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U.S. Electric Utilities Industry Analysis

UpdatedFeb 21, 2026
DataAggregated Company Financials
Companies31
  • 7D-0.4%
  • 3M4.9%
  • 1Y17.3%
  • YTD6.0%

In the last week, Electric Utilities has been flat. As for the the longer term, the industry is up 17% over the past 12 months. Earnings are forecast to grow by 10% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 21 Feb 2026US$1.0tUS$331.2bUS$45.2b22.1x22.2x3x
Mon, 19 Jan 2026US$941.0bUS$324.7bUS$43.5b20.9x21.6x2.9x
Wed, 17 Dec 2025US$918.4bUS$324.7bUS$43.5b19.5x21.1x2.8x
Fri, 14 Nov 2025US$968.5bUS$326.2bUS$43.7b20.7x22.2x3x
Sun, 12 Oct 2025US$969.4bUS$320.7bUS$40.7b21.2x23.8x3x
Tue, 09 Sep 2025US$870.1bUS$320.7bUS$40.7b19.9x21.4x2.7x
Thu, 07 Aug 2025US$905.1bUS$320.0bUS$39.4b20.8x23x2.8x
Sat, 05 Jul 2025US$857.4bUS$316.4bUS$38.5b20.6x22.2x2.7x
Mon, 02 Jun 2025US$857.9bUS$316.4bUS$38.5b21.2x22.3x2.7x
Wed, 30 Apr 2025US$820.1bUS$310.7bUS$36.9b21x22.2x2.6x
Fri, 28 Mar 2025US$809.4bUS$309.3bUS$38.1b20.6x21.3x2.6x
Sun, 23 Feb 2025US$834.1bUS$309.6bUS$37.4b21x22.3x2.7x
Tue, 21 Jan 2025US$816.0bUS$310.4bUS$35.8b20.4x22.8x2.6x
Thu, 19 Dec 2024US$804.8bUS$319.1bUS$36.9b20.2x21.8x2.5x
Sat, 16 Nov 2024US$824.5bUS$319.1bUS$36.9b20.7x22.4x2.6x
Mon, 14 Oct 2024US$843.5bUS$316.7bUS$36.6b19.6x23.1x2.7x
Wed, 11 Sep 2024US$818.6bUS$316.7bUS$36.6b19.8x22.4x2.6x
Fri, 09 Aug 2024US$788.2bUS$316.3bUS$38.0b19.1x20.7x2.5x
Sun, 07 Jul 2024US$731.8bUS$313.6bUS$38.5b17.1x19x2.3x
Tue, 04 Jun 2024US$773.1bUS$314.0bUS$38.5b17.5x20.1x2.5x
Thu, 02 May 2024US$711.1bUS$315.3bUS$35.5b17.7x20x2.3x
Sat, 30 Mar 2024US$698.2bUS$316.8bUS$34.9b17.9x20x2.2x
Mon, 26 Feb 2024US$654.4bUS$322.4bUS$33.5b17.1x19.5x2x
Wed, 24 Jan 2024US$641.6bUS$322.4bUS$31.8b18.1x20.2x2x
Fri, 22 Dec 2023US$659.3bUS$322.4bUS$31.8b18.7x20.8x2x
Sun, 19 Nov 2023US$648.5bUS$322.4bUS$31.8b18.2x20.4x2x
Tue, 17 Oct 2023US$627.7bUS$325.0bUS$30.5b18.7x20.6x1.9x
Thu, 14 Sep 2023US$671.3bUS$325.0bUS$30.5b19.1x22x2.1x
Sat, 12 Aug 2023US$679.4bUS$325.0bUS$30.5b19.2x22.3x2.1x
Mon, 10 Jul 2023US$686.5bUS$325.6bUS$28.9b18.7x23.7x2.1x
Wed, 07 Jun 2023US$678.8bUS$323.5bUS$28.9b19.3x23.5x2.1x
Fri, 05 May 2023US$714.0bUS$322.9bUS$29.0b20.1x24.6x2.2x
Sun, 02 Apr 2023US$703.0bUS$314.2bUS$29.7b19.5x23.7x2.2x
Tue, 28 Feb 2023US$679.0bUS$314.5bUS$29.8b19x22.8x2.2x
Price to Earnings Ratio

