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U.S. Other Utilities Industry Analysis

UpdatedJan 11, 2026
DataAggregated Company Financials
Companies15
  • 7D-1.3%
  • 3M-3.8%
  • 1Y9.9%
  • YTD-1.3%

Over the last 7 days, the Other Utilities industry has dropped 1.3%, driven by declines in Public Service Enterprise Group and Dominion Energy of 2.9% and 2.1%, respectively. Over the past 12 months, the industry was up 9.9%. 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
Sun, 11 Jan 2026US$365.8bUS$143.1bUS$17.4b19.2x21.1x2.6x
Tue, 09 Dec 2025US$368.7bUS$143.1bUS$17.4b19.1x21.3x2.6x
Thu, 06 Nov 2025US$375.1bUS$141.0bUS$17.3b20.1x21.6x2.7x
Sat, 04 Oct 2025US$373.2bUS$138.4bUS$17.1b20.7x21.9x2.7x
Mon, 01 Sep 2025US$363.5bUS$138.4bUS$17.1b20.2x21.3x2.6x
Wed, 30 Jul 2025US$361.9bUS$135.7bUS$16.7b21.3x21.7x2.7x
Fri, 27 Jun 2025US$347.7bUS$135.1bUS$16.8b20.2x20.7x2.6x
Sun, 25 May 2025US$354.5bUS$135.1bUS$16.8b20.6x21.1x2.6x
Tue, 22 Apr 2025US$352.4bUS$130.3bUS$15.9b22x22.2x2.7x
Thu, 20 Mar 2025US$350.0bUS$130.3bUS$15.9b22.2x22x2.7x
Sat, 15 Feb 2025US$349.8bUS$130.1bUS$16.3b20.5x21.5x2.7x
Mon, 13 Jan 2025US$327.0bUS$128.9bUS$16.3b18.4x20.1x2.5x
Wed, 11 Dec 2024US$344.9bUS$128.9bUS$16.3b19.7x21.2x2.7x
Fri, 08 Nov 2024US$342.1bUS$128.6bUS$16.3b19.7x21x2.7x
Sun, 06 Oct 2024US$347.0bUS$128.0bUS$15.7b19.9x22.1x2.7x
Tue, 03 Sep 2024US$331.0bUS$128.0bUS$15.7b19.3x21.1x2.6x
Thu, 01 Aug 2024US$319.6bUS$127.3bUS$15.9b18.7x20.2x2.5x
Sat, 29 Jun 2024US$297.7bUS$126.7bUS$15.7b17.3x19x2.4x
Mon, 27 May 2024US$304.6bUS$126.7bUS$15.7b18.1x19.4x2.4x
Wed, 24 Apr 2024US$293.4bUS$131.6bUS$17.2b17.1x17x2.2x
Fri, 22 Mar 2024US$285.3bUS$131.6bUS$17.2b16.6x16.6x2.2x
Sun, 18 Feb 2024US$277.8bUS$136.8bUS$17.6b16x15.8x2x
Tue, 16 Jan 2024US$286.6bUS$138.1bUS$17.2b17.1x16.7x2.1x
Thu, 14 Dec 2023US$288.1bUS$138.1bUS$17.2b18.5x16.8x2.1x
Sat, 11 Nov 2023US$272.9bUS$138.1bUS$17.2b16.4x15.9x2x
Mon, 09 Oct 2023US$265.1bUS$141.3bUS$16.6b16.9x15.9x1.9x
Wed, 06 Sep 2023US$277.6bUS$141.3bUS$16.6b17.4x16.7x2x
Fri, 04 Aug 2023US$293.9bUS$141.5bUS$15.6b18.6x18.8x2.1x
Sun, 02 Jul 2023US$298.6bUS$144.0bUS$14.9b19.7x20.1x2.1x
Tue, 30 May 2023US$293.2bUS$144.0bUS$14.9b19.5x19.7x2x
Thu, 27 Apr 2023US$314.6bUS$138.1bUS$12.5b21.6x25.1x2.3x
Sat, 25 Mar 2023US$299.0bUS$138.1bUS$12.5b20.5x23.8x2.2x
Mon, 20 Feb 2023US$312.4bUS$138.5bUS$12.5b21x25.1x2.3x
Wed, 18 Jan 2023US$321.4bUS$134.2bUS$13.1b21.7x24.6x2.4x
Price to Earnings Ratio

24.6x


Total Market Cap: US$321.4bTotal Earnings: US$13.1bTotal Revenue: US$134.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Other Utilities Industry Price to Earnings3Y Average 20.3x202420252026
Current Industry PE
  • Investors are relatively neutral on the American Integrated 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 20.3x.
  • The industry is trading close to its 3-year average PS ratio of 2.4x.
Past Earnings Growth
  • The earnings for companies in the Integrated Utilities industry have grown 9.9% 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 Market1.88%
Utilities-1.33%
Other Utilities-1.33%
Multi-Utilities-1.33%
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
BKH Black HillsUS$70.721.5%
+US$80.8m		26.9%PE18.7x
NWE NorthWestern Energy GroupUS$66.011.9%
+US$77.4m		29.2%PE18.7x
AVA AvistaUS$38.930.5%
+US$17.1m		10.6%PE16.8x

