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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
OverviewZen ScorePriceValuationFinancialsForecastEarnings & RevenueDividendsOwnership
Technicals
Ticker
Company
Country
Market Cap
Shares
Institutional %
Insider %
Net Insider (L12M)
Net Insider (L3M)
MNTK
MONTAUK RENEWABLES INC
United States
$492.89M143,698,26316.32%43.87%Net Selling
CWCO
CONSOLIDATED WATER CO LTD
Cayman Islands
$380.99M15,802,18755.00%7.50%Net Buying
OPAL
OPAL FUELS INC
United States
$810.66M172,481,8699.03%90.97%Net SellingNet Selling
CEPU
CENTRAL PUERTO SA
Argentina
$1.36B1,514,022,2560.30%0.00%
ENLT
ENLIGHT RENEWABLE ENERGY LTD
Israel
$1.92B117,962,61429.10%0.00%
OTTR
OTTER TAIL CORP
United States
$3.43B41,710,52160.82%3.85%Net BuyingNet Buying
EVRG
EVERGY INC
United States
$11.71B229,730,26687.19%1.56%Net SellingNet Selling
ENIC
ENEL CHILE SA
Chile
$4.04B69,166,557,2200.06%0.00%
NEP
NEXTERA ENERGY PARTNERS LP
United States
$2.53B93,431,51665.24%0.61%Net SellingNet Selling
CIG
ENERGY CO OF MINAS GERAIS
Brazil
$5.37B2,201,370,6886.75%0.00%
AVA
AVISTA CORP
United States
$2.69B78,161,59685.06%2.18%Net BuyingNet Buying
RNW
RENEW ENERGY GLOBAL PLC
United Kingdom
$2.01B362,988,20934.94%0.00%
ATO
ATMOS ENERGY CORP
United States
$17.28B150,839,70990.12%2.65%Net BuyingNet Selling
MGEE
MGE ENERGY INC
United States
$2.74B36,168,31052.52%0.41%Net SellingNet Selling
ETR
ENTERGY CORP
United States
$22.12B213,237,55287.92%0.95%Net SellingNet Selling
NFE
NEW FORTRESS ENERGY INC
United States
$5.78B205,033,55720.05%79.95%Net Buying
ALE
ALLETE INC
United States
$3.37B57,578,22276.46%1.33%Net SellingNet Selling
NGG
NATIONAL GRID PLC
United Kingdom
$51.44B3,930,371,6610.88%0.00%
SRE
SEMPRA
United States
$43.26B632,149,91689.68%0.75%Net SellingNet Selling
WTRG
ESSENTIAL UTILITIES INC
United States
$9.61B273,298,40974.72%0.71%Net SellingNet Selling
ED
CONSOLIDATED EDISON INC
United States
$31.41B345,510,03166.17%0.41%Net SellingNet Selling
VST
VISTRA CORP
United States
$22.92B347,885,11063.06%36.94%Net SellingNet Selling
FTS
FORTIS INC
Canada
$18.67B490,588,50252.64%0.00%
YORW
YORK WATER CO
United States
$491.09M14,334,18349.85%21.12%Net BuyingNet Buying
EE
EXCELERATE ENERGY INC
United States
$1.68B108,284,79221.79%76.53%Net SellingNet Selling
ARIS
ARIS WATER SOLUTIONS INC
United States
$777.35M57,795,17836.36%63.64%Net SellingNet Selling
BKH
BLACK HILLS CORP
United States
$3.58B68,196,55186.77%1.79%Net BuyingNet Buying
D
DOMINION ENERGY INC
United States
$40.67B837,443,25773.07%0.71%Net BuyingNet Selling
OGE
OGE ENERGY CORP
United States
$6.64B200,330,34071.79%1.23%Net SellingNet Selling
SWX
SOUTHWEST GAS HOLDINGS INC
United States
$5.24B71,595,49175.31%24.69%Net BuyingNet Selling
PAM
PAMPA ENERGY INC
Argentina
$2.31B1,379,765,6660.50%0.00%
AWR
AMERICAN STATES WATER CO
United States
$2.51B36,988,76475.15%2.80%Net BuyingNet Buying
FE
FIRSTENERGY CORP
United States
$21.62B574,440,85083.03%0.69%Net SellingNet Selling
PEG
PUBLIC SERVICE ENTERPRISE GROUP INC
United States
$32.46B498,586,59673.18%0.46%Net BuyingNet Buying
XEL
XCEL ENERGY INC
United States
$29.85B555,155,77078.25%0.81%Net SellingNet Selling
AES
AES CORP
United States
$11.56B710,287,08387.20%12.80%Net BuyingNet Selling
ORA
ORMAT TECHNOLOGIES INC
United States
$3.80B60,358,88746.60%53.40%Net SellingNet Selling
EIX
EDISON INTERNATIONAL
United States
$26.20B384,524,27688.27%0.53%Net SellingNet Selling
VIA
VIA RENEWABLES INC
United States
$78.33M7,232,7018.56%27.24%Net Selling
SR
SPIRE INC
United States
$3.27B54,983,39788.03%6.60%Net BuyingNet Buying
CMS
CMS ENERGY CORP
United States
$17.22B294,443,62095.41%1.46%Net SellingNet Selling
OGS
ONE GAS INC
United States
$3.52B56,546,00692.77%2.49%Net BuyingNet Buying
NEE
NEXTERA ENERGY INC
United States
$131.38B2,052,429,15478.71%0.37%Net SellingNet Selling
AQN
ALGONQUIN POWER & UTILITIES CORP
Canada
$4.03B689,271,03954.05%0.00%
EXC
EXELON CORP
United States
$36.66B999,538,54280.78%0.48%Net SellingNet Selling
IDA
IDACORP INC
United States
$4.67B50,628,07988.99%2.00%Net SellingNet Selling
LNT
ALLIANT ENERGY CORP
United States
$12.51B256,100,29379.72%0.53%Net SellingNet Selling
AGR
AVANGRID INC
United States
$14.02B386,779,94913.10%82.51%Net SellingNet Selling
SBS
COMPANHIA DE SANEAMENTO BASICO DO ESTADO DE SAO PAULO-SABESP
