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U.S. Utilities Sector Analysis

UpdatedSep 06, 2025
DataAggregated Company Financials
Companies119
  • 7D-1.0%
  • 3M3.4%
  • 1Y11.0%
  • YTD9.6%

Over the last 7 days, the Utilities industry has dropped 1.2%, driven by pullbacks in NextEra Energy and Constellation Energy of 1.6% and 2.1%, respectively. Over the past 12 months, the industry was up 10%. 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
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
Thu, 30 Mar 2023US$1.2tUS$532.0bUS$45.0b20.8x25.8x2.2x
Sat, 25 Feb 2023US$1.2tUS$531.2bUS$47.0b20.7x24.6x2.2x
Mon, 23 Jan 2023US$1.2tUS$531.4bUS$50.1b20.9x23.9x2.3x
Wed, 21 Dec 2022US$1.2tUS$531.8bUS$45.8b20.7x26.2x2.3x
Fri, 18 Nov 2022US$1.2tUS$530.6bUS$50.4b20.2x23.1x2.2x
Sun, 16 Oct 2022US$1.1tUS$505.2bUS$45.1b19x23.7x2.1x
Tue, 13 Sep 2022US$1.3tUS$505.3bUS$45.1b22.9x29.5x2.6x
Price to Earnings Ratio

29.5x


Total Market Cap: US$1.3tTotal Earnings: US$45.1bTotal Revenue: US$505.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Utilities Sector Price to Earnings3Y Average 22.6x202320242025
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 22.6x.
  • The 3-year average PS ratio of 2.3x is lower than the industry's current PS ratio of 2.7x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 12% per year over the last three years.
  • Revenues for these companies have grown 2.8% 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 Market0.43%
Utilities-1.01%
Water Utilities0.066%
Gas Utilities-0.26%
Renewable Energy-0.59%
Other Utilities-1.03%
Electric Utilities-1.18%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry even though it's trading below its 3-year average PE ratio of 280x.
    • Analysts are expecting annual earnings growth of 26.5%, which is higher than its past year's earnings decline of 0.5% per year.
  • Investors are most pessimistic about the Other Utilities industry, which is trading close to its 3-year average of 21.1x.
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 0.5% per year.
  • In contrast, the Water Utilities industry is expected to see its earnings grow by 8.2% 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
TLN Talen EnergyUS$389.192.7%
+US$469.2m		172.0%PE95.1x
WEC WEC Energy GroupUS$107.791.2%
+US$412.0m		15.1%PE20.9x
NRG NRG EnergyUS$147.661.4%
+US$406.2m		93.0%PE62.8x
AEE AmerenUS$100.630.9%
+US$229.8m		21.0%PE22.2x
XEL Xcel EnergyUS$72.680.4%
+US$171.5m		15.5%PE20.7x

Latest News

AEE
US$100.63
Ameren
7D
0.9%
1Y
21.0%
CEG
US$301.58
Constellation Energy
7D
-2.1%
1Y
74.2%
DUK
US$120.61
Duke Energy
7D
-1.5%
1Y
3.4%

Grid Modernization Investments Will Fuel America's Clean Energy Future

Analysts maintain a positive outlook on Duke Energy due to its underappreciated nuclear assets, strong renewable growth, robust Carolinas load growth, and discounted valuation relative to peers, resulting in an unchanged consensus price target of $132. Analyst Commentary Bullish analysts cite Duke's long-term nuclear assets as underappreciated and positive guidance for large-scale renewables and residential solar.
SRE
US$81.11
Sempra
7D
-1.8%
1Y
-1.2%

Texas Demand And LNG Projects Will Expand Infrastructure

With both net profit margin and revenue growth forecasts holding steady, Sempra's consensus analyst price target remained unchanged at $83.92. What's in the News Sempra updated 2025 GAAP EPS guidance to $4.05–$4.45.
TLN
US$389.19
Talen Energy
7D
2.7%
1Y
172.0%

US Electricity Demand And Nuclear Expansion Will Shape Markets

Analysts maintain a positive outlook on Talen Energy, citing transformative AI-related demand growth, lucrative PPAs, and robust M&A prospects as key drivers for future value creation, with the consensus price target unchanged at $398.66. Analyst Commentary Bullish analysts highlight the transformative impact of AI adoption on the energy sector, forecasting a “Power revolution” that positions Talen among potential new industry leaders.
EVRG
US$71.60
Evergy
7D
0.5%
1Y
19.8%

Data Centers And Renewables Will Transform Grid Infrastructure

Analysts cite improved Kansas regulation, enhanced earnings growth outlook, and stronger credit flexibility as drivers for increased confidence in Evergy, yet the consensus price target remains unchanged at $75.60. Analyst Commentary Improvement in Kansas regulation, highlighted by the Kansas Central settlement, supports a more favorable operating environment.
AEP
US$108.11
American Electric Power Company
7D
-2.6%
1Y
5.9%

Here's Why American Electric Power Company (NASDAQ:AEP) Has A Meaningful Debt Burden

Sep 03
Here's Why American Electric Power Company (NASDAQ:AEP) Has A Meaningful Debt Burden
EIX
US$54.45
Edison International
7D
-3.0%
1Y
-37.2%
NI
US$40.33
NiSource
7D
-4.6%
1Y
21.5%

Return Trends At NiSource (NYSE:NI) Aren't Appealing

Aug 29
Return Trends At NiSource (NYSE:NI) Aren't Appealing
D
US$58.19
Dominion Energy
7D
-2.9%
1Y
1.9%
ATO
US$166.48
Atmos Energy
7D
0.2%
1Y
27.3%
WEC
US$107.79
WEC Energy Group
7D
1.2%
1Y
15.1%

WEC Energy Group, Inc.'s (NYSE:WEC) Price Is Out Of Tune With Earnings

Aug 21
WEC Energy Group, Inc.'s (NYSE:WEC) Price Is Out Of Tune With Earnings
NEE
US$70.90
NextEra Energy
7D
-1.6%
1Y
-11.4%
RNW
US$7.80
ReNew Energy Global
7D
2.5%
1Y
32.4%
NRG
US$147.66
NRG Energy
7D
1.4%
1Y
93.0%
XEL
US$72.68
Xcel Energy
7D
0.4%
1Y
15.5%