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U.S. Utilities Sector Analysis

UpdatedFeb 17, 2026
DataAggregated Company Financials
Companies114
  • 7D6.3%
  • 3M4.2%
  • 1Y18.1%
  • YTD6.9%

The Utilities industry has gained 6.3% in the last week and NextEra Energy up 3.3%. Meanwhile, Oklo actually underperformed within the industry, shrinking 5.4% in the last week. In the last 12 months, the industry was up 18%. 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
Tue, 17 Feb 2026US$1.7tUS$562.6bUS$68.0b21.8x24.6x3x
Thu, 15 Jan 2026US$1.5tUS$556.5bUS$68.6b20.1x22.6x2.8x
Sat, 13 Dec 2025US$1.5tUS$558.0bUS$68.7b19.5x22.3x2.7x
Mon, 10 Nov 2025US$1.6tUS$559.3bUS$68.0b20.4x23.6x2.9x
Wed, 08 Oct 2025US$1.6tUS$549.9bUS$63.6b21.3x25.2x2.9x
Fri, 05 Sep 2025US$1.5tUS$549.2bUS$63.7b20.5x23.2x2.7x
Sun, 03 Aug 2025US$1.5tUS$545.9bUS$63.5b20.6x23.8x2.8x
Tue, 01 Jul 2025US$1.4tUS$540.3bUS$64.0b20.4x22.4x2.7x
Thu, 29 May 2025US$1.4tUS$540.1bUS$64.0b20.6x22.4x2.7x
Sat, 26 Apr 2025US$1.4tUS$528.6bUS$62.1b20.9x22.3x2.6x
Mon, 24 Mar 2025US$1.4tUS$526.8bUS$63.1b20.6x21.8x2.6x
Wed, 19 Feb 2025US$1.4tUS$525.1bUS$62.8b20.8x21.9x2.6x
Fri, 17 Jan 2025US$1.3tUS$528.1bUS$58.6b19.8x22.8x2.5x
Sun, 15 Dec 2024US$1.4tUS$532.1bUS$61.1b20.1x22.2x2.5x
Tue, 12 Nov 2024US$1.4tUS$533.4bUS$61.3b20.5x22.6x2.6x
Thu, 10 Oct 2024US$1.4tUS$522.9bUS$60.5b19.4x22.8x2.6x
Sat, 07 Sep 2024US$1.3tUS$522.9bUS$60.5b19.4x21.8x2.5x
Mon, 05 Aug 2024US$1.3tUS$521.9bUS$60.6b19.8x21.4x2.5x
Wed, 03 Jul 2024US$1.2tUS$517.6bUS$60.4b17.9x19.6x2.3x
Fri, 31 May 2024US$1.2tUS$518.1bUS$60.4b17.9x20.5x2.4x
Sun, 28 Apr 2024US$1.2tUS$525.9bUS$57.8b18.5x20x2.2x
Tue, 26 Mar 2024US$1.1tUS$528.0bUS$57.4b18.3x19.5x2.1x
Thu, 22 Feb 2024US$1.1tUS$536.6bUS$54.4b18.1x19.7x2x
Sat, 20 Jan 2024US$1.1tUS$543.9bUS$53.5b18.1x20.1x2x
Mon, 18 Dec 2023US$1.1tUS$543.9bUS$53.5b19.2x20.9x2.1x
Wed, 15 Nov 2023US$1.0tUS$545.0bUS$53.4b18.9x19.4x1.9x
Fri, 13 Oct 2023US$1.1tUS$554.7bUS$51.7b18.9x20.4x1.9x
Sun, 10 Sep 2023US$1.1tUS$549.8bUS$50.8b19.9x21.5x2x
Tue, 08 Aug 2023US$1.1tUS$548.4bUS$48.6b20.9x23x2x
Thu, 06 Jul 2023US$1.2tUS$551.7bUS$45.7b20.7x25.4x2.1x
Sat, 03 Jun 2023US$1.1tUS$549.2bUS$46.5b20x24.3x2.1x
Mon, 01 May 2023US$1.2tUS$536.1bUS$47.0b21.5x25.4x2.2x
Wed, 29 Mar 2023US$1.1tUS$532.0bUS$45.0b20.6x25.4x2.2x
Fri, 24 Feb 2023US$1.2tUS$530.5bUS$47.1b20.6x24.5x2.2x
Price to Earnings Ratio

