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U.S. Electric Utilities Industry Analysis

UpdatedFeb 12, 2026
DataAggregated Company Financials
Companies31
  • 7D3.4%
  • 3M-0.6%
  • 1Y13.3%
  • YTD1.8%

The Electric Utilities industry is up 1.8% in the last week, with NextEra Energy up 2.3%. In the same time, Oklo was down 11%. This takes the industry's 12 month performance to a gain of 12%. As for the next few years, earnings are expected to grow by 10% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 12 Feb 2026US$958.8bUS$327.2bUS$44.0b21.5x21.8x2.9x
Sat, 10 Jan 2026US$918.1bUS$324.7bUS$43.5b20.1x21.1x2.8x
Mon, 08 Dec 2025US$930.2bUS$326.2bUS$43.7b19.9x21.3x2.9x
Wed, 05 Nov 2025US$964.9bUS$324.9bUS$42.1b21.6x22.9x3x
Fri, 03 Oct 2025US$935.8bUS$320.7bUS$40.7b21x23x2.9x
Sun, 31 Aug 2025US$880.4bUS$320.7bUS$40.7b20.2x21.6x2.7x
Tue, 29 Jul 2025US$882.2bUS$317.1bUS$38.9b21.5x22.7x2.8x
Thu, 26 Jun 2025US$853.7bUS$316.4bUS$38.5b20.3x22.1x2.7x
Sat, 24 May 2025US$836.7bUS$316.4bUS$38.5b20.8x21.7x2.6x
Mon, 21 Apr 2025US$812.3bUS$309.3bUS$38.1b20.5x21.3x2.6x
Wed, 19 Mar 2025US$823.2bUS$309.3bUS$37.6b20.8x21.9x2.7x
Fri, 14 Feb 2025US$828.2bUS$309.4bUS$37.4b20.3x22.2x2.7x
Sun, 12 Jan 2025US$785.0bUS$285.5bUS$33.0b19.6x23.8x2.7x
Tue, 10 Dec 2024US$835.5bUS$319.1bUS$36.9b20.9x22.7x2.6x
Thu, 07 Nov 2024US$837.1bUS$319.2bUS$38.0b20.3x22.1x2.6x
Sat, 05 Oct 2024US$866.1bUS$316.7bUS$36.6b19.7x23.7x2.7x
Mon, 02 Sep 2024US$814.4bUS$316.7bUS$36.6b19.5x22.3x2.6x
Wed, 31 Jul 2024US$765.2bUS$313.8bUS$37.7b18.7x20.3x2.4x
Fri, 28 Jun 2024US$735.8bUS$313.6bUS$38.5b17.2x19.1x2.3x
Sun, 26 May 2024US$760.3bUS$314.0bUS$38.5b17.2x19.7x2.4x
Tue, 23 Apr 2024US$698.5bUS$316.8bUS$34.9b18.1x20x2.2x
Thu, 21 Mar 2024US$677.7bUS$316.8bUS$34.9b17.6x19.4x2.1x
Sat, 17 Feb 2024US$647.3bUS$321.1bUS$31.8b17.6x20.3x2x
Mon, 15 Jan 2024US$669.4bUS$322.4bUS$31.8b18.8x21.1x2.1x
Wed, 13 Dec 2023US$661.6bUS$322.4bUS$31.8b18.8x20.8x2.1x
Fri, 10 Nov 2023US$638.8bUS$322.5bUS$31.8b18x20.1x2x
Sun, 08 Oct 2023US$599.0bUS$325.0bUS$30.5b18x19.6x1.8x
Tue, 05 Sep 2023US$653.4bUS$325.0bUS$30.5b18.5x21.4x2x
Thu, 03 Aug 2023US$694.9bUS$327.3bUS$30.2b19.5x23x2.1x
Sat, 01 Jul 2023US$690.4bUS$325.6bUS$28.9b18.6x23.9x2.1x
Mon, 29 May 2023US$672.0bUS$323.5bUS$28.9b18.8x23.2x2.1x
Wed, 26 Apr 2023US$727.5bUS$314.2bUS$29.7b20.4x24.5x2.3x
Fri, 24 Mar 2023US$664.7bUS$314.2bUS$29.7b18.4x22.4x2.1x
Sun, 19 Feb 2023US$702.2bUS$311.2bUS$30.3b19.7x23.1x2.3x
Price to Earnings Ratio

