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U.S. Utilities Sector Analysis

UpdatedJul 12, 2026
DataAggregated Company Financials
Companies117
  • 7D-0.7%
  • 3M-2.2%
  • 1Y10.0%
  • YTD3.9%

Over the last 7 days, the Utilities industry has remained flat, although notably Constellation Energy gained 5.1%. As for the the longer term, the industry is up 10.0% over the past 12 months. 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
Sun, 12 Jul 2026US$1.6tUS$587.1bUS$69.0b21.9x23.9x2.8x
Tue, 09 Jun 2026US$1.6tUS$587.1bUS$69.1b20.9x23.3x2.7x
Thu, 07 May 2026US$1.7tUS$578.3bUS$66.6b21.6x25.1x2.9x
Sat, 04 Apr 2026US$1.7tUS$568.0bUS$67.5b21.8x24.8x2.9x
Mon, 02 Mar 2026US$1.7tUS$568.2bUS$67.5b22.1x25.4x3x
Wed, 28 Jan 2026US$1.5tUS$556.5bUS$68.6b20.7x22.6x2.8x
Fri, 26 Dec 2025US$1.5tUS$556.5bUS$68.5b19.5x22.3x2.7x
Sun, 23 Nov 2025US$1.6tUS$558.0bUS$68.7b20.4x22.7x2.8x
Tue, 21 Oct 2025US$1.6tUS$549.9bUS$63.6b21.7x25.7x3x
Thu, 18 Sep 2025US$1.5tUS$549.9bUS$63.6b20.3x23.4x2.7x
Sat, 16 Aug 2025US$1.5tUS$549.2bUS$63.7b20.5x23.8x2.8x
Mon, 14 Jul 2025US$1.5tUS$540.7bUS$63.8b20.8x22.8x2.7x
Wed, 11 Jun 2025US$1.4tUS$539.3bUS$64.4b20.7x22x2.6x
Fri, 09 May 2025US$1.4tUS$538.4bUS$64.0b20.8x22.2x2.6x
Sun, 06 Apr 2025US$1.3tUS$526.8bUS$63.6b19.9x20.6x2.5x
Tue, 04 Mar 2025US$1.4tUS$526.8bUS$63.1b20.2x21.8x2.6x
Thu, 30 Jan 2025US$1.3tUS$526.7bUS$58.7b19.9x22.7x2.5x
Sat, 28 Dec 2024US$1.3tUS$523.4bUS$60.0b20x22.1x2.5x
Mon, 25 Nov 2024US$1.4tUS$533.3bUS$61.6b21.5x23.1x2.7x
Wed, 23 Oct 2024US$1.4tUS$522.9bUS$60.5b19.9x23.5x2.7x
Fri, 20 Sep 2024US$1.4tUS$522.9bUS$60.5b19.8x22.5x2.6x
Sun, 18 Aug 2024US$1.3tUS$522.9bUS$60.6b19.4x21.4x2.5x
Tue, 16 Jul 2024US$1.2tUS$517.6bUS$60.4b18.7x20.6x2.4x
Thu, 13 Jun 2024US$1.2tUS$518.0bUS$60.4b17.9x20.2x2.4x
Sat, 11 May 2024US$1.2tUS$518.4bUS$60.2b18.7x20.7x2.4x
Mon, 08 Apr 2024US$1.1tUS$528.1bUS$57.4b18.4x19.9x2.2x
Wed, 06 Mar 2024US$1.1tUS$526.2bUS$57.9b17.5x18.8x2.1x
Fri, 02 Feb 2024US$1.1tUS$542.6bUS$54.4b18.6x20.3x2x
Sun, 31 Dec 2023US$1.1tUS$543.9bUS$53.5b19.4x20.9x2.1x
Tue, 28 Nov 2023US$1.1tUS$543.9bUS$53.5b18.9x20.3x2x
Thu, 26 Oct 2023US$1.0tUS$549.8bUS$50.8b18.9x20.2x1.9x
Sat, 23 Sep 2023US$1.1tUS$549.8bUS$50.8b19.7x21.7x2x
Mon, 21 Aug 2023US$1.1tUS$549.3bUS$49.6b20.1x22.2x2x
Wed, 19 Jul 2023US$1.1tUS$551.7bUS$45.7b20.7x25x2.1x
Price to Earnings Ratio

