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U.S. Electric Utilities Industry Analysis

UpdatedMar 01, 2026
DataAggregated Company Financials
Companies31
  • 7D3.5%
  • 3M7.3%
  • 1Y22.6%
  • YTD9.7%

Over the last 7 days, the Electric Utilities industry has risen 3.5%, driven by gains from Constellation Energy of 12%. This takes the industry's 12 month performance to a gain of 23%. 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
Sun, 01 Mar 2026US$1.0tUS$333.0bUS$44.3b22.7x23.6x3.1x
Tue, 27 Jan 2026US$923.8bUS$324.7bUS$43.5b20.8x21.2x2.8x
Thu, 25 Dec 2025US$918.8bUS$324.7bUS$43.5b19.6x21.1x2.8x
Sat, 22 Nov 2025US$940.5bUS$326.2bUS$43.7b20.6x21.5x2.9x
Mon, 20 Oct 2025US$987.5bUS$320.7bUS$40.7b21.3x24.3x3.1x
Wed, 17 Sep 2025US$893.3bUS$320.7bUS$40.7b19.8x21.9x2.8x
Fri, 15 Aug 2025US$901.2bUS$320.7bUS$40.7b20.5x22.1x2.8x
Sun, 13 Jul 2025US$862.2bUS$316.4bUS$38.5b20.9x22.4x2.7x
Tue, 10 Jun 2025US$845.0bUS$316.4bUS$38.5b20.6x21.9x2.7x
Thu, 08 May 2025US$839.4bUS$315.1bUS$38.3b21.1x21.9x2.7x
Sat, 05 Apr 2025US$826.8bUS$309.3bUS$38.1b19.9x21.7x2.7x
Mon, 03 Mar 2025US$827.3bUS$309.9bUS$37.6b20.8x22x2.7x
Wed, 29 Jan 2025US$814.8bUS$308.9bUS$35.7b20.3x22.8x2.6x
Fri, 27 Dec 2024US$795.0bUS$310.4bUS$35.8b20.8x22.2x2.6x
Sun, 24 Nov 2024US$851.3bUS$319.1bUS$37.4b21.2x22.8x2.7x
Tue, 22 Oct 2024US$872.3bUS$316.7bUS$36.6b20.1x23.8x2.8x
Thu, 19 Sep 2024US$840.5bUS$316.7bUS$36.6b19.9x23x2.7x
Sat, 17 Aug 2024US$793.9bUS$316.7bUS$36.6b19.3x21.7x2.5x
Mon, 15 Jul 2024US$760.8bUS$313.6bUS$38.5b17.8x19.8x2.4x
Wed, 12 Jun 2024US$755.1bUS$314.0bUS$38.5b17x19.6x2.4x
Fri, 10 May 2024US$747.2bUS$314.0bUS