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U.S. Utilities Sector Analysis

UpdatedNov 20, 2025
DataAggregated Company Financials
Companies119
  • 7D-1.0%
  • 3M2.8%
  • 1Y8.6%
  • YTD16.2%

Over the last 7 days, the Utilities industry has dropped 1.0%, driven by Eversource Energy declining 14%. This takes the industry's 12 month performance to a gain of 8.6%. As for the next few years, earnings are expected to grow by 12% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 21 Nov 2025US$1.6tUS$558.1bUS$68.5b20.2x23.1x2.8x
Sun, 19 Oct 2025US$1.6tUS$549.9bUS$63.6b21.4x25.7x3x
Tue, 16 Sep 2025US$1.5tUS$549.2bUS$63.7b20.4x23.7x2.7x
Thu, 14 Aug 2025US$1.5tUS$549.0bUS$63.6b20.8x24x2.8x
Sat, 12 Jul 2025US$1.4tUS$540.7bUS$63.8b20.8x22.6x2.7x
Mon, 09 Jun 2025US$1.4tUS$540.1bUS$64.0b20.7x22.2x2.6x
Wed, 07 May 2025US$1.4tUS$536.6bUS$64.0b21x21.9x2.6x
Fri, 04 Apr 2025US$1.4tUS$526.8bUS$63.6b21.1x22x2.7x
Sun, 02 Mar 2025US$1.4tUS$527.4bUS$63.2b20.2x21.8x2.6x
Tue, 28 Jan 2025US$1.4tUS$526.6bUS$58.6b20.1x23.6x2.6x
Thu, 26 Dec 2024US$1.3tUS$523.4bUS$60.0b20.1x22.1x2.5x
Sat, 23 Nov 2024US$1.4tUS$533.4bUS$62.0b21.1x23.1x2.7x
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
Price to Earnings Ratio

24.4x


Total Market Cap: US$1.2tTotal Earnings: US$50.1bTotal Revenue: US$531.3bTotal 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 2.4x 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-3.20%
Utilities-1.05%
Renewable Energy0.85%
Other Utilities-0.95%
Gas Utilities-1.08%
Electric Utilities-1.23%
Water Utilities-3.02%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry even though it's trading below its 3-year average PE ratio of 264x.
    • Analysts are expecting annual earnings growth of 27.3%, which is higher than its past year's earnings decline of 3.5% per year.
  • Investors are most pessimistic about the Water Utilities industry, which is trading below its 3-year average of 25.8x.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 27% 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 8.6% 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
D Dominion EnergyUS$61.471.5%
+US$777.1m		5.7%PE20.1x
UGI UGIUS$37.618.0%
+US$595.3m		32.0%PE19.3x
FE FirstEnergyUS$46.892.1%
+US$548.8m		12.2%PE20.4x
SRE SempraUS$92.500.5%
+US$326.3m		-1.9%PE28.6x
LNT Alliant EnergyUS$68.271.4%
+US$241.6m		7.8%PE21.5x

Latest News

SRE
US$92.50
Sempra
7D
0.5%
1Y
-1.9%
UGI
US$37.61
UGI
7D
8.0%
1Y
32.0%
NJR
US$48.83
New Jersey Resources
7D
4.7%
1Y
-4.3%
PEG
US$81.27
Public Service Enterprise Group
7D
-1.9%
1Y
-12.0%
TLN
US$365.96
Talen Energy
7D
1.4%
1Y
70.8%

TLN: Increasing Demand For Data Center Power Will Drive Long-Term Cash Flow Expansion

Talen Energy's analyst fair value estimate has been revised upward from $445.35 to $448.97. This change reflects analysts' increased confidence in the company's data center pipeline opportunities and robust cash flow outlook.
SO
US$89.27
Southern
7D
-1.6%
1Y
1.9%

SO: Composite Units Offering Is Expected To Drive Shareholder Value Forward

Narrative Update on Southern Analysts have modestly revised their price target for Southern, lowering it by $1.12 per share. This change reflects updated assessments of discount rates, revenue growth, and margin projections.
NEE
US$83.48
NextEra Energy
7D
-0.5%
1Y
9.8%
VST
US$168.59
Vistra
7D
-3.5%
1Y
4.1%

VST: Accelerating Power Demand From Data Centers Will Drive Next Phase

Vistra's analyst price target has been raised slightly to approximately $228. Analysts cite robust earnings prospects supported by surging power demand, higher expected growth rates, and industry tailwinds from evolving utility and data center markets.
NRG
US$159.20
NRG Energy
7D
-3.6%
1Y
66.7%
ES
US$64.55
Eversource Energy
7D
-11.9%
1Y
1.8%

ES: Recurring Earnings Guidance And Estimates Signal Steady Performance Ahead

Analysts have raised their price target for Eversource Energy by $1 to $75.60, citing improved revenue growth expectations and a modest uptick in projected fair value. What's in the News Eversource Energy reaffirmed earnings guidance for the year ending December 31, 2025, and is maintaining an expected compound annual EPS growth rate of 5% to 7% from a 2024 base of $4.57 per share (Key Developments).
PCG
US$15.67
PG&E
7D
-5.0%
1Y
-26.7%

PCG: Future Power Demand From Data Centers Will Drive New Transmission Investments

PG&E’s average analyst price target has increased notably in recent weeks. Updated forecasts now range between $20 and $25 per share as analysts cite improving growth prospects, demand tailwinds from data centers, and constructive regulatory developments.
D
US$61.47
Dominion Energy
7D
1.5%
1Y
5.7%

D: Earnings Guidance And Margins Will Help Support Fair Value Outlook

Dominion Energy's analyst price target has been revised upward by approximately $0.53 to $64.13, as analysts cite improved expected profit margins while slightly lower revenue growth projections are anticipated. What's in the News Dominion Energy completed the repurchase of 2,476,657 shares for $191.75 million under its share buyback program announced in November 2020 (Key Developments).
LNT
US$68.27
Alliant Energy
7D
1.4%
1Y
7.8%

LNT: Future Dividend Plans And Earnings Guidance Will Drive Stable Outlook

Alliant Energy's analyst price target has been revised slightly upward to $71.50 from $70.90. This change reflects analysts' expectations for stronger profit margins, even though there has been a modest reduction in projected revenue growth.
FE
US$46.89
FirstEnergy
7D
2.1%
1Y
12.2%

FE: Core Earnings Outlook Will Strengthen as Reliability Projects Move Forward

Analysts have raised their price target for FirstEnergy from $48.45 to $50.00, citing improved profit margin expectations as well as slight adjustments to revenue growth and future earnings multiples. What's in the News FirstEnergy has revised its 2025 Core Earnings guidance upward to $2.50 to $2.56 per share, narrowing its original range and reflecting a strong financial outlook.
AWK
US$132.74
American Water Works Company
7D
0.9%
1Y
-3.3%
OKLO
US$88.17
Oklo
7D
-9.6%
1Y
249.9%