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U.S. Electric Utilities Industry Analysis

UpdatedFeb 05, 2026
DataAggregated Company Financials
Companies31
  • 7D-1.3%
  • 3M-3.9%
  • 1Y10.9%
  • YTD-1.7%

Over the last 7 days, the Electric Utilities industry has dropped 1.3%, driven by a pullback from Constellation Energy of 13%. Over the past 12 months, the industry was up 11%. 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, 05 Feb 2026US$939.6bUS$325.8bUS$43.9b21x21.4x2.9x
Sat, 03 Jan 2026US$913.4bUS$324.7bUS$43.5b19.7x21x2.8x
Mon, 01 Dec 2025US$969.6bUS$326.2bUS$43.7b21x22.2x3x
Wed, 29 Oct 2025US$986.8bUS$321.4bUS$41.0b21.3x24.1x3.1x
Fri, 26 Sep 2025US$913.9bUS$320.7bUS$40.7b20.4x22.5x2.9x
Sun, 24 Aug 2025US$900.1bUS$320.7bUS$40.7b20.6x22.1x2.8x
Tue, 22 Jul 2025US$876.0bUS$316.4bUS$38.5b21.6x22.7x2.8x
Thu, 19 Jun 2025US$836.7bUS$316.4bUS$38.5b20.2x21.7x2.6x
Sat, 17 May 2025US$851.8bUS$316.4bUS$38.5b21x22.1x2.7x
Mon, 14 Apr 2025US$798.1bUS$309.3bUS$38.1b20x21x2.6x
Wed, 12 Mar 2025US$814.9bUS$309.3bUS$37.6b20.2x21.7x2.6x
Fri, 07 Feb 2025US$816.2bUS$308.6bUS$35.8b20.5x22.8x2.6x
Sun, 05 Jan 2025US$798.7bUS$310.4bUS$35.8b20.5x22.3x2.6x
Tue, 03 Dec 2024US$869.3bUS$319.1bUS$36.9b21.3x23.6x2.7x
Thu, 31 Oct 2024US$844.2bUS$318.1bUS$37.8b19.5x22.4x2.7x
Sat, 28 Sep 2024US$851.4bUS$316.7bUS$36.6b20x23.3x2.7x
Mon, 26 Aug 2024US$804.6bUS$316.7bUS$36.6b19.3x22x2.5x
Wed, 24 Jul 2024US$756.4bUS$313.6bUS$38.5b18.3x19.6x2.4x
Fri, 21 Jun 2024US$732.8bUS$313.6bUS$38.5b17.1x19x2.3x
Sun, 19 May 2024US$768.4bUS$314.0bUS$38.5b17.7x19.9x2.4x
Tue, 16 Apr 2024US$685.7bUS$316.8bUS$34.9b17.5x19.6x2.2x
Thu, 14 Mar 2024US$665.4bUS$316.8bUS$34.9b17.6x19x2.1x
Sat, 10 Feb 2024US$637.8bUS$322.7bUS$31.9b17.3x20x2x
Mon, 08 Jan 2024US$682.0bUS$322.4bUS$31.8b19.4x21.5x2.1x
Wed, 06 Dec 2023US$658.7bUS$322.4bUS$31.8b18.5x20.7x2x
Fri, 03 Nov 2023US$636.9bUS$323.2bUS$30.9b18.6x20.6x2x
Sun, 01 Oct 2023US$618.4bUS$325.0bUS$30.5b18x20.3x1.9x
Tue, 29 Aug 2023US$663.4bUS$325.0bUS$30.5b18.9x21.8x2x
Thu, 27 Jul 2023US$715.9bUS$327.8bUS$30.4b19.2x23.6x2.2x
Sat, 24 Jun 2023US$684.9bUS$325.6bUS$28.9b18.5x23.7x2.1x
Mon, 22 May 2023US$688.2bUS$323.5bUS$28.9b19.1x23.8x2.1x
Wed, 19 Apr 2023US$718.0bUS$314.2bUS$29.7b19.9x24.2x2.3x
Fri, 17 Mar 2023US$697.5bUS$314.2bUS$29.7b19.6x23.5x2.2x
Sun, 12 Feb 2023US$693.1bUS$323.5bUS$32.0b18.9x21.7x2.1x
Price to Earnings Ratio

