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U.S. Utilities Sector Analysis

UpdatedAug 05, 2026
DataAggregated Company Financials
Companies116
  • 7D-2.8%
  • 3M-3.9%
  • 1Y1.6%
  • YTD0.7%

In the last week, the Utilities industry is down 2.8% with NextEra Energy down the most at 2.3%. Over the last year, the industry has been flat overall. As for the next few years, earnings are expected to grow by 10.0% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 05 Aug 2026US$1.6tUS$592.0bUS$71.3b21.7x22.6x2.7x
Fri, 03 Jul 2026US$1.6tUS$587.1bUS$69.1b22.1x23.6x2.8x
Sun, 31 May 2026US$1.6tUS$597.7bUS$70.2b21.2x23.1x2.7x
Tue, 28 Apr 2026US$1.7tUS$569.3bUS$69.1b21.8x24.2x2.9x
Thu, 26 Mar 2026US$1.6tUS$567.9bUS$67.5b21x24.1x2.9x
Sat, 21 Feb 2026US$1.7tUS$566.9bUS$69.1b21.6x24x2.9x
Mon, 19 Jan 2026US$1.6tUS$556.5bUS$68.6b20.5x22.9x2.8x
Wed, 17 Dec 2025US$1.5tUS$556.5bUS$68.5b19.4x22.3x2.7x
Fri, 14 Nov 2025US$1.6tUS$559.5bUS$68.0b20.4x23.6x2.9x
Sun, 12 Oct 2025US$1.6tUS$549.9bUS$63.6b21.2x25.3x2.9x
Tue, 09 Sep 2025US$1.5tUS$549.2bUS$63.7b20.2x23.2x2.7x
Thu, 07 Aug 2025US$1.5tUS$547.4bUS$62.9b20.8x24.3x2.8x
Sat, 05 Jul 2025US$1.4tUS$540.7bUS$63.8b20.6x22.6x2.7x
Mon, 02 Jun 2025US$1.4tUS$540.1bUS$64.0b20.9x22.4x2.7x
Wed, 30 Apr 2025US$1.4tUS$528.7bUS$62.3b21.1x22.2x2.6x
Fri, 28 Mar 2025US$1.4tUS$526.8bUS$63.5b20.6x21.4x2.6x
Sun, 23 Feb 2025US$1.4tUS$525.9bUS$62.1b20.6x22.5x2.7x
Tue, 21 Jan 2025US$1.4tUS$528.1bUS$58.6b19.9x23.4x2.6x
Thu, 19 Dec 2024US$1.3tUS$532.1bUS$61.1b19.4x21.9x2.5x
Sat, 16 Nov 2024US$1.4tUS$533.5bUS$61.3b20.4x22.3x2.6x
Mon, 14 Oct 2024US$1.4tUS$522.9bUS$60.5b19.6x22.8x2.6x
Wed, 11 Sep 2024US$1.3tUS$522.9bUS$60.5b19.7x22x2.5x
Fri, 09 Aug 2024US$1.3tUS$521.9bUS$61.7b19.1x20.8x2.5x
Sun, 07 Jul 2024US$1.2tUS$517.6bUS$60.4b18x19.8x2.3x
Tue, 04 Jun 2024US$1.3tUS$518.1bUS$60.4b18.3x20.9x2.4x
Thu, 02 May 2024US$1.2tUS$526.3bUS$57.9b18.8x20.2x2.2x
Sat, 30 Mar 2024US$1.2tUS$528.3bUS$57.3b18.5x20.8x2.3x
Mon, 26 Feb 2024US$1.1tUS$533.5bUS$55.2b17.7x19.6x2x
Wed, 24 Jan 2024US$1.1tUS$543.9bUS$53.5b18.2x20x2x
Fri, 22 Dec 2023US$1.1tUS$543.9bUS$53.5b19x20.6x2x
Sun, 19 Nov 2023US$1.1tUS$545.0bUS$53.3b18.8x20.3x2x
Tue, 17 Oct 2023US$1.1tUS$554.7bUS$51.7b19.1x20.4x1.9x
Thu, 14 Sep 2023US$1.1tUS$549.8bUS$50.8b20x21.9x2x
Sat, 12 Aug 2023US$1.1tUS$549.3bUS$49.6b20.9x22.7x2.1x
Price to Earnings Ratio

