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U.S. Utilities Sector Analysis

UpdatedMay 07, 2024
DataAggregated Company Financials
Companies115
  • 7D2.7%
  • 3M13.9%
  • 1Y-0.6%
  • YTD7.1%

Over the last 7 days, the Utilities industry has risen 2.5%, driven by gains from NextEra Energy of 5.7%. Overall in the last year, the industry is flat. As for the next few years, earnings are expected to grow by 9.6% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 07 May 2024US$1.2tUS$524.8bUS$58.2b19.1x20.7x2.3x
Thu, 04 Apr 2024US$1.2tUS$561.5bUS$56.9b18.4x20.7x2.1x
Sat, 02 Mar 2024US$1.1tUS$528.6bUS$57.9b17.5x18.7x2.1x
Mon, 29 Jan 2024US$1.1tUS$544.0bUS$53.2b18.1x20.3x2x
Wed, 27 Dec 2023US$1.1tUS$543.9bUS$53.5b19.3x20.7x2x
Fri, 24 Nov 2023US$1.1tUS$543.9bUS$53.5b18.8x20.2x2x
Sun, 22 Oct 2023US$1.0tUS$549.7bUS$50.8b18.5x19.8x1.8x
Tue, 19 Sep 2023US$1.1tUS$549.7bUS$50.8b20.2x22.1x2x
Thu, 17 Aug 2023US$1.1tUS$549.3bUS$49.6b20.3x22.2x2x
Sat, 15 Jul 2023US$1.2tUS$551.7bUS$45.7b20.8x25.4x2.1x
Mon, 12 Jun 2023US$1.1tUS$549.3bUS$46.6b20.4x24.7x2.1x
Wed, 10 May 2023US$1.2tUS$549.0bUS$46.6b20.8x25.5x2.2x
Fri, 07 Apr 2023US$1.2tUS$532.0bUS$45.0b21.7x26.9x2.3x
Sun, 05 Mar 2023US$1.1tUS$532.0bUS$45.0b20.2x25.4x2.2x
Tue, 31 Jan 2023US$1.2tUS$533.3bUS$50.5b21.1x23.5x2.2x
Thu, 29 Dec 2022US$1.2tUS$531.4bUS$50.1b21.1x24.3x2.3x
Sat, 26 Nov 2022US$1.2tUS$531.3bUS$50.1b21.6x24.4x2.3x
Mon, 24 Oct 2022US$1.1tUS$505.2bUS$45.1b19.2x24.2x2.2x
Wed, 21 Sep 2022US$1.3tUS$505.2bUS$45.1b22.1x29.3x2.6x
Fri, 19 Aug 2022US$1.3tUS$505.2bUS$45.1b23.3x29.5x2.6x
Sun, 17 Jul 2022US$1.2tUS$484.2bUS$43.7b22.8x27.4x2.5x
Tue, 14 Jun 2022US$1.2tUS$484.2bUS$43.7b22.1x26.7x2.4x
Thu, 12 May 2022US$1.2tUS$484.1bUS$42.7b23.8x28.6x2.5x
Sat, 09 Apr 2022US$1.3tUS$472.6bUS$40.6b25.5x32.4x2.8x
Mon, 07 Mar 2022US$1.2tUS$479.9bUS$41.4b23.3x29.6x2.6x
Wed, 02 Feb 2022US$1.2tUS$463.0bUS$40.3b23.1x29.6x2.6x
Fri, 31 Dec 2021US$1.2tUS$443.5bUS$39.3b23.4x31.7x2.8x
Sun, 28 Nov 2021US$1.2tUS$443.3bUS$39.3b22.2x29.6x2.6x
Tue, 26 Oct 2021US$1.2tUS$430.8bUS$41.8b22x28x2.7x
Thu, 23 Sep 2021US$1.1tUS$429.8bUS$42.1b21.4x26.9x2.6x
Sat, 21 Aug 2021US$1.2tUS$430.0bUS$42.1b22.4x28.1x2.8x
Sat, 05 Jun 2021US$1.1tUS$418.5bUS$40.8b22.5x27.2x2.7x
Price to Earnings Ratio

27.2x


Total Market Cap: US$1.1tTotal Earnings: US$40.8bTotal Revenue: US$418.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Utilities Sector Price to Earnings3Y Average 25.5x202220232024
Current Industry PE
  • Investors are pessimistic on the American Utilities industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 20.6x which is lower than its 3-year average PE of 25.5x.
  • The industry is trading close to its 3-year average PS ratio of 2.3x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 13% per year over the last three years.
  • Revenues for these companies have grown 7.8% 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 Market1.55%
Utilities2.66%
Renewable Energy6.15%
Water Utilities5.77%
Electric Utilities2.62%
Other Utilities1.85%
Gas Utilities1.13%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry even though it's trading below its 3-year average PE ratio of 419x.
    • Analysts are expecting annual earnings growth of 14.2%, which is higher than its past year's earnings decline of 57.5% per year.
  • Investors are most pessimistic about the Gas Utilities industry, which is trading below its 3-year average of 26.3x.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 14% over the next 5 years.
  • This is better than its past earnings decline of 58% per year.
  • In contrast, the Water Utilities industry is expected to see its earnings grow by 6.6% 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
NEE NextEra EnergyUS$71.255.7%
+US$7.9b		-6.3%PE19.5x
CEG Constellation EnergyUS$197.704.8%
+US$2.9b		151.2%PE38.4x
VST VistraUS$83.246.8%
+US$1.8b		256.0%PE21.6x
AWK American Water Works CompanyUS$130.256.5%
+US$1.6b		-11.7%PE26.5x
PEG Public Service Enterprise GroupUS$71.343.9%
+US$1.3b		12.4%PE19.7x
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NWN

US$37.86

Northwest Natural Holding

7D

-1.0%

1Y

-19.0%

SO

US$75.47

Southern

7D

1.5%

1Y

1.2%

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VST

US$83.24

Vistra

7D

6.8%

1Y

256.0%

EXC

US$37.55

Exelon

7D

-0.5%

1Y

-12.2%

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May 05
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PNW

US$76.01

Pinnacle West Capital

7D

1.5%

1Y

-4.8%

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May 05
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AWK

US$130.25

American Water Works Company

7D

6.5%

1Y

-11.7%

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May 05
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NEE

US$71.25

NextEra Energy

7D

5.7%

1Y

-6.3%

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ES

US$59.71

Eversource Energy

7D

-1.2%

1Y

-22.2%

UGI

US$24.35

UGI

7D

-5.3%

1Y

-19.1%

AEE

US$73.90

Ameren

7D

-0.6%

1Y

-17.1%

PEG

US$71.34

Public Service Enterprise Group

7D

3.9%

1Y

12.4%

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May 03
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DUK

US$100.42

Duke Energy

7D

1.7%

1Y

1.5%

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May 03
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SR

US$61.17

Spire

7D

-0.7%

1Y

-10.5%

CEG

US$197.70

Constellation Energy

7D

4.8%

1Y

151.2%

AEP

US$88.81

American Electric Power Company

7D

2.5%

1Y

-3.6%

XEL

US$54.36

Xcel Energy

7D

-0.2%

1Y

-21.6%