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U.S. Utilities Sector Analysis

UpdatedFeb 24, 2026
DataAggregated Company Financials
Companies113
  • 7D0.03%
  • 3M4.5%
  • 1Y17.4%
  • YTD6.9%

Over the last 7 days, the Utilities industry has remained flat, although notably Dominion Energy declined by 3.4%. As for the the longer term, the industry is up 17% over the past 12 months. 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
Tue, 24 Feb 2026US$1.7tUS$567.7bUS$69.6b21.9x24x2.9x
Thu, 22 Jan 2026US$1.5tUS$556.5bUS$68.8b20.6x22.5x2.8x
Sat, 20 Dec 2025US$1.5tUS$556.5bUS$68.5b19.3x22.3x2.7x
Mon, 17 Nov 2025US$1.6tUS$559.6bUS$68.1b20.5x23.3x2.8x
Wed, 15 Oct 2025US$1.6tUS$549.9bUS$63.6b21.4x25.5x3x
Fri, 12 Sep 2025US$1.5tUS$549.2bUS$63.7b20.4x23.4x2.7x
Sun, 10 Aug 2025US$1.5tUS$548.2bUS$63.6b20.9x23.9x2.8x
Tue, 08 Jul 2025US$1.4tUS$540.7bUS$63.8b20.5x22.6x2.7x
Thu, 05 Jun 2025US$1.4tUS$540.1bUS$64.0b20.6x22.5x2.7x
Sat, 03 May 2025US$1.4tUS$534.5bUS$65.0b21.1x21.5x2.6x
Mon, 31 Mar 2025US$1.4tUS$526.8bUS$63.5b20.9x21.6x2.6x
Wed, 26 Feb 2025US$1.4tUS$525.7bUS$61.7b20.8x22.5x2.6x
Fri, 24 Jan 2025US$1.4tUS$528.1bUS$58.6b19.7x23.2x2.6x
Sun, 22 Dec 2024US$1.3tUS$532.1bUS$61.1b19.8x21.7x2.5x
Tue, 19 Nov 2024US$1.4tUS$533.4bUS$61.6b20.6x22.5x2.6x
Thu, 17 Oct 2024US$1.4tUS$522.9bUS$60.5b20.2x23.4x2.7x
Sat, 14 Sep 2024US$1.3tUS$522.9bUS$60.5b20.1x22.2x2.6x
Mon, 12 Aug 2024US$1.3tUS$522.9bUS$60.7b19.4x21.2x2.5x
Wed, 10 Jul 2024US$1.2tUS$517.6bUS$60.4b17.8x19.8x2.3x
Fri, 07 Jun 2024US$1.2tUS$518.2bUS$60.4b18x20.5x2.4x
Sun, 05 May 2024US$1.2tUS$524.8bUS$58.2b18.8x20.6x2.3x
Tue, 02 Apr 2024US$1.2tUS$561.5bUS$56.9b18.5x20.9x2.1x
Thu, 29 Feb 2024US$1.1tUS$532.1bUS$55.9b17.5x19.3x2x
Sat, 27 Jan 2024US$1.1tUS$544.0bUS$53.2b18.1x20.2x2x
Mon, 25 Dec 2023US$1.1tUS$543.9bUS$53.5b19.2x20.7x2x
Wed, 22 Nov 2023US$1.1tUS$544.3bUS$53.4b18.4x20.3x2x
Fri, 20 Oct 2023US$1.0tUS$549.7bUS$50.8b18.7x20x1.9x
Sun, 17 Sep 2023US$1.1tUS$549.8bUS$50.8b20.2x22.1x2x
Tue, 15 Aug 2023US$1.1tUS$549.3bUS$49.6b20.7x22.5x2x
Thu, 13 Jul 2023US$1.2tUS$551.7bUS$45.7b21x25.5x2.1x
Sat, 10 Jun 2023US$1.1tUS$549.3bUS$46.6b20.4x24.7x2.1x
Mon, 08 May 2023US$1.2tUS$546.9bUS$45.5b20.9x26.2x2.2x
Wed, 05 Apr 2023US$1.2tUS$532.0bUS$45.0b20.7x26x2.2x
Fri, 03 Mar 2023US$1.1tUS$532.0bUS$45.2b20x24.9x2.1x
Price to Earnings Ratio

