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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
Performance Score
Market Cap
Revenue
EBITDA
Earnings
EPS
Revenue Growth Y/Y
Revenue Growth 5Y
Earnings Growth Y/Y
Earnings Growth 5Y
Earnings Date
MNTK
MONTAUK RENEWABLES INC
$571.92M$174.90M$45.28M$14.95M$0.11-14.91%8.73%-56.00%N/A2024-05-09
CWCO
CONSOLIDATED WATER CO LTD
$414.97M$180.21M$43.06M$29.59M$1.8891.50%22.35%394.74%20.18%2024-05-28
OPAL
OPAL FUELS INC
$845.16M$256.11M$53.94M$18.94M$0.708.74%16.43%438.46%N/A2024-05-08
ENLT
ENLIGHT RENEWABLE ENERGY LTD
$2.07B$255.70M$233.29M$70.92M$0.6133.06%N/A144.00%N/A2024-05-08
CIG
ENERGY CO OF MINAS GERAIS
$5.81B$7.24B$1.92B$1.13B$0.5216.15%5.66%52.84%24.34%2024-05-14
NEP
NEXTERA ENERGY PARTNERS LP
$2.89B$1.03B$1.12B$284.00M$3.0710.83%7.04%-17.91%18.57%
EVRG
EVERGY INC
$12.43B$5.51B$2.35B$731.30M$3.18-5.99%5.20%-2.75%4.93%2024-05-09
CEPU
CENTRAL PUERTO SA
$1.65B$359.06M$679.00M$169.52M$1.13-78.33%-13.32%-45.52%-28.40%2024-05-10
OTTR
OTTER TAIL CORP
$3.66B$1.35B$499.12M$294.19M$7.06-7.60%8.04%3.37%27.69%2024-05-07
AES
AES CORP
$13.27B$12.51B$3.22B$530.00M$0.76-3.77%3.29%N/A-5.71%
RNW
RENEW ENERGY GLOBAL PLC
$2.25B$1.19B$815.09M$46.06M$0.1020.60%N/AN/AN/A2024-06-04
ATO
ATMOS ENERGY CORP
$18.00B$3.95B$1.83B$925.29M$6.26-15.47%4.94%10.41%9.70%2024-05-08
NFE
NEW FORTRESS ENERGY INC
$5.47B$2.41B$1.13B$547.88M$2.661.90%84.69%186.02%N/A2024-05-08
MGEE
MGE ENERGY INC
$2.89B$690.43M$276.28M$117.70M$3.25-3.37%4.29%5.86%5.99%2024-05-21
EE
EXCELERATE ENERGY INC
$1.89B$1.16B$259.64M$30.41M$1.16-53.13%N/A127.45%N/A2024-06-06
ALE
ALLETE INC
$3.70B$1.88B$607.50M$247.10M$4.3119.68%4.64%27.51%4.92%2024-05-09
EIX
EDISON INTERNATIONAL
$27.83B$16.45B$5.48B$876.00M$2.27-4.46%4.95%3.18%N/A
ETR
ENTERGY CORP
$23.08B$11.96B$4.86B$2.12B$10.02-13.75%1.88%81.52%13.67%
NGG
NATIONAL GRID PLC
$53.71B$26.74B$15.13B$9.63B$13.157.50%4.47%198.33%-2.33%2024-05-23
VIA
VIA RENEWABLES INC
$79.05M$417.40M$57.99M$12.94M$4.01-10.27%-15.38%N/A32.02%2024-05-30
AVA
AVISTA CORP
$2.92B$1.89B$576.46M$187.83M$2.429.49%6.39%28.72%-4.21%
ARIS
ARIS WATER SOLUTIONS INC
$846.12M$392.12M$135.87M$18.89M$0.5922.15%N/A1,375.00%N/A2024-05-09
SRE
SEMPRA
$46.10B$16.72B$7.10B$3.03B$4.8115.80%10.60%44.88%22.76%2024-05-07
BKH
BLACK HILLS CORP
$3.80B$2.33B$724.60M$262.20M$3.91-8.64%5.85%-1.76%-3.82%2024-05-08
D
DOMINION ENERGY INC
$43.08B$14.77B$7.08B$1.67B$1.90-3.12%4.97%6.15%-2.07%
VST
VISTRA CORP
$28.35B$14.78B$4.70B$1.34B$3.637.66%10.08%N/AN/A2024-05-08
WTRG
ESSENTIAL UTILITIES INC
$10.33B$2.05B$1.06B$498.23M$1.86-10.24%19.63%5.08%11.49%
AGR
AVANGRID INC
$14.17B$8.26B$2.54B$892.00M$2.310.05%5.06%31.25%5.00%2024-06-12
PNW
PINNACLE WEST CAPITAL CORP
$8.61B$4.70B$1.82B$521.72M$4.604.84%4.69%12.75%-0.39%
FE
FIRSTENERGY CORP
$22.58B$12.93B$4.99B$1.06B$1.851.77%2.76%160.56%87.42%2024-05-22
FTS
FORTIS INC
$19.58B$8.20B$2.56B$1.11B$2.27-0.39%5.10%8.03%3.72%
AWR
AMERICAN STATES WATER CO
$2.72B$595.70M$252.54M$124.92M$3.3721.19%6.40%58.96%14.27%2024-05-07