Latest News

AEE
US$99.91
Ameren
7D
-0.9%
1Y
13.5%

AEE: Rising Load Demand And Supportive Outlook Will Drive Future Earnings

Analysts have inched their blended price target for Ameren higher to about $112, citing sector wide re-ratings, recent target increases into the $109 to $114 range, and expectations that the company can participate in utilities growth themes tied to load demand and earnings trajectories. Analyst Commentary Recent Street research around Ameren clusters around higher price targets and how the company fits into broader utilities themes such as load growth, data center demand, and regulatory outcomes.
CNP
US$37.89
CenterPoint Energy
7D
-2.2%
1Y
21.5%

CNP: Long Term Plan Will Harness Industrial And Data Center Demand

Analysts have raised their average price target for CenterPoint Energy to about $42.31, supported by a series of recent target increases into the high $30s to mid $40s that reflect views on earnings growth drivers, solid demand trends, regulatory visibility, and updated P/E-based valuations. Analyst Commentary Recent research on CenterPoint Energy centers on how its execution, regulatory profile, and valuation stack up against peers in the utilities group, with most activity focused on refinements to price targets and views on earnings drivers.
AVA
US$38.93
Avista
7D
0.5%
1Y
10.6%

There's Been No Shortage Of Growth Recently For Avista's (NYSE:AVA) Returns On Capital

Jan 09
There's Been No Shortage Of Growth Recently For Avista's (NYSE:AVA) Returns On Capital
BKH
US$70.72
Black Hills
7D
1.5%
1Y
26.9%

BKH: Ready Wyoming And Nebraska Rate Case Will Support Steady Outlook

Analysts kept their fair value estimate for Black Hills steady at about $76.50 per share, citing only minor tweaks to discount rate, revenue growth, profit margin and forward P/E assumptions that did not materially shift their overall price target view. What's in the News Completed the 260 mile Ready Wyoming electric transmission project, a US$350 million expansion that connects Black Hills' electric systems in South Dakota and Wyoming.
CMS
US$69.99
CMS Energy
7D
-0.6%
1Y
7.5%

CMS: Constructive Michigan Regulation And Data Center Demand Will Shape Future Returns

Analysts have inched their blended fair value estimate for CMS Energy to about $78.38 per share, reflecting slightly higher price targets in recent research that highlight steady earnings expectations, supportive regulatory outcomes in Michigan, and ongoing interest in utilities as the group gains more attention. Analyst Commentary Recent research on CMS Energy clusters around a mid to high $70s fair value range, with a mix of cautious and constructive views on both execution and valuation.
SRE
US$88.82
Sempra
7D
-1.0%
1Y
12.8%
WEC
US$104.65
WEC Energy Group
7D
-1.7%
1Y
12.0%

WEC: Premium Position Will Rely On Constructive Regulation And Execution Consistency

Analysts have nudged their fair value estimate for WEC Energy Group slightly lower to about $121 from roughly $121.40. This adjustment reflects a modest recalibration of revenue growth assumptions, a slightly higher projected profit margin, and updated Street price targets clustered in the $120 to $131 range.
ED
US$99.21
Consolidated Edison
7D
-0.8%
1Y
12.5%
PEG
US$78.68
Public Service Enterprise Group
7D
-2.9%
1Y
-6.6%

There's Reason For Concern Over Public Service Enterprise Group Incorporated's (NYSE:PEG) Price

Jan 03
There's Reason For Concern Over Public Service Enterprise Group Incorporated's (NYSE:PEG) Price
NWE
US$66.01
NorthWestern Energy Group
7D
1.9%
1Y
29.2%

NWE: EPS Guidance And Merger Progress Will Shape Moderate Multiyear Outlook

Analysts have nudged their price target on NorthWestern Energy Group modestly higher to reflect slightly stronger revenue growth expectations, supported by reaffirmed 4% to 6% EPS growth guidance, a $2.7 billion 2025 to 2029 capital plan, and consistent earnings outperformance. Analyst Commentary Analysts highlight that NorthWestern Energy's reaffirmed guidance and capital plan support a stable, modest growth profile but also note execution and financing risks that could weigh on valuation if not managed carefully.
D
US$57.98
Dominion Energy
7D
-2.1%
1Y
8.6%

D: Offshore Wind Progress And Earnings Outlook Will Support Steady Future Returns

Narrative Update on Analyst Price Target Analysts have trimmed their average price target on Dominion Energy by approximately $0.20 per share, reflecting slightly softer revenue growth expectations, partially offset by modestly improved profit margin and valuation assumptions. What's in the News Dominion Energy defended its Coastal Virginia Offshore Wind Project as essential to national security and Virginia grid reliability, warning that any halt could threaten power supplies for military, AI, data center, and shipbuilding operations, increase energy costs, and jeopardize thousands of jobs (Regulatory Authority – Compliance).