Utility stocks are known to be stable investments for plenty of reasons. The demand for utility services remains more or less the same even during a recession. Moreover, the prices they charge for their services are regulated, ensuring steady earnings as well. These are good enough reasons to trust these stocks during uncertain times. Let’s take a look at the 10 best performing utilities stocks in 2022.
Ten Best Performing Utilities Stocks In 2022
We have used the year-to-date return (as of Dec. 30, 2022) of utilities to develop this list of the 10 best performing utilities stocks in 2022. We have only considered companies with a market capitalization of more than $10 billion for our list of the 10 best performing utilities stocks in 2022. Here are the 10 best performing utilities stocks in 2022:
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Xcel Energy (5%)
Founded in 1909 and headquartered in Minneapolis, Minn., this company generates, buys, transmits, distributes and sells electricity. Xcel Energy Inc (NASDAQ:XEL) shares are up by almost 11% in the last three months and up over 2% in the last month.
As of this writing, Xcel Energy shares are trading above $70 with a 52-week range of $56.89 to $77.66, giving the company a market capitalization of more than $38 billion.
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Southern Co. (5%)
Founded in 1945 and headquartered in Atlanta, Ga., this company generates and sells electricity. Southern Co (NYSE:SO) shares are up by almost 6% in the last three months and up almost 7% in the last month.
As of this writing, Southern Co. shares are trading above $71 with a 52-week range of $60.71 to $80.57, giving the company a market cap of more than $78 billion.
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American Electric Power (8%)
Founded in 1906 and headquartered in Columbus, Ohio, this company generates, transmits, and distributes electricity. American Electric Power Company Inc (NASDAQ:AEP) shares are up by almost 11% in the last three months and up almost 1% in the last month.
As of this writing, American Electric Power shares are trading above $95 with a 52-week range of $80.30 to $105.60, giving the company a market cap of more than $49 billion.
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CenterPoint Energy (9%)
Founded in 1866 and headquartered in Houston, Texas, this company is in the business of power generation and distribution. CenterPoint Energy Inc (NYSE:CNP) shares are up by over 7% in the last three months but are down by over 1% in the last month.
As of this writing, CenterPoint Energy shares are trading above $30 with a 52-week range of $25.03 to $33.50, giving the company a market cap of more than $19 billion.
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Atmos Energy (9%)
Founded in 1983 and headquartered in Dallas, Texas, this company offers natural gas services. Atmos Energy Corporation (NYSE:ATO) shares are up by over 11% in the last three months but are down by almost 3% in the last month.
As of this writing, Atmos Energy shares are trading above $113 with a 52-week range of $97.71 to $122.96, giving the company a market capitalization of more than $16 billion.
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Consolidated Edison (13%)
Founded in 1823 and headquartered in New York City, this company is in the business of regulated electric, gas, and steam delivery. Consolidated Edison, Inc. (NYSE:ED) shares are up by over 12% in the last three months but are down by over 1% in the last month.
As of this writing, Consolidated Edison shares are trading above $96 with a 52-week range of $78.10 to $102.21, giving the company a market capitalization of more than $34 billion.
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Sempra (18%)
Founded in 1996 and headquartered in San Diego, Calif., Sempra develops and operates energy infrastructure and offers electric and gas services. Sempra Energy (NYSE:SRE) shares are up by almost 4% in the last three months but are down by over 6% in the last month.
As of this writing, Sempra shares are trading above $155 with a 52-week range of $129.69 to $176.47, giving the company a market cap of more than $49 billion.
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AES (19%)
Founded in 1981 and headquartered in Arlington, Va, this company offers power generation and utility services. AES Corp (NYSE:AES) shares are up by over 26% in the last three months but are down by almost 1% in the last month.
As of this writing, AES shares are trading above $28 with a 52-week range of $18.62 to $29.89, giving the company a market cap of more than $19 billion.
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PG&E (35%)
Founded in 1995 and headquartered in San Francisco, this company generates and sells electricity and natural gas. PG&E Corporation (NYSE:PCG) shares are up by almost 30% in the last three months and up over 3% in the last month.
As of this writing, PG&E shares are trading above $16 with a 52-week range of $9.64 to $16.49, giving the company a market cap of more than $32 billion.
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Constellation Energy (107%)
Founded in 1816 and headquartered in Baltimore, Md., this company generates and sells clean energy electricity, as well as renewable energy products and solutions. Constellation Energy Corp (NASDAQ:CEG) shares are up by almost 3% in the last three months but are down by almost 7% in the last month.
As of this writing, Constellation Energy shares are trading above $85 with a 52-week range of $38.00 to $97.89.
