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

Overview Zen Score Price Valuation Financials Forecast Earnings & Revenue Dividends Ownership

Ticker	Company	Country	Market Cap	Shares	Institutional %	Insider %	Net Insider (L12M)	Net Insider (L3M)
MNTK	MONTAUK RENEWABLES INC	United States	$530.25M	143,698,263	16.32%	43.87%	Net Selling
CWCO	CONSOLIDATED WATER CO LTD	Cayman Islands	$407.06M	15,802,187	55.00%	7.50%	Net Buying
OPAL	OPAL FUELS INC	United States	$791.69M	172,481,869	9.03%	90.97%	Net Selling	Net Selling
CEPU	CENTRAL PUERTO SA	Argentina	$1.57B	1,514,022,256	0.30%	0.00%
ENLT	ENLIGHT RENEWABLE ENERGY LTD	Israel	$1.89B	117,962,614	29.10%	0.00%
CIG	ENERGY CO OF MINAS GERAIS	Brazil	$5.35B	2,201,370,688	6.75%	0.00%
NEP	NEXTERA ENERGY PARTNERS LP	United States	$2.68B	93,539,258	65.16%	0.61%	Net Selling	Net Selling
EVRG	EVERGY INC	United States	$12.16B	229,730,266	87.19%	1.56%	Net Selling	Net Selling
OTTR	OTTER TAIL CORP	United States	$3.62B	41,710,521	60.82%	3.85%	Net Buying	Net Buying
ETR	ENTERGY CORP	United States	$22.81B	213,237,552	87.92%	0.95%	Net Selling	Net Selling
RNW	RENEW ENERGY GLOBAL PLC	United Kingdom	$2.06B	362,988,209	34.94%	0.00%
ATO	ATMOS ENERGY CORP	United States	$17.90B	150,839,709	90.12%	2.65%	Net Buying	Net Selling
MGEE	MGE ENERGY INC	United States	$2.86B	36,168,310	52.52%	0.41%	Net Selling	Net Selling
EE	EXCELERATE ENERGY INC	United States	$1.82B	108,284,792	21.79%	76.53%	Net Selling	Net Selling
ALE	ALLETE INC	United States	$3.47B	57,578,222	76.46%	1.33%	Net Selling	Net Selling
NFE	NEW FORTRESS ENERGY INC	United States	$5.29B	205,033,557	20.05%	79.95%	Net Buying
EIX	EDISON INTERNATIONAL	United States	$27.43B	384,753,060	88.22%	0.53%	Net Selling	Net Selling
NGG	NATIONAL GRID PLC	United Kingdom	$52.76B	3,930,371,661	0.88%	0.00%
WTRG	ESSENTIAL UTILITIES INC	United States	$10.17B	273,298,409	74.72%	0.71%	Net Selling	Net Selling
AVA	AVISTA CORP	United States	$2.86B	78,188,832	85.03%	2.18%	Net Buying	Net Buying
ARIS	ARIS WATER SOLUTIONS INC	United States	$793.53M	57,795,178	36.36%	63.64%	Net Selling	Net Selling
SRE	SEMPRA	United States	$45.48B	632,149,916	89.68%	0.75%	Net Selling	Net Selling
D	DOMINION ENERGY INC	United States	$42.84B	837,443,257	73.07%	0.71%	Net Buying	Net Buying
VST	VISTRA CORP	United States	$26.74B	347,885,110	63.06%	36.94%	Net Selling	Net Selling
ED	CONSOLIDATED EDISON INC	United States	$32.75B	345,510,031	66.17%	0.41%	Net Selling	Net Selling
YORW	YORK WATER CO	United States	$517.46M	14,334,183	49.85%	21.12%	Net Buying	Net Buying
SWX	SOUTHWEST GAS HOLDINGS INC	United States	$5.34B	71,595,491	75.31%	24.69%	Net Buying	Net Selling
AGR	AVANGRID INC	United States	$14.18B	386,906,260	13.10%	82.48%	Net Selling	Net Selling
AES	AES CORP	United States	$12.91B	710,287,083	87.20%	12.80%	Net Buying	Net Selling
FTS	FORTIS INC	Canada	$19.39B	490,588,502	52.64%	0.00%
AWR	AMERICAN STATES WATER CO	United States	$2.67B	36,988,764	75.15%	2.80%	Net Buying	Net Buying
OGE	OGE ENERGY CORP	United States	$7.03B	200,547,842	71.71%	1.23%	Net Selling	Net Selling