OGE
OGE ENERGY CORP
$7.06B$2.71B$1.08B$397.10M$1.98-18.83%3.66%-7.04%-1.08%2024-05-16
YORW
YORK WATER CO
$528.93M$71.03M$43.83M$23.76M$1.6618.26%7.96%18.57%9.80%
CWT
CALIFORNIA WATER SERVICE GROUP
$2.92B$934.28M$329.00M$144.04M$2.5116.13%6.26%85.93%15.52%2024-05-29
SWX
SOUTHWEST GAS HOLDINGS INC
$5.38B$5.43B$925.92M$150.89M$2.139.56%13.54%N/A-10.41%2024-05-08
XEL
XCEL ENERGY INC
$30.14B$13.78B$5.32B$1.84B$3.33-11.92%3.27%2.46%5.82%2024-05-22
PCG
PG&E CORP
$45.94B$24.08B$7.88B$2.41B$1.149.00%7.58%18.75%N/A2024-05-16
PPL
PPL CORP
$20.72B$8.20B$2.75B$762.00M$1.03-3.91%1.17%-1.90%-16.84%2024-05-15
OGS
ONE GAS INC
$3.70B$2.37B$738.56M$231.23M$4.16-7.99%7.74%1.71%4.93%2024-05-06
AEP
AMERICAN ELECTRIC POWER CO INC
$46.70B$19.32B$7.65B$2.81B$5.39-2.13%3.58%39.28%5.47%
POR
PORTLAND GENERAL ELECTRIC CO
$4.51B$3.10B$956.00M$264.00M$2.6212.10%8.43%-4.73%1.10%
CMS
CMS ENERGY CORP
$18.38B$7.35B$3.47B$960.00M$3.28-13.54%1.05%40.77%8.12%
ORA
ORMAT TECHNOLOGIES INC
$4.07B$829.42M$454.06M$124.40M$2.0912.98%2.89%78.63%1.61%2024-05-08
LNT
ALLIANT ENERGY CORP
$13.04B$3.98B$1.80B$698.00M$2.75-5.51%2.00%5.77%4.66%
PAM
PAMPA ENERGY INC
$2.65B$1.73B$984.00M$302.00M$5.50-5.30%3.82%-33.33%-44.84%2024-05-07
EXC
EXELON CORP
$37.41B$22.21B$7.93B$2.32B$2.3214.99%-9.09%3.11%-0.68%
AQN
ALGONQUIN POWER & UTILITIES CORP
$4.51B$2.70B$763.03M$20.32M$0.03-2.42%10.36%N/A-39.82%2024-06-19
FLNC
FLUENCE ENERGY INC
$3.73B$2.27B-$52.87M-$61.72M-$0.5270.25%N/AN/AN/A2024-05-09
NEE
NEXTERA ENERGY INC
$144.10B$27.13B$16.76B$7.49B$3.689.47%9.87%9.20%19.42%2024-05-23
ADN
ADVENT TECHNOLOGIES HOLDINGS INC
$6.69M$5.31M-$88.80M-$93.29M-$1.76-39.54%N/AN/AN/A2024-06-19
DUK
DUKE ENERGY CORP
$77.28B$29.06B$12.38B$2.74B$3.541.02%3.46%11.67%-1.20%2024-05-07
CNP
CENTERPOINT ENERGY INC
$18.84B$8.54B$3.31B$904.00M$1.43-8.57%9.79%12.60%17.44%
RGCO
RGC RESOURCES INC
$217.67M$83.21M$33.83M$13.16M$1.30-18.97%4.01%N/A3.59%2024-05-06
NRGV
ENERGY VAULT HOLDINGS INC
$186.79M$341.54M-$97.86M-$98.44M-$0.69134.13%N/AN/AN/A2024-05-24
ARTNA
ARTESIAN RESOURCES CORP
$383.96M$98.86M$45.54M$16.70M$1.67-0.04%4.22%-12.11%1.50%2024-05-07
AEE
AMEREN CORP
$19.73B$7.50B$3.33B$1.15B$4.39-5.74%3.58%5.53%5.62%
GNE
GENIE ENERGY LTD
$433.11M$428.71M$24.34M$19.21M$0.7535.87%8.87%-77.61%-2.47%2024-05-08
ENIC
ENEL CHILE SA
$4.04B$4.62B$1.17B$667.92M$0.48-14.49%7.08%-51.03%5.01%
TAC
TRANSALTA CORP
$2.17B$2.33B$1.12B$414.49M$1.41-2.09%6.36%369.08%N/A
SO
SOUTHERN CO
$82.94B$25.42B$12.41B$4.24B$3.88-12.68%2.44%25.57%3.54%
AWK
AMERICAN WATER WORKS COMPANY INC
$25.08B$4.31B$2.72B$959.00M$4.9210.78%4.28%8.13%9.12%2024-05-15
EDN
EDENOR
$846.63M$802.81M$671.31M$54.31M$1.27-76.14%-22.52%N/A-23.92%2024-05-08
UGI
UGI CORP
$5.09B$7.65B$1.01B-$68.00M-$0.33-22.18%0.35%N/AN/A
NI
NISOURCE INC
$12.77B$5.51B$2.25B$661.70M$1.59-5.90%1.48%-13.59%N/A2024-05-08
IDA
IDACORP INC
$4.88B$1.79B$622.12M$253.27M$5.003.25%4.82%-5.84%1.51%
UTL
UNITIL CORP
$850.68M$557.10M$154.50M$45.20M$2.82-1.08%4.64%8.88%4.81%2024-05-07
