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Utilities Stocks — Electric, Gas, Water, Renewables
The Utilities sector contains companies that provide essential services like electricity, gas, and water. Main sub-sectors include electric utilities, gas utilities, and multi-utilities. Examples of utility companies include NextEra Energy, Southern Company, and Sempra Energy.
Why invest
Canadian investors may seek exposure to the Utilities sector for diversification benefits, as these stocks tend to be less correlated with other sectors. A favorable macro thesis, such as increasing demand for renewable energy, can also drive investment decisions.
How to choose
Canadian investors should consider balance-sheet quality and competitive moat when picking utility stocks. A strong balance sheet can indicate financial stability, while a competitive moat can provide a defensive position against market fluctuations.
Tax considerations
For Canadian investors in Utilities stocks, a non-registered account is tax-optimal due to the Canadian dividend tax credit, which applies to eligible dividends received in this type of account. This credit can help reduce the tax liability on dividend income from Canadian utility companies.
Popular stocks
NextEra Energy (NEE) — operates a large portfolio of electric power generation and transmission facilities across North America. Southern Company (SO) — generates and distributes electricity to millions of customers in the southeastern United States through its regulated utilities.
Best account
Non-registered — Fortis, Emera and Hydro One pay stable eligible Canadian dividends — the dividend tax credit makes them efficient in a taxable account.
What are the best utilities stocks listed in Canada?
The Utilities sector in Canada comprises a range of companies involved in the generation, transmission, and distribution of electricity, gas, and water. Some of the prominent utilities stocks listed in Canada are those of companies with a strong presence in the energy sector.
How does Canadian vs U.S. dividend taxation compare in this sector?
For Canadian investors in the Utilities sector, dividend taxation differs between Canadian and U.S. stocks. In a non-registered account, Canadian eligible dividends from utilities companies qualify for the dividend tax credit, reducing the tax burden. In contrast, U.S.
Is it better to buy individual stocks or a sector ETF for this sector?
For Canadian investors, the Utilities sector offers a range of options, including individual stocks and sector-specific ETFs. Buying individual stocks can provide exposure to specific companies, such as those focused on renewable energy or traditional utilities.
Utilities Stocks — Electric, Gas, Water, Renewables
The Utilities sector contains companies that provide essential services like electricity, gas, and water. Main sub-sectors include electric utilities, gas utilities, and multi-utilities. Examples of utility companies include NextEra Energy, Southern Company, and Sempra Energy.
Why invest
Canadian investors may seek exposure to the Utilities sector for diversification benefits, as these stocks tend to be less correlated with other sectors. A favorable macro thesis, such as increasing demand for renewable energy, can also drive investment decisions.
How to choose
Canadian investors should consider balance-sheet quality and competitive moat when picking utility stocks. A strong balance sheet can indicate financial stability, while a competitive moat can provide a defensive position against market fluctuations.
Tax considerations
For Canadian investors in Utilities stocks, a non-registered account is tax-optimal due to the Canadian dividend tax credit, which applies to eligible dividends received in this type of account. This credit can help reduce the tax liability on dividend income from Canadian utility companies.
Popular stocks
NextEra Energy (NEE) — operates a large portfolio of electric power generation and transmission facilities across North America. Southern Company (SO) — generates and distributes electricity to millions of customers in the southeastern United States through its regulated utilities.
Best account
Non-registered — Fortis, Emera and Hydro One pay stable eligible Canadian dividends — the dividend tax credit makes them efficient in a taxable account.
What are the best utilities stocks listed in Canada?
The Utilities sector in Canada comprises a range of companies involved in the generation, transmission, and distribution of electricity, gas, and water. Some of the prominent utilities stocks listed in Canada are those of companies with a strong presence in the energy sector.
How does Canadian vs U.S. dividend taxation compare in this sector?
For Canadian investors in the Utilities sector, dividend taxation differs between Canadian and U.S. stocks. In a non-registered account, Canadian eligible dividends from utilities companies qualify for the dividend tax credit, reducing the tax burden. In contrast, U.S.
Is it better to buy individual stocks or a sector ETF for this sector?
For Canadian investors, the Utilities sector offers a range of options, including individual stocks and sector-specific ETFs. Buying individual stocks can provide exposure to specific companies, such as those focused on renewable energy or traditional utilities.
