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U.S. Utilities Sector Analysis

UpdatedFeb 20, 2026
DataAggregated Company Financials
Companies114
  • 7D1.5%
  • 3M4.4%
  • 1Y15.4%
  • YTD5.8%

Over the last 7 days, the Utilities industry has risen 1.5%, driven by gains from Constellation Energy of 5.6%. This means that the industry has gained 15% over the past year. Earnings are forecast to grow by 12% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 20 Feb 2026US$1.6tUS$565.8bUS$69.3b21.6x23.7x2.9x
Sun, 18 Jan 2026US$1.6tUS$556.5bUS$68.6b20.5x22.9x2.8x
Tue, 16 Dec 2025US$1.5tUS$558.0bUS$68.7b19.6x22.2x2.7x
Thu, 13 Nov 2025US$1.6tUS$559.5bUS$68.0b20.4x23.6x2.9x
Sat, 11 Oct 2025US$1.6tUS$549.9bUS$63.6b21.2x25.4x2.9x
Mon, 08 Sep 2025US$1.5tUS$549.2bUS$63.7b20.4x23.2x2.7x
Wed, 06 Aug 2025US$1.5tUS$547.0bUS$63.8b20.9x24.2x2.8x
Fri, 04 Jul 2025US$1.4tUS$540.7bUS$63.8b20.6x22.6x2.7x
Sun, 01 Jun 2025US$1.4tUS$540.1bUS$64.0b20.9x22.4x2.7x
Tue, 29 Apr 2025US$1.4tUS$528.6bUS$62.1b20.8x22.2x2.6x
Thu, 27 Mar 2025US$1.4tUS$526.8bUS$63.5b20.5x21.3x2.6x
Sat, 22 Feb 2025US$1.4tUS$525.9bUS$62.1b20.6x22.5x2.7x
Mon, 20 Jan 2025US$1.4tUS$528.1bUS$58.6b19.9x23.4x2.6x
Wed, 18 Dec 2024US$1.3tUS$532.1bUS$61.1b19.8x22x2.5x
Fri, 15 Nov 2024US$1.4tUS$533.4bUS$61.3b20.2x22.4x2.6x
Sun, 13 Oct 2024US$1.4tUS$522.9bUS$60.5b19.6x22.8x2.6x
Tue, 10 Sep 2024US$1.3tUS$522.9bUS$60.5b19.5x22x2.5x
Thu, 08 Aug 2024US$1.3tUS$522.0bUS$60.8b19.4x20.9x2.4x
Sat, 06 Jul 2024US$1.2tUS$517.6bUS$60.4b18x19.8x2.3x
Mon, 03 Jun 2024US$1.3tUS$518.1bUS$60.4b18.3x20.9x2.4x
Wed, 01 May 2024US$1.2tUS$525.8bUS$57.8b18.9x20.2x2.2x
Fri, 29 Mar 2024US$1.2tUS$528.3bUS$57.3b18.5x20.6x2.2x
Sun, 25 Feb 2024US$1.1tUS$534.3bUS$54.4b17.6x19.9x2x
Tue, 23 Jan 2024US$1.1tUS$543.9bUS$53.5b18x20x2x
Thu, 21 Dec 2023US$1.1tUS$543.9bUS$53.5b18.9x21x2.1x
Sat, 18 Nov 2023US$1.1tUS$545.0bUS$53.3b18.8x20.3x2x
Mon, 16 Oct 2023US$1.0tUS$554.7bUS$51.7b19x20.3x1.9x
Wed, 13 Sep 2023US$1.1tUS$549.8bUS$50.8b20.1x21.7x2x
Fri, 11 Aug 2023US$1.1tUS$548.7bUS$49.5b20.9x22.7x2x
Sun, 09 Jul 2023US$1.1tUS$551.7bUS$45.7b20.4x24.9x2.1x
Tue, 06 Jun 2023US$1.1tUS$549.1bUS$46.5b20x24.3x2.1x
Thu, 04 May 2023US$1.2tUS$539.2bUS$48.3b21.3x24.4x2.2x
Sat, 01 Apr 2023US$1.2tUS$532.0bUS$45.1b20.9x26.1x2.2x
Mon, 27 Feb 2023US$1.2tUS$531.2bUS$46.9b20.6x24.6x2.2x
Price to Earnings Ratio

