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U.S. Utilities Sector Analysis

UpdatedSep 10, 2026
DataAggregated Company Financials
Companies115
  • 7D0.7%
  • 3M-3.1%
  • 1Y1.4%
  • YTD-2.1%

Over the last 7 days, the Utilities industry has remained flat, although notably Constellation Energy gained 3.1%. Furthermore, the industry has been flat for the past year as well. Looking forward, earnings are forecast to grow by 10% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 10 Sep 2026US$1.6tUS$595.4bUS$72.0b20.9x21.9x2.6x
Sat, 08 Aug 2026US$1.6tUS$595.3bUS$72.0b21.3x22x2.7x
Mon, 06 Jul 2026US$1.7tUS$587.1bUS$69.1b22.1x24x2.8x
Wed, 03 Jun 2026US$1.6tUS$597.8bUS$70.2b20.9x22.4x2.6x
Fri, 01 May 2026US$1.7tUS$571.7bUS$68.2b21.7x24.2x2.9x
Sun, 29 Mar 2026US$1.6tUS$567.9bUS$67.5b21.1x24.4x2.9x
Tue, 24 Feb 2026US$1.7tUS$567.7bUS$69.6b21.9x24x2.9x
Thu, 22 Jan 2026US$1.5tUS$556.5bUS$68.8b20.6x22.5x2.8x
Sat, 20 Dec 2025US$1.5tUS$556.5bUS$68.5b19.3x22.3x2.7x
Mon, 17 Nov 2025US$1.6tUS$559.6bUS$68.1b20.5x23.3x2.8x
Wed, 15 Oct 2025US$1.6tUS$549.9bUS$63.6b21.4x25.5x3x
Fri, 12 Sep 2025US$1.5tUS$549.2bUS$63.7b20.4x23.4x2.7x
Sun, 10 Aug 2025US$1.5tUS$548.2bUS$63.6b20.9x23.9x2.8x
Tue, 08 Jul 2025US$1.4tUS$540.7bUS$63.8b20.5x22.6x2.7x
Thu, 05 Jun 2025US$1.4tUS$540.1bUS$64.0b20.6x22.5x2.7x
Sat, 03 May 2025US$1.4tUS$534.5bUS$65.0b21.1x21.5x2.6x
Mon, 31 Mar 2025US$1.4tUS$526.8bUS$63.5b20.9x21.6x2.6x
Wed, 26 Feb 2025US$1.4tUS$525.7bUS$61.7b20.8x22.5x2.6x
Fri, 24 Jan 2025US$1.4tUS$528.1bUS$58.6b19.7x23.2x2.6x
Sun, 22 Dec 2024US$1.3tUS$532.1bUS$61.1b19.8x21.7x2.5x
Tue, 19 Nov 2024US$1.4tUS$533.4bUS$61.6b20.6x22.5x2.6x
Thu, 17 Oct 2024US$1.4tUS$522.9bUS$60.5b20.2x23.4x2.7x
Sat, 14 Sep 2024US$1.3tUS$522.9bUS$60.5b20.1x22.2x2.6x
Mon, 12 Aug 2024US$1.3tUS$522.9bUS$60.7b19.4x21.2x2.5x
Wed, 10 Jul 2024US$1.2tUS$517.6bUS$60.4b17.8x19.8x2.3x
Fri, 07 Jun 2024US$1.2tUS$518.2bUS$60.4b18x20.5x2.4x
Sun, 05 May 2024US$1.2tUS$524.8bUS$58.2b18.8x20.6x2.3x
Tue, 02 Apr 2024US$1.2tUS$561.5bUS$56.9b18.5x20.9x2.1x
Thu, 29 Feb 2024US$1.1tUS$532.1bUS$55.9b17.5x19.3x2x
Sat, 27 Jan 2024US$1.1tUS$544.0bUS$53.2b18.1x20.2x2x
Mon, 25 Dec 2023US$1.1tUS$543.9bUS$53.5b19.2x20.7x2x
Wed, 22 Nov 2023US$1.1tUS$544.3bUS$53.4b18.4x20.3x2x
Fri, 20 Oct 2023US$1.0tUS$549.7bUS$50.8b18.7x20x1.9x
Sun, 17 Sep 2023US$1.1tUS$549.8bUS$50.8b20.2x22.1x2x
Price to Earnings Ratio

