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U.S. Utilities Sector Analysis

UpdatedSep 16, 2025
DataAggregated Company Financials
Companies120
  • 7D3.5%
  • 3M6.7%
  • 1Y8.8%
  • YTD12.2%

In the last week, the Utilities industry is up 3.5%, with Constellation Energy leading the way, up 11%. This takes the industry's 12 month performance to a gain of 8.8%. 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
Wed, 17 Sep 2025US$1.5tUS$549.9bUS$63.6b20.2x23.8x2.7x
Fri, 15 Aug 2025US$1.5tUS$549.2bUS$63.6b20.7x24x2.8x
Sun, 13 Jul 2025US$1.4tUS$540.7bUS$63.8b20.8x22.7x2.7x
Tue, 10 Jun 2025US$1.4tUS$540.1bUS$64.0b20.5x22.2x2.6x
Thu, 08 May 2025US$1.4tUS$537.8bUS$63.9b21.2x22.1x2.6x
Sat, 05 Apr 2025US$1.4tUS$526.8bUS$63.6b19.9x21.8x2.6x
Mon, 03 Mar 2025US$1.4tUS$527.4bUS$63.2b20.2x21.8x2.6x
Wed, 29 Jan 2025US$1.4tUS$526.7bUS$58.7b20x23x2.6x
Fri, 27 Dec 2024US$1.3tUS$523.4bUS$60.0b20.1x22.1x2.5x
Sun, 24 Nov 2024US$1.4tUS$533.3bUS$61.6b21.5x23.1x2.7x
Tue, 22 Oct 2024US$1.4tUS$522.9bUS$60.5b19.9x23.6x2.7x
Thu, 19 Sep 2024US$1.4tUS$522.9bUS$60.5b20x22.6x2.6x
Sat, 17 Aug 2024US$1.3tUS$522.9bUS$60.6b19.4x21.4x2.5x
Mon, 15 Jul 2024US$1.2tUS$517.6bUS$60.4b18.9x20.6x2.4x
Wed, 12 Jun 2024US$1.2tUS$518.0bUS$60.4b18x20.3x2.4x
Fri, 10 May 2024US$1.2tUS$518.6bUS$60.2b18.8x20.4x2.4x
Sun, 07 Apr 2024US$1.2tUS$561.5bUS$56.9b18.4x20.7x2.1x
Tue, 05 Mar 2024US$1.1tUS$528.4bUS$57.9b17.7x18.9x2.1x
Thu, 01 Feb 2024US$1.1tUS$544.0bUS$53.2b18.2x20.4x2x
Sat, 30 Dec 2023US$1.1tUS$543.9bUS$53.5b19.4x20.9x2.1x
Mon, 27 Nov 2023US$1.1tUS$543.9bUS$53.5b18.8x20.3x2x
Wed, 25 Oct 2023US$1.0tUS$549.7bUS$50.8b18.5x19.7x1.8x
Fri, 22 Sep 2023US$1.1tUS$549.8bUS$50.8b19.8x21.7x2x
Sun, 20 Aug 2023US$1.1tUS$549.3bUS$49.6b20.1x22.2x2x
Tue, 18 Jul 2023US$1.2tUS$551.7bUS$45.7b20.9x25.4x2.1x
Thu, 15 Jun 2023US$1.1tUS$551.3bUS$46.4b20.4x24.7x2.1x
Sat, 13 May 2023US$1.2tUS$549.0bUS$46.6b21.1x25.6x2.2x
Mon, 10 Apr 2023US$1.2tUS$531.9bUS$45.0b21.7x26.9x2.3x
Wed, 08 Mar 2023US$1.1tUS$532.0bUS$45.0b19.9x25.2x2.1x
Fri, 03 Feb 2023US$1.2tUS$533.5bUS$50.6b21.7x23.8x2.3x
Sun, 01 Jan 2023US$1.2tUS$531.4bUS$50.1b21x24.5x2.3x
Tue, 29 Nov 2022US$1.2tUS$531.3bUS$50.1b21.4x24.1x2.3x
Thu, 27 Oct 2022US$1.1tUS$505.9bUS$45.0b19.7x25x2.2x
Sat, 24 Sep 2022US$1.2tUS$505.2bUS$45.1b21.5x27.3x2.4x
Price to Earnings Ratio