24.9x


Total Market Cap: US$1.1tTotal Earnings: US$45.2bTotal 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 2.9x.
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 2.2% 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-0.35%
Utilities0.026%
Electric Utilities0.67%
Gas Utilities-0.34%
Water Utilities-0.64%
Other Utilities-0.79%
Renewable Energy-1.94%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 75.3x.
    • Analysts are expecting annual earnings growth of 29.8%, which is higher than its past year's earnings decline of 3.5% per year.
  • Investors are most pessimistic about the Water Utilities industry, which is trading below its 3-year average of 25.3x.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 30% over the next 5 years.
  • This is better than its past earnings decline of 3.5% per year.
  • In contrast, the Water Utilities industry is expected to see its earnings grow by 8.6% 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$95.180.2%
+US$2.0b		7.1%PE24.5x
CEG Constellation EnergyUS$293.801.9%
+US$1.9b		9.7%PE38.9x
EIX Edison InternationalUS$74.654.5%
+US$1.2b		42.9%PE6.4x
AEP American Electric Power CompanyUS$132.031.6%
+US$1.1b		24.2%PE19.9x
XEL Xcel EnergyUS$83.352.2%
+US$1.0b		17.8%PE24.4x

Latest News

D
US$64.23
Dominion Energy
7D
-3.4%
1Y
12.9%
XEL
US$83.35
Xcel Energy
7D
2.2%
1Y
17.8%
DUK
US$127.79
Duke Energy
7D
-0.3%
1Y
10.2%
VST
US$167.80
Vistra
7D
-2.2%
1Y
17.5%
AEP
US$132.03
American Electric Power Company
7D
1.6%
1Y
24.2%
EIX
US$74.65
Edison International
7D
4.5%
1Y
42.9%

EIX: Future Returns Will Be Constrained By Escalating Wildfire And Legal Risks

Analysts have lifted their consolidated price target on Edison International by several dollars per share into a range broadly aligned with recent raises to $68, $78, $79 and $83, citing a solid Q4 earnings beat, stronger core EPS of $6.55, updated multi year guidance and recalibrated sector multiples. Analyst Commentary Across recent research updates, you are seeing a mix of optimism around Edison International's earnings delivery and guidance, alongside a more cautious camp that is focused on valuation, execution risk and sector headwinds.
PCG
US$18.48
PG&E
7D
1.8%
1Y
15.4%
ED
US$112.14
Consolidated Edison
7D
-1.4%
1Y
12.5%
SRE
US$93.60
Sempra
7D
-1.2%
1Y
7.4%

SRE: Refined Profitability And P/E Assumptions Will Support Constructive Future Returns

Analysts have nudged their Sempra price target slightly higher to $100.06 from $99.60, citing small refinements in fair value, profit margin assumptions, and forward P/E expectations. Valuation Changes Fair Value has risen slightly from $99.60 to $100.06, reflecting a modest upward refinement in the model.
NRG
US$176.52
NRG Energy
7D
2.4%
1Y
70.7%

NRG: Future Cash Returns From Gas Assets And Dividends Will Matter

Analysts have nudged their blended price target for NRG Energy higher to $153, reflecting updated assumptions that pair a slightly higher fair value estimate with modest tweaks to revenue growth, profit margin, discount rate, and future P/E expectations. Analyst Commentary Recent Street research around NRG Energy shows a mix of optimism and caution, with price targets moving in both directions and ratings holding steady in the middle of the range.
TLN
US$367.84
Talen Energy
7D
-2.4%
1Y
70.4%

Nuclear Resurgence: Powering the AI Grid of Tomorrow

Talen Energy (TLN) is at the epicenter of the 2026 energy rotation, with shares trading around $382 as investors scramble for reliable, "always-on" carbon-free power. The company's crown jewel, the Susquehanna nuclear plant, has become one of the most valuable assets in the PJM Interconnection grid.
SO
US$95.18
Southern
7D
0.2%
1Y
7.1%

SO: Fair Value Outlook Will Balance Higher Profitability And Slightly Lower Future P/E

Analysts have reduced their price target for Southern by about $1, reflecting updated assumptions about fair value, discount rate, revenue growth, profit margin, and future P/E expectations. Valuation Changes Fair Value was reduced slightly from $99.23 to $98.13, reflecting updated model inputs.
POR
US$53.65
Portland General Electric
7D
-0.6%
1Y
21.1%
CEG
US$293.80
Constellation Energy
7D
1.9%
1Y
9.7%

CEG: Nuclear Fleet And Calpine Data Center Deals Will Define Balanced Outlook

Narrative Update Overview The analyst price target for Constellation Energy has shifted by $32.98, as analysts balance Wells Fargo's $18 target cut with TD Cowen's new $440 target. The new target highlights both elevated regulatory risk and potential upside from the Calpine integration and gas PPA deals tied to the nuclear fleet.
EXC
US$48.20
Exelon
7D
-0.6%
1Y
11.2%

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Feb 16
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OKLO
US$63.09
Oklo
7D
-4.0%
1Y
85.1%