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U.S. Electric Utilities Industry Analysis

UpdatedApr 06, 2026
DataAggregated Company Financials
Companies30
  • 7D1.1%
  • 3M7.0%
  • 1Y26.6%
  • YTD6.2%

In the last week, the Electric Utilities industry is up 1.1%, with NextEra Energy up 1.9%. Meanwhile, Constellation Energy actually underperformed within the industry, shrinking 9.5% in the last week. This means that the industry has gained 27% over the past year. As for the next few years, earnings are expected to grow by 11% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 06 Apr 2026US$1.0tUS$332.6bUS$44.2b21.9x22.9x3x
Wed, 04 Mar 2026US$1.0tUS$332.6bUS$44.2b22.6x23.5x3.1x
Fri, 30 Jan 2026US$940.7bUS$325.8bUS$43.9b20.8x21.4x2.9x
Sun, 28 Dec 2025US$916.8bUS$324.7bUS$43.5b19.6x21.1x2.8x
Tue, 25 Nov 2025US$939.0bUS$326.2bUS$43.7b20.9x21.5x2.9x
Thu, 23 Oct 2025US$974.1bUS$320.7bUS$40.7b21.4x23.9x3x
Sat, 20 Sep 2025US$884.5bUS$320.7bUS$40.7b20.1x21.7x2.8x
Mon, 18 Aug 2025US$895.3bUS$320.7bUS$40.7b20.3x22x2.8x
Wed, 16 Jul 2025US$867.2bUS$316.4bUS$38.5b21x22.5x2.7x
Fri, 13 Jun 2025US$844.5bUS$316.4bUS$38.5b20.7x21.9x2.7x
Sun, 11 May 2025US$841.0bUS$315.2bUS$38.3b20.9x22x2.7x
Tue, 08 Apr 2025US$779.7bUS$309.3bUS$38.1b19.3x20.5x2.5x
Thu, 06 Mar 2025US$815.0bUS$309.3bUS$37.6b20.4x21.7x2.6x
Sat, 01 Feb 2025US$814.4bUS$308.9bUS$35.7b20.5x22.8x2.6x
Mon, 30 Dec 2024US$790.7bUS$310.4bUS$35.8b20.7x22.1x2.5x
Wed, 27 Nov 2024US$854.0bUS$319.1bUS$36.9b21.4x23.2x2.7x
Fri, 25 Oct 2024US$874.7bUS$317.3bUS$37.4b20.1x23.4x2.8x
Sun, 22 Sep 2024US$852.3bUS$316.7bUS$36.6b19.9x23.3x2.7x
Tue, 20 Aug 2024US$798.0bUS$316.7bUS$36.6b19.3x21.8x2.5x
Thu, 18 Jul 2024US$749.3bUS$313.6bUS$38.5b18.3x19.5x2.4x
Sat, 15 Jun 2024US$745.1bUS$314.0bUS$38.5b16.9x19.3x2.4x
Mon, 13 May 2024US$756.8bUS$314.0bUS$38.5b17.7x19.6x2.4x
Wed, 10 Apr 2024US$700.0bUS$316.8bUS$34.9b18.2x20x2.2x
Fri, 08 Mar 2024US$666.2bUS$316.8bUS$35.0b17.2x19x2.1x
Sun, 04 Feb 2024US$651.8bUS$322.5bUS$31.5b18.2x20.7x2x
Tue, 02 Jan 2024US$670.2bUS$322.4bUS$31.8b19x21.1x2.1x
Thu, 30 Nov 2023US$656.0bUS$322.4bUS$31.8b18.5x20.7x2x
Sat, 28 Oct 2023US$617.0bUS$325.5bUS$29.9b18.3x20.7x1.9x
Mon, 25 Sep 2023US$667.5bUS$325.0bUS$30.5b18.9x21.9x2.1x
Wed, 23 Aug 2023US$660.4bUS$325.0bUS$30.5b18.7x21.7x2x
Fri, 21 Jul 2023US$708.0bUS$325.6bUS$28.9b19.3x24.5x2.2x
Sun, 18 Jun 2023US$702.6bUS$325.6bUS$28.9b19.1x24.3x2.2x
Tue, 16 May 2023US$710.2bUS$323.5bUS$28.9b19.6x24.6x2.2x
Thu, 13 Apr 2023US$725.2bUS$314.2bUS$29.7b20x24.5x2.3x
Price to Earnings Ratio

24.5x


Total Market Cap: US$725.2bTotal 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 3.0x.
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 Market3.46%
Utilities1.59%
Electric Utilities1.14%
Electric Utilities1.14%
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$93.151.2%
+US$2.5b		43.2%PE28.4x
NRG NRG EnergyUS$152.698.1%
+US$2.5b		75.0%PE41x
ETR EntergyUS$114.903.5%
+US$1.8b		44.8%PE29.9x
XEL Xcel EnergyUS$80.742.0%
+US$982.6m		20.4%PE25x
AEP American Electric Power CompanyUS$132.681.2%
+US$846.1m		30.6%PE20.1x

Latest News

NRG
US$152.69
NRG Energy
7D
8.1%
1Y
75.0%

NRG: LS Power Acquisition And Margin Expansion Will Drive Future Repricing

NRG Energy's updated analyst price target has edged lower to $282.26 from $312.69, as analysts factor in assumptions of slower revenue growth along with higher expected profit margins and a richer future P/E multiple. Analyst Commentary Recent Street research around NRG Energy points to a mix of views, but several high profile firms highlight potential upside tied to execution on recent acquisitions and expectations for stronger profitability.
ETR
US$114.90
Entergy
7D
3.5%
1Y
44.8%

ETR: Gulf Coast Demand And Regulation Will Guide Data Center Capital Plans

Entergy's fair value estimate has moved from $109.15 to $113.56 as analysts lift price targets across the sector, citing updated earnings guidance, increased capital plans, and expectations for continued industrial and data center driven demand. Analyst Commentary Recent research shows a cluster of price target revisions around Entergy, with most firms raising their targets and a smaller group trimming them.
NEE
US$93.15
NextEra Energy
7D
1.2%
1Y
43.2%
XEL
US$80.74
Xcel Energy
7D
2.0%
1Y
20.4%
AEP
US$132.68
American Electric Power Company
7D
1.2%
1Y
30.6%
CEG
US$272.82
Constellation Energy
7D
-8.6%
1Y
51.7%

CEG: PJM Contracting Acceleration Through 2026 Will Drive Bullish Outlook

Analysts now set a revised fair value estimate of $330.00 for Constellation Energy, up from $296.83. This reflects updated views on longer term earnings power, slightly higher assumed profit margins, and a richer future P/E multiple, despite more cautious revenue growth assumptions and a recent mix of target cuts and reaffirmed optimism across Street research.
EIX
US$73.46
Edison International
7D
2.3%
1Y
37.0%
PCG
US$17.77
PG&E
7D
1.7%
1Y
10.5%

PCG: Wildfire Policy Reform And Liability Legislation Will Drive Future Repricing

PG&E's analyst price targets have edged higher, with the average fair value estimate moving from $22.40 to about $22.53 as analysts factor in updated views on wildfire policy, affordability, and potential changes to utility liability in California. Analyst Commentary Recent research shows a mix of optimism and caution around PG&E, with several firms adjusting ratings and targets as they reassess wildfire policy, affordability, and California utility regulation.
SO
US$97.45
Southern
7D
0.5%
1Y
11.7%