CWT	CALIFORNIA WATER SERVICE GROUP	United States	$2.88B	57,754,106	82.49%	1.92%	Net Buying	Net Buying
FE	FIRSTENERGY CORP	United States	$22.27B	575,516,472	82.87%	0.68%	Net Selling	Net Selling
PCG	PG&E CORP	United States	$45.53B	2,614,901,996	78.05%	7.44%	Net Selling	Net Selling
PPL	PPL CORP	United States	$20.66B	737,740,859	76.83%	0.25%	Net Buying	Net Buying
BKH	BLACK HILLS CORP	United States	$3.79B	68,196,551	86.77%	1.79%	Net Buying	Net Buying
XEL	XCEL ENERGY INC	United States	$29.88B	555,639,439	78.18%	0.81%	Net Selling	Net Selling
POR	PORTLAND GENERAL ELECTRIC CO	United States	$4.53B	103,031,278	98.78%	1.22%	Net Buying	Net Buying
OGS	ONE GAS INC	United States	$3.68B	56,546,006	92.77%	2.49%	Net Buying	Net Buying
CMS	CMS ENERGY CORP	United States	$18.17B	298,635,428	94.07%	1.43%	Net Selling	Net Selling
AEP	AMERICAN ELECTRIC POWER CO INC	United States	$46.47B	527,121,759	75.03%	0.20%	Net Buying	Net Buying
EDN	EDENOR	Argentina	$773.66M	906,455,100	0.08%	0.00%
ORA	ORMAT TECHNOLOGIES INC	United States	$3.97B	60,358,887	46.60%	53.40%	Net Selling	Net Selling
PAM	PAMPA ENERGY INC	Argentina	$2.47B	1,359,641,441	0.51%	0.00%
CNP	CENTERPOINT ENERGY INC	United States	$18.76B	639,724,143	90.66%	1.21%	Net Selling	Net Selling
IDA	IDACORP INC	United States	$4.86B	50,628,079	88.99%	2.00%	Net Selling	Net Selling
AQN	ALGONQUIN POWER & UTILITIES CORP	Canada	$4.31B	689,271,039	54.05%	0.00%
NEE	NEXTERA ENERGY INC	United States	$140.96B	2,054,532,552	78.63%	0.37%	Net Selling	Net Selling
FLNC	FLUENCE ENERGY INC	United States	$3.24B	178,632,957	41.92%	58.08%	Net Selling	Net Selling
SBS	COMPANHIA DE SANEAMENTO BASICO DO ESTADO DE SAO PAULO-SABESP	Brazil	$10.68B	683,509,869	10.75%	0.00%
TAC	TRANSALTA CORP	Canada	$2.05B	306,933,951	59.11%	0.00%
DUK	DUKE ENERGY CORP	United States	$76.91B	770,811,446	65.24%	0.87%	Net Selling	Net Selling
ARTNA	ARTESIAN RESOURCES CORP	United States	$370.79M	10,288,238	57.19%	6.21%	Net Buying
NRGV	ENERGY VAULT HOLDINGS INC	United States	$183.85M	147,079,363	37.70%	62.30%	Net Selling	Net Selling
ADN	ADVENT TECHNOLOGIES HOLDINGS INC	United States	$8.07M	62,531,232	9.27%	39.30%	Net Selling
LNT	ALLIANT ENERGY CORP	United States	$12.90B	256,100,293	79.72%	0.53%	Net Selling	Net Selling
VIA	VIA RENEWABLES INC	United States	$78.94M	7,232,701	8.56%	27.24%	Net Selling
GNE	GENIE ENERGY LTD	United States	$429.83M	27,360,165	32.50%	44.60%	Net Buying	Net Buying
EXC	EXELON CORP	United States	$37.82B	999,538,542	80.78%	0.48%	Net Selling	Net Buying
ENIC	ENEL CHILE SA	Chile	$4.11B	69,166,557,220	0.06%	0.00%
SO	SOUTHERN CO	United States	$81.30B	1,091,015,113	64.11%	0.32%	Net Selling	Net Selling
UTL	UNITIL CORP	United States	$852.62M	16,163,365	76.70%	5.18%	Net Buying
AWK	AMERICAN WATER WORKS COMPANY INC	United States	$24.38B	194,822,567	86.55%	0.62%	Net Selling	Net Selling
NI	NISOURCE INC	United States	$12.58B	447,524,529	91.51%	1.61%	Net Buying	Net Buying
SR	SPIRE INC	United States	$3.57B	57,747,978	83.82%	6.28%	Net Buying	Net Buying