27.3x


Total Market Cap: US$1.2tTotal Earnings: US$45.1bTotal Revenue: US$505.2bTotal 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 2.3x is lower than the industry's current PS ratio of 2.7x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 12% per year over the last three years.
  • Revenues for these companies have grown 2.8% 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 Market1.88%
Utilities3.51%
Renewable Energy8.78%
Electric Utilities3.70%
Other Utilities2.53%
Gas Utilities1.25%
Water Utilities-1.57%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry even though it's trading below its 3-year average PE ratio of 282x.
    • Analysts are expecting annual earnings growth of 23.3%, which is higher than its past year's earnings decline of 0.5% per year.
  • Investors are most pessimistic about the Other Utilities industry, which is trading close to its 3-year average of 20.9x.
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 decline of 0.5% per year.
  • In contrast, the Water Utilities industry is expected to see its earnings grow by 8.2% 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$322.917.3%
+US$6.9b		60.5%PE33.5x
VST VistraUS$209.438.1%
+US$5.3b		129.8%PE32.3x
OKLO OkloUS$95.8329.6%
+US$3.2b		1,421.1%PB20.3x
NRG NRG EnergyUS$164.227.9%
+US$2.3b		101.9%PE69.8x
SRE SempraUS$82.703.0%
+US$1.6b		-1.5%PE20.2x

Latest News

TLN
US$409.60
Talen Energy
7D
5.2%
1Y
146.9%
VST
US$209.43
Vistra
7D
8.1%
1Y
129.8%
NI
US$39.37
NiSource
7D
-2.8%
1Y
15.2%
WTRG
US$37.30
Essential Utilities
7D
-2.6%
1Y
-5.0%
CEG
US$322.91
Constellation Energy
7D
7.3%
1Y
60.5%

Bipartisan Support And Nuclear Restarts Will Unlock Markets

Constellation Energy’s consensus price target was raised from $333.84 to $346.19 as analysts see the company well-positioned to benefit from rising AI-driven power demand, strong earnings growth, and accretive acquisitions. Analyst Commentary Analysts highlight that AI-driven demand is transforming the "Energy & Power" sector, positioning Constellation Energy as a key beneficiary of this emergent "Power revolution".
ETR
US$88.26
Entergy
7D
1.4%
1Y
36.8%

Gulf South Infrastructure And Renewables Will Drive Future Resilience

Analysts have raised Entergy’s price target to $93.13, citing its strong exposure to Gulf Coast industrial growth, rising AI-driven power demand, and robust long-term earnings growth, with the recent share pullback seen as a favorable entry point. Analyst Commentary Bullish analysts cite Entergy's strong positioning to benefit from ongoing industrial growth on the Gulf Coast, as well as rising AI-related power demand.
ED
US$95.57
Consolidated Edison
7D
-1.5%
1Y
-8.6%

Consolidated Edison (NYSE:ED) Has A Somewhat Strained Balance Sheet

Sep 04
Consolidated Edison (NYSE:ED) Has A Somewhat Strained Balance Sheet
PEG
US$81.22
Public Service Enterprise Group
7D
1.5%
1Y
-4.1%

Data Center Demand And New Jersey Infrastructure Will Unlock Value

Analysts maintained their consensus price target for Public Service Enterprise Group at $90.61, balancing optimism about the company’s long-term nuclear and renewables prospects with concerns over brief utility underperformance and ongoing regulatory negotiations. Analyst Commentary Bullish analysts highlighted PSEG’s long-term nuclear portfolio advantages as underappreciated by the market, contributing to upward target revisions.
SRE
US$82.70
Sempra
7D
3.0%
1Y
-1.5%

Texas Demand And LNG Projects Will Expand Infrastructure

With both net profit margin and revenue growth forecasts holding steady, Sempra's consensus analyst price target remained unchanged at $83.92. What's in the News Sempra updated 2025 GAAP EPS guidance to $4.05–$4.45.
AEP
US$106.84
American Electric Power Company
7D
-1.4%
1Y
2.5%

Here's Why American Electric Power Company (NASDAQ:AEP) Has A Meaningful Debt Burden

Sep 03
Here's Why American Electric Power Company (NASDAQ:AEP) Has A Meaningful Debt Burden
AWK
US$136.25
American Water Works Company
7D
-2.7%
1Y
-9.1%
CMS
US$69.96
CMS Energy
7D
-1.3%
1Y
-0.4%

Investors Met With Slowing Returns on Capital At CMS Energy (NYSE:CMS)

Aug 24
Investors Met With Slowing Returns on Capital At CMS Energy (NYSE:CMS)
NEE
US$69.83
NextEra Energy
7D
-0.3%
1Y
-17.8%
OKLO
US$95.83
Oklo
7D
29.6%
1Y
1,421.1%
NRG
US$164.22
NRG Energy
7D
7.9%
1Y
101.9%
EXC
US$42.73
Exelon
7D
-0.8%
1Y
6.3%