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U.S. Utilities Sector Analysis

UpdatedNov 14, 2025
DataAggregated Company Financials
Companies122
  • 7D-1.3%
  • 3M4.3%
  • 1Y13.0%
  • YTD17.1%

Over the last 7 days, the Utilities industry has dropped 1.3%, driven by pullbacks in Constellation Energy and Vistra of 5.5% and 8.5%, respectively. In the past year, the industry has gained 13%. 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, 15 Nov 2025US$1.6tUS$559.5bUS$68.0b20.4x23.6x2.9x
Mon, 13 Oct 2025US$1.6tUS$549.9bUS$63.6b21.2x25.3x2.9x
Wed, 10 Sep 2025US$1.5tUS$549.2bUS$63.7b20.2x23.1x2.7x
Fri, 08 Aug 2025US$1.5tUS$547.6bUS$62.8b20.8x24.1x2.8x
Sun, 06 Jul 2025US$1.4tUS$540.7bUS$63.8b20.6x22.6x2.7x
Tue, 03 Jun 2025US$1.4tUS$540.1bUS$64.0b20.8x22.5x2.7x
Thu, 01 May 2025US$1.4tUS$528.4bUS$63.8b21.1x21.9x2.6x
Sat, 29 Mar 2025US$1.4tUS$526.8bUS$63.5b20.7x21.4x2.6x
Mon, 24 Feb 2025US$1.4tUS$525.9bUS$62.1b20.6x22.5x2.7x
Wed, 22 Jan 2025US$1.4tUS$528.1bUS$58.6b20.1x23.4x2.6x
Fri, 20 Dec 2024US$1.3tUS$532.1bUS$61.1b19.5x21.3x2.5x
Sun, 17 Nov 2024US$1.4tUS$533.4bUS$61.6b20.5x22.5x2.6x
Tue, 15 Oct 2024US$1.4tUS$522.9bUS$60.5b19.6x22.8x2.6x
Thu, 12 Sep 2024US$1.3tUS$522.9bUS$60.5b19.5x22.1x2.6x
Sat, 10 Aug 2024US$1.3tUS$522.8bUS$62.0b19.3x20.7x2.5x
Mon, 08 Jul 2024US$1.2tUS$517.6bUS$60.4b18x19.8x2.3x
Wed, 05 Jun 2024US$1.2tUS$518.1bUS$60.4b18.5x20.6x2.4x
Fri, 03 May 2024US$1.2tUS$525.5bUS$58.6b18.9x20.2x2.2x
Sun, 31 Mar 2024US$1.2tUS$561.5bUS$56.9b18.5x20.9x2.1x
Tue, 27 Feb 2024US$1.1tUS$532.5bUS$55.0b17.3x19.3x2x
Thu, 25 Jan 2024US$1.1tUS$543.9bUS$53.5b17.9x20x2x
Sat, 23 Dec 2023US$1.1tUS$543.9bUS$53.5b19.2x20.7x2x
Mon, 20 Nov 2023US$1.1tUS$544.5bUS$53.2b18.8x20.3x2x
Wed, 18 Oct 2023US$1.0tUS$549.7bUS$50.8b18.9x20.4x1.9x
Fri, 15 Sep 2023US$1.1tUS$549.8bUS$50.8b20.3x21.9x2x
Sun, 13 Aug 2023US$1.1tUS$549.3bUS$49.6b20.9x22.7x2.1x
Tue, 11 Jul 2023US$1.1tUS$551.7bUS$45.7b20.2x24.8x2.1x
Thu, 08 Jun 2023US$1.1tUS$549.4bUS$46.6b20.4x24.3x2.1x
Sat, 06 May 2023US$1.2tUS$546.9bUS$45.5b20.9x26.2x2.2x
Mon, 03 Apr 2023US$1.2tUS$532.0bUS$45.1b20.9x26.1x2.2x
Wed, 01 Mar 2023US$1.1tUS$531.1bUS$46.3b20.2x24.3x2.1x
Fri, 27 Jan 2023US$1.2tUS$533.3bUS$50.5b21.1x23.6x2.2x
Sun, 25 Dec 2022US$1.2tUS$531.4bUS$50.1b21.2x24.4x2.3x
Tue, 22 Nov 2022US$1.2tUS$531.3bUS$50.1b20.9x23.8x2.2x
Price to Earnings Ratio

