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U.S. Utilities Sector Analysis

UpdatedApr 30, 2025
DataAggregated Company Financials
Companies116
  • 7D1.6%
  • 3M3.5%
  • 1Y18.7%
  • YTD4.1%

The Utilities industry is up 1.6% in the last week, with Constellation Energy up 13%. This means that the industry has gained 19% over the past year. Earnings are forecast to grow by 9.0% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 30 Apr 2025US$1.4tUS$528.7bUS$62.3b21.1x22.2x2.6x
Fri, 28 Mar 2025US$1.4tUS$526.8bUS$63.5b20.6x21.4x2.6x
Sun, 23 Feb 2025US$1.4tUS$525.9bUS$62.1b20.6x22.5x2.7x
Tue, 21 Jan 2025US$1.4tUS$528.1bUS$58.6b19.9x23.4x2.6x
Thu, 19 Dec 2024US$1.3tUS$532.1bUS$61.1b19.4x21.9x2.5x
Sat, 16 Nov 2024US$1.4tUS$533.5bUS$61.3b20.4x22.3x2.6x
Mon, 14 Oct 2024US$1.4tUS$522.9bUS$60.5b19.6x22.8x2.6x
Wed, 11 Sep 2024US$1.3tUS$522.9bUS$60.5b19.7x22x2.5x
Fri, 09 Aug 2024US$1.3tUS$521.9bUS$61.7b19.1x20.8x2.5x
Sun, 07 Jul 2024US$1.2tUS$517.6bUS$60.4b18x19.8x2.3x
Tue, 04 Jun 2024US$1.3tUS$518.1bUS$60.4b18.3x20.9x2.4x
Thu, 02 May 2024US$1.2tUS$526.3bUS$57.9b18.8x20.2x2.2x
Sat, 30 Mar 2024US$1.2tUS$528.3bUS$57.3b18.5x20.8x2.3x
Mon, 26 Feb 2024US$1.1tUS$533.5bUS$55.2b17.7x19.6x2x
Wed, 24 Jan 2024US$1.1tUS$543.9bUS$53.5b18.2x20x2x
Fri, 22 Dec 2023US$1.1tUS$543.9bUS$53.5b19x20.6x2x
Sun, 19 Nov 2023US$1.1tUS$545.0bUS$53.3b18.8x20.3x2x
Tue, 17 Oct 2023US$1.1tUS$554.7bUS$51.7b19.1x20.4x1.9x
Thu, 14 Sep 2023US$1.1tUS$549.8bUS$50.8b20x21.9x2x
Sat, 12 Aug 2023US$1.1tUS$549.3bUS$49.6b20.9x22.7x2.1x
Mon, 10 Jul 2023US$1.1tUS$551.7bUS$45.7b20.4x24.9x2.1x
Wed, 07 Jun 2023US$1.1tUS$549.1bUS$46.5b20x24.4x2.1x
Fri, 05 May 2023US$1.2tUS$545.0bUS$44.6b21x26.6x2.2x
Sun, 02 Apr 2023US$1.2tUS$532.0bUS$45.1b20.9x26.1x2.2x
Tue, 28 Feb 2023US$1.1tUS$531.2bUS$46.9b20.4x24.4x2.2x
Thu, 26 Jan 2023US$1.2tUS$531.4bUS$50.1b21.1x23.7x2.2x
Sat, 24 Dec 2022US$1.2tUS$531.4bUS$50.1b21.2x24.4x2.3x
Mon, 21 Nov 2022US$1.2tUS$531.3bUS$50.1b20.9x23.7x2.2x
Wed, 19 Oct 2022US$1.1tUS$505.2bUS$45.1b19.6x24.7x2.2x
Fri, 16 Sep 2022US$1.3tUS$505.3bUS$45.1b21.7x29.5x2.6x
Sun, 14 Aug 2022US$1.3tUS$505.2bUS$45.1b23.2x29.2x2.6x
Tue, 12 Jul 2022US$1.2tUS$484.2bUS$43.7b22.6x27.6x2.5x
Thu, 09 Jun 2022US$1.3tUS$484.2bUS$43.7b24.3x29.5x2.7x
Sat, 07 May 2022US$1.2tUS$481.9bUS$42.9b23.7x28.7x2.6x
Price to Earnings Ratio

