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

U.S. Utilities Sector Analysis

UpdatedMay 22, 2026
DataAggregated Company Financials
Companies115
  • 7D0.1%
  • 3M-2.8%
  • 1Y13.0%
  • YTD3.5%

Over the last 7 days, the Utilities industry has remained flat, although notably Dominion Energy gained 8.0%. As for the the longer term, the industry is up 10% over the past 12 months. 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, 22 May 2026US$1.6tUS$597.8bUS$70.2b21.3x23.1x2.7x
Sun, 19 Apr 2026US$1.7tUS$568.0bUS$67.5b21.9x24.8x2.9x
Tue, 17 Mar 2026US$1.7tUS$567.9bUS$67.6b21.8x24.9x3x
Thu, 12 Feb 2026US$1.6tUS$560.9bUS$67.7b21x23.6x2.8x
Sat, 10 Jan 2026US$1.5tUS$556.5bUS$68.6b19.5x22.2x2.7x
Mon, 08 Dec 2025US$1.5tUS$558.0bUS$68.7b19.7x22.4x2.8x
Wed, 05 Nov 2025US$1.6tUS$557.1bUS$65.3b21.4x24.4x2.9x
Fri, 03 Oct 2025US$1.6tUS$549.9bUS$63.6b21x24.7x2.9x
Sun, 31 Aug 2025US$1.5tUS$549.2bUS$63.7b20.6x23.4x2.7x
Tue, 29 Jul 2025US$1.5tUS$541.4bUS$64.2b21.2x23.2x2.8x
Thu, 26 Jun 2025US$1.4tUS$540.2bUS$64.0b20.3x22.5x2.7x
Sat, 24 May 2025US$1.4tUS$540.1bUS$64.0b20.8x21.9x2.6x
Mon, 21 Apr 2025US$1.4tUS$526.6bUS$63.6b20.8x21.5x2.6x
Wed, 19 Mar 2025US$1.4tUS$526.8bUS$63.1b20.8x21.9x2.6x
Fri, 14 Feb 2025US$1.4tUS$524.8bUS$62.1b20.3x22.3x2.6x
Sun, 12 Jan 2025US$1.3tUS$503.3bUS$55.8b19.3x23.5x2.6x
Tue, 10 Dec 2024US$1.4tUS$533.3bUS$61.2b20.6x22.8x2.6x
Thu, 07 Nov 2024US$1.4tUS$530.4bUS$63.3b19.8x21.7x2.6x
Sat, 05 Oct 2024US$1.4tUS$522.9bUS$60.5b19.8x23.4x2.7x
Mon, 02 Sep 2024US$1.3tUS$522.9bUS$60.5b19.5x21.9x2.5x
Wed, 31 Jul 2024US$1.3tUS$518.2bUS$59.8b19.6x21x2.4x
Fri, 28 Jun 2024US$1.2tUS$517.6bUS$60.4b18x19.9x2.3x
Sun, 26 May 2024US$1.2tUS$518.1bUS$60.4b18.1x20.6x2.4x
Tue, 23 Apr 2024US$1.1tUS$528.1bUS$57.4b18.7x19.9x2.2x
Thu, 21 Mar 2024US$1.1tUS$528.0bUS$57.4b18.2x19.5x2.1x
Sat, 17 Feb 2024US$1.1tUS$537.3bUS$54.3b18.1x19.8x2x
Mon, 15 Jan 2024US$1.1tUS$543.9bUS$53.5b19x20.8x2x
Wed, 13 Dec 2023US$1.1tUS$543.9bUS$53.5b19.1x20.6x2x
Fri, 10 Nov 2023US$1.1tUS$545.1bUS$53.2b18.3x19.9x1.9x
Sun, 08 Oct 2023US$1.0tUS$554.7bUS$51.7b18.7x19.7x1.8x
Tue, 05 Sep 2023US$1.1tUS$549.7bUS$50.8b19.7x21.4x2x
Thu, 03 Aug 2023US$1.2tUS$550.7bUS$47.5b21x24.3x2.1x
Sat, 01 Jul 2023US$1.1tUS$551.7bUS$45.7b20.3x25x2.1x
Mon, 29 May 2023US$1.1tUS$549.1bUS$46.5b19.9x24.1x2x
Price to Earnings Ratio

