| Stock | Price | 52 Week Range | Marketcap | EPS | Dividend Yield | Chart (24H) | Sector | Employees | Last Updated |
|---|---|---|---|---|---|---|---|---|---|
| $57.49 | 4.17B | 3.92 | 4.71% | Utilities | 2,874 | 1 minute ago | |||
| $134.78 | 27.97B | 7.46 | 3.26% | Utilities | 9,412 | 2 seconds ago | |||
| $80.60 | 40.22B | 3.65 | 3.16% | Utilities | 12,543 | 2 seconds ago | |||
| $36.05 | 23.53B | 1.47 | 2.41% | Utilities | 8,827 | 2 seconds ago | |||
| $71.38 | 69.97B | 4.05 | 4.32% | Utilities | 31,425 | 2 seconds ago |
In a world of fluctuating markets and economic unpredictability, finding stable investment opportunities is more crucial than ever. Diversified utilities stocks, which offer the double lure of stable and often growing dividends, have emerged as a beacon for those seeking lower-risk, income-generating assets. Recently, several such stocks have improved their ratings according to the Portfolio Grader system, elevating them to the status of “strong buys.” Let’s dive into the top five diversified utilities stocks poised for significant returns.
Editor's Note: Analysis and insight for this article were originally sourced from our friends at InvestorPlace
Black Hills Corporation (NYSE: BKH)
Black Hills Corporation (BKH): Surge Ahead with Impressive Earnings Momentum!
One of the standout entries in this list is Black Hills Corporation, which has earned an upgrade from a “B” to an “A” rating, marking it as a formidable strong buy. Why the bullish outlook? It comes down to impressive earnings momentum and remarkable margin growth, signaling robust financial health and sustained profitability.
Black Hills isn’t just about electric and gas utilities. The company’s involvement in non-regulated energy sectors such as oil, gas, and power generation provides a diversified revenue stream. High ratings in subcategories like earnings momentum and margin growth underscore its potential for future growth. This broad-based approach ensures that investors aren’t putting all their eggs in one basket. Such diversified ventures are emblematic of a company positioning itself for long-term success.
Analyst Ratings and Forecast
| Category | Value |
| Consensus Rating | Overweight |
| Average Price Target | $73.50 |
| Potential Gain | 12.1% |
| Number of Ratings | 7 |
Summary of Analysts’ Outlook: Analysts have a positive outlook on Black Hills Corporation, with a consensus rating of Overweight. The average price target suggests a potential gain of 12.1% from the current price. Most analysts believe that the company’s strong financial performance, stable cash flows, and growth opportunities in the utility sector will drive its stock price higher.
For more information, see Portfolio Grader’s complete analysis of BKH stock.
DTE Energy (NYSE: DTE)
DTE Energy (DTE): Steady Revenue and a Juicy Dividend Yield
DTE Energy, another strong contender, has seen its rating leap from “B” to “A”. This energy giant provides electricity and natural gas services to southeastern Michigan, reinforcing its stable revenue streams from essential services. But it doesn’t stop there; a 2.6% dividend yield sweetens the deal, making it an appealing option for income-focused investors.
What makes DTE Energy exceptional is its dual advantage of income generation and growth potential. The recent upgrade signals robust financial stability and promising future prospects. For people looking for a mix of stability and profitability, DTE Energy stands out as a compelling choice. The company has consistently provided essential services, proving its mettle as a stalwart in challenging times.
Analyst Ratings and Forecast
| Metric | Value |
| Consensus Rating | Overweight |
| Average Price Target | $142.15 |
| Potential Gain | 12.1% |
| Number of Ratings | 12 |
Summary of Analysts’ Outlook: Analysts have a positive outlook on DTE Energy, with a consensus rating of Overweight. The average price target suggests a potential gain of 12.1% from the current stock price. Most analysts believe that DTE’s strong operational performance, solid financial position, and growth initiatives will drive long-term value for shareholders.
For more information, see Portfolio Grader’s complete analysis of DTE stock.
Public Service Enterprise Group (NYSE: PEG)
Public Service Enterprise Group (PEG): The Under-the-Radar Utility Champion!