ETFs | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
NE NEE NextEra Energy, Inc. | Utilities | NYSE | +276 | $185.2B | US$88.80 | +34.6% | 22.42 | 2.82% | 0.67 | |
SO SO The Southern Company | Utilities | NYSE | +215 | $107.4B | US$95.30 | +7.8% | 25.06 | 3.10% | 0.33 | |
DU DUK Duke Energy Corporation | Utilities | NYSE | +229 | $97.5B | US$125.01 | +11.0% | 19.91 | 3.29% | 0.37 | |
CE CEG Constellation Energy Corporation | Utilities | NASDAQ | +198 | $90.1B | US$252.39 | -4.6% | 20.79 | 0.71% | 1.12 | |
NG NGG National Grid plc | Utilities | NYSE | +8 | $83.6B | US$83.99 | +21.4% | 19.18 | 3.91% | 0.60 | |
AE AEP American Electric Power Company, Inc. | Utilities | NASDAQ | +204 | $71.9B | US$132.14 | +31.5% | 20.49 | 2.74% | 0.50 | |
D D Dominion Energy, Inc. | Utilities | NYSE | +197 | $62.5B | US$71.04 | +25.2% | 20.58 | 3.83% | 0.64 | |
SR SRE Sempra | Utilities | NYSE | +199 | $60.3B | US$92.25 | +21.5% | 31.65 | 2.83% | 0.57 | |
ET ETR Entergy Corporation | Utilities | NYSE | +229 | $52.8B | US$113.24 | +39.2% | 29.29 | 2.22% | 0.49 | |
VS VST Vistra Corp. | Utilities | NYSE | +226 | $52.4B | US$155.44 | -4.2% | 25.26 | 0.61% | 1.41 | |
XE XEL Xcel Energy Inc. | Utilities | NASDAQ | +211 | $49.2B | US$78.77 | +20.1% | 23.62 | 2.89% | 0.41 | |
EX EXC Exelon Corporation | Utilities | NASDAQ | +177 | $47.3B | US$46.26 | +8.2% | 17.54 | 3.51% | 0.41 | |
FT FTS.TO Fortis Inc. | Utilities | TSX | +55 | $42.0B | $82.42 | +21.1% | 24.15 | 3.10% | 0.43 | |
ED ED Consolidated Edison, Inc. | Utilities | NYSE | +174 | $41.4B | US$112.37 | +7.1% | 19.22 | 3.05% | 0.26 | |
PE PEG Public Service Enterprise Group Incorporated | Utilities | NYSE | +193 | $39.2B | US$78.64 | +3.2% | 18.06 | 3.28% | 0.53 | |
PC PCG PG&E Corporation | Utilities | NYSE | +194 | $38.1B | US$17.32 | -2.4% | 13.22 | 1.17% | 0.27 | |
WE WEC WEC Energy Group, Inc. | Utilities | NYSE | +212 | $36.9B | US$113.35 | +8.2% | 23.81 | 3.21% | 0.46 | |
H H.TO Hydro One Limited | Utilities | TSX | +62 | $35.9B | $59.79 | +20.1% | 25.86 | 2.40% | 0.40 | |
AE AEE Ameren Corporation | Utilities | NYSE | +174 | $30.9B | US$111.55 | +18.7% | 20.69 | 2.61% | 0.48 | |
DT DTE DTE Energy Company | Utilities | NYSE | +198 | $30.8B | US$148.19 | +9.7% | 25.30 | 3.02% | 0.38 | |
FT FTS Fortis Inc. | Utilities | NYSE | +55 | $29.9B | US$58.78 | +18.7% | 24.26 | 3.17% | 0.43 | |
EI EIX Edison International | Utilities | NYSE | +170 | $29.9B | US$77.63 | +32.6% | 8.22 | 4.64% | 0.65 | |
AT ATO Atmos Energy Corporation | Utilities | NYSE | +176 | $29.7B | US$177.68 | +15.8% | 21.78 | 2.26% | 0.60 | |
CN CNP CenterPoint Energy, Inc. | Utilities | NYSE | +192 | $28.2B | US$43.13 | +15.7% | 27.37 | 2.06% | 0.45 | |
FE FE FirstEnergy Corp. | Utilities | NYSE | +193 | $28.1B | US$48.53 | +13.5% | 26.37 | 3.83% | 0.45 | |
