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U.S. Electric Utilities Industry Analysis

UpdatedFeb 24, 2026
DataAggregated Company Financials
Companies31
  • 7D0.7%
  • 3M4.8%
  • 1Y19.3%
  • YTD7.0%

The Electric Utilities industry has stayed flat over the last week. As for the the longer term, the industry is up 17% over the past 12 months. 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
Tue, 24 Feb 2026US$1.0tUS$331.3bUS$45.3b22.5x22.3x3x
Thu, 22 Jan 2026US$932.8bUS$324.7bUS$43.8b20.9x21.3x2.9x
Sat, 20 Dec 2025US$918.1bUS$324.7bUS$43.5b19.4x21.1x2.8x
Mon, 17 Nov 2025US$950.8bUS$326.2bUS$43.7b20.7x21.8x2.9x
Wed, 15 Oct 2025US$979.3bUS$320.7bUS$40.7b21.3x24.1x3.1x
Fri, 12 Sep 2025US$879.9bUS$320.7bUS$40.7b20.1x21.6x2.7x
Sun, 10 Aug 2025US$899.2bUS$320.6bUS$40.7b20.7x22.1x2.8x
Tue, 08 Jul 2025US$857.4bUS$316.4bUS$38.5b20.6x22.2x2.7x
Thu, 05 Jun 2025US$857.3bUS$316.4bUS$38.5b20.6x22.2x2.7x
Sat, 03 May 2025US$826.1bUS$313.4bUS$39.0b21.1x21.2x2.6x
Mon, 31 Mar 2025US$815.3bUS$309.3bUS$38.1b20.7x21.4x2.6x
Wed, 26 Feb 2025US$828.9bUS$309.3bUS$37.3b21x22.2x2.7x
Fri, 24 Jan 2025US$811.5bUS$310.4bUS$35.8b20.2x22.7x2.6x
Sun, 22 Dec 2024US$800.5bUS$319.1bUS$36.9b20.5x21.7x2.5x
Tue, 19 Nov 2024US$834.1bUS$319.1bUS$37.4b20.9x22.3x2.6x
Thu, 17 Oct 2024US$863.9bUS$316.7bUS$36.6b20.2x23.6x2.7x
Sat, 14 Sep 2024US$827.3bUS$316.7bUS$36.6b20.1x22.6x2.6x
Mon, 12 Aug 2024US$790.6bUS$316.7bUS$37.1b19.3x21.3x2.5x
Wed, 10 Jul 2024US$732.0bUS$313.6bUS$38.5b17.2x19x2.3x
Fri, 07 Jun 2024US$758.5bUS$314.0bUS$38.5b17.1x19.7x2.4x
Sun, 05 May 2024US$729.6bUS$315.5bUS$35.8b17.1x20.4x2.3x
Tue, 02 Apr 2024US$697.2bUS$316.8bUS$34.9b17.8x20x2.2x
Thu, 29 Feb 2024US$654.0bUS$321.6bUS$33.5b16.8x19.6x2x
Sat, 27 Jan 2024US$647.7bUS$322.5bUS$31.5b18.1x20.6x2x
Mon, 25 Dec 2023US$662.5bUS$322.4bUS$31.8b18.8x20.9x2.1x
Wed, 22 Nov 2023US$649.3bUS$322.4bUS$31.8b18.2x20.4x2x
Fri, 20 Oct 2023US$615.0bUS$325.0bUS$30.5b18.3x20.2x1.9x
Sun, 17 Sep 2023US$678.3bUS$325.0bUS$30.5b19.3x22.2x2.1x
Tue, 15 Aug 2023US$672.9bUS$325.0bUS$30.5b19x22.1x2.1x
Thu, 13 Jul 2023US$702.5bUS$325.6bUS$28.9b19.2x24.3x2.2x
Sat, 10 Jun 2023US$688.2bUS$323.5bUS$28.9b19.4x23.8x2.1x
Mon, 08 May 2023US$718.7bUS$323.1bUS$28.8b20x25x2.2x
Wed, 05 Apr 2023US$701.5bUS$314.2bUS$29.7b19.4x23.7x2.2x
Fri, 03 Mar 2023US$669.8bUS$314.2bUS$29.6b18.9x22.6x2.1x
Price to Earnings Ratio

