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U.S. Utilities Sector Analysis

UpdatedJun 11, 2026
DataAggregated Company Financials
Companies116
  • 7D0.02%
  • 3M-5.1%
  • 1Y8.5%
  • YTD0.5%

The Utilities is pretty flat in the last 7 days, but Southern has stood out, gaining 3.9%. As for the the longer term, the industry is up 11% over the past 12 months. Earnings are forecast to grow by 13% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 11 Jun 2026US$1.6tUS$587.1bUS$69.1b21.2x23.1x2.7x
Sat, 09 May 2026US$1.6tUS$582.7bUS$67.8b21.3x24.2x2.8x
Mon, 06 Apr 2026US$1.7tUS$568.0bUS$67.5b21.8x24.8x2.9x
Wed, 04 Mar 2026US$1.7tUS$567.9bUS$67.3b22.3x25.3x3x
Fri, 30 Jan 2026US$1.6tUS$558.5bUS$69.1b20.5x22.6x2.8x
Sun, 28 Dec 2025US$1.5tUS$556.5bUS$68.5b19.4x22.2x2.7x
Tue, 25 Nov 2025US$1.6tUS$558.0bUS$68.7b20.4x22.8x2.8x
Thu, 23 Oct 2025US$1.6tUS$549.9bUS$63.6b21.8x25.4x2.9x
Sat, 20 Sep 2025US$1.5tUS$549.9bUS$63.6b20.3x23.6x2.7x
Mon, 18 Aug 2025US$1.5tUS$549.2bUS$63.7b20.5x23.7x2.7x
Wed, 16 Jul 2025US$1.5tUS$540.7bUS$63.8b20.8x22.9x2.7x
Fri, 13 Jun 2025US$1.4tUS$540.1bUS$64.0b20.8x22.2x2.6x
Sun, 11 May 2025US$1.4tUS$538.9bUS$63.6b20.7x22.2x2.6x
Tue, 08 Apr 2025US$1.3tUS$526.8bUS$63.6b19.6x20.6x2.5x
Thu, 06 Mar 2025US$1.4tUS$526.8bUS$63.1b19.9x21.6x2.6x
Sat, 01 Feb 2025US$1.4tUS$527.0bUS$60.4b20x22.6x2.6x
Mon, 30 Dec 2024US$1.3tUS$523.4bUS$60.0b20x22x2.5x
Wed, 27 Nov 2024US$1.4tUS$533.3bUS$61.2b21.4x23.3x2.7x
Fri, 25 Oct 2024US$1.4tUS$523.4bUS$61.4b19.8x23.2x2.7x
Sun, 22 Sep 2024US$1.4tUS$522.9bUS$60.5b20x22.9x2.7x
Tue, 20 Aug 2024US$1.3tUS$522.9bUS$60.6b19.4x21.5x2.5x
Thu, 18 Jul 2024US$1.2tUS$517.6bUS$60.4b19.2x20.4x2.4x
Sat, 15 Jun 2024US$1.2tUS$518.0bUS$60.4b18x20.1x2.3x
Mon, 13 May 2024US$1.2tUS$518.4bUS$60.2b18.7x20.7x2.4x
Wed, 10 Apr 2024US$1.2tUS$528.1bUS$57.4b18.7x20.1x2.2x
Fri, 08 Mar 2024US$1.1tUS$526.3bUS$57.9b17.9x19.2x2.1x
Sun, 04 Feb 2024US$1.1tUS$544.3bUS$53.5b18.6x20.2x2x
Tue, 02 Jan 2024US$1.1tUS$543.9bUS$53.5b19.4x20.9x2.1x
Thu, 30 Nov 2023US$1.1tUS$543.9bUS$53.5b18.7x20.4x2x
Sat, 28 Oct 2023US$1.0tUS$549.9bUS$50.2b18.9x20.3x1.9x
Mon, 25 Sep 2023US$1.1tUS$549.8bUS$50.8b19.7x21.7x2x
Wed, 23 Aug 2023US$1.1tUS$549.3bUS$49.6b20.1x22.1x2x
Fri, 21 Jul 2023US$1.2tUS$551.7bUS$45.7b21.3x25.8x2.1x
Sun, 18 Jun 2023US$1.2tUS$551.4bUS$46.6b20.7x25x2.1x
Price to Earnings Ratio

