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U.S. Utilities Sector Analysis

UpdatedJun 12, 2026
DataAggregated Company Financials
Companies116
  • 7D-0.3%
  • 3M-5.8%
  • 1Y7.7%
  • YTD0.9%

Over the last 7 days, the Utilities industry has remained flat, although notably Constellation Energy declined by 6.8%. The past year has been better, since the industry has gained 7.7% in that time. Looking forward, 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, 12 Jun 2026US$1.6tUS$587.1bUS$69.1b21.2x23.1x2.7x
Sun, 10 May 2026US$1.6tUS$582.7bUS$67.8b21.3x24.2x2.8x
Tue, 07 Apr 2026US$1.7tUS$568.0bUS$67.5b21.7x24.8x2.9x
Thu, 05 Mar 2026US$1.7tUS$567.9bUS$67.3b22.4x25.1x3x
Sat, 31 Jan 2026US$1.6tUS$558.6bUS$69.1b20.4x22.6x2.8x
Mon, 29 Dec 2025US$1.5tUS$556.5bUS$68.5b19.4x22.2x2.7x
Wed, 26 Nov 2025US$1.6tUS$558.0bUS$68.7b20.4x23x2.8x
Fri, 24 Oct 2025US$1.6tUS$549.9bUS$63.6b21.9x25.3x2.9x
Sun, 21 Sep 2025US$1.5tUS$549.9bUS$63.6b20.3x23.7x2.7x
Tue, 19 Aug 2025US$1.5tUS$549.2bUS$63.7b20.5x23.7x2.7x
Thu, 17 Jul 2025US$1.4tUS$540.7bUS$63.8b20.9x22.7x2.7x
Sat, 14 Jun 2025US$1.4tUS$540.1bUS$64.0b20.6x22.5x2.7x
Mon, 12 May 2025US$1.4tUS$538.9bUS$63.6b20.7x22.2x2.6x
Wed, 09 Apr 2025US$1.3tUS$526.8bUS$63.6b19.6x20.3x2.4x
Fri, 07 Mar 2025US$1.4tUS$526.8bUS$63.1b19.6x21.5x2.6x
Sun, 02 Feb 2025US$1.4tUS$527.0bUS$60.4b20x22.5x2.6x
Tue, 31 Dec 2024US$1.3tUS$523.4bUS$60.0b20x22x2.5x
Thu, 28 Nov 2024US$1.4tUS$533.3bUS$61.2b21.5x23.7x2.7x
Sat, 26 Oct 2024US$1.4tUS$523.5bUS$61.4b19.6x23.1x2.7x
Mon, 23 Sep 2024US$1.4tUS$522.9bUS$60.5b20x22.9x2.7x
Wed, 21 Aug 2024US$1.3tUS$522.9bUS$60.6b19.4x21.6x2.5x
Fri, 19 Jul 2024US$1.2tUS$517.6bUS$60.4b19.1x20.4x2.4x
Sun, 16 Jun 2024US$1.2tUS$518.0bUS$60.4b18x20x2.3x
Tue, 14 May 2024US$1.2tUS$518.4bUS$60.2b18.8x20.7x2.4x
Thu, 11 Apr 2024US$1.2tUS$528.1bUS$57.4b18.4x20.1x2.2x
Sat, 09 Mar 2024US$1.1tUS$526.3bUS$57.9b17.9x19.2x2.1x
Mon, 05 Feb 2024US$1.1tUS$544.3bUS$53.5b18.6x20.2x2x
Wed, 03 Jan 2024US$1.1tUS$543.9bUS$53.5b19.4x21.2x2.1x
Fri, 01 Dec 2023US$1.1tUS$543.9bUS$53.5b18.7x20.3x2x
Sun, 29 Oct 2023US$1.0tUS$549.9bUS$50.2b18.9x20.3x1.9x
Tue, 26 Sep 2023US$1.1tUS$549.8bUS$50.8b19.6x21.6x2x
Thu, 24 Aug 2023US$1.1tUS$549.8bUS$50.8b19.9x21.7x2x
Sat, 22 Jul 2023US$1.2tUS$551.7bUS$45.7b21.5x26.1x2.2x
Mon, 19 Jun 2023US$1.2tUS$551.9bUS$45.7b20.7x25.5x2.1x
Price to Earnings Ratio

