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U.S. Electric Utilities Industry Analysis

UpdatedMar 26, 2026
DataAggregated Company Financials
Companies31
  • 7D-2.1%
  • 3M5.0%
  • 1Y19.6%
  • YTD4.4%

Over the last 7 days, the Electric Utilities industry has dropped 2.1%, driven by Constellation Energy declining 4.4%. Over the past 12 months, the industry was up 20%. 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
Thu, 26 Mar 2026US$992.0bUS$332.6bUS$44.2b21.2x22.4x3x
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
Price to Earnings Ratio

23.7x


Total Market Cap: US$703.0bTotal 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-0.15%
Utilities-2.31%
Electric Utilities-2.13%
Electric Utilities-2.13%
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$91.160.2%
+US$416.7m		30.7%PE27.8x
MGEE MGE EnergyUS$76.215.2%
+US$137.5m		-16.3%PE20.5x
HE Hawaiian Electric IndustriesUS$14.943.0%
+US$74.2m		36.7%PE20.9x
GNE Genie EnergyUS$13.951.9%
+US$6.9m		-5.4%PE50x
TXNM TXNM EnergyUS$58.290.07%
+US$4.4m		8.8%PE41.9x

Latest News

NEE
US$91.16
NextEra Energy
7D
0.2%
1Y
30.7%
PCG
US$17.44
PG&E
7D
-4.0%
1Y
1.2%
SO
US$94.61
Southern
7D
-2.0%
1Y
6.2%
XEL
US$77.70
Xcel Energy
7D
-2.9%
1Y
12.7%

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.
NRG
US$151.04
NRG Energy
7D
-5.1%
1Y
55.1%

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.
ES
US$67.04
Eversource Energy
7D
-7.8%
1Y
11.8%

ES: Steady Dividend And 2026 Earnings Guidance Will Support Fairly Valued Shares

Analysts have lifted their price target on Eversource Energy, with updated assumptions that include a fair value estimate of $61.18 and a forward P/E of 15.17x. This compares with the prior $59.60 fair value and 14.39x forward P/E and reflects revised views on discount rate, revenue growth and profit margin.
DUK
US$128.16
Duke Energy
7D
-2.0%
1Y
9.4%

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$303.32
Constellation Energy
7D
-4.4%
1Y
39.8%

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$128.30
American Electric Power Company
7D
-2.0%
1Y
23.5%
GNE
US$13.95
Genie Energy
7D
1.9%
1Y
-5.4%
MGEE
US$76.21
MGE Energy
7D
5.2%
1Y
-16.3%
HE
US$14.94
Hawaiian Electric Industries
7D
3.0%
1Y
36.7%

HE: Index Inclusion Will Mask Future Risk From Lower Earnings Multiple

Analysts have raised their price target on Hawaiian Electric Industries by $2.00 to $12.50, citing updated assumptions around discount rates, revenue growth, profit margins, and a lower future P/E multiple as key factors in the revised view. What's in the News Hawaiian Electric Industries, Inc.
TXNM
US$58.29
TXNM Energy
7D
0.07%
1Y
8.8%