Utilities in 2026 are shaped by interest rates, grid investment, and power demand from electrification and data centers. These themes support long-term capital programs but raise financing questions.
Regulated power monopolies like NextEra, Southern Company, and Duke offer defensive yields and grids. This dashboard tracks valuation trends, equal-weight performance, and sector component data across all 100+ utility stocks.
Sector Market Cap
$1.53T
Tracks 132 stocks · top 50 by market cap
Median YTD Return
-3.7%
Screener universe · median stock return
Median P/E
19.7x
Screener stocks · excludes outliers
Median Dividend Yield
3.18%
Screener stocks · excludes zeros
Sector Screener
Scan the sector leaders, compare valuations and fundamentals, then open the full screener to refine your criteria.
| Ticker | Company | Price | Mkt Cap | P/E | ROE | Div Yield | |
|---|---|---|---|---|---|---|---|
| GE Vernova Inc. | $1028.94 | $274.04B | 58.2 | 42.7% | 0.1% | ||
| NextEra Energy, Inc. | $77.93 | $162.55B | 23.7 | 10.7% | 2.9% | ||
| Constellation Energy Corporation | $300.05 | $107.75B | 40.5 | 16.3% | 0.5% | ||
| The Southern Company | $85.51 | $96.4B | 21.8 | 11.5% | 3.2% | ||
| Duke Energy Corporation | $115.74 | $90.23B | 18.3 | 9.5% | 3.7% | ||
| National Grid plc | $76.81 | $76.44B | 17.6 | 8.5% | 2.9% | ||
| American Electric Power Company, Inc. | $121.68 | $66.21B | 18.3 | 12.1% | 3.2% | ||
| Dominion Energy, Inc. | $62.02 | $54.54B | 18.0 | 9.4% | 4.3% | ||
| Vistra Corp. | $160.31 | $54.06B | 72.5 | 17.7% | 0.6% | ||
| Sempra | $79.97 | $52.28B | 29.1 | 4.6% | 3.1% | ||
| Entergy Corporation | $103.27 | $48.19B | 26.4 | 10.9% | 2.3% | ||
| Xcel Energy Inc. | $72.75 | $45.41B | 21.3 | 9.4% | 3% | ||
| Exelon Corporation | $41.69 | $42.65B | 15.2 | 9.9% | 3.8% | ||
| Consolidated Edison, Inc. | $105.16 | $38.75B | 18.6 | 8.8% | 3.1% | ||
| Public Service Enterprise Group Incorporated | $71.72 | $35.74B | 17.0 | 12.8% | 3.5% | ||
| WEC Energy Group, Inc. | $103.20 | $33.61B | 21.4 | 11.6% | 3.4% | ||
| PG&E Corporation | $12.49 | $33.47B | 10.6 | 8.6% | 0.8% | ||
| Ameren Corporation | $101.68 | $28.14B | 19.0 | 11.3% | 2.8% | ||
| Fortis Inc. | $52.93 | $26.95B | 22.2 | 7% | 2% | ||
| Atmos Energy Corporation | $159.80 | $26.67B | 21.4 | 9.3% | 2.2% | ||
| DTE Energy Company | $128.12 | $26.66B | 18.1 | 12.2% | 3.3% | ||
| FirstEnergy Corp. | $44.25 | $25.6B | 25.1 | 7.4% | 4% | ||
| American Water Works Company, Inc. | $128.19 | $25.48B | 22.5 | 10.5% | 2.5% | ||
| CenterPoint Energy, Inc. | $38.56 | $25.4B | 24.1 | 9.6% | 2.3% | ||
| PPL Corporation | $33.67 | $25.34B | 21.2 | 8.2% | 3.2% | ||
| Eversource Energy | $65.33 | $24.57B | 14.3 | 10.7% | 4.5% | ||
| AXIA Energia S.A. | $10.22 | $23.29B | 23.2 | 5.5% | 10.3% | ||
| Companhia de Saneamento Básico do Estado de São Paulo - SABESP | $6.42 | $21.92B | 13.2 | 20.9% | 2.1% | ||
| NRG Energy, Inc. | $103.46 | $21.83B | 25.8 | 41.5% | 2% | ||
| Edison International | $54.30 | $20.9B | 4.7 | 24.6% | 6.1% |
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EIXSector Outlook
Utilities in 2026 are shaped by interest rates, grid investment, and power demand from electrification and data centers. These themes support long-term capital programs but raise financing questions.
Rate-case outcomes and balance sheet discipline remain central. The sector regains favor quickly in risk-off environments, but quality utilities stand out by combining income with credible growth.
Look for earnings progression underneath the dividend story, not just a static yield trade.
Learn
Utilities provide essential electricity, gas, and water. Many are regulated monopolies with steadier revenues than cyclical sectors.
