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U.S. Utilities Sector Analysis

UpdatedMay 02, 2025
DataAggregated Company Financials
Companies116
  • 7D0.8%
  • 3M1.9%
  • 1Y16.1%
  • YTD4.0%

Over the last 7 days, the Utilities industry has remained flat, although notably Constellation Energy gained 10%. The past year has been better, since the industry has gained 16% in that time. Looking forward, earnings are forecast to grow by 9.3% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 02 May 2025US$1.4tUS$529.6bUS$64.4b21.1x21.6x2.6x
Sun, 30 Mar 2025US$1.4tUS$526.8bUS$63.5b20.9x21.6x2.6x
Tue, 25 Feb 2025US$1.4tUS$525.5bUS$62.1b20.6x22.5x2.7x
Thu, 23 Jan 2025US$1.4tUS$528.1bUS$58.6b19.7x23.8x2.6x
Sat, 21 Dec 2024US$1.3tUS$532.1bUS$61.1b19.8x21.4x2.5x
Mon, 18 Nov 2024US$1.4tUS$533.4bUS$61.6b20.5x22.5x2.6x
Wed, 16 Oct 2024US$1.4tUS$522.9bUS$60.5b20x23.2x2.7x
Fri, 13 Sep 2024US$1.3tUS$522.9bUS$60.5b19.7x22.1x2.6x
Sun, 11 Aug 2024US$1.3tUS$522.9bUS$60.7b19.4x21.2x2.5x
Tue, 09 Jul 2024US$1.2tUS$517.6bUS$60.4b17.9x19.8x2.3x
Thu, 06 Jun 2024US$1.2tUS$518.1bUS$60.4b18.1x20.6x2.4x
Sat, 04 May 2024US$1.2tUS$524.8bUS$58.2b18.8x20.4x2.3x
Mon, 01 Apr 2024US$1.2tUS$561.5bUS$56.9b18.5x20.9x2.1x
Wed, 28 Feb 2024US$1.1tUS$532.1bUS$55.9b17.6x19x2x
Fri, 26 Jan 2024US$1.1tUS$544.0bUS$53.2b18.2x19.9x1.9x
Sun, 24 Dec 2023US$1.1tUS$543.9bUS$53.5b19.2x20.7x2x
Tue, 21 Nov 2023US$1.1tUS$544.3bUS$53.4b18.8x20.3x2x
Thu, 19 Oct 2023US$1.0tUS$549.7bUS$50.8b18.9x20.2x1.9x
Sat, 16 Sep 2023US$1.1tUS$549.8bUS$50.8b20.3x21.9x2x
Mon, 14 Aug 2023US$1.1tUS$549.3bUS$49.6b20.9x22.7x2.1x
Wed, 12 Jul 2023US$1.1tUS$551.7bUS$45.7b20.5x25.1x2.1x
Fri, 09 Jun 2023US$1.2tUS$549.4bUS$46.6b20.5x24.8x2.1x
Sun, 07 May 2023US$1.2tUS$546.9bUS$45.5b20.9x26.2x2.2x
Tue, 04 Apr 2023US$1.2tUS$532.0bUS$45.1b20.8x25.9x2.2x
Thu, 02 Mar 2023US$1.1tUS$532.0bUS$45.2b19.8x24.5x2.1x
Sat, 28 Jan 2023US$1.2tUS$533.3bUS$50.5b21.2x23.6x2.2x
Mon, 26 Dec 2022US$1.2tUS$531.4bUS$50.1b21.2x24.4x2.3x
Wed, 23 Nov 2022US$1.2tUS$531.3bUS$50.1b21.3x24x2.3x
Fri, 21 Oct 2022US$1.1tUS$505.2bUS$45.1b18.8x23.8x2.1x
Sun, 18 Sep 2022US$1.3tUS$505.2bUS$45.1b22x29.4x2.6x
Tue, 16 Aug 2022US$1.3tUS$505.2bUS$45.1b24.1x29.2x2.6x
Thu, 14 Jul 2022US$1.2tUS$484.2bUS$43.7b22.8x27.4x2.5x
Sat, 11 Jun 2022US$1.2tUS$484.2bUS$43.7b23.2x28.1x2.5x
Mon, 09 May 2022US$1.2tUS$481.9bUS$42.9b23.7x29x2.6x
Price to Earnings Ratio

