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U.S. Utilities Sector Analysis

UpdatedApr 05, 2026
DataAggregated Company Financials
Companies110
  • 7D1.6%
  • 3M7.3%
  • 1Y24.8%
  • YTD6.2%

Over the last 7 days, the Utilities industry has risen 1.6%, driven by gains from NextEra Energy of 1.9%. During this same period, the Constellation Energy underperformed, falling 9.5%. This means that the industry has gained 25% over the past year. 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
Sun, 05 Apr 2026US$1.7tUS$568.0bUS$67.5b21.8x24.8x2.9x
Tue, 03 Mar 2026US$1.7tUS$568.2bUS$67.5b22.1x25.4x3x
Thu, 29 Jan 2026US$1.6tUS$557.6bUS$68.9b20.6x22.7x2.8x
Sat, 27 Dec 2025US$1.5tUS$556.5bUS$68.5b19.4x22.3x2.7x
Mon, 24 Nov 2025US$1.6tUS$558.0bUS$68.7b20.4x22.8x2.8x
Wed, 22 Oct 2025US$1.6tUS$549.9bUS$63.6b21.7x25.7x3x
Fri, 19 Sep 2025US$1.5tUS$549.9bUS$63.6b20.3x23.5x2.7x
Sun, 17 Aug 2025US$1.5tUS$549.2bUS$63.7b20.5x23.7x2.7x
Tue, 15 Jul 2025US$1.5tUS$540.7bUS$63.8b20.9x22.8x2.7x
Thu, 12 Jun 2025US$1.4tUS$540.1bUS$64.0b20.7x22.2x2.6x
Sat, 10 May 2025US$1.4tUS$539.0bUS$63.6b20.7x22.1x2.6x
Mon, 07 Apr 2025US$1.3tUS$526.8bUS$63.6b19.9x20.6x2.5x
Wed, 05 Mar 2025US$1.4tUS$526.8bUS$63.1b20.4x22x2.6x
Fri, 31 Jan 2025US$1.3tUS$527.2bUS$58.9b20.2x22.7x2.5x
Sun, 29 Dec 2024US$1.3tUS$523.4bUS$60.0b20x22x2.5x
Tue, 26 Nov 2024US$1.4tUS$533.3bUS$61.6b21.2x23.1x2.7x
Thu, 24 Oct 2024US$1.4tUS$523.0bUS$60.6b19.9x23.3x2.7x
Sat, 21 Sep 2024US$1.4tUS$522.9bUS$60.5b20x22.4x2.6x
Mon, 19 Aug 2024US$1.3tUS$522.9bUS$60.6b19.4x21.4x2.5x
Wed, 17 Jul 2024US$1.2tUS$517.6bUS$60.4b19.1x20.2x2.4x
Fri, 14 Jun 2024US$1.2tUS$518.0bUS$60.4b17.8x20.1x2.3x
Sun, 12 May 2024US$1.2tUS$518.4bUS$60.2b18.7x20.7x2.4x
Tue, 09 Apr 2024US$1.1tUS$528.1bUS$57.4b18.6x19.9x2.2x
Thu, 07 Mar 2024US$1.1tUS$526.3bUS$57.9b17.7x18.8x2.1x
Sat, 03 Feb 2024US$1.1tUS$544.3bUS$53.5b18.6x20.2x2x
Mon, 01 Jan 2024US$1.1tUS$543.9bUS$53.5b19.4x20.9x2.1x
Wed, 29 Nov 2023US$1.1tUS$543.9bUS$53.5b18.9x20.3x2x
Fri, 27 Oct 2023US$1.0tUS$550.1bUS$50.3b19.1x20.6x1.9x
Sun, 24 Sep 2023US$1.1tUS$549.8bUS$50.8b19.7x21.7x2x
Tue, 22 Aug 2023US$1.1tUS$549.3bUS$49.6b20x21.7x2x
Thu, 20 Jul 2023US$1.2tUS$551.7bUS$45.7b20.9x25.3x2.1x
Sat, 17 Jun 2023US$1.2tUS$551.4bUS$46.6b20.7x25x2.1x
Mon, 15 May 2023US$1.2tUS$549.0bUS$46.6b21.1x25.6x2.2x
Wed, 12 Apr 2023US$1.2tUS$531.9bUS$45.0b21.7x26.9x2.3x
Price to Earnings Ratio

