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U.S. Utilities Sector Analysis

UpdatedSep 15, 2025
DataAggregated Company Financials
Companies120
  • 7D3.2%
  • 3M6.4%
  • 1Y8.9%
  • YTD12.1%

In the last week, the Utilities industry is up 3.2%, with Constellation Energy leading the way, up 8.3%. This means that the industry has gained 8.9% over the past year. 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
Mon, 15 Sep 2025US$1.5tUS$549.2bUS$63.7b20.5x23.7x2.7x
Wed, 13 Aug 2025US$1.5tUS$549.0bUS$64.1b20.7x23.7x2.8x
Fri, 11 Jul 2025US$1.4tUS$540.7bUS$63.8b20.8x22.6x2.7x
Sun, 08 Jun 2025US$1.4tUS$540.1bUS$64.0b20.7x22.2x2.6x
Tue, 06 May 2025US$1.4tUS$534.3bUS$64.5b21x21.7x2.6x
Thu, 03 Apr 2025US$1.4tUS$526.8bUS$63.6b21x21.9x2.6x
Sat, 01 Mar 2025US$1.4tUS$527.4bUS$63.2b20.5x21.5x2.6x
Mon, 27 Jan 2025US$1.4tUS$526.6bUS$58.6b19.8x23.6x2.6x
Wed, 25 Dec 2024US$1.3tUS$523.4bUS$60.0b20.1x22.1x2.5x
Fri, 22 Nov 2024US$1.4tUS$533.4bUS$62.0b20.9x22.7x2.6x
Sun, 20 Oct 2024US$1.4tUS$522.9bUS$60.5b20.1x23.5x2.7x
Tue, 17 Sep 2024US$1.4tUS$522.9bUS$60.5b20.2x22.5x2.6x
Thu, 15 Aug 2024US$1.3tUS$522.7bUS$60.7b19.5x21.3x2.5x
Sat, 13 Jul 2024US$1.2tUS$517.6bUS$60.4b18.9x20.5x2.4x
Mon, 10 Jun 2024US$1.2tUS$518.0bUS$60.4b17.9x20.1x2.3x
Wed, 08 May 2024US$1.2tUS$521.7bUS$60.0b18.7x20.3x2.3x
Fri, 05 Apr 2024US$1.2tUS$561.5bUS$56.9b18.3x20.7x2.1x
Sun, 03 Mar 2024US$1.1tUS$528.5bUS$57.9b17.4x18.6x2x
Tue, 30 Jan 2024US$1.1tUS$544.0bUS$53.2b18.3x20.3x2x
Thu, 28 Dec 2023US$1.1tUS$543.9bUS$53.5b19.3x20.8x2x
Sat, 25 Nov 2023US$1.1tUS$543.9bUS$53.5b18.8x20.3x2x
Mon, 23 Oct 2023US$1.0tUS$549.7bUS$50.8b18.5x19.8x1.8x
Wed, 20 Sep 2023US$1.1tUS$549.7bUS$50.8b20.2x21.9x2x
Fri, 18 Aug 2023US$1.1tUS$549.3bUS$49.6b19.9x22.2x2x
Sun, 16 Jul 2023US$1.2tUS$551.7bUS$45.7b20.8x25.4x2.1x
Tue, 13 Jun 2023US$1.1tUS$549.3bUS$46.6b20.4x24.6x2.1x
Thu, 11 May 2023US$1.2tUS$549.0bUS$46.6b21.1x25.7x2.2x
Sat, 08 Apr 2023US$1.2tUS$532.0bUS$45.0b21.7x26.9x2.3x
Mon, 06 Mar 2023US$1.1tUS$532.0bUS$45.0b20.2x25.4x2.2x
Wed, 01 Feb 2023US$1.2tUS$533.3bUS$50.5b21.4x23.7x2.2x
Fri, 30 Dec 2022US$1.2tUS$531.4bUS$50.1b21.3x24.5x2.3x
Sun, 27 Nov 2022US$1.2tUS$531.3bUS$50.1b21.6x24.4x2.3x
Tue, 25 Oct 2022US$1.1tUS$505.2bUS$45.1b19.2x24.2x2.2x
Thu, 22 Sep 2022US$1.3tUS$505.2bUS$45.1b21.8x28.9x2.6x
Price to Earnings Ratio

