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U.S. Electric Utilities Industry Analysis

UpdatedApr 11, 2026
DataAggregated Company Financials
Companies30
  • 7D1.6%
  • 3M9.4%
  • 1Y25.5%
  • YTD8.0%

In the last week, the Electric Utilities industry is up 1.9%, with Constellation Energy up 5.0%. In the last 12 months, the industry was up 27%. Earnings are forecast to grow by 11% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 11 Apr 2026US$1.0tUS$332.6bUS$44.2b22.3x23.4x3.1x
Mon, 09 Mar 2026US$1.0tUS$332.6bUS$44.3b22x23.1x3.1x
Wed, 04 Feb 2026US$923.9bUS$325.8bUS$43.9b21x21.1x2.8x
Fri, 02 Jan 2026US$913.2bUS$324.7bUS$43.5b19.5x21x2.8x
Sun, 30 Nov 2025US$969.6bUS$326.2bUS$43.7b21x22.2x3x
Tue, 28 Oct 2025US$982.0bUS$321.4bUS$41.0b21.4x24x3.1x
Thu, 25 Sep 2025US$907.6bUS$320.7bUS$40.7b20.3x22.3x2.8x
Sat, 23 Aug 2025US$895.5bUS$320.7bUS$40.7b20.6x22x2.8x
Mon, 21 Jul 2025US$876.0bUS$316.4bUS$38.5b21.3x22.7x2.8x
Wed, 18 Jun 2025US$844.9bUS$316.4bUS$38.5b20.3x21.9x2.7x
Fri, 16 May 2025US$832.3bUS$316.4bUS$38.5b20.7x21.6x2.6x
Sun, 13 Apr 2025US$798.1bUS$309.3bUS$38.1b20x21x2.6x
Tue, 11 Mar 2025US$807.0bUS$309.3bUS$37.6b20.4x21.5x2.6x
Thu, 06 Feb 2025US$808.0bUS$308.9bUS$35.7b20.4x22.6x2.6x
Sat, 04 Jan 2025US$791.0bUS$310.4bUS$35.8b20.5x22.1x2.5x
Mon, 02 Dec 2024US$869.3bUS$319.1bUS$36.9b21.5x23.6x2.7x
Wed, 30 Oct 2024US$862.7bUS$317.4bUS$37.4b19.6x23.1x2.7x
Fri, 27 Sep 2024US$857.0bUS$316.7bUS$36.6b19.8x23.4x2.7x
Sun, 25 Aug 2024US$804.6bUS$316.7bUS$36.6b19.3x22x2.5x
Tue, 23 Jul 2024US$751.3bUS$313.6bUS$38.5b18.5x19.5x2.4x
Thu, 20 Jun 2024US$732.8bUS$313.6bUS$38.5b17.1x19x2.3x
Sat, 18 May 2024US$770.1bUS$314.0bUS$38.5b17.7x20x2.5x
Mon, 15 Apr 2024US$685.7bUS$316.8bUS$34.9b17.5x19.6x2.2x
Wed, 13 Mar 2024US$670.4bUS$316.8bUS$34.9b17.5x19.2x2.1x
Fri, 09 Feb 2024US$640.5bUS$322.7bUS$31.9b17.3x20.1x2x
Sun, 07 Jan 2024US$682.0bUS$322.4bUS$31.8b19.4x21.5x2.1x
Tue, 05 Dec 2023US$661.7bUS$322.4bUS$31.8b18.7x20.8x2.1x
Thu, 02 Nov 2023US$629.7bUS$325.5bUS$29.9b18.8x21.1x1.9x
Sat, 30 Sep 2023US$618.3bUS$325.0bUS$30.5b18x20.3x1.9x
Mon, 28 Aug 2023US$663.4bUS$325.0bUS$30.5b18.9x21.8x2x
Wed, 26 Jul 2023US$717.6bUS$327.8bUS$30.4b19.1x23.6x2.2x
Fri, 23 Jun 2023US$699.4bUS$325.6bUS$28.9b18.7x24.2x2.1x
Sun, 21 May 2023US$688.2bUS$323.5bUS$28.9b19.1x23.8x2.1x
Tue, 18 Apr 2023US$720.9bUS$314.2bUS$29.7b20.1x24.3x2.3x
Price to Earnings Ratio

