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U.S. Utilities Sector Analysis

UpdatedApr 14, 2026
DataAggregated Company Financials
Companies111
  • 7D0.6%
  • 3M7.2%
  • 1Y19.6%
  • YTD6.5%

The Utilities is pretty flat in the last 7 days, but Constellation Energy has stood out, gaining 7.0%. The past year has been better, since the industry has gained 20% in that time. 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, 15 Apr 2026US$1.7tUS$567.9bUS$67.5b21.8x25.1x3x
Fri, 13 Mar 2026US$1.7tUS$567.9bUS$67.3b22x24.6x2.9x
Sun, 08 Feb 2026US$1.6tUS$559.9bUS$67.6b20.3x23.2x2.8x
Tue, 06 Jan 2026US$1.5tUS$556.5bUS$68.6b19.4x22.2x2.7x
Thu, 04 Dec 2025US$1.6tUS$558.0bUS$68.7b20x22.7x2.8x
Sat, 01 Nov 2025US$1.6tUS$554.8bUS$65.0b21.4x24.6x2.9x
Mon, 29 Sep 2025US$1.5tUS$549.9bUS$63.6b20.9x24.3x2.8x
Wed, 27 Aug 2025US$1.5tUS$549.2bUS$63.7b20.5x23.6x2.7x
Fri, 25 Jul 2025US$1.5tUS$541.3bUS$64.2b21.7x23.2x2.8x
Sun, 22 Jun 2025US$1.4tUS$540.2bUS$64.0b20.4x22.1x2.6x
Tue, 20 May 2025US$1.4tUS$540.1bUS$64.0b21.1x22.5x2.7x
Thu, 17 Apr 2025US$1.4tUS$526.8bUS$63.6b20.6x21.5x2.6x
Sat, 15 Mar 2025US$1.3tUS$526.8bUS$63.1b20.5x21.4x2.6x
Mon, 10 Feb 2025US$1.4tUS$523.9bUS$60.8b20.2x22.4x2.6x
Wed, 08 Jan 2025US$1.3tUS$528.1bUS$58.6b19.9x22.9x2.5x
Fri, 06 Dec 2024US$1.4tUS$533.3bUS$61.2b20.9x23x2.6x
Sun, 03 Nov 2024US$1.4tUS$525.1bUS$62.6b19.4x21.8x2.6x
Tue, 01 Oct 2024US$1.4tUS$522.9bUS$60.5b20x23.2x2.7x
Thu, 29 Aug 2024US$1.3tUS$522.9bUS$60.5b19.3x21.7x2.5x
Sat, 27 Jul 2024US$1.2tUS$518.1bUS$59.7b19.4x20.7x2.4x
Mon, 24 Jun 2024US$1.2tUS$517.6bUS$60.4b18x19.9x2.3x
Wed, 22 May 2024US$1.3tUS$518.1bUS$60.4b18.8x20.8x2.4x
Fri, 19 Apr 2024US$1.1tUS$528.1bUS$57.4b18.5x19.6x2.1x
Sun, 17 Mar 2024US$1.1tUS$527.9bUS$57.8b17.9x19.1x2.1x
Tue, 13 Feb 2024US$1.1tUS$539.4bUS$54.2b18x19.7x2x
Thu, 11 Jan 2024US$1.1tUS$543.9bUS$53.5b19.2x21.2x2.1x
Sat, 09 Dec 2023US$1.1tUS$543.9bUS$53.5b19x20.6x2x
Mon, 06 Nov 2023US$1.1tUS$547.1bUS$52.4b19.1x20.6x2x
Wed, 04 Oct 2023US$1.0tUS$554.7bUS$51.7b18x19.4x1.8x
Fri, 01 Sep 2023US$1.1tUS$549.7bUS$50.8b19.8x21.5x2x
Sun, 30 Jul 2023US$1.2tUS$550.6bUS$47.1b21.3x25x2.1x
Tue, 27 Jun 2023US$1.1tUS$551.9bUS$45.7b20.3x25x2.1x
Thu, 25 May 2023US$1.1tUS$549.1bUS$46.5b20.2x24.4x2.1x
Sat, 22 Apr 2023US$1.2tUS$531.9bUS$45.0b21.7x26.8x2.3x
Price to Earnings Ratio

26.8x


Total Market Cap: US$1.2tTotal Earnings: US$45.0bTotal Revenue: US$531.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Utilities Sector Price to Earnings3Y Average 22.3x202420252026
Current Industry PE
  • Investors are optimistic on the American Utilities industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 25.1x which is higher than its 3-year average PE of 22.3x.
  • The 3-year average PS ratio of 2.4x is lower than the industry's current PS ratio of 3.0x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 14% per year over the last three years.
  • Revenues for these companies have grown 2.2% 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 Market4.25%
Utilities0.59%
Renewable Energy2.22%
Electric Utilities0.97%
Gas Utilities0.44%
Other Utilities-0.40%
Water Utilities-2.35%
Industry PE
  • Investors are most optimistic about the Other Utilities industry which is trading above its 3-year average PE ratio of 20.1x.
    • Analysts are expecting annual earnings growth of 11.1%, which is higher than its past year's earnings growth of 6.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 28% over the next 5 years.
  • This is better than its past earnings decline of 44% per year.
  • In contrast, the Water Utilities industry is expected to see its earnings grow by 9.1% 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$291.727.0%
+US$6.9b		40.0%PE45.6x
NRG NRG EnergyUS$170.2413.6%
+US$4.4b		77.5%PE45.8x
VST VistraUS$158.204.4%
+US$2.2b		40.4%PE71.2x
OKLO OkloUS$58.5825.7%
+US$2.1b		154.7%PB6.9x
AEP American Electric Power CompanyUS$134.461.6%
+US$1.1b		26.2%PE20.4x

