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U.S. Other Utilities Industry Analysis

UpdatedApr 21, 2026
DataAggregated Company Financials
Companies15
  • 7D-1.0%
  • 3M5.4%
  • 1Y14.1%
  • YTD7.2%

Over the last 7 days, the Other Utilities industry has remained flat. The past year has been better, since the industry has gained 15% in that time. Looking forward, earnings are forecast to grow by 11% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 21 Apr 2026US$404.0bUS$147.4bUS$17.5b21.1x23x2.7x
Thu, 19 Mar 2026US$408.1bUS$147.4bUS$17.5b21x23.3x2.8x
Sat, 14 Feb 2026US$399.1bUS$145.1bUS$17.4b21.8x22.9x2.8x
Mon, 12 Jan 2026US$365.8bUS$143.1bUS$17.4b19.2x21.1x2.6x
Wed, 10 Dec 2025US$365.5bUS$143.1bUS$17.4b19.1x21.1x2.6x
Fri, 07 Nov 2025US$374.0bUS$142.0bUS$17.0b19.8x22x2.6x
Sun, 05 Oct 2025US$377.7bUS$138.4bUS$17.1b20.7x22.1x2.7x
Tue, 02 Sep 2025US$363.5bUS$138.4bUS$17.1b20.2x21.3x2.6x
Thu, 31 Jul 2025US$366.4bUS$135.7bUS$16.7b21.2x22x2.7x
Sat, 28 Jun 2025US$349.0bUS$135.1bUS$16.8b20.2x20.8x2.6x
Mon, 26 May 2025US$354.5bUS$135.1bUS$16.8b20.6x21.1x2.6x
Wed, 23 Apr 2025US$346.4bUS$130.3bUS$15.9b22.4x21.8x2.7x
Fri, 21 Mar 2025US$350.8bUS$130.3bUS$15.9b22.2x22.1x2.7x
Sun, 16 Feb 2025US$348.1bUS$130.1bUS$16.3b20.5x21.4x2.7x
Tue, 14 Jan 2025US$327.0bUS$128.9bUS$16.3b18.4x20.1x2.5x
Thu, 12 Dec 2024US$343.9bUS$128.9bUS$16.3b19.6x21.1x2.7x
Sat, 09 Nov 2024US$340.2bUS$128.9bUS$16.3b20.3x20.9x2.6x
Mon, 07 Oct 2024US$347.0bUS$128.0bUS$15.7b19.9x22.1x2.7x
Wed, 04 Sep 2024US$331.0bUS$128.0bUS$15.7b19.5x21.1x2.6x
Fri, 02 Aug 2024US$319.6bUS$126.9bUS$15.7b19.2x20.3x2.5x
Sun, 30 Jun 2024US$297.3bUS$126.7bUS$15.7b17.3x18.9x2.3x
Tue, 28 May 2024US$304.6bUS$126.7bUS$15.7b18.1x19.4x2.4x
Thu, 25 Apr 2024US$293.4bUS$131.6bUS$17.2b17.3x17x2.2x
Sat, 23 Mar 2024US$285.6bUS$131.6bUS$17.2b16.6x16.6x2.2x
Mon, 19 Feb 2024US$277.8bUS$136.8bUS$17.6b16x15.8x2x
Wed, 17 Jan 2024US$286.6bUS$138.1bUS$17.2b16.6x16.7x2.1x
Fri, 15 Dec 2023US$298.6bUS$138.1bUS$17.2b17.6x17.4x2.2x
Sun, 12 Nov 2023US$274.3bUS$138.1bUS$17.2b16.4x16x2x
Tue, 10 Oct 2023US$268.9bUS$141.3bUS$16.6b17x16.2x1.9x
Thu, 07 Sep 2023US$277.4bUS$141.3bUS$16.6b17.4x16.7x2x
Sat, 05 Aug 2023US$290.1bUS$141.3bUS$16.6b18.5x17.5x2.1x
Mon, 03 Jul 2023US$298.7bUS$144.0bUS$14.9b19.7x20.1x2.1x
Wed, 31 May 2023US$292.2bUS$144.0bUS$14.9b19.4x19.7x2x
Fri, 28 Apr 2023US$318.2bUS$138.1bUS$12.5b21.7x25.4x2.3x
Price to Earnings Ratio