28.7x


Total Market Cap: US$1.2tTotal Earnings: US$42.9bTotal Revenue: US$481.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Utilities Sector Price to Earnings3Y Average 23.2x202320242025
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 23.2x.
  • 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 13% per year over the last three years.
  • Revenues for these companies have grown 3.1% 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 Market5.23%
Utilities1.56%
Renewable Energy9.53%
Electric Utilities1.38%
Other Utilities1.04%
Gas Utilities-0.27%
Water Utilities-1.60%
Industry PE
  • Investors are most optimistic about the Gas Utilities industry, which is trading close to its 3-year average PE ratio of 28.0x.
    • Analysts are expecting annual earnings growth of 15.3%, which is lower than the prior year's growth of 17.1% per year.
  • Investors are most pessimistic about the Renewable Energy industry, which is trading below its 3-year average of 433x.
Forecasted Growth
  • Analysts are most optimistic on the Gas Utilities industry, expecting annual earnings growth of 15% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Other Utilities industry is expected to see its earnings grow by 6.0% 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$226.4512.7%
+US$8.0b		21.8%PE18.9x
VST VistraUS$129.3314.8%
+US$5.7b		70.5%PE17.8x
NRG NRG EnergyUS$109.5310.9%
+US$2.1b		50.7%PE20.5x
SRE SempraUS$75.354.2%
+US$2.0b		5.2%PE17.4x
NEE NextEra EnergyUS$67.250.9%
+US$1.4b		0.4%PE25.1x
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Latest News

CEG

US$226.45

Constellation Energy

7D

12.7%

1Y

21.8%

Constellation Energy: Too Expensive At Too High Risks

Apr 30

EXC

US$46.85

Exelon

7D

-1.1%

1Y

24.7%

POR

US$41.70

Portland General Electric

7D

-4.6%

1Y

-3.5%

Earnings Update: Portland General Electric Company (NYSE:POR) Just Reported Its First-Quarter Results And Analysts Are Updating Their Forecasts

Apr 30
Earnings Update: Portland General Electric Company (NYSE:POR) Just Reported Its First-Quarter Results And Analysts Are Updating Their Forecasts

PCG

US$17.35

PG&E

7D

-0.5%

1Y

1.4%

PG&E: An Unpopular Utility Is Improving Its Portfolio

Apr 28

XEL

US$70.67

Xcel Energy

7D

-1.0%

1Y

31.5%

Xcel Energy: Big Plans But At A Premium And Uncertainty Looms

Apr 28

VST

US$129.33

Vistra

7D

14.8%

1Y

70.5%

NRG

US$109.53

NRG Energy

7D

10.9%

1Y

50.7%

CNP

US$38.24

CenterPoint Energy

7D

2.6%

1Y

31.2%

CenterPoint Energy: Earnings Should Accelerate As Financing Costs Normalize

Apr 27

D

US$54.31

Dominion Energy

7D

1.7%

1Y

6.5%

SO

US$91.45

Southern

7D

-0.4%

1Y

24.4%

Southern (NYSE:SO) Is Increasing Its Dividend To $0.74

Apr 25
Southern (NYSE:SO) Is Increasing Its Dividend To $0.74

TLN

US$213.95

Talen Energy

7D

8.3%

1Y

114.0%

Talen Energy Benefits From Growing Power Demand

Apr 25

NEE

US$67.25

NextEra Energy

7D

0.9%

1Y

0.4%

NextEra Energy Vs. XLU: Yield Spread Favors Buying NEE

Apr 24

SRE

US$75.35

Sempra

7D

4.2%

1Y

5.2%

ED

US$112.13

Consolidated Edison

7D

-1.0%

1Y

18.8%

AWK

US$145.86

American Water Works Company

7D

-2.3%

1Y

19.2%

American Water Works Is Fairly Valued But Debt A Concern, Hold Maintained

Apr 16

DUK

US$121.70

Duke Energy

7D

-0.7%

1Y

23.9%