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U.S. Utilities Sector Analysis

UpdatedAug 13, 2026
DataAggregated Company Financials
Companies117
  • 7D0.6%
  • 3M-2.7%
  • 1Y1.7%
  • YTD0.5%

Over the last 7 days, the Utilities industry has remained flat, although notably Constellation Energy gained 5.1%. Furthermore, the industry has been flat for the past year as well. Looking forward, earnings are forecast to grow by 10% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 13 Aug 2026US$1.6tUS$595.4bUS$72.1b21.1x22.1x2.7x
Sat, 11 Jul 2026US$1.6tUS$587.1bUS$69.0b21.9x23.8x2.8x
Mon, 08 Jun 2026US$1.6tUS$587.1bUS$69.1b21.2x23.3x2.7x
Wed, 06 May 2026US$1.7tUS$574.3bUS$65.4b21.6x25.7x2.9x
Fri, 03 Apr 2026US$1.7tUS$567.9bUS$67.5b22.1x24.6x2.9x
Sun, 01 Mar 2026US$1.7tUS$568.2bUS$67.5b22.1x25.3x3x
Tue, 27 Jan 2026US$1.5tUS$556.5bUS$68.6b20.5x22.4x2.8x
Thu, 25 Dec 2025US$1.5tUS$556.5bUS$68.5b19.5x22.3x2.7x
Sat, 22 Nov 2025US$1.6tUS$558.0bUS$68.4b20.4x22.8x2.8x
Mon, 20 Oct 2025US$1.6tUS$549.9bUS$63.6b21.4x25.7x3x
Wed, 17 Sep 2025US$1.5tUS$549.9bUS$63.6b20.2x23.8x2.7x
Fri, 15 Aug 2025US$1.5tUS$549.2bUS$63.6b20.7x24x2.8x
Sun, 13 Jul 2025US$1.4tUS$540.7bUS$63.8b20.8x22.7x2.7x
Tue, 10 Jun 2025US$1.4tUS$540.1bUS$64.0b20.5x22.2x2.6x
Thu, 08 May 2025US$1.4tUS$537.8bUS$63.9b21.2x22.1x2.6x
Sat, 05 Apr 2025US$1.4tUS$526.8bUS$63.6b19.9x21.8x2.6x
Mon, 03 Mar 2025US$1.4tUS$527.4bUS$63.2b20.2x21.8x2.6x
Wed, 29 Jan 2025US$1.4tUS$526.7bUS$58.7b20x23x2.6x
Fri, 27 Dec 2024US$1.3tUS$523.4bUS$60.0b20.1x22.1x2.5x
Sun, 24 Nov 2024US$1.4tUS$533.3bUS$61.6b21.5x23.1x2.7x
Tue, 22 Oct 2024US$1.4tUS$522.9bUS$60.5b19.9x23.6x2.7x
Thu, 19 Sep 2024US$1.4tUS$522.9bUS$60.5b20x22.6x2.6x
Sat, 17 Aug 2024US$1.3tUS$522.9bUS$60.6b19.4x21.4x2.5x
Mon, 15 Jul 2024US$1.2tUS$517.6bUS$60.4b18.9x20.6x2.4x
Wed, 12 Jun 2024US$1.2tUS$518.0bUS$60.4b18x20.3x2.4x
Fri, 10 May 2024US$1.2tUS$518.6bUS$60.2b18.8x20.4x2.4x
Sun, 07 Apr 2024US$1.2tUS$561.5bUS$56.9b18.4x20.7x2.1x
Tue, 05 Mar 2024US$1.1tUS$528.4bUS$57.9b17.7x18.9x2.1x
Thu, 01 Feb 2024US$1.1tUS$544.0bUS$53.2b18.2x20.4x2x
Sat, 30 Dec 2023US$1.1tUS$543.9bUS$53.5b19.4x20.9x2.1x
Mon, 27 Nov 2023US$1.1tUS$543.9bUS$53.5b18.8x20.3x2x
Wed, 25 Oct 2023US$1.0tUS$549.7bUS$50.8b18.5x19.7x1.8x
Fri, 22 Sep 2023US$1.1tUS$549.8bUS$50.8b19.8x21.7x2x
Sun, 20 Aug 2023US$1.1tUS$549.3bUS$49.6b20.1x22.2x2x
Price to Earnings Ratio