24.5x


Total Market Cap: US$1.2tTotal Earnings: US$47.1bTotal Revenue: US$530.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Utilities Sector Price to Earnings3Y Average 22.4x202420252026
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 22.4x.
  • 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 13% 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-1.93%
Utilities6.30%
Water Utilities7.74%
Renewable Energy6.96%
Electric Utilities6.46%
Other Utilities6.02%
Gas Utilities4.14%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 75.4x.
    • Analysts are expecting annual earnings growth of 29.1%, which is higher than its past year's earnings decline of 3.5% per year.
  • Investors are most pessimistic about the Water Utilities industry, which is trading below its 3-year average of 25.4x.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 29% over the next 5 years.
  • This is better than its past earnings decline of 3.5% per year.
  • In contrast, the Water Utilities industry is expected to see its earnings grow by 8.4% 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$303.0111.8%
+US$11.5b		-6.9%PE40.1x
AEP American Electric Power CompanyUS$130.237.4%
+US$5.7b		27.4%PE19.7x
SO SouthernUS$94.954.7%
+US$4.7b		10.5%PE23.4x
EXC ExelonUS$48.488.6%
+US$4.5b		13.5%PE17.9x
VST VistraUS$171.497.4%
+US$4.0b		1.3%PE60.5x

Latest News

EXC
US$48.48
Exelon
7D
8.6%
1Y
13.5%

Exelon's (NASDAQ:EXC) Shareholders Will Receive A Bigger Dividend Than Last Year

Feb 16
Exelon's (NASDAQ:EXC) Shareholders Will Receive A Bigger Dividend Than Last Year
VST
US$171.49
Vistra
7D
7.4%
1Y
1.3%

VST: Long Term Meta Nuclear Contracts Will Support PJM Data Center Demand

Analysts kept their average price target for Vistra around $293, with modest tweaks to assumptions on discount rates, revenue growth, profit margins, and future P/E, reflecting mixed but generally constructive recent research updates on the company and its long term contracts and acquisitions. Analyst Commentary Recent research on Vistra has leaned constructive, with several price target adjustments and ratings actions reflecting confidence in the company’s ability to execute on long term contracts, acquisitions, and capital allocation.
AEP
US$129.94
American Electric Power Company
7D
7.2%
1Y
27.1%
NEE
US$93.80
NextEra Energy
7D
3.3%
1Y
36.9%
WAVE
US$5.05
Eco Wave Power Global
7D
-6.8%
1Y
-41.8%
CEG
US$288.43
Constellation Energy
7D
6.4%
1Y
-11.4%
MNTK
US$1.71
Montauk Renewables
7D
-1.2%
1Y
-63.5%

MNTK: Slightly Lower Discount Rate Will Support Undervalued Bullish Setup

Analysts have raised their price target on Montauk Renewables to $2.00 from $2.00, reflecting slightly adjusted assumptions around discount rate, revenue growth, profit margin, and future P/E. These changes keep their overall valuation view effectively unchanged.
DUK
US$128.20
Duke Energy
7D
3.7%
1Y
15.6%
HNRG
US$20.09
Hallador Energy
7D
-2.0%
1Y
82.6%
CWCO
US$37.21
Consolidated Water
7D
-0.8%
1Y
33.0%

CWCO: Revised Assumptions Will Support Future Margins And Share Price Upside

Analysts have nudged their price target on Consolidated Water up from US$42.50 to US$43.00, reflecting updated assumptions around revenue growth, margins, discount rate and future P/E expectations. Valuation Changes Fair Value Estimate: Adjusted slightly from US$42.50 to US$43.00.
NRG
US$172.35
NRG Energy
7D
10.2%
1Y
54.0%

NRG: Future Earnings Power From LS Power Assets May Reprice Shares

Analysts have modestly lifted their fair value estimate for NRG Energy to about $313, even as recent price target tweaks from firms like Jefferies, Wells Fargo and Morgan Stanley reflect ongoing debate over growth, margins and an updated future P/E near 24x. Analyst Commentary Recent Street research around NRG Energy highlights a mix of caution and optimism, with several bullish analysts focusing on where execution and valuation may still offer room for upside relative to their fair value work and updated P/E assumptions.
BIPC
US$49.56
Brookfield Infrastructure
7D
-2.0%
1Y
16.0%

Valuation Update

The valuation has been updated based on the latest financial results.
OKLO
US$65.69
Oklo
7D
-5.4%
1Y
30.9%
CDZI
US$4.91
Cadiz
7D
-1.2%
1Y
-4.8%
ORA
US$118.19
Ormat Technologies
7D
-4.7%
1Y
80.4%

ORA: Geothermal Projects And Data Center Agreement Will Support Balanced Medium Term Outlook

Analysts have adjusted their price target on Ormat Technologies from US$123.70 to US$126.30, citing updated assumptions for the discount rate, revenue growth, profit margins, and future P/E expectations. What's in the News Ormat was awarded the Telaga Ranu Geothermal Working Area in Halmahera, North Maluku, Indonesia, following a competitive tender with four qualified bidders, securing long term exploration and development rights for a geothermal resource within an approved feed in tariff zone (Key Developments).
SO
US$94.95
Southern
7D
4.7%
1Y
10.5%