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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
Forecast Score
Market Cap
Price
Price Target
Upside/Downside
Top Analysts Upside/Downside
Consensus
Top Analysts Consensus
Analysts
Top Analysts
Fore. Revenue Growth
Fore. Earnings Growth
Forecast ROE
Forecast ROA
CWCO
CONSOLIDATED WATER CO LTD
$449.07M$28.37N/AN/AN/AN/A-7.83%N/AN/AN/A
CEPU
CENTRAL PUERTO SA
$1.57B$10.36N/AN/AN/AN/A51.25%21.56%N/AN/A
OPAL
OPAL FUELS INC
$855.29M$4.95$8.6775.09%Buy629.18%46.74%N/AN/A
CIG
ENERGY CO OF MINAS GERAIS
$5.75B$2.61N/AN/AN/AN/AN/AN/AN/AN/A
NEP
NEXTERA ENERGY PARTNERS LP
$3.17B$33.84$36.006.38%Buy613.84%18.97%N/AN/A
OTTR
OTTER TAIL CORP
$3.85B$92.16N/AN/AN/AN/A-1.18%-17.15%N/AN/A
MNTK
MONTAUK RENEWABLES INC
$701.25M$4.88$7.0043.44%Buy210.15%N/A49.72%35.65%
RNW
RENEW ENERGY GLOBAL PLC
$2.15B$5.93$8.6746.16%Strong Buy314.02%188.45%N/AN/A
ALE
ALLETE INC
$3.62B$62.80$62.00-1.27%Hold47.19%0.00%N/AN/A
MGEE
MGE ENERGY INC
$2.95B$81.41$62.00-23.84%Strong Sell14.79%13.28%N/AN/A
ATO
ATMOS ENERGY CORP
$17.90B$118.64$125.675.92%Buy612.22%1.12%N/AN/A
FTS
FORTIS INC
$20.00B$40.77N/AN/AN/AN/A3.63%4.82%N/AN/A
VIA
VIA RENEWABLES INC
$79.27M$10.96N/AN/AN/AN/AN/AN/AN/AN/A
AVA
AVISTA CORP
$3.00B$38.38$35.00-8.81%Hold20.82%6.22%N/AN/A
WTRG
ESSENTIAL UTILITIES INC
$10.85B$39.67$42.507.13%Buy29.07%-3.37%N/AN/A
NGG
NATIONAL GRID PLC
$57.25B$72.83N/AN/AN/AN/A-4.24%N/AN/AN/A
ETR
ENTERGY CORP
$24.14B$113.03$109.75-2.90%Buy83.87%-6.16%N/AN/A
NFE
NEW FORTRESS ENERGY INC
$5.48B$26.72$37.0038.47%Buy429.76%153.62%N/AN/A
EIX
EDISON INTERNATIONAL
$29.36B$76.30$76.25-0.07%Buy83.94%37.18%N/AN/A
D
DOMINION ENERGY INC
$44.84B$53.50$51.78-3.22%Buy93.24%39.97%N/AN/A
SRE
SEMPRA
$49.47B$78.17$82.195.14%Strong Buy810.62%5.47%N/AN/A
AES
AES CORP
$15.12B$21.28$23.008.08%Strong Buy53.37%68.19%N/AN/A
NRG
NRG ENERGY INC
$17.16B$82.30$76.40-7.17%Buy5-3.82%-2.58%N/AN/A
EVRG
EVERGY INC
$12.67B$55.11$57.834.94%Strong Buy6-1.23%26.57%N/AN/A
ARIS
ARIS WATER SOLUTIONS INC
$965.48M$16.62$16.00-3.73%Strong Buy65.58%128.52%N/AN/A
AGR
AVANGRID INC
$13.87B$35.84$34.50-3.74%Hold23.18%8.00%N/AN/A
XEL
XCEL ENERGY INC
$30.85B$55.52$62.1711.97%Buy125.56%6.03%N/AN/A
SWX
SOUTHWEST GAS HOLDINGS INC
$5.57B$77.68$75.00-3.45%Hold22.53%66.86%N/AN/A
FE
FIRSTENERGY CORP
$23.04B$40.04$40.751.77%Buy44.04%19.41%N/AN/A
BKH
BLACK HILLS CORP
$3.91B$56.78$55.60-2.08%Hold5N/AN/AN/AN/A
TAC
TRANSALTA CORP
$2.22B$7.22N/AN/AN/AN/A-3.01%N/AN/AN/A
