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U.S. Electric Utilities Industry Analysis

UpdatedDec 16, 2025
DataAggregated Company Financials
Companies32
  • 7D0.5%
  • 3M4.7%
  • 1Y15.2%
  • YTD15.3%

In the last week, the Electric Utilities industry is flat overall, with Oklo standing out by going down 21%. As for the the longer term, the industry is up 15% over the past 12 months. 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
Tue, 16 Dec 2025US$915.1bUS$326.2bUS$43.7b20.1x20.9x2.8x
Thu, 13 Nov 2025US$962.9bUS$326.2bUS$43.7b21x22x3x
Sat, 11 Oct 2025US$971.1bUS$320.7bUS$40.7b21.2x23.9x3x
Mon, 08 Sep 2025US$869.8bUS$320.7bUS$40.7b20x21.4x2.7x
Wed, 06 Aug 2025US$911.1bUS$319.9bUS$40.2b20.9x22.7x2.8x
Fri, 04 Jul 2025US$857.4bUS$316.4bUS$38.5b20.6x22.2x2.7x
Sun, 01 Jun 2025US$857.9bUS$316.4bUS$38.5b21.2x22.3x2.7x
Tue, 29 Apr 2025US$815.2bUS$310.6bUS$36.6b20.8x22.3x2.6x
Thu, 27 Mar 2025US$802.4bUS$309.3bUS$38.1b20.5x21.1x2.6x
Sat, 22 Feb 2025US$834.1bUS$309.6bUS$37.4b21x22.3x2.7x
Mon, 20 Jan 2025US$816.0bUS$310.4bUS$35.8b20.4x22.8x2.6x
Wed, 18 Dec 2024US$805.5bUS$319.1bUS$36.9b20.7x21.8x2.5x
Fri, 15 Nov 2024US$825.3bUS$319.1bUS$36.9b20.7x22.4x2.6x
Sun, 13 Oct 2024US$843.5bUS$316.7bUS$36.6b19.6x23.1x2.7x
Tue, 10 Sep 2024US$818.6bUS$316.7bUS$36.6b19.8x22.4x2.6x
Thu, 08 Aug 2024US$783.9bUS$316.3bUS$38.0b19.5x20.6x2.5x
Sat, 06 Jul 2024US$730.4bUS$313.6bUS$38.5b17.1x19x2.3x
Mon, 03 Jun 2024US$773.1bUS$314.0bUS$38.5b17.6x20.1x2.5x
Wed, 01 May 2024US$710.0bUS$314.9bUS$35.2b18.1x20.2x2.3x
Fri, 29 Mar 2024US$693.5bUS$316.8bUS$34.9b17.9x19.8x2.2x
Sun, 25 Feb 2024US$654.1bUS$322.9bUS$32.6b17.1x20.1x2x
Tue, 23 Jan 2024US$641.6bUS$322.4bUS$31.8b18x20.2x2x
Thu, 21 Dec 2023US$672.7bUS$322.4bUS$31.8b18.7x21.2x2.1x
Sat, 18 Nov 2023US$648.5bUS$322.4bUS$31.8b18.2x20.4x2x
Mon, 16 Oct 2023US$622.5bUS$325.0bUS$30.5b18.6x20.4x1.9x
Wed, 13 Sep 2023US$661.9bUS$325.0bUS$30.5b18.8x21.7x2x
Fri, 11 Aug 2023US$675.3bUS$325.0bUS$30.5b19.1x22.1x2.1x
Sun, 09 Jul 2023US$686.5bUS$325.6bUS$28.9b18.7x23.7x2.1x
Tue, 06 Jun 2023US$677.9bUS$323.5bUS$28.9b19.1x23.4x2.1x
Thu, 04 May 2023US$709.7bUS$319.4bUS$32.3b19.8x22x2.2x
Sat, 01 Apr 2023US$703.0bUS$314.2bUS$29.7b19.5x23.7x2.2x
Mon, 27 Feb 2023US$687.8bUS$314.5bUS$29.8b19.3x23.1x2.2x
Wed, 25 Jan 2023US$719.0bUS$320.5bUS$31.5b19x22.8x2.2x
Fri, 23 Dec 2022US$731.4bUS$320.5bUS$31.5b19.1x23.2x2.3x
Price to Earnings Ratio

23.2x


Total Market Cap: US$731.4bTotal Earnings: US$31.5bTotal Revenue: US$320.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electric Utilities Industry Price to Earnings3Y Average 21.9x202320242025
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 21.9x.
  • The 3-year average PS ratio of 2.4x is lower than the industry's current PS ratio of 2.8x.
Past Earnings Growth
  • The earnings for companies in the Electric Utilities industry have grown 12% 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 Market-0.69%
Utilities0.69%
Electric Utilities0.46%
Electric Utilities0.46%
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
NEE NextEra EnergyUS$81.651.4%
+US$2.3b		12.2%PE26.1x
EIX Edison InternationalUS$59.095.5%
+US$1.2b		-27.2%PE7.7x
DUK Duke EnergyUS$116.731.3%
+US$1.2b		8.6%PE18.4x
PCG PG&EUS$15.362.8%
+US$923.1m		-21.6%PE13x
ES Eversource EnergyUS$68.372.5%
+US$626.6m		17.6%PE19.1x

Latest News

PCG
US$15.36
PG&E
7D
2.8%
1Y
-21.6%

PG&E (NYSE:PCG) Is Increasing Its Dividend To $0.05

Dec 15
PG&E (NYSE:PCG) Is Increasing Its Dividend To $0.05
EIX
US$59.09
Edison International
7D
5.5%
1Y
-27.2%

