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U.S. Utilities Sector Analysis

UpdatedMar 29, 2024
DataAggregated Company Financials
Companies119
  • 7D2.9%
  • 3M3.7%
  • 1Y-3.0%
  • YTD2.5%

In the last week, the Utilities industry is up 2.9%, with NextEra Energy up 4.2%. However, the industry is down 3.0% over the past year. As for the next few years, earnings are expected to grow by 9.2% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 29 Mar 2024US$1.2tUS$528.3bUS$57.3b18.5x20.6x2.2x
Sun, 25 Feb 2024US$1.1tUS$534.3bUS$54.4b17.6x19.9x2x
Tue, 23 Jan 2024US$1.1tUS$543.9bUS$53.5b18x20x2x
Thu, 21 Dec 2023US$1.1tUS$543.9bUS$53.5b18.9x21x2.1x
Sat, 18 Nov 2023US$1.1tUS$545.0bUS$53.3b18.8x20.3x2x
Mon, 16 Oct 2023US$1.0tUS$554.7bUS$51.7b19x20.3x1.9x
Wed, 13 Sep 2023US$1.1tUS$549.8bUS$50.8b20.1x21.7x2x
Fri, 11 Aug 2023US$1.1tUS$548.7bUS$49.5b20.9x22.7x2x
Sun, 09 Jul 2023US$1.1tUS$551.7bUS$45.7b20.4x24.9x2.1x
Tue, 06 Jun 2023US$1.1tUS$549.1bUS$46.5b20x24.3x2.1x
Thu, 04 May 2023US$1.2tUS$539.2bUS$48.3b21.3x24.4x2.2x
Sat, 01 Apr 2023US$1.2tUS$532.0bUS$45.1b20.9x26.1x2.2x
Mon, 27 Feb 2023US$1.2tUS$531.2bUS$46.9b20.6x24.6x2.2x
Wed, 25 Jan 2023US$1.2tUS$531.4bUS$50.1b21x24x2.3x
Fri, 23 Dec 2022US$1.2tUS$531.4bUS$50.1b20.9x24.2x2.3x
Sun, 20 Nov 2022US$1.2tUS$530.8bUS$50.4b20.9x23.5x2.2x
Tue, 18 Oct 2022US$1.1tUS$505.2bUS$45.1b19x23.7x2.1x
Thu, 15 Sep 2022US$1.4tUS$505.3bUS$45.1b22.4x30.2x2.7x
Sat, 13 Aug 2022US$1.3tUS$505.2bUS$45.1b23.2x29.3x2.6x
Mon, 11 Jul 2022US$1.2tUS$484.2bUS$43.7b22.4x27.5x2.5x
Wed, 08 Jun 2022US$1.3tUS$484.2bUS$43.7b24.3x29.5x2.7x
Fri, 06 May 2022US$1.2tUS$479.4bUS$38.7b24.1x31.9x2.6x
Sun, 03 Apr 2022US$1.3tUS$472.6bUS$40.6b24.8x31.9x2.7x
Tue, 01 Mar 2022US$1.2tUS$480.2bUS$41.5b22.4x28.5x2.5x
Thu, 27 Jan 2022US$1.2tUS$461.9bUS$39.0b23x29.9x2.5x
Sat, 25 Dec 2021US$1.2tUS$443.4bUS$39.3b22.9x31x2.8x
Mon, 22 Nov 2021US$1.2tUS$443.3bUS$39.3b22.3x30x2.7x
Wed, 20 Oct 2021US$1.1tUS$429.8bUS$42.1b21.4x27.2x2.7x
Fri, 17 Sep 2021US$1.2tUS$429.8bUS$42.1b22x27.4x2.7x
Sun, 15 Aug 2021US$1.2tUS$430.0bUS$42.1b22.1x27.8x2.7x
Thu, 10 Jun 2021US$1.1tUS$418.5bUS$40.8b22.5x27.2x2.7x
Price to Earnings Ratio

26.9x


Total Market Cap: US$1.1tTotal Earnings: US$40.8bTotal Revenue: US$418.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Utilities Sector Price to Earnings3Y Average 25.8x202220232024
Current Industry PE
  • Investors are pessimistic on the American Utilities industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 20.6x which is lower than its 3-year average PE of 25.8x.
  • The industry is trading close to its 3-year average PS ratio of 2.4x.
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 8.1% 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 Market0.17%
Utilities2.92%
Renewable Energy4.93%
Electric Utilities2.90%
Other Utilities2.76%
Gas Utilities2.40%
Water Utilities2.30%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry even though it's trading below its 3-year average PE ratio of 407x.
    • Analysts are expecting annual earnings growth of 17.0%, which is higher than its past year's earnings decline of 42.8% per year.
  • Investors are most pessimistic about the Other Utilities industry, which is trading below its 3-year average of 25.0x.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 17% over the next 5 years.
  • This is better than its past earnings decline of 43% per year.
  • In contrast, the Electric Utilities industry is expected to see its earnings grow by 8.5% 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
NEE NextEra EnergyUS$63.914.2%
+US$5.2b
-16.6%PE17.9x
CEG Constellation EnergyUS$184.856.2%
+US$3.4b
140.6%PE36.1x
SO SouthernUS$71.742.6%
+US$2.0b
3.9%PE19.7x
AEP American Electric Power CompanyUS$86.103.6%
+US$1.6b
-4.8%PE20.5x
AES AESUS$17.9313.8%
+US$1.5b
-23.9%PE52.7x
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