AMPS
ALTUS POWER INC
$692.00M$155.16M$93.11M-$9.36M-$0.0653.38%N/AN/AN/A2024-05-22
SBS
COMPANHIA DE SANEAMENTO BASICO DO ESTADO DE SAO PAULO-SABESP
$10.85B$4.92B$1.97B$677.60M$0.9925.94%4.84%22.69%-0.19%2024-05-09
PCYO
PURE CYCLE CORP
$238.72M$18.84M$11.02M$6.53M$0.282.35%11.76%0.00%N/A
SR
SPIRE INC
$3.54B$2.61B$747.10M$221.70M$3.97-3.17%5.55%-15.17%-1.72%
DTE
DTE ENERGY CO
$23.33B$12.21B$3.87B$1.27B$6.12-33.77%-2.67%8.13%-0.83%
NJR
NEW JERSEY RESOURCES CORP
$4.39B$1.71B$563.12M$238.21M$2.45-42.22%-10.80%-15.81%1.99%2024-05-07
PEG
PUBLIC SERVICE ENTERPRISE GROUP INC
$35.09B$10.24B$4.05B$1.81B$3.63-8.90%0.77%-22.10%3.01%
WAVE
ECO WAVE POWER GLOBAL AB (PUBL)
$17.48M$306.00k-$1.49M-$1.71M-$0.321,076.92%N/AN/AN/A
WEC
WEC ENERGY GROUP INC
$26.28B$8.69B$3.70B$1.45B$4.58-9.32%2.25%7.01%5.83%2024-05-09
AY
ATLANTICA SUSTAINABLE INFRASTRUCTURE PLC
$3.11B$1.10B$786.19M$43.38M$0.30-0.19%1.05%N/A-2.50%2024-05-08
CPK
CHESAPEAKE UTILITIES CORP
$2.45B$670.60M$229.68M$87.21M$4.75-1.48%6.46%-6.31%6.54%2024-05-08
MSEX
MIDDLESEX WATER CO
$946.87M$166.27M$75.15M$31.40M$1.772.36%3.79%-26.25%-2.12%2024-05-21
GWRS
GLOBAL WATER RESOURCES INC
$308.48M$53.03M$27.50M$7.98M$0.3318.56%8.35%37.50%17.08%2024-05-08
ED
CONSOLIDATED EDISON INC
$33.05B$14.54B$5.35B$1.81B$5.24-9.20%3.09%-25.57%3.75%2024-05-20
CWEN
CLEARWAY ENERGY INC
$4.94B$1.31B$1.14B$79.00M$0.6710.42%4.53%-86.57%7.81%2024-05-09
NRG
NRG ENERGY INC
$15.94B$28.82B$1.58B-$256.00M-$1.12-8.62%24.91%N/AN/A2024-05-07
SJW
SJW GROUP
$1.79B$682.45M$270.44M$85.16M$2.677.69%11.26%-0.74%6.06%2024-06-20
NWE
NORTHWESTERN ENERGY GROUP INC
$3.14B$1.44B$535.88M$196.69M$3.23-6.17%3.17%-0.31%-5.16%
BEP
BROOKFIELD RENEWABLE PARTNERS LP
$7.40B$5.20B$3.55B-$132.00M-$0.455.97%6.31%N/AN/A
KEN
KENON HOLDINGS LTD
$1.23B$691.80M-$53.51M-$235.98M-$4.4220.53%13.70%N/AN/A2024-06-03
EBR
BRAZILIAN ELECTRIC POWER CO
$15.38B$7.30B$3.44B$959.09M$0.3918.46%2.46%18.31%-31.80%2024-05-09
NWN
NORTHWEST NATURAL HOLDING CO
$1.46B$1.20B$368.56M$93.87M$2.5915.44%11.14%1.97%2.95%2024-05-06
ES
EVERSOURCE ENERGY
$21.14B$11.45B$2.00B-$411.55M-$1.19-9.24%5.95%N/AN/A
ELLO
ELLOMAY CAPITAL LTD
$187.01M$52.51M$32.05M$2.39M$0.18-2.37%21.11%N/A10.45%2024-06-27
SPH
SUBURBAN PROPANE PARTNERS LP
$1.27B$1.40B$244.56M$102.81M$1.61-8.27%0.72%-37.60%8.31%2024-05-09
PNM
PNM RESOURCES INC
$3.41B$1.83B$614.05M$79.47M$0.91-22.03%4.52%-62.40%-4.07%2024-06-04
CREG
SMART POWERR CORP
$8.35M$0.00-$152.04k-$746.79k-$0.10N/A-100.00%N/AN/A2024-06-19
BIP
BROOKFIELD INFRASTRUCTURE PARTNERS LP
$13.51B$17.93B$6.25B$102.00M$0.1424.29%30.98%0.00%-16.89%
ELP
ENERGY CO OF PARANA
$4.49B$4.22B$1.23B$443.95M$0.7713.62%3.30%119.89%4.98%2024-05-08
CDZI
CADIZ INC
$156.93M$1.99M-$25.12M-$31.45M-$0.5632.64%35.25%N/AN/A2024-06-11
VGAS
VERDE CLEAN FUELS INC
$152.62M$0.00-$2.27M-$2.74M-$0.45N/AN/AN/AN/A
BNRG
BRENMILLER ENERGY LTD
$4.06M$621.00k-$9.43M-$9.65M-$4.99-59.14%N/AN/AN/A2024-05-08
CEG
CONSTELLATION ENERGY CORP
$61.71B$24.92B$5.43B$1.62B$5.021.96%4.04%N/AN/A2024-05-09

