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U.S. Utilities Sector Analysis

UpdatedMay 06, 2026
DataAggregated Company Financials
Companies110
  • 7D0.09%
  • 3M6.9%
  • 1Y15.4%
  • YTD6.4%

Last week, the Utilities industry hasn't moved much but Constellation Energy is up 4.8% in that time. As for the the longer term, the industry is up 15% 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, 06 May 2026US$1.7tUS$574.3bUS$65.4b21.6x25.7x2.9x
Fri, 03 Apr 2026US$1.7tUS$567.9bUS$67.5b22.1x24.6x2.9x
Sun, 01 Mar 2026US$1.7tUS$568.2bUS$67.5b22.1x25.3x3x
Tue, 27 Jan 2026US$1.5tUS$556.5bUS$68.6b20.5x22.4x2.8x
Thu, 25 Dec 2025US$1.5tUS$556.5bUS$68.5b19.5x22.3x2.7x
Sat, 22 Nov 2025US$1.6tUS$558.0bUS$68.4b20.4x22.8x2.8x
Mon, 20 Oct 2025US$1.6tUS$549.9bUS$63.6b21.4x25.7x3x
Wed, 17 Sep 2025US$1.5tUS$549.9bUS$63.6b20.2x23.8x2.7x
Fri, 15 Aug 2025US$1.5tUS$549.2bUS$63.6b20.7x24x2.8x
Sun, 13 Jul 2025US$1.4tUS$540.7bUS$63.8b20.8x22.7x2.7x
Tue, 10 Jun 2025US$1.4tUS$540.1bUS$64.0b20.5x22.2x2.6x
Thu, 08 May 2025US$1.4tUS$537.8bUS$63.9b21.2x22.1x2.6x
Sat, 05 Apr 2025US$1.4tUS$526.8bUS$63.6b19.9x21.8x2.6x
Mon, 03 Mar 2025US$1.4tUS$527.4bUS$63.2b20.2x21.8x2.6x
Wed, 29 Jan 2025US$1.4tUS$526.7bUS$58.7b20x23x2.6x
Fri, 27 Dec 2024US$1.3tUS$523.4bUS$60.0b20.1x22.1x2.5x
Sun, 24 Nov 2024US$1.4tUS$533.3bUS$61.6b21.5x23.1x2.7x
Tue, 22 Oct 2024US$1.4tUS$522.9bUS$60.5b19.9x23.6x2.7x
Thu, 19 Sep 2024US$1.4tUS$522.9bUS$60.5b20x22.6x2.6x
Sat, 17 Aug 2024US$1.3tUS$522.9bUS$60.6b19.4x21.4x2.5x
Mon, 15 Jul 2024US$1.2tUS$517.6bUS$60.4b18.9x20.6x2.4x
Wed, 12 Jun 2024US$1.2tUS$518.0bUS$60.4b18x20.3x2.4x
Fri, 10 May 2024US$1.2tUS$518.6bUS$60.2b18.8x20.4x2.4x
Sun, 07 Apr 2024US$1.2tUS$561.5bUS$56.9b18.4x20.7x2.1x
Tue, 05 Mar 2024US$1.1tUS$528.4bUS$57.9b17.7x18.9x2.1x
Thu, 01 Feb 2024US$1.1tUS$544.0bUS$53.2b18.2x20.4x2x
Sat, 30 Dec 2023US$1.1tUS$543.9bUS$53.5b19.4x20.9x2.1x
Mon, 27 Nov 2023US$1.1tUS$543.9bUS$53.5b18.8x20.3x2x
Wed, 25 Oct 2023US$1.0tUS$549.7bUS$50.8b18.5x19.7x1.8x
Fri, 22 Sep 2023US$1.1tUS$549.8bUS$50.8b19.8x21.7x2x
Sun, 20 Aug 2023US$1.1tUS$549.3bUS$49.6b20.1x22.2x2x
Tue, 18 Jul 2023US$1.2tUS$551.7bUS$45.7b20.9x25.4x2.1x
Thu, 15 Jun 2023US$1.1tUS$551.3bUS$46.4b20.4x24.7x2.1x
Sat, 13 May 2023US$1.2tUS$549.0bUS$46.6b21.1x25.6x2.2x
Price to Earnings Ratio

