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U.S. Utilities Sector Analysis

UpdatedJun 09, 2026
DataAggregated Company Financials
Companies116
  • 7D0.4%
  • 3M-5.6%
  • 1Y8.6%
  • YTD-0.06%

In the last week, the Utilities industry is flat overall, with Constellation Energy standing out by going down 8.1%. As for the the longer term, the industry is up 8.6% over the past 12 months. Looking forward, earnings are forecast to grow by 12% annually.

Sector Valuation and Performance

Has the U.S. Utilities Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 10 Jun 2026US$1.6tUS$587.1bUS$69.1b20.9x23.3x2.7x
Fri, 08 May 2026US$1.7tUS$578.3bUS$66.6b21.6x25.1x2.9x
Sun, 05 Apr 2026US$1.7tUS$568.0bUS$67.5b21.8x24.8x2.9x
Tue, 03 Mar 2026US$1.7tUS$568.2bUS$67.5b22.1x25.4x3x
Thu, 29 Jan 2026US$1.6tUS$557.6bUS$68.9b20.6x22.7x2.8x
Sat, 27 Dec 2025US$1.5tUS$556.5bUS$68.5b19.4x22.3x2.7x
Mon, 24 Nov 2025US$1.6tUS$558.0bUS$68.7b20.4x22.8x2.8x
Wed, 22 Oct 2025US$1.6tUS$549.9bUS$63.6b21.7x25.7x3x
Fri, 19 Sep 2025US$1.5tUS$549.9bUS$63.6b20.3x23.5x2.7x
Sun, 17 Aug 2025US$1.5tUS$549.2bUS$63.7b20.5x23.7x2.7x
Tue, 15 Jul 2025US$1.5tUS$540.7bUS$63.8b20.9x22.8x2.7x
Thu, 12 Jun 2025US$1.4tUS$540.1bUS$64.0b20.7x22.2x2.6x
Sat, 10 May 2025US$1.4tUS$539.0bUS$63.6b20.7x22.1x2.6x
Mon, 07 Apr 2025US$1.3tUS$526.8bUS$63.6b19.9x20.6x2.5x
Wed, 05 Mar 2025US$1.4tUS$526.8bUS$63.1b20.4x22x2.6x
Fri, 31 Jan 2025US$1.3tUS$527.2bUS$58.9b20.2x22.7x2.5x
Sun, 29 Dec 2024US$1.3tUS$523.4bUS$60.0b20x22x2.5x
Tue, 26 Nov 2024US$1.4tUS$533.3bUS$61.6b21.2x23.1x2.7x
Thu, 24 Oct 2024US$1.4tUS$523.0bUS$60.6b19.9x23.3x2.7x
Sat, 21 Sep 2024US$1.4tUS$522.9bUS$60.5b20x22.4x2.6x
Mon, 19 Aug 2024US$1.3tUS$522.9bUS$60.6b19.4x21.4x2.5x
Wed, 17 Jul 2024US$1.2tUS$517.6bUS$60.4b19.1x20.2x2.4x
Fri, 14 Jun 2024US$1.2tUS$518.0bUS$60.4b17.8x20.1x2.3x
Sun, 12 May 2024US$1.2tUS$518.4bUS$60.2b18.7x20.7x2.4x
Tue, 09 Apr 2024US$1.1tUS$528.1bUS$57.4b18.6x19.9x2.2x
Thu, 07 Mar 2024US$1.1tUS$526.3bUS$57.9b17.7x18.8x2.1x
Sat, 03 Feb 2024US$1.1tUS$544.3bUS$53.5b18.6x20.2x2x
Mon, 01 Jan 2024US$1.1tUS$543.9bUS$53.5b19.4x20.9x2.1x
Wed, 29 Nov 2023US$1.1tUS$543.9bUS$53.5b18.9x20.3x2x
Fri, 27 Oct 2023US$1.0tUS$550.1bUS$50.3b19.1x20.6x1.9x
Sun, 24 Sep 2023US$1.1tUS$549.8bUS$50.8b19.7x21.7x2x
Tue, 22 Aug 2023US$1.1tUS$549.3bUS$49.6b20x21.7x2x
Thu, 20 Jul 2023US$1.2tUS$551.7bUS$45.7b20.9x25.3x2.1x
Sat, 17 Jun 2023US$1.2tUS$551.4bUS$46.6b20.7x25x2.1x
Price to Earnings Ratio

25x


Total Market Cap: US$1.2tTotal Earnings: US$46.6bTotal Revenue: US$551.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Utilities Sector Price to Earnings3Y Average 22.2x202420252026
Current Industry PE
  • Investors are relatively neutral on the American Utilities industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 22.2x.
  • The 3-year average PS ratio of 2.5x is lower than the industry's current PS ratio of 2.7x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 14% per year over the last three years.
  • Revenues for these companies have grown 2.1% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the U.S. Utilities sector?