Brazil
$10.76B683,509,86910.75%0.00%
POR
PORTLAND GENERAL ELECTRIC CO
United States
$4.22B101,162,36698.78%1.22%Net BuyingNet Buying
TAC
TRANSALTA CORP
Canada
$1.97B306,933,95159.11%0.00%
FLNC
FLUENCE ENERGY INC
United States
$2.78B178,632,95741.93%58.07%Net SellingNet Buying
SO
SOUTHERN CO
United States
$76.99B1,091,015,11364.11%0.32%Net SellingNet Selling
ARTNA
ARTESIAN RESOURCES CORP
United States
$353.61M10,288,23857.19%6.21%Net Buying
MSEX
MIDDLESEX WATER CO
United States
$831.20M17,821,67071.69%5.38%Net SellingNet Selling
PCG
PG&E CORP
United States
$43.19B2,611,366,66678.16%7.46%Net SellingNet Selling
ADN
ADVENT TECHNOLOGIES HOLDINGS INC
United States
$11.13M62,531,2329.27%39.30%Net Selling
NRGV
ENERGY VAULT HOLDINGS INC
United States
$157.37M147,079,36337.70%62.30%Net SellingNet Selling
DUK
DUKE ENERGY CORP
United States
$73.94B770,811,44665.24%0.87%Net SellingNet Selling
AEE
AMEREN CORP
United States
$19.31B266,288,86779.05%1.16%Net SellingNet Selling
GNE
GENIE ENERGY LTD
United States
$420.53M27,360,16532.50%44.60%Net BuyingNet Buying
AWK
AMERICAN WATER WORKS COMPANY INC
United States
$22.85B194,755,32086.58%0.62%Net SellingNet Selling
PPL
PPL CORP
United States
$19.62B737,085,88176.89%0.25%Net BuyingNet Buying
UTL
UNITIL CORP
United States
$794.43M16,163,36576.70%5.18%Net Buying
RGCO
RGC RESOURCES INC
United States
$192.09M10,163,39535.52%26.00%Net BuyingNet Buying
NI
NISOURCE INC
United States
$12.26B447,524,52991.51%1.61%Net BuyingNet Buying
NJR
NEW JERSEY RESOURCES CORP
United States
$4.15B98,303,52770.83%1.95%Net BuyingNet Buying
AMPS
ALTUS POWER INC
United States
$614.05M159,081,15937.31%62.69%Net SellingNet Selling
PCYO
PURE CYCLE CORP
United States
$223.78M24,088,73415.07%84.93%Net Buying
PNW
PINNACLE WEST CAPITAL CORP
United States
$8.28B113,427,36785.88%1.06%Net SellingNet Selling
CNP
CENTERPOINT ENERGY INC
United States
$17.65B631,594,70691.83%1.23%Net SellingNet Selling
SJW
SJW GROUP
United States
$1.70B32,060,35376.20%22.53%Net SellingNet Selling
GWRS
GLOBAL WATER RESOURCES INC
United States
$293.25M24,175,24122.84%77.16%Net BuyingNet Selling
CWT
CALIFORNIA WATER SERVICE GROUP
United States
$2.59B57,675,17982.60%1.92%Net BuyingNet Buying
CWEN
CLEARWAY ENERGY INC
United States
$4.55B202,080,79450.99%0.64%Net SellingNet Selling
DTE
DTE ENERGY CO
United States
$21.98B206,452,98576.06%1.35%Net SellingNet Selling
CPK
CHESAPEAKE UTILITIES CORP
United States
$2.28B22,238,38482.65%6.15%Net BuyingNet Buying
AEP
AMERICAN ELECTRIC POWER CO INC
United States
$43.44B526,184,58575.17%0.19%Net BuyingNet Buying
NWE
NORTHWESTERN ENERGY GROUP INC
United States
$3.00B61,256,54981.96%18.04%Net BuyingNet Buying
AY
ATLANTICA SUSTAINABLE INFRASTRUCTURE PLC
United Kingdom
$2.65B116,159,05440.52%0.00%
BEP
BROOKFIELD RENEWABLE PARTNERS LP
Bermuda
$5.91B287,164,34062.89%0.00%
KEN
KENON HOLDINGS LTD
Singapore
$1.10B52,765,84513.67%0.00%
WEC
WEC ENERGY GROUP INC
United States
$25.38B315,561,51077.13%0.38%Net SellingNet Buying
SPH
SUBURBAN PROPANE PARTNERS LP
United States
$1.22B64,020,16430.95%6.55%Net SellingNet Selling
WAVE
ECO WAVE POWER GLOBAL AB (PUBL)
Sweden
$20.14M44,394,8440.07%0.00%
NRG
NRG ENERGY INC
United States
$14.67B208,021,01285.03%14.97%Net SellingNet Selling
NWN
NORTHWEST NATURAL HOLDING CO
United States
$1.38B37,676,74075.06%1.99%Net SellingNet Selling
PNM
PNM RESOURCES INC
United States
$3.26B90,200,38491.95%2.24%Net SellingNet Selling
UGI
UGI CORP
United States
$4.99B209,551,43182.10%1.77%Net Selling
ELLO
ELLOMAY CAPITAL LTD
Israel
$191.76M12,852,58515.26%0.00%
VGAS
VERDE CLEAN FUELS INC
United States
$144.32M31,928,7973.51%96.49%Net BuyingNet Buying
CREG
SMART POWERR CORP
China
$9.56M7,963,4440.03%99.97%
ELP
ENERGY CO OF PARANA
Brazil
$4.22B2,982,810,5900.81%0.00%
BIP
BROOKFIELD INFRASTRUCTURE PARTNERS LP
Bermuda
$12.12B461,343,97257.49%0.00%
CDZI
CADIZ INC
United States
$150.89M67,063,45026.01%73.99%Net Selling
CEG
CONSTELLATION ENERGY CORP
United States
$58.22B316,666,53882.24%0.09%Net SellingNet Selling
EDN
EDENOR
Argentina
$729.24M906,455,1000.08%0.00%
ES
EVERSOURCE ENERGY
United States
$20.63B349,687,18379.82%0.88%Net SellingNet Selling
BNRG
BRENMILLER ENERGY LTD
Israel
$4.43M2,151,7454.58%0.00%
BEPC
BROOKFIELD RENEWABLE CORP
United States
$8.29B374,112,40034.51%0.00%
12

