5 Most Profitable Utility Stocks Now

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In this piece, we will take a look at the five most profitable utility stocks to buy now. If you want to skip our analysis of the utility industry and the recent developments, then you can take a look at the 13 Most Profitable Utility Stocks Now.

5. Sempra (NYSE:SRE)

Latest TTM Net Income: $2.4 billion

Sempra (NYSE:SRE) is a diversified utility that provides gas and electricity to millions of people in the U.S. Its California gas business division took an important step in the renewables race in December when powered a portion of California’s grid with a hydrogen power project.

34 out of the 910 hedge funds polled by Insider Monkey were the firm’s investors in Q3 2023. Sempra (NYSE:SRE)’s biggest hedge fund stakeholder is Ken Griffin’s Citadel Investment Group as it owns 3 million shares that are worth $205 million.

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