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U.S. Utilities Sector Analysis

UpdatedFeb 02, 2026
DataAggregated Company Financials
Companies114
  • 7D1.5%
  • 3M-3.0%
  • 1Y12.1%
  • YTD0.2%

The Utilities industry is up 1.5% in the last week, with NextEra Energy up 3.6%. This takes the industry's 12 month performance to a gain of 12%. 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
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
Fri, 19 May 2023US$1.1tUS$549.1bUS$46.5b20.4x24.6x2.1x
Sun, 16 Apr 2023US$1.2tUS$531.9bUS$45.0b21.5x26.6x2.2x
Tue, 14 Mar 2023US$1.1tUS$532.0bUS$45.0b20.2x25x2.1x
Thu, 09 Feb 2023US$1.2tUS$535.5bUS$49.7b20.9x23.4x2.2x
Price to Earnings Ratio

23.4x


Total Market Cap: US$1.2tTotal Earnings: US$49.7bTotal Revenue: US$535.5bTotal 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 2.8x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 11% 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-0.23%
Utilities1.47%
Gas Utilities1.91%
Other Utilities1.88%
Electric Utilities1.59%
Renewable Energy-0.31%
Water Utilities-0.59%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 56.8x.
    • Analysts are expecting annual earnings growth of 30.0%, which is higher than its past year's earnings decline of 3.5% per year.
  • Investors are most pessimistic about the Gas Utilities industry, which is trading below its 3-year average of 30.5x.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 30% 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 8.7% 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$87.902.8%
+US$5.1b		23.7%PE26.8x
DUK Duke EnergyUS$121.352.2%
+US$2.0b		7.2%PE19.2x
PEG Public Service Enterprise GroupUS$82.364.2%
+US$1.7b		-1.3%PE19.7x
SO SouthernUS$89.311.3%
+US$1.3b		6.4%PE22.1x
AEP American Electric Power CompanyUS$119.781.5%
+US$937.3m		20.5%PE17.5x

Latest News

BEPC
US$41.64
Brookfield Renewable
7D
5.9%
1Y
60.8%
SO
US$89.31
Southern
7D
1.3%
1Y
6.4%
ED
US$106.63
Consolidated Edison
7D
2.0%
1Y
11.5%

Consolidated Edison (NYSE:ED) Will Pay A Larger Dividend Than Last Year At $0.8875

Jan 31
Consolidated Edison (NYSE:ED) Will Pay A Larger Dividend Than Last Year At $0.8875
DTE
US$134.38
DTE Energy
7D
-0.8%
1Y
11.1%
ES
US$69.13
Eversource Energy
7D
-1.7%
1Y
18.2%
PPL
US$36.25
PPL
7D
-0.7%
1Y
7.2%
LNT
US$65.91
Alliant Energy
7D
-1.6%
1Y
11.2%

Alliant Energy's (NASDAQ:LNT) Upcoming Dividend Will Be Larger Than Last Year's

Jan 30
Alliant Energy's (NASDAQ:LNT) Upcoming Dividend Will Be Larger Than Last Year's
AWK
US$129.13
American Water Works Company
7D
-1.2%
1Y
2.7%
NEE
US$87.90
NextEra Energy
7D
2.8%
1Y
23.7%
NRG
US$152.63
NRG Energy
7D
1.8%
1Y
48.6%
PEG
US$82.36
Public Service Enterprise Group
7D
4.2%
1Y
-1.3%

PEG: Storage Alignment And Regulatory Execution Will Drive Future Upside

Analysts have trimmed their average price target for Public Service Enterprise Group by about $0.65 to roughly $88.85. The change reflects updated assumptions around fair value, discount rates, revenue growth, profit margins and future P/E multiples following a mix of recent upgrades, downgrades and target changes across the Street.
AEP
US$119.78
American Electric Power Company
7D
1.5%
1Y
20.5%

AEP: Data Center Demand And Grid Plan Will Test Premium Valuation

Analysts have slightly raised their price targets on American Electric Power Company by a few dollars, citing updated assumptions around revenue growth, profit margins, and future P/E multiples. They generally view the shares as fairly valued, with execution and regulatory progress identified as key drivers.
ATO
US$166.34
Atmos Energy
7D
-1.3%
1Y
16.0%

ATO: Future Dividend Increases Will Balance Governance Changes And Share Authorization

Analysts have raised their Atmos Energy price target to US$177.55 from US$175.73, reflecting updated assumptions around revenue growth, profit margins and future P/E that slightly adjust their view of the company’s long term earnings power. What's in the News Atmos Energy plans to ask shareholders at its February 4, 2026 AGM to approve an increase in the number of authorized common shares, which could give the company more flexibility for future equity issuance or corporate actions (Key Developments).
CEG
US$280.68
Constellation Energy
7D
-1.6%
1Y
-8.4%
DUK
US$121.35
Duke Energy
7D
2.2%
1Y
7.2%

DUK: Regulatory Progress And Battery Projects Will Support Future Upside

Narrative Update The updated analyst price target for Duke Energy edges slightly lower to about $135 per share, reflecting analysts' mixed revisions across recent research. Some emphasize improved regulatory footing and balance sheet progress, while others temper expectations using modestly lower P/E assumptions and profitability estimates.
OKLO
US$79.62
Oklo
7D
-3.3%
1Y
73.4%