Top 10 / Top 10 — Utilities

Top 10 — Utilities

The 10 highest scores among covered Utilities companies, rebalanced on the first trading day of each month.

as of 8 Oct 2026rebalanced 1 Oct 2026next rebalance 2 Nov 2026tracked since 18 Aug 2026HistoryMethod

Tracked against the market equal weight · dividends included

SPY is the S&P 500 ETF — the US large-cap market average.

Top 10SPY (dashed)rebalance

−9.1% since 18 Aug 2026, against +1.1% for SPY: 10.2 percentage points behind the market.

Both lines include dividends: each payout is reinvested in the company that paid it, and SPY's payouts are reinvested the same way.

Since start

−9.1%

SPY +1.1% · 10.2 points behind

1 week

+0.6%

SPY +1.3% · 0.7 points behind

1 month

−6.4%

SPY +1.3% · 7.7 points behind

TTM dividend yield

3.49%

average across all 10 members · 8 Oct 2026

Movement vs the market

1.29x

14.2% a year against the market’s 11.0% · beta -0.10 · 63 sessions to 8 Oct 2026

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The 10 members

#	Company	Why it is here	Pillars	Sector rank	Price	Since entry	In the list since
1	OTTER TAIL CORP (OTTR)NEW	Profitability 74th (operating margin 26.6%, return on equity 14.8%). Profitability 74th (operating margin 26.6%, return on equity 14.8%) and trend 70th (it is 7.1% below its highest point of the past year); weakest is growth (21st, 3-year revenue CAGR -4%, revenue growth year over year 4.9%). Sector Utilities Sector rank 1 Score at entry 56.0 Entered 1 Oct 2026 Price 88.33 8 Oct 2026 Since entry −0.1% Daily swing 1.98% Beta 0.42 TTM yield 2.57% Exit rule held while it stays inside the top 15 Pillar percentiles Profitability73.8 Growth20.8 Financial health43.1 Valuation67.3 Capital return64.8 Trend70.2	PGHVCT	1	88.33 8 Oct 2026	−0.1%	1 Oct 2026
2	AES Corporation (AES)	Valuation 83rd (price to earnings 5.7, price to book 2.2). Valuation 83rd (price to earnings 5.7, price to book 2.2) and profitability 78th (return on equity 22.4%); weakest is financial health (7th, debt to equity 6.5, free cash flow margin -13.3%). Sector Utilities Sector rank 2 Score at entry 51.8 Entered 18 Aug 2026 Price 14.93 8 Oct 2026 Since entry +1.3% Daily swing 0.32% Beta 0.78 TTM yield 4.82% Exit rule held while it stays inside the top 15 Pillar percentiles Profitability78.4 Growth32.1 Financial health6.8 Valuation83.1 Capital return63.8 Trend69.5	PGHVCT	2	14.93 8 Oct 2026	+1.3%	18 Aug 2026
3	Edison International (EIX)	Valuation 94th (price to earnings 5.3, price to book 1.2). Valuation 94th (price to earnings 5.3, price to book 1.2) and profitability 87th (operating margin 36.7%, return on equity 23.2%); weakest is financial health (12th, free cash flow margin -3.7%, debt to equity 2.4). Sector Utilities Sector rank 3 Score at entry 61.9 Entered 18 Aug 2026 Price 54.30 8 Oct 2026 Since entry −26.3% Daily swing 3.40% Beta 0.46 TTM yield 4.86% Exit rule held while it stays inside the top 15 Pillar percentiles Profitability86.6 Growth46.7 Financial health12.4 Valuation93.5 Capital return75.9 Trend24.3	PGHVCT	3	54.30 8 Oct 2026	−26.3%	18 Aug 2026
4	NEW JERSEY RESOURCES CORP (NJR)	Valuation 78th (price to earnings 14.1, price to book 2). Valuation 78th (price to earnings 14.1, price to book 2) and profitability 77th (operating margin 37.7%, return on equity 14%); weakest is financial health (23rd, debt to equity 1.4). Sector Utilities Sector rank 4 Score at entry 55.7 Entered 18 Aug 2026 Price 51.01 8 Oct 2026 Since entry −8.1% Daily swing 1.86% Beta 0.04 TTM yield 3.80% Exit rule held while it stays inside the top 15 Pillar percentiles Profitability76.8 Growth47.2 Financial health23.1 Valuation78.3 Capital return55.7 Trend42.0	PGHVCT	4	51.01 8 Oct 2026	−8.1%	18 Aug 2026
5	AMERICAN STATES WATER (AWR)	Profitability 72nd (operating margin 30.9%, return on equity 12.5%). Profitability 72nd (operating margin 30.9%, return on equity 12.5%) and growth 59th (3-year revenue CAGR 10.2%, revenue growth year over year 10.3%); weakest is financial health (27th, free cash flow margin -1.1%, debt to equity 0.8). Sector Utilities Sector rank 8 Score at entry 55.5 Entered 18 Aug 2026 Price 81.83 8 Oct 2026 Since entry −8.0% Daily swing 1.92% Beta -0.06 TTM yield 2.51% Exit rule held while it stays inside the top 15 Pillar percentiles Profitability72.4 Growth59.1 Financial health27.0 Valuation37.2 Capital return54.7 Trend56.0	PGHVCT	8	81.83 8 Oct 2026	−8.0%	18 Aug 2026
6	CHESAPEAKE UTILITIES CORP (CPK)	Growth 69th (revenue growth year over year 17.3%, 3-year revenue CAGR 11%). Growth 69th (revenue growth year over year 17.3%, 3-year revenue CAGR 11%) and profitability 63rd (operating margin 27.5%, return on equity 8.8%); weakest is financial health (20th, free cash flow margin -23.1%, debt to equity 1). Sector Utilities Sector rank 9 Score at entry 54.4 Entered 18 Aug 2026 Price 128.16 8 Oct 2026 Since entry −6.2% Daily swing 2.16% Beta 0.12 TTM yield 2.23% Exit rule held while it stays inside the top 15 Pillar percentiles Profitability62.9 Growth68.8 Financial health19.9 Valuation55.1 Capital return52.0 Trend47.6	PGHVCT	9	128.16 8 Oct 2026	−6.2%	18 Aug 2026
7	H2O AMERICA (HTO)	Valuation 63rd (price to book 1.3, price to earnings 20.5). Valuation 63rd (price to book 1.3, price to earnings 20.5) and trend 56th (a "golden cross" — its 50-day average is above its 200-day); weakest is financial health (33rd, debt to equity 1). Sector Utilities Sector rank 10 Score at entry 50.9 Entered 18 Aug 2026 Price 58.07 8 Oct 2026 Since entry −8.3% Daily swing 2.31% Beta -0.03 TTM yield 3.00% Exit rule held while it stays inside the top 15 Pillar percentiles Profitability54.6 Growth45.1 Financial health32.5 Valuation62.8 Capital return51.9 Trend55.5	PGHVCT	10	58.07 8 Oct 2026	−8.3%	18 Aug 2026
8	ONE GAS INC (OGS)	Valuation 84th (price to book 1.3, price to earnings 15.6). Valuation 84th (price to book 1.3, price to earnings 15.6) and financial health 64th (free cash flow margin 37.3%, debt to equity 1); weakest is trend (25th, a strong downtrend, with sellers in control). Sector Utilities Sector rank 11 Score at entry 51.9 Entered 18 Aug 2026 Price 72.36 8 Oct 2026 Since entry −10.7% Daily swing 1.80% Beta 0.13 TTM yield 3.75% Exit rule held while it stays inside the top 15 Pillar percentiles Profitability46.0 Growth45.4 Financial health63.9 Valuation84.1 Capital return47.6 Trend25.1	PGHVCT	11	72.36 8 Oct 2026	−10.7%	18 Aug 2026
9	Dominion Energy (D)	Profitability 66th (operating margin 26.7%, return on equity 10.3%). Profitability 66th (operating margin 26.7%, return on equity 10.3%) and growth 62nd (revenue growth year over year 21.8%, 3-year revenue CAGR 5.8%); weakest is financial health (17th, debt to equity 1.8). Sector Utilities Sector rank 12 Score at entry 51.6 Entered 18 Aug 2026 Price 61.75 8 Oct 2026 Since entry −10.0% Daily swing 1.72% Beta 0.20 TTM yield 4.34% Exit rule held while it stays inside the top 15 Pillar percentiles Profitability66.0 Growth61.9 Financial health17.2 Valuation51.2 Capital return43.7 Trend48.1	PGHVCT	12	61.75 8 Oct 2026	−10.0%	18 Aug 2026
10	SOUTHWEST GAS HOLDINGS INC (SWX)	Valuation 87th (price to earnings 11.7, price to book 1.5). Valuation 87th (price to earnings 11.7, price to book 1.5) and trend 55th (a "golden cross" — its 50-day average is above its 200-day); weakest is financial health (25th, free cash flow margin -4.7%, debt to equity 0.9). Sector Utilities Sector rank 16 Score at entry 57.1 Entered 18 Aug 2026 Price 83.51 8 Oct 2026 Since entry −8.9% Daily swing 1.74% Beta 0.25 TTM yield 3.04% Exit rule held while it stays inside the top 15 Pillar percentiles Profitability39.4 Growth42.1 Financial health24.6 Valuation86.5 Capital return49.0 Trend54.6	PGHVCT	16	83.51 8 Oct 2026	−8.9%	18 Aug 2026