AMPS	ALTUS POWER INC	United States	$614.05M	159,081,159	37.31%	62.69%	Net Selling	Net Selling
NJR	NEW JERSEY RESOURCES CORP	United States	$4.33B	98,303,527	70.83%	1.95%	Net Buying	Net Selling
PCYO	PURE CYCLE CORP	United States	$229.81M	24,088,734	15.07%	84.93%	Net Buying
PNW	PINNACLE WEST CAPITAL CORP	United States	$8.50B	113,427,367	85.88%	1.06%	Net Selling	Net Selling
DTE	DTE ENERGY CO	United States	$23.04B	206,937,244	75.88%	1.35%	Net Selling	Net Selling
AEE	AMEREN CORP	United States	$19.84B	266,288,867	79.05%	1.16%	Net Selling	Net Selling
CWEN	CLEARWAY ENERGY INC	United States	$4.71B	202,080,794	50.99%	0.64%	Net Selling	Net Selling
PEG	PUBLIC SERVICE ENTERPRISE GROUP INC	United States	$34.77B	498,080,467	73.25%	0.46%	Net Buying	Net Buying
WAVE	ECO WAVE POWER GLOBAL AB (PUBL)	Sweden	$14.98M	44,394,844	0.07%	0.00%
AY	ATLANTICA SUSTAINABLE INFRASTRUCTURE PLC	United Kingdom	$3.04B	116,159,054	40.52%	0.00%
RGCO	RGC RESOURCES INC	United States	$212.82M	10,163,395	35.52%	26.00%	Net Buying	Net Buying
CPK	CHESAPEAKE UTILITIES CORP	United States	$2.38B	22,238,384	82.65%	6.15%	Net Buying	Net Buying
GWRS	GLOBAL WATER RESOURCES INC	United States	$301.47M	24,175,241	22.84%	77.16%	Net Buying	Net Selling
MSEX	MIDDLESEX WATER CO	United States	$926.73M	17,821,670	71.69%	5.38%	Net Selling	Net Selling
BEP	BROOKFIELD RENEWABLE PARTNERS LP	Bermuda	$6.69B	287,164,340	62.89%	0.00%
KEN	KENON HOLDINGS LTD	Singapore	$1.18B	52,765,845	13.67%	0.00%
NWN	NORTHWEST NATURAL HOLDING CO	United States	$1.44B	37,676,740	75.06%	1.99%	Net Selling	Net Selling
SPH	SUBURBAN PROPANE PARTNERS LP	United States	$1.27B	64,020,164	30.95%	6.55%	Net Selling	Net Selling
NRG	NRG ENERGY INC	United States	$15.32B	208,021,012	85.03%	14.97%	Net Selling	Net Selling
NWE	NORTHWESTERN ENERGY GROUP INC	United States	$3.12B	61,286,398	81.96%	18.04%	Net Buying	Net Buying
SJW	SJW GROUP	United States	$1.77B	32,234,465	75.79%	22.45%	Net Selling	Net Selling
EBR	BRAZILIAN ELECTRIC POWER CO	Brazil	$14.71B	1,977,081,146	1.16%	0.00%
WEC	WEC ENERGY GROUP INC	United States	$26.06B	315,561,510	77.13%	0.38%	Net Selling	Net Buying
PNM	PNM RESOURCES INC	United States	$3.37B	90,200,384	91.95%	2.24%	Net Selling	Net Selling
UGI	UGI CORP	United States	$5.43B	209,551,431	82.10%	1.77%	Net Selling
ELLO	ELLOMAY CAPITAL LTD	Israel	$190.99M	12,852,585	15.26%	0.00%
CREG	SMART POWERR CORP	China	$8.68M	7,963,444	0.03%	99.97%
BIP	BROOKFIELD INFRASTRUCTURE PARTNERS LP	Bermuda	$12.70B	461,343,972	57.49%	0.00%
ELP	ENERGY CO OF PARANA	Brazil	$4.22B	2,982,810,590	0.81%	0.00%
CDZI	CADIZ INC	United States	$150.89M	67,063,450	25.81%	74.19%	Net Selling	Net Buying
ES	EVERSOURCE ENERGY	United States	$21.55B	349,687,183	79.82%	0.88%	Net Selling	Net Selling
VGAS	VERDE CLEAN FUELS INC	United States	$149.75M	31,928,797	3.51%	96.49%	Net Buying	Net Buying
CEG	CONSTELLATION ENERGY CORP	United States	$58.44B	316,666,538	82.24%	0.09%	Net Selling	Net Selling
BNRG	BRENMILLER ENERGY LTD	Israel	$4.26M	2,151,745	4.58%	0.00%

