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U.S. Electric Utilities Industry Analysis

UpdatedSep 18, 2025
DataAggregated Company Financials
Companies33
  • 7D0.1%
  • 3M4.7%
  • 1Y6.3%
  • YTD10.5%

Over the last 7 days, the Electric Utilities industry has remained flat, although notably Oklo gained 29%. As for the the longer term, the industry is up 6.3% over the past 12 months. 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
Thu, 18 Sep 2025US$877.5bUS$320.7bUS$40.7b20.1x21.6x2.7x
Sat, 16 Aug 2025US$896.1bUS$320.7bUS$40.7b20.3x22x2.8x
Mon, 14 Jul 2025US$862.2bUS$316.4bUS$38.5b20.9x22.4x2.7x
Wed, 11 Jun 2025US$841.2bUS$316.4bUS$38.5b20.6x21.8x2.7x
Fri, 09 May 2025US$842.7bUS$315.1bUS$38.3b20.7x22x2.7x
Sun, 06 Apr 2025US$780.2bUS$309.3bUS$38.1b19.9x20.5x2.5x
Tue, 04 Mar 2025US$827.3bUS$309.3bUS$37.6b21x22x2.7x
Thu, 30 Jan 2025US$799.0bUS$308.9bUS$35.7b20.2x22.4x2.6x
Sat, 28 Dec 2024US$792.1bUS$310.4bUS$35.8b20.7x22.2x2.6x
Mon, 25 Nov 2024US$851.3bUS$319.1bUS$37.4b21.2x22.8x2.7x
Wed, 23 Oct 2024US$869.0bUS$316.7bUS$36.6b20x23.8x2.7x
Fri, 20 Sep 2024US$834.3bUS$316.7bUS$36.6b19.7x22.8x2.6x
Sun, 18 Aug 2024US$797.7bUS$316.7bUS$36.6b19.3x21.8x2.5x
Tue, 16 Jul 2024US$760.8bUS$313.6bUS$38.5b17.7x19.8x2.4x
Thu, 13 Jun 2024US$746.8bUS$314.0bUS$38.5b17x19.4x2.4x
Sat, 11 May 2024US$758.8bUS$314.0bUS$38.5b17.7x19.7x2.4x
Mon, 08 Apr 2024US$695.6bUS$316.8bUS$34.9b17.7x19.9x2.2x
Wed, 06 Mar 2024US$655.4bUS$316.8bUS$35.0b15.8x18.7x2.1x
Fri, 02 Feb 2024US$663.6bUS$322.5bUS$31.5b18.5x21.1x2.1x
Sun, 31 Dec 2023US$670.2bUS$322.4bUS$31.8b19x21.1x2.1x
Tue, 28 Nov 2023US$652.5bUS$322.4bUS$31.8b18.4x20.5x2x
Thu, 26 Oct 2023US$623.0bUS$325.0bUS$30.5b18.3x20.4x1.9x
Sat, 23 Sep 2023US$667.5bUS$325.0bUS$30.5b18.9x21.9x2.1x
Mon, 21 Aug 2023US$662.4bUS$325.0bUS$30.5b18.9x21.7x2x
Wed, 19 Jul 2023US$689.2bUS$325.6bUS$28.9b18.6x23.8x2.1x
Fri, 16 Jun 2023US$690.2bUS$325.6bUS$28.9b19.1x23.8x2.1x
Sun, 14 May 2023US$718.7bUS$323.5bUS$28.9b19.8x24.8x2.2x
Tue, 11 Apr 2023US$725.1bUS$314.2bUS$29.7b20.1x24.4x2.3x
Thu, 09 Mar 2023US$680.9bUS$314.2bUS$29.6b18.9x23x2.2x
Sat, 04 Feb 2023US$697.7bUS$322.3bUS$31.9b18.9x21.9x2.2x
Mon, 02 Jan 2023US$732.2bUS$320.5bUS$31.5b19.4x23.2x2.3x
Wed, 30 Nov 2022US$714.6bUS$320.5bUS$31.5b18.5x22.7x2.2x
Fri, 28 Oct 2022US$666.6bUS$306.7bUS$31.9b17.4x20.9x2.2x
Sun, 25 Sep 2022US$727.4bUS$305.5bUS$30.3b19.5x24x2.4x
Price to Earnings Ratio

