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U.S. Utilities Sector Analysis

UpdatedNov 22, 2024
DataAggregated Company Financials
Companies119
  • 7D4.5%
  • 3M8.0%
  • 1Y30.8%
  • YTD25.5%

Over the last 7 days, the Utilities industry has risen 4.5%, driven by gains in Vistra and Constellation Energy of 20% and 12%, respectively. Meanwhile, AES actually underperformed within the industry, shrinking 5.4% in the last week. In the last 12 months, the industry was up 31%. Looking forward, earnings are forecast to grow by 10% annually.

Sector Valuation and Performance

Has the U.S. Utilities Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 23 Nov 2024US$1.4tUS$533.4bUS$62.0b20.9x22.7x2.6x
Mon, 21 Oct 2024US$1.4tUS$522.9bUS$60.5b20.1x23.5x2.7x
Wed, 18 Sep 2024US$1.4tUS$522.9bUS$60.5b20.1x22.7x2.6x
Fri, 16 Aug 2024US$1.3tUS$522.9bUS$60.6b19.4x21.3x2.5x
Sun, 14 Jul 2024US$1.2tUS$517.6bUS$60.4b18.9x20.6x2.4x
Tue, 11 Jun 2024US$1.2tUS$518.0bUS$60.4b17.9x20.3x2.4x
Thu, 09 May 2024US$1.2tUS$520.0bUS$59.3b18.8x20.5x2.3x
Sat, 06 Apr 2024US$1.2tUS$561.5bUS$56.9b18.4x20.6x2.1x
Mon, 04 Mar 2024US$1.1tUS$528.5bUS$57.9b17.4x18.6x2x
Wed, 31 Jan 2024US$1.1tUS$544.0bUS$53.2b18.3x20.4x2x
Fri, 29 Dec 2023US$1.1tUS$543.9bUS$53.5b19.4x20.8x2x
Sun, 26 Nov 2023US$1.1tUS$543.9bUS$53.5b18.8x20.3x2x
Tue, 24 Oct 2023US$1.0tUS$549.7bUS$50.8b18.5x19.7x1.8x
Thu, 21 Sep 2023US$1.1tUS$549.8bUS$50.8b20.2x21.9x2x
Sat, 19 Aug 2023US$1.1tUS$549.3bUS$49.6b20.1x22.1x2x
Mon, 17 Jul 2023US$1.2tUS$551.7bUS$45.7b20.8x25.4x2.1x
Wed, 14 Jun 2023US$1.2tUS$551.3bUS$46.4b20.5x24.8x2.1x
Fri, 12 May 2023US$1.2tUS$549.1bUS$46.6b21.1x25.4x2.2x
Sun, 09 Apr 2023US$1.2tUS$532.0bUS$45.0b21.7x26.9x2.3x
Tue, 07 Mar 2023US$1.1tUS$532.0bUS$45.0b20.3x25.5x2.2x
Thu, 02 Feb 2023US$1.2tUS$533.3bUS$50.5b21.7x23.7x2.2x
Sat, 31 Dec 2022US$1.2tUS$531.4bUS$50.1b21x24.5x2.3x
Mon, 28 Nov 2022US$1.2tUS$531.3bUS$50.1b21.6x24.4x2.3x
Wed, 26 Oct 2022US$1.1tUS$505.2bUS$45.1b19.8x24.9x2.2x
Fri, 23 Sep 2022US$1.3tUS$505.2bUS$45.1b21.7x28.8x2.6x
Sun, 21 Aug 2022US$1.3tUS$505.3bUS$45.1b23.6x29.5x2.6x
Tue, 19 Jul 2022US$1.2tUS$484.2bUS$43.7b22.8x27.4x2.5x
Thu, 16 Jun 2022US$1.1tUS$484.4bUS$43.7b21.4x26.3x2.4x
Sat, 14 May 2022US$1.2tUS$484.2bUS$43.6b23.8x28x2.5x
Mon, 11 Apr 2022US$1.3tUS$472.6bUS$40.6b25.5x32.4x2.8x
Wed, 09 Mar 2022US$1.2tUS$479.9bUS$41.5b23.2x29.9x2.6x
Fri, 04 Feb 2022US$1.2tUS$463.9bUS$40.0b23.6x30x2.6x
Sun, 02 Jan 2022US$1.3tUS$443.5bUS$39.4b23.4x31.9x2.8x
Tue, 30 Nov 2021US$1.2tUS$443.3bUS$39.3b22.4x30x2.7x
Price to Earnings Ratio