21.7x


Total Market Cap: US$693.1bTotal Earnings: US$32.0bTotal Revenue: US$323.5bTotal 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 11% 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-1.46%
Utilities-1.06%
Electric Utilities-1.29%
Electric Utilities-1.29%
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$89.972.7%
+US$5.0b		30.0%PE27.4x
PCG PG&EUS$16.238.7%
+US$2.9b		3.1%PE13.7x
SO SouthernUS$90.292.2%
+US$2.2b		7.7%PE22.3x
DUK Duke EnergyUS$122.211.6%
+US$1.5b		7.3%PE19.3x
NRG NRG EnergyUS$143.99-7.2%
US$1.2b		40.0%PE22.5x

Latest News

CEG
US$250.46
Constellation Energy
7D
-13.0%
1Y
-20.2%

Why We're Not Concerned Yet About Constellation Energy Corporation's (NASDAQ:CEG) 29% Share Price Plunge

Feb 05
Why We're Not Concerned Yet About Constellation Energy Corporation's (NASDAQ:CEG) 29% Share Price Plunge
EIX
US$63.46
Edison International
7D
1.9%
1Y
21.0%
ETR
US$96.83
Entergy
7D
0.4%
1Y
17.4%
NEE
US$89.97
NextEra Energy
7D
2.7%
1Y
30.0%
NRG
US$143.99
NRG Energy
7D
-7.2%
1Y
40.0%
EXC
US$43.43
Exelon
7D
-3.0%
1Y
5.8%
PPL
US$35.13
PPL
7D
-4.3%
1Y
3.6%
SO
US$90.29
Southern
7D
2.2%
1Y
7.7%
FE
US$46.40
FirstEnergy
7D
-2.1%
1Y
15.4%
ES
US$68.24
Eversource Energy
7D
-2.4%
1Y
16.5%
PCG
US$16.23
PG&E
7D
8.7%
1Y
3.1%

PCG: Cost Of Capital Decision Will Shape Future Earnings Power

Narrative Update Analysts have nudged their PG&E price target higher by about US$1 to roughly US$21.27. They cite updated assumptions for revenue growth, profit margins and future P/E following recent regulatory commentary on California utilities and cost of capital.
AEP
US$119.98
American Electric Power Company
7D
0.7%
1Y
20.7%

AEP: Data Center Demand And Grid Plan Will Test Premium Valuation

Analysts have slightly raised their price targets on American Electric Power Company by a few dollars, citing updated assumptions around revenue growth, profit margins, and future P/E multiples. They generally view the shares as fairly valued, with execution and regulatory progress identified as key drivers.
TXNM
US$58.91
TXNM Energy
7D
-0.7%
1Y
19.8%

TXNM: Hold Downgrade And Dividend Commitments Will Shape Fairly Valued Outlook

Narrative Update on TXNM Energy The consensus analyst price target for TXNM Energy has shifted to $61.25 from $58, with analysts citing the recent downgrade to Hold as a key factor behind the updated view. Analyst Commentary Recent research reflects a more balanced stance on TXNM Energy, with the new Hold rating paired with a higher price target of $61.25 compared with $58 previously.
DUK
US$122.21
Duke Energy
7D
1.6%
1Y
7.3%

DUK: Regulatory Progress And Battery Projects Will Support Future Upside

Narrative Update The updated analyst price target for Duke Energy edges slightly lower to about $135 per share, reflecting analysts' mixed revisions across recent research. Some emphasize improved regulatory footing and balance sheet progress, while others temper expectations using modestly lower P/E assumptions and profitability estimates.
OKLO
US$68.23
Oklo
7D
-27.7%
1Y
35.1%