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U.S. Utilities Sector Analysis

UpdatedMay 02, 2026
DataAggregated Company Financials
Companies111
  • 7D0.4%
  • 3M6.5%
  • 1Y16.9%
  • YTD6.7%

Last week, the Utilities industry hasn't moved much but Southern is up 3.4% in that time. As for the the longer term, the industry is up 17% over the past 12 months. 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
Sat, 02 May 2026US$1.7tUS$571.9bUS$67.8b21.6x25x3x
Mon, 30 Mar 2026US$1.6tUS$567.9bUS$67.5b21.1x24.4x2.9x
Wed, 25 Feb 2026US$1.7tUS$569.4bUS$68.5b22.2x24.5x2.9x
Fri, 23 Jan 2026US$1.6tUS$556.5bUS$68.6b20.5x22.7x2.8x
Sun, 21 Dec 2025US$1.5tUS$556.5bUS$68.5b19.3x22x2.7x
Tue, 18 Nov 2025US$1.6tUS$559.6bUS$68.1b20.7x23.3x2.8x
Thu, 16 Oct 2025US$1.6tUS$549.9bUS$63.6b21.6x25.7x3x
Sat, 13 Sep 2025US$1.5tUS$549.2bUS$63.7b20.5x23.6x2.7x
Mon, 11 Aug 2025US$1.5tUS$548.2bUS$63.6b20.9x23.9x2.8x
Wed, 09 Jul 2025US$1.4tUS$540.7bUS$63.8b20.4x22.7x2.7x
Fri, 06 Jun 2025US$1.4tUS$540.1bUS$64.0b20.5x22.1x2.6x
Sun, 04 May 2025US$1.4tUS$534.3bUS$64.5b21.1x21.7x2.6x
Tue, 01 Apr 2025US$1.4tUS$526.8bUS$63.5b21x21.6x2.6x
Thu, 27 Feb 2025US$1.4tUS$525.7bUS$61.9b20.7x22.4x2.6x
Sat, 25 Jan 2025US$1.4tUS$528.1bUS$58.6b19.8x23.4x2.6x
Mon, 23 Dec 2024US$1.3tUS$532.1bUS$61.1b19.8x21.7x2.5x
Wed, 20 Nov 2024US$1.4tUS$533.5bUS$61.5b20.6x22.7x2.6x
Fri, 18 Oct 2024US$1.4tUS$522.9bUS$60.5b20.1x23.6x2.7x
Sun, 15 Sep 2024US$1.4tUS$522.9bUS$60.5b20.1x22.5x2.6x
Tue, 13 Aug 2024US$1.3tUS$522.9bUS$60.7b19.3x21.2x2.5x
Thu, 11 Jul 2024US$1.2tUS$517.6bUS$60.4b18.1x19.9x2.3x
Sat, 08 Jun 2024US$1.2tUS$518.2bUS$60.4b17.9x20.3x2.4x
Mon, 06 May 2024US$1.2tUS$524.8bUS$58.2b18.8x20.6x2.3x
Wed, 03 Apr 2024US$1.2tUS$561.5bUS$56.9b18.5x20.8x2.1x
Fri, 01 Mar 2024US$1.1tUS$528.7bUS$57.9b17.5x18.7x2x
Sun, 28 Jan 2024US$1.1tUS$544.0bUS$53.2b18.1x20.3x2x
Tue, 26 Dec 2023US$1.1tUS$543.9bUS$53.5b19.2x20.7x2x
Thu, 23 Nov 2023US$1.1tUS$544.4bUS$53.5b18.7x20.2x2x
Sat, 21 Oct 2023US$1.0tUS$549.7bUS$50.8b18.5x19.8x1.8x
Mon, 18 Sep 2023US$1.1tUS$549.8bUS$50.8b20.2x22.1x2x
Wed, 16 Aug 2023US$1.1tUS$549.3bUS$49.6b20.2x22.1x2x
Fri, 14 Jul 2023US$1.2tUS$551.7bUS$45.7b21x25.6x2.1x
Sun, 11 Jun 2023US$1.1tUS$549.3bUS$46.6b20.4x24.7x2.1x
Tue, 09 May 2023US$1.2tUS$546.9bUS$45.5b20.8x26.2x2.2x
Price to Earnings Ratio

26.2x


Total Market Cap: US$1.2tTotal Earnings: US$45.5bTotal Revenue: US$546.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Utilities Sector Price to Earnings3Y Average 22.3x202420252026
Current Industry PE
  • Investors are optimistic on the American Utilities industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 25.0x which is higher than its 3-year average PE of 22.3x.
  • The 3-year average PS ratio of 2.5x is lower than the industry's current PS ratio of 3.0x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 14% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

Which industries have driven the changes within the U.S. Utilities sector?

