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U.S. Utilities Sector Analysis

UpdatedMay 21, 2026
DataAggregated Company Financials
Companies115
  • 7D-0.4%
  • 3M-3.3%
  • 1Y10.5%
  • YTD2.6%

Over the last 7 days, the Utilities industry has dropped 2.3%, driven by Constellation Energy declining 11%. Meanwhile, Dominion Energy actually outperformed within the industry, gaining 8.3% in the last week. Over the past 12 months, the industry was up 7.6%. As for the next few years, earnings are expected to grow by 12% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 21 May 2026US$1.6tUS$597.7bUS$70.2b21.3x23x2.7x
Sat, 18 Apr 2026US$1.7tUS$568.0bUS$67.5b21.9x24.9x3x
Mon, 16 Mar 2026US$1.7tUS$567.9bUS$67.6b21.8x24.9x3x
Wed, 11 Feb 2026US$1.6tUS$560.9bUS$67.7b20.9x23.2x2.8x
Fri, 09 Jan 2026US$1.5tUS$556.5bUS$68.6b19.6x21.8x2.7x
Sun, 07 Dec 2025US$1.5tUS$558.0bUS$68.7b19.7x22.4x2.8x
Tue, 04 Nov 2025US$1.6tUS$556.4bUS$65.1b21.2x24.4x2.9x
Thu, 02 Oct 2025US$1.6tUS$549.9bUS$63.6b21x24.5x2.8x
Sat, 30 Aug 2025US$1.5tUS$549.2bUS$63.7b20.6x23.5x2.7x
Mon, 28 Jul 2025US$1.5tUS$541.4bUS$64.2b21.6x23.2x2.8x
Wed, 25 Jun 2025US$1.4tUS$540.2bUS$64.0b20.6x22.5x2.7x
Fri, 23 May 2025US$1.4tUS$540.1bUS$64.0b20.7x22.2x2.6x
Sun, 20 Apr 2025US$1.4tUS$526.6bUS$63.6b20.8x21.5x2.6x
Tue, 18 Mar 2025US$1.4tUS$526.8bUS$63.1b20.5x21.8x2.6x
Thu, 13 Feb 2025US$1.4tUS$524.3bUS$61.9b20.5x22.3x2.6x
Sat, 11 Jan 2025US$1.3tUS$528.1bUS$58.6b19.2x22.6x2.5x
Mon, 09 Dec 2024US$1.4tUS$533.3bUS$61.2b20.7x22.8x2.6x
Wed, 06 Nov 2024US$1.4tUS$530.4bUS$63.3b20x21.4x2.6x
Fri, 04 Oct 2024US$1.4tUS$522.9bUS$60.5b19.8x23.4x2.7x
Sun, 01 Sep 2024US$1.3tUS$522.9bUS$60.5b19.5x21.9x2.5x
Tue, 30 Jul 2024US$1.3tUS$518.2bUS$59.8b19.4x20.9x2.4x
Thu, 27 Jun 2024US$1.2tUS$517.6bUS$60.4b17.9x20x2.3x
Sat, 25 May 2024US$1.2tUS$518.1bUS$60.4b18.1x20.4x2.4x
Mon, 22 Apr 2024US$1.1tUS$528.1bUS$57.4b18.7x19.9x2.2x
Wed, 20 Mar 2024US$1.1tUS$527.9bUS$57.4b18.2x19.5x2.1x
Fri, 16 Feb 2024US$1.1tUS$539.1bUS$53.2b18.2x19.9x2x
Sun, 14 Jan 2024US$1.1tUS$543.9bUS$53.5b19x20.8x2x
Tue, 12 Dec 2023US$1.1tUS$543.9bUS$53.5b19.1x20.7x2x
Thu, 09 Nov 2023US$1.1tUS$545.4bUS$53.1b18.6x20.1x2x
Sat, 07 Oct 2023US$1.0tUS$554.7bUS$51.7b18.7x19.7x1.8x
Mon, 04 Sep 2023US$1.1tUS$549.7bUS$50.8b19.7x21.4x2x
Wed, 02 Aug 2023US$1.2tUS$550.6bUS$46.9b20.9x24.7x2.1x
Fri, 30 Jun 2023US$1.1tUS$551.9bUS$45.7b20x24.7x2x
Sun, 28 May 2023US$1.1tUS$549.1bUS$46.5b19.9x24.1x2x
Price to Earnings Ratio

