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U.S. Utilities Sector Analysis

UpdatedJun 13, 2026
DataAggregated Company Financials
Companies116
  • 7D0.2%
  • 3M-4.8%
  • 1Y9.5%
  • YTD2.0%

The Utilities industry has stayed flat over the last week. As for the the longer term, the industry is up 9.5% over the past 12 months. As for the next few years, earnings are expected to grow by 12% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 14 Jun 2026US$1.6tUS$587.1bUS$69.1b21.5x23.1x2.7x
Tue, 12 May 2026US$1.6tUS$582.7bUS$67.8b21.5x23.9x2.8x
Thu, 09 Apr 2026US$1.7tUS$568.0bUS$67.5b22.1x24.7x2.9x
Sat, 07 Mar 2026US$1.7tUS$567.9bUS$67.3b21.9x25x3x
Mon, 02 Feb 2026US$1.6tUS$558.5bUS$67.6b20.4x23.1x2.8x
Wed, 31 Dec 2025US$1.5tUS$556.5bUS$68.6b19.5x22.3x2.7x
Fri, 28 Nov 2025US$1.6tUS$558.0bUS$68.7b20.6x23.3x2.9x
Sun, 26 Oct 2025US$1.6tUS$550.7bUS$64.0b21.9x25.5x3x
Tue, 23 Sep 2025US$1.5tUS$549.9bUS$63.6b20.2x23.7x2.7x
Thu, 21 Aug 2025US$1.5tUS$549.2bUS$63.7b20.6x23.8x2.8x
Sat, 19 Jul 2025US$1.5tUS$540.7bUS$63.8b21.2x22.8x2.7x
Mon, 16 Jun 2025US$1.4tUS$540.1bUS$64.0b20.6x22.3x2.6x
Wed, 14 May 2025US$1.4tUS$540.0bUS$63.9b20.3x21.9x2.6x
Fri, 11 Apr 2025US$1.3tUS$526.8bUS$63.6b20.1x21x2.5x
Sun, 09 Mar 2025US$1.3tUS$526.8bUS$63.1b20x21.4x2.6x
Tue, 04 Feb 2025US$1.4tUS$527.0bUS$60.4b20.2x22.5x2.6x
Thu, 02 Jan 2025US$1.3tUS$523.4bUS$60.0b20x21.9x2.5x
Sat, 30 Nov 2024US$1.4tUS$533.3bUS$61.2b21.3x23.7x2.7x
Mon, 28 Oct 2024US$1.4tUS$523.5bUS$61.4b19.6x22.8x2.7x
Wed, 25 Sep 2024US$1.4tUS$522.9bUS$60.5b19.9x23.1x2.7x
Fri, 23 Aug 2024US$1.3tUS$522.9bUS$60.6b19.3x21.7x2.5x
Sun, 21 Jul 2024US$1.2tUS$517.6bUS$60.4b19.1x20.4x2.4x
Tue, 18 Jun 2024US$1.2tUS$517.6bUS$60.4b18x20x2.3x
Thu, 16 May 2024US$1.2tUS$517.8bUS$60.4b18.7x20.6x2.4x
Sat, 13 Apr 2024US$1.1tUS$528.1bUS$57.4b18.1x19.7x2.1x
Mon, 11 Mar 2024US$1.1tUS$526.3bUS$57.9b17.9x19.2x2.1x
Wed, 07 Feb 2024US$1.1tUS$541.4bUS$53.6b17.8x19.7x2x
Fri, 05 Jan 2024US$1.1tUS$543.9bUS$53.5b19.4x21.2x2.1x
Sun, 03 Dec 2023US$1.1tUS$543.9bUS$53.5b19.1x20.6x2x
Tue, 31 Oct 2023US$1.0tUS$550.0bUS$50.3b18.9x20.4x1.9x
Thu, 28 Sep 2023US$1.0tUS$554.7bUS$51.7b18.8x20.3x1.9x
Sat, 26 Aug 2023US$1.1tUS$549.7bUS$50.8b19.9x21.7x2x
Mon, 24 Jul 2023US$1.2tUS$551.7bUS$45.7b21.5x26.1x2.2x
Wed, 21 Jun 2023US$1.2tUS$551.9bUS$45.7b20.4x25.2x2.1x
Price to Earnings Ratio

