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U.S. Utilities Sector Analysis

UpdatedFeb 14, 2026
DataAggregated Company Financials
Companies115
  • 7D6.7%
  • 3M4.5%
  • 1Y18.1%
  • YTD7.0%

In the last week, the Utilities industry is up 4.7%, with Constellation Energy leading the way, up 10%. Meanwhile, Oklo actually underperformed within the industry, shrinking 7.6% in the last week. This means that the industry has gained 15% over the past year. Earnings are forecast to grow by 12% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 14 Feb 2026US$1.6tUS$562.2bUS$67.6b21.8x24.1x2.9x
Mon, 12 Jan 2026US$1.5tUS$556.5bUS$68.6b19.5x22.4x2.8x
Wed, 10 Dec 2025US$1.5tUS$558.0bUS$68.7b19.6x22.2x2.7x
Fri, 07 Nov 2025US$1.6tUS$557.7bUS$66.5b20.3x23.9x2.8x
Sun, 05 Oct 2025US$1.6tUS$549.9bUS$63.6b21.2x24.9x2.9x
Tue, 02 Sep 2025US$1.5tUS$549.2bUS$63.7b20.6x23.4x2.7x
Thu, 31 Jul 2025US$1.5tUS$541.9bUS$64.1b21.6x23.3x2.8x
Sat, 28 Jun 2025US$1.4tUS$540.3bUS$64.0b20.2x22.4x2.7x
Mon, 26 May 2025US$1.4tUS$540.1bUS$64.0b20.8x22.2x2.6x
Wed, 23 Apr 2025US$1.3tUS$526.7bUS$63.6b21.1x21x2.5x
Fri, 21 Mar 2025US$1.4tUS$526.8bUS$63.1b20.7x21.8x2.6x
Sun, 16 Feb 2025US$1.4tUS$525.6bUS$62.0b20.3x22.2x2.6x
Tue, 14 Jan 2025US$1.3tUS$503.3bUS$55.8b19.4x23.5x2.6x
Thu, 12 Dec 2024US$1.4tUS$533.3bUS$61.2b20.4x22.3x2.6x
Sat, 09 Nov 2024US$1.4tUS$534.1bUS$62.6b20.6x21.8x2.6x
Mon, 07 Oct 2024US$1.4tUS$522.9bUS$60.5b19.8x23.3x2.7x
Wed, 04 Sep 2024US$1.3tUS$522.9bUS$60.5b19.7x21.9x2.5x
Fri, 02 Aug 2024US$1.3tUS$518.7bUS$59.5b20.2x21.4x2.5x
Sun, 30 Jun 2024US$1.2tUS$517.6bUS$60.4b18x19.7x2.3x
Tue, 28 May 2024US$1.2tUS$518.1bUS$60.4b18.1x20.6x2.4x
Thu, 25 Apr 2024US$1.2tUS$527.1bUS$57.8b19.1x20.1x2.2x
Sat, 23 Mar 2024US$1.1tUS$528.0bUS$57.4b18.2x19.5x2.1x
Mon, 19 Feb 2024US$1.1tUS$537.1bUS$54.3b18.1x19.8x2x
Wed, 17 Jan 2024US$1.1tUS$543.9bUS$53.5b18.9x20.8x2x
Fri, 15 Dec 2023US$1.1tUS$543.9bUS$53.5b19.4x21.4x2.1x
Sun, 12 Nov 2023US$1.0tUS$545.0bUS$53.3b18.4x19.7x1.9x
Tue, 10 Oct 2023US$1.0tUS$554.7bUS$51.7b18.7x19.9x1.9x
Thu, 07 Sep 2023US$1.1tUS$549.7bUS$50.8b19.4x21.1x2x
Sat, 05 Aug 2023US$1.1tUS$548.4bUS$48.6b20.8x23x2x
Mon, 03 Jul 2023US$1.1tUS$551.7bUS$45.7b20.3x25x2.1x
Wed, 31 May 2023US$1.1tUS$549.1bUS$46.5b19.9x24x2x
Fri, 28 Apr 2023US$1.2tUS$536.3bUS$47.2b21.7x25.3x2.2x
Sun, 26 Mar 2023US$1.1tUS$532.0bUS$45.0b20.5x25.3x2.1x
Tue, 21 Feb 2023US$1.2tUS$528.4bUS$47.1b21x25.1x2.2x
Price to Earnings Ratio