Edison International's (NYSE:EIX) Dividend Will Be Increased To $0.8775

Dec 15
Edison International's (NYSE:EIX) Dividend Will Be Increased To $0.8775
NEE
US$81.65
NextEra Energy
7D
1.4%
1Y
12.2%

NEE: Duane Arnold Nuclear Restart Will Drive Long Term AI Power Demand

Analysts have nudged their average price target on NextEra Energy slightly higher to approximately $91.14, reflecting continued confidence in the company’s above market revenue growth and resilient margins, despite mixed individual target revisions across the Street. Analyst Commentary Recent research updates on NextEra Energy highlight a generally constructive backdrop, with multiple upward price target revisions offset by a few modest trims.
DUK
US$116.73
Duke Energy
7D
1.3%
1Y
8.6%

DUK: Southeast Data Center Demand Will Drive Long Term Earnings Upside

Analysts modestly trimmed their fair value estimate for Duke Energy to approximately $136 per share from about $137, citing slightly lower long term profitability assumptions. At the same time, sector wide enthusiasm around regulated utilities and data center driven load growth supports a higher range of Street price targets clustered around $135 to $143.
ES
US$68.37
Eversource Energy
7D
2.5%
1Y
17.6%

ES: Earnings Outlook And Multiples Will Likely Support A Stable Profile

Analysts have raised their price target on Eversource Energy by approximately 0.3 percent to about 73 dollars, citing a slightly lower discount rate and modestly higher long term valuation multiples that support a marginally higher fair value estimate. What's in the News Eversource Energy has scheduled a board meeting for December 3, 2025, with an agenda that includes considering the election of Warren Robert Mudge as a Trustee (company filings).
NRG
US$159.99
NRG Energy
7D
-2.5%
1Y
69.9%

NRG: Power Price Optimism Will Likely Overstate Long Term Data Center Upside

The updated analyst price target for NRG Energy has increased to $145, up from a prior fair value of about $106. Analysts attribute this change to stronger expected profitability, improved cash flow visibility from rising power and capacity prices, and growing upside from data center driven demand and portfolio optionality.
FE
US$44.61
FirstEnergy
7D
-0.3%
1Y
11.8%

FE: Grid Modernization Program Will Drive Attractive Long Term Returns

Analysts have modestly raised their price target on FirstEnergy to approximately $50.00. This reflects slightly stronger projected revenue growth that more than offsets a marginally lower profit margin outlook and a small uptick in the assumed future valuation multiple.
CEG
US$357.14
Constellation Energy
7D
-0.6%
1Y
52.5%

CEG: Data Center Power Deals Will Drive Nuclear Cash Flows Higher

Analysts have raised their average price target on Constellation Energy by roughly $30 to $400, citing accelerating commercial momentum, growing nuclear and thermal cash flows, and the scarcity value of its generation assets in an environment of robust electricity demand and expanding data center power needs. Analyst Commentary Recent research updates reflect a broadly constructive stance toward Constellation Energy, with several firms lifting price targets in response to strengthening fundamentals and a more supportive power market backdrop.
AEP
US$115.77
American Electric Power Company
7D
-0.3%
1Y
25.9%

AEP: Data Center Demand And Execution On Massive Grid Buildout Will Drive Outcomes

The analyst price target for American Electric Power Company has risen by approximately $4 to the low $120s range, as analysts highlight the company's solid balance sheet, sizable $70B-plus capital plan, and growing exposure to data center driven demand, even as they flag valuation and regulatory execution as key swing factors. Analyst Commentary Recent Street research reflects a constructive but selective stance on American Electric Power, with many bullish analysts raising price targets into the low to mid $120s and a few more cautious voices emphasizing execution and valuation risk.
OKLO
US$82.33
Oklo
7D
-21.3%
1Y
345.5%
SO
US$86.00
Southern
7D
0.6%
1Y
3.3%

SO: Composite Equity Units Offering Will Support Future Shareholder Value Upside

Analysts have modestly lowered their price target on Southern by approximately $0.10 to reflect a slightly higher discount rate and marginally less favorable long term valuation assumptions, while leaving core growth and profitability expectations essentially unchanged. What's in the News Southern has completed a $1.75 billion composite equity units offering, issuing 35 million equity derivative units priced at $50 per unit, with a $0.875 discount per security (Key Developments).
PPL
US$34.26
PPL
7D
1.0%
1Y
6.0%

PPL: Future Returns Will Be Driven By Expanding Data Center Demand

The Analyst Price Target for PPL has been trimmed slightly, falling by about $0.13 per share, as analysts fine tune their assumptions in response to recent utilities sector underperformance and evolving views on regulated and diversified utility valuations. Analyst Commentary Recent Street research on PPL reflects a generally constructive stance, with price targets being fine tuned in response to sector performance and evolving expectations for regulated and diversified utilities.
ETR
US$93.75
Entergy
7D
0.9%
1Y
25.4%

ETR: Ongoing Deals And Dividend Growth Will Drive Continued Premium Positioning

Entergy's analyst price target has increased by nearly $2 to $104. Analysts cite stronger earnings growth, ongoing deal activity, and constructive outlooks for load growth and investment opportunities as reasons for the increase.
HE
US$11.88
Hawaiian Electric Industries
7D
-0.2%
1Y
16.4%