24.1x


Total Market Cap: US$1.1tTotal Earnings: US$46.5bTotal Revenue: US$549.1bTotal 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 industry is trading close to its 3-year average PS ratio of 2.5x.
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 2.9% 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-0.82%
Utilities0.15%
Renewable Energy2.72%
Other Utilities1.34%
Gas Utilities-0.41%
Electric Utilities-0.52%
Water Utilities-1.20%
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 12.5%, which is higher than its past year's earnings growth of 10.2% 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 3.3% per year.
  • In contrast, the Gas Utilities industry is expected to see its earnings grow by 9.5% 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$68.298.4%
+US$4.7b		22.7%PE20.5x
CEG Constellation EnergyUS$285.833.8%
+US$3.8b		-1.9%PE27.2x
VST VistraUS$149.085.1%
+US$2.4b		-3.6%PE24.5x
EXC ExelonUS$45.352.1%
+US$972.0m		4.4%PE16.7x
SO SouthernUS$94.240.6%
+US$631.3m		6.1%PE24.3x

Latest News

FE
US$45.50
FirstEnergy
7D
2.2%
1Y
8.4%
Seeking Alpha • 17h

FirstEnergy: A Fairly Valued Utility Waiting On Regulatory Proof

Summary FirstEnergy (FE) is fundamentally stronger, but its valuation lacks a wide margin of safety due to regulatory risks. Q1 results were solid, with core EPS up 7.5% YoY and 2026 guidance reaffirmed, yet FE trades at ~16.5x forward earnings. The $36B five-year capex plan and data center opportunities hinge on regulatory approvals, with heavy $28B debt and potential dilution remaining concerns. I rate FE a Hold, awaiting clearer project timelines and regulatory outcomes before considering an upgrade. Read the full article on Seeking Alpha
D
US$68.29
Dominion Energy
7D
8.4%
1Y
22.7%
NEE
US$89.69
NextEra Energy
7D
-6.3%
1Y
34.0%
AWK
US$123.88
American Water Works Company
7D
-1.7%
1Y
-12.7%
OKLO
US$65.09
Oklo
7D
-3.2%
1Y
63.9%
EXC
US$45.35
Exelon
7D
2.1%
1Y
4.4%
SRE
US$91.55
Sempra
7D
-1.4%
1Y
19.3%
Narrative Update • May 20

SRE: Extended EPS Guidance And Rising Dividend Will Support Future Returns

Analysts have adjusted their Sempra price target to $104.00. The update reflects revised assumptions for revenue growth, profit margin, and a slightly lower future P/E multiple.
VST
US$149.08
Vistra
7D
5.1%
1Y
-3.6%
EIX
US$70.32
Edison International
7D
-0.6%
1Y
25.1%
PCG
US$16.44
PG&E
7D
-2.2%
1Y
-3.4%
CEG
US$285.83
Constellation Energy
7D
3.8%
1Y
-1.9%
ATO
US$177.46
Atmos Energy
7D
-1.9%
1Y
14.3%
Analysis Article • May 15

Atmos Energy (NYSE:ATO) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of

Atmos Energy Corporation ( NYSE:ATO ) announced strong profits, but the stock was stagnant. Our analysis suggests that...
AEP
US$129.61
American Electric Power Company
7D
0.8%
1Y
27.3%
ETR
US$112.27
Entergy
7D
-0.6%
1Y
38.1%
FRVO
US$42.50
Fervo Energy
7D
4.6%
1Y
n/a
Seeking Alpha • May 14

Fervo Energy: Energized From The Ground

Summary Fervo Energy surged 40% on IPO debut, reflecting investor enthusiasm for its scalable geothermal energy vision. Fervo boasts $7B in contracted revenue, 658MW under PPAs, and high-profile clients like Google, but has yet to commence commercial operations. Significant risks persist: no operational track record, large capital expenditures, technical and economic uncertainties, and concentrated project exposure. Despite compelling clean energy potential, conviction is tempered by execution risk and the need for proven durability and reliability. Read the full article on Seeking Alpha
SO
US$94.24
Southern
7D
0.6%
1Y
6.1%
Narrative Update • May 10

SO: Fair Outlook Will Weigh Dividend Support Against Dam Safety Progress

Analysts have trimmed their price target on Southern to $101.71 from $101.87 as small shifts in the discount rate, revenue growth assumptions, profit margin outlook, and future P/E estimates narrow their view of the upside from here. What's in the News Southern Company announced a regular quarterly dividend of $0.76 per share on its common stock, payable June 8, 2026, to shareholders of record as of May 18, 2026, with the annualized dividend rate set at $3.04 per share (Key Developments).