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U.S. Utilities Sector Analysis

UpdatedNov 09, 2025
DataAggregated Company Financials
Companies122
  • 7D0.7%
  • 3M5.3%
  • 1Y14.3%
  • YTD18.5%

Last week, the Utilities industry hasn't moved much but NextEra Energy is up 3.1% in that time. As for the the longer term, the industry is up 14% over the past 12 months. 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, 09 Nov 2025US$1.6tUS$559.3bUS$68.0b20.4x23.6x2.9x
Tue, 07 Oct 2025US$1.6tUS$549.9bUS$63.6b21.2x24.9x2.9x
Thu, 04 Sep 2025US$1.5tUS$549.2bUS$63.7b20.4x23.3x2.7x
Sat, 02 Aug 2025US$1.5tUS$545.7bUS$65.3b21x23.2x2.8x
Mon, 30 Jun 2025US$1.4tUS$540.3bUS$64.0b20.2x22.4x2.7x
Wed, 28 May 2025US$1.4tUS$540.1bUS$64.0b20.8x22.2x2.6x
Fri, 25 Apr 2025US$1.4tUS$527.2bUS$62.1b21.1x22.2x2.6x
Sun, 23 Mar 2025US$1.4tUS$526.8bUS$63.1b20.6x21.8x2.6x
Tue, 18 Feb 2025US$1.4tUS$525.6bUS$62.0b20.3x22.2x2.6x
Thu, 16 Jan 2025US$1.3tUS$528.1bUS$58.6b19.5x22.5x2.5x
Sat, 14 Dec 2024US$1.4tUS$532.1bUS$61.1b20.1x22.2x2.5x
Mon, 11 Nov 2024US$1.4tUS$533.4bUS$61.3b20.6x22.6x2.6x
Wed, 09 Oct 2024US$1.4tUS$522.9bUS$60.5b19.3x22.8x2.6x
Fri, 06 Sep 2024US$1.3tUS$522.9bUS$60.5b19.6x22x2.6x
Sun, 04 Aug 2024US$1.3tUS$521.9bUS$60.6b19.8x21.4x2.5x
Tue, 02 Jul 2024US$1.2tUS$517.6bUS$60.4b17.9x19.7x2.3x
Thu, 30 May 2024US$1.2tUS$518.1bUS$60.4b17.7x20.5x2.4x
Sat, 27 Apr 2024US$1.2tUS$525.9bUS$57.8b18.5x20x2.2x
Mon, 25 Mar 2024US$1.1tUS$528.0bUS$57.4b18.2x19.5x2.1x
Wed, 21 Feb 2024US$1.1tUS$536.6bUS$54.4b17.9x19.7x2x
Fri, 19 Jan 2024US$1.1tUS$543.9bUS$53.5b18.2x20.1x2x
Sun, 17 Dec 2023US$1.1tUS$543.9bUS$53.5b19.2x20.9x2.1x
Tue, 14 Nov 2023US$1.0tUS$545.0bUS$53.3b18.2x19.5x1.9x
Thu, 12 Oct 2023US$1.1tUS$554.7bUS$51.7b19.2x20.4x1.9x
Sat, 09 Sep 2023US$1.1tUS$549.8bUS$50.8b19.8x21.3x2x
Mon, 07 Aug 2023US$1.1tUS$548.4bUS$48.6b20.8x23x2x
Wed, 05 Jul 2023US$1.1tUS$551.7bUS$45.7b20.4x25.1x2.1x
Fri, 02 Jun 2023US$1.1tUS$549.2bUS$46.5b19.6x24x2x
Sun, 30 Apr 2023US$1.2tUS$536.1bUS$47.0b21.5x25.4x2.2x
Tue, 28 Mar 2023US$1.1tUS$532.0bUS$45.0b20.5x25.4x2.1x
Thu, 23 Feb 2023US$1.2tUS$528.8bUS$47.5b20.6x24.4x2.2x
Sat, 21 Jan 2023US$1.2tUS$531.4bUS$50.1b20.9x23.9x2.3x
Mon, 19 Dec 2022US$1.2tUS$531.8bUS$45.8b20.8x26.3x2.3x
Wed, 16 Nov 2022US$1.2tUS$530.6bUS$50.3b20.3x23.4x2.2x
Price to Earnings Ratio

23.4x


Total Market Cap: US$1.2tTotal Earnings: US$50.3bTotal Revenue: US$530.6bTotal 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 2.4x 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 11% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

Which industries have driven the changes within the U.S. Utilities sector?

