10 utilities stocks to watch

Considering investing in utilities stocks? While the best utilities stocks depend on your portfolio and investment goals, we've identified some utilities stocks that are worth keeping an eye on in the public services sector. Keep reading to learn more about utilities stocks and how to start investing.

10 popular utilities stocks to watch

We round up a selection of stocks in or related to the public services industry, weighting the list more heavily towards popular mid- and large-cap stocks.

Best stock	1-year return	Market cap	Exchange	Volume	Buy on Questrade
TransAlta (TAC.US)	-16.12% TransAlta's 1-year return based on the closing price as of November 7, 2025.	$4.1 billion (USD)	NYSE	1,138,100	Buy now
Algonquin Power-and-Utilities (AQN.TO)	0.86% Algonquin Power-and-Utilities's 1-year return based on the closing price as of November 6, 2025.	$6.1 billion (CAD)	Toronto Stock Exchange	10,976,965	Buy now
Capital Power Corporation (CPX.TO)	-5.76% Capital Power Corporation's 1-year return based on the closing price as of November 4, 2025.	$10 billion (CAD)	Toronto Stock Exchange	668,308	Buy now
Brookfield Renewable Partners L-P (BEP-UN.TO)	-4.00% Brookfield Renewable Partners L-P's 1-year return based on the closing price as of November 6, 2025.	$30 billion (CAD)	Toronto Stock Exchange	468,484	Buy now
Emera (EMA.TO)	6.35% Emera's 1-year return based on the closing price as of November 6, 2025.	$22.1 billion (CAD)	Toronto Stock Exchange	1,524,532	Buy now
Fortis (FTS.TO)	18.00% Fortis's 1-year return based on the closing price as of November 7, 2025.	$44.3 billion (CAD)	Toronto Stock Exchange	2,507,536	Buy now
Canadian Utilities (CU.TO)	34.53% Canadian Utilities's 1-year return based on the closing price as of November 6, 2025.	$14.3 billion (CAD)	Toronto Stock Exchange	539,115	Buy now
National Grid PLC ADR (NGG.US)	7.97% National Grid PLC ADR's 1-year return based on the closing price as of November 7, 2025.	$84.9 billion (USD)	NYSE	673,800	Buy now
Nextera Energy (NEE.US)	3.60% Nextera Energy's 1-year return based on the closing price as of November 7, 2025.	$175.6 billion (USD)	NYSE	11,876,900	Buy now
Southern Company (SO.US)	1.84% Southern Company's 1-year return based on the closing price as of November 7, 2025.	$107.5 billion (USD)	NYSE	18,715,077	Buy now

The values in this table are accurate as of the market close on November 5, 2026, or the most recent data available. Volume refers to the number of shares traded during the day.

What to look for when investing in utilities stock

The public services industry is affected by a range of complex factors such as trade policies, regulations, and fluctuating supply and demand. So when considering utilities stocks to buy, it's important that you have access to vital information about a company's financial health, leadership team, and market positioning.

Also keep in mind that, while volatility can be ideal for day traders, long-term investors will want to look for stocks to offer steadier gains over time.

How to invest in utilities stock

1. Research the public services industry. Before investing, learn about the utilities stock sector, its trends and the companies within it. Look at each company's financial health, potential for growth and past performance to identify stocks that fit your investment goals.
2. Choose a stock trading platform. Compare trading fees, access to trading tools and user interface options. We've identified reliable trading platforms to help narrow down your options below or check out the best stock trading apps in Canada to find one that suits your needs.
3. Open and fund your account. Sign up with your personal details and link a bank account or funding method to deposit money before you start trading.
4. Select the utilities stock(s) to buy. Search by company name or ticker symbol, like AQN or NEE. Compare key metrics such as market cap, price history and earnings per share to pick the best stock for your strategy.
5. Buy the stock and monitor performance. Place your order to buy the stock and track its performance over time. Consider setting alerts, signing up for industry newsletters or using platform research tools to stay up to date on market changes.

