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U.S. Utilities Sector Analysis

UpdatedJul 01, 2026
DataAggregated Company Financials
Companies116
  • 7D0.2%
  • 3M-1.6%
  • 1Y10.3%
  • YTD3.7%

Over the last 7 days, the Utilities industry has risen 2.3%, driven by gains from NextEra Energy of 1.6%. During this same period, the Constellation Energy underperformed, falling 8.1%. In the last 12 months, the industry was up 12%. 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
Wed, 01 Jul 2026US$1.7tUS$587.1bUS$69.1b21.7x24.1x2.8x
Fri, 29 May 2026US$1.6tUS$597.7bUS$70.2b21.2x23.5x2.8x
Sun, 26 Apr 2026US$1.7tUS$569.3bUS$69.1b21.8x24.2x2.9x
Tue, 24 Mar 2026US$1.6tUS$567.9bUS$67.5b21x23.7x2.8x
Thu, 19 Feb 2026US$1.7tUS$563.7bUS$68.1b21.3x24.5x3x
Sat, 17 Jan 2026US$1.6tUS$556.5bUS$68.6b20.5x23x2.8x
Mon, 15 Dec 2025US$1.5tUS$558.0bUS$68.7b19.5x22.2x2.7x
Wed, 12 Nov 2025US$1.6tUS$559.5bUS$68.0b20.4x23.5x2.9x
Fri, 10 Oct 2025US$1.6tUS$549.9bUS$63.6b21.1x25.5x2.9x
Sun, 07 Sep 2025US$1.5tUS$549.2bUS$63.7b20.4x23.2x2.7x
Tue, 05 Aug 2025US$1.5tUS$546.2bUS$63.6b21x23.9x2.8x
Thu, 03 Jul 2025US$1.4tUS$540.7bUS$63.8b20.6x22.6x2.7x
Sat, 31 May 2025US$1.4tUS$540.1bUS$64.0b20.9x22.2x2.6x
Mon, 28 Apr 2025US$1.4tUS$528.6bUS$62.1b20.9x22.2x2.6x
Wed, 26 Mar 2025US$1.4tUS$526.8bUS$63.5b20.3x21.6x2.6x
Fri, 21 Feb 2025US$1.4tUS$525.6bUS$62.0b20.7x22.5x2.7x
Sun, 19 Jan 2025US$1.4tUS$528.1bUS$58.6b19.9x23.4x2.6x
Tue, 17 Dec 2024US$1.4tUS$532.1bUS$61.1b19.9x22.2x2.5x
Thu, 14 Nov 2024US$1.4tUS$533.4bUS$61.3b20.3x22.5x2.6x
Sat, 12 Oct 2024US$1.4tUS$522.9bUS$60.5b19.6x22.6x2.6x
Mon, 09 Sep 2024US$1.3tUS$522.9bUS$60.5b19.4x21.8x2.5x
Wed, 07 Aug 2024US$1.3tUS$521.8bUS$60.6b19.3x20.9x2.4x
Fri, 05 Jul 2024US$1.2tUS$517.6bUS$60.4b17.9x19.8x2.3x
Sun, 02 Jun 2024US$1.3tUS$518.1bUS$60.4b18.3x20.9x2.4x
Tue, 30 Apr 2024US$1.2tUS$525.9bUS$57.8b18.7x20x2.2x
Thu, 28 Mar 2024US$1.1tUS$528.0bUS$57.4b18.5x19.9x2.2x
Sat, 24 Feb 2024US$1.1tUS$534.3bUS$54.4b17.6x19.9x2x
Mon, 22 Jan 2024US$1.1tUS$543.9bUS$53.5b18.1x20.1x2x
Wed, 20 Dec 2023US$1.1tUS$543.9bUS$53.5b19.2x20.9x2.1x
Fri, 17 Nov 2023US$1.1tUS$545.0bUS$53.3b18.8x20.3x2x
Sun, 15 Oct 2023US$1.0tUS$554.7bUS$51.7b19x20.3x1.9x
Tue, 12 Sep 2023US$1.1tUS$549.8bUS$50.8b19.9x21.6x2x
Thu, 10 Aug 2023US$1.1tUS$547.7bUS$47.7b20.9x23.6x2.1x
Sat, 08 Jul 2023US$1.1tUS$551.7bUS$45.7b20.4x24.9x2.1x
Price to Earnings Ratio

