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U.S. Utilities Sector Analysis

UpdatedNov 06, 2025
DataAggregated Company Financials
Companies122
  • 7D-1.3%
  • 3M3.5%
  • 1Y15.3%
  • YTD17.4%

Over the last 7 days, the Utilities industry has dropped 1.3%, driven by Constellation Energy declining 9.5%. This takes the industry's 12 month performance to a gain of 15%. Earnings are forecast to grow by 11% annually.

Sector Valuation and Performance

Has the U.S. Utilities Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 06 Nov 2025US$1.6tUS$557.1bUS$65.3b21.4x24.3x2.8x
Sat, 04 Oct 2025US$1.6tUS$549.9bUS$63.6b21.1x24.7x2.9x
Mon, 01 Sep 2025US$1.5tUS$549.2bUS$63.7b20.6x23.4x2.7x
Wed, 30 Jul 2025US$1.5tUS$541.9bUS$64.1b21.5x23.1x2.7x
Fri, 27 Jun 2025US$1.4tUS$540.3bUS$64.0b20.2x22.2x2.6x
Sun, 25 May 2025US$1.4tUS$540.1bUS$64.0b20.8x22.2x2.6x
Tue, 22 Apr 2025US$1.4tUS$526.7bUS$63.6b20.5x21.5x2.6x
Thu, 20 Mar 2025US$1.4tUS$526.8bUS$63.1b20.8x21.8x2.6x
Sat, 15 Feb 2025US$1.4tUS$525.6bUS$62.0b20.3x22.4x2.6x
Mon, 13 Jan 2025US$1.3tUS$503.3bUS$55.8b19.3x23.5x2.6x
Wed, 11 Dec 2024US$1.4tUS$533.3bUS$61.2b20.5x22.5x2.6x
Fri, 08 Nov 2024US$1.4tUS$531.1bUS$61.2b19.7x22.3x2.6x
Sun, 06 Oct 2024US$1.4tUS$522.9bUS$60.5b19.8x23.3x2.7x
Tue, 03 Sep 2024US$1.3tUS$522.9bUS$60.5b19.5x21.9x2.5x
Thu, 01 Aug 2024US$1.3tUS$519.1bUS$59.4b19.6x21.5x2.5x
Sat, 29 Jun 2024US$1.2tUS$517.6bUS$60.4b18x19.9x2.3x
Mon, 27 May 2024US$1.2tUS$518.1bUS$60.4b18.1x20.6x2.4x
Wed, 24 Apr 2024US$1.2tUS$528.1bUS$57.4b18.9x20.2x2.2x
Fri, 22 Mar 2024US$1.1tUS$528.0bUS$57.4b18.5x19.5x2.1x
Sun, 18 Feb 2024US$1.1tUS$537.1bUS$54.3b18.1x19.8x2x
Tue, 16 Jan 2024US$1.1tUS$543.9bUS$53.5b19x20.8x2x
Thu, 14 Dec 2023US$1.1tUS$543.9bUS$53.5b19.7x20.6x2x
Sat, 11 Nov 2023US$1.0tUS$545.0bUS$53.3b18.4x19.6x1.9x
Mon, 09 Oct 2023US$1.0tUS$554.7bUS$51.7b18.7x19.7x1.8x
Wed, 06 Sep 2023US$1.1tUS$549.7bUS$50.8b19.3x21.1x1.9x
Fri, 04 Aug 2023US$1.1tUS$548.7bUS$47.5b21.3x23.8x2.1x
Sun, 02 Jul 2023US$1.1tUS$551.7bUS$45.7b20.3x25x2.1x
Tue, 30 May 2023US$1.1tUS$549.1bUS$46.5b19.9x24.1x2x
Thu, 27 Apr 2023US$1.2tUS$532.3bUS$44.8b21.6x26.4x2.2x
Sat, 25 Mar 2023US$1.1tUS$532.0bUS$45.0b20.5x25.3x2.1x
Mon, 20 Feb 2023US$1.2tUS$527.6bUS$47.2b21x25.1x2.2x
Wed, 18 Jan 2023US$1.2tUS$531.4bUS$50.1b21.6x24.5x2.3x
Fri, 16 Dec 2022US$1.2tUS$531.8bUS$45.8b21.2x26.7x2.3x
Sun, 13 Nov 2022US$1.2tUS$529.4bUS$50.4b20.1x23.4x2.2x
Price to Earnings Ratio

