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U.S. Utilities Sector Analysis

UpdatedJul 15, 2026
DataAggregated Company Financials
Companies117
  • 7D0.2%
  • 3M-1.2%
  • 1Y11.1%
  • YTD4.5%

Last week, the Utilities industry hasn't moved much but Constellation Energy is up 7.0% in that time. As for the the longer term, the industry is up 11% 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
Wed, 15 Jul 2026US$1.7tUS$587.1bUS$69.0b22.2x24x2.8x
Fri, 12 Jun 2026US$1.6tUS$587.1bUS$69.1b21.2x23.1x2.7x
Sun, 10 May 2026US$1.6tUS$582.7bUS$67.8b21.3x24.2x2.8x
Tue, 07 Apr 2026US$1.7tUS$568.0bUS$67.5b21.7x24.8x2.9x
Thu, 05 Mar 2026US$1.7tUS$567.9bUS$67.3b22.4x25.1x3x
Sat, 31 Jan 2026US$1.6tUS$558.6bUS$69.1b20.4x22.6x2.8x
Mon, 29 Dec 2025US$1.5tUS$556.5bUS$68.5b19.4x22.2x2.7x
Wed, 26 Nov 2025US$1.6tUS$558.0bUS$68.7b20.4x23x2.8x
Fri, 24 Oct 2025US$1.6tUS$549.9bUS$63.6b21.9x25.3x2.9x
Sun, 21 Sep 2025US$1.5tUS$549.9bUS$63.6b20.3x23.7x2.7x
Tue, 19 Aug 2025US$1.5tUS$549.2bUS$63.7b20.5x23.7x2.7x
Thu, 17 Jul 2025US$1.4tUS$540.7bUS$63.8b20.9x22.7x2.7x
Sat, 14 Jun 2025US$1.4tUS$540.1bUS$64.0b20.6x22.5x2.7x
Mon, 12 May 2025US$1.4tUS$538.9bUS$63.6b20.7x22.2x2.6x
Wed, 09 Apr 2025US$1.3tUS$526.8bUS$63.6b19.6x20.3x2.4x
Fri, 07 Mar 2025US$1.4tUS$526.8bUS$63.1b19.6x21.5x2.6x
Sun, 02 Feb 2025US$1.4tUS$527.0bUS$60.4b20x22.5x2.6x
Tue, 31 Dec 2024US$1.3tUS$523.4bUS$60.0b20x22x2.5x
Thu, 28 Nov 2024US$1.4tUS$533.3bUS$61.2b21.5x23.7x2.7x
Sat, 26 Oct 2024US$1.4tUS$523.5bUS$61.4b19.6x23.1x2.7x
Mon, 23 Sep 2024US$1.4tUS$522.9bUS$60.5b20x22.9x2.7x
Wed, 21 Aug 2024US$1.3tUS$522.9bUS$60.6b19.4x21.6x2.5x
Fri, 19 Jul 2024US$1.2tUS$517.6bUS$60.4b19.1x20.4x2.4x
Sun, 16 Jun 2024US$1.2tUS$518.0bUS$60.4b18x20x2.3x
Tue, 14 May 2024US$1.2tUS$518.4bUS$60.2b18.8x20.7x2.4x
Thu, 11 Apr 2024US$1.2tUS$528.1bUS$57.4b18.4x20.1x2.2x
Sat, 09 Mar 2024US$1.1tUS$526.3bUS$57.9b17.9x19.2x2.1x
Mon, 05 Feb 2024US$1.1tUS$544.3bUS$53.5b18.6x20.2x2x
Wed, 03 Jan 2024US$1.1tUS$543.9bUS$53.5b19.4x21.2x2.1x
Fri, 01 Dec 2023US$1.1tUS$543.9bUS$53.5b18.7x20.3x2x
Sun, 29 Oct 2023US$1.0tUS$549.9bUS$50.2b18.9x20.3x1.9x
Tue, 26 Sep 2023US$1.1tUS$549.8bUS$50.8b19.6x21.6x2x
Thu, 24 Aug 2023US$1.1tUS$549.8bUS$50.8b19.9x21.7x2x
Sat, 22 Jul 2023US$1.2tUS$551.7bUS$45.7b21.5x26.1x2.2x
Price to Earnings Ratio

