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U.S. Utilities Sector Analysis

UpdatedAug 27, 2026
DataAggregated Company Financials
Companies115
  • 7D-1.2%
  • 3M-3.4%
  • 1Y1.8%
  • YTD-0.7%

Over the last 7 days, the Utilities industry has dropped 1.2%, driven by declines in NextEra Energy and Southern of 1.8% and 2.6%, respectively. Over the last year, the industry has been flat overall. Looking forward, earnings are forecast to grow by 10% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 28 Aug 2026US$1.6tUS$595.4bUS$72.0b20.8x21.8x2.6x
Sun, 26 Jul 2026US$1.7tUS$587.9bUS$70.3b22.1x23.8x2.9x
Tue, 23 Jun 2026US$1.6tUS$587.1bUS$69.1b21.3x23.5x2.8x
Thu, 21 May 2026US$1.6tUS$597.7bUS$70.2b21.3x23x2.7x
Sat, 18 Apr 2026US$1.7tUS$568.0bUS$67.5b21.9x24.9x3x
Mon, 16 Mar 2026US$1.7tUS$567.9bUS$67.6b21.8x24.9x3x
Wed, 11 Feb 2026US$1.6tUS$560.9bUS$67.7b20.9x23.2x2.8x
Fri, 09 Jan 2026US$1.5tUS$556.5bUS$68.6b19.6x21.8x2.7x
Sun, 07 Dec 2025US$1.5tUS$558.0bUS$68.7b19.7x22.4x2.8x
Tue, 04 Nov 2025US$1.6tUS$556.4bUS$65.1b21.2x24.4x2.9x
Thu, 02 Oct 2025US$1.6tUS$549.9bUS$63.6b21x24.5x2.8x
Sat, 30 Aug 2025US$1.5tUS$549.2bUS$63.7b20.6x23.5x2.7x
Mon, 28 Jul 2025US$1.5tUS$541.4bUS$64.2b21.6x23.2x2.8x
Wed, 25 Jun 2025US$1.4tUS$540.2bUS$64.0b20.6x22.5x2.7x
Fri, 23 May 2025US$1.4tUS$540.1bUS$64.0b20.7x22.2x2.6x
Sun, 20 Apr 2025US$1.4tUS$526.6bUS$63.6b20.8x21.5x2.6x
Tue, 18 Mar 2025US$1.4tUS$526.8bUS$63.1b20.5x21.8x2.6x
Thu, 13 Feb 2025US$1.4tUS$524.3bUS$61.9b20.5x22.3x2.6x
Sat, 11 Jan 2025US$1.3tUS$528.1bUS$58.6b19.2x22.6x2.5x
Mon, 09 Dec 2024US$1.4tUS$533.3bUS$61.2b20.7x22.8x2.6x
Wed, 06 Nov 2024US$1.4tUS$530.4bUS$63.3b20x21.4x2.6x
Fri, 04 Oct 2024US$1.4tUS$522.9bUS$60.5b19.8x23.4x2.7x
Sun, 01 Sep 2024US$1.3tUS$522.9bUS$60.5b19.5x21.9x2.5x
Tue, 30 Jul 2024US$1.3tUS$518.2bUS$59.8b19.4x20.9x2.4x
Thu, 27 Jun 2024US$1.2tUS$517.6bUS$60.4b17.9x20x2.3x
Sat, 25 May 2024US$1.2tUS$518.1bUS$60.4b18.1x20.4x2.4x
Mon, 22 Apr 2024US$1.1tUS$528.1bUS$57.4b18.7x19.9x2.2x
Wed, 20 Mar 2024US$1.1tUS$527.9bUS$57.4b18.2x19.5x2.1x
Fri, 16 Feb 2024US$1.1tUS$539.1bUS$53.2b18.2x19.9x2x
Sun, 14 Jan 2024US$1.1tUS$543.9bUS$53.5b19x20.8x2x
Tue, 12 Dec 2023US$1.1tUS$543.9bUS$53.5b19.1x20.7x2x
Thu, 09 Nov 2023US$1.1tUS$545.4bUS$53.1b18.6x20.1x2x
Sat, 07 Oct 2023US$1.0tUS$554.7bUS$51.7b18.7x19.7x1.8x
Mon, 04 Sep 2023US$1.1tUS$549.7bUS$50.8b19.7x21.4x2x
Price to Earnings Ratio

21.4x


Total Market Cap: US$1.1tTotal Earnings: US$50.8bTotal Revenue: US$549.7bTotal 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 industry is trading close to its 3-year average PS ratio of 2.5x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 12% per year over the last three years.
  • Revenues for these companies have grown 2.7% 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-0.42%
Utilities-1.25%
Water Utilities-0.49%
Gas Utilities-0.81%
Electric Utilities-1.14%
Other Utilities-1.22%
Renewable Energy-2.93%
Industry PE
  • Investors are most optimistic about the Water Utilities industry, which is trading close to its 3-year average PE ratio of 23.8x.
    • Analysts are expecting annual earnings growth of 9.6%, which is higher than its past year's earnings growth of 4.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 26% over the next 5 years.
  • However this is lower than its past earnings growth rate of 39% per year.
  • In contrast, the Other Utilities industry is expected to see its earnings grow by 5.0% 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$282.413.5%
+US$3.4b		-11.6%PE28.9x
VST VistraUS$139.810.6%
+US$292.0m		-28.9%PE23.2x
OKLO OkloUS$42.532.1%
+US$161.8m		-45.4%PS6538.3x
UGI UGIUS$38.230.9%
+US$72.9m		10.5%PE12.2x
HNRG Hallador EnergyUS$16.637.1%
+US$51.9m		1.5%PS1.7x

