In this article, we will discuss: 15 Best Electric Utility Stocks to Invest In Now.
On October 29, 2025, Deloitte’s 2026 Power and Utilities Industry Outlook reported that U.S. electricity demand increased in 2025 due to artificial intelligence training and electrification. Deloitte predicts that peak demand will climb by 26% by 2035. Data center demand could hit 176 gigawatts by 2035, five times higher than in 2024. Industrial electrification could produce 25 GW by 2030. Renewable energy made up 93% of extra capacity until July 2025, with solar and storage accounting for 83%. Manufacturers face delays due to two terawatts of interconnection queues. The United States saw 15 billion-dollar disasters in the first half of 2025. Deloitte anticipates that retail power prices will climb by around 4.5% in 2025.
The U.S. Department of Energy anticipates 104 GW of coal and gas retirements by 2030, offset by 209 GW of new capacity, with only 10% firm capacity. Utilities plan to add 19 gigawatts of additional gas by 2028. The US electric power sector requires $1.4 trillion in investments by 2030.
With that said, here are the 15 Best Electric Utility Stocks to Invest In Now.
High-voltage power lines. Electricity distribution station. high voltage electric transmission tower. Distribution electric substation with power lines and transformers.
Our Methodology
We used screeners to identify Electric Utility stocks, and limited our final selection to companies that have recently reported noteworthy developments likely to impact investor sentiment. These stocks are also popular among analysts and elite hedge funds.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).
15 Best Electric Utility Stocks to Invest In Now
15. The Southern Company (NYSE:SO)
The Southern Company (NYSE:SO) is among the Best Utility Stocks.
On February 20, 2026, Morgan Stanley analyst David Arcaro raised The Southern Company (NYSE:SO)’s price goal to $91 from $85 while maintaining an Underweight rating. Morgan Stanley updated its price forecasts for the North American Regulated and Diversified Utilities and IPPs. The firm found that utilities lagged the S&P in January. Morgan Stanley’s Q4 earnings preview forecasts balanced discussions regarding data center pipelines in light of affordability and political concerns.
On February 19, 2026, Reuters reported that The Southern Company (NYSE:SO) increased its five-year capital plan by 7% to $81 billion for 2026-2030 from $76 billion, with roughly half going toward power generation. The company signed 10 gigawatts of large-load customers and received interest for about 75 gigawatts seeking grid connection. The corporation plans to redirect around 1,000 megawatts of gas-fired capacity by 2030. It is in the final stages of discussions to add 700 megawatts from its existing fleet. The firm forecasts 2026 adjusted EPS of $4.50 to $4.60, with the midpoint lower than the $4.56 estimate.
The Southern Company (NYSE:SO) is a holding company that generates and sells electricity. It operates in three segments: Traditional Electric Operating Companies, Southern Power, and Southern Company Gas.
14. Dominion Energy, Inc. (NYSE:D)
Dominion Energy, Inc. (NYSE:D) is among the Best Utility Stocks.
On February 20, 2026, Morgan Stanley increased Dominion Energy, Inc. (NYSE:D)’s price objective to $67 from $63 while maintaining an Equal Weight rating. Morgan Stanley upgraded its price estimates for North American Regulated and Diversified Utilities and IPPs. The firm noted that utilities lagged the S&P in January. Morgan Stanley’s Q4 earnings preview anticipates balanced discussions about data center pipelines, considering affordability and political concerns.
On February 23, 2026, Reuters reported that Dominion Energy, Inc. (NYSE:D) expects fiscal 2026 operating earnings of $3.45 to $3.69 per share, with the midpoint falling below LSEG’s $3.60 average estimate. The corporation has also increased its five-year capital plan to $64.7 billion for 2026-2030, from $50.1 billion through 2029. As of December, the corporation contracted roughly 48.5 gigawatts of data center capacity, an increase of 1.4 GW from September. The firm announced fourth-quarter adjusted earnings of $0.68 per share, exceeding expectations of $0.67, while operating expenses rose by over 11% year-on-year to $3.33 billion.
Dominion Energy, Inc. (NYSE:D) is involved in the generation and distribution of energy. It operates in four business segments: Dominion Energy Virginia, Dominion Energy South Carolina, Contracted Energy, and Corporate and Other.