22.6x


Total Market Cap: US$669.8bTotal Earnings: US$29.6bTotal 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 2.4x 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 Market-0.35%
Utilities0.026%
Electric Utilities0.67%
Electric Utilities0.67%
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
SO SouthernUS$95.180.2%
+US$2.0b		7.1%PE24.5x
CEG Constellation EnergyUS$293.801.9%
+US$1.9b		9.7%PE38.9x
EIX Edison InternationalUS$74.654.5%
+US$1.2b		42.9%PE6.4x
AEP American Electric Power CompanyUS$132.031.6%
+US$1.1b		24.2%PE19.9x
XEL Xcel EnergyUS$83.352.2%
+US$1.0b		17.8%PE24.4x

Latest News

AEP
US$132.03
American Electric Power Company
7D
1.6%
1Y
24.2%
PCG
US$18.48
PG&E
7D
1.8%
1Y
15.4%
EVRG
US$82.11
Evergy
7D
-0.7%
1Y
20.1%

EVRG: Mixed Rating Shifts Will Shape Execution Confidence And Earnings Stability

Evergy's analyst price target has moved higher, climbing by $1.64 as analysts factor in slightly adjusted growth and margin assumptions and a series of recent target revisions from Citi, Barclays, Wells Fargo and others. Analyst Commentary Recent research on Evergy has been mixed, with some bullish analysts lifting price targets and more cautious voices trimming theirs or shifting ratings.
EIX
US$74.65
Edison International
7D
4.5%
1Y
42.9%
NRG
US$176.52
NRG Energy
7D
2.4%
1Y
70.7%

NRG: Future Cash Returns From Gas Assets And Dividends Will Matter

Analysts have nudged their blended price target for NRG Energy higher to $153, reflecting updated assumptions that pair a slightly higher fair value estimate with modest tweaks to revenue growth, profit margin, discount rate, and future P/E expectations. Analyst Commentary Recent Street research around NRG Energy shows a mix of optimism and caution, with price targets moving in both directions and ratings holding steady in the middle of the range.
XEL
US$83.35
Xcel Energy
7D
2.2%
1Y
17.8%

XEL: Data Center Load And Grid Projects Will Shape Future Earnings Visibility

Our Xcel Energy narrative fair value estimate edges up by about $1.35 to $88.65, reflecting analysts' refreshed price targets and updated views on profit margins, growth, and data center related demand drivers. Analyst Commentary Recent Street research on Xcel Energy reflects a mix of optimism and caution, with several large firms updating their price targets and ratings as they reassess data center exposure, earnings visibility, and relative valuation versus broader utilities.
SO
US$95.18
Southern
7D
0.2%
1Y
7.1%

SO: Fair Value Outlook Will Balance Higher Profitability And Slightly Lower Future P/E

Analysts have reduced their price target for Southern by about $1, reflecting updated assumptions about fair value, discount rate, revenue growth, profit margin, and future P/E expectations. Valuation Changes Fair Value was reduced slightly from $99.23 to $98.13, reflecting updated model inputs.
ETR
US$104.87
Entergy
7D
-0.2%
1Y
23.0%
DUK
US$127.79
Duke Energy
7D
-0.3%
1Y
10.2%

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.
MGEE
US$81.50
MGE Energy
7D
-1.7%
1Y
-12.4%
POR
US$53.65
Portland General Electric
7D
-0.6%
1Y
21.1%
OTTR
US$85.46
Otter Tail
7D
-3.1%
1Y
4.8%
CEG
US$293.80
Constellation Energy
7D
1.9%
1Y
9.7%

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$48.20
Exelon
7D
-0.6%
1Y
11.2%

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
HE
US$15.44
Hawaiian Electric Industries
7D
-8.2%
1Y
40.4%

HE: Index Additions And EV Charging Expansion Will Mask Overvaluation Risk

Analyst Price Target Update Analysts now cite a price target of $12.00 for Hawaiian Electric Industries, up from $10.75. This reflects adjustments to their models around fair value, discount rate, expected revenue growth, profit margins and future P/E assumptions.
OKLO
US$63.09
Oklo
7D
-4.0%
1Y
85.1%