25x


Total Market Cap: US$1.1tTotal Earnings: US$45.7bTotal Revenue: US$551.7bTotal 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 3-year average PS ratio of 2.5x 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 15% per year over the last three years.
  • Revenues for these companies have grown 2.1% 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 Market0.81%
Utilities-0.67%
Renewable Energy2.73%
Gas Utilities0.75%
Electric Utilities-0.89%
Other Utilities-1.09%
Water Utilities-3.14%
Industry PE
  • Investors are most optimistic about the Water Utilities industry, which is trading close to its 3-year average PE ratio of 24.1x.
    • Analysts are expecting annual earnings growth of 10.0%, which is higher than its past year's earnings growth of 6.3% per year.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 26% over the next 5 years.
  • This is better than its past earnings decline of 8.3% per year.
  • In contrast, the Gas Utilities industry is expected to see its earnings grow by 9.8% 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$251.385.1%
+US$4.3b		-21.8%PE23.7x
VST VistraUS$158.865.2%
+US$2.6b		-19.2%PE26.1x
TLN Talen EnergyUS$385.805.8%
+US$1.0b		39.7%PS5.7x
NRG NRG EnergyUS$140.422.7%
+US$784.9m		-6.8%PE172.2x
SRE SempraUS$94.201.2%
+US$745.2m		26.3%PE32x

Latest News

DUK
US$125.48
Duke Energy
7D
-3.2%
1Y
6.8%
TLN
US$385.80
Talen Energy
7D
5.8%
1Y
39.7%
Seeking Alpha • Jul 11

Talen Energy: A Good Bet On Direct Data Centers Energy

Summary Talen Energy is rated Buy, driven by transformative contracts, accretive acquisitions, and a robust free cash flow growth outlook. TLN's 17-year, $1.4B annual PPA with Amazon anchors long-term cash flows, with $8+ after-tax cash flow per share projected by 2030-2032. The recent $3.5B acquisition of gas plants expands TLN's PJM capacity to 13.1GW, is immediately accretive, and is supported by intelligent refinancing. Capacity market exposure is largely locked in at record rates through 2029, while aggressive share buybacks and debt reduction enhance shareholder returns. Read the full article on Seeking Alpha
SRE
US$94.20
Sempra
7D
1.2%
1Y
26.3%
D
US$70.08
Dominion Energy
7D
0.5%
1Y
22.1%
PCG
US$17.17
PG&E
7D
0.7%
1Y
27.9%
EXC
US$46.80
Exelon
7D
-2.3%
1Y
7.6%
AEP
US$135.43
American Electric Power Company
7D
-2.2%
1Y
28.6%
XEL
US$80.06
Xcel Energy
7D
-2.3%
1Y
16.7%
AWK
US$130.69
American Water Works Company
7D
-4.5%
1Y
-8.2%
VST
US$158.86
Vistra
7D
5.2%
1Y
-19.2%
NRG
US$140.42
NRG Energy
7D
2.7%
1Y
-6.8%
Narrative Update • Jul 07

NRG: Future Retail Cash Flows From LS Power Assets Will Matter

The analyst price target for NRG Energy has been revised to $198.06 from $202.12 as analysts factor in a slightly higher discount rate, more measured revenue growth assumptions, and a modestly lower future P/E multiple, while still highlighting the scale and earnings stability of the retail business as a key support for valuation. Analyst Commentary Recent Street research on NRG Energy highlights both optimism and caution, with analysts weighing the value of its large retail platform against changing assumptions on discount rates, growth, and P/E multiples.
UGI
US$35.84
UGI
7D
2.0%
1Y
0.7%
CEG
US$251.38
Constellation Energy
7D
5.1%
1Y
-21.8%
ED
US$111.12
Consolidated Edison
7D
-2.5%
1Y
10.5%
WEC
US$114.96
WEC Energy Group
7D
-3.3%
1Y
9.0%
Seeking Alpha • Jul 01

WEC Energy Group: Data Centers Make This Utility Growth Story More Attractive

Summary WEC Energy Group (WEC) is rated a buy, driven by a visible earnings growth runway fueled by surging data-center demand. WEC's $37.5 billion regulated capital plan through 2030 supports management's 7%–8% long-term EPS growth target and robust dividend growth. The Very Large Customer tariff structure mitigates risk by shifting project-specific exposure to hyperscale customers, supporting regulatory approval and earnings visibility. Key risks include regulatory outcomes, tariff terms, and financing execution, but the data-center opportunity and capital plan underpin substantial upside potential. Read the full article on Seeking Alpha
SO
US$95.61
Southern
7D
-2.4%
1Y
3.2%