25.2x


Total Market Cap: US$1.2tTotal Earnings: US$45.7bTotal Revenue: US$551.9bTotal 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 industry is trading close to its 3-year average PS ratio of 2.5x.
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%
Utilities0.15%
Other Utilities0.82%
Water Utilities0.69%
Electric Utilities0.15%
Gas Utilities-0.61%
Renewable Energy-1.75%
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 12.4%, 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
SO SouthernUS$94.001.5%
+US$1.6b		4.0%PE24.3x
D Dominion EnergyUS$67.911.5%
+US$888.3m		22.3%PE20.4x
DUK Duke EnergyUS$124.970.6%
+US$584.7m		6.9%PE19.2x
SRE SempraUS$92.291.0%
+US$568.7m		24.6%PE31.3x
ED Consolidated EdisonUS$107.741.4%
+US$545.4m		3.6%PE18.4x

Latest News

FRVO
US$35.19
Fervo Energy
7D
-5.5%
1Y
n/a
D
US$67.91
Dominion Energy
7D
1.5%
1Y
22.3%
ED
US$107.74
Consolidated Edison
7D
1.4%
1Y
3.6%
Seeking Alpha • Jun 13

Consolidated Edison: A Steady Dividend King, Solid Valuation Ahead Of Summer

Summary Consolidated Edison remains a buy, offering a 3.3% yield, a 52-year dividend growth streak, and modest undervaluation versus intrinsic value. ED reaffirmed 2026 adjusted EPS guidance of $6.00–$6.20, with sell-side upgrades and projected steady earnings growth above 7% for FY 2026. Valuation supports upside: applying an 18.75x P/E to $6.25 normalized EPS yields a $117 target, above current levels, with a PEG ratio below the historical mean. Technical setup is constructive with rising 200-day moving average, but resistance at $114–$117 and weak RSI suggest momentum confirmation is needed. Read the full article on Seeking Alpha
EXC
US$46.21
Exelon
7D
1.0%
1Y
6.8%
CEG
US$253.76
Constellation Energy
7D
-0.4%
1Y
-14.5%
Narrative Update • Jun 12

CEG: AI Power Demand And Calpine Deal Will Support Future Upside

Analysts have trimmed their fair value estimate for Constellation Energy by about $9.57 to roughly $431.43, reflecting a series of recent price target reductions across the Street as they adjust assumptions for revenue growth, profit margins, and future P/E ratios. Analyst Commentary Recent Street research on Constellation Energy has featured a cluster of price target cuts, but the overall tone has not been uniformly cautious.
NRG
US$125.47
NRG Energy
7D
-2.9%
1Y
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AWK
US$126.31
American Water Works Company
7D
1.5%
1Y
-10.7%
SO
US$94.00
Southern
7D
1.5%
1Y
4.0%
DUK
US$124.97
Duke Energy
7D
0.6%
1Y
6.9%
CMS
US$73.57
CMS Energy
7D
2.1%
1Y
4.3%
Seeking Alpha • Jun 08

CMS Energy: An Undervalued Energy Holding Company For Long-Term Dividend Growth Investors

Summary CMS Energy is an American energy holding company. Founded in 1886, CMS is now a $22 billion (by market cap) energy player employing more than 8,000 people. CMS has increased its dividend for 20 consecutive years. Its 10-year dividend growth rate of 6.5% is very solid for a power utility. CMS has a fairly standard financial position for a power utility. Its long-term debt/equity ratio is 1.8, while the interest coverage ratio is over 2. The P/E ratio has compressed to 19.5. That compares favorably to its own five-year average of 21.8. Read the full article on Seeking Alpha
ES
US$68.69
Eversource Energy
7D
-2.7%
1Y
5.3%
PCG
US$16.95
PG&E
7D
-0.9%
1Y
24.3%
TXNM
US$57.06
TXNM Energy
7D
-3.8%
1Y
0.9%
SRE
US$92.29
Sempra
7D
1.0%
1Y
24.6%
Narrative Update • Jun 06

SRE: LNG Milestone And Extended EPS Guidance Will Support Future Returns

Analysts have nudged their price target for Sempra slightly lower to about $103.62 from $104. This reflects updated views on fair value, growth, and margins while keeping core assumptions broadly steady.
CWEN
US$37.47
Clearway Energy
7D
-5.7%
1Y
18.5%
New Narrative • May 31

Overreliance On Data Center Power And Tax Equity Will Pressure Future Earnings

Catalysts About Clearway Energy Clearway Energy owns and operates a portfolio of contracted renewable and flexible generation assets, including wind, solar, battery storage and gas fired facilities in the United States. What are the underlying business or industry changes driving this perspective?
BEPC
US$36.49
Brookfield Renewable
7D
-5.8%
1Y
13.0%