Our top picks for where to buy utilities stocks

Are utilities stocks a good investment?

While it's possible to turn a profit investing in utilities stocks, keep in mind that—like any investment—utilities stocks are not immune to risk. These stocks are subject to fluctuating conditions both in the market and in the public services industry, so carefully vet your picks before you invest.

What are the best utilities stocks?

A lot of factors go into picking the best utilities stocks. Stock performance can be impacted by factors like market conditions, company decisions and global events. Plus, what may be a strong utilities stock investment for one person might not be suitable for another.

That said, we rounded up this list of popular utilities stocks in or related to the public services industry to help narrow down your options:

• TransAlta (TAC)
• Algonquin Power-and-Utilities (AQN)
• Capital Power Corporation (CPX)
• Brookfield Renewable Partners L-P (BEP-UN)
• Emera (EMA)
• Fortis (FTS)
• Canadian Utilities (CU)
• National Grid PLC ADR (NGG)
• Nextera Energy (NEE)
• Southern Company (SO)

Keep in mind that this is not a "best" list or a recommendation. It highlights some utilities stocks for informational purposes only and does not indicate past or future performance or investment advice. We do not guarantee any investment performance.

We've outlined detailed company and stock performance details for each utilities stock below. Keep reading to decide if any of these companies are the right investment for you.

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TransAlta (TAC)

TransAlta Corporation engages in the development, production, and sale of electric energy. It operates through Hydro, Wind and Solar, Gas, Energy Transition, and Energy Marketing segments.

The Hydro segment holds interest of approximately 922 megawatts (MW) located in Alberta and Canada.

Closing stock price	$13.01
Market Capitalization The total market value of TransAlta's outstanding shares	$4.1 billion
Gross profit (TTM)	$853 million
Profit margin	4.71%
Revenue (TTM)	$2.2 billion
Earnings per share (TTM)	$0.08
52-week stock price range	$11.29 – $15.75

All dollar amounts in this table are in USD. TTM refers to the "trailing 12 months." All values are accurate as of the market close on November 5, 2026.

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Algonquin Power-and-Utilities (AQN)

Algonquin Power & Utilities Corp. operates in the power and utility industries. It owns and operates a portfolio of regulated electric, water distribution and wastewater collection, and natural gas utility systems and transmission operations.

As of December 31, 2025, it operated a portfolio of regulated utility systems in the United States, Canada, Bermuda, and Chile, serving approximately 1,272,000 customer connections.

Closing stock price	C$7.80
Market Capitalization The total market value of Algonquin Power-and-Utilities's outstanding shares	C$6.1 billion
Gross profit (TTM)	C$941.9 million
Profit margin	5.87%
Revenue (TTM)	C$2.5 billion
Earnings per share (TTM)	C$0.33
52-week stock price range	C$6.93 – C$9.36

All dollar amounts in this table are in CAD. TTM refers to the "trailing 12 months." All values are accurate as of the market close on November 5, 2026.

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Capital Power Corporation (CPX)

Capital Power Corporation develops, acquires, owns, and operates utility-scale renewable and flexible generation facilities in Canada and the United States. The company generates electricity from various energy sources, including wind, waste heat, solar, landfill gas, gas, and battery storage.

It also manages its related electricity and natural gas portfolios by undertaking trading and marketing activities.

Closing stock price	C$63.04
Market Capitalization The total market value of Capital Power Corporation's outstanding shares	C$10 billion
Gross profit (TTM)	C$1.4 billion
Profit margin	0.67%
Revenue (TTM)	C$3.8 billion
Earnings per share (TTM)	-C$0.05
52-week stock price range	C$54.73 – C$76.15

All dollar amounts in this table are in CAD. TTM refers to the "trailing 12 months." All values are accurate as of the market close on October 29, 2026.