24.9x


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 2.9x.
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 2.1% 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 Market1.92%
Utilities0.19%
Water Utilities3.79%
Other Utilities0.85%
Electric Utilities0.31%
Gas Utilities-0.12%
Renewable Energy-3.97%
Industry PE
  • Investors are most optimistic about the Other Utilities industry which is trading above its 3-year average PE ratio of 20.2x.
    • Analysts are expecting annual earnings growth of 12.2%, which is higher than its past year's earnings growth of 10.2% 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
NEE NextEra EnergyUS$87.771.6%
+US$2.8b		20.1%PE22.4x
NRG NRG EnergyUS$146.066.1%
+US$1.8b		-6.3%PE179.2x
AEP American Electric Power CompanyUS$136.812.3%
+US$1.7b		31.1%PE20.4x
DUK Duke EnergyUS$126.581.2%
+US$1.2b		6.5%PE19.5x
AWK American Water Works CompanyUS$131.583.9%
+US$972.5m		-7.7%PE23.3x

Latest News

AWK
US$131.58
American Water Works Company
7D
3.9%
1Y
-7.7%
AEP
US$136.81
American Electric Power Company
7D
2.3%
1Y
31.1%
OKLO
US$52.33
Oklo
7D
-8.5%
1Y
1.1%
CEG
US$248.37
Constellation Energy
7D
-8.1%
1Y
-19.3%
Seeking Alpha • 11h

Constellation Energy: Even The Short-Term Looks Fine Now

Summary After a 25% YTD correction, Constellation Energy Group has started looking attractive from a short-term perspective again, but its fundamentals remain strong. Recent license renewals for its Dresden and Clinton nuclear plants, which will support giants like Walmart and Meta, respectively, promise well for the company. Medium-term guidance and long-term projections both indicate that the stock can make big gains in the next five years. Potential regulatory risks around rate increases could temper earnings growth, but significant price upside is likely even then. Read the full article on Seeking Alpha
TLN
US$384.26
Talen Energy
7D
-5.3%
1Y
39.1%
VST
US$158.63
Vistra
7D
-2.3%
1Y
-14.3%
DUK
US$126.58
Duke Energy
7D
1.2%
1Y
6.5%
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SO
US$95.71
Southern
7D
0.8%
1Y
3.7%
NEE
US$87.77
NextEra Energy
7D
1.6%
1Y
20.1%
ORA
US$108.90
Ormat Technologies
7D
-11.7%
1Y
28.5%
FRVO
US$29.23
Fervo Energy
7D
-11.3%
1Y
n/a
New Narrative • Jun 26

Long-Term Geothermal PPAs And Policy Tailwinds Will Support Future Clean Power Demand

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CWEN
US$34.18
Clearway Energy
7D
-6.5%
1Y
8.3%
Narrative Update • Jun 26

CWEN: Future Dropdown Pipeline And Equity Funding May Unlock Upside

Analysts have nudged their price targets on Clearway Energy higher into a $45 to $60 range, pointing to updated models that factor in equity issuances tied to additional expected dropdown opportunities later in the decade. Analyst Commentary Recent research updates on Clearway Energy center on how potential future dropdown opportunities and related equity issuances could influence the stock's valuation and execution risk.
NRG
US$146.06
NRG Energy
7D
6.1%
1Y
-6.3%
ED
US$110.63
Consolidated Edison
7D
1.7%
1Y
9.8%
Analysis Article • Jun 19

Consolidated Edison (ED) Stock Looks Fairly Valued After South Bronx Electric Bus Win

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WEC
US$116.77
WEC Energy Group
7D
2.3%
1Y
11.5%
Analysis Article • Jun 19

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BEPC
US$37.12
Brookfield Renewable
7D
-2.1%
1Y
12.9%