25.4x


Total Market Cap: US$318.2bTotal Earnings: US$12.5bTotal Revenue: US$138.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Other Utilities Industry Price to Earnings3Y Average 20.1x202420252026
Current Industry PE
  • Investors are optimistic on the American Integrated Utilities industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 23.0x which is higher than its 3-year average PE of 20.1x.
  • The 3-year average PS ratio of 2.4x is lower than the industry's current PS ratio of 2.7x.
Past Earnings Growth
  • The earnings for companies in the Integrated Utilities industry have grown 12% per year over the last three years.
  • Revenues for these companies have grown 2.2% 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 industry?

US Market3.58%
Utilities-1.10%
Other Utilities-1.03%
Multi-Utilities-1.03%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
NI NiSourceUS$47.781.3%
+US$282.8m		25.4%PE24.7x
BKH Black HillsUS$75.604.8%
+US$260.9m		26.6%PE19.7x
NWE NorthWestern Energy GroupUS$72.334.9%
+US$208.3m		24.6%PE24.5x
AVA AvistaUS$41.27-0.05%
US$10.2m		0.1%PE17.6x

Latest News

SRE
US$93.38
Sempra
7D
-3.0%
1Y
32.5%
ED
US$109.67
Consolidated Edison
7D
-2.0%
1Y
-1.2%
WEC
US$115.14
WEC Energy Group
7D
-1.0%
1Y
7.6%
NI
US$47.78
NiSource
7D
1.3%
1Y
25.4%

NI: Data Center Agreements And GenCo Framework Will Support Balanced Future Returns

Analysts have slightly lifted their price target for NiSource to $49.43 from $48.79, citing updated assumptions that combine a modestly higher revenue growth outlook with a small adjustment to expected profit margins and future P/E levels. What's in the News NiSource agreed a new long term energy supply contract with an Alphabet Inc.
NWE
US$72.33
NorthWestern Energy Group
7D
4.9%
1Y
24.6%

Merger With Black Hills And Data Center Demand Will Transform Long Term Prospects

Catalysts About NorthWestern Energy Group NorthWestern Energy Group is a regulated electric and natural gas utility serving customers in Montana, South Dakota and Nebraska. What are the underlying business or industry changes driving this perspective?
DTE
US$145.87
DTE Energy
7D
-1.1%
1Y
10.7%
PEG
US$80.74
Public Service Enterprise Group
7D
-0.6%
1Y
0.6%
CMS
US$77.04
CMS Energy
7D
-1.8%
1Y
6.9%

CMS: Michigan Policy And Data Center Demand Will Shape Execution And Valuation

Analysts have nudged their average price targets on CMS Energy higher by a few dollars, now centering around the low $80s. They cite recent research that focuses on regulatory and political developments in Michigan, data center load growth, capital plans, and updated views on future P/E assumptions.
BKH
US$75.60
Black Hills
7D
4.8%
1Y
26.6%

BKH: Dividend Progress And Merger Approval Will Shape Balanced Future Returns

Analysts have made a small adjustment to the Black Hills price target to $81.20. This reflects updated assumptions around future revenue growth and profit margins following a series of recent target hikes and an upgrade from several firms.
AEE
US$111.27
Ameren
7D
-0.5%
1Y
15.3%
AVA
US$41.27
Avista
7D
-0.05%
1Y
0.1%
D
US$62.22
Dominion Energy
7D
-1.2%
1Y
19.5%

D: Offshore Wind Progress And EPS Outlook Will Support Steady Long-Term Returns

Analysts have slightly raised their fair value estimate for Dominion Energy to $65.81 from $65.63, reflecting updated assumptions related to revenue growth, profit margins, and future P/E expectations. What's in the News Issued 2026 operating earnings guidance of $3.45 to $3.69 per share, with a midpoint of $3.57 per share that includes $0.07 per share of RNG 45Z income (company guidance).