26.9x


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 24.8x 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 2.9x.
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 Market3.46%
Utilities1.59%
Other Utilities3.00%
Gas Utilities2.55%
Water Utilities1.61%
Electric Utilities1.14%
Renewable Energy-0.17%
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 11.5%, 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
NEE NextEra EnergyUS$93.151.9%
+US$3.8b		39.2%PE28.4x
ETR EntergyUS$114.904.6%
+US$2.3b		45.4%PE29.9x
SRE SempraUS$99.203.5%
+US$2.2b		50.6%PE36.1x
SO SouthernUS$97.452.0%
+US$2.1b		9.6%PE25.1x
DUK Duke EnergyUS$132.221.7%
+US$1.7b		11.2%PE21x

Latest News

DUK
US$132.22
Duke Energy
7D
1.7%
1Y
11.2%

DUK: Data Center Load And Storage Projects Will Support Balanced Future Outlook

Narrative Update The updated analyst price target for Duke Energy is $139. This reflects recent research in which several firms adjusted targets higher or lower as analysts weighed constructive views on the utility's load growth pipeline and regulated exposure against the impact of a roughly 15% share advance since early December.
ETR
US$114.90
Entergy
7D
4.6%
1Y
45.4%

ETR: Gulf Coast Demand And Regulation Will Guide Data Center Capital Plans

Entergy's fair value estimate has moved from $109.15 to $113.56 as analysts lift price targets across the sector, citing updated earnings guidance, increased capital plans, and expectations for continued industrial and data center driven demand. Analyst Commentary Recent research shows a cluster of price target revisions around Entergy, with most firms raising their targets and a smaller group trimming them.
ANNA
US$7.89
AleAnna
7D
-7.3%
1Y
-2.8%
NEE
US$93.15
NextEra Energy
7D
1.9%
1Y
39.2%
XEL
US$80.74
Xcel Energy
7D
3.4%
1Y
18.9%
VST
US$151.18
Vistra
7D
-2.8%
1Y
54.2%
OKLO
US$48.13
Oklo
7D
-4.2%
1Y
143.1%

Fuel And Isotope Execution Risks Will Limit Benefits From Long Term Nuclear Tailwinds

Catalysts About Oklo Oklo develops and deploys compact advanced nuclear reactors, along with related fuel and isotope businesses. What are the underlying business or industry changes driving this perspective?
AEP
US$132.68
American Electric Power Company
7D
2.0%
1Y
27.0%
CEG
US$272.82
Constellation Energy
7D
-9.5%
1Y
59.6%

CEG: PJM Contracting Acceleration Through 2026 Will Drive Bullish Outlook

Analysts now set a revised fair value estimate of $330.00 for Constellation Energy, up from $296.83. This reflects updated views on longer term earnings power, slightly higher assumed profit margins, and a richer future P/E multiple, despite more cautious revenue growth assumptions and a recent mix of target cuts and reaffirmed optimism across Street research.
SRE
US$99.20
Sempra
7D
3.5%
1Y
50.6%
MNTK
US$1.14
Montauk Renewables
7D
-5.8%
1Y
-41.5%

MNTK: 2026 Guidance Will Offset Margin And Leverage Concerns For Undervalued Shares

Analysts trimmed their price targets on Montauk Renewables by $0.50 at Clear Street to $3.50 and by $1.50 at B. Riley, citing mixed Q4 results, pressure on EBITDA margins, higher working capital related cash burn, and lower historical trading multiples, along with higher debt leverage from CapEx despite upbeat 2026 guidance.
SO
US$97.45
Southern
7D
2.0%
1Y
9.6%
D
US$62.77
Dominion Energy
7D
3.1%
1Y
19.0%

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

Analysts have inched their price target on Dominion Energy higher to $65.63 from $65.25, citing updated assumptions for revenue growth, profit margin, discount rate and future P/E that slightly adjust the stock's valuation outlook. 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).
NFG
US$94.44
National Fuel Gas
7D
-0.9%
1Y
29.3%
HNRG
US$15.83
Hallador Energy
7D
-9.9%
1Y
53.7%
VIVO
US$2.10
VivoPower
7D
-16.7%
1Y
-41.2%