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U.S. Electric Utilities Industry Analysis

UpdatedFeb 22, 2026
DataAggregated Company Financials
Companies31
  • 7D-0.4%
  • 3M3.5%
  • 1Y17.3%
  • YTD6.0%

In the last week, Electric Utilities has been flat. The past year has been better, since the industry has gained 17% in that time. Earnings are forecast to grow by 10% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 22 Feb 2026US$1.0tUS$331.3bUS$45.3b22.3x22.3x3x
Tue, 20 Jan 2026US$941.0bUS$324.7bUS$43.5b20.9x21.6x2.9x
Thu, 18 Dec 2025US$914.1bUS$324.7bUS$43.5b19.6x21x2.8x
Sat, 15 Nov 2025US$951.9bUS$326.2bUS$43.7b20.7x21.8x2.9x
Mon, 13 Oct 2025US$969.4bUS$320.7bUS$40.7b21.2x23.8x3x
Wed, 10 Sep 2025US$866.8bUS$320.7bUS$40.7b19.9x21.3x2.7x
Fri, 08 Aug 2025US$898.4bUS$320.0bUS$39.4b20.8x22.8x2.8x
Sun, 06 Jul 2025US$857.4bUS$316.4bUS$38.5b20.6x22.2x2.7x
Tue, 03 Jun 2025US$860.0bUS$316.4bUS$38.5b20.9x22.3x2.7x
Thu, 01 May 2025US$826.3bUS$310.4bUS$38.3b20.9x21.5x2.7x
Sat, 29 Mar 2025US$809.7bUS$309.3bUS$38.1b20.7x21.3x2.6x
Mon, 24 Feb 2025US$834.1bUS$309.6bUS$37.4b21x22.3x2.7x
Wed, 22 Jan 2025US$816.0bUS$310.4bUS$35.8b20.7x22.8x2.6x
Fri, 20 Dec 2024US$786.6bUS$319.1bUS$36.9b20.3x21.3x2.5x
Sun, 17 Nov 2024US$834.1bUS$319.1bUS$37.4b20.7x22.3x2.6x
Tue, 15 Oct 2024US$843.5bUS$316.7bUS$36.6b19.6x23.1x2.7x
Thu, 12 Sep 2024US$824.7bUS$316.7bUS$36.6b19.8x22.6x2.6x
Sat, 10 Aug 2024US$788.8bUS$316.7bUS$38.4b19.2x20.5x2.5x
Mon, 08 Jul 2024US$731.8bUS$313.6bUS$38.5b17.1x19x2.3x
Wed, 05 Jun 2024US$762.9bUS$314.0bUS$38.5b17.5x19.8x2.4x
Fri, 03 May 2024US$719.5bUS$315.5bUS$35.8b17.7x20.1x2.3x
Sun, 31 Mar 2024US$698.0bUS$316.8bUS$34.9b17.9x20x2.2x
Tue, 27 Feb 2024US$640.3bUS$321.9bUS$33.5b16.7x19.1x2x
Thu, 25 Jan 2024US$643.7bUS$322.4bUS$31.8b17.9x20.3x2x
Sat, 23 Dec 2023US$662.5bUS$322.4bUS$31.8b18.8x20.9x2.1x
Mon, 20 Nov 2023US$649.3bUS$322.4bUS$31.8b18.2x20.4x2x
Wed, 18 Oct 2023US$627.1bUS$325.0bUS$30.5b18.6x20.6x1.9x
Fri, 15 Sep 2023US$671.3bUS$325.0bUS$30.5b19.4x22x2.1x
Sun, 13 Aug 2023US$679.4bUS$325.0bUS$30.5b19.2x22.3x2.1x
Tue, 11 Jul 2023US$683.8bUS$325.6bUS$28.9b18.6x23.6x2.1x
Thu, 08 Jun 2023US$678.8bUS$323.5bUS$28.9b19.6x23.5x2.1x
Sat, 06 May 2023US$719.0bUS$323.1bUS$28.8b20x25x2.2x
Mon, 03 Apr 2023US$703.0bUS$314.2bUS$29.7b19.5x23.7x2.2x
Wed, 01 Mar 2023US$667.0bUS$314.2bUS$29.6b18.8x22.5x2.1x
Price to Earnings Ratio

22.5x


Total Market Cap: US$667.0bTotal Earnings: US$29.6bTotal 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 2.4x is lower than the industry's current PS ratio of 3.0x.
Past Earnings Growth
  • The earnings for companies in the Electric Utilities industry have grown 15% 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 Market1.04%
Utilities-0.57%
Electric Utilities-0.35%
Electric Utilities-0.35%
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$294.842.2%
+US$2.3b		3.7%PE39x
NRG NRG EnergyUS$179.184.0%
+US$1.5b		69.1%PE28x
SO SouthernUS$94.30-0.7%
US$1.0b		6.7%PE24.3x
EIX Edison InternationalUS$73.743.2%
+US$877.6m		41.3%PE6.4x
POR Portland General ElectricUS$52.44-2.9%
US$482.1m		18.2%PE21.4x

