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U.S. Utilities Sector Analysis

UpdatedMar 22, 2026
DataAggregated Company Financials
Companies112
  • 7D-5.0%
  • 3M3.2%
  • 1Y13.8%
  • YTD1.7%

Over the last 7 days, the Utilities industry has dropped 5.0%, driven by declines in Constellation Energy and NextEra Energy of 6.6% and 3.5%, respectively. In the past year, the industry has gained 14%. 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
Sun, 22 Mar 2026US$1.6tUS$567.9bUS$67.5b20.7x23.7x2.8x
Tue, 17 Feb 2026US$1.7tUS$562.6bUS$68.0b21.8x24.6x3x
Thu, 15 Jan 2026US$1.5tUS$556.5bUS$68.6b20.1x22.6x2.8x
Sat, 13 Dec 2025US$1.5tUS$558.0bUS$68.7b19.5x22.3x2.7x
Mon, 10 Nov 2025US$1.6tUS$559.3bUS$68.0b20.4x23.6x2.9x
Wed, 08 Oct 2025US$1.6tUS$549.9bUS$63.6b21.3x25.2x2.9x
Fri, 05 Sep 2025US$1.5tUS$549.2bUS$63.7b20.5x23.2x2.7x
Sun, 03 Aug 2025US$1.5tUS$545.9bUS$63.5b20.6x23.8x2.8x
Tue, 01 Jul 2025US$1.4tUS$540.3bUS$64.0b20.4x22.4x2.7x
Thu, 29 May 2025US$1.4tUS$540.1bUS$64.0b20.6x22.4x2.7x
Sat, 26 Apr 2025US$1.4tUS$528.6bUS$62.1b20.9x22.3x2.6x
Mon, 24 Mar 2025US$1.4tUS$526.8bUS$63.1b20.6x21.8x2.6x
Wed, 19 Feb 2025US$1.4tUS$525.1bUS$62.8b20.8x21.9x2.6x
Fri, 17 Jan 2025US$1.3tUS$528.1bUS$58.6b19.8x22.8x2.5x
Sun, 15 Dec 2024US$1.4tUS$532.1bUS$61.1b20.1x22.2x2.5x
Tue, 12 Nov 2024US$1.4tUS$533.4bUS$61.3b20.5x22.6x2.6x
Thu, 10 Oct 2024US$1.4tUS$522.9bUS$60.5b19.4x22.8x2.6x
Sat, 07 Sep 2024US$1.3tUS$522.9bUS$60.5b19.4x21.8x2.5x
Mon, 05 Aug 2024US$1.3tUS$521.9bUS$60.6b19.8x21.4x2.5x
Wed, 03 Jul 2024US$1.2tUS$517.6bUS$60.4b17.9x19.6x2.3x
Fri, 31 May 2024US$1.2tUS$518.1bUS$60.4b17.9x20.5x2.4x
Sun, 28 Apr 2024US$1.2tUS$525.9bUS$57.8b18.5x20x2.2x
Tue, 26 Mar 2024US$1.1tUS$528.0bUS$57.4b18.3x19.5x2.1x
Thu, 22 Feb 2024US$1.1tUS$536.6bUS$54.4b18.1x19.7x2x
Sat, 20 Jan 2024US$1.1tUS$543.9bUS$53.5b18.1x20.1x2x
Mon, 18 Dec 2023US$1.1tUS$543.9bUS$53.5b19.2x20.9x2.1x
Wed, 15 Nov 2023US$1.0tUS$545.0bUS$53.4b18.9x19.4x1.9x
Fri, 13 Oct 2023US$1.1tUS$554.7bUS$51.7b18.9x20.4x1.9x
Sun, 10 Sep 2023US$1.1tUS$549.8bUS$50.8b19.9x21.5x2x
Tue, 08 Aug 2023US$1.1tUS$548.4bUS$48.6b20.9x23x2x
Thu, 06 Jul 2023US$1.2tUS$551.7bUS$45.7b20.7x25.4x2.1x
Sat, 03 Jun 2023US$1.1tUS$549.2bUS$46.5b20x24.3x2.1x
Mon, 01 May 2023US$1.2tUS$536.1bUS$47.0b21.5x25.4x2.2x
Wed, 29 Mar 2023US$1.1tUS$532.0bUS$45.0b20.6x25.4x2.2x
Price to Earnings Ratio

