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U.S. Electric Utilities Industry Analysis

UpdatedJan 22, 2026
DataAggregated Company Financials
Companies31
  • 7D-0.4%
  • 3M-5.2%
  • 1Y12.2%
  • YTD-0.8%

Over the last 7 days, the Electric Utilities industry has remained flat, although notably Constellation Energy declined by 11%. The past year has been better, since the industry has gained 12% in that time. 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
Fri, 23 Jan 2026US$932.8bUS$324.7bUS$43.8b20.9x21.3x2.9x
Sun, 21 Dec 2025US$906.6bUS$324.7bUS$43.5b19.4x20.8x2.8x
Tue, 18 Nov 2025US$950.8bUS$326.2bUS$43.7b20.9x21.8x2.9x
Thu, 16 Oct 2025US$991.0bUS$320.7bUS$40.7b21.4x24.3x3.1x
Sat, 13 Sep 2025US$885.4bUS$320.7bUS$40.7b20x21.8x2.8x
Mon, 11 Aug 2025US$899.2bUS$320.6bUS$40.7b20.7x22.1x2.8x
Wed, 09 Jul 2025US$859.7bUS$316.4bUS$38.5b20.6x22.3x2.7x
Fri, 06 Jun 2025US$839.3bUS$316.4bUS$38.5b20.6x21.8x2.7x
Sun, 04 May 2025US$830.6bUS$313.4bUS$39.0b21.1x21.3x2.7x
Tue, 01 Apr 2025US$815.3bUS$309.3bUS$38.1b21x21.4x2.6x
Thu, 27 Feb 2025US$832.3bUS$309.3bUS$37.5b20.9x22.2x2.7x
Sat, 25 Jan 2025US$816.3bUS$310.4bUS$35.8b20.3x22.8x2.6x
Mon, 23 Dec 2024US$800.6bUS$319.1bUS$36.9b20.5x21.7x2.5x
Wed, 20 Nov 2024US$839.4bUS$319.1bUS$37.4b21x22.5x2.6x
Fri, 18 Oct 2024US$874.0bUS$316.7bUS$36.6b20x23.9x2.8x
Sun, 15 Sep 2024US$837.1bUS$316.7bUS$36.6b20.1x22.9x2.6x
Tue, 13 Aug 2024US$790.6bUS$316.7bUS$37.1b19.3x21.3x2.5x
Thu, 11 Jul 2024US$734.5bUS$313.6bUS$38.5b17.3x19.1x2.3x
Sat, 08 Jun 2024US$751.5bUS$314.0bUS$38.5b16.9x19.5x2.4x
Mon, 06 May 2024US$729.6bUS$315.5bUS$35.8b17.1x20.4x2.3x
Wed, 03 Apr 2024US$693.4bUS$316.8bUS$34.9b17.8x19.8x2.2x
Fri, 01 Mar 2024US$655.1bUS$319.0bUS$34.9b16.7x18.7x2.1x
Sun, 28 Jan 2024US$650.0bUS$322.5bUS$31.5b18.1x20.7x2x
Tue, 26 Dec 2023US$662.5bUS$322.4bUS$31.8b18.8x20.9x2.1x
Thu, 23 Nov 2023US$647.3bUS$322.4bUS$31.8b18.2x20.4x2x
Sat, 21 Oct 2023US$608.9bUS$325.0bUS$30.5b18.1x20x1.9x
Mon, 18 Sep 2023US$678.3bUS$325.0bUS$30.5b19.3x22.2x2.1x
Wed, 16 Aug 2023US$661.5bUS$325.0bUS$30.5b18.8x21.7x2x
Fri, 14 Jul 2023US$704.7bUS$325.6bUS$28.9b19x24.4x2.2x
Sun, 11 Jun 2023US$688.2bUS$323.5bUS$28.9b19.4x23.8x2.1x
Tue, 09 May 2023US$718.4bUS$323.1bUS$28.8b20x24.9x2.2x
Thu, 06 Apr 2023US$719.4bUS$314.2bUS$29.7b20.1x24.3x2.3x
Sat, 04 Mar 2023US$682.3bUS$314.2bUS$29.6b19.1x23x2.2x
Mon, 30 Jan 2023US$707.0bUS$322.3bUS$31.9b19.1x22.2x2.2x
Price to Earnings Ratio

22.2x


Total Market Cap: US$707.0bTotal Earnings: US$31.9bTotal Revenue: US$322.3bTotal 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-0.93%
Utilities-0.31%
Electric Utilities-0.45%
Electric Utilities-0.45%
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$85.073.5%
+US$6.0b		22.9%PE27.2x
PPL PPLUS$36.632.6%
+US$680.6m		11.9%PE24.9x
EXC ExelonUS$44.601.0%
+US$454.6m		13.7%PE16x
XEL Xcel EnergyUS$75.860.7%
+US$295.8m		14.8%PE23.4x
ES Eversource EnergyUS$70.451.1%
+US$285.1m		25.3%PE19.7x