US Market0.80%
Utilities0.38%
Other Utilities1.26%
Electric Utilities0.84%
Gas Utilities-0.37%
Renewable Energy-4.07%
Water Utilities-4.23%
Industry PE
  • Investors are most optimistic about the Gas Utilities industry even though it's trading below its 3-year average PE ratio of 30.4x.
    • Analysts are expecting annual earnings growth of 9.3%, which is lower than the prior year's growth of 16.5% 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 44% per year.
  • In contrast, the Gas Utilities industry is expected to see its earnings grow by 9.3% 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
SO SouthernUS$96.713.4%
+US$3.6b		6.2%PE25.1x
NEE NextEra EnergyUS$96.951.8%
+US$3.5b		44.5%PE24.7x
XEL Xcel EnergyUS$82.584.3%
+US$2.1b		16.7%PE24.7x
ETR EntergyUS$116.432.5%
+US$1.3b		37.8%PE29.9x
D Dominion EnergyUS$63.942.2%
+US$1.2b		16.3%PE18.9x

Latest News

XEL
US$82.58
Xcel Energy
7D
4.3%
1Y
16.7%
VST
US$155.28
Vistra
7D
-5.5%
1Y
11.5%
NFG
US$82.98
National Fuel Gas
7D
-5.9%
1Y
0.7%
AEP
US$136.91
American Electric Power Company
7D
1.6%
1Y
27.1%
CEG
US$307.81
Constellation Energy
7D
-1.8%
1Y
24.5%
NRG
US$153.37
NRG Energy
7D
-4.0%
1Y
31.5%
AWK
US$127.38
American Water Works Company
7D
-3.8%
1Y
-13.4%
ETR
US$116.43
Entergy
7D
2.5%
1Y
37.8%
FE
US$46.92
FirstEnergy
7D
-5.0%
1Y
8.9%
SO
US$96.71
Southern
7D
3.4%
1Y
6.2%

Southern Company: Positive Long-Term Clean Energy Pivot

Apr 29
NEE
US$96.95
NextEra Energy
7D
1.8%
1Y
44.5%

NEE Valuation — The Convergence of Grid Stability and AI Growth

​As of late April 2026, NextEra Energy (NEE) trades near its 52-week high of $96, buoyed by a robust Q1 earnings beat ($1.09 vs. $0.92 est.) and a record-breaking 33 GW renewables backlog.
PPL
US$37.60
PPL
7D
-3.0%
1Y
4.0%

PPL: Future Returns Will Reflect Pennsylvania Case Outcomes And 2026 EPS Framework

Analysts have modestly increased the blended price target for PPL to approximately $42.13, citing a mix of target raises and reductions across recent research that reflect updated views on growth, margins, and P/E assumptions. Analyst Commentary Recent research points to a mixed but generally constructive tone around PPL, with several firms lifting price targets and a few trimming them, as estimates and assumptions are refreshed following recent earnings and regulatory updates.
D
US$63.94
Dominion Energy
7D
2.2%
1Y
16.3%

D: Extended EPS Guidance And Modest Fair Value Shift Will Support Steady Returns

Analysts have slightly raised Dominion Energy's implied fair value by about $0.54 per share. This reflects small adjustments to projected revenue growth, profit margins, and future P/E assumptions in their updated price target work.
SRE
US$94.67
Sempra
7D
1.6%
1Y
25.4%

SRE: Long Term EPS Guidance And Dividend Policy Will Shape Future Returns

Analysts have nudged their price target for Sempra higher to about $104 from roughly $103, reflecting updated assumptions around slightly different revenue growth, profit margin, and future P/E expectations. What's in the News Sempra issued new full-year 2027 earnings guidance, with EPS expected in a range of $5.10 to $5.70.
DUK
US$128.60
Duke Energy
7D
1.0%
1Y
5.8%

DUK: Data Center Load And New Gas Project Will Shape Balanced Outlook

The analyst price target for Duke Energy has shifted higher, rising about $1.50 to $139.82 as analysts factor in updated assumptions for revenue growth, profit margins and future P/E following a series of recent target revisions across the Street. Analyst Commentary Recent research updates on Duke Energy show a mix of higher price targets and at least one rating downgrade.
BEPC
US$35.20
Brookfield Renewable
7D
-14.6%
1Y
24.7%