22.7x


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 2.5% 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 Market4.85%
Utilities-2.81%
Renewable Energy0.085%
Electric Utilities-2.83%
Water Utilities-2.85%
Gas Utilities-3.30%
Other Utilities-3.46%
Industry PE
  • Investors are most optimistic about the Water Utilities industry, which is trading close to its 3-year average PE ratio of 23.9x.
    • Analysts are expecting annual earnings growth of 9.4%, which is higher than its past year's earnings growth of 8.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 25% over the next 5 years.
  • This is better than its past earnings decline of 3.3% per year.
  • In contrast, the Other Utilities industry is expected to see its earnings grow by 5.2% 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$267.253.6%
+US$3.3b		-21.0%PE25.2x
TLN Talen EnergyUS$340.007.5%
+US$1.1b		-10.2%PS5x
OKLO OkloUS$43.339.5%
+US$652.5m		-48.5%PB2.9x
FRVO Fervo EnergyUS$22.757.7%
+US$480.3m		n/aPS33684.3x
BEPC Brookfield RenewableUS$33.553.1%
+US$453.5m		-2.2%PS3x

Latest News

NRG
US$117.04
NRG Energy
7D
-8.2%
1Y
-31.9%
DUK
US$124.27
Duke Energy
7D
-3.8%
1Y
0.2%
BEPC
US$33.55
Brookfield Renewable
7D
3.1%
1Y
-2.2%
AEP
US$128.35
American Electric Power Company
7D
-3.5%
1Y
13.3%
VST
US$143.23
Vistra
7D
-3.6%
1Y
-31.7%
NEE
US$87.20
NextEra Energy
7D
-2.3%
1Y
22.5%
RNW
US$6.29
ReNew Energy Global
7D
5.0%
1Y
-15.5%
CEG
US$267.25
Constellation Energy
7D
3.6%
1Y
-21.0%
Seeking Alpha • Aug 04

Constellation Energy: A Strong Buy For The Largest Nuclear Fleet

Summary Constellation Energy is the largest U.S. producer of carbon-free electricity, uniquely positioned to supply hyperscalers with 24/7, reliable, long-term power. I initiate CEG with a Strong Buy rating and a $355 price target, reflecting a +35% upside, supported by robust DCF, multiple, and Street cross-checks. CEG’s moat is underpinned by irreplicable nuclear assets, long-term PPAs with top hyperscalers, and a legislated price floor that limits downside risk. Key catalysts include new datacenter PPAs, the Three Mile Island/Crane restart, Calpine synergies, and capacity-market price gains, balanced against power-price cyclicality and execution risks. Read the full article on Seeking Alpha
FRVO
US$22.75
Fervo Energy
7D
7.7%
1Y
n/a
EIX
US$70.69
Edison International
7D
-11.4%
1Y
27.9%
SO
US$93.25
Southern
7D
-3.6%
1Y
-1.2%
IDA
US$144.57
IDACORP
7D
-2.7%
1Y
15.3%
OKLO
US$43.33
Oklo
7D
9.5%
1Y
-48.5%
SRE
US$86.65
Sempra
7D
-4.3%
1Y
5.2%
TLN
US$340.00
Talen Energy
7D
7.5%
1Y
-10.2%
Narrative Update • Jul 16

TLN: PJM Capacity Auction Reliance Will Constrain Upside From Current Levels

Talen Energy's updated analyst price target framework reflects a higher Street range, with several firms lifting targets into the $470 to $508 area. The internal fair value estimate adjusts to $333.82 as analysts temper revenue growth, margin, and future P/E assumptions in light of mixed signals from recent PJM auction outcomes and evolving contracted cash flow expectations.
ORA
US$100.08
Ormat Technologies
7D
1.6%
1Y
17.4%