Southern (NYSE:SO) Hasn't Managed To Accelerate Its Returns
Nov 28
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U.S. Utilities Sector Analysis
UpdatedNov 29, 2024
DataAggregated Company Financials
Companies118
- 7D1.6%
- 3M8.5%
- 1Y30.4%
- YTD27.4%
In the last week, the Utilities industry is up 1.6%, with NextEra Energy up 3.5%. This takes the industry's 12 month performance to a gain of 30%. 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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 30 Nov 2024 | US$1.4t | US$533.3b | US$61.2b | 21.5x | 23.7x | 2.7x |
| Mon, 28 Oct 2024 | US$1.4t | US$523.5b | US$61.4b | 19.6x | 22.8x | 2.7x |
| Wed, 25 Sep 2024 | US$1.4t | US$522.9b | US$60.5b | 19.9x | 23.1x | 2.7x |
| Fri, 23 Aug 2024 | US$1.3t | US$522.9b | US$60.6b | 19.3x | 21.7x | 2.5x |
| Sun, 21 Jul 2024 | US$1.2t | US$517.6b | US$60.4b | 19.1x | 20.4x | 2.4x |
| Tue, 18 Jun 2024 | US$1.2t | US$517.6b | US$60.4b | 18x | 20x | 2.3x |
| Thu, 16 May 2024 | US$1.2t | US$517.8b | US$60.4b | 18.7x | 20.6x | 2.4x |
| Sat, 13 Apr 2024 | US$1.1t | US$528.1b | US$57.4b | 18.1x | 19.7x | 2.1x |
| Mon, 11 Mar 2024 | US$1.1t | US$526.3b | US$57.9b | 17.9x | 19.2x | 2.1x |
| Wed, 07 Feb 2024 | US$1.1t | US$541.4b | US$53.6b | 17.8x | 19.7x | 2x |
| Fri, 05 Jan 2024 | US$1.1t | US$543.9b | US$53.5b | 19.4x | 21.2x | 2.1x |
| Sun, 03 Dec 2023 | US$1.1t | US$543.9b | US$53.5b | 19.1x | 20.6x | 2x |
| Tue, 31 Oct 2023 | US$1.0t | US$550.0b | US$50.3b | 18.9x | 20.4x | 1.9x |
| Thu, 28 Sep 2023 | US$1.0t | US$554.7b | US$51.7b | 18.8x | 20.3x | 1.9x |
| Sat, 26 Aug 2023 | US$1.1t | US$549.7b | US$50.8b | 19.9x | 21.7x | 2x |
| Mon, 24 Jul 2023 | US$1.2t | US$551.7b | US$45.7b | 21.5x | 26.1x | 2.2x |
| Wed, 21 Jun 2023 | US$1.2t | US$551.9b | US$45.7b | 20.4x | 25.2x | 2.1x |
| Fri, 19 May 2023 | US$1.1t | US$549.1b | US$46.5b | 20.4x | 24.6x | 2.1x |
| Sun, 16 Apr 2023 | US$1.2t | US$531.9b | US$45.0b | 21.5x | 26.6x | 2.2x |
| Tue, 14 Mar 2023 | US$1.1t | US$532.0b | US$45.0b | 20.2x | 25x | 2.1x |
| Thu, 09 Feb 2023 | US$1.2t | US$535.5b | US$49.7b | 20.9x | 23.4x | 2.2x |
| Sat, 07 Jan 2023 | US$1.2t | US$531.4b | US$50.1b | 21.5x | 24.4x | 2.3x |
| Mon, 05 Dec 2022 | US$1.2t | US$531.7b | US$45.9b | 21.2x | 26.6x | 2.3x |
| Wed, 02 Nov 2022 | US$1.2t | US$514.3b | US$50.2b | 20.2x | 23.1x | 2.3x |
| Fri, 30 Sep 2022 | US$1.2t | US$505.2b | US$45.1b | 19.7x | 26.5x | 2.4x |
| Sun, 28 Aug 2022 | US$1.3t | US$505.3b | US$45.1b | 22.5x | 28.7x | 2.6x |
| Tue, 26 Jul 2022 | US$1.2t | US$485.6b | US$45.1b | 22.4x | 26.5x | 2.5x |
| Thu, 23 Jun 2022 | US$1.1t | US$484.3b | US$43.7b | 21.6x | 26.2x | 2.4x |
| Sat, 21 May 2022 | US$1.2t | US$484.2b | US$43.7b | 23.6x | 28.2x | 2.5x |
| Mon, 18 Apr 2022 | US$1.3t | US$473.4b | US$40.7b | 25.9x | 32x | 2.8x |
| Wed, 16 Mar 2022 | US$1.2t | US$479.9b | US$41.5b | 23.2x | 29.4x | 2.5x |
| Fri, 11 Feb 2022 | US$1.2t | US$465.6b | US$39.6b | 23.1x | 29.5x | 2.5x |
| Sun, 09 Jan 2022 | US$1.2t | US$443.5b | US$39.3b | 23.7x | 31.3x | 2.8x |
| Tue, 07 Dec 2021 | US$1.2t | US$443.3b | US$39.3b | 22.6x | 30.3x | 2.7x |
Price to Earnings Ratio
30.3x
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 2.7x.
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 | 0.49% | |
| Utilities | 1.60% | |
| Electric Utilities | 2.15% | |
| Other Utilities | 1.51% | |
| Gas Utilities | 1.05% | |
| Water Utilities | 0.86% | |
| Renewable Energy | -2.23% | |
Industry PE
- Investors are most optimistic about the Gas Utilities industry which is trading above its 3-year average PE ratio of 26.3x.
- Analysts are expecting annual earnings growth of 10.4%, which is higher than its past year's earnings growth of 4.1% per year.
- Investors are most pessimistic about the Other Utilities industry, which is trading close to its 3-year average of 24.3x.
Forecasted Growth
- Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 12% 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| NEE NextEra Energy | US$78.67 | 3.5% +US$5.5b | 33.0% | PE23.3x | |
| CEG Constellation Energy | US$256.56 | 2.7% +US$2.1b | 114.0% | PE28.1x | |
| DUK Duke Energy | US$117.05 | 2.0% +US$1.8b | 26.3% | PE20.9x | |
| SO Southern | US$89.13 | 1.7% +US$1.7b | 24.6% | PE20.7x | |
| AEP American Electric Power Company | US$99.86 | 2.3% +US$1.2b | 24.0% | PE20.2x |