OGE
OGE ENERGY CORP
$7.41B$36.96$34.50-6.66%Buy414.01%N/AN/AN/A
CWT
CALIFORNIA WATER SERVICE GROUP
$3.08B$53.29$52.00-2.42%Buy2-1.01%N/AN/AN/A
PCG
PG&E CORP
$48.64B$18.60$21.0012.90%Strong Buy45.74%13.17%N/AN/A
PPL
PPL CORP
$21.83B$29.59$32.6310.26%Strong Buy82.03%33.29%N/AN/A
PNW
PINNACLE WEST CAPITAL CORP
$8.91B$78.44$75.27-4.04%Buy113.94%2.34%N/AN/A
POR
PORTLAND GENERAL ELECTRIC CO
$4.64B$44.99$43.75-2.76%Buy43.42%8.65%N/AN/A
CMS
CMS ENERGY CORP
$18.89B$63.24$63.670.68%Buy95.71%7.02%N/AN/A
OGS
ONE GAS INC
$3.60B$63.72$62.10-2.54%Hold59.09%12.95%N/AN/A
VST
VISTRA CORP
$32.69B$94.08$91.60-2.64%Strong Buy518.47%41.42%N/AN/A
AEP
AMERICAN ELECTRIC POWER CO INC
$48.85B$92.67$88.00-5.04%Hold124.43%6.11%N/AN/A
NI
NISOURCE INC
$13.10B$29.23$31.337.19%Strong Buy310.56%8.40%N/AN/A
LNT
ALLIANT ENERGY CORP
$13.32B$51.97$52.831.66%Buy611.30%N/AN/AN/A
YORW
YORK WATER CO
$550.55M$38.38N/AN/AN/AN/A1.01%N/AN/AN/A
PAM
PAMPA ENERGY INC
$2.60B$47.89$47.00-1.86%Hold24.48%-14.72%N/AN/A
EXC
EXELON CORP
$38.58B$38.58$38.750.44%Buy120.85%8.58%N/AN/A
EDN
EDENOR
$859.77M$18.97N/AN/AN/AN/A68.37%N/AN/AN/A
AEE
AMEREN CORP
$19.93B$74.74$77.133.19%Hold86.12%6.46%N/AN/A
DUK
DUKE ENERGY CORP
$80.18B$103.89$102.27-1.56%Buy112.48%19.84%N/AN/A
NEE
NEXTERA ENERGY INC
$156.33B$76.09$75.33-0.99%Strong Buy127.96%1.52%N/AN/A
UTL
UNITIL CORP
$875.68M$54.16N/AN/AN/AN/A3.57%N/AN/AN/A
RGCO
RGC RESOURCES INC
$210.14M$20.64N/AN/AN/AN/A2.16%N/AN/AN/A
AWK
AMERICAN WATER WORKS COMPANY INC
$26.06B$133.76$137.002.42%Hold22.00%7.82%N/AN/A
CNP
CENTERPOINT ENERGY INC
$19.24B$30.08$29.38-2.34%Hold84.44%8.96%N/AN/A
ADN
ADVENT TECHNOLOGIES HOLDINGS INC
$6.77M$3.25N/AN/AN/AN/A2,013.75%N/A191.94%112.89%
CPK
CHESAPEAKE UTILITIES CORP
$2.53B$113.42$119.505.36%Buy216.81%N/A10.69%4.11%
SO
SOUTHERN CO
$86.97B$79.54$75.31-5.32%Buy134.22%6.75%N/AN/A
ORA
ORMAT TECHNOLOGIES INC
$4.38B$72.49$83.0014.50%Buy47.22%4.41%N/AN/A
AWR
AMERICAN STATES WATER CO
$2.91B$78.29$80.002.18%Strong Sell1-4.48%-5.56%N/AN/A
UGI
UGI CORP
$5.19B$24.77$27.009.00%Hold220.14%N/AN/AN/A
IDA
IDACORP INC
$4.99B$98.47$96.25-2.25%Hold41.83%N/AN/AN/A
ARTNA
ARTESIAN RESOURCES CORP
$416.37M$40.48N/AN/AN/AN/A4.05%N/AN/AN/A
SR
SPIRE INC
$3.61B$62.59$62.56-0.04%Hold8-2.57%14.78%N/AN/A
DTE
DTE ENERGY CO
$24.13B$116.60$115.56-0.90%Buy93.46%8.42%N/AN/A
FLNC
FLUENCE ENERGY INC
$3.29B$18.32$27.7351.35%Strong Buy1130.30%N/AN/AN/A
AMPS
ALTUS POWER INC
$620.19M$3.86$7.4091.71%Strong Buy521.77%N/AN/AN/A
SBS
