Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Utilities Sector Analysis

UpdatedJul 14, 2026
DataAggregated Company Financials
Companies117
  • 7D0.9%
  • 3M-1.9%
  • 1Y10.1%
  • YTD4.5%

Last week, the Utilities industry hasn't moved much but Constellation Energy is up 4.8% in that time. As for the the longer term, the industry is up 9.5% over the past 12 months. 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
Tue, 14 Jul 2026US$1.6tUS$587.1bUS$69.0b22.2x23.9x2.8x
Thu, 11 Jun 2026US$1.6tUS$587.1bUS$69.1b21.2x23.1x2.7x
Sat, 09 May 2026US$1.6tUS$582.7bUS$67.8b21.3x24.2x2.8x
Mon, 06 Apr 2026US$1.7tUS$568.0bUS$67.5b21.8x24.8x2.9x
Wed, 04 Mar 2026US$1.7tUS$567.9bUS$67.3b22.3x25.3x3x
Fri, 30 Jan 2026US$1.6tUS$558.5bUS$69.1b20.5x22.6x2.8x
Sun, 28 Dec 2025US$1.5tUS$556.5bUS$68.5b19.4x22.2x2.7x
Tue, 25 Nov 2025US$1.6tUS$558.0bUS$68.7b20.4x22.8x2.8x
Thu, 23 Oct 2025US$1.6tUS$549.9bUS$63.6b21.8x25.4x2.9x
Sat, 20 Sep 2025US$1.5tUS$549.9bUS$63.6b20.3x23.6x2.7x
Mon, 18 Aug 2025US$1.5tUS$549.2bUS$63.7b20.5x23.7x2.7x
Wed, 16 Jul 2025US$1.5tUS$540.7bUS$63.8b20.8x22.9x2.7x
Fri, 13 Jun 2025US$1.4tUS$540.1bUS$64.0b20.8x22.2x2.6x
Sun, 11 May 2025US$1.4tUS$538.9bUS$63.6b20.7x22.2x2.6x
Tue, 08 Apr 2025US$1.3tUS$526.8bUS$63.6b19.6x20.6x2.5x
Thu, 06 Mar 2025US$1.4tUS$526.8bUS$63.1b19.9x21.6x2.6x
Sat, 01 Feb 2025US$1.4tUS$527.0bUS$60.4b20x22.6x2.6x
Mon, 30 Dec 2024US$1.3tUS$523.4bUS$60.0b20x22x2.5x
Wed, 27 Nov 2024US$1.4tUS$533.3bUS$61.2b21.4x23.3x2.7x
Fri, 25 Oct 2024US$1.4tUS$523.4bUS$61.4b19.8x23.2x2.7x
Sun, 22 Sep 2024US$1.4tUS$522.9bUS$60.5b20x22.9x2.7x
Tue, 20 Aug 2024US$1.3tUS$522.9bUS$60.6b19.4x21.5x2.5x
Thu, 18 Jul 2024US$1.2tUS$517.6bUS$60.4b19.2x20.4x2.4x
Sat, 15 Jun 2024US$1.2tUS$518.0bUS$60.4b18x20.1x2.3x
Mon, 13 May 2024US$1.2tUS$518.4bUS$60.2b18.7x20.7x2.4x
Wed, 10 Apr 2024US$1.2tUS$528.1bUS$57.4b18.7x20.1x2.2x
Fri, 08 Mar 2024US$1.1tUS$526.3bUS$57.9b17.9x19.2x2.1x
Sun, 04 Feb 2024US$1.1tUS$544.3bUS$53.5b18.6x20.2x2x
Tue, 02 Jan 2024US$1.1tUS$543.9bUS$53.5b19.4x20.9x2.1x
Thu, 30 Nov 2023US$1.1tUS$543.9bUS$53.5b18.7x20.4x2x
Sat, 28 Oct 2023US$1.0tUS$549.9bUS$50.2b18.9x20.3x1.9x
Mon, 25 Sep 2023US$1.1tUS$549.8bUS$50.8b19.7x21.7x2x
Wed, 23 Aug 2023US$1.1tUS$549.3bUS$49.6b20.1x22.1x2x
Fri, 21 Jul 2023US$1.2tUS$551.7bUS$45.7b21.3x25.8x2.1x
Price to Earnings Ratio

25.8x


Total Market Cap: US$1.2tTotal Earnings: US$45.7bTotal Revenue: US$551.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Utilities Sector Price to Earnings3Y Average 22.2x202420252026
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 22.2x.
  • The 3-year average PS ratio of 2.5x 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 15% per year over the last three years.
  • Revenues for these companies have grown 2.1% 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 Market-0.93%
Utilities0.87%
Gas Utilities3.96%
Electric Utilities0.95%
Other Utilities0.67%
Water Utilities-0.46%
Renewable Energy-0.59%
Industry PE
  • Investors are most optimistic about the Water Utilities industry, which is trading close to its 3-year average PE ratio of 24.1x.
    • Analysts are expecting annual earnings growth of 10.0%, which is higher than its past year's earnings growth of 6.3% per year.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 26% over the next 5 years.
  • This is better than its past earnings decline of 8.3% per year.
  • In contrast, the Gas Utilities industry is expected to see its earnings grow by 9.8% 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$257.574.8%
+US$4.2b		-21.0%PE24.3x
NEE NextEra EnergyUS$88.381.1%
+US$2.0b		17.8%PE22.5x
D Dominion EnergyUS$70.802.2%
+US$1.4b		23.8%PE21.3x
PCG PG&EUS$17.373.3%
+US$1.2b		29.7%PE13.5x
SRE SempraUS$94.411.6%
+US$954.4m		26.6%PE32x