24.1x


Total Market Cap: US$1.1tTotal Earnings: US$46.5bTotal Revenue: US$549.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Utilities Sector Price to Earnings3Y Average 22.3x202420252026
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 22.3x.
  • The industry is trading close to its 3-year average PS ratio of 2.5x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 15% per year over the last three years.
  • Revenues for these companies have grown 2.9% 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-0.32%
Utilities-0.41%
Other Utilities1.22%
Renewable Energy0.32%
Gas Utilities0.019%
Electric Utilities-1.06%
Water Utilities-3.24%
Industry PE
  • Investors are most optimistic about the Gas Utilities industry even though it's trading below its 3-year average PE ratio of 30.2x.
    • Analysts are expecting annual earnings growth of 9.6%, which is lower than the prior year's growth of 19.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 26% over the next 5 years.
  • This is better than its past earnings decline of 3.3% per year.
  • In contrast, the Gas Utilities industry is expected to see its earnings grow by 9.6% 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
D Dominion EnergyUS$67.738.0%
+US$4.4b		19.8%PE20.4x
CEG Constellation EnergyUS$281.262.3%
+US$2.3b		-2.0%PE26.8x
FE FirstEnergyUS$45.443.0%
+US$763.5m		7.5%PE24.7x
EXC ExelonUS$44.871.4%
+US$613.9m		1.5%PE16.5x
NRG NRG EnergyUS$133.982.2%
+US$611.9m		-13.8%PE164.3x

Latest News

D
US$67.73
Dominion Energy
7D
8.0%
1Y
19.8%
NEE
US$88.27
NextEra Energy
7D
-6.9%
1Y
23.4%
AWK
US$122.36
American Water Works Company
7D
-3.9%
1Y
-14.7%
OKLO
US$62.58
Oklo
7D
-10.2%
1Y
70.0%
EXC
US$44.87
Exelon
7D
1.4%
1Y
1.5%
VST
US$144.00
Vistra
7D
1.0%
1Y
-5.3%
FE
US$45.44
FirstEnergy
7D
3.0%
1Y
7.5%
EIX
US$69.74
Edison International
7D
-1.2%
1Y
22.5%
PCG
US$16.31
PG&E
7D
-1.7%
1Y
-6.3%
CEG
US$281.26
Constellation Energy
7D
2.3%
1Y
-2.0%
WEC
US$110.65
WEC Energy Group
7D
-1.4%
1Y
3.9%
ATO
US$176.00
Atmos Energy
7D
-2.2%
1Y
12.1%
Analysis Article • May 15

Atmos Energy (NYSE:ATO) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of

Atmos Energy Corporation ( NYSE:ATO ) announced strong profits, but the stock was stagnant. Our analysis suggests that...
AEP
US$128.87
American Electric Power Company
7D
0.7%
1Y
25.2%
NRG
US$133.98
NRG Energy
7D
2.2%
1Y
-13.8%
SO
US$93.62
Southern
7D
0.5%
1Y
4.4%
Narrative Update • May 10

SO: Fair Outlook Will Weigh Dividend Support Against Dam Safety Progress

Analysts have trimmed their price target on Southern to $101.71 from $101.87 as small shifts in the discount rate, revenue growth assumptions, profit margin outlook, and future P/E estimates narrow their view of the upside from here. What's in the News Southern Company announced a regular quarterly dividend of $0.76 per share on its common stock, payable June 8, 2026, to shareholders of record as of May 18, 2026, with the annualized dividend rate set at $3.04 per share (Key Developments).
WTRG
US$36.54
Essential Utilities
7D
-3.6%
1Y
-6.0%