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U.S. Utilities Sector Analysis

UpdatedApr 25, 2026
DataAggregated Company Financials
Companies110
  • 7D0.1%
  • 3M7.7%
  • 1Y18.8%
  • YTD6.4%

The Utilities is pretty flat in the last 7 days, but NextEra Energy has stood out, gaining 3.6%. The past year has been better, since the industry has gained 19% in that time. 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
Sat, 25 Apr 2026US$1.7tUS$569.3bUS$69.1b21.8x24.3x2.9x
Mon, 23 Mar 2026US$1.6tUS$567.9bUS$67.5b20.7x23.7x2.8x
Wed, 18 Feb 2026US$1.7tUS$563.7bUS$68.1b21.5x24.5x3x
Fri, 16 Jan 2026US$1.6tUS$556.5bUS$68.6b20.4x22.8x2.8x
Sun, 14 Dec 2025US$1.5tUS$558.0bUS$68.7b19.5x22.2x2.7x
Tue, 11 Nov 2025US$1.6tUS$559.3bUS$68.0b20.1x23.6x2.9x
Thu, 09 Oct 2025US$1.6tUS$549.9bUS$63.6b21.3x25.3x2.9x
Sat, 06 Sep 2025US$1.5tUS$549.2bUS$63.7b20.4x23.2x2.7x
Mon, 04 Aug 2025US$1.5tUS$545.9bUS$63.5b20.8x23.8x2.8x
Wed, 02 Jul 2025US$1.4tUS$540.3bUS$64.0b20.4x22.4x2.7x
Fri, 30 May 2025US$1.4tUS$540.1bUS$64.0b20.7x22.1x2.6x
Sun, 27 Apr 2025US$1.4tUS$528.6bUS$62.1b20.9x22.2x2.6x
Tue, 25 Mar 2025US$1.4tUS$526.8bUS$63.1b20.8x21.8x2.6x
Thu, 20 Feb 2025US$1.4tUS$525.1bUS$62.8b20.8x21.9x2.6x
Sat, 18 Jan 2025US$1.4tUS$528.1bUS$58.6b19.9x23.4x2.6x
Mon, 16 Dec 2024US$1.4tUS$532.1bUS$61.1b20.1x22.2x2.5x
Wed, 13 Nov 2024US$1.4tUS$533.4bUS$61.3b20.4x22.7x2.6x
Fri, 11 Oct 2024US$1.4tUS$522.9bUS$60.5b19.2x22.6x2.6x
Sun, 08 Sep 2024US$1.3tUS$522.9bUS$60.5b19.4x21.8x2.5x
Tue, 06 Aug 2024US$1.3tUS$521.9bUS$60.6b19.4x21.4x2.5x
Thu, 04 Jul 2024US$1.2tUS$517.6bUS$60.4b17.9x19.8x2.3x
Sat, 01 Jun 2024US$1.2tUS$518.1bUS$60.4b18.3x20.5x2.4x
Mon, 29 Apr 2024US$1.2tUS$525.9bUS$57.8b18.5x20x2.2x
Wed, 27 Mar 2024US$1.1tUS$528.0bUS$57.4b18.1x19.6x2.1x
Fri, 23 Feb 2024US$1.1tUS$536.6bUS$54.3b17.5x20x2x
Sun, 21 Jan 2024US$1.1tUS$543.9bUS$53.5b18.1x20.1x2x
Tue, 19 Dec 2023US$1.1tUS$543.9bUS$53.5b19x20.9x2.1x
Thu, 16 Nov 2023US$1.1tUS$545.0bUS$53.4b18.8x20.2x2x
Sat, 14 Oct 2023US$1.0tUS$554.7bUS$51.7b19x20.3x1.9x
Mon, 11 Sep 2023US$1.1tUS$549.8bUS$50.8b19.9x21.5x2x
Wed, 09 Aug 2023US$1.1tUS$547.7bUS$47.7b21x23.5x2x
Fri, 07 Jul 2023US$1.1tUS$551.7bUS$45.7b20.5x25.1x2.1x
Sun, 04 Jun 2023US$1.1tUS$549.2bUS$46.5b20x24.3x2.1x
Tue, 02 May 2023US$1.2tUS$536.1bUS$46.9b21.7x25.5x2.2x
Price to Earnings Ratio

25.5x


Total Market Cap: US$1.2tTotal Earnings: US$46.9bTotal Revenue: US$536.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Utilities Sector Price to Earnings3Y Average 22.3x202420252026
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 22.3x.
  • The 3-year average PS ratio of 2.5x 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 2.0% 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 Market0.35%
Utilities0.10%
Water Utilities1.31%
Electric Utilities0.48%
Renewable Energy0.044%
Gas Utilities-0.37%
Other Utilities-0.87%
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 11.2%, which is higher than its past year's earnings growth of 7.2% 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 9.3% 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$95.283.6%
+US$6.9b		44.2%PE24.3x
CEG Constellation EnergyUS$313.535.8%
+US$6.3b		40.6%PE49x
OKLO OkloUS$71.006.3%
+US$727.3m		199.1%PB8.3x
AEP American Electric Power CompanyUS$134.730.8%
+US$580.3m		26.2%PE20.4x
VST VistraUS$164.350.5%
+US$301.3m		29.8%PE74x

