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U.S. Utilities Sector Analysis
UpdatedFeb 06, 2023
DataAggregated Company Financials
Companies132
- 7D-1.1%
- 3M3.5%
- 1Y-0.6%
- YTD-2.7%
Over the last 7 days, the Utilities industry has dropped 1.1%, driven by Dominion Energy declining 3.9%. In contrast, UGI has gained 7.4%. As for the longer term, the industry's performance has been flat for the past year. Looking forward, earnings are forecast to grow by 10% annually.
Sector Valuation and Performance
Has the U.S. Utilities Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 06 Feb 2023 | US$1.2t | US$535.0b | US$49.7b | 21.3x | 23.7x | 2.2x |
| Wed, 04 Jan 2023 | US$1.2t | US$531.4b | US$50.1b | 21.2x | 24.2x | 2.3x |
| Fri, 02 Dec 2022 | US$1.2t | US$531.3b | US$50.1b | 21.3x | 24.4x | 2.3x |
| Sun, 30 Oct 2022 | US$1.2t | US$513.8b | US$48.5b | 20.2x | 24x | 2.3x |
| Tue, 27 Sep 2022 | US$1.3t | US$505.2b | US$45.1b | 21x | 27.7x | 2.5x |
| Thu, 25 Aug 2022 | US$1.3t | US$505.3b | US$45.1b | 22.6x | 29x | 2.6x |
| Sat, 23 Jul 2022 | US$1.2t | US$484.2b | US$43.7b | 22.2x | 27x | 2.4x |
| Mon, 20 Jun 2022 | US$1.1t | US$484.3b | US$43.7b | 21.3x | 25.5x | 2.3x |
| Wed, 18 May 2022 | US$1.2t | US$484.2b | US$43.7b | 23.9x | 28.1x | 2.5x |
| Fri, 15 Apr 2022 | US$1.3t | US$473.4b | US$40.7b | 25.9x | 32x | 2.8x |
| Sun, 13 Mar 2022 | US$1.2t | US$479.9b | US$41.5b | 22.8x | 29.3x | 2.5x |
| Tue, 08 Feb 2022 | US$1.2t | US$465.4b | US$39.6b | 23.3x | 30.1x | 2.6x |
| Thu, 06 Jan 2022 | US$1.2t | US$443.5b | US$39.4b | 23.7x | 31.5x | 2.8x |
| Sat, 04 Dec 2021 | US$1.2t | US$443.3b | US$39.3b | 22.4x | 29.8x | 2.6x |
| Mon, 01 Nov 2021 | US$1.2t | US$433.2b | US$41.6b | 22x | 28.2x | 2.7x |
| Wed, 29 Sep 2021 | US$1.1t | US$429.8b | US$42.1b | 21.1x | 26.2x | 2.6x |
| Fri, 27 Aug 2021 | US$1.2t | US$430.6b | US$42.0b | 22.1x | 27.8x | 2.7x |
| Sat, 03 Jul 2021 | US$1.1t | US$430.0b | US$42.1b | 21.5x | 25.9x | 2.5x |
| Tue, 06 Apr 2021 | US$1.1t | US$418.5b | US$40.8b | 21.7x | 26.9x | 2.6x |
| Fri, 08 Jan 2021 | US$1.1t | US$399.8b | US$35.9b | 20.8x | 29.6x | 2.7x |
| Thu, 01 Oct 2020 | US$991.7b | US$398.4b | US$36.0b | 19.3x | 27.6x | 2.5x |
| Sun, 05 Jul 2020 | US$933.8b | US$381.2b | US$42.5b | 20.1x | 22x | 2.5x |
| Wed, 08 Apr 2020 | US$918.0b | US$402.3b | US$35.1b | 21.9x | 26.2x | 2.3x |
Price to Earnings Ratio
25.6x
Current Industry PE
- Investors are pessimistic on the American Utilities industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 23.7x which is lower than its 3-year average PE of 27.4x.
- The 3-year average PS ratio of 2.5x is higher than the industry's current PS ratio of 2.2x.
Past Earnings Growth
- The earnings for companies in the Utilities industry have grown 7.4% per year over the last three years.
- Revenues for these companies have grown 9.5% 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 Market | 1.73% | |
| Utilities | -1.08% | |
| Gas Utilities | 2.89% | |
| Water Utilities | 0.57% | |
| Renewable Energy | -1.15% | |
| Electric Utilities | -1.31% | |
| Other Utilities | -1.55% | |
Industry PE
- Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 432x.
- Analysts are expecting annual earnings growth of 17.8%, which is lower than the prior year's growth of 248.2% per year.
- Investors are most pessimistic about the Electric Utilities industry, which is trading below its 3-year average of 25.5x.
Forecasted Growth
- Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 18% over the next 5 years.
- In contrast, the Water Utilities industry is expected to see its earnings grow by 8.4% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| UGI UGI | US$41.98 | 5.5% +US$448.7m | 0.6% | PE40.7x | |
| NJR New Jersey Resources | US$53.13 | 7.5% +US$380.1m | 32.9% | PE18.4x | |
| NFG National Fuel Gas | US$59.68 | 4.5% +US$252.6m | 0.8% | PE9.1x | |
| WEC WEC Energy Group | US$93.56 | 0.9% +US$249.2m | -1.1% | PE21x | |
| SR Spire | US$75.59 | 6.0% +US$228.2m | 18.6% | PE16.5x |