25.4x


Total Market Cap: US$1.1tTotal Earnings: US$45.0bTotal Revenue: US$532.0bTotal 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 2.8x.
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 2.2% 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-1.83%
Utilities-4.96%
Water Utilities-3.48%
Other Utilities-4.79%
Gas Utilities-5.03%
Renewable Energy-5.06%
Electric Utilities-5.08%
Industry PE
  • Investors are most optimistic about the Water Utilities industry even though it's trading below its 3-year average PE ratio of 25.1x.
    • Analysts are expecting annual earnings growth of 9.0%, which is higher than its past year's earnings growth of 3.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 32% over the next 5 years.
  • This is better than its past earnings decline of 44% per year.
  • In contrast, the Water Utilities industry is expected to see its earnings grow by 9.0% 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
OKLO OkloUS$53.97-7.5%
US$247.4m		98.7%PB6.3x
ANNA AleAnnaUS$7.0778.5%
+US$126.5m		-8.2%PS17.2x
ELLO Ellomay CapitalUS$25.343.2%
+US$10.9m		58.4%PS7.3x
SPRU Spruce Power HoldingUS$4.428.1%
+US$6.0m		83.4%PS0.7x
GWRS Global Water ResourcesUS$7.481.6%
+US$3.5m		-32.8%PE72.7x

Latest News

NEE
US$89.50
NextEra Energy
7D
-3.5%
1Y
26.3%
DUK
US$126.81
Duke Energy
7D
-4.8%
1Y
6.5%

DUK: Battery Storage Buildout And Data Center Demand Will Guide Balanced Outlook

Narrative Update The analyst price target embedded in the fair value framework edges higher to about $138. Analysts cite steady regulated growth expectations, an active load growth and data center pipeline, and recent target resets across firms after Duke Energy's roughly 15% share price move since early December.
SO
US$93.39
Southern
7D
-4.7%
1Y
4.5%
D
US$59.38
Dominion Energy
7D
-6.1%
1Y
8.9%
CEG
US$281.99
Constellation Energy
7D
-6.6%
1Y
26.7%

Constellation Energy Corp. (CEG): The Nuclear AI Titan – Electrifying the Intelligence Age

Vestra has increased revenue growth from 13.6% to 24.8%.
AEP
US$125.66
American Electric Power Company
7D
-6.0%
1Y
19.6%
EXC
US$46.44
Exelon
7D
-6.8%
1Y
6.0%
VST
US$146.02
Vistra
7D
-8.1%
1Y
11.8%
OKLO
US$53.97
Oklo
7D
-7.5%
1Y
98.7%

Advanced Nuclear Policy And Fuel Progress Will Support Long-Term Clean Power And Isotope Demand

Catalysts About Oklo Oklo develops and deploys advanced nuclear reactors, fuel cycle capabilities and radioisotope facilities through an integrated power, fuel and isotopes platform. What are the underlying business or industry changes driving this perspective?
GWRS
US$7.48
Global Water Resources
7D
1.6%
1Y
-32.8%

GWRS: Future Returns Will Rely On Resolution Of The Delayed Rate Case

Analysts have trimmed the price target for Global Water Resources to $9.20 from $9.60, citing weaker Q4 results, higher operating costs, and a delayed rate case. This has also led to a higher projected future P/E multiple and a lower profit margin in updated models.
ELLO
US$25.34
Ellomay Capital
7D
3.2%
1Y
58.4%
ANNA
US$7.07
AleAnna
7D
78.5%
1Y
-8.2%
VIVO
US$2.24
VivoPower
7D
8.2%
1Y
73.6%
WAVE
US$6.31
Eco Wave Power Global
7D
7.1%
1Y
-14.7%
SPRU
US$4.42
Spruce Power Holding
7D
8.1%
1Y
83.4%

Spruce Power Holding Corporation's (NYSE:SPRU) Shares Bounce 28% But Its Business Still Trails The Industry

Jan 29
Spruce Power Holding Corporation's (NYSE:SPRU) Shares Bounce 28% But Its Business Still Trails The Industry
PCYO
US$10.35
Pure Cycle
7D
0.8%
1Y
-3.4%