23.1x


Total Market Cap: US$702.2bTotal Earnings: US$30.3bTotal Revenue: US$311.2bTotal 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 2.4x is lower than the industry's current PS ratio of 2.9x.
Past Earnings Growth
  • The earnings for companies in the Electric Utilities industry have grown 13% 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 Market1.43%
Utilities3.42%
Electric Utilities3.42%
Electric Utilities3.42%
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$276.8512.1%
+US$10.8b		-11.1%PE36.6x
NRG NRG EnergyUS$160.6311.6%
+US$3.6b		56.5%PE25.1x
NEE NextEra EnergyUS$91.361.5%
+US$2.9b		31.9%PE27.8x
DUK Duke EnergyUS$125.202.4%
+US$2.3b		7.6%PE19.8x
PCG PG&EUS$17.105.4%
+US$1.9b		6.7%PE14.5x

Latest News

CEG
US$276.85
Constellation Energy
7D
12.1%
1Y
-11.1%
DUK
US$125.20
Duke Energy
7D
2.4%
1Y
7.6%
OTTR
US$85.93
Otter Tail
7D
-2.4%
1Y
7.0%
AEP
US$122.25
American Electric Power Company
7D
1.9%
1Y
19.4%

AEP: Data Center Load And Fuel Project Will Test Premium Standing

Analysts have nudged their price targets on American Electric Power higher by a few dollars, reflecting updated views that incorporate a slightly higher fair value estimate of about $128.75, modest adjustments to growth and discount rate assumptions, and recent mixed research that includes several target increases alongside one valuation driven downgrade. Analyst Commentary Recent research on American Electric Power Company reflects a mix of optimism around growth projects and valuation discipline as the share price moves relative to peers.
GNE
US$13.92
Genie Energy
7D
-0.8%
1Y
-0.2%

GNE: Stable Assumptions And Trimmed Price View Will Support Future Upside

Analysts have made a modest trim to their price target on Genie Energy to US$16.00, reflecting slightly updated assumptions around discount rate, revenue growth, profit margin and forward P/E. These updates keep their overall fair value view broadly unchanged.
PCG
US$17.10
PG&E
7D
5.4%
1Y
6.7%

PCG: Cost Of Capital Decision Will Shape Future Returns Outlook

Analysts have raised their average price target for PG&E by US$1, citing updated assumptions around the California cost of capital decision, as well as modest adjustments to expected growth, margins, and future P/E multiples. Analyst Commentary Bullish Takeaways Bullish analysts point to the US$1 price target increase as a sign that updated cost of capital assumptions and modest changes to growth and margins still support their valuation framework for PG&E.
EIX
US$67.06
Edison International
7D
5.7%
1Y
27.3%

EIX: Future Returns Will Be Pressured By California ROE Cut Risk

Analysts have trimmed their average price target on Edison International by about $1 to reflect a slightly lower fair value estimate of $54.00. They have incorporated updated views on California's allowed returns, modestly higher revenue growth assumptions, and a somewhat lower future P/E multiple.
NRG
US$160.63
NRG Energy
7D
11.6%
1Y
56.5%

NRG: Future Earnings Power From LS Power Assets May Reprice Shares

Analysts have modestly lifted their fair value estimate for NRG Energy to about $313, even as recent price target tweaks from firms like Jefferies, Wells Fargo and Morgan Stanley reflect ongoing debate over growth, margins and an updated future P/E near 24x. Analyst Commentary Recent Street research around NRG Energy highlights a mix of caution and optimism, with several bullish analysts focusing on where execution and valuation may still offer room for upside relative to their fair value work and updated P/E assumptions.
NEE
US$91.36
NextEra Energy
7D
1.5%
1Y
31.9%

NEE: Nuclear Optimism Will Likely Outpace Execution On New Data Center Deals

Narrative Update The updated analyst work trims our fair value estimate for NextEra Energy by a small amount to $70.45, reflecting slightly lower revenue growth assumptions, a modestly higher discount rate, and a future P/E of about 19.2x that remains aligned with the recent series of upward price target revisions from multiple firms. Analyst Commentary Street research on NextEra Energy has leaned constructive on the headline price targets, but there are still some points you should watch closely.
ETR
US$100.20
Entergy
7D
3.5%
1Y
21.0%
OKLO
US$66.23
Oklo
7D
-2.9%
1Y
21.8%
MGEE
US$79.90
MGE Energy
7D
-0.5%
1Y
-10.6%