COMPANHIA DE SANEAMENTO BASICO DO ESTADO DE SAO PAULO-SABESP
$10.49B$15.35N/AN/AN/AN/AN/AN/AN/AN/A
GNE
GENIE ENERGY LTD
$415.37M$15.31N/AN/AN/AN/AN/AN/AN/AN/A
PEG
PUBLIC SERVICE ENTERPRISE GROUP INC
$37.13B$74.54$68.09-8.65%Strong Buy110.39%7.66%N/AN/A
NRGV
ENERGY VAULT HOLDINGS INC
$172.67M$1.16$2.65128.45%Hold50.39%N/AN/AN/A
MSEX
MIDDLESEX WATER CO
$1.02B$57.21$58.001.38%Buy17.92%N/AN/AN/A
WEC
WEC ENERGY GROUP INC
$27.00B$85.50$87.362.18%Hold115.80%5.64%N/AN/A
BIP
BROOKFIELD INFRASTRUCTURE PARTNERS LP
$14.14B$30.65$35.0014.19%Strong Buy2N/AN/AN/AN/A
ED
CONSOLIDATED EDISON INC
$33.58B$97.10$89.39-7.94%Sell93.37%1.01%N/AN/A
KEN
KENON HOLDINGS LTD
$1.29B$24.44N/AN/AN/AN/AN/AN/AN/AN/A
PCYO
PURE CYCLE CORP
$229.32M$9.52N/AN/AN/AN/AN/AN/AN/AN/A
AY
ATLANTICA SUSTAINABLE INFRASTRUCTURE PLC
$3.29B$22.63$22.40-1.02%Buy53.49%-16.26%N/AN/A
SPH
SUBURBAN PROPANE PARTNERS LP
$1.22B$19.06$17.00-10.81%Sell1N/AN/AN/AN/A
ENLT
ENLIGHT RENEWABLE ENERGY LTD
$2.16B$18.32$18.752.35%Buy428.76%N/AN/AN/A
SJW
SJW GROUP
$1.94B$60.05$65.008.24%Buy22.75%2.22%N/AN/A
BEP
BROOKFIELD RENEWABLE PARTNERS LP
$8.00B$27.86$29.505.89%Buy2-9.34%N/AN/AN/A
CREG
SMART POWERR CORP
$8.72M$1.04N/AN/AN/AN/AN/AN/AN/AN/A
ENIC
ENEL CHILE SA
$4.33B$3.13N/AN/AN/AN/AN/AN/AN/AN/A
EBR
BRAZILIAN ELECTRIC POWER CO
$14.83B$7.50N/AN/AN/AN/AN/AN/AN/AN/A
NJR
NEW JERSEY RESOURCES CORP
$4.36B$44.11$45.002.02%Hold13.73%1.95%N/AN/A
ES
EVERSOURCE ENERGY
$21.47B$60.96$64.646.04%Buy146.31%N/AN/AN/A
GWRS
GLOBAL WATER RESOURCES INC
$318.88M$13.19N/AN/AN/AN/A3.67%N/AN/AN/A
NWE
NORTHWESTERN ENERGY GROUP INC
$3.22B$52.56$50.50-3.92%Sell44.91%7.12%N/AN/A
AQN
ALGONQUIN POWER & UTILITIES CORP
$4.59B$6.65$7.5012.78%Buy35.97%N/AN/AN/A
CWEN
CLEARWAY ENERGY INC
$5.42B$26.79$29.409.74%Buy55.28%-26.32%N/AN/A
CEG
CONSTELLATION ENERGY CORP
$67.18B$213.11$213.380.12%Strong Buy81.20%1.22%N/AN/A
PNM
PNM RESOURCES INC
$3.47B$38.49$42.009.12%Buy216.19%N/AN/AN/A
ELP
ENERGY CO OF PARANA
$4.49B$7.53N/AN/AN/AN/AN/AN/AN/AN/A
CDZI
CADIZ INC
$210.84M$3.11N/AN/AN/AN/AN/AN/A50.00%14.58%
ELLO
ELLOMAY CAPITAL LTD
$195.49M$15.21N/AN/AN/AN/AN/AN/AN/AN/A
WAVE
ECO WAVE POWER GLOBAL AB (PUBL)
$16.76M$3.02N/AN/AN/AN/AN/AN/AN/AN/A
VGAS
VERDE CLEAN FUELS INC
$158.37M$4.96N/AN/AN/AN/AN/AN/AN/AN/A
NWN
NORTHWEST NATURAL HOLDING CO
$1.47B$38.54$39.502.49%Buy24.20%16.16%N/AN/A
BEPC
BROOKFIELD RENEWABLE CORP
$11.57B$30.92N/AN/AN/AN/A29.96%N/AN/AN/A
BNRG
BRENMILLER ENERGY LTD
$4.33M$2.01N/AN/AN/AN/AN/AN/AN/AN/A