24x


Total Market Cap: US$727.4bTotal Earnings: US$30.3bTotal Revenue: US$305.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electric Utilities Industry Price to Earnings3Y Average 21.8x202320242025
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 2.7x.
Past Earnings Growth
  • The earnings for companies in the Electric Utilities industry have grown 10% 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 Market1.17%
Utilities-0.083%
Electric Utilities0.12%
Electric Utilities0.12%
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
OKLO OkloUS$95.2929.2%
+US$3.2b		1,432.0%PB20.2x
NRG NRG EnergyUS$164.582.1%
+US$651.9m		100.8%PE70x
CEG Constellation EnergyUS$321.280.4%
+US$398.3m		60.4%PE33.4x
FE FirstEnergyUS$43.440.5%
+US$115.5m		-0.1%PE19.2x
SO SouthernUS$91.630.08%
+US$77.0m		2.9%PE23.5x

Latest News

PNW
US$86.11
Pinnacle West Capital
7D
-1.7%
1Y
-4.6%

Grid Modernization And Arizona Expansion Will Create Future Value

Analysts have slightly lowered their price target for Pinnacle West Capital to $94.92, reflecting cautious optimism driven by improving regulatory trends and growth prospects in Arizona, offset by a more moderate outlook for revenue growth. Analyst Commentary Bullish analysts note improving structural trends in Arizona's regulatory environment, citing the 2025 General Rate Case (GRC) as a key driver for reduced regulatory lag.
ES
US$63.30
Eversource Energy
7D
-1.1%
1Y
-6.2%
PCG
US$15.09
PG&E
7D
-1.1%
1Y
-22.7%
DUK
US$121.10
Duke Energy
7D
-0.2%
1Y
4.5%
EVRG
US$71.76
Evergy
7D
0.2%
1Y
16.6%

Does Evergy (NASDAQ:EVRG) Deserve A Spot On Your Watchlist?

Sep 11
Does Evergy (NASDAQ:EVRG) Deserve A Spot On Your Watchlist?
OGE
US$44.11
OGE Energy
7D
0.4%
1Y
8.6%

Some Confidence Is Lacking In OGE Energy Corp.'s (NYSE:OGE) P/E

Sep 09
Some Confidence Is Lacking In OGE Energy Corp.'s (NYSE:OGE) P/E
PPL
US$35.61
PPL
7D
-0.5%
1Y
10.8%

PPL (NYSE:PPL) Hasn't Managed To Accelerate Its Returns

Sep 09
PPL (NYSE:PPL) Hasn't Managed To Accelerate Its Returns
SO
US$91.63
Southern
7D
0.08%
1Y
2.9%

The Southern Company's (NYSE:SO) Business Is Yet to Catch Up With Its Share Price

Sep 08
The Southern Company's (NYSE:SO) Business Is Yet to Catch Up With Its Share Price
XEL
US$72.05
Xcel Energy
7D
-0.4%
1Y
11.9%
CEG
US$321.28
Constellation Energy
7D
0.4%
1Y
60.4%

Bipartisan Support And Nuclear Restarts Will Unlock Markets

Constellation Energy’s consensus price target was raised from $333.84 to $346.19 as analysts see the company well-positioned to benefit from rising AI-driven power demand, strong earnings growth, and accretive acquisitions. Analyst Commentary Analysts highlight that AI-driven demand is transforming the "Energy & Power" sector, positioning Constellation Energy as a key beneficiary of this emergent "Power revolution".
AEP
US$107.52
American Electric Power Company
7D
-0.8%
1Y
4.2%

Here's Why American Electric Power Company (NASDAQ:AEP) Has A Meaningful Debt Burden

Sep 03
Here's Why American Electric Power Company (NASDAQ:AEP) Has A Meaningful Debt Burden
FE
US$43.44
FirstEnergy
7D
0.5%
1Y
-0.1%

Data Center Demand And $28B Grid Investments Will Expand Infrastructure

FirstEnergy’s fair value estimate saw a marginal increase to $46.25, as the slight rise in its future P/E multiple outweighed an essentially stable net profit margin. What's in the News JCP&L, a FirstEnergy subsidiary, is investing $1.6 million to modernize power infrastructure in Northern Monmouth County, enhancing reliability and outage response for thousands of customers.
NEE
US$70.31
NextEra Energy
7D
-1.0%
1Y
-16.6%
OKLO
US$95.29
Oklo
7D
29.2%
1Y
1,432.0%
ALE
US$64.18
ALLETE
7D
0.6%
1Y
0.7%
NRG
US$164.58
NRG Energy
7D
2.1%
1Y
100.8%