13 Best Utility Stocks to Buy According to Analysts

7. Edison International (NYSE:EIX)

Average estimated analysts’ upside: 21.35%

Number of Hedge Fund Holders: 38

​Edison International (NYSE:EIX) is a US-based electric utility company that primarily serves 15 million people in southern California, providing electricity to residential, commercial, and industrial customers. The company’s operations encompass electricity generation, transmission, and distribution, with a focus on integrating renewable energy sources and enhancing grid reliability. ​

Edison International (NYSE:EIX) reported core EPS of $4.93 for 2024, exceeding the midpoint of their guidance and extending their track record of meeting or exceeding annual EPS guidance over the last two decades. The company remains confident in meeting its 2025 EPS guidance and delivering a 5% to 7% core EPS CAGR through 2028. The Board declared a Q1 2025 dividend of $0.8275 per share, demonstrating confidence in their financial outlook and ability to raise cost-effective capital.

On the regulatory front, Edison International (NYSE:EIX) successfully recovered about $1.6 billion of wildfire claims payments and associated costs. The company continues to execute its robust wildfire mitigation plan, having installed more than 6,400 miles of covered conductor and hardened nearly 90% of distribution lines in high fire risk areas. In response to recent wildfires, EIX is actively engaged in conversations with key stakeholders, including the Governor’s office and legislative leaders, to find solutions that support community safety, manage customer costs, and reinforce investor confidence in California’s utilities. We include EIX on our list of the best utility stocks to buy because the management’s optimistic long-term guidance is backed by a reliable track record of flawless execution over the last 2 decades.