Top 4 Utilities Stocks You'll Regret Missing This Quarter

The most oversold stocks in the utilities sector presents an opportunity to buy into undervalued companies.

The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30.

Here’s the latest list of major oversold players in this sector, having an RSI near or below 30.

Black Hills Corporation BKH

  • Black Hills priced $450 million public debt offering 6.15% senior unsecured notes due May 15, 2034. The company’s stock has a 52-week low of $51.33 .
  • RSI Value: 29.77
  • BKH Price Action: Shares of Black Hills fell 0.8% to close at $51.62 on Wednesday.

Unitil Corporation UTL

  • Unitil posted weaker-than-expected quarterly earnings. “We are pleased with our solid second quarter and year-to-date results which reflect the Company’s disciplined approach to cost management,” said Thomas P. Meissner, Jr., Unitil’s Chairman and Chief Executive Officer. It has a 52-week low of $43.62.
  • RSI Value: 29.25
  • UTL Price Action: Shares of Unitil fell 0.7% to close at $43.88 on Wednesday.

Middlesex Water Company MSEX

  • Middlesex Water posted downbeat quarterly results. Middlesex Chairman, President and Chief Executive Officer Dennis W. Doll said, “The calendar year 2023 continues to be a period of significant transition as we execute our succession plans, continue investing to adapt to new regulatory requirements, manage rate filing proceedings currently in progress and responsibly manage our resources to meet customer needs during the peak summer season.” The company’s stock has a 52-week low of $66.51.
  • RSI Value: 26.00
  • MSEX Price Action: Shares of Middlesex Water fell 0.7% to close at $67.19 on Wednesday.

Atmos Energy Corporation ATO

  • Atmos Energy posted downbeat third-quarter results. "The dedication of our employees coupled with the exceptional customer service they provide to our more than 3 million customers continues to position us to achieve fiscal 2023 earnings in the range of $6.00 to $6.10 per diluted share," said Kevin Akers, President and Chief Executive Officer of Atmos Energy. The company’s 52-week low is $97.71.
  • RSI Value: 25.54
  • ATO Price Action: Shares of Atmos Energy fell 0.5% to close at $106.46 on Wednesday.


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