Utility Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
12-0.04%+0.40%+12.75%-0.66%28.14x1.72x+11.38%+3.22%+6.59%+1.39%Buy
5-0.08%+0.32%+21.24%+91.41%37.16x4.03x+22.78%+3.24%+10.46%-4.13%Buy
41-0.18%+0.84%+9.16%-0.39%18.00x1.75x+11.04%+3.01%+5.42%-1.84%Buy
15+0.10%+1.00%+7.00%-4.20%9.56x1.79x+4.16%+2.85%+5.96%+4.52%Buy
14-0.13%+0.51%+16.44%-8.92%22.87x2.21x+10.08%+3.74%+7.59%+2.65%Hold
23-1.40%-0.18%+17.62%+6.22%12.27x3.37x+8.55%+1.98%+3.95%+5.92%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 54.27% over the past year, overperforming other utility stocks by 53 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 65.23% over the past year, overperforming other utility stocks by 64 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 9.21% over the past year, overperforming other utility stocks by 8 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 15.55%, which is 12 percentage points higher than the utility sector average of 3.62%. 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. Energy Co Of Minas Gerais (NYSE:CIG)


Energy Co Of Minas Gerais (NYSE:CIG) has an annual dividend yield of 10.86%, which is 7 percentage points higher than the utility sector average of 3.62%. 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.

3. Nextera Energy Partners (NYSE:NEP)


Nextera Energy Partners (NYSE:NEP) has an annual dividend yield of 10.33%, which is 7 percentage points higher than the utility sector average of 3.62%. 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.

Why are utility stocks down?

Utility stocks were down -0.29% in the last day, and up 0.61% over the last week. Brenmiller Energy was the among the top losers in the utilities sector, dropping -4.74% yesterday.

Brenmiller Energy shares are trading higher after the company reported its project pipeline has expanded to 49 potential contracts valued at over $500 million in 12 industries across 13 countries.

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 -13.7% in the past year. It has underperformed other stocks in the utility sector by -15 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 65.23% in the past year. It has overperformed other stocks in the utility sector by 64 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 -25.8% in the past year. It has underperformed other stocks in the utility sector by -27 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 0.9% 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 18.62x.
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.