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U.S. Electric Utilities Industry Analysis

UpdatedApr 01, 2026
DataAggregated Company Financials
Companies30
  • 7D1.5%
  • 3M6.6%
  • 1Y18.7%
  • YTD5.2%

In the last week, the Electric Utilities industry is up 1.5%, with Entergy up 9.6%. In the same time, Constellation Energy was down 5.3%. In the last 12 months, the industry was up 19%. As for the next few years, earnings are expected to grow by 11% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 01 Apr 2026US$1.0tUS$332.6bUS$44.2b21.5x22.8x3x
Fri, 27 Feb 2026US$1.0tUS$333.0bUS$44.3b22.5x23.5x3.1x
Sun, 25 Jan 2026US$923.8bUS$324.7bUS$43.5b20.7x21.2x2.8x
Tue, 23 Dec 2025US$906.6bUS$324.7bUS$43.5b19.5x20.8x2.8x
Thu, 20 Nov 2025US$954.7bUS$326.2bUS$43.7b20.5x21.8x2.9x
Sat, 18 Oct 2025US$990.4bUS$320.7bUS$40.7b21.3x24.3x3.1x
Mon, 15 Sep 2025US$890.1bUS$320.7bUS$40.7b20x21.9x2.8x
Wed, 13 Aug 2025US$900.2bUS$320.7bUS$41.2b20.7x21.9x2.8x
Fri, 11 Jul 2025US$855.7bUS$316.4bUS$38.5b20.8x22.2x2.7x
Sun, 08 Jun 2025US$845.0bUS$316.4bUS$38.5b20.6x21.9x2.7x
Tue, 06 May 2025US$830.6bUS$313.4bUS$39.0b21.1x21.3x2.7x
Thu, 03 Apr 2025US$825.0bUS$309.3bUS$38.1b21x21.7x2.7x
Sat, 01 Mar 2025US$815.7bUS$309.9bUS$37.6b20.8x21.7x2.6x
Mon, 27 Jan 2025US$829.4bUS$308.9bUS$35.7b20.3x23.2x2.7x
Wed, 25 Dec 2024US$795.0bUS$310.4bUS$35.8b20.8x22.2x2.6x
Fri, 22 Nov 2024US$843.6bUS$319.1bUS$37.4b21.2x22.6x2.6x
Sun, 20 Oct 2024US$871.2bUS$316.7bUS$36.6b20.2x23.8x2.8x
Tue, 17 Sep 2024US$837.1bUS$316.7bUS$36.6b20.2x22.9x2.6x
Thu, 15 Aug 2024US$795.5bUS$316.7bUS$37.1b19.4x21.4x2.5x
Sat, 13 Jul 2024US$755.4bUS$313.6bUS$38.5b17.8x19.6x2.4x
Mon, 10 Jun 2024US$744.0bUS$314.0bUS$38.5b16.9x19.3x2.4x
Wed, 08 May 2024US$741.0bUS$315.6bUS$37.8b17.3x19.6x2.3x
Fri, 05 Apr 2024US$690.6bUS$316.8bUS$34.9b17.8x19.8x2.2x
Sun, 03 Mar 2024US$650.8bUS$318.9bUS$35.0b15.8x18.6x2x
Tue, 30 Jan 2024US$650.0bUS$322.5bUS$31.5b18.2x20.7x2x
Thu, 28 Dec 2023US$667.2bUS$322.4bUS$31.8b18.8x21x2.1x
Sat, 25 Nov 2023US$652.5bUS$322.4bUS$31.8b18.4x20.5x2x
Mon, 23 Oct 2023US$608.9bUS$325.0bUS$30.5b18.1x20x1.9x
Wed, 20 Sep 2023US$674.1bUS$325.0bUS$30.5b19.1x22.1x2.1x
Fri, 18 Aug 2023US$663.5bUS$325.0bUS$30.5b18.8x21.8x2x
Sun, 16 Jul 2023US$701.9bUS$325.6bUS$28.9b18.9x24.3x2.2x
Tue, 13 Jun 2023US$687.5bUS$323.5bUS$28.9b19.3x23.8x2.1x
Thu, 11 May 2023US$722.3bUS$323.5bUS$28.9b19.9x25x2.2x
Sat, 08 Apr 2023US$727.0bUS$314.2bUS$29.7b20.2x24.5x2.3x
Price to Earnings Ratio