23.4x


Total Market Cap: US$1.2tTotal Earnings: US$50.4bTotal Revenue: US$529.4bTotal 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 2.8x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 9.0% 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-1.58%
Utilities-1.29%
Gas Utilities0.83%
Water Utilities0.70%
Other Utilities-0.37%
Electric Utilities-1.85%
Renewable Energy-1.87%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry even though it's trading below its 3-year average PE ratio of 290x.
    • Analysts are expecting annual earnings growth of 23.3%, which is higher than its past year's earnings growth of 9.7% per year.
  • Investors are most pessimistic about the Other Utilities industry, which is trading close to its 3-year average of 20.4x.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 23% over the next 5 years.
  • This is better than its past earnings growth rate of 9.7% per year.
  • In contrast, the Other Utilities industry is expected to see its earnings grow by 8.9% 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
PCG PG&EUS$16.273.2%
+US$1.1b		-19.7%PE13.8x
ETR EntergyUS$96.280.9%
+US$914.3m		31.8%PE24.1x
XEL Xcel EnergyUS$81.191.9%
+US$896.4m		22.1%PE25.1x
NEE NextEra EnergyUS$82.140.5%
+US$791.4m		10.2%PE26.3x
D Dominion EnergyUS$59.691.2%
+US$626.0m		4.6%PE19.5x

Latest News

ETR
US$96.28
Entergy
7D
0.9%
1Y
31.8%
ORA
US$113.87
Ormat Technologies
7D
6.2%
1Y
39.0%

ORA: Revenue Guidance And New Partnerships Will Shape Growth Outlook Into 2025

Analysts have raised their price target for Ormat Technologies from $103 to $105.70, reflecting adjustments in revenue growth projections and updated discount rate assumptions. What's in the News Ormat Technologies provided revenue guidance for 2025, projecting revenues between $960 million and $980 million.
SO
US$91.41
Southern
7D
-2.2%
1Y
4.6%

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.
CMS
US$72.57
CMS Energy
7D
0.4%
1Y
6.9%

CMS: Favorable Michigan Load Growth And Regulatory Backdrop Will Support Steady Utility Returns

Analysts have modestly increased their price target for CMS Energy from $77.58 to $78.31 per share, citing the company's resilient fundamentals, improved profit margins, and supportive regulatory environment. Analyst Commentary Recent analyst research on CMS Energy presents a nuanced outlook, balancing positive expectations regarding the company’s growth prospects with caution surrounding industry dynamics and valuation considerations.
EXC
US$46.15
Exelon
7D
-2.2%
1Y
20.4%
EIX
US$56.78
Edison International
7D
2.5%
1Y
-30.0%
D
US$59.69
Dominion Energy
7D
1.2%
1Y
4.6%

Dominion Energy (NYSE:D) Is Due To Pay A Dividend Of $0.6675

Nov 03
Dominion Energy (NYSE:D) Is Due To Pay A Dividend Of $0.6675
VST
US$189.39
Vistra
7D
-5.0%
1Y
50.2%
XEL
US$81.19
Xcel Energy
7D
1.9%
1Y
22.1%

Earnings Miss: Xcel Energy Inc. Missed EPS By 34% And Analysts Are Revising Their Forecasts

Nov 02
Earnings Miss: Xcel Energy Inc. Missed EPS By 34% And Analysts Are Revising Their Forecasts
CEG
US$363.25
Constellation Energy
7D
-9.5%
1Y
54.6%
NEE
US$82.14
NextEra Energy
7D
0.5%
1Y
10.2%

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.
DTE
US$134.00
DTE Energy
7D
-3.5%
1Y
10.2%
AEP
US$119.76
American Electric Power Company
7D
-1.9%
1Y
24.4%
NRG
US$173.19
NRG Energy
7D
-3.0%
1Y
87.5%
OKLO
US$121.23
Oklo
7D
-15.5%
1Y
458.1%
PCG
US$16.27
PG&E
7D
3.2%
1Y
-19.7%

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.