28.9x


Total Market Cap: US$1.3tTotal Earnings: US$45.1bTotal Revenue: US$505.2bTotal 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 2.3x is lower than the industry's current PS ratio of 2.7x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 12% per year over the last three years.
  • Revenues for these companies have grown 2.8% 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 Market1.57%
Utilities3.22%
Renewable Energy7.08%
Electric Utilities3.37%
Other Utilities2.44%
Gas Utilities1.52%
Water Utilities-0.29%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry even though it's trading below its 3-year average PE ratio of 281x.
    • Analysts are expecting annual earnings growth of 23.2%, which is higher than its past year's earnings decline of 0.5% per year.
  • Investors are most pessimistic about the Other Utilities industry, which is trading close to its 3-year average of 20.9x.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 23% over the next 5 years.
  • This is better than its past earnings decline of 0.5% per year.
  • In contrast, the Water Utilities industry is expected to see its earnings grow by 8.2% 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$323.488.3%
+US$7.7b		62.3%PE33.6x
VST VistraUS$209.7011.5%
+US$7.3b		134.6%PE32.4x
NEE NextEra EnergyUS$71.642.7%
+US$3.9b		-15.4%PE24.9x
NRG NRG EnergyUS$164.8411.6%
+US$3.3b		104.1%PE70.1x
SRE SempraUS$83.945.7%
+US$3.0b		0.4%PE20.5x

Latest News

ELLO
US$18.22
Ellomay Capital
7D
-3.4%
1Y
44.4%
PCG
US$15.45
PG&E
7D
6.1%
1Y
-22.8%
VST
US$209.70
Vistra
7D
11.5%
1Y
134.6%
WTRG
US$38.31
Essential Utilities
7D
-0.2%
1Y
-2.9%
CEG
US$323.48
Constellation Energy
7D
8.3%
1Y
62.3%

Bipartisan Support And Nuclear Restarts Will Unlock Markets

Constellation Energy’s consensus price target was raised from $333.84 to $346.19 as analysts see the company well-positioned to benefit from rising AI-driven power demand, strong earnings growth, and accretive acquisitions. Analyst Commentary Analysts highlight that AI-driven demand is transforming the "Energy & Power" sector, positioning Constellation Energy as a key beneficiary of this emergent "Power revolution".
SRE
US$83.94
Sempra
7D
5.7%
1Y
0.4%

Texas Demand And LNG Projects Will Expand Infrastructure

With both net profit margin and revenue growth forecasts holding steady, Sempra's consensus analyst price target remained unchanged at $83.92. What's in the News Sempra updated 2025 GAAP EPS guidance to $4.05–$4.45.
BIPC
US$40.02
Brookfield Infrastructure
7D
-1.5%
1Y
-5.0%
D
US$60.05
Dominion Energy
7D
3.6%
1Y
2.6%
AWK
US$139.28
American Water Works Company
7D
-0.5%
1Y
-6.6%
NEE
US$71.64
NextEra Energy
7D
2.7%
1Y
-15.4%
RNW
US$7.62
ReNew Energy Global
7D
-0.3%
1Y
20.2%
OKLO
US$82.71
Oklo
7D
17.0%
1Y
1,231.9%
ALE
US$63.26
ALLETE
7D
-0.2%
1Y
-1.0%
MNTK
US$2.02
Montauk Renewables
7D
-1.9%
1Y
-55.2%
AWR
US$73.12
American States Water
7D
-0.5%
1Y
-13.0%
NRG
US$164.84
NRG Energy
7D
11.6%
1Y
104.1%