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U.S. Utilities Sector Analysis
UpdatedSep 26, 2024
DataAggregated Company Financials
Companies115
- 7D2.5%
- 3M15.8%
- 1Y32.1%
- YTD23.5%
In the last week, the Utilities industry is up 1.4%, with Constellation Energy up 27%. In the last 12 months, the industry was up 29%. 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 |
|---|---|---|---|---|---|---|
| Thu, 26 Sep 2024 | US$1.4t | US$522.9b | US$60.5b | 19.9x | 23x | 2.7x |
| Sat, 24 Aug 2024 | US$1.3t | US$522.9b | US$60.6b | 19.4x | 21.6x | 2.5x |
| Mon, 22 Jul 2024 | US$1.2t | US$517.6b | US$60.4b | 19.1x | 20.4x | 2.4x |
| Wed, 19 Jun 2024 | US$1.2t | US$517.6b | US$60.4b | 17.9x | 19.8x | 2.3x |
| Fri, 17 May 2024 | US$1.3t | US$517.8b | US$60.4b | 18.7x | 20.9x | 2.4x |
| Sun, 14 Apr 2024 | US$1.1t | US$528.1b | US$57.4b | 18.1x | 19.7x | 2.1x |
| Tue, 12 Mar 2024 | US$1.1t | US$526.3b | US$57.9b | 18.2x | 19.3x | 2.1x |
| Thu, 08 Feb 2024 | US$1.1t | US$540.7b | US$53.6b | 17.9x | 19.8x | 2x |
| Sat, 06 Jan 2024 | US$1.1t | US$543.9b | US$53.5b | 19.6x | 21.1x | 2.1x |
| Mon, 04 Dec 2023 | US$1.1t | US$543.9b | US$53.5b | 19.1x | 20.6x | 2x |
| Wed, 01 Nov 2023 | US$1.0t | US$550.1b | US$50.3b | 19x | 20.5x | 1.9x |
| Fri, 29 Sep 2023 | US$1.0t | US$554.7b | US$51.7b | 18.6x | 19.8x | 1.8x |
| Sun, 27 Aug 2023 | US$1.1t | US$549.7b | US$50.8b | 19.9x | 21.7x | 2x |
| Tue, 25 Jul 2023 | US$1.2t | US$551.7b | US$45.7b | 21.5x | 26x | 2.2x |
| Thu, 22 Jun 2023 | US$1.2t | US$551.9b | US$45.7b | 20.6x | 25.4x | 2.1x |
| Sat, 20 May 2023 | US$1.1t | US$549.1b | US$46.5b | 20.3x | 24.6x | 2.1x |
| Mon, 17 Apr 2023 | US$1.2t | US$531.9b | US$45.0b | 21.5x | 26.5x | 2.2x |
| Wed, 15 Mar 2023 | US$1.1t | US$532.0b | US$45.0b | 20.4x | 25.4x | 2.1x |
| Fri, 10 Feb 2023 | US$1.1t | US$536.7b | US$49.0b | 20.5x | 23.4x | 2.1x |
| Sun, 08 Jan 2023 | US$1.2t | US$531.4b | US$50.1b | 21.5x | 24.4x | 2.3x |
| Tue, 06 Dec 2022 | US$1.2t | US$531.7b | US$45.9b | 21.1x | 26.4x | 2.3x |
| Thu, 03 Nov 2022 | US$1.1t | US$514.8b | US$50.5b | 19.9x | 22.7x | 2.2x |
| Sat, 01 Oct 2022 | US$1.2t | US$505.2b | US$45.1b | 19.4x | 26x | 2.3x |
| Mon, 29 Aug 2022 | US$1.3t | US$505.3b | US$45.1b | 22.5x | 28.7x | 2.6x |
| Wed, 27 Jul 2022 | US$1.2t | US$485.6b | US$45.1b | 22.6x | 27x | 2.5x |
| Fri, 24 Jun 2022 | US$1.2t | US$484.3b | US$43.7b | 22x | 26.7x | 2.4x |
| Sun, 22 May 2022 | US$1.2t | US$484.2b | US$43.7b | 23.6x | 28.2x | 2.5x |
| Tue, 19 Apr 2022 | US$1.3t | US$473.4b | US$40.7b | 25.7x | 31.9x | 2.7x |
| Thu, 17 Mar 2022 | US$1.2t | US$479.9b | US$41.5b | 23.1x | 29.6x | 2.6x |
| Sat, 12 Feb 2022 | US$1.2t | US$467.9b | US$40.5b | 23.2x | 28.9x | 2.5x |
| Mon, 10 Jan 2022 | US$1.2t | US$443.5b | US$39.3b | 23.7x | 31.3x | 2.8x |
| Wed, 08 Dec 2021 | US$1.2t | US$443.3b | US$39.3b | 22.6x | 30.3x | 2.7x |
| Fri, 05 Nov 2021 | US$1.2t | US$437.1b | US$39.0b | 21.6x | 29.8x | 2.7x |
| Sun, 03 Oct 2021 | US$1.1t | US$429.8b | US$42.1b | 21.3x | 26.3x | 2.6x |
Price to Earnings Ratio
26.3x
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 24.7x.
- 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 13% per year over the last three years.
- Revenues for these companies have grown 6.8% 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 | 1.85% | |
| Utilities | 2.52% | |
| Renewable Energy | 14.18% | |
| Electric Utilities | 2.64% | |
| Other Utilities | 0.93% | |
| Gas Utilities | 0.50% | |
| Water Utilities | -2.96% | |
Industry PE
- Investors are most optimistic about the Renewable Energy industry even though it's trading below its 3-year average PE ratio of 420x.
- Analysts are expecting annual earnings growth of 18.1%, which is lower than the prior year's growth of 39.5% per year.
- Investors are most pessimistic about the Gas Utilities industry, which is trading below its 3-year average of 26.2x.
Forecasted Growth
- Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 18% over the next 5 years.
- However this is lower than its past earnings growth rate of 40% per year.
- In contrast, the Water Utilities industry is expected to see its earnings grow by 7.4% 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 | |
|---|---|---|---|---|---|
| CEG Constellation Energy | US$262.86 | 31.2% +US$19.6b | 137.3% | PE34.4x | |
| VST Vistra | US$119.08 | 30.6% +US$9.6b | 257.4% | PE85.8x | |
| PEG Public Service Enterprise Group | US$88.24 | 4.7% +US$2.0b | 52.4% | PE26.6x | |
| NRG NRG Energy | US$89.24 | 8.9% +US$1.5b | 131.3% | PE9.2x | |
| TLN Talen Energy | US$190.02 | 11.1% +US$969.0m | 256.8% | PE11.4x |
