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U.S. Utilities Sector Analysis

UpdatedFeb 04, 2026
DataAggregated Company Financials
Companies114
  • 7D-0.4%
  • 3M-2.5%
  • 1Y12.1%
  • YTD0.06%

The Utilities industry has been flat over the last week, but Constellation Energy has lost 6.8%. The past year has been better, since the industry has gained 12% in that time. As for the next few years, earnings are expected to grow by 11% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 05 Feb 2026US$1.5tUS$558.6bUS$67.6b20.4x22.8x2.8x
Sat, 03 Jan 2026US$1.5tUS$556.5bUS$68.6b19.6x22.2x2.7x
Mon, 01 Dec 2025US$1.6tUS$558.0bUS$68.7b20.7x23.4x2.9x
Wed, 29 Oct 2025US$1.6tUS$550.7bUS$64.0b21.7x25.5x3x
Fri, 26 Sep 2025US$1.5tUS$549.9bUS$63.6b20.8x24.2x2.8x
Sun, 24 Aug 2025US$1.5tUS$549.2bUS$63.7b20.9x23.8x2.8x
Tue, 22 Jul 2025US$1.5tUS$540.6bUS$63.8b21.4x23.2x2.7x
Thu, 19 Jun 2025US$1.4tUS$540.2bUS$64.0b20.4x22x2.6x
Sat, 17 May 2025US$1.4tUS$540.1bUS$64.0b20.9x22.2x2.6x
Mon, 14 Apr 2025US$1.3tUS$526.8bUS$63.6b20.4x21.1x2.5x
Wed, 12 Mar 2025US$1.4tUS$526.8bUS$63.1b19.8x21.5x2.6x
Fri, 07 Feb 2025US$1.4tUS$523.9bUS$60.8b20.2x22.5x2.6x
Sun, 05 Jan 2025US$1.3tUS$523.4bUS$59.9b20.2x22.4x2.6x
Tue, 03 Dec 2024US$1.4tUS$533.3bUS$61.2b21x23.7x2.7x
Thu, 31 Oct 2024US$1.4tUS$524.3bUS$61.8b19.5x22.4x2.6x
Sat, 28 Sep 2024US$1.4tUS$522.9bUS$60.5b20x22.9x2.7x
Mon, 26 Aug 2024US$1.3tUS$522.9bUS$60.5b19.4x21.7x2.5x
Wed, 24 Jul 2024US$1.2tUS$517.6bUS$60.4b19.1x20.5x2.4x
Fri, 21 Jun 2024US$1.2tUS$517.6bUS$60.4b18x19.8x2.3x
Sun, 19 May 2024US$1.3tUS$518.1bUS$60.4b18.7x20.8x2.4x
Tue, 16 Apr 2024US$1.1tUS$528.1bUS$57.4b18.1x19.6x2.1x
Thu, 14 Mar 2024US$1.1tUS$526.3bUS$57.9b17.9x19.1x2.1x
Sat, 10 Feb 2024US$1.1tUS$539.4bUS$54.2b17.7x19.5x2x
Mon, 08 Jan 2024US$1.1tUS$543.9bUS$53.5b19.6x21.2x2.1x
Wed, 06 Dec 2023US$1.1tUS$543.9bUS$53.5b19.1x20.6x2x
Fri, 03 Nov 2023US$1.0tUS$548.3bUS$52.2b19.3x20.1x1.9x
Sun, 01 Oct 2023US$1.0tUS$554.7bUS$51.7b18.7x19.9x1.9x
Tue, 29 Aug 2023US$1.1tUS$549.7bUS$50.8b19.9x21.7x2x
Thu, 27 Jul 2023US$1.2tUS$553.8bUS$47.0b21.5x25.4x2.2x
Sat, 24 Jun 2023US$1.1tUS$551.9bUS$45.7b20x24.8x2.1x
Mon, 22 May 2023US$1.1tUS$549.1bUS$46.5b20.3x24.6x2.1x
Wed, 19 Apr 2023US$1.2tUS$531.9bUS$45.0b21.4x26.5x2.2x
Fri, 17 Mar 2023US$1.2tUS$532.0bUS$45.0b21x25.9x2.2x
Sun, 12 Feb 2023US$1.2tUS$537.9bUS$49.1b20.9x23.8x2.2x
Price to Earnings Ratio

