Utility stocks with the lowest PE ratio

Ranked

67

of 86 utility stocks we cover

Median

20.8×

Lowest

5.7×

AES

Range

5.7× to 66.1×

#	Company	PE	PE vs its 10 years	Revenue growth (TTM)	Market cap
1	AESAES, Renewable Utilities	5.7×	5th pct	+8.5%	$10.7B
2	EIXEdison International, Regulated Electric	5.9×	2nd pct	+10.7%	$22.1B
3	HEHawaiian Electric Industries, Regulated Electric	6.5×	6th pct	+5.1%	$1.5B
4	PCGPG&E, Regulated Electric	9.2×	1st pct	+5.7%	$33.8B
5	SRSpire, Regulated Gas	9.5×	4th pct	+10.7%	$5B
6	NFGNational Fuel Gas, Regulated Gas	11.2×	25th pct	n/m	$7.7B
7	UGIUGI, Diversified Utilities	12.9×	33rd pct	−0.5%	$8.3B
8	AVAAvista, Regulated Electric	13.6×	2nd pct	−1.8%	$3.2B
9	XIFRXPLR Infrastructure, Regulated Electric	14.6×	n/a	−2.8%	$892.8M
10	NJRNew Jersey Resources, Regulated Gas	14.7×	12th pct	+6.4%	$5.4B
11	NEENextEra Energy, Regulated Electric	14.8×	8th pct	+9.6%	$171.2B
12	ARTNAArtesian Resources, Regulated Water	14.9×	6th pct	+5.9%	$352.2M
13	HDRNHadron Energy, Regulated Electric	15.0×	n/a	n/m	$53.6M
14	EXCExelon, Regulated Electric	16.2×	49th pct	+6.6%	$45.9B
15	NWNNorthwest Natural, Regulated Gas	16.6×	27th pct	+4.4%	$2.1B
16	OGSONE Gas, Regulated Gas	16.8×	9th pct	−0.8%	$4.9B
17	ESEversource Energy, Regulated Electric	17.5×	11th pct	+7.8%	$25.4B
18	UTLUnitil, Regulated Electric	17.5×	15th pct	+20.8%	$1B
19	PCYOPure Cycle, Regulated Water	17.7×	11th pct	+22.9%	$259.8M
20	GNEGenie Energy, Regulated Electric	17.8×	47th pct	+10.0%	$439.8M
21	PEGPublic Service Enterprise, Regulated Electric	17.9×	44th pct	+12.7%	$35.9B
22	MGEEMGE Energy, Diversified Utilities	18.1×	1st pct	+7.1%	$2.8B
23	DUKDuke Energy, Regulated Electric	18.8×	17th pct	+6.3%	$97.4B
24	EDConsolidated Edison, Regulated Electric	19.0×	49th pct	+9.5%	$42.8B
25	AEEAmeren, Regulated Electric	19.0×	15th pct	+3.8%	$29.9B
26	OTTROtter Tail, Regulated Electric	19.5×	64th pct	+0.3%	$3.8B
27	PORPortland General Electric, Regulated Electric	19.6×	48th pct	+1.3%	$5.2B
28	YORWYork Water, Regulated Water	19.8×	1st pct	+9.4%	$516.4M
29	BKHBlack Hills, Regulated Electric	20.1×	79th pct	+2.5%	$6.1B
30	MDUMDU Resources, Regulated Gas	20.2×	91st pct	−1.1%	$4B
31	PNWPinnacle West Capital, Regulated Electric	20.3×	82nd pct	+5.7%	$12.8B
32	ATOAtmos Energy, Regulated Gas	20.5×	47th pct	n/m	$29.1B
33	PPLPPL, Regulated Electric	20.7×	52nd pct	+6.7%	$26.3B
34	HTOH2O America, Regulated Water	20.8×	32nd pct	+5.0%	$2.5B
35	DTEDTE Energy, Regulated Electric	20.8×	85th pct	+15.9%	$27.4B
36	CMSCMS Energy, Regulated Electric	20.9×	35th pct	+9.9%	$21.8B
37	OGEOGE Energy, Regulated Electric	21.2×	90th pct	+0.6%	$10B
38	XELXcel Energy, Regulated Electric	21.4×	47th pct	+4.7%	$48.8B
39	EVRGEvergy, Regulated Electric	21.4×	61st pct	+3.6%	$19.5B
40	WECWEC Energy, Regulated Electric	21.5×	47th pct	+8.9%	$36.2B
41	MSEXMiddlesex Water, Regulated Water	21.6×	4th pct	+5.3%	$1.1B
42	CWTCalifornia Water Service, Regulated Water	21.6×	23rd pct	n/m	$3B
43	WTRGEssential Utilities, Regulated Water	22.0×	32nd pct	+9.9%	$12.2B
44	LNTAlliant Energy, Regulated Electric	22.0×	60th pct	+6.8%	$18.1B
45	EEExcelerate Energy, Regulated Gas	22.3×	60th pct	+49.0%	n/m
46	AEPAmerican Electric Power, Regulated Electric	22.4×	83rd pct	+10.3%	$70.6B
47	SOSouthern, Regulated Electric	22.4×	59th pct	+6.4%	$106.9B
48	DDominion Energy, Regulated Electric	22.7×	45th pct	+19.0%	$57.3B
49	NINiSource, Regulated Gas	22.9×	48th pct	+12.3%	$20.8B
50	IDAIdacorp, Regulated Electric	23.3×	86th pct	−0.4%	$8.1B
51	AWRAmerican States Water, Regulated Water	23.4×	14th pct	+13.2%	$3.4B
52	VSTVistra, Independent Power Producers	23.7×	49th pct	+3.8%	$47B
53	CNPCenterPoint Energy, Regulated Electric	24.2×	71st pct	+7.1%	$27.1B
54	SRESempra, Diversified Utilities	24.4×	70th pct	+1.6%	$55B
55	NRGNRG Energy, Independent Power Producers	24.4×	70th pct	+12.8%	$19.4B
56	FEFirstEnergy, Regulated Electric	24.5×	60th pct	+12.6%	$26.7B
57	CEGConstellation Energy, Independent Power Producers	24.7×	21st pct	+26.0%	$89.8B
58	AWKAmerican Water Works, Regulated Water	24.7×	24th pct	+6.9%	$28.4B
59	ONENONE Nuclear Energy, Regulated Electric	26.6×	n/a	n/m	$34.6M
60	ETREntergy, Regulated Electric	27.5×	79th pct	+9.5%	$50.1B
61	NWENorthWestern Energy, Regulated Electric	28.0×	99th pct	+10.7%	$4.8B
62	CWCOConsolidated Water, Regulated Water	28.1×	41st pct	−1.2%	$445M
63	TXNMTXNM Energy, Regulated Electric	32.4×	63rd pct	+10.0%	$6B
64	MNTKMontauk Renewables, Diversified Utilities	35.5×	21st pct	+4.3%	$303.2M
65	ORAOrmat Technologies, Regulated Electric	42.7×	53rd pct	+31.1%	$5.4B
66	PLMKPlum Acquisition Corp, IV, Regulated Electric	48.3×	n/a	n/m	$113.8M
67	GWRSGlobal Water Resources, Regulated Water	66.1×	58th pct	+10.8%	$228.3M

Not ranked: 12 with a loss over the last year, 2 with a quarter missing, 2 with not a meaningful number. 3 companies whose data behind this number has a caveat are left out until it is checked.

A ranking of numbers, not a recommendation. A low multiple can be a bargain or a business in trouble: open the company to see which.