Changes at the 1 Oct 2026 rebalance

Entered

OTTER TAIL CORP (OTTR) — Entered 1 Oct 2026: score 56.0, rank 1 (not compared with 1 Sep 2026 — those rows were scored under method version 3, this pass under 4, and the formula changed between them, so a score is only comparable within one version).

Left

Atmos Energy (ATO) — Left 1 Oct 2026: score 45.8, rank 23 (not compared with 1 Sep 2026 — those rows were scored under method version 3, this pass under 4, and the formula changed between them, so a score is only comparable within one version) (a member leaves above rank 15).

1 of 10 changed at this rebalance. Average 3.7 of 10 per rebalance.

How the score is built

Profitability 20%Growth 20%Financial health 15%Valuation 15%Capital return 10%Trend 20%

The Top 10 score is a published weighted sum of percentile ranks, rebalanced on the first trading day of each month. A list is a published formula and its output, not a recommendation. Method version 4. Full method → What is the top 10 score? →

Questions

How is the score built?

How often does this list change?

Members are rebalanced on the first trading day of each month. Scores are recomputed nightly, but membership only changes at a scheduled rebalance, or immediately if a company stops being eligible. A member is held while it stays inside the top 15, so a small move in rank does not force a change.

What score does a company need to be in this list?

The cutoff today is 50.5 across 54 ranked Utilities companies. #11 (OGS) is 0.2 below it. A member leaves only if it falls past #15 — 49.4 today.

Why did ATO leave the list?

Left 1 Oct 2026: score 45.8, rank 23 (not compared with 1 Sep 2026 — those rows were scored under method version 3, this pass under 4, and the formula changed between them, so a score is only comparable within one version) (a member leaves above rank 15).

Informational only — NOT financial advice.