Utility Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
12+1.26%+4.86%+3.55%-5.53%41.35x1.63x+11.48%+3.37%+6.98%+3.69%Buy
5+2.64%+8.60%+6.35%+88.13%-8.48x3.83x+13.32%+2.55%+9.34%-8.86%Buy
42+0.54%+2.77%+3.39%-6.46%17.38x1.67x+10.93%+2.96%+5.31%+0.43%Buy
15+0.25%+1.73%+1.49%-5.04%10.65x1.73x+8.65%+2.86%+5.95%+3.66%Hold
14+1.13%+5.32%+5.62%-12.60%22.44x2.15x+10.05%+3.75%+7.62%+7.87%Buy
21+3.51%+7.21%+6.04%+11.09%32.19x2.81x+7.80%+1.87%+4.47%+8.96%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 62, which is 30 points higher than the utility sector average of 32. It passed 20 out of 33 due diligence checks and has strong fundamentals. Montauk Renewables has seen its stock lose -38.86% over the past year, underperforming other utility stocks by -36 percentage points.

Montauk Renewables has an average 1 year price target of $7.50, an upside of 88.44% from Montauk Renewables's current stock price of $3.98.

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 26 points higher than the utility sector average of 32. It passed 21 out of 38 due diligence checks and has strong fundamentals. Consolidated Water Co has seen its stock return 52.67% over the past year, overperforming other utility stocks by 55 percentage points.

