Tessera Sector
Top Utilities Stocks
Electric, gas, and water utilities. Regulated returns, high capex, and dividend-led total returns characterize the sector.
The Utilities sector posts an average Tessera Quality Score of 58 against a broader universe average of 48, placing it meaningfully above the cross-sector baseline. With 60 qualifying members, the sector offers reasonable breadth, though the score distribution across those names reflects the typically stable but undifferentiated operating profiles common to regulated and quasi-regulated infrastructure businesses.
Valuation context adds nuance to the quality picture. The sector's median P/E of 18.3 sits at a level consistent with the defensive premium utilities have historically carried, though it leaves limited room for error if earnings trajectories soften. Among the top-ranked names by Tessera score, SPH leads the group at 0.33, followed by SWX at 0.27 and UGI at 0.25. These scores are relatively compressed in absolute terms, suggesting that even the sector's stronger performers clear the quality bar by a measured margin rather than a wide one — a pattern that reflects the capital-intensive, low-growth nature of the businesses rather than any structural weakness in individual names.
Taken together, the Utilities sector's average quality score of 58 positions it above the broader universe median of 48, indicating that as a group, utilities screen more consistently on Tessera's quality criteria than the average stock across all sectors covered.
| Ticker | Company | Industry | Score | Mkt Cap | P/E |
|---|---|---|---|---|---|
| SPH | Suburban Propane Partners, L.P. | Regulated Gas | 67 | $1.2B | 0.0 |
| SWX | Southwest Gas Holdings, Inc. | Regulated Gas | 64 | $6.6B | 14.3 |
| UGI | UGI Corporation | Regulated Gas | 63 | $7.9B | 12.9 |
| RGCO | RGC Resources, Inc. | Regulated Gas | 62 | $249M | 17.9 |
| XIFR | XPLR Infrastructure, LP | Independent Power Producers | 62 | $1.1B | 10.9 |
| EIX | Edison International | Regulated Electric | 62 | $29.7B | 8.4 |
| RNW | ReNew Energy Global Plc | Renewable Utilities | 62 | $2.2B | 21.5 |
| PNW | Pinnacle West Capital Corporation | Regulated Electric | 60 | $12.9B | 19.8 |
| BEP | Brookfield Renewable Partners L.P. | Renewable Utilities | 60 | $9.7B | 53.4 |
| NI | NiSource Inc | Regulated Gas | 60 | $21.8B | 22.6 |
| CIG-C | Companhia Energética de Minas Gerais | Regulated Electric | 60 | $9.0B | 9.4 |
| PPL | PPL Corporation | Regulated Electric | 59 | $26.7B | 21.6 |
| ENLT | Enlight Renewable Energy Ltd | Renewable Utilities | 59 | $12.4B | 134.0 |
| WTRG | Essential Utilities, Inc. | Regulated Water | 59 | $11.2B | 20.0 |
| EMA | Emera Incorporated | Regulated Electric | 58 | $16.6B | — |
| PAM | Pampa Energía S.A. | Regulated Electric | 58 | $4.6B | 9.9 |
| CIG | Companhia Energética de Minas Gerais | Regulated Electric | 58 | $6.2B | 6.4 |
| SR | Spire Inc. | Regulated Gas | 57 | $4.8B | 14.3 |
| EDN | Empresa Distribuidora y Comercializadora Norte Sociedad Anónima | Regulated Electric | 57 | $1.1B | 4.5 |
| AES | The AES Corporation | Independent Power Producers | 57 | $10.6B | 7.9 |
| ELPC | Companhia Paranaense de Energia | Regulated Electric | 57 | $2.2B | 4.0 |
| AEP | American Electric Power Company, Inc. | Regulated Electric | 56 | $71.3B | 19.4 |
| ATO | Atmos Energy Corporation | Regulated Gas | 56 | $29.6B | 21.8 |
| PCG | PG&E Corporation | Regulated Electric | 56 | $38.4B | 13.6 |
| HE | Hawaiian Electric Industries, Inc. | Diversified Utilities | 56 | $2.3B | 17.9 |
| ES | Eversource Energy | Regulated Electric | 56 | $27.8B | 15.8 |
| OTTR | Otter Tail Corporation | Diversified Utilities | 56 | $3.8B | 13.7 |
| LNT | Alliant Energy Corporation | Regulated Electric | 55 | $19.1B | 23.2 |
| NEE | NextEra Energy, Inc. | Regulated Electric | 55 | $183.5B | 22.4 |
| AEE | Ameren Corporation | Regulated Electric | 55 | $30.6B | 19.9 |