24.6x


Total Market Cap: US$1.2tTotal Earnings: US$46.9bTotal Revenue: US$531.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Utilities Sector Price to Earnings3Y Average 22.4x202420252026
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 22.4x.
  • The 3-year average PS ratio of 2.4x is lower than the industry's current PS ratio of 2.9x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 14% per year over the last three years.
  • Revenues for these companies have grown 2.1% 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 Market0.64%
Utilities1.54%
Renewable Energy2.81%
Water Utilities1.99%
Electric Utilities1.84%
Other Utilities0.76%
Gas Utilities-0.20%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 75.4x.
    • Analysts are expecting annual earnings growth of 29.4%, which is higher than its past year's earnings decline of 3.5% per year.
  • Investors are most pessimistic about the Water Utilities industry, which is trading below its 3-year average of 25.4x.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 29% over the next 5 years.
  • This is better than its past earnings decline of 3.5% per year.
  • In contrast, the Water Utilities industry is expected to see its earnings grow by 8.6% 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
CEG Constellation EnergyUS$291.665.6%
+US$5.6b		-5.7%PE38.6x
VST VistraUS$172.505.8%
+US$3.2b		5.7%PE60.9x
NRG NRG EnergyUS$175.018.2%
+US$2.8b		57.6%PE27.3x
SO SouthernUS$95.052.7%
+US$2.7b		8.2%PE23.5x
EIX Edison InternationalUS$72.665.2%
+US$1.4b		40.0%PE6.3x

Latest News

BEPC
US$42.46
Brookfield Renewable
7D
-1.4%
1Y
44.6%
MDU
US$20.25
MDU Resources Group
7D
-2.7%
1Y
21.3%
VST
US$172.50
Vistra
7D
5.8%
1Y
5.7%
D
US$65.46
Dominion Energy
7D
-1.6%
1Y
14.0%
EIX
US$72.66
Edison International
7D
5.2%
1Y
40.0%
EVRG
US$79.53
Evergy
7D
-1.4%
1Y
18.3%
IDA
US$138.30
IDACORP
7D
-2.2%
1Y
22.7%
NEE
US$91.64
NextEra Energy
7D
-0.3%
1Y
30.7%
SO
US$95.05
Southern
7D
2.7%
1Y
8.2%
CEG
US$291.66
Constellation Energy
7D
5.6%
1Y
-5.7%

CEG: Nuclear Fleet And Calpine Data Center Deals Will Define Balanced Outlook

Narrative Update Overview The analyst price target for Constellation Energy has shifted by $32.98, as analysts balance Wells Fargo's $18 target cut with TD Cowen's new $440 target. The new target highlights both elevated regulatory risk and potential upside from the Calpine integration and gas PPA deals tied to the nuclear fleet.
EXC
US$47.36
Exelon
7D
-0.4%
1Y
9.7%

Exelon's (NASDAQ:EXC) Shareholders Will Receive A Bigger Dividend Than Last Year

Feb 16
Exelon's (NASDAQ:EXC) Shareholders Will Receive A Bigger Dividend Than Last Year
ES
US$73.67
Eversource Energy
7D
4.8%
1Y
16.2%

Eversource Energy's (NYSE:ES) Shareholders Will Receive A Bigger Dividend Than Last Year

Feb 16
Eversource Energy's (NYSE:ES) Shareholders Will Receive A Bigger Dividend Than Last Year
PCG
US$18.10
PG&E
7D
3.1%
1Y
15.4%
XEL
US$80.82
Xcel Energy
7D
2.3%
1Y
16.6%

Earnings Miss: Xcel Energy Inc. Missed EPS By 8.9% And Analysts Are Revising Their Forecasts

Feb 08
Earnings Miss: Xcel Energy Inc. Missed EPS By 8.9% And Analysts Are Revising Their Forecasts
NRG
US$175.01
NRG Energy
7D
8.2%
1Y
57.6%

NRG: Future Earnings Power From LS Power Assets May Reprice Shares

Analysts have modestly lifted their fair value estimate for NRG Energy to about $313, even as recent price target tweaks from firms like Jefferies, Wells Fargo and Morgan Stanley reflect ongoing debate over growth, margins and an updated future P/E near 24x. Analyst Commentary Recent Street research around NRG Energy highlights a mix of caution and optimism, with several bullish analysts focusing on where execution and valuation may still offer room for upside relative to their fair value work and updated P/E assumptions.
BIPC
US$47.07
Brookfield Infrastructure
7D
-6.0%
1Y
10.4%

Valuation Update

The valuation has been updated based on the latest financial results.