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U.S. Utilities Sector Analysis

UpdatedDec 16, 2025
DataAggregated Company Financials
Companies118
  • 7D0.7%
  • 3M2.8%
  • 1Y13.1%
  • YTD13.7%

The Utilities industry has been flat over the last week, but Oklo has lost 21%. The past year has been better, since the industry has gained 13% in that time. Looking forward, earnings are forecast to grow by 9.2% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 16 Dec 2025US$1.5tUS$558.0bUS$68.7b19.6x22.2x2.7x
Thu, 13 Nov 2025US$1.6tUS$559.5bUS$68.0b20.4x23.6x2.9x
Sat, 11 Oct 2025US$1.6tUS$549.9bUS$63.6b21.2x25.4x2.9x
Mon, 08 Sep 2025US$1.5tUS$549.2bUS$63.7b20.4x23.2x2.7x
Wed, 06 Aug 2025US$1.5tUS$547.0bUS$63.8b20.9x24.2x2.8x
Fri, 04 Jul 2025US$1.4tUS$540.7bUS$63.8b20.6x22.6x2.7x
Sun, 01 Jun 2025US$1.4tUS$540.1bUS$64.0b20.9x22.4x2.7x
Tue, 29 Apr 2025US$1.4tUS$528.6bUS$62.1b20.8x22.2x2.6x
Thu, 27 Mar 2025US$1.4tUS$526.8bUS$63.5b20.5x21.3x2.6x
Sat, 22 Feb 2025US$1.4tUS$525.9bUS$62.1b20.6x22.5x2.7x
Mon, 20 Jan 2025US$1.4tUS$528.1bUS$58.6b19.9x23.4x2.6x
Wed, 18 Dec 2024US$1.3tUS$532.1bUS$61.1b19.8x22x2.5x
Fri, 15 Nov 2024US$1.4tUS$533.4bUS$61.3b20.2x22.4x2.6x
Sun, 13 Oct 2024US$1.4tUS$522.9bUS$60.5b19.6x22.8x2.6x
Tue, 10 Sep 2024US$1.3tUS$522.9bUS$60.5b19.5x22x2.5x
Thu, 08 Aug 2024US$1.3tUS$522.0bUS$60.8b19.4x20.9x2.4x
Sat, 06 Jul 2024US$1.2tUS$517.6bUS$60.4b18x19.8x2.3x
Mon, 03 Jun 2024US$1.3tUS$518.1bUS$60.4b18.3x20.9x2.4x
Wed, 01 May 2024US$1.2tUS$525.8bUS$57.8b18.9x20.2x2.2x
Fri, 29 Mar 2024US$1.2tUS$528.3bUS$57.3b18.5x20.6x2.2x
Sun, 25 Feb 2024US$1.1tUS$534.3bUS$54.4b17.6x19.9x2x
Tue, 23 Jan 2024US$1.1tUS$543.9bUS$53.5b18x20x2x
Thu, 21 Dec 2023US$1.1tUS$543.9bUS$53.5b18.9x21x2.1x
Sat, 18 Nov 2023US$1.1tUS$545.0bUS$53.3b18.8x20.3x2x
Mon, 16 Oct 2023US$1.0tUS$554.7bUS$51.7b19x20.3x1.9x
Wed, 13 Sep 2023US$1.1tUS$549.8bUS$50.8b20.1x21.7x2x
Fri, 11 Aug 2023US$1.1tUS$548.7bUS$49.5b20.9x22.7x2x
Sun, 09 Jul 2023US$1.1tUS$551.7bUS$45.7b20.4x24.9x2.1x
Tue, 06 Jun 2023US$1.1tUS$549.1bUS$46.5b20x24.3x2.1x
Thu, 04 May 2023US$1.2tUS$539.2bUS$48.3b21.3x24.4x2.2x
Sat, 01 Apr 2023US$1.2tUS$532.0bUS$45.1b20.9x26.1x2.2x
Mon, 27 Feb 2023US$1.2tUS$531.2bUS$46.9b20.6x24.6x2.2x
Wed, 25 Jan 2023US$1.2tUS$531.4bUS$50.1b21x24x2.3x
Fri, 23 Dec 2022US$1.2tUS$531.4bUS$50.1b20.9x24.2x2.3x
Price to Earnings Ratio

24.2x


Total Market Cap: US$1.2tTotal Earnings: US$50.1bTotal Revenue: US$531.4bTotal 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 2.7x.
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-0.69%
Utilities0.69%
Water Utilities3.60%
Gas Utilities1.33%
Other Utilities1.02%
Electric Utilities0.46%
Renewable Energy-0.11%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry even though it's trading below its 3-year average PE ratio of 225x.
    • Analysts are expecting annual earnings growth of 25.4%, which is higher than its past year's earnings decline of 3.5% per year.
  • Investors are most pessimistic about the Gas Utilities industry, which is trading below its 3-year average of 30.3x.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 25% over the next 5 years.
  • This is better than its past earnings decline of 3.5% per year.
  • In contrast, the Other Utilities industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
NEE NextEra EnergyUS$81.651.4%
+US$2.3b		12.2%PE26.1x
ED Consolidated EdisonUS$99.394.1%
+US$1.4b		8.9%PE17.6x
D Dominion EnergyUS$59.842.4%
+US$1.2b		11.8%PE19.6x
EIX Edison InternationalUS$59.095.5%
+US$1.2b		-27.2%PE7.7x
DUK Duke EnergyUS$116.731.3%
+US$1.2b		8.6%PE18.4x