The defensive label can be misleading if you ignore balance sheets and regulation. Returns often depend on what regulators allow utilities to earn on infrastructure investments.
Utilities are evaluated on dividend yield, valuation, leverage, rate-base growth, and rate sensitivity rather than raw top-line growth.
XLU is the simplest way to access the utility sector. Stock selection helps when comparing regulated electric, gas, water, and power companies with different generation mixes.
Key risks: higher rates, regulatory setbacks, elevated capital needs, weather variability, and project overruns. Valuations compress when bond yields become more competitive.
The screener helps compare dividend-paying utilities on profitability, size, and valuation. Balance yield against balance sheet quality and growth visibility.
Explore Further
Regulated electric, gas, and water companies plus selected power producers. The screener above shows the sector list sortable by cap, yield, and valuation.
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Use our powerful screener to filter Utilities stocks by market cap, valuation, profitability, and dozens of other fundamental metrics.
Valuation, growth, profitability, technicals
Prices, fundamentals, and estimates refreshed overnight
Bookmark custom screens and track over time
Track the XLU sector ETF performance vs S&P 500. The basket shows equal-weight returns of top 50 stocks by market cap.
Momentum Leaders
Companhia de Saneamento Básico do Estado de São Paulo - SABESP
Companhia Energética de Minas Gerais
GE Vernova Inc.
Talen Energy Corporation
Southern Company (The) Series 2
Momentum Underperformers
Market Comparison
Against the S&P 500, Utilities currently trades at 22.2x trailing earnings versus 34.5x for the broad market. This discount reflects the sector's lower profitability metrics compared to the broader index.
Valuation
36% below S&P 500 trailing P/E
| Metric | Utilities | S&P 500 | Winner |
|---|---|---|---|
| Trailing P/E | 22.2x | 34.5x | Sector cheaper |
| Forward P/E | 18.1x | 22.9x | Sector cheaper |
| EV/EBITDA | 14.3x | 23.4x | Sector cheaper |
9th percentile; range 21.7x to 27.1x
1th percentile; range 10.9x to 792.2x
Quality
Net margin 17.5% vs 28.6%; ROE 23.2% vs 49.3%
| Metric | Utilities | S&P 500 | Winner |
|---|---|---|---|
| Net Margin | 17.5% | 28.6% | S&P 500 stronger |
| ROE | 23.2% | 49.3% | S&P 500 stronger |
Income
Sector yield 2.45% vs 0.97%
| Metric | Utilities | S&P 500 | Winner |
|---|---|---|---|
| Dividend Yield | 2.5% | 1.0% | Sector yields more |
These cards are built from the full sector universe, then ranked by market cap so you can see which pockets are leading, rich, resilient, or dangerously concentrated.
Industry Scoreboard
Use this table to spot heavyweights, cheap pockets, leaders, and genuinely beaten-down areas before opening the detailed cards below.
Electric Utilities 55 stocks | 60.4% $1.32T | Neutral -9.9% median 3M | Fair 15.2x median Fwd P/E | Mixed 10.0% median ROE | Weak 9.5% rev growth | Mixed Diversified |
Renewable Energy 24 stocks | 20.6% $450.7B | Lagging -17.9% median 3M | Premium 21.7x median Fwd P/E | Weak 1.9% median ROE | Strong 8.3% rev growth | Broken One-name heavy |
Diversified Utilities 16 stocks | 5.7% $125.25B | Leading -2.3% median 3M | Cheap 15.3x median Fwd P/E | Mixed 8.8% median ROE | Weak 5.8% rev growth | Mixed Concentrated |
Independent Power 7 stocks | 4.8% $105.37B | Neutral -12.2% median 3M | Premium 13.5x median Fwd P/E | Weak 3.7% median ROE | Strong 23.1% rev growth | Mixed One-name heavy |
Gas Utilities 15 stocks | 4.0% $87.86B | Neutral -7.1% median 3M | Fair 17.5x median Fwd P/E | Mixed 9.5% median ROE | Average 4.1% rev growth | Mixed Concentrated |
Water Utilities 14 stocks | 3.3% $72.64B | Leading -0.9% median 3M | Premium 20.3x median Fwd P/E | Mixed 9.4% median ROE | Average 5.6% rev growth | Expensive Leader One-name heavy |
Utilities 1 stocks | 1.2% $25.4B | Neutral -14.2% median 3M | Premium 19.8x median Fwd P/E | Mixed 9.9% median ROE | Strong 7.1% rev growth | Mixed One-name heavy |
Showing 7 of 7 industries in Utilities.
Setup is a quick read of value, quality, growth, momentum, and concentration together.
Earnings Calendar
Earnings reports are the biggest near-term catalysts for sector moves. Track which names report in the next 60 days and size your positions accordingly.