25.6x


Total Market Cap: US$1.2tTotal Earnings: US$46.6bTotal Revenue: US$549.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Utilities Sector Price to Earnings3Y Average 22.3x202420252026
Current Industry PE
  • Investors are optimistic on the American Utilities industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 25.7x which is higher than its 3-year average PE of 22.3x.
  • The 3-year average PS ratio of 2.5x 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 12% 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 Market1.81%
Utilities0.085%
Electric Utilities0.65%
Other Utilities-0.26%
Renewable Energy-0.34%
Gas Utilities-1.59%
Water Utilities-4.83%
Industry PE
  • Investors are most optimistic about the Gas Utilities industry even though it's trading below its 3-year average PE ratio of 30.3x.
    • Analysts are expecting annual earnings growth of 9.3%, which is lower than the prior year's growth of 16.5% per year.
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 44% per year.
  • In contrast, the Gas Utilities industry is expected to see its earnings grow by 9.3% 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$320.424.8%
+US$5.3b		17.0%PE50.1x
ETR EntergyUS$117.363.7%
+US$1.9b		39.8%PE30.1x
SO SouthernUS$95.901.6%
+US$1.7b		5.1%PE24.8x
XEL Xcel EnergyUS$81.452.5%
+US$1.2b		14.6%PE24.3x
TLN Talen EnergyUS$384.906.6%
+US$1.1b		64.0%PS6.7x

Latest News

ETR
US$117.36
Entergy
7D
3.7%
1Y
39.8%
AEP
US$137.04
American Electric Power Company
7D
1.1%
1Y
27.6%
AWK
US$126.05
American Water Works Company
7D
-5.0%
1Y
-15.5%
XEL
US$81.45
Xcel Energy
7D
2.5%
1Y
14.6%
PPL
US$37.35
PPL
7D
-4.2%
1Y
3.4%

PPL Corporation: Careful Before Q1 Earnings

May 06
BEPC
US$36.69
Brookfield Renewable
7D
-8.8%
1Y
32.6%
DTE
US$143.50
DTE Energy
7D
-3.4%
1Y
4.2%
SO
US$95.90
Southern
7D
1.6%
1Y
5.1%
WTRG
US$37.49
Essential Utilities
7D
-5.4%
1Y
-9.4%
EXC
US$46.18
Exelon
7D
-1.8%
1Y
-0.2%

Exelon Q1 Earnings Preview : Attractive Utility With Good Data-Center Tailwinds

May 05
NRG
US$157.43
NRG Energy
7D
1.7%
1Y
34.5%
CEG
US$320.42
Constellation Energy
7D
4.8%
1Y
17.0%
TLN
US$384.90
Talen Energy
7D
6.6%
1Y
64.0%

TLN: Data Center Demand And Nuclear Transition Will Drive Future Upside

The updated analyst price target for Talen Energy rises by about $7 to reflect higher modeled fair value, slightly adjusted discount rate assumptions, and modestly stronger revenue growth and profit margin estimates, even as some recent Street research has moved individual targets both up and down. Analyst Commentary Recent Street research on Talen Energy shows a wide range of price target changes as analysts refresh their views on valuation, growth potential, and execution risks.
NFG
US$82.04
National Fuel Gas
7D
-8.0%
1Y
-0.05%
FE
US$45.88
FirstEnergy
7D
-7.5%
1Y
6.3%
SRE
US$94.37
Sempra
7D
1.6%
1Y
25.7%

SRE: Long Term EPS Guidance And Dividend Policy Will Shape Future Returns

Analysts have nudged their price target for Sempra higher to about $104 from roughly $103, reflecting updated assumptions around slightly different revenue growth, profit margin, and future P/E expectations. What's in the News Sempra issued new full-year 2027 earnings guidance, with EPS expected in a range of $5.10 to $5.70.