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Brookfield Renewable Partners L-P (BEP-UN)

Brookfield Renewable Partners L. P.

owns a portfolio of renewable power generating facilities in the North America, Colombia, and Brazil.

Closing stock price	C$40.02
Market Capitalization The total market value of Brookfield Renewable Partners L-P's outstanding shares	C$30 billion
Gross profit (TTM)	C$3.2 billion
Profit margin	-4.19%
Revenue (TTM)	C$6.5 billion
Earnings per share (TTM)	-C$1.01
52-week stock price range	C$35.37 – C$52.21

All dollar amounts in this table are in CAD. TTM refers to the "trailing 12 months." All values are accurate as of the market close on October 29, 2026.

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Emera (EMA)

Emera Incorporated, an energy and services company, invests in generation, transmission, and distribution of electricity in the United States, Canada, Barbados, and the Bahamas. The company operates through Florida Electric Utility, Canadian Electric Utilities, Gas Utilities and Infrastructure, Other Electric Utilities, and Other segments.

It is involved in the purchase, transmission, distribution, and sale of natural gas; and physical energy marketing, trading, and other energy asset management activities.

Closing stock price	C$68.89
Market Capitalization The total market value of Emera's outstanding shares	C$22.1 billion
Gross profit (TTM)	C$3.9 billion
Profit margin	11.64%
Revenue (TTM)	C$8.9 billion
Earnings per share (TTM)	C$3.15
52-week stock price range	C$62.16 – C$76.41

All dollar amounts in this table are in CAD. TTM refers to the "trailing 12 months." All values are accurate as of the market close on October 29, 2026.

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Fortis (FTS)

Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries. The company generates, transmits, and distributes electricity to approximately 459,000 retail customers in southeastern Arizona, including the greater Tucson metropolitan area; and 107,000 retail customers in southeastern Arizona with an aggregate capacity of 3, 443 megawatts (MW).

It also sells wholesale electricity to other entities in the western United States; owns gas-fired and hydroelectric generating capacity totaling 43 MW; and distributes natural gas to approximately 1,105,000 residential, commercial, and industrial customers in British Columbia, Canada.

Closing stock price	C$84.91
Market Capitalization The total market value of Fortis's outstanding shares	C$44.3 billion
Gross profit (TTM)	C$5.7 billion
Profit margin	15.01%
Revenue (TTM)	C$12.5 billion
Earnings per share (TTM)	C$3.52
52-week stock price range	C$67.37 – C$86.35

All dollar amounts in this table are in CAD. TTM refers to the "trailing 12 months." All values are accurate as of the market close on November 5, 2026.

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Canadian Utilities (CU)

Canadian Utilities Limited, together with its subsidiaries, engages in the electricity, natural gas, renewables, pipelines, and liquids businesses in Canada, Australia, and internationally. It operates through ATCO Energy Systems, ATCO EnPower, ATCO Australia, and Financing & Other segments.

The ATCO Energy Systems segment provides regulated electricity transmission and distribution services in northern and central east Alberta, the Yukon, the Northwest Territories, and in the Lloydminster area of Saskatchewan; and international electricity services, as well as offers integrated natural gas transmission and distribution services throughout Alberta and in the Lloydminster area of Saskatchewan.

Closing stock price	C$51.45
Market Capitalization The total market value of Canadian Utilities's outstanding shares	C$14.3 billion
Gross profit (TTM)	C$2.6 billion
Profit margin	3.30%
Revenue (TTM)	C$3.8 billion
Earnings per share (TTM)	C$0.16
52-week stock price range	C$39.38 – C$55.92

All dollar amounts in this table are in CAD. TTM refers to the "trailing 12 months." All values are accurate as of the market close on October 29, 2026.

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National Grid PLC ADR (NGG)

National Grid plc engages in the transmission and distribution of electricity and gas. It operates through UK Electricity Transmission, UK Electricity Distribution, New England, New York, National Grid Ventures, and Other segments.