22.1x


Total Market Cap: US$1.1tTotal Earnings: US$50.8bTotal Revenue: US$549.8bTotal 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 industry is trading close to its 3-year average PS ratio of 2.5x.
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 2.7% 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-0.22%
Utilities0.67%
Renewable Energy3.06%
Electric Utilities0.73%
Water Utilities0.54%
Other Utilities0.11%
Gas Utilities-0.44%
Industry PE
  • Investors are most optimistic about the Water Utilities industry, which is trading close to its 3-year average PE ratio of 23.7x.
    • Analysts are expecting annual earnings growth of 9.6%, which is higher than its past year's earnings growth of 4.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 25% over the next 5 years.
  • However this is lower than its past earnings growth rate of 39% per year.
  • In contrast, the Other Utilities industry is expected to see its earnings grow by 5.3% 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$293.913.1%
+US$3.1b		-7.6%PE30.1x
VST VistraUS$151.105.3%
+US$2.6b		-27.8%PE25x
PCG PG&EUS$14.196.5%
+US$1.9b		-7.0%PE10.2x
NRG NRG EnergyUS$115.373.9%
+US$899.7m		-28.4%PE31x
EIX Edison InternationalUS$57.444.1%
+US$865.8m		3.4%PE5.9x

Latest News

NRG
US$115.37
NRG Energy
7D
3.9%
1Y
-28.4%
Seeking Alpha • 14h

NRG Energy: Customer Relationship Is Worth More Than Another AI Headline

Summary NRG Energy is a buy at $119.02, with a valuation target of $154, reflecting disciplined execution and incremental earnings growth from existing assets and customers. NRG's dual retail and generation model, enhanced by the CPower acquisition, provides flexibility and customer stickiness, but profitability hinges on prudent capital allocation and operational discipline. Near-term earnings growth is forecasted at $8.80 per share this year and $10.25 next year, with management prioritizing debt repayment over aggressive share repurchases. NRG trades at a discount to peers on EV/EBITDA and P/E, but execution risks around new developments, Texas demand, and cost overruns must be closely monitored. Read the full article on Seeking Alpha
VST
US$151.10
Vistra
7D
5.3%
1Y
-27.8%
ORA
US$98.81
Ormat Technologies
7D
-5.6%
1Y
8.5%
NEE
US$82.65
NextEra Energy
7D
-0.5%
1Y
16.3%
AEP
US$124.67
American Electric Power Company
7D
0.9%
1Y
15.1%
HE
US$10.33
Hawaiian Electric Industries
7D
-5.7%
1Y
-14.1%
SRE
US$85.01
Sempra
7D
1.5%
1Y
3.7%
PCG
US$14.19
PG&E
7D
6.5%
1Y
-7.0%
Narrative Update • Sep 03

PCG: Wildfire Liability Stalemate Will Shape Capital Plan Reset And Repricing

Analysts have reduced their consolidated fair value estimate for PG&E from about $22.59 to $20.78, reflecting lower Street price targets, which now range from around $13 to $28, and a renewed focus on wildfire liability and capital allocation risks. Analyst Commentary Recent research on PG&E shows a clear split between analysts who see value at current levels and those who are more cautious after the latest legislative developments in California.
TLN
US$319.67
Talen Energy
7D
5.8%
1Y
-20.6%
Narrative Update • Sep 03

TLN: PJM Power Tightness And Data Center Buildouts Will Drive Future Upside

Analysts have trimmed their blended price target for Talen Energy to reflect a fair value move from about $470 to roughly $460, as they factor in slightly higher risk, more moderate revenue growth assumptions, and updated views on PJM power market conditions and data center related timing. Analyst Commentary Recent research on Talen Energy highlights a mix of optimism around growth projects and PJM exposure, alongside caution on policy risk, contracting visibility, and the stock's valuation.
EIX
US$57.44
Edison International
7D
4.1%
1Y
3.4%
Narrative Update • Sep 03

EIX: Uncapped Wildfire Liabilities And Eaton Fire Exposure Will Restrain Upside

Analysts have moved the fair value estimate for Edison International to $50 from $62, reflecting lower price targets across the Street as wildfire liability concerns, delayed California reform, and ongoing Eaton Fire exposure weigh on sentiment. Analyst Commentary Recent Street research on Edison International points to a clear shift toward caution.
PEG
US$72.60
Public Service Enterprise Group
7D
-1.0%
1Y
-11.2%
EVRG
US$81.22
Evergy
7D
-0.9%
1Y
12.3%
Seeking Alpha • Sep 01

Evergy: Need A Better Price To Make This Story Compelling

Summary Evergy benefits from data center-driven grid demand, but its ROE lags key peers, justifying a Hold rating. EVRG's 25% YoY net income growth and strong dividend profile are supported by favorable capital allocation and data center contracts. Rate base investments and a 2.5 GW data center ESA backlog underpin long-term EPS growth, but material impact is expected post-2028. Valuation appears fair relative to sector peers; I prefer a 5–10% discount before considering EVRG over higher-ROE alternatives. Read the full article on Seeking Alpha
EXC
US$43.70
Exelon
7D
-0.6%
1Y
0.9%
D
US$65.10
Dominion Energy
7D
-1.4%
1Y
9.6%
CEG
US$293.91
Constellation Energy
7D
3.1%
1Y
-7.6%
ATO
US$166.59
Atmos Energy
7D
-0.6%
1Y
1.6%