29x


Total Market Cap: US$1.2tTotal Earnings: US$42.9bTotal Revenue: US$481.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Utilities Sector Price to Earnings3Y Average 23.2x202320242025
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 23.2x.
  • The 3-year average PS ratio of 2.3x is lower than the industry's current PS ratio of 2.6x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 14% per year over the last three years.
  • Revenues for these companies have grown 3.1% 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 Market1.78%
Utilities0.83%
Renewable Energy5.84%
Electric Utilities0.76%
Water Utilities0.55%
Gas Utilities0.15%
Other Utilities0.025%
Industry PE
  • Investors are most optimistic about the Gas Utilities industry, which is trading close to its 3-year average PE ratio of 28.0x.
    • Analysts are expecting annual earnings growth of 15.1%, which is lower than the prior year's growth of 17.1% per year.
  • Investors are most pessimistic about the Renewable Energy industry, which is trading below its 3-year average of 433x.
Forecasted Growth
  • Analysts are most optimistic on the Gas Utilities industry, expecting annual earnings growth of 15% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Water Utilities industry is expected to see its earnings grow by 7.5% 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$240.6210.3%
+US$7.1b		29.2%PE20.1x
VST VistraUS$137.3010.5%
+US$4.4b		71.9%PE18.9x
NRG NRG EnergyUS$114.147.6%
+US$1.6b		51.9%PE21.4x
D Dominion EnergyUS$54.832.8%
+US$1.3b		7.2%PE25.3x
XEL Xcel EnergyUS$70.402.0%
+US$807.5m		29.8%PE21x
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Latest News

VST

US$137.30

Vistra

7D

10.5%

1Y

71.9%

DUK

US$121.33

Duke Energy

7D

0.5%

1Y

22.2%

PEG

US$78.66

Public Service Enterprise Group

7D

-3.7%

1Y

12.3%

D

US$54.83

Dominion Energy

7D

2.8%

1Y

7.2%

DTE

US$135.84

DTE Energy

7D

-0.8%

1Y

21.4%

EIX

US$54.56

Edison International

7D

-6.3%

1Y

-24.2%

CEG

US$240.62

Constellation Energy

7D

10.3%

1Y

29.2%

Constellation Energy: Too Expensive At Too High Risks

Apr 30

ETR

US$83.37

Entergy

7D

-1.9%

1Y

55.6%

PCG

US$16.67

PG&E

7D

-4.1%

1Y

-4.9%

PG&E: An Unpopular Utility Is Improving Its Portfolio

Apr 28

XEL

US$70.40

Xcel Energy

7D

2.0%

1Y

29.8%

Xcel Energy: Big Plans But At A Premium And Uncertainty Looms

Apr 28

NRG

US$114.14

NRG Energy

7D

7.6%

1Y

51.9%

CMS

US$72.97

CMS Energy

7D

-1.6%

1Y

19.1%

TLN

US$223.34

Talen Energy

7D

5.6%

1Y

120.6%

Talen Energy Benefits From Growing Power Demand

Apr 25

NI

US$38.96

NiSource

7D

-1.8%

1Y

36.7%

NiSource: Positioned To Capitalize On The Next Wave Of Energy Demand

Apr 25

NEE

US$66.05

NextEra Energy

7D

-0.5%

1Y

-4.1%

NextEra Energy Vs. XLU: Yield Spread Favors Buying NEE

Apr 24

ED

US$112.56

Consolidated Edison

7D

1.1%

1Y

18.2%