The UK Electricity Transmission segment provides electricity transmission networks in England and Wales.

Closing stock price	$83.95
Market Capitalization The total market value of National Grid PLC ADR's outstanding shares	$84.9 billion
Gross profit (TTM)	$17.7 billion
Profit margin	18.32%
Revenue (TTM)	$17.7 billion
Earnings per share (TTM)	$4.39
52-week stock price range	$71.49 – $92.22

All dollar amounts in this table are in USD. TTM refers to the "trailing 12 months." All values are accurate as of the market close on October 29, 2026.

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Nextera Energy (NEE)

NextEra Energy, Inc., through its subsidiaries, generates, stores, transmits, distributes, and sells electric power to retail and wholesale customers in North America. It operates through Florida Power & Light Company (FPL) and NEER segments.

The company generates electricity from wind, solar, nuclear, natural gas, and other clean energy assets.

Closing stock price	$86.95
Market Capitalization The total market value of Nextera Energy's outstanding shares	$175.6 billion
Gross profit (TTM)	$17.3 billion
Profit margin	40.37%
Revenue (TTM)	$28.8 billion
Earnings per share (TTM)	$5.55
52-week stock price range	$74.41 – $97.30

All dollar amounts in this table are in USD. TTM refers to the "trailing 12 months." All values are accurate as of the market close on November 5, 2026.

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Southern Company (SO)

The Southern Company, through its subsidiaries, engages in the sale of electricity. The company offers electric service to retail customers and wholesale customers; and energy-related products and services to natural gas choice markets.

It also develops, constructs, acquires, owns, operates, and manages power generation assets, as well as battery energy storage projects; sells electricity at market-based rates in the wholesale market; and deploys microgrids for commercial, industrial, governmental, and utility customers.

Closing stock price	$93.12
Market Capitalization The total market value of Southern Company's outstanding shares	$107.5 billion
Gross profit (TTM)	$15.1 billion
Profit margin	16.00%
Revenue (TTM)	$31.2 billion
Earnings per share (TTM)	$4.38
52-week stock price range	$81.69 – $98.45

All dollar amounts in this table are in USD. TTM refers to the "trailing 12 months." All values are accurate as of the market close on November 3, 2026.

Compare trading platforms to buy utilities stock

Compare special offers, low fees and a wide range of investment options among popular trading platforms in Canada. Note that the dollar amounts in the table below are in CAD.

Related: Compare the best stock trading platforms in Canada

Bottom line

If you're considering adding utilities stocks to your portfolio, make sure you thoroughly look into any companies before investing to help mitigate risk. We've compiled a list of utilities stocks to help narrow down your options. Then choose a legitimate stock trading platform to start investing. After that it comes down to monitoring the public services industry to know when to buy, sell or hold. How to buy stocks in Canada

Frequently asked questions about utilities stocks

• What are utilities stocks?

  Utilities stocks are shares of companies that either directly work in the utilities sector or operate within related industries. Investors interested in buying utilities stocks may be looking to take advantage of market trends or lock in investments for the long haul.

• What is the top utilities stock to buy in 2026?

  Unfortunately, it's almost impossible to choose a single "top" utilities stock to invest in due to factors like market fluctuations, company management and shifting economic trends. These can all change—sometimes overnight—how a stock performs. It's best to do your own research to decide which companies fit within your risk tolerance. Reviewing a company's financial reports and past stock performance can help you decide if it's worth investing in.

• Where can I find information and regular updates about the public services industry?

  You can keep track of the latest public services news and updates by signing up for financial newsletters, visiting financial news sites, reading company investor relations pages and using market research platforms. Many online brokerages also offer sector reports, stock screeners and alerts to help you track movements in your stock performance or updates in or related to the public services industry.

Check these other commodities and investment sectors

If you're thinking about diversifying your portfolio and investing in sectors beyond utilities stocks, here are some others you can consider:

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