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U.S. Electric Utilities Industry Analysis

UpdatedMar 24, 2026
DataAggregated Company Financials
Companies31
  • 7D-4.5%
  • 3M4.4%
  • 1Y17.1%
  • YTD3.2%

The Electric Utilities industry is down 4.5% over the last week with Southern the worst performer, down 5.4%. In the past year, the industry has gained 17%. Looking forward, 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
Tue, 24 Mar 2026US$972.6bUS$332.6bUS$44.2b20.9x22x2.9x
Thu, 19 Feb 2026US$1.0tUS$328.4bUS$44.2b21.8x22.7x3.1x
Sat, 17 Jan 2026US$947.8bUS$324.7bUS$43.5b20.9x21.8x2.9x
Mon, 15 Dec 2025US$915.1bUS$326.2bUS$43.7b20x20.9x2.8x
Wed, 12 Nov 2025US$961.7bUS$326.2bUS$43.7b20.9x22x2.9x
Fri, 10 Oct 2025US$971.7bUS$320.7bUS$40.7b21.1x23.9x3x
Sun, 07 Sep 2025US$873.6bUS$320.7bUS$40.7b20x21.5x2.7x
Tue, 05 Aug 2025US$895.2bUS$319.5bUS$40.1b21x22.3x2.8x
Thu, 03 Jul 2025US$857.8bUS$316.4bUS$38.5b20.5x22.3x2.7x
Sat, 31 May 2025US$848.5bUS$316.4bUS$38.5b21.2x22x2.7x
Mon, 28 Apr 2025US$814.9bUS$310.6bUS$36.6b20.5x22.3x2.6x
Wed, 26 Mar 2025US$815.7bUS$309.3bUS$38.1b20.3x21.4x2.6x
Fri, 21 Feb 2025US$832.7bUS$309.6bUS$37.3b20.8x22.3x2.7x
Sun, 19 Jan 2025US$816.0bUS$310.4bUS$35.8b20.4x22.8x2.6x
Tue, 17 Dec 2024US$812.9bUS$319.1bUS$36.9b20.7x22x2.5x
Thu, 14 Nov 2024US$827.1bUS$319.1bUS$36.9b20.8x22.4x2.6x
Sat, 12 Oct 2024US$835.8bUS$316.7bUS$36.6b19.6x22.8x2.6x
Mon, 09 Sep 2024US$811.5bUS$316.7bUS$36.6b19.7x22.2x2.6x
Wed, 07 Aug 2024US$777.0bUS$315.7bUS$37.9b19.6x20.5x2.5x
Fri, 05 Jul 2024US$730.4bUS$313.6bUS$38.5b17x19x2.3x
Sun, 02 Jun 2024US$773.1bUS$314.0bUS$38.5b17.6x20.1x2.5x
Tue, 30 Apr 2024US$705.4bUS$315.0bUS$35.2b18.2x20x2.2x
Thu, 28 Mar 2024US$693.5bUS$316.8bUS$34.9b17.9x19.8x2.2x
Sat, 24 Feb 2024US$654.1bUS$322.9bUS$32.6b17.1x20.1x2x
Mon, 22 Jan 2024US$644.5bUS$322.4bUS$31.8b18.1x20.3x2x
Wed, 20 Dec 2023US$672.7bUS$322.4bUS$31.8b19.1x21.2x2.1x
Fri, 17 Nov 2023US$648.5bUS$322.4bUS$31.8b18.4x20.4x2x
Sun, 15 Oct 2023US$622.5bUS$325.0bUS$30.5b18.6x20.4x1.9x
Tue, 12 Sep 2023US$661.9bUS$325.0bUS$30.5b18.8x21.7x2x
Thu, 10 Aug 2023US$677.6bUS$325.2bUS$30.5b19.1x22.2x2.1x
Sat, 08 Jul 2023US$686.5bUS$325.6bUS$28.9b18.7x23.7x2.1x
Mon, 05 Jun 2023US$677.9bUS$323.5bUS$28.9b19.3x23.4x2.1x
Wed, 03 May 2023US$712.1bUS$319.0bUS$31.9b20x22.3x2.2x
Fri, 31 Mar 2023US$697.7bUS$314.2bUS$29.7b19.4x23.5x2.2x
Price to Earnings Ratio

23.5x


Total Market Cap: US$697.7bTotal 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 2.9x.
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 Market-1.74%
Utilities-4.47%
Electric Utilities-4.50%
Electric Utilities-4.50%
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$56.26-5.7%
US$438.6m		82.0%PB6.6x
MGEE MGE EnergyUS$76.110.8%
+US$23.0m		-17.0%PE20.5x

Latest News

SO
US$93.75
Southern
7D
-5.4%
1Y
5.5%
XEL
US$76.95
Xcel Energy
7D
-5.7%
1Y
11.7%

XEL: Data Center Agreements And Transmission Expansion Will Shape Future Returns

Analysts have nudged their Xcel Energy fair value estimate higher, reflecting a modest increase in the target to $89.76 from $88.94 as they factor in updated price targets and discussion around data center demand, affordability, and political considerations in recent research. Analyst Commentary Recent price target changes around Xcel Energy highlight a mixed but engaged view from the Street, with several firms revisiting their assumptions on valuation, data center exposure, and regulatory risk.
NEE
US$90.23
NextEra Energy
7D
-2.8%
1Y
28.8%

NEE: Data Center Power Deals Will Likely Lag Elevated EPS Ambitions

Analysts have inched their average price target for NextEra Energy higher to the low $100s, citing stronger long term EPS growth targets, solid operating margins, and growing power demand from large load customers such as data centers as key supports for the new valuation range. Analyst Commentary Recent Street research points to a split view on NextEra Energy, with several firms lifting price targets into the low US$100s while still flagging execution and policy risks that could affect how the story plays out over time.
DUK
US$127.34
Duke Energy
7D
-4.6%
1Y
7.8%

DUK: Battery Storage Buildout And Data Center Demand Will Guide Balanced Outlook

Narrative Update The analyst price target embedded in the fair value framework edges higher to about $138. Analysts cite steady regulated growth expectations, an active load growth and data center pipeline, and recent target resets across firms after Duke Energy's roughly 15% share price move since early December.
CEG
US$289.76
Constellation Energy
7D
-5.2%
1Y
26.7%

Constellation Energy Corp. (CEG): The Nuclear AI Titan – Electrifying the Intelligence Age

Vestra has increased revenue growth from 13.6% to 24.8%.
AEP
US$127.92
American Electric Power Company
7D
-4.6%
1Y
22.8%
PCG
US$17.39
PG&E
7D
-5.7%
1Y
1.6%
EXC
US$47.17
Exelon
7D
-6.2%
1Y
8.2%
OKLO
US$56.26
Oklo
7D
-5.7%
1Y
82.0%

Advanced Nuclear Policy And Fuel Progress Will Support Long-Term Clean Power And Isotope Demand

Catalysts About Oklo Oklo develops and deploys advanced nuclear reactors, fuel cycle capabilities and radioisotope facilities through an integrated power, fuel and isotopes platform. What are the underlying business or industry changes driving this perspective?
MGEE
US$76.11
MGE Energy
7D
0.8%
1Y
-17.0%