Utility Industries

Industry	Stocks	1d %	1w %	1m %	1y %	P/E ratio	P/B Ratio	ROE	ROA	ROCE	Upside/Downside	Consensus
Utilities - Diversified	12	+1.60%	+1.27%	+0.73%	-7.67%	41.95x	1.59x	+10.17%	+3.28%	+6.91%	+6.84%	Buy
Utilities - Independent Power Producers	5	+1.40%	+4.74%	+3.08%	+77.54%	-8.78x	3.69x	+13.47%	+2.54%	+9.28%	-3.76%	Buy
Utilities - Regulated Electric	42	+1.00%	+0.81%	+2.05%	-8.40%	16.92x	1.67x	+11.04%	+3.00%	+5.34%	+0.73%	Buy
Utilities - Regulated Gas	15	+0.76%	-0.27%	-0.27%	-6.85%	14.93x	1.73x	+7.96%	+2.65%	+5.66%	+4.58%	Hold
Utilities - Regulated Water	14	+1.70%	+2.51%	+0.97%	-14.73%	22.14x	2.12x	+9.98%	+3.72%	+7.29%	+10.25%	Buy
Utilities - Renewable	21	+1.65%	+0.71%	+0.32%	+3.65%	30.27x	2.62x	+8.01%	+1.90%	+4.52%	+15.42%	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 66, which is 34 points higher than the utility sector average of 32. It passed 21 out of 33 due diligence checks and has strong fundamentals. Montauk Renewables has seen its stock lose -44.18% 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 103.25% from Montauk Renewables's current stock price of $3.69.

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 54.44% over the past year, overperforming other utility stocks by 60 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 21 points higher than the utility sector average of 32. It passed 18 out of 33 due diligence checks and has strong fundamentals. Opal Fuels has seen its stock lose -41.6% over the past year, underperforming other utility stocks by -36 percentage points.

Opal Fuels has an average 1 year price target of $8.67, an upside of 88.82% from Opal Fuels's current stock price of $4.59.

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 16.95%, which is 13 percentage points higher than the utility sector average of 3.9%. 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 12.04%, which is 8 percentage points higher than the utility sector average of 3.9%. 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 11.85%, which is 8 percentage points higher than the utility sector average of 3.9%. 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 1.2% in the last day, and up 1.08% 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. Central Puerto Sa (NYSE:CEPU)

Central Puerto Sa (NYSE:CEPU) is the most undervalued utility stock based on WallStreetZen's Valuation Score. Central Puerto Sa has a valuation score of 71, which is 42 points higher than the utility sector average of 29. It passed 5 out of 7 valuation due diligence checks.

Central Puerto Sa's stock has gained 74.75% in the past year. It has overperformed other stocks in the utility sector by 80 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 42 points higher than the utility sector average of 29. 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 3 percentage points.

3. Montauk Renewables (NASDAQ:MNTK)

Montauk Renewables (NASDAQ:MNTK) is the third most undervalued utility stock based on WallStreetZen's Valuation Score. Montauk Renewables has a valuation score of 71, which is 42 points higher than the utility sector average of 29. It passed 5 out of 7 valuation due diligence checks.

Montauk Renewables's stock has dropped -44.18% in the past year. It has underperformed other stocks in the utility sector by -39 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 4.27% 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 19x.

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.