Utility Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
12+1.00%-1.23%-0.42%-12.76%39.64x1.52x+9.90%+3.15%+6.77%+12.52%Buy
5-2.60%-6.08%+2.27%+56.07%-11.49x3.35x+13.29%+2.67%+8.62%+4.18%Buy
42+0.91%-0.05%+0.17%-11.85%16.06x1.60x+10.83%+2.92%+5.28%+4.96%Buy
14+0.88%-0.13%-0.46%-12.15%14.74x1.70x+8.30%+2.69%+5.72%+8.14%Hold
14+1.26%-1.20%-3.05%-21.58%22.51x2.04x+9.69%+3.65%+7.28%+17.50%Buy
21-0.12%-4.76%+2.99%-2.78%30.85x2.52x+8.38%+1.99%+4.66%+19.95%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 -49.03% over the past year, underperforming other utility stocks by -38 percentage points.

Montauk Renewables has an average 1 year price target of $7.50, an upside of 118.66% from Montauk Renewables's current stock price of $3.43.

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 61, which is 28 points higher than the utility sector average of 33. It passed 22 out of 38 due diligence checks and has strong fundamentals. Consolidated Water Co has seen its stock return 39.93% 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 -38.16% over the past year, underperforming other utility stocks by -28 percentage points.

Opal Fuels has an average 1 year price target of $8.67, an upside of 84.4% from Opal Fuels's current stock price of $4.70.

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 18.19%, which is 14 percentage points higher than the utility sector average of 4.12%. 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 12.72%, which is 9 percentage points higher than the utility sector average of 4.12%. 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 12.05%, which is 8 percentage points higher than the utility sector average of 4.12%. 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 0.67% in the last day, and down -1.15% 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 -49.03% in the past year. It has underperformed other stocks in the utility sector by -38 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 -37.94% in the past year. It has underperformed other stocks in the utility sector by -27 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 1.88% in the past year. It has overperformed other stocks in the utility sector by 12 percentage points.

Are utility stocks a good buy now?

44% of utility stocks rated by analysts are a buy right now. On average, analysts expect utility stocks to rise by 9.05% 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 18.22x.
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