US Market-1.96%
Utilities0.68%
Gas Utilities2.65%
Other Utilities2.57%
Water Utilities1.89%
Renewable Energy1.44%
Electric Utilities-0.37%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry even though it's trading below its 3-year average PE ratio of 286x.
    • Analysts are expecting annual earnings growth of 30.4%, which is higher than its past year's earnings growth of 4.5% per year.
  • Investors are most pessimistic about the Gas Utilities industry, which is trading below its 3-year average of 30.2x.
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 growth rate of 4.5% per year.
  • In contrast, the Other Utilities industry is expected to see its earnings grow by 9.5% 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$83.933.1%
+US$5.3b		9.0%PE26.9x
D Dominion EnergyUS$61.584.9%
+US$2.5b		6.6%PE20.1x
PEG Public Service Enterprise GroupUS$83.313.4%
+US$1.4b		-2.9%PE20x
PCG PG&EUS$16.513.4%
+US$1.2b		-19.9%PE14x
SRE SempraUS$93.721.9%
+US$1.2b		2.7%PE29x

Latest News

DUK
US$123.66
Duke Energy
7D
-0.5%
1Y
9.2%
ATO
US$176.91
Atmos Energy
7D
3.0%
1Y
22.7%
CEG
US$358.39
Constellation Energy
7D
-4.9%
1Y
49.7%

CEG: Expanding Power Deals Will Drive Commercial Momentum Forward

Constellation Energy’s analyst price target has been raised from approximately $386 to $404. This change is due to analysts expecting stronger revenue growth and continued commercial momentum, supported by expanding industry demand.
D
US$61.58
Dominion Energy
7D
4.9%
1Y
6.6%
NRG
US$172.50
NRG Energy
7D
0.4%
1Y
79.4%

NRG: Future Data Center Demand Will Drive Significant Upside Potential

NRG Energy's analyst price target has increased from $194.77 to $207.23. Analysts cite rising cash flows, stronger data center demand, and a favorable industry outlook as key drivers for the upward revision.
EVRG
US$75.59
Evergy
7D
-1.6%
1Y
20.9%

EVRG: Refreshed Business Plan And Regulatory Wins Will Support Measured Upside Ahead

Analysts have raised their fair value estimate for Evergy from $80.61 to $82.05. They cite adjusted growth assumptions, improved profit margin outlook, and a refreshed business plan as key drivers behind the higher price target.
VST
US$191.00
Vistra
7D
1.4%
1Y
34.6%
SRE
US$93.72
Sempra
7D
1.9%
1Y
2.7%

SRE: Future Earnings Guidance And Long-Term Outlook Will Drive Balanced Performance

Analysts have raised their price target for Sempra from $94.14 to $96.53. This reflects upward revisions to revenue growth expectations, despite a slight decline in projected profit margins.
TLN
US$386.57
Talen Energy
7D
-3.3%
1Y
87.2%
SO
US$91.44
Southern
7D
-2.8%
1Y
3.2%

SO: Recent Equity Offering and Improved Margins Will Shape Future Performance

Analysts have raised their price target for Southern from $100.08 to $100.45 per share. They cited slight improvements in projected profit margins while also noting a marginal reduction in expected revenue growth.
PEG
US$83.31
Public Service Enterprise Group
7D
3.4%
1Y
-2.9%
NEE
US$83.93
NextEra Energy
7D
3.1%
1Y
9.0%

NEE: Long-Term Clean Energy Demand Will Drive Future Performance

The analyst consensus price target for NextEra Energy has increased by over $4 to $91.00. Analysts cite constructive developments related to power purchase agreements and sustained demand for clean energy assets as reasons for the adjustment.
CNP
US$39.41
CenterPoint Energy
7D
3.1%
1Y
29.7%

CNP: Demand Trends And Capital Investment Will Drive Future Performance And Resiliency

CenterPoint Energy's analyst price target has been revised upward from $41.57 to $42.47. Analysts cite factors such as strong demand trends, recent asset sales, and continued regulatory momentum as supporting optimistic earnings and growth projections.
IMSR
US$13.91
Terrestrial Energy
7D
-18.2%
1Y
39.1%
OKLO
US$112.65
Oklo
7D
-15.2%
1Y
360.4%
PCG
US$16.51
PG&E
7D
3.4%
1Y
-19.9%

Surging Data Center Demand Will Drive Major Utility Infrastructure Upgrades

Analysts have raised PG&E's fair value price target from $20.69 to $21.23 per share, citing the company's positioning amid robust electricity demand, a positive regulatory environment, and ongoing upgrades to utility assets. Analyst Commentary Recent research from multiple firms highlights both positive momentum and lingering concerns for PG&E, shaping a nuanced outlook on the company's share price and future potential.