22.8x


Total Market Cap: US$679.0bTotal Earnings: US$29.8bTotal Revenue: US$314.5bTotal 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 3.0x.
Past Earnings Growth
  • The earnings for companies in the Electric Utilities industry have grown 15% 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 Market0.99%
Utilities-0.58%
Electric Utilities-0.36%
Electric Utilities-0.36%
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
CEG Constellation EnergyUS$294.842.2%
+US$2.3b		3.7%PE39x
NRG NRG EnergyUS$179.184.0%
+US$1.5b		69.1%PE28x
SO SouthernUS$94.30-0.7%
US$1.0b		6.7%PE24.3x
EIX Edison InternationalUS$73.743.2%
+US$877.6m		41.3%PE6.4x
POR Portland General ElectricUS$52.44-2.9%
US$482.1m		18.2%PE21.4x

Latest News

ETR
US$104.02
Entergy
7D
-1.0%
1Y
22.2%
SO
US$94.30
Southern
7D
-0.7%
1Y
6.7%
FE
US$50.20
FirstEnergy
7D
0.2%
1Y
18.7%
EVRG
US$80.26
Evergy
7D
-2.9%
1Y
17.9%
PCG
US$18.36
PG&E
7D
1.1%
1Y
14.8%
PPL
US$37.44
PPL
7D
-1.0%
1Y
7.8%
DUK
US$126.78
Duke Energy
7D
-1.1%
1Y
9.7%

DUK: Battery Storage Buildout And Mixed P/E Views Will Shape Future Profile

The updated analyst price target for Duke Energy shifts slightly higher to about $136, with recent mixed target moves across firms linking this to adjusted growth, margin, and P/E assumptions rather than a major change in the fundamental story. Analyst Commentary Recent updates from research desks show a mix of small upward and downward price target moves, which keeps the overall narrative on Duke Energy fairly balanced rather than shifting it in a single clear direction.
EIX
US$73.74
Edison International
7D
3.2%
1Y
41.3%
POR
US$52.44
Portland General Electric
7D
-2.9%
1Y
18.2%
NEE
US$92.18
NextEra Energy
7D
-1.7%
1Y
28.8%
AEP
US$129.37
American Electric Power Company
7D
-0.4%
1Y
22.8%
CEG
US$294.84
Constellation Energy
7D
2.2%
1Y
3.7%

CEG: Nuclear Fleet And Calpine Data Center Deals Will Define Balanced Outlook

Narrative Update Overview The analyst price target for Constellation Energy has shifted by $32.98, as analysts balance Wells Fargo's $18 target cut with TD Cowen's new $440 target. The new target highlights both elevated regulatory risk and potential upside from the Calpine integration and gas PPA deals tied to the nuclear fleet.
EXC
US$47.79
Exelon
7D
-1.4%
1Y
10.1%

Exelon's (NASDAQ:EXC) Shareholders Will Receive A Bigger Dividend Than Last Year

Feb 16
Exelon's (NASDAQ:EXC) Shareholders Will Receive A Bigger Dividend Than Last Year
ES
US$73.56
Eversource Energy
7D
0.3%
1Y
16.1%

Eversource Energy's (NYSE:ES) Shareholders Will Receive A Bigger Dividend Than Last Year

Feb 16
Eversource Energy's (NYSE:ES) Shareholders Will Receive A Bigger Dividend Than Last Year
NRG
US$179.18
NRG Energy
7D
4.0%
1Y
69.1%

NRG: Future Earnings Power From LS Power Assets May Reprice Shares

Analysts have modestly lifted their fair value estimate for NRG Energy to about $313, even as recent price target tweaks from firms like Jefferies, Wells Fargo and Morgan Stanley reflect ongoing debate over growth, margins and an updated future P/E near 24x. Analyst Commentary Recent Street research around NRG Energy highlights a mix of caution and optimism, with several bullish analysts focusing on where execution and valuation may still offer room for upside relative to their fair value work and updated P/E assumptions.
OKLO
US$63.83
Oklo
7D
-2.8%
1Y
64.6%