Latest News

RNW
US$5.50
ReNew Energy Global
7D
-27.3%
1Y
-21.9%
EIX
US$59.09
Edison International
7D
5.5%
1Y
-27.2%

Edison International's (NYSE:EIX) Dividend Will Be Increased To $0.8775

Dec 15
Edison International's (NYSE:EIX) Dividend Will Be Increased To $0.8775
VST
US$168.25
Vistra
7D
2.1%
1Y
20.4%

VST: Data Center Power Demand Will Drive Long-Term Cash Flow Upside

Analysts have raised their fair value estimate for Vistra to $288 from $232 per share. This reflects higher projected revenue growth and profit margins driven by accelerating data center power demand, robust pricing for thermal IPPs, and a series of supportive Overweight and Buy initiations and price target increases across the Street.
NEE
US$81.65
NextEra Energy
7D
1.4%
1Y
12.2%

NEE: Duane Arnold Nuclear Restart Will Drive Long Term AI Power Demand

Analysts have nudged their average price target on NextEra Energy slightly higher to approximately $91.14, reflecting continued confidence in the company’s above market revenue growth and resilient margins, despite mixed individual target revisions across the Street. Analyst Commentary Recent research updates on NextEra Energy highlight a generally constructive backdrop, with multiple upward price target revisions offset by a few modest trims.
DUK
US$116.73
Duke Energy
7D
1.3%
1Y
8.6%

DUK: Southeast Data Center Demand Will Drive Long Term Earnings Upside

Analysts modestly trimmed their fair value estimate for Duke Energy to approximately $136 per share from about $137, citing slightly lower long term profitability assumptions. At the same time, sector wide enthusiasm around regulated utilities and data center driven load growth supports a higher range of Street price targets clustered around $135 to $143.
DTE
US$128.81
DTE Energy
7D
-0.9%
1Y
6.1%
NRG
US$159.99
NRG Energy
7D
-2.5%
1Y
69.9%

NRG: Power Price Optimism Will Likely Overstate Long Term Data Center Upside

The updated analyst price target for NRG Energy has increased to $145, up from a prior fair value of about $106. Analysts attribute this change to stronger expected profitability, improved cash flow visibility from rising power and capacity prices, and growing upside from data center driven demand and portfolio optionality.
D
US$59.84
Dominion Energy
7D
2.4%
1Y
11.8%

D: Earnings Guidance And Modest Buybacks Will Support Steady Future Returns

Analysts have made a slight downward revision to their price target on Dominion Energy, trimming it by approximately $0.07 per share as they fine tune assumptions around long term revenue growth, profit margins and valuation multiples. What's in the News Dominion Energy reported that from July 1 to September 30, 2025, it repurchased no additional shares, but has completed a total buyback of 2,476,657 shares for $191.75 million under its November 6, 2020 authorization (Key Developments).
CEG
US$357.14
Constellation Energy
7D
-0.6%
1Y
52.5%

CEG: Data Center Power Deals Will Drive Nuclear Cash Flows Higher

Analysts have raised their average price target on Constellation Energy by roughly $30 to $400, citing accelerating commercial momentum, growing nuclear and thermal cash flows, and the scarcity value of its generation assets in an environment of robust electricity demand and expanding data center power needs. Analyst Commentary Recent research updates reflect a broadly constructive stance toward Constellation Energy, with several firms lifting price targets in response to strengthening fundamentals and a more supportive power market backdrop.
AWK
US$134.13
American Water Works Company
7D
4.4%
1Y
4.0%
AEP
US$115.77
American Electric Power Company
7D
-0.3%
1Y
25.9%

AEP: Data Center Demand And Execution On Massive Grid Buildout Will Drive Outcomes

The analyst price target for American Electric Power Company has risen by approximately $4 to the low $120s range, as analysts highlight the company's solid balance sheet, sizable $70B-plus capital plan, and growing exposure to data center driven demand, even as they flag valuation and regulatory execution as key swing factors. Analyst Commentary Recent Street research reflects a constructive but selective stance on American Electric Power, with many bullish analysts raising price targets into the low to mid $120s and a few more cautious voices emphasizing execution and valuation risk.
OKLO
US$82.33
Oklo
7D
-21.3%
1Y
345.5%
PEG
US$80.60
Public Service Enterprise Group
7D
2.3%
1Y
-6.3%
BEPC
US$38.61
Brookfield Renewable
7D
-1.7%
1Y
30.9%
BIPC
US$45.28
Brookfield Infrastructure
7D
-2.9%
1Y
13.6%
ED
US$99.39
Consolidated Edison
7D
4.1%
1Y
8.9%