30x


Total Market Cap: US$1.2tTotal Earnings: US$39.3bTotal Revenue: US$443.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Utilities Sector Price to Earnings3Y Average 24.4x202220232024
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 24.4x.
  • The 3-year average PS ratio of 2.3x is lower than the industry's current PS ratio of 2.6x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 16% per year over the last three years.
  • Revenues for these companies have grown 6.4% 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 Market0.30%
Utilities4.51%
Renewable Energy11.56%
Gas Utilities4.69%
Other Utilities4.42%
Electric Utilities3.86%
Water Utilities3.81%
Industry PE
  • Investors are most optimistic about the Gas Utilities industry, which is trading close to its 3-year average PE ratio of 26.2x.
    • Analysts are expecting annual earnings growth of 9.8%, which is higher than its past year's earnings decline of 4.7% per year.
  • Investors are most pessimistic about the Other Utilities industry, which is trading below its 3-year average of 24.3x.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 13% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Water Utilities industry is expected to see its earnings grow by 7.0% 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$249.8911.4%
+US$8.0b		101.8%PE27.3x
VST VistraUS$161.9213.9%
+US$6.7b		364.5%PE29.7x
DUK Duke EnergyUS$114.702.3%
+US$2.0b		26.4%PE20.5x
PEG Public Service Enterprise GroupUS$92.403.8%
+US$1.7b		42.0%PE22.7x
SRE SempraUS$94.272.3%
+US$1.3b		28.0%PE20.7x
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Latest News

VST

US$161.92

Vistra

7D

13.9%

1Y

364.5%

Vistra: Too Much Hype Priced In

Nov 22

PEG

US$92.40

Public Service Enterprise Group

7D

3.8%

1Y

42.0%

Public Service Enterprise Group (NYSE:PEG) Is Due To Pay A Dividend Of $0.60

Nov 22
Public Service Enterprise Group (NYSE:PEG) Is Due To Pay A Dividend Of $0.60

MGEE

US$104.14

MGE Energy

7D

-0.7%

1Y

40.0%

SRE

US$94.27

Sempra

7D

2.3%

1Y

28.0%

AWR

US$85.03

American States Water

7D

-0.02%

1Y

5.4%

American States Water Delivers 70 Consecutive Years Of Dividend Increases

Nov 21

DUK

US$114.70

Duke Energy

7D

2.3%

1Y

26.4%

Returns On Capital At Duke Energy (NYSE:DUK) Have Hit The Brakes

Nov 18
Returns On Capital At Duke Energy (NYSE:DUK) Have Hit The Brakes

OKLO

US$25.20

Oklo

7D

40.0%

1Y

143.7%

EIX

US$86.48

Edison International

7D

3.3%

1Y

31.3%

Investors Appear Satisfied With Edison International's (NYSE:EIX) Prospects

Nov 15
Investors Appear Satisfied With Edison International's (NYSE:EIX) Prospects

NEE

US$76.00

NextEra Energy

7D

-0.5%

1Y

32.1%

CEG

US$249.89

Constellation Energy

7D

11.4%

1Y

101.8%

Constellation Energy: Don't Fear The Change In Government (Rating Downgrade)

Nov 12

MSEX

US$66.50

Middlesex Water

7D

-0.7%

1Y

1.5%

SO

US$87.60

Southern

7D

-0.4%

1Y

25.8%

AES

US$13.04

AES

7D

-6.7%

1Y

-23.0%

XEL

US$71.35

Xcel Energy

7D

2.7%

1Y

17.9%

EXC

US$38.71

Exelon

7D

-1.0%

1Y

-1.2%

ALCE

US$1.36

Alternus Clean Energy

7D

-22.3%

1Y

-99.5%