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, according to Benzinga Pro.

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

Southwest Gas Holdings Inc (NYSE:SWX)

  • On Aug. 5, Southwest Gas posted mixed quarterly results. “We’re encouraged by the progress our team made this quarter, advancing rate cases in all three states and securing binding commitments for our Great Basin 2028 expansion project,” said Justin Brown, President and Chief Executive Officer of Southwest Gas Holdings. The company’s stock fell around 8% over the past month and has a 52-week low of $76.74.
  • RSI Value: 29.5
  • SWX Price Action: Shares of Southwest Gas rose 1.3% to close at $82.44 on Friday.
  • Edge Stock Ratings: 31.67 Momentum score with Value at 73.54.

Middlesex Water Co (NASDAQ:MSEX) 

  • On July 30, Middlesex Water posted upbeat quarterly earnings. “Our results demonstrate the effectiveness of our disciplined approach to operational, financial, and strategic execution,” said Nadine Leslie, Chair, President, and Chief Executive Officer of Middlesex Water Company. The company’s stock fell around 8% over the past month and has a 52-week low of $44.17.
  • RSI Value: 29.2
  • MSEX Price Action: Shares of Middlesex Water rose 1.1% to close at $53.47 on Friday.
  • Benzinga Pro’s charting tool helped identify the trend in MSEX stock.

Dominion Energy Inc (NYSE:D)

  • On Sept. 18, Morgan Stanley analyst Stephen Byrd maintained Dominion Energy with an Equal-Weight rating and lowered the price target from $68 to $66. The company’s stock fell around 9% over the past month has a 52-week low of $72.99.
  • RSI Value: 26
  • D Price Action: Shares of Dominion Energy gained 0.5% to close at $60.68 on Friday.
  • Benzinga Pro’s signals feature notified of a potential breakout in D shares.

Learn more about BZ Edge Rankings—click to see scores for other stocks in the sector and see how they compare.

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