25x


Total Market Cap: US$1.2tTotal Earnings: US$46.6bTotal Revenue: US$551.4bTotal 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 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 15% per year over the last three years.
  • Revenues for these companies have grown 2.6% 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-4.05%
Utilities0.016%
Other Utilities2.45%
Water Utilities2.04%
Gas Utilities0.98%
Electric Utilities0.044%
Renewable Energy-8.62%
Industry PE
  • Investors are most optimistic about the Electric Utilities industry, which is trading close to its 3-year average PE ratio of 21.6x.
    • Analysts are expecting annual earnings growth of 11.6%, which is higher than its past year's earnings growth of 8.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 27% over the next 5 years.
  • This is better than its past earnings decline of 3.3% per year.
  • In contrast, the Gas Utilities industry is expected to see its earnings grow by 9.8% 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
SO SouthernUS$94.023.9%
+US$4.0b		5.0%PE24.3x
DUK Duke EnergyUS$125.043.3%
+US$3.1b		7.5%PE19.3x
ED Consolidated EdisonUS$107.604.0%
+US$1.5b		4.9%PE18.4x
WEC WEC Energy GroupUS$114.013.6%
+US$1.3b		8.0%PE22.7x
AEP American Electric Power CompanyUS$128.531.8%
+US$1.2b		26.1%PE19.1x

Latest News

NEE
US$85.12
NextEra Energy
7D
0.6%
1Y
16.6%
NRG
US$120.65
NRG Energy
7D
-9.8%
1Y
-19.1%
FRVO
US$33.07
Fervo Energy
7D
-17.3%
1Y
n/a
OKLO
US$54.02
Oklo
7D
-17.2%
1Y
-20.6%
SO
US$94.02
Southern
7D
3.9%
1Y
5.0%
ORA
US$136.69
Ormat Technologies
7D
-5.8%
1Y
71.5%
DUK
US$125.04
Duke Energy
7D
3.3%
1Y
7.5%
VST
US$138.54
Vistra
7D
-9.9%
1Y
-16.9%
Narrative Update • Jun 09

VST: Long-Term AI Data Center Contracts Will Reshape Future Power Pricing

Vistra's updated analyst price target moves to $225.29. This reflects analysts' use of slightly lower fair value, revenue growth, profit margin, and P/E assumptions, while keeping the discount rate broadly in line.
CEG
US$242.30
Constellation Energy
7D
-9.3%
1Y
-17.1%
CMS
US$73.46
CMS Energy
7D
4.6%
1Y
4.9%
Seeking Alpha • Jun 08

CMS Energy: An Undervalued Energy Holding Company For Long-Term Dividend Growth Investors

Summary CMS Energy is an American energy holding company. Founded in 1886, CMS is now a $22 billion (by market cap) energy player employing more than 8,000 people. CMS has increased its dividend for 20 consecutive years. Its 10-year dividend growth rate of 6.5% is very solid for a power utility. CMS has a fairly standard financial position for a power utility. Its long-term debt/equity ratio is 1.8, while the interest coverage ratio is over 2. The P/E ratio has compressed to 19.5. That compares favorably to its own five-year average of 21.8. Read the full article on Seeking Alpha
D
US$66.77
Dominion Energy
7D
2.0%
1Y
20.2%
AEP
US$128.53
American Electric Power Company
7D
1.8%
1Y
26.1%
Narrative Update • Jun 05

AEP: Data Center Driven Capital Plan And PJM Tensions Will Shape Returns

Analysts now see slightly higher long term value for American Electric Power, with the modeled fair value edging up from about $144.29 to $144.52. This reflects updated assumptions around data center driven revenue growth, modest adjustments to profit margin expectations, and a small reset in future P/E targets amid mixed but generally constructive price target revisions across the Street.
WEC
US$114.01
WEC Energy Group
7D
3.6%
1Y
8.0%
TLN
US$336.59
Talen Energy
7D
-11.3%
1Y
22.5%
Narrative Update • Jun 03

TLN: Refinancing And Nuclear Projects Will Shape A Cautious Balanced Outlook

Analysts have raised the Talen Energy price target by $1 to $499, citing updated utility sector models and revised views following recent quarterly results and broader coverage changes. Analyst Commentary Recent research on Talen Energy shows a mix of optimism and caution, with several firms adjusting price targets around updated sector models, new coverage and reactions to quarterly results.
BEPC
US$37.49
Brookfield Renewable
7D
-2.8%
1Y
17.4%
ED
US$107.60
Consolidated Edison
7D
4.0%
1Y
4.9%