22.2x


Total Market Cap: US$1.1tTotal Earnings: US$49.6bTotal Revenue: US$549.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Utilities Sector Price to Earnings3Y Average 22.2x202420252026
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 22.2x.
  • 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 13% per year over the last three years.
  • Revenues for these companies have grown 2.7% 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 Market1.02%
Utilities0.64%
Renewable Energy5.02%
Water Utilities1.04%
Electric Utilities0.45%
Gas Utilities0.21%
Other Utilities-0.08%
Industry PE
  • Investors are most optimistic about the Water Utilities industry, which is trading close to its 3-year average PE ratio of 23.8x.
    • Analysts are expecting annual earnings growth of 9.6%, which is higher than its past year's earnings growth of 4.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 26% over the next 5 years.
  • However this is lower than its past earnings growth rate of 80% per year.
  • In contrast, the Other Utilities industry is expected to see its earnings grow by 5.0% 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$278.685.1%
+US$4.1b		-14.9%PE28.5x
VST VistraUS$146.684.3%
+US$1.8b		-28.5%PE24.3x
TLN Talen EnergyUS$365.0710.7%
+US$1.7b		-4.0%PS4.7x
ORA Ormat TechnologiesUS$113.4015.7%
+US$945.8m		26.7%PE55.1x
OKLO OkloUS$45.135.0%
+US$915.1m		-41.7%PS6938x

Latest News

XEL
US$78.60
Xcel Energy
7D
1.8%
1Y
7.8%
ATO
US$169.59
Atmos Energy
7D
-1.5%
1Y
1.6%
BEPC
US$35.00
Brookfield Renewable
7D
5.1%
1Y
3.6%
NI
US$41.99
NiSource
7D
-2.1%
1Y
-1.6%
CEG
US$278.68
Constellation Energy
7D
5.1%
1Y
-14.9%
Seeking Alpha • Aug 11

Constellation Energy: Higher Guidance And Nuclear Scarcity Are Starting To Pay Off

Summary I'm reiterating Constellation Energy as a Strong Buy with a raised price target of $449. AI-driven power demand is translating into long-duration nuclear contracts, with 920 MW of new agreements and 1,100 MW of potential uprates providing significant forward optionality. Calpine’s earnings contribution and aggressive share repurchases are accelerating EPS growth, supporting a 20%+ base EPS CAGR through 2029 and reducing dilution risk. The company's growth-adjusted valuation remains attractive, with a FWD PEG of 1.48x which remains about 39% below the sector median despite materially faster expected EPS growth. Read the full article on Seeking Alpha
OKLO
US$45.13
Oklo
7D
5.0%
1Y
-41.7%
SO
US$92.52
Southern
7D
-0.6%
1Y
-2.4%
ORA
US$113.40
Ormat Technologies
7D
15.7%
1Y
26.7%
VST
US$146.68
Vistra
7D
4.3%
1Y
-28.5%
SRE
US$85.92
Sempra
7D
1.5%
1Y
4.5%
TLN
US$365.07
Talen Energy
7D
10.7%
1Y
-4.0%
Seeking Alpha • Aug 07

Talen Energy: The PPL Basis Discount Is The Dark Horse For FCF Growth

Summary Talen Energy Corporation is rated Buy with a $575/share 2028 price target, driven by strong capacity auction results and robust FCF projections. TLN benefits from multi-year visibility into rising contracted revenues, with capacity prices at PJM’s cap and 20% further upside expected in 2H-2026. Transmission upgrades and in-zone demand growth could narrow the $20/MW-hr PPL basis, potentially boosting FCF yield to 17% or higher by 2028. TLN's strategic shift toward long-term PPAs aims to sustain margins as auction-driven capacity revenues face long-term competition risk. Read the full article on Seeking Alpha
AEP
US$124.65
American Electric Power Company
7D
-1.4%
1Y
10.2%
FE
US$47.01
FirstEnergy
7D
-1.6%
1Y
7.0%
Narrative Update • Aug 04

FE: Data Center Demand And Customer Investment Plan Should Support Steady Outlook

Analysts slightly lifted their price target for FirstEnergy to $53.23 from $52.15, citing updated assumptions that include a modest adjustment to revenue growth, a small change in the discount rate, a slightly higher profit margin outlook, and a marginally lower future P/E multiple. What’s in the News for FirstEnergy FirstEnergy utilities now have contracts to serve 6.4 GW of data center load by 2035, which the company expects to support significant revenues once these projects are operational.
EXC
US$45.22
Exelon
7D
-1.2%
1Y
-0.02%
Analysis Article • Aug 03

Exelon Corporation Just Missed EPS By 13%: Here's What Analysts Think Will Happen Next

Exelon Corporation ( NASDAQ:EXC ) shareholders are probably feeling a little disappointed, since its shares fell 3.6...
FRVO
US$20.16
Fervo Energy
7D
-8.6%
1Y
n/a
CMS
US$70.02
CMS Energy
7D
-2.2%
1Y
-4.7%