23.8x


Total Market Cap: US$1.2tTotal Earnings: US$50.1bTotal Revenue: US$531.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Utilities Sector Price to Earnings3Y Average 22.5x202320242025
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 22.5x.
  • 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 11% 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 Market-0.42%
Utilities-1.28%
Water Utilities0.25%
Gas Utilities0.078%
Other Utilities-0.34%
Electric Utilities-1.23%
Renewable Energy-6.05%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry even though it's trading below its 3-year average PE ratio of 279x.
    • Analysts are expecting annual earnings growth of 28.0%, which is higher than its past year's earnings growth of 4.5% per year.
  • Investors are most pessimistic about the Electric Utilities industry, which is trading close to its 3-year average of 21.9x.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 28% over the next 5 years.
  • This is better than its past earnings growth rate of 4.5% per year.
  • In contrast, the Other 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
ED Consolidated EdisonUS$101.663.2%
+US$1.1b		5.4%PE18x
EIX Edison InternationalUS$58.712.9%
+US$642.6m		-29.8%PE7.7x
CMS CMS EnergyUS$73.941.0%
+US$216.1m		8.4%PE21.7x
CNP CenterPoint EnergyUS$39.740.8%
+US$215.4m		28.8%PE25x
EVRG EvergyUS$76.471.2%
+US$202.6m		19.9%PE20.7x

Latest News

VST
US$174.69
Vistra
7D
-8.5%
1Y
22.9%
CNP
US$39.74
CenterPoint Energy
7D
0.8%
1Y
28.8%
ED
US$101.66
Consolidated Edison
7D
3.2%
1Y
5.4%
CEG
US$338.52
Constellation Energy
7D
-5.5%
1Y
50.9%
D
US$60.56
Dominion Energy
7D
-1.7%
1Y
5.1%

D: Earnings Guidance And Margins Will Help Support Fair Value Outlook

Dominion Energy's analyst price target has been revised upward by approximately $0.53 to $64.13, as analysts cite improved expected profit margins while slightly lower revenue growth projections are anticipated. What's in the News Dominion Energy completed the repurchase of 2,476,657 shares for $191.75 million under its share buyback program announced in November 2020 (Key Developments).
EVRG
US$76.47
Evergy
7D
1.2%
1Y
19.9%
SRE
US$92.00
Sempra
7D
-1.8%
1Y
-0.2%
ETR
US$95.05
Entergy
7D
-2.2%
1Y
27.5%
NRG
US$165.19
NRG Energy
7D
-4.2%
1Y
79.2%

NRG: Future Data Center Demand Will Drive Significant Upside Potential

NRG Energy's analyst price target has increased from $194.77 to $207.23. Analysts cite rising cash flows, stronger data center demand, and a favorable industry outlook as key drivers for the upward revision.
TLN
US$360.92
Talen Energy
7D
-6.6%
1Y
80.1%
POR
US$49.43
Portland General Electric
7D
3.3%
1Y
6.0%

POR: Sector Tailwinds And Competitive Risks Will Shape Near-Term Performance

Analysts have modestly increased their price target for Portland General Electric, raising it from $47.55 to $47.83 per share. They cited an improved revenue growth outlook and generally positive sector trends following the company’s recent quarterly updates.
CMS
US$73.94
CMS Energy
7D
1.0%
1Y
8.4%

CMS: Favorable Michigan Load Growth And Regulatory Backdrop Will Support Steady Utility Returns

Analysts have modestly increased their price target for CMS Energy from $77.58 to $78.31 per share, citing the company's resilient fundamentals, improved profit margins, and supportive regulatory environment. Analyst Commentary Recent analyst research on CMS Energy presents a nuanced outlook, balancing positive expectations regarding the company’s growth prospects with caution surrounding industry dynamics and valuation considerations.
EIX
US$58.71
Edison International
7D
2.9%
1Y
-29.8%
AWK
US$131.62
American Water Works Company
7D
0.6%
1Y
-1.9%
OKLO
US$97.57
Oklo
7D
-13.4%
1Y
442.1%
UGI
US$34.84
UGI
7D
2.6%
1Y
44.4%