Latest News

TLN
US$345.76
Talen Energy
7D
4.8%
1Y
70.4%
OKLO
US$58.58
Oklo
7D
25.7%
1Y
154.7%
NEE
US$92.30
NextEra Energy
7D
-0.5%
1Y
36.4%

NextEra Energy: Iran War Exposes Flaws In Fossil Fuels, Advantages Of Renewables

Apr 13
VST
US$158.20
Vistra
7D
4.4%
1Y
40.4%

VST: Long Term Nuclear Contracts Will Support PJM Demand And Undervalued Upside

Analysts have updated their view on Vistra with a higher fair value estimate, moving from $293.00 to $318.00. They cite recent mixed but generally supportive price target adjustments and ongoing confidence in the company story across several research firms.
CEG
US$291.72
Constellation Energy
7D
7.0%
1Y
40.0%
ETR
US$115.57
Entergy
7D
1.5%
1Y
38.5%
NRG
US$170.24
NRG Energy
7D
13.6%
1Y
77.5%
AEP
US$134.46
American Electric Power Company
7D
1.6%
1Y
26.2%

AEP: Data Center Load Backlog And Grid Investments Will Shape Outlook

Analysts have raised their average price target for American Electric Power Company by roughly $4 to about $137. They attribute this change to updated models that factor in higher contracted load, a larger capital program in transmission and supply, and refined earnings assumptions following recent Q4 results.
EXC
US$48.15
Exelon
7D
-1.6%
1Y
2.8%

EXC: Data Center Demand And Capex Plans Will Shape Grid Investment Outcomes

Analysts have lifted the implied fair value for Exelon by about $0.54 to $51.41. This reflects a series of higher Street price targets supported by updated utility sector models, new coverage with positive views, recent Q4 earnings and long term capital spending plans.
D
US$63.71
Dominion Energy
7D
1.6%
1Y
18.7%

D: Offshore Wind Progress And EPS Outlook Will Support Steady Long-Term Returns

Analysts have slightly raised their fair value estimate for Dominion Energy to $65.81 from $65.63, reflecting updated assumptions related to revenue growth, profit margins, and future P/E expectations. What's in the News Issued 2026 operating earnings guidance of $3.45 to $3.69 per share, with a midpoint of $3.57 per share that includes $0.07 per share of RNG 45Z income (company guidance).
AWK
US$133.39
American Water Works Company
7D
-1.5%
1Y
-9.2%

AWK: Essential Utilities Merger Prospects Will Support A Neutral Yet Guarded Outlook

Analysts have inched their fair value estimate for American Water Works Company up to $138.50 from $137.70, reflecting updated assumptions on revenue growth, profit margins and future P/E, as well as recent research that highlights potential upside if the proposed Essential Utilities merger ultimately goes through. Analyst Commentary Recent Street research signals a more balanced view on American Water Works Company, with some prior concerns seen as already reflected in the share price and the proposed Essential Utilities merger emerging as a key swing factor for valuation and execution risk.
DUK
US$129.78
Duke Energy
7D
-1.5%
1Y
7.7%
CNP
US$42.90
CenterPoint Energy
7D
-1.6%
1Y
15.4%

CNP: Future Returns Will Reflect Accelerated Load Timing And Resiliency Investments

Narrative Update The analyst price target for CenterPoint Energy has been adjusted slightly higher to about $45. This reflects updated views on load growth, capital spending plans, and earnings visibility following recent research from multiple firms.
SO
US$95.93
Southern
7D
-1.0%
1Y
5.2%

SO: Fair View Will Reflect Dam Safety Progress And Stable Future P/E

Analysts have nudged their price target on Southern slightly higher to $101.24. This reflects small refinements to their models around the discount rate, long term revenue growth, profit margin assumptions, and future P/E expectations.
EIX
US$72.39
Edison International
7D
-1.6%
1Y
26.5%

EIX: Wildfire Reform And Eaton Fire Litigation Will Pressure Future Equity Returns

Analysts have raised their average price target for Edison International by several dollars, reflecting higher revenue growth assumptions, a modestly lower discount rate, and updated views on long-term earnings visibility related to the capital plan and wildfire legislation, all of which factor into the new valuation. Analyst Commentary Recent Street research on Edison International shows a mix of optimism around the capital plan and earnings visibility, alongside clear pockets of caution around regulatory risk, wildfire exposure, and how much of this is already reflected in the valuation.
SRE
US$96.23
Sempra
7D
-1.8%
1Y
38.0%

SRE: Long Term EPS Guidance And Dividend Policy Will Support Future Returns

Analysts have made a slight upward adjustment to Sempra's price target, lifting it by about $0.13 to reflect small tweaks to fair value assumptions and forward P/E expectations. What's in the News Sempra's board declared a $0.6575 per share quarterly dividend on common stock, payable April 15, 2026, for shareholders of record as of March 19, 2026.