23.8x


Total Market Cap: US$1.2tTotal Earnings: US$49.1bTotal Revenue: US$537.9bTotal 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 2.8x.
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-1.35%
Utilities-0.43%
Gas Utilities0.96%
Other Utilities0.73%
Electric Utilities-0.58%
Renewable Energy-2.77%
Water Utilities-3.18%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 61.5x.
    • 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 Gas Utilities industry, which is trading below its 3-year average of 30.5x.
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 8.6% 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
NEE NextEra EnergyUS$88.821.9%
+US$3.5b		27.1%PE27.1x
NRG NRG EnergyUS$152.18-2.5%
US$2.8b		49.7%PE23.8x
SO SouthernUS$90.131.5%
+US$1.4b		8.3%PE22.3x
DUK Duke EnergyUS$121.671.1%
+US$1.1b		8.2%PE19.2x
AES AESUS$16.097.8%
+US$833.2m		51.6%PE10.6x

Latest News

NRG
US$152.18
NRG Energy
7D
-2.5%
1Y
49.7%
AES
US$16.09
AES
7D
7.8%
1Y
51.6%
EXC
US$44.01
Exelon
7D
-1.8%
1Y
8.6%
PPL
US$35.50
PPL
7D
-3.3%
1Y
5.6%
AWK
US$125.89
American Water Works Company
7D
-3.6%
1Y
1.6%
VST
US$153.00
Vistra
7D
-6.9%
1Y
-9.1%

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$90.13
Southern
7D
1.5%
1Y
8.3%
ED
US$107.45
Consolidated Edison
7D
2.0%
1Y
13.2%

Consolidated Edison (NYSE:ED) Will Pay A Larger Dividend Than Last Year At $0.8875

Jan 31
Consolidated Edison (NYSE:ED) Will Pay A Larger Dividend Than Last Year At $0.8875
ES
US$68.54
Eversource Energy
7D
-3.0%
1Y
18.1%
NEE
US$88.82
NextEra Energy
7D
1.9%
1Y
27.1%
AEP
US$120.67
American Electric Power Company
7D
1.0%
1Y
23.3%

AEP: Data Center Demand And Grid Plan Will Test Premium Valuation

Analysts have slightly raised their price targets on American Electric Power Company by a few dollars, citing updated assumptions around revenue growth, profit margins, and future P/E multiples. They generally view the shares as fairly valued, with execution and regulatory progress identified as key drivers.
WEC
US$112.26
WEC Energy Group
7D
1.7%
1Y
13.1%

WEC: Premium Position Will Depend On Dividend Path And Equity Issuance Execution

Analysts have modestly reduced their price expectations for WEC Energy Group, trimming the fair value estimate by about US$0.88 to US$120.21. This change reflects a balance between slightly higher revenue growth assumptions and marginally lower profit margin and future P/E inputs following recent mixed target moves from major banks.
TLN
US$341.42
Talen Energy
7D
-5.0%
1Y
45.6%

TLN: Caithness Deal And PJM Power Prices Will Reshape Earnings Power

Analysts have nudged their price targets on Talen Energy higher by around $6 per share, citing modestly stronger revenue growth and profit margins, along with slightly adjusted discount rate and P/E assumptions based on recent research updates from major firms. Analyst Commentary Recent Street research on Talen Energy has leaned positive, with several bullish analysts adjusting their valuation work and lifting price targets.
CEG
US$268.45
Constellation Energy
7D
-6.8%
1Y
-14.5%
DUK
US$121.67
Duke Energy
7D
1.1%
1Y
8.2%

DUK: Regulatory Progress And Battery Projects Will Support Future Upside

Narrative Update The updated analyst price target for Duke Energy edges slightly lower to about $135 per share, reflecting analysts' mixed revisions across recent research. Some emphasize improved regulatory footing and balance sheet progress, while others temper expectations using modestly lower P/E assumptions and profitability estimates.
OKLO
US$78.00
Oklo
7D
-8.5%
1Y
66.3%