Latest News

EIX
US$68.86
Edison International
7D
-2.7%
1Y
18.8%
PCG
US$16.61
PG&E
7D
-3.8%
1Y
-3.1%
NEE
US$95.28
NextEra Energy
7D
3.6%
1Y
44.2%
ETR
US$113.64
Entergy
7D
-1.6%
1Y
34.3%
WTRG
US$39.52
Essential Utilities
7D
1.3%
1Y
-1.5%

WTRG: Updated Fair Value And P/E Assumptions Will Guide Balanced Outlook

Analysts have nudged their price target on Essential Utilities higher from $40.60 to $41.20, reflecting updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E that slightly adjust their overall outlook. Valuation Changes Fair Value: Adjusted slightly from $40.60 to $41.20, indicating a modest upward revision in the estimated share value.
OKLO
US$71.00
Oklo
7D
6.3%
1Y
199.1%

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NRG
US$159.81
NRG Energy
7D
-4.7%
1Y
47.5%
AWK
US$132.42
American Water Works Company
7D
0.6%
1Y
-8.0%

AWK: Governance Changes And Steady Execution Will Support A Neutral Yet Guarded Outlook

Narrative Update Analysts have lifted the blended price target for American Water Works Company by about $1 to roughly $139, citing updated views on long term revenue growth, profit margin resilience, and a modestly higher future P/E outlook informed by recent research from Wells Fargo, Truist, and Barclays. Analyst Commentary Recent research points to a cautiously constructive stance on American Water Works Company, with price target changes and a neutral initiation reflecting a balance between confidence in the business model and awareness of execution and valuation risks.
SO
US$93.49
Southern
7D
-1.1%
1Y
3.4%

SO: Fair View Will Reflect Dam Safety Progress And Dividend Support

Analysts now see Southern’s fair value edging to about $101.87 from roughly $101.24, reflecting updated assumptions for revenue growth, profit margins, the discount rate, and future P/E. These changes slightly adjust the risk and return trade off you may want to watch.
AWR
US$79.41
American States Water
7D
4.6%
1Y
0.9%
XEL
US$79.15
Xcel Energy
7D
-2.4%
1Y
14.7%

XEL: Data Center Load Agreements And Grid Investments Will Shape Future Returns

Analysts have nudged Xcel Energy's price target higher by $2 to $91, reflecting updated assumptions around revenue growth, profit margins and future P/E. Recent Street research highlights refreshed views on utilities, evolving data center demand and shifting affordability and political considerations.
DUK
US$127.27
Duke Energy
7D
-0.6%
1Y
6.2%

DUK: Data Center Load And New Gas Project Will Shape Balanced Outlook

The analyst price target for Duke Energy has shifted higher, rising about $1.50 to $139.82 as analysts factor in updated assumptions for revenue growth, profit margins and future P/E following a series of recent target revisions across the Street. Analyst Commentary Recent research updates on Duke Energy show a mix of higher price targets and at least one rating downgrade.
CEG
US$313.53
Constellation Energy
7D
5.8%
1Y
40.6%

CEG: PJM Reliability Shifts And Contracting Acceleration Will Drive Future Upside

The analyst price target for Constellation Energy has been trimmed by about $15 to reflect updated views on long term earnings visibility and valuation, as analysts weigh slightly lower fair value estimates against revised expectations for revenue growth, profit margins, and future P/E multiples. Analyst Commentary Recent research on Constellation Energy reflects a mix of trimmed and increased price targets, with many firms updating models around long term earnings visibility, contracting timelines, and regulatory developments in key power markets.
VST
US$164.35
Vistra
7D
0.5%
1Y
29.8%

VST: Long Term Nuclear Contracts Will Support PJM Demand And Undervalued Upside

Analysts have updated their view on Vistra with a higher fair value estimate, moving from $293.00 to $318.00. They cite recent mixed but generally supportive price target adjustments and ongoing confidence in the company story across several research firms.
AEP
US$134.73
American Electric Power Company
7D
0.8%
1Y
26.2%

AEP: Data Center Load Backlog And Grid Investments Will Shape Outlook

Analysts have raised their average price target for American Electric Power Company by roughly $4 to about $137. They attribute this change to updated models that factor in higher contracted load, a larger capital program in transmission and supply, and refined earnings assumptions following recent Q4 results.
BEPC
US$41.21
Brookfield Renewable
7D
-3.8%
1Y
46.9%