Next up, the Public Service Enterprise Group, which has moved from a “C” (hold) to a “B” (buy). As a public utility holding company, this rating upgrade suggests not just better business performance but also increased investor confidence.
The company’s role within the utility sector provides stable income from necessary services, making it a safer bet in volatile markets. What’s changed? The upgrade points to improved operational efficiency and anticipated profitability, making it a more attractive prospect for conservative investors. This marks a significant turnaround for PEG, highlighting it as an under-the-radar gem.
Analyst Ratings and Forecast
| Category | Data |
| Consensus Rating | Overweight |
| Average Price Target | $63.44 |
| Potential Gain | 12.1% |
| Number of Ratings | 12 |
Summary of Analysts’ Outlook: Analysts have a positive outlook on Public Service Enterprise Group, with a consensus rating of Overweight. The average price target of $63.44 suggests a potential gain of 12.1% from the current price. The majority of analysts recommend buying or holding the stock, citing the company’s strong operational performance, dividend yield, and growth prospects.
For more information, see Portfolio Grader’s complete analysis of PEG stock.
CenterPoint Energy (NYSE: CNP)
CenterPoint Energy (CNP): Diversified Operations Fueling Future Growth!
CenterPoint Energy is a public utility holding company that has seen its rating rise from a “C” to a “B”. This improvement hints at better fundamentals and more promising future prospects for the company.
What sets CenterPoint apart is its diversified operations, including electric transmission and distribution alongside natural gas gathering, processing, and treating. This operational diversity contributes to its financial stability and growth trajectory. Investors looking for a solid mix of stability and future potential will find CenterPoint Energy an attractive investment opportunity. With its rating upgrade, CenterPoint Energy is well-positioned to capitalize on market opportunities.
Analyst Ratings and Forecast
| Metric | Value |
| Consensus Rating | Overweight |
| Average Price Target | $33.44 |
| Potential Gain | 14.1% |
| Number of Ratings | 12 |
Summary of Analysts’ Outlook: Analysts have a positive outlook on CenterPoint Energy, with a consensus overweight rating and an average price target of $33.44, indicating a potential gain of 14.1% from the current price. This suggests that analysts expect the stock to outperform the market in the near future.
For more information, see Portfolio Grader’s complete analysis of CNP stock.
National Grid (NYSE: NGG)
National Grid (NGG): Capture a High 4% Dividend Yield with Strategic Appeal!
Last but certainly not least, National Grid has advanced from a “C” to “B” rating. Operating crucial electricity and gas transmission networks in both the UK and the US, National Grid guarantees consistent demand and revenue streams.
With its 4% dividend yield, National Grid is indeed a standout feature for those seeking continual income. Higher than many of its peers, this dividend yield makes National Grid especially appealing to income investors. The rating upgrade underscores improved business performance and financial health, making it a solid pick for those aiming to balance security and income prospects. National Grid’s strategic importance in energy infrastructure cannot be overstated, offering investors a blend of reliability and growth.
Analyst Ratings and Forecast
| Metric | Value |
| Consensus Rating | Overweight |
| Average Price Target | $64.19 |
| Potential Gain | 14.1% |
| Number of Ratings | 12 |
Summary of Analysts’ Outlook: Analysts have a positive outlook on National Grid plc, with a consensus rating of Overweight. The average price target of $64.19 suggests a potential gain of 14.1% from the current price. The majority of analysts believe the company’s strong dividend yield, solid financial performance, and growth opportunities in the UK and US markets will drive its stock price higher.
For more information, see Portfolio Grader’s complete analysis of NGG stock.
Louis Navellier’s proprietary Portfolio Grader stock ranking system assesses roughly 5,000 companies every week based on a number of fundamental and quantitative measures. Stocks are given a letter grade based on their results — with “A” being “strong buy,” and “F” being “strong sell.” Explore the tool here.
By exploring these upgraded utilities stocks, investors can leverage the stability of essential services and the potential for capital appreciation. Whether you are seeking solid dividend yields or diversified growth, these companies offer a balanced mix, promising reliable returns in these uncertain times. These are the stocks worth adding to any diversified portfolio today!