Latest News

NEE
US$88.38
NextEra Energy
7D
1.1%
1Y
17.8%
Seeking Alpha • Jul 11

NextEra Energy: Merger With Dominion Energy Introduces Risks

Summary NextEra Energy proposes an all-stock merger with Dominion Energy, aiming to create a $250B utility leader amid surging AI-driven electricity demand. NEE expects the scale from the merger to accelerate project delivery and efficiency, especially in data center-heavy regions like Virginia. The deal's takeover premium and regulatory concessions set a high bar for synergy realization amid integration risks. NEE's historical outperformance is rooted in Florida Power & Light's favorable regulatory environment; the merger could dilute this competitive edge. Read the full article on Seeking Alpha
DUK
US$126.86
Duke Energy
7D
0.7%
1Y
7.6%
FRVO
US$25.86
Fervo Energy
7D
-7.2%
1Y
n/a
TLN
US$396.35
Talen Energy
7D
4.9%
1Y
40.6%
Seeking Alpha • Jul 11

Talen Energy: A Good Bet On Direct Data Centers Energy

Summary Talen Energy is rated Buy, driven by transformative contracts, accretive acquisitions, and a robust free cash flow growth outlook. TLN's 17-year, $1.4B annual PPA with Amazon anchors long-term cash flows, with $8+ after-tax cash flow per share projected by 2030-2032. The recent $3.5B acquisition of gas plants expands TLN's PJM capacity to 13.1GW, is immediately accretive, and is supported by intelligent refinancing. Capacity market exposure is largely locked in at record rates through 2029, while aggressive share buybacks and debt reduction enhance shareholder returns. Read the full article on Seeking Alpha
SRE
US$94.41
Sempra
7D
1.6%
1Y
26.6%
D
US$70.80
Dominion Energy
7D
2.2%
1Y
23.8%
PCG
US$17.37
PG&E
7D
3.3%
1Y
29.7%
AEP
US$135.63
American Electric Power Company
7D
-0.3%
1Y
29.1%
OKLO
US$45.81
Oklo
7D
-11.6%
1Y
-26.6%
Narrative Update • Jul 10

OKLO: Capital Intensive Reactor Build Out Will Delay Earnings And Cash Flows

Oklo's analyst price target has reset higher from about $23.00 to roughly $31.07, as analysts balance the company's vertically integrated SMR model and early commercial agreements with Meta against capital intensity, execution risk, and mixed ratings that range from Neutral stances with trimmed targets to more optimistic views up to $80. Analyst Commentary on Oklo Recent Street research on Oklo highlights a mix of optimism about its small modular reactor ambitions and caution around capital needs, timelines, and cash generation.
ATO
US$179.50
Atmos Energy
7D
3.3%
1Y
15.5%
AWK
US$131.53
American Water Works Company
7D
-1.2%
1Y
-8.2%
NRG
US$139.48
NRG Energy
7D
-1.1%
1Y
-7.7%
Narrative Update • Jul 07

NRG: Future Retail Cash Flows From LS Power Assets Will Matter

The analyst price target for NRG Energy has been revised to $198.06 from $202.12 as analysts factor in a slightly higher discount rate, more measured revenue growth assumptions, and a modestly lower future P/E multiple, while still highlighting the scale and earnings stability of the retail business as a key support for valuation. Analyst Commentary Recent Street research on NRG Energy highlights both optimism and caution, with analysts weighing the value of its large retail platform against changing assumptions on discount rates, growth, and P/E multiples.
CEG
US$257.57
Constellation Energy
7D
4.8%
1Y
-21.0%
BEPC
US$34.18
Brookfield Renewable
7D
-6.7%
1Y
2.6%
Seeking Alpha • Jul 04

Brookfield Renewable Corporation: The Simplification Catalyst May Favor Brookfield Renewable Partners

Summary Brookfield Renewable Corporation is evaluating a merger with Brookfield Renewable Partners to create a single publicly traded entity. BEPC trades at a 7.7% premium to BEP despite identical economic exposure, payments, and platform access, largely due to structural advantages. I rate BEPC a Hold, preferring BEP until the merger terms clarify whether BEPC's premium will be preserved or eliminated. Brookfield Renewable's operational outlook is strong, with robust liquidity, a large development pipeline, and the pending Boralex acquisition supporting long-term growth. Read the full article on Seeking Alpha
ORA
US$106.81
Ormat Technologies
7D
-5.7%
1Y
22.0%
WEC
US$115.87
WEC Energy Group
7D
-0.7%
1Y
9.5%
Seeking Alpha • Jul 01

WEC Energy Group: Data Centers Make This Utility Growth Story More Attractive

Summary WEC Energy Group (WEC) is rated a buy, driven by a visible earnings growth runway fueled by surging data-center demand. WEC's $37.5 billion regulated capital plan through 2030 supports management's 7%–8% long-term EPS growth target and robust dividend growth. The Very Large Customer tariff structure mitigates risk by shifting project-specific exposure to hyperscale customers, supporting regulatory approval and earnings visibility. Key risks include regulatory outcomes, tariff terms, and financing execution, but the data-center opportunity and capital plan underpin substantial upside potential. Read the full article on Seeking Alpha