Latest News

PPL
US$37.44
PPL
7D
-1.0%
1Y
7.8%
EIX
US$73.74
Edison International
7D
3.2%
1Y
41.3%
EVRG
US$80.26
Evergy
7D
-2.9%
1Y
17.9%
NRG
US$179.18
NRG Energy
7D
4.0%
1Y
69.1%

NRG: Future Cash Returns From Gas Assets And Dividends Will Matter

Analysts have nudged their blended price target for NRG Energy higher to $153, reflecting updated assumptions that pair a slightly higher fair value estimate with modest tweaks to revenue growth, profit margin, discount rate, and future P/E expectations. Analyst Commentary Recent Street research around NRG Energy shows a mix of optimism and caution, with price targets moving in both directions and ratings holding steady in the middle of the range.
ES
US$73.56
Eversource Energy
7D
0.3%
1Y
16.1%

ES: Earnings Guidance And Dividend Policy Will Likely Support Stable Outlook

Analysts have raised their price target on Eversource Energy to about $74.92 from roughly $73.33, citing updated assumptions around fair value, discount rate, expected revenue growth, profit margins, and future P/E multiples. What's in the News Eversource Energy issued earnings guidance for full year 2026, with expected earnings between $4.80 and $4.95 per share (company guidance).
FE
US$50.20
FirstEnergy
7D
0.2%
1Y
18.7%

FE: Ohio Grid Spending And Dividend Policy Will Support Balanced Long-Term Returns

Analysts have nudged their blended fair value estimate for FirstEnergy to $51.38 per share from $50.23, reflecting updated assumptions for slightly lower revenue growth, a modestly adjusted profit margin outlook, and a small change in future P/E expectations. What's in the News The Board of Directors declared a quarterly dividend of $0.465 per share of common stock, payable June 1, 2026, to shareholders of record on May 7, 2026.
NEE
US$92.18
NextEra Energy
7D
-1.7%
1Y
28.8%

NEE: Long Term EPS Roadmap And Data Center Demand Will Matter

Analysts have lifted their fair value estimate for NextEra Energy from $103.00 to $111.00, reflecting updated price targets that point to steadier growth assumptions, slightly higher profit margins, and a richer future P/E multiple supported by recent research highlighting stronger long term EPS ambitions and resilient utility fundamentals. Analyst Commentary Recent research around NextEra Energy is generally constructive, with several bullish analysts adjusting their price targets and ratings in response to the company’s updated long term guidance and perceived earnings power.
SO
US$94.30
Southern
7D
-0.7%
1Y
6.7%

SO: Fair Value Outlook Will Balance Higher Profitability And Slightly Lower Future P/E

Analysts have reduced their price target for Southern by about $1, reflecting updated assumptions about fair value, discount rate, revenue growth, profit margin, and future P/E expectations. Valuation Changes Fair Value was reduced slightly from $99.23 to $98.13, reflecting updated model inputs.
ETR
US$104.02
Entergy
7D
-1.0%
1Y
22.2%
PCG
US$18.36
PG&E
7D
1.1%
1Y
14.8%
DUK
US$126.78
Duke Energy
7D
-1.1%
1Y
9.7%

DUK: Battery Storage Buildout And Mixed P/E Views Will Shape Future Profile

The updated analyst price target for Duke Energy shifts slightly higher to about $136, with recent mixed target moves across firms linking this to adjusted growth, margin, and P/E assumptions rather than a major change in the fundamental story. Analyst Commentary Recent updates from research desks show a mix of small upward and downward price target moves, which keeps the overall narrative on Duke Energy fairly balanced rather than shifting it in a single clear direction.
POR
US$52.44
Portland General Electric
7D
-2.9%
1Y
18.2%
AEP
US$129.37
American Electric Power Company
7D
-0.4%
1Y
22.8%
CEG
US$294.84
Constellation Energy
7D
2.2%
1Y
3.7%

CEG: Nuclear Fleet And Calpine Data Center Deals Will Define Balanced Outlook

Narrative Update Overview The analyst price target for Constellation Energy has shifted by $32.98, as analysts balance Wells Fargo's $18 target cut with TD Cowen's new $440 target. The new target highlights both elevated regulatory risk and potential upside from the Calpine integration and gas PPA deals tied to the nuclear fleet.
EXC
US$47.79
Exelon
7D
-1.4%
1Y
10.1%

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Feb 16
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OKLO
US$63.83
Oklo
7D
-2.8%
1Y
64.6%