Latest News

CEG
US$287.35
Constellation Energy
7D
-15.8%
1Y
-17.0%
PPL
US$36.63
PPL
7D
2.6%
1Y
11.9%
HE
US$15.03
Hawaiian Electric Industries
7D
5.3%
1Y
65.3%
ETR
US$93.54
Entergy
7D
-2.2%
1Y
14.2%

ETR: Gulf Coast Load Expansion And Supportive Regulation Will Shape Balanced Outlook

Narrative Update The analyst price target for Entergy edges higher to about $105 per share as analysts factor in slightly stronger revenue growth, modestly higher profit margins, and a lower discount rate. This view is partly supported by recent research citing industrial and data center demand along with constructive state regulatory environments.
AEP
US$117.18
American Electric Power Company
7D
-1.9%
1Y
20.2%
XEL
US$75.86
Xcel Energy
7D
0.7%
1Y
14.8%
SO
US$87.51
Southern
7D
-1.4%
1Y
6.4%
DUK
US$117.71
Duke Energy
7D
-1.0%
1Y
7.7%
FE
US$47.05
FirstEnergy
7D
1.0%
1Y
20.6%
NEE
US$85.07
NextEra Energy
7D
3.5%
1Y
22.9%
PCG
US$15.10
PG&E
7D
-4.3%
1Y
-7.0%

PCG: Data Center Demand And Grid Investment Cycle Will Drive Future Upside

PG&E's consensus analyst price target has recently shifted higher into the low $20s, with analysts pointing to sector-wide target resets, TD's view of a significant long term grid investment cycle tied to data center demand, and expectations that PG&E's current valuation does not fully reflect these themes, even as California cost of capital debates continue. Analyst Commentary Recent research highlights a split view on PG&E, with some analysts focused on long term grid investment tied to data center demand and others emphasizing regulatory risk around California's cost of capital.
EIX
US$60.74
Edison International
7D
-1.3%
1Y
6.0%

EIX: Future Returns Will Be Constrained By California ROE Cut Risk

Narrative Update Overview Analysts have raised their price targets on Edison International by between US$1 and US$6 per share, citing updated earnings estimates, the net present value of wildfire fund contributions, and refreshed sector views on regulated utilities and data center driven demand, while also weighing potential California cost of capital headwinds. Analyst Commentary Recent research on Edison International shows a split view.
NRG
US$151.09
NRG Energy
7D
-4.7%
1Y
36.7%

NRG: Data Center Pipelines And Buybacks Will Drive Future Upside

Analysts have slightly raised their fair value estimate for NRG Energy to about $201.96 from $201.58 and increased their price target to $145, reflecting updated views on long term profit margins and future P/E assumptions across regulated and diversified utilities and IPPs. Analyst Commentary Recent Street research around NRG Energy highlights a mix of optimism and caution as analysts update their views across the broader Regulated and Diversified Utilities and IPP group. Bullish Takeaways Bullish analysts are comfortable reaffirming a neutral stance while still lifting their price targets to US$145, which signals confidence that updated P/E assumptions and margin expectations support a higher fair value anchor for the stock.
ES
US$70.45
Eversource Energy
7D
1.1%
1Y
25.3%

ES: Reaffirmed 2025 EPS Guidance Will Support A Higher Future Earnings Multiple

Analysts have trimmed their price target on Eversource Energy by about $0.89, reflecting slightly higher discount rate assumptions, a modest adjustment to projected revenue growth, and a small tweak to expected profit margin and future P/E levels. 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 (Board Meeting).
EXC
US$44.60
Exelon
7D
1.0%
1Y
13.7%

EXC: Pennsylvania Step Up And Wires Only Profile Should Support Upside

Analysts have lifted their average price target for Exelon by a little over $0.10 per share, citing a combination of higher P/E assumptions, slightly stronger modeled revenue growth, and ongoing regulatory visibility. These factors are partially offset by modestly softer profit margin expectations and affordability concerns.
EVRG
US$76.23
Evergy
7D
0.6%
1Y
20.9%

EVRG: Constructive Regulation And Customer Progress Will Support Earnings Visibility Through 2029

Analysts have nudged their price expectations for Evergy higher, citing updated targets in the US$77 to US$87 range. These targets are supported by views on constructive regulation, customer growth progress, and a refreshed business plan expected later this year.