25.5x


Total Market Cap: US$1.2tTotal Earnings: US$45.7bTotal Revenue: US$551.9bTotal 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 15% 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 Market-2.36%
Utilities-0.33%
Other Utilities1.33%
Water Utilities1.10%
Gas Utilities-0.39%
Electric Utilities-0.45%
Renewable Energy-5.32%
Industry PE
  • Investors are most optimistic about the Other Utilities industry which is trading above its 3-year average PE ratio of 20.2x.
    • Analysts are expecting annual earnings growth of 12.5%, which is higher than its past year's earnings growth of 10.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 27% 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 9.8% 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$93.271.8%
+US$1.9b		3.2%PE24.1x
DUK Duke EnergyUS$124.191.9%
+US$1.8b		5.9%PE19.1x
ED Consolidated EdisonUS$106.842.7%
+US$1.0b		3.0%PE18.3x
EXC ExelonUS$45.512.0%
+US$900.4m		4.3%PE16.8x
SRE SempraUS$91.541.3%
+US$784.4m		20.1%PE31.1x

Latest News

EXC
US$45.51
Exelon
7D
2.0%
1Y
4.3%
ED
US$106.84
Consolidated Edison
7D
2.7%
1Y
3.0%
VST
US$146.38
Vistra
7D
-4.8%
1Y
-15.8%
NRG
US$123.70
NRG Energy
7D
-7.3%
1Y
-18.1%
NEE
US$84.84
NextEra Energy
7D
-1.0%
1Y
14.9%
FRVO
US$34.64
Fervo Energy
7D
-10.9%
1Y
n/a
OKLO
US$57.86
Oklo
7D
-11.5%
1Y
-10.3%
SO
US$93.27
Southern
7D
1.8%
1Y
3.2%
DUK
US$124.19
Duke Energy
7D
1.9%
1Y
5.9%
CEG
US$246.71
Constellation Energy
7D
-6.8%
1Y
-17.9%
CMS
US$72.85
CMS Energy
7D
3.5%
1Y
2.9%
Seeking Alpha • Jun 08

CMS Energy: An Undervalued Energy Holding Company For Long-Term Dividend Growth Investors

Summary CMS Energy is an American energy holding company. Founded in 1886, CMS is now a $22 billion (by market cap) energy player employing more than 8,000 people. CMS has increased its dividend for 20 consecutive years. Its 10-year dividend growth rate of 6.5% is very solid for a power utility. CMS has a fairly standard financial position for a power utility. Its long-term debt/equity ratio is 1.8, while the interest coverage ratio is over 2. The P/E ratio has compressed to 19.5. That compares favorably to its own five-year average of 21.8. Read the full article on Seeking Alpha
ES
US$68.43
Eversource Energy
7D
-2.1%
1Y
4.0%
DTE
US$145.79
DTE Energy
7D
2.1%
1Y
7.2%
SRE
US$91.54
Sempra
7D
1.3%
1Y
20.1%
Narrative Update • Jun 06

SRE: LNG Milestone And Extended EPS Guidance Will Support Future Returns

Analysts have nudged their price target for Sempra slightly lower to about $103.62 from $104. This reflects updated views on fair value, growth, and margins while keeping core assumptions broadly steady.
WEC
US$113.07
WEC Energy Group
7D
1.7%
1Y
6.2%
TLN
US$344.80
Talen Energy
7D
-8.8%
1Y
25.4%
Narrative Update • Jun 03

TLN: Refinancing And Nuclear Projects Will Shape A Cautious Balanced Outlook

Analysts have raised the Talen Energy price target by $1 to $499, citing updated utility sector models and revised views following recent quarterly results and broader coverage changes. Analyst Commentary Recent research on Talen Energy shows a mix of optimism and caution, with several firms adjusting price targets around updated sector models, new coverage and reactions to quarterly results.