25.1x


Total Market Cap: US$1.2tTotal Earnings: US$47.1bTotal Revenue: US$528.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Utilities Sector Price to Earnings3Y Average 22.4x202420252026
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 22.4x.
  • The 3-year average PS ratio of 2.4x is lower than the industry's current PS ratio of 2.9x.
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 2.0% 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-1.39%
Utilities6.66%
Renewable Energy8.70%
Electric Utilities6.91%
Water Utilities6.55%
Other Utilities6.07%
Gas Utilities3.82%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 76.2x.
    • Analysts are expecting annual earnings growth of 28.9%, 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 25.4x.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 29% 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 8.5% 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
CEG Constellation EnergyUS$288.4310.3%
+US$9.8b		-9.1%PE38.2x
NEE NextEra EnergyUS$93.804.8%
+US$9.0b		37.8%PE28.6x
VST VistraUS$171.4914.6%
+US$7.4b		2.3%PE60.5x
SO SouthernUS$94.955.4%
+US$5.4b		10.9%PE23.4x
DUK Duke EnergyUS$128.205.2%
+US$4.9b		14.9%PE20.3x

Latest News

EXC
US$48.48
Exelon
7D
9.4%
1Y
13.1%
AEP
US$129.94
American Electric Power Company
7D
7.6%
1Y
27.6%
NEE
US$93.80
NextEra Energy
7D
4.8%
1Y
37.8%
CEG
US$288.43
Constellation Energy
7D
10.3%
1Y
-9.1%
MNTK
US$1.71
Montauk Renewables
7D
-5.5%
1Y
-61.6%

MNTK: Slightly Lower Discount Rate Will Support Undervalued Bullish Setup

Analysts have raised their price target on Montauk Renewables to $2.00 from $2.00, reflecting slightly adjusted assumptions around discount rate, revenue growth, profit margin, and future P/E. These changes keep their overall valuation view effectively unchanged.
DUK
US$128.20
Duke Energy
7D
5.2%
1Y
14.9%
HE
US$16.82
Hawaiian Electric Industries
7D
-1.5%
1Y
65.6%

HE: Index Additions And EV Charging Expansion Will Mask Overvaluation Risk

Analyst Price Target Update Analysts now cite a price target of $12.00 for Hawaiian Electric Industries, up from $10.75. This reflects adjustments to their models around fair value, discount rate, expected revenue growth, profit margins and future P/E assumptions.
SRE
US$94.78
Sempra
7D
8.5%
1Y
12.7%
BIPC
US$49.56
Brookfield Infrastructure
7D
-0.9%
1Y
19.9%

Valuation Update

The valuation has been updated based on the latest financial results.
OKLO
US$65.69
Oklo
7D
-7.6%
1Y
24.8%
ORA
US$118.19
Ormat Technologies
7D
-4.0%
1Y
87.2%

ORA: Geothermal Projects And Data Center Agreement Will Support Balanced Medium Term Outlook

Analysts have adjusted their price target on Ormat Technologies from US$123.70 to US$126.30, citing updated assumptions for the discount rate, revenue growth, profit margins, and future P/E expectations. What's in the News Ormat was awarded the Telaga Ranu Geothermal Working Area in Halmahera, North Maluku, Indonesia, following a competitive tender with four qualified bidders, securing long term exploration and development rights for a geothermal resource within an approved feed in tariff zone (Key Developments).
VST
US$171.49
Vistra
7D
14.6%
1Y
2.3%

VST: Long Term Meta Nuclear Agreements Will Support PJM Data Center Demand

Analysts have nudged their average price targets on Vistra higher into a range around $217 to $293, citing recent long term nuclear power agreements with Meta, as well as updated expectations for execution and market conditions as key drivers behind the recalibration. Analyst Commentary Recent Street research around Vistra reflects mixed adjustments to price targets, but the tone from several bullish analysts remains constructive.
SO
US$94.95
Southern
7D
5.4%
1Y
10.9%
SPRU
US$4.42
Spruce Power Holding
7D
-10.0%
1Y
74.7%

Spruce Power Holding Corporation's (NYSE:SPRU) Shares Bounce 28% But Its Business Still Trails The Industry

Jan 29
Spruce Power Holding Corporation's (NYSE:SPRU) Shares Bounce 28% But Its Business Still Trails The Industry
ANNA
US$2.56
AleAnna
7D
-4.5%
1Y
-74.3%