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U.S. Utilities Sector Analysis

UpdatedNov 20, 2024
DataAggregated Company Financials
Companies119
  • 7D2.0%
  • 3M6.4%
  • 1Y29.2%
  • YTD23.5%

The Utilities industry is up 2.0% in the last week, with NextEra Energy up 3.8%. This means that the industry has gained 29% over the past year. As for the next few years, earnings are expected to grow by 10% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 20 Nov 2024US$1.4tUS$533.5bUS$61.5b20.6x22.7x2.6x
Fri, 18 Oct 2024US$1.4tUS$522.9bUS$60.5b20.1x23.6x2.7x
Sun, 15 Sep 2024US$1.4tUS$522.9bUS$60.5b20.1x22.5x2.6x
Tue, 13 Aug 2024US$1.3tUS$522.9bUS$60.7b19.3x21.2x2.5x
Thu, 11 Jul 2024US$1.2tUS$517.6bUS$60.4b18.1x19.9x2.3x
Sat, 08 Jun 2024US$1.2tUS$518.2bUS$60.4b17.9x20.3x2.4x
Mon, 06 May 2024US$1.2tUS$524.8bUS$58.2b18.8x20.6x2.3x
Wed, 03 Apr 2024US$1.2tUS$561.5bUS$56.9b18.5x20.8x2.1x
Fri, 01 Mar 2024US$1.1tUS$528.7bUS$57.9b17.5x18.7x2x
Sun, 28 Jan 2024US$1.1tUS$544.0bUS$53.2b18.1x20.3x2x
Tue, 26 Dec 2023US$1.1tUS$543.9bUS$53.5b19.2x20.7x2x
Thu, 23 Nov 2023US$1.1tUS$544.4bUS$53.5b18.7x20.2x2x
Sat, 21 Oct 2023US$1.0tUS$549.7bUS$50.8b18.5x19.8x1.8x
Mon, 18 Sep 2023US$1.1tUS$549.8bUS$50.8b20.2x22.1x2x
Wed, 16 Aug 2023US$1.1tUS$549.3bUS$49.6b20.2x22.1x2x
Fri, 14 Jul 2023US$1.2tUS$551.7bUS$45.7b21x25.6x2.1x
Sun, 11 Jun 2023US$1.1tUS$549.3bUS$46.6b20.4x24.7x2.1x
Tue, 09 May 2023US$1.2tUS$546.9bUS$45.5b20.8x26.2x2.2x
Thu, 06 Apr 2023US$1.2tUS$532.0bUS$45.0b21.4x26.6x2.3x
Sat, 04 Mar 2023US$1.1tUS$532.0bUS$45.0b20.2x25.4x2.2x
Mon, 30 Jan 2023US$1.2tUS$533.3bUS$50.5b21.2x23.6x2.2x
Wed, 28 Dec 2022US$1.2tUS$531.4bUS$50.1b21.3x24.5x2.3x
Fri, 25 Nov 2022US$1.2tUS$531.3bUS$50.1b21.4x24.2x2.3x
Sun, 23 Oct 2022US$1.1tUS$505.2bUS$45.1b19.2x24.2x2.2x
Tue, 20 Sep 2022US$1.3tUS$505.2bUS$45.1b22.3x29.8x2.7x
Thu, 18 Aug 2022US$1.3tUS$505.2bUS$45.1b23.4x29.4x2.6x
Sat, 16 Jul 2022US$1.2tUS$484.2bUS$43.7b22.8x27.4x2.5x
Mon, 13 Jun 2022US$1.2tUS$484.2bUS$43.7b23.2x27.9x2.5x
Wed, 11 May 2022US$1.2tUS$483.8bUS$42.8b23.7x28.4x2.5x
Fri, 08 Apr 2022US$1.3tUS$472.6bUS$40.6b25.4x32.3x2.8x
Sun, 06 Mar 2022US$1.2tUS$479.9bUS$41.5b23.3x29.6x2.6x
Tue, 01 Feb 2022US$1.2tUS$463.0bUS$40.3b23.5x30x2.6x
Thu, 30 Dec 2021US$1.2tUS$443.5bUS$39.3b23.4x31.6x2.8x
Sat, 27 Nov 2021US$1.2tUS$443.3bUS$39.3b22.2x29.6x2.6x
Price to Earnings Ratio

29.6x


Total Market Cap: US$1.2tTotal Earnings: US$39.3bTotal Revenue: US$443.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Utilities Sector Price to Earnings3Y Average 24.4x202220232024
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 24.4x.
  • The 3-year average PS ratio of 2.3x is lower than the industry's current PS ratio of 2.6x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 16% per year over the last three years.
  • Revenues for these companies have grown 6.4% 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-1.19%
Utilities2.01%
Renewable Energy5.82%
Water Utilities2.38%
Electric Utilities1.95%
Other Utilities1.39%
Gas Utilities1.02%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry even though it's trading below its 3-year average PE ratio of 424x.
    • Analysts are expecting annual earnings growth of 15.1%, which is higher than its past year's earnings growth of 12.9% per year.
  • Investors are most pessimistic about the Other Utilities industry, which is trading below its 3-year average of 24.4x.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 15% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Water Utilities industry is expected to see its earnings grow by 7.0% 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$77.083.8%
+US$5.8b		34.1%PE22.8x
VST VistraUS$154.869.0%
+US$4.3b		344.9%PE28.4x
CEG Constellation EnergyUS$234.583.8%
+US$2.7b		90.3%PE25.7x
AEP American Electric Power CompanyUS$96.703.6%
+US$1.8b		23.6%PE19.5x
DUK Duke EnergyUS$113.582.0%
+US$1.8b		25.7%PE20.3x
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