295.66M16.70%2.30%4.54%3.70%6.430.8376.10%15.10%29.67%
WAVE
ECO WAVE POWER GLOBAL AB (PUBL)
$19.53M-20.20%-16.10%-21.01%-30.10%0.284.1180.70%-558.80%-540.85%
DTE
DTE ENERGY CO
$22.73B13.00%3.20%6.06%4.10%3.050.6034.00%11.00%18.49%
AEP
AMERICAN ELECTRIC POWER CO INC
$45.02B9.00%2.30%4.78%3.20%2.830.5336.00%11.60%21.44%
CPK
CHESAPEAKE UTILITIES CORP
$2.35B9.10%3.50%5.22%5.20%1.650.4838.10%13.00%22.70%
RGCO
RGC RESOURCES INC
$203.06M12.90%4.30%9.19%5.80%2.040.5453.60%14.70%26.00%
AY
ATLANTICA SUSTAINABLE INFRASTRUCTURE PLC
$2.89B2.90%0.50%4.54%4.70%5.011.6290.50%3.90%33.45%
NWE
NORTHWESTERN ENERGY GROUP INC
$3.09B7.10%2.60%4.48%3.50%1.730.7670.40%13.70%22.24%
KEN
KENON HOLDINGS LTD
$1.14B-17.80%-5.80%-3.85%-3.50%1.693.0617.30%-34.10%-20.88%
BEP
BROOKFIELD RENEWABLE PARTNERS LP
$6.22B-2.20%-0.10%2.36%1.80%11.650.5761.60%-1.80%31.96%
SPH
SUBURBAN PROPANE PARTNERS LP
$1.25B18.00%4.50%8.92%8.40%3.220.7225.20%7.40%12.83%
NRG
NRG ENERGY INC
$14.87B-8.00%-0.90%2.75%2.20%7.961.028.00%-0.90%1.58%
NWN
NORTHWEST NATURAL HOLDING CO
$1.44B7.70%2.20%6.17%4.70%2.661.2131.30%7.80%20.80%
PNM
PNM RESOURCES INC
$3.27B3.90%0.90%2.90%2.00%3.340.3949.00%4.50%13.50%
WEC
WEC ENERGY GROUP INC
$25.86B11.40%3.10%5.83%4.20%2.750.5537.70%15.00%25.46%
UGI
UGI CORP
$5.35B-9.90%-2.90%-0.05%0.00%2.550.9839.30%-5.50%-0.08%
ELLO
ELLOMAY CAPITAL LTD
$194.85M1.90%0.40%2.54%1.50%4.241.0620.40%4.50%27.31%
VGAS
VERDE CLEAN FUELS INC
$145.28M-23.50%-7.20%-9.55%-62.00%0.2811.90N/AN/AN/A
CREG
SMART POWERR CORP
$9.40M-0.70%-0.50%-0.19%-0.20%0.255.72N/AN/AN/A
ELP
ENERGY CO OF PARANA
$4.31B10.10%4.30%10.51%11.20%1.321.4722.80%10.50%22.76%
CDZI
CADIZ INC
$150.22M-62.60%-26.70%-26.09%-17.70%1.691.37-45.00%-1,579.40%-1,330.54%
CEG
CONSTELLATION ENERGY CORP
$59.61B14.40%3.40%6.56%5.90%3.571.3110.80%6.50%11.69%
BIP
BROOKFIELD INFRASTRUCTURE PARTNERS LP
$12.85B1.30%0.10%3.94%3.80%8.480.6824.90%0.60%19.60%
ES
EVERSOURCE ENERGY
$21.10B-2.90%-0.80%1.16%0.80%2.920.6732.80%-3.70%4.81%
EDN
EDENOR
$753.72M-18.00%-5.00%30.11%38.30%2.820.423.70%-8.70%41.16%
BNRG
BRENMILLER ENERGY LTD
$4.99MN/A-84.00%-121.26%-97.00%2.681.68-150.40%-1,553.60%-1,537.52%
BEPC
BROOKFIELD RENEWABLE CORP
$8.80B-3.20%-0.40%2.80%2.20%5.580.4067.80%-4.00%25.27%

Utility Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
12+0.51%+5.51%+1.99%-10.55%42.24x1.59x+9.87%+3.13%+6.74%+8.43%Buy
5+0.92%+0.75%-0.26%+65.57%-10.94x3.45x+13.46%+2.71%+8.67%+0.38%Buy
42+0.11%+5.65%+2.75%-10.53%16.48x1.64x+10.80%+2.92%+5.18%+1.95%Buy
15+0.14%+5.24%+1.34%-9.70%14.92x1.75x+8.13%+2.66%+5.70%+5.14%Hold
14+1.03%+5.16%-0.90%-20.37%23.10x2.10x+9.70%+3.65%+7.28%+14.02%Buy
21+2.25%+4.30%+0.87%-1.07%31.80x2.61x+8.34%+1.97%+4.62%+15.58%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 -47.41% 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 105.48% from Montauk Renewables's current stock price of $3.65.

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 45% over the past year, overperforming other utility stocks by 54 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 -39.15% over the past year, underperforming other utility stocks by -30 percentage points.

Opal Fuels has an average 1 year price target of $8.67, an upside of 88.41% from Opal Fuels's current stock price of $4.60.

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 17.53%, which is 14 percentage points higher than the utility sector average of 3.98%. 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 11.97%, which is 8 percentage points higher than the utility sector average of 3.98%. 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 11.65%, which is 8 percentage points higher than the utility sector average of 3.98%. 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 0.53% in the last day, and up 5.12% over the last week. Nextera Energy Partners was the among the top gainers in the utilities sector, gaining 4.77% yesterday.

NextEra Energy Partners shares are trading higher following Q1 earnings.

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 -47.41% in the past year. It has underperformed other stocks in the utility sector by -39 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 -0.09% in the past year. It has overperformed other stocks in the utility sector by 9 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 2.38% in the past year. It has overperformed other stocks in the utility sector by 11 percentage points.

Are utility stocks a good buy now?

46.67% of utility stocks rated by analysts are a buy right now. On average, analysts expect utility stocks to rise by 5.73% 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 18.87x.
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.