24.5x


Total Market Cap: US$727.0bTotal 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 3.0x.
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-0.61%
Utilities1.53%
Electric Utilities1.47%
Electric Utilities1.47%
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
ETR EntergyUS$112.369.6%
+US$5.0b		31.2%PE29.3x
SO SouthernUS$96.522.7%
+US$2.8b		5.1%PE24.9x
DUK Duke EnergyUS$130.942.8%
+US$2.8b		8.2%PE20.8x
NEE NextEra EnergyUS$92.881.4%
+US$2.6b		31.0%PE28.3x
EXC ExelonUS$49.023.7%
+US$1.8b		6.8%PE18.1x

Latest News

ETR
US$112.36
Entergy
7D
9.6%
1Y
31.2%
DUK
US$130.94
Duke Energy
7D
2.8%
1Y
8.2%
AEP
US$131.08
American Electric Power Company
7D
2.2%
1Y
21.7%

AEP: Data Center Load And Transmission Build Plan Will Shape Outlook

Analyst price targets for American Electric Power Company have been revised modestly higher to reflect updated earnings models, a slightly higher fair value estimate of about $137.47, and continued emphasis on the company's large contracted load backlog and transmission-focused investment plans. Analyst Commentary Recent Street research on American Electric Power Company reflects a generally constructive tone, with several firms adjusting price targets higher and a mix of rating upgrades and one downgrade tied mainly to valuation.
EXC
US$49.02
Exelon
7D
3.7%
1Y
6.8%

EXC: Regulatory Certainty And Large Load Policies Will Shape Grid Investment Outcomes

The analyst price target for Exelon increases by about $0.44 to $50.88, as analysts incorporate refreshed models and updated estimates across the North American utilities group following recent Q4 results, capital spending plans and sector-wide target revisions. Analyst Commentary Recent research updates show a cluster of upward price target revisions for Exelon, with a range of views on how execution, capital spending and regulatory factors could influence the company’s valuation over time.
NEE
US$92.88
NextEra Energy
7D
1.4%
1Y
31.0%
SO
US$96.52
Southern
7D
2.7%
1Y
5.1%
XEL
US$79.44
Xcel Energy
7D
1.9%
1Y
12.3%

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.
FE
US$50.66
FirstEnergy
7D
3.1%
1Y
25.4%

FE: Future Dividend Plans And Earnings Payouts Will Support Balanced Returns

Analysts have nudged their price target on FirstEnergy higher to about $52.46 from roughly $51.62, reflecting updated assumptions around slightly different revenue growth, profit margin, and future P/E expectations. What's in the News The board declared a quarterly dividend of $0.465 per share of common stock, payable June 1, 2026, to shareholders of record on May 7, 2026, described as a 4.5% increase from the previous quarterly dividend (Key Developments).
NRG
US$146.14
NRG Energy
7D
-3.3%
1Y
48.3%

NRG: Future Cash Returns From LS Power Assets And Dividends Will Matter

Analysts have nudged their fair value estimate for NRG Energy slightly lower to about $202 per share. This reflects updated views on more moderate revenue growth, a somewhat higher profit margin, and a richer future P/E, driven in part by recent research citing the impact of LS Power acquisitions and a more balanced retail and wholesale mix.
CEG
US$279.25
Constellation Energy
7D
-5.3%
1Y
34.9%

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

Vestra has increased revenue growth from 13.6% to 24.8%.
OKLO
US$49.59
Oklo
7D
-9.8%
1Y
120.1%

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?
TXNM
US$58.46
TXNM Energy
7D
-0.07%
1Y
9.3%