Latest News

SO
US$89.05
Southern
7D
-2.6%
1Y
-3.5%
EXC
US$43.96
Exelon
7D
-2.4%
1Y
0.5%
UGI
US$38.23
UGI
7D
0.9%
1Y
10.5%
Seeking Alpha • Aug 25

UGI: A KKR Buyout Is Needed To Save The Bull Case After Disappointing Results

Summary Previously, I believed UGI Corporation would re-rate back to $50/share, but with the recent earnings miss, I believe the timeline to that recovery will be longer. I no longer believe that the turnaround at AmeriGas is imminent and believe they could continue losing customers. Longer term, I still believe the company is undervalued, and a potential buyout in the $40s could realize this sooner. UGI CEO Bob Flexon has previously overseen business sales, and I believe the rumored offer from KKR is credible. Read the full article on Seeking Alpha
VST
US$139.81
Vistra
7D
0.6%
1Y
-28.9%
Seeking Alpha • Aug 25

Vistra: The Market Is Pricing The Power Shortage, But Not The Contracted Earnings Upgrade

Summary Vistra is evolving from a cyclical merchant generator to a diversified, contract-driven energy platform with improved earnings visibility. Long-term nuclear contracts with AWS and Meta, plus the Cogentrix acquisition, are expected to drive nearly half of VST's EBITDA and support capital investment. My base case targets $8.1B adjusted EBITDA and a 10.5% FCFbG yield, implying a value of ~$180/share and supporting a Buy rating. Risks include delayed load growth, operational execution, and valuation compression if earnings or contracted cash flows underperform expectations. Read the full article on Seeking Alpha
CEG
US$282.41
Constellation Energy
7D
3.5%
1Y
-11.6%
Seeking Alpha • Aug 25

Constellation Energy: The Scarcity Platform The Market Still Underestimates

Summary Constellation Energy leverages its unmatched nuclear and gas portfolio to monetize reliability, carbon-free attributes, and location, targeting premium long-term contracts. CEG’s recent Calpine acquisition enhances flexibility, enabling clean-and-firm power offerings and positioning the company as a scarcity platform amid surging data center demand. Management raised 2026 adjusted EPS guidance to $11.50–$12.50, citing commercial outperformance, portfolio optimization, and accretive share repurchases as key drivers. Despite a premium valuation (22.7x 2026 EPS), I rate CEG a Buy, seeing underappreciated upside from premium contracts, Crane restart, and commercial margin expansion. Read the full article on Seeking Alpha
OKLO
US$42.53
Oklo
7D
2.1%
1Y
-45.4%
Seeking Alpha • Aug 25

Oklo: The Nuclear Renaissance Could Leave A Trail Of Busted SMR Companies

Summary Oklo faces capped near-term upside amid data center moratoriums that could dampen investor perception of the surge of energy needed for the AI industrial revolution. There was $1.65 billion in cash as of the end of the second quarter, against a $48.5 million net loss and negative free cash flow of $73.3 million. Oklo trades at a $7.83 billion market cap, with short interest at 17% and insiders selling over 38 million shares over the last 12 months. Read the full article on Seeking Alpha
XEL
US$77.16
Xcel Energy
7D
-2.0%
1Y
6.7%
Seeking Alpha • Aug 25

Xcel Energy: Punching Above Its Weight As Stable Income Play

Summary Xcel Energy is well positioned for AI-driven energy demand, underpinned by stable revenues, strong EBIT growth, and a robust capital plan. XEL's aggressive CapEx aims to grow its rate base to $94 billion by 2030, supporting higher allowed ROE and long-term earnings visibility. Recent nuclear life extensions and major clean energy contracts, notably with Alphabet, enhance XEL’s role as a key data center energy supplier. I rate XEL a buy, citing high-growth prospects, regulated earnings stability, and a forward yield of 3.11%. Read the full article on Seeking Alpha
SRE
US$84.75
Sempra
7D
-3.0%
1Y
4.1%
DUK
US$120.84
Duke Energy
7D
-1.5%
1Y
-1.3%
NEE
US$83.47
NextEra Energy
7D
-1.8%
1Y
15.8%
WTRG
US$40.55
Essential Utilities
7D
0.3%
1Y
2.2%
D
US$66.50
Dominion Energy
7D
-1.4%
1Y
11.2%
CDZI
US$4.03
Cadiz
7D
17.8%
1Y
10.1%
HNRG
US$16.63
Hallador Energy
7D
7.1%
1Y
1.5%
NWE
US$71.01
NorthWestern Energy Group
7D
0.3%
1Y
23.5%
AEP
US$122.71
American Electric Power Company
7D
-2.4%
1Y
9.8%