US Market-2.73%
Utilities0.45%
Other Utilities1.57%
Gas Utilities0.98%
Water Utilities0.85%
Electric Utilities0.46%
Renewable Energy-3.62%
Industry PE
  • Investors are most optimistic about the Other Utilities industry which is trading above its 3-year average PE ratio of 20.1x.
    • Analysts are expecting annual earnings growth of 12.5%, which is higher than its past year's earnings growth of 10.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 27% over the next 5 years.
  • This is better than its past earnings decline of 3.3% per year.
  • In contrast, the Gas Utilities industry is expected to see its earnings grow by 9.7% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
SO SouthernUS$91.282.5%
+US$2.5b		3.1%PE23.6x
DUK Duke EnergyUS$122.051.8%
+US$1.7b		5.7%PE18.8x
AEP American Electric Power CompanyUS$126.772.4%
+US$1.6b		25.0%PE18.9x
ETR EntergyUS$108.113.0%
+US$1.4b		30.6%PE27.8x
SRE SempraUS$89.002.1%
+US$1.2b		19.2%PE30.2x

Latest News

SO
US$92.95
Southern
7D
2.7%
1Y
4.1%
OKLO
US$56.48
Oklo
7D
-23.1%
1Y
7.5%
DUK
US$123.82
Duke Energy
7D
2.3%
1Y
6.4%
FRVO
US$33.57
Fervo Energy
7D
-10.8%
1Y
n/a
CEG
US$251.65
Constellation Energy
7D
-7.7%
1Y
-13.5%
PPL
US$35.75
PPL
7D
2.6%
1Y
6.0%
Narrative Update • Jun 08

PPL: Pennsylvania Settlement And 2026 Earnings Path Will Drive Future Upside

PPL's analyst price target edges slightly lower, with the average fair value estimate moving from about $41.53 to $41.20 as analysts fine tune their models following recent regulatory outcomes in Pennsylvania and modest adjustments to growth and margin assumptions. Analyst Commentary Research houses are generally fine tuning their PPL views around recent Pennsylvania regulatory decisions and sector moves, rather than making wholesale changes to their fundamental stance.
DTE
US$145.95
DTE Energy
7D
2.3%
1Y
8.2%
NRG
US$129.96
NRG Energy
7D
-2.7%
1Y
-12.6%
Narrative Update • Jun 06

NRG: LS Power Deal And Mixed Outlook Will Shape Future Earnings

NRG Energy's updated fair value estimate has moved from $124.23 to $132.39 as analysts factor in recent price target revisions, including Morgan Stanley's lift to $162 and other Street updates, while also reflecting revised expectations for revenue growth, profit margins, and future P/E assumptions. Analyst Commentary Recent research shows a mix of optimistic and cautious views on NRG Energy, with several firms refreshing price targets and ratings in a short span.
SRE
US$90.87
Sempra
7D
1.5%
1Y
19.6%
Narrative Update • Jun 06

SRE: LNG Milestone And Extended EPS Guidance Will Support Future Returns

Analysts have nudged their price target for Sempra slightly lower to about $103.62 from $104. This reflects updated views on fair value, growth, and margins while keeping core assumptions broadly steady.
NEE
US$84.83
NextEra Energy
7D
-1.0%
1Y
16.5%
New Narrative • Jun 06

Investor Thesis: Why the NextEra Energy / Dominion Energy Merger Could Be a Major AI Power Infrastructure Event

The proposed NextEra Energy and Dominion Energy merger should not be viewed as a traditional utility consolidation alone. In my opinion, the strategic value is much larger because Dominion gives NextEra direct exposure to one of the most important electricity-demand markets in the world: Northern Virginia’s data-center corridor.
WEC
US$113.10
WEC Energy Group
7D
2.6%
1Y
7.1%
ETR
US$109.66
Entergy
7D
1.9%
1Y
33.4%
TLN
US$358.74
Talen Energy
7D
-6.9%
1Y
40.6%
Narrative Update • Jun 03

TLN: Refinancing And Nuclear Projects Will Shape A Cautious Balanced Outlook

Analysts have raised the Talen Energy price target by $1 to $499, citing updated utility sector models and revised views following recent quarterly results and broader coverage changes. Analyst Commentary Recent research on Talen Energy shows a mix of optimism and caution, with several firms adjusting price targets around updated sector models, new coverage and reactions to quarterly results.
VST
US$146.22
Vistra
7D
-7.4%
1Y
-11.2%
Seeking Alpha • Jun 03

Vistra: A Buy On AI Demand, Nuclear Power, And Strong Cash Flow

Summary Vistra Corp. is rated a buy, driven by long-term PPAs with hyperscalers, robust EBITDA/FCFbG guidance, and strong market positioning. VST's Q1 2026 revenue rose to $5.63B with a 26.6% operating margin; adjusted EBITDA grew 20% YoY, supported by improved energy margins and acquisitions. Management guides for 20.4% FCFbG growth in FY26, excluding potential upside from new PPAs, while consensus expects EBITDA to reach $7.34B. Key risks include hyperscaler CapEx volatility, regulatory intervention, and valuation sensitivity despite the recent pullback from 52-week highs. Read the full article on Seeking Alpha
ED
US$106.40
Consolidated Edison
7D
2.5%
1Y
3.9%
AXIA
US$9.83
AXIA Energia
7D
-5.0%
1Y
32.5%