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Water & Utilities Infrastructure

Water, regulated utilities and the grid.

The regulated, income-generating backbone of essential services — water, electricity, gas and waste — now central to electrification and climate resilience. This collection gathers water and utility-infrastructure names, ranked by market cap.

336 stocksSorted by market capUpdated 8 Oct 2026

Why it matters

Water, regulated utilities and the grid. These themes often connect to policy, commodity cycles, infrastructure spending and long investment lead times.

What to check next

Check backlog quality, project execution, input costs, balance-sheet resilience and sensitivity to commodity prices or government budgets.

Main risk

Cyclical demand, cost overruns, regulation and commodity volatility can overwhelm even a strong long-term infrastructure or energy story.

Showing the 40 largest of 336 — sort or filter to explore the rest.

Company Market Market Cap Reward Risk Yield
Iberdrola SAIBDRY$163.3B47380.0%
Nextera Energy IncNEE$160.3B48493.1%
Enel SpAESOCF$116.4B43504.0%
ENEL Societa per AzioniENLAY$115.0B48404.3%
Southern CompanySO$96.3B33483.6%
Duke Energy CorporationDUK$89.0B37483.8%
Waste Management IncWM$81.7B47421.8%
Engie SAENGQF$77.7B50525.3%
National Grid PLCNG£57.6B33534.3%
American Electric Power Co IncAEP$65.1B49433.2%
Republic Services IncRSG$64.2B55351.2%
E.ON SEENAKF$60.8B28452.4%
Dominion Energy IncD$53.9B48474.4%
Sempra EnergySRE$51.3B24493.3%
Entergy CorporationETR$48.2B38482.5%
RWE AktiengesellschaftRWNFF$48.2B53441.7%
RWE AG PKRWEOY$47.1B53391.7%
Xcel Energy IncXEL$44.6B37463.3%
Exelon CorporationEXC$42.0B33514.0%
SSE PLCSSE£29.7B46462.8%
Waste Connections IncWCN$38.7B46390.9%
Consolidated Edison IncED$38.2B44423.4%
Endesa S.AELEZF$37.9B64510.0%
PG&E CorpPCG$37.0B38561.4%
Public Service Enterprise Group IncPEG$33.9B46463.8%
WEC Energy Group IncWEC$33.1B34453.6%
Veolia Environnement S.AVEOEF$31.3B52260.0%
Brookfield Infrastructure Partners LPBIP$28.9B45515.0%
Naturgy Energy Group S.AGASNF$28.2B47336.0%
Ameren CorpAEE$27.7B36442.9%
Fortis IncFTS$27.0B38454.8%
Atmos Energy CorporationATO$26.6B41372.5%
DTE Energy CompanyDTE$25.9B34503.7%
American Water WorksAWK$25.9B47492.6%
Hydro One LimitedHRNNF$25.4B32463.1%
CLP Holdings LtdCLPHY$25.2B50304.0%
FirstEnergy CorporationFE$25.1B43484.2%
CenterPoint Energy IncCNP$24.9B25462.4%
PPL CorporationPPL$24.7B44443.4%
Terna - Rete Elettrica Nazionale Società per AzioniTERRF$24.4B45443.3%

Frequently asked questions

What is the Water & Utilities Infrastructure collection?

Water, regulated utilities and the grid. It currently holds 336 stocks, each rated by Openbook's Reward and Risk scores. The regulated, income-generating backbone of essential services — water, electricity, gas and waste — now central to electrification and climate resilience.

How are Water & Utilities Infrastructure stocks selected?

Constituents are chosen by a rules-based screen over the full UK and US common-stock universe, then ranked by market capitalisation.

How often is the Water & Utilities Infrastructure list updated?

It is rebuilt from live market data, so the constituents and their rankings update as prices and company fundamentals change — there is no fixed, hand-edited list.

How should I use the Reward and Risk ratings?

Openbook's Reward rating combines a stock's growth, momentum, profitability and valuation into a single 0–100 score, and the Risk rating scores financial strength, volatility and size. Use them to compare names within this theme — broadly, a higher Reward alongside a lower Risk is more attractive. They are quantitative research signals, not investment advice.

Openbook Reward and Risk ratings and factor scores are quantitative signals for research, not investment advice. Data may be delayed. Some US-listed names carry partial factor coverage.