26.1x


Total Market Cap: US$1.2tTotal Earnings: US$45.7bTotal Revenue: US$551.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Utilities Sector Price to Earnings3Y Average 22.2x202420252026
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 22.2x.
  • The 3-year average PS ratio of 2.5x is lower than the industry's current PS ratio of 2.8x.
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 2.1% 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 Market0.22%
Utilities0.20%
Renewable Energy2.24%
Gas Utilities1.36%
Electric Utilities0.35%
Other Utilities-0.81%
Water Utilities-1.30%
Industry PE
  • Investors are most optimistic about the Water Utilities industry, which is trading close to its 3-year average PE ratio of 24.0x.
    • Analysts are expecting annual earnings growth of 9.6%, which is higher than its past year's earnings growth of 6.3% 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 8.3% per year.
  • In contrast, the Water Utilities industry is expected to see its earnings grow by 9.6% 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$256.437.0%
+US$6.0b		-19.4%PE24.2x
NEE NextEra EnergyUS$89.541.2%
+US$2.2b		19.9%PE22.8x
TLN Talen EnergyUS$396.958.3%
+US$1.5b		48.0%PS5.9x
D Dominion EnergyUS$71.302.1%
+US$1.3b		26.1%PE21.4x
VST VistraUS$158.431.7%
+US$910.4m		-17.2%PE26.1x

Latest News

DUK
US$126.37
Duke Energy
7D
-1.4%
1Y
7.9%
DTE
US$149.07
DTE Energy
7D
-3.1%
1Y
11.8%
TLN
US$396.95
Talen Energy
7D
8.3%
1Y
48.0%
FE
US$49.23
FirstEnergy
7D
1.7%
1Y
21.8%
Seeking Alpha • Jul 14

FirstEnergy: Cheap And With Potential To Grow

Summary FirstEnergy Corp. remains a compelling 'buy' in the utility sector, supported by strong growth, attractive valuation, and low leverage. FE's revenue and EBITDA are rising, with Q1 2026 revenue up 11.6% and EBITDA expanding from $1.20B to $1.44B year-over-year. Management projects $36B in investments from 2026–2030, targeting 6–8% annual EPS growth, driven by robust data center demand. FE trades at appealing multiples versus peers and maintains superior financial flexibility, positioning it for continued expansion and risk mitigation. Read the full article on Seeking Alpha
NEE
US$89.54
NextEra Energy
7D
1.2%
1Y
19.9%
Seeking Alpha • Jul 11

NextEra Energy: Merger With Dominion Energy Introduces Risks

Summary NextEra Energy proposes an all-stock merger with Dominion Energy, aiming to create a $250B utility leader amid surging AI-driven electricity demand. NEE expects the scale from the merger to accelerate project delivery and efficiency, especially in data center-heavy regions like Virginia. The deal's takeover premium and regulatory concessions set a high bar for synergy realization amid integration risks. NEE's historical outperformance is rooted in Florida Power & Light's favorable regulatory environment; the merger could dilute this competitive edge. Read the full article on Seeking Alpha
FRVO
US$25.02
Fervo Energy
7D
5.1%
1Y
n/a
SRE
US$93.36
Sempra
7D
-1.3%
1Y
25.9%
D
US$71.30
Dominion Energy
7D
2.1%
1Y
26.1%
PCG
US$17.44
PG&E
7D
1.5%
1Y
34.2%
PEG
US$80.50
Public Service Enterprise Group
7D
-1.6%
1Y
-1.6%
EXC
US$46.92
Exelon
7D
-1.4%
1Y
9.2%
AEP
US$134.94
American Electric Power Company
7D
-1.9%
1Y
29.3%
VST
US$158.43
Vistra
7D
1.7%
1Y
-17.2%
CEG
US$256.43
Constellation Energy
7D
7.0%
1Y
-19.4%
WEC
US$115.05
WEC Energy Group
7D
-2.2%
1Y
9.8%
Seeking Alpha • Jul 01

WEC Energy Group: Data Centers Make This Utility Growth Story More Attractive

Summary WEC Energy Group (WEC) is rated a buy, driven by a visible earnings growth runway fueled by surging data-center demand. WEC's $37.5 billion regulated capital plan through 2030 supports management's 7%–8% long-term EPS growth target and robust dividend growth. The Very Large Customer tariff structure mitigates risk by shifting project-specific exposure to hyperscale customers, supporting regulatory approval and earnings visibility. Key risks include regulatory outcomes, tariff terms, and financing execution, but the data-center opportunity and capital plan underpin substantial upside potential. Read the full article on Seeking Alpha
SO
US$95.96
Southern
7D
-1.4%
1Y
3.8%