3. Enlight Renewable Energy (NASDAQ:ENLT)


Enlight Renewable Energy (NASDAQ:ENLT) is the third best utility stock with a Zen Score of 51, which is 19 points higher than the utility sector average of 32. It passed 17 out of 33 due diligence checks and has strong fundamentals. Enlight Renewable Energy has seen its stock return 3.72% over the past year, overperforming other utility stocks by 6 percentage points.

Enlight Renewable Energy has an average 1 year price target of $18.50, an upside of 5.41% from Enlight Renewable Energy's current stock price of $17.55.

Enlight Renewable Energy stock has a consensus Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Enlight Renewable Energy, 50% have issued a Strong Buy rating, 0% have issued a Buy, 50% have issued a Hold, while 0% have issued a Sell rating, and 0% 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. Brazilian Electric Power Co (NYSE:EBR)


Brazilian Electric Power Co (NYSE:EBR) has an annual dividend yield of N/A, which is N/A percentage points lower than the utility sector average of 3.83%. Brazilian Electric Power Co's dividend payout is not stable, having dropped more than 10% five times in the last 10 years. Brazilian Electric Power Co's dividend has not shown consistent growth over the last 10 years.

Brazilian Electric Power Co's dividend payout ratio of 11.3% indicates that its dividend yield is sustainable for the long-term.

2. Kenon Holdings (NYSE:KEN)


Kenon Holdings (NYSE:KEN) has an annual dividend yield of 16.34%, which is 13 percentage points higher than the utility sector average of 3.83%. 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.

3. Enel Chile Sa (NYSE:ENIC)


Enel Chile Sa (NYSE:ENIC) has an annual dividend yield of 12.05%, which is 8 percentage points higher than the utility sector average of 3.83%. 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 up?

Utility stocks were up 1.07% in the last day, and up 3.9% over the last week. Transalta was the among the top gainers in the utilities sector, gaining 4.74% yesterday.

TransAlta shares are trading higher after the company reported better-than-expected Q1 GAAP EPS results.

What are the most undervalued utility stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued utility stocks right now are:

1. Enlight Renewable Energy (NASDAQ:ENLT)


Enlight Renewable Energy (NASDAQ:ENLT) is the most undervalued utility stock based on WallStreetZen's Valuation Score. Enlight Renewable Energy has a valuation score of 71, which is 43 points higher than the utility sector average of 28. It passed 5 out of 7 valuation due diligence checks.

Enlight Renewable Energy's stock has gained 3.72% in the past year. It has overperformed other stocks in the utility sector by 6 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 71, which is 43 points higher than the utility sector average of 28. It passed 5 out of 7 valuation due diligence checks.

Via Renewables's stock has gained 5.5% in the past year. It has overperformed other stocks in the utility sector by 8 percentage points.

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


Energy Co Of Minas Gerais (NYSE:CIG) is the third most undervalued utility stock based on WallStreetZen's Valuation Score. Energy Co Of Minas Gerais has a valuation score of 71, which is 43 points higher than the utility sector average of 28. It passed 5 out of 7 valuation due diligence checks.

Energy Co Of Minas Gerais's stock has gained 9.54% in the past year. It has overperformed other stocks in the utility sector by 12 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 2.5% 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 19.28x.
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.