ES ES Eversource Energy | Utilities | NYSE | +162 | $28.1B | US$74.62 | +12.2% | 15.94 | 4.23% | 0.71 | |
NR NRG NRG Energy, Inc. | Utilities | NYSE | +179 | $27.2B | US$129.11 | -11.7% | 148.59 | 1.39% | 1.20 | |
PP PPL PPL Corporation | Utilities | NYSE | +200 | $27.0B | US$35.85 | +7.6% | 22.63 | 3.09% | 0.59 | |
AW AWK American Water Works Company, Inc. | Utilities | NYSE | +148 | $26.4B | US$135.11 | -11.0% | 24.27 | 2.62% | 0.60 | |
EM EMA.TO Emera Incorporated | Utilities | TSX | +45 | $23.6B | $77.18 | +22.9% | 23.05 | 3.88% | 0.45 | |
CM CMS CMS Energy Corporation | Utilities | NYSE | +207 | $22.8B | US$73.65 | +9.3% | 21.53 | 2.93% | 0.34 | |
NI NI NiSource Inc. | Utilities | NYSE | +193 | $22.0B | US$45.98 | +24.7% | 23.79 | 2.51% | 0.54 | |
AX AXIA^C AXIA Energia SA | Utilities | NYSE | — | $21.8B | US$9.70 | — | 11.88 | — | 0.23 | |
SB SBS Companhia de Saneamento Básico do Estado de São Paulo - SABESP | Utilities | NYSE | $20.2B | US$5.75 | -73.5% | 11.73 | 0.58% | 0.09 | ||
EV EVRG Evergy, Inc. | Utilities | NASDAQ | +209 | $19.7B | US$85.59 | +30.7% | 23.44 | 3.15% | 0.52 | |
AX AXIA AXIA Energia SA | Utilities | NYSE | +15 | $19.3B | US$9.79 | +55.7% | 12.21 | 5.09% | 0.23 | |
LN LNT Alliant Energy Corporation | Utilities | NASDAQ | +142 | $19.3B | US$74.82 | +22.0% | 24.54 | 2.67% | 0.54 | |
BI BIP Brookfield Infrastructure Partners L.P. | Utilities | NYSE | — | $18.0B | US$39.26 | +24.2% | 56.08 | 4.92% | 1.04 | |
TL TLN Talen Energy Corporation | Utilities | NASDAQ | +55 | $17.8B | US$372.37 | +52.8% | — | — | 1.62 | |
DU DUK^A Duke Energy Corporation | Utilities | NYSE | — | $17.6B | US$24.73 | — | 5.19 | 5.81% | 0.37 | |
EM EMA Emera Incorporated | Utilities | NYSE | +45 | $16.9B | US$55.11 | +18.6% | 23.25 | 3.96% | 0.45 | |
KE KEP Korea Electric Power Corporation | Utilities | NYSE | +16 | $14.6B | US$11.37 | +15.3% | 2.83 | 4.18% | 0.79 | |
PN PNW Pinnacle West Capital Corporation | Utilities | NYSE | +109 | $13.1B | US$107.73 | +16.1% | 20.40 | 3.33% | 0.42 | |
EN ENLT Enlight Renewable Energy Ltd | Utilities | NASDAQ | — | $12.7B | US$90.81 | +413.3% | 205.51 | — | 0.91 | |
CU CU.TO Canadian Utilities Limited | Utilities | TSX | $11.3B | $54.83 | +36.7% | 525.00 | 3.50% | 0.59 | ||
WT WTRG Essential Utilities, Inc. | Utilities | NYSE | +79 | $11.3B | US$39.69 | -1.0% | 20.09 | 3.48% | 0.64 | |
CP CPX.TO Capital Power Corporation | Utilities | TSX | $11.2B | $71.46 | +24.2% | — | 3.75% | 0.41 | ||
AE AES The AES Corporation | Utilities | NYSE | +155 | $10.5B | US$14.77 | +52.3% | 7.59 | 4.83% | 0.94 | |
OG OGE OGE Energy Corp. | Utilities | NYSE | +107 | $10.1B | US$48.70 | +13.3% | 21.97 | 3.44% | 0.52 | |
BE BEP Brookfield Renewable Partners L.P. | Utilities | NYSE | — | $9.6B | US$31.76 | +54.0% | — | 4.63% | 1.00 |