24.3x


Total Market Cap: US$720.9bTotal Earnings: US$29.7bTotal Revenue: US$314.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electric Utilities Industry Price to Earnings3Y Average 21.8x202420252026
Current Industry PE
  • Investors are relatively neutral on the American Electric 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 21.8x.
  • The 3-year average PS ratio of 2.5x is lower than the industry's current PS ratio of 3.1x.
Past Earnings Growth
  • The earnings for companies in the Electric Utilities industry have grown 14% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

Which industries have driven the changes within the U.S. Utilities industry?

US Market3.31%
Utilities1.30%
Electric Utilities1.61%
Electric Utilities1.61%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
CEG Constellation EnergyUS$286.505.0%
+US$5.0b		37.6%PE44.8x
NRG NRG EnergyUS$164.077.5%
+US$2.4b		73.7%PE44.1x
AEP American Electric Power CompanyUS$136.302.7%
+US$2.0b		30.3%PE20.6x
NEE NextEra EnergyUS$94.081.0%
+US$1.9b		43.0%PE28.7x
PCG PG&EUS$18.544.3%
+US$1.8b		9.6%PE15.7x

Latest News

CEG
US$286.50
Constellation Energy
7D
5.0%
1Y
37.6%
PCG
US$18.54
PG&E
7D
4.3%
1Y
9.6%
NEE
US$94.08
NextEra Energy
7D
1.0%
1Y
43.0%
NRG
US$164.07
NRG Energy
7D
7.5%
1Y
73.7%
AEP
US$136.30
American Electric Power Company
7D
2.7%
1Y
30.3%

AEP: Data Center Load Backlog And Grid Investments Will Shape Outlook

Analysts have raised their average price target for American Electric Power Company by roughly $4 to about $137. They attribute this change to updated models that factor in higher contracted load, a larger capital program in transmission and supply, and refined earnings assumptions following recent Q4 results.
XEL
US$82.38
Xcel Energy
7D
2.0%
1Y
18.4%
EXC
US$48.57
Exelon
7D
-1.5%
1Y
5.6%

EXC: Data Center Demand And Capex Plans Will Shape Grid Investment Outcomes

Analysts have lifted the implied fair value for Exelon by about $0.54 to $51.41. This reflects a series of higher Street price targets supported by updated utility sector models, new coverage with positive views, recent Q4 earnings and long term capital spending plans.
DUK
US$131.79
Duke Energy
7D
-0.3%
1Y
10.8%
SO
US$97.15
Southern
7D
-0.3%
1Y
8.1%

SO: Fair View Will Reflect Dam Safety Progress And Stable Future P/E

Analysts have nudged their price target on Southern slightly higher to $101.24. This reflects small refinements to their models around the discount rate, long term revenue growth, profit margin assumptions, and future P/E expectations.
EIX
US$75.72
Edison International
7D
3.1%
1Y
35.0%

EIX: Wildfire Reform And Eaton Fire Litigation Will Pressure Future Equity Returns

Analysts have raised their average price target for Edison International by several dollars, reflecting higher revenue growth assumptions, a modestly lower discount rate, and updated views on long-term earnings visibility related to the capital plan and wildfire legislation, all of which factor into the new valuation. Analyst Commentary Recent Street research on Edison International shows a mix of optimism around the capital plan and earnings visibility, alongside clear pockets of caution around regulatory risk, wildfire exposure, and how much of this is already reflected in the valuation.
PPL
US$39.65
PPL
7D
2.6%
1Y
14.1%

PPL: Future Returns Will Reflect Pennsylvania Decisions And 2026 Earnings Outlook

Analysts have nudged the PPL fair value estimate to $41.20 from $40.67, reflecting a series of higher price targets across the Street tied to views on earnings visibility, regulatory outcomes in Pennsylvania, and the company’s regulated growth profile. Analyst Commentary Recent research on PPL has centered on how much value investors might ascribe to its regulated growth plan, earnings visibility and upcoming regulatory decisions in Pennsylvania, which is feeding directly into a series of price target moves.