5 Best Water Stocks To Buy

In this article, we discuss 5 best water stocks to buy. If you want to see more stocks in this selection, check out 10 Best Water Stocks To Buy. 

5. Pennon Group Plc (OTC:PEGRF) 

Number of Hedge Fund Holders: N/A

Pennon Group Plc (OTC:PEGRF) was incorporated in 1989 and is based in Exeter, the United Kingdom. The company provides water and wastewater services for customers in Cornwall, Devon, and parts of Dorset and Somerset, water-only services in Dorset, Hampshire, and Wiltshire, and water and wastewater retail services to non-household customers in Great Britain. On November 30, Pennon Group Plc (OTC:PEGRF) posted a 1H non-GAAP EPS of 7.9p and a revenue of £425.5 million, up 9.3% year-over-year. 

On October 4, RBC Capital analyst Alexander Wheeler upgraded Pennon Group Plc (OTC:PEGRF) to Outperform from Sector Perform with a price target of 975 GBp, down from 1,050 GBp. The analyst sees “significant value” at present share levels despite the continuous environmental investigation. The company has constantly been the top performer in the water sector on returns, “and we do not believe that will change overnight,” the analyst wrote in a research note. He said the stock is “too cheap to ignore.”