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U.S. Utilities Sector Analysis

UpdatedApr 02, 2026
DataAggregated Company Financials
Companies110
  • 7D1.7%
  • 3M7.0%
  • 1Y16.3%
  • YTD5.6%

The Utilities industry is up 1.7% in the last week, with Entergy up 11%. Meanwhile, Constellation Energy actually underperformed within the industry, shrinking 7.9% in the last week. This means that the industry has gained 16% over the past year. Earnings are forecast to grow by 12% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 03 Apr 2026US$1.7tUS$567.9bUS$67.5b21.6x24.5x2.9x
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
Mon, 10 Apr 2023US$1.2tUS$531.9bUS$45.0b21.7x26.9x2.3x
Price to Earnings Ratio

26.9x


Total Market Cap: US$1.2tTotal Earnings: US$45.0bTotal Revenue: US$531.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Utilities Sector Price to Earnings3Y Average 22.3x202420252026
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 22.3x.
  • The 3-year average PS ratio of 2.4x 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 14% per year over the last three years.
  • Revenues for these companies have grown 2.2% 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-0.32%
Utilities1.67%
Other Utilities2.41%
Water Utilities2.19%
Electric Utilities1.41%
Gas Utilities1.36%
Renewable Energy1.27%
Industry PE
  • Investors are most optimistic about the Other Utilities industry which is trading above its 3-year average PE ratio of 20.1x.
    • Analysts are expecting annual earnings growth of 11.5%, which is higher than its past year's earnings growth of 6.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 28% over the next 5 years.
  • This is better than its past earnings decline of 44% per year.
  • In contrast, the Water Utilities industry is expected to see its earnings grow by 9.1% 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
ETR EntergyUS$114.9011.7%
+US$6.0b		35.1%PE29.9x
NEE NextEra EnergyUS$93.152.2%
+US$4.1b		29.1%PE28.4x
SRE SempraUS$99.203.8%
+US$2.4b		40.3%PE36.1x
SO SouthernUS$97.452.1%
+US$2.3b		5.3%PE25.1x
DUK Duke EnergyUS$132.222.2%
+US$2.2b		6.6%PE21x

Latest News

XEL
US$80.74
Xcel Energy
7D
3.6%
1Y
11.9%
VST
US$151.18
Vistra
7D
-0.7%
1Y
39.7%
AEP
US$132.68
American Electric Power Company
7D
3.0%
1Y
21.6%
ETR
US$114.90
Entergy
7D
11.7%
1Y
35.1%
CEG
US$272.82
Constellation Energy
7D
-7.6%
1Y
43.4%

CEG: PJM Contracting Acceleration Through 2026 Will Drive Bullish Outlook

Analysts now set a revised fair value estimate of $330.00 for Constellation Energy, up from $296.83. This reflects updated views on longer term earnings power, slightly higher assumed profit margins, and a richer future P/E multiple, despite more cautious revenue growth assumptions and a recent mix of target cuts and reaffirmed optimism across Street research.
SRE
US$99.20
Sempra
7D
3.8%
1Y
40.3%
MNTK
US$1.14
Montauk Renewables
7D
-8.8%
1Y
-40.2%

MNTK: 2026 Guidance Will Offset Margin And Leverage Concerns For Undervalued Shares

Analysts trimmed their price targets on Montauk Renewables by $0.50 at Clear Street to $3.50 and by $1.50 at B. Riley, citing mixed Q4 results, pressure on EBITDA margins, higher working capital related cash burn, and lower historical trading multiples, along with higher debt leverage from CapEx despite upbeat 2026 guidance.
DUK
US$132.22
Duke Energy
7D
2.2%
1Y
6.6%
NEE
US$93.15
NextEra Energy
7D
2.2%
1Y
29.1%
SO
US$97.45
Southern
7D
2.1%
1Y
5.3%
D
US$62.77
Dominion Energy
7D
3.1%
1Y
11.6%

D: Offshore Wind Progress And EPS Guidance Will Support Steady Long-Term Returns

Analysts have inched their price target on Dominion Energy higher to $65.63 from $65.25, citing updated assumptions for revenue growth, profit margin, discount rate and future P/E that slightly adjust the stock's valuation outlook. What's in the News Issued 2026 operating earnings guidance of $3.45 to $3.69 per share, with a midpoint of $3.57 per share that includes $0.07 per share of RNG 45Z income (company guidance).
OKLO
US$48.13
Oklo
7D
-7.1%
1Y
119.9%

Advanced Nuclear Policy And Fuel Progress Will Support Long-Term Clean Power And Isotope Demand

Catalysts About Oklo Oklo develops and deploys advanced nuclear reactors, fuel cycle capabilities and radioisotope facilities through an integrated power, fuel and isotopes platform. What are the underlying business or industry changes driving this perspective?
NFG
US$94.44
National Fuel Gas
7D
-0.3%
1Y
19.8%
HNRG
US$15.83
Hallador Energy
7D
-13.9%
1Y
41.1%
VIVO
US$2.10
VivoPower
7D
-21.6%
1Y
-43.7%
CDZI
US$4.93
Cadiz
7D
-2.6%
1Y
84.6%