tiprankstipranks
5 Top Utility Stocks to Invest in Now, According to Analysts – July 2023
Stock Analysis & Ideas

5 Top Utility Stocks to Invest in Now, According to Analysts – July 2023

Story Highlights

Companies such as NextEra, Telus, Energy Transfer, Vistra Energy, and Brookfield Renewable are considered defensive stocks that can often provide steady returns in any market situation. These five stocks are loved by analysts.

Investing in utility stocks is likely a prudent choice amid the current volatile stock market environment. These defensive investment options are considered safe due to the consistent demand for essential services, regardless of economic conditions. Moreover, their steady dividend distributions make them attractive to investors.

Pick the best stocks and maximize your portfolio:

To help investors choose the best utility stocks, we have used the TipRanks Stock Screener tool. Using this tool, we shortlisted stocks that have Strong Buy ratings from analysts, a dividend yield of more than 2.5%, and price targets from analysts that reflect upside potential of more than 20%. Finally, these stocks have an Outperform Smart Score (i.e., 8, 9, or 10) on TipRanks, indicating a relatively high chance to outperform the broader market. 

Here are the five key stocks from the utility sector that investors can consider.

Disclosure

Related Articles
TheFlyEnergy Transfer LP price target raised to $23 from $20 at RBC Capital
TheFlySunoco LP price target raised to $64 from $63 at RBC Capital
TipRanks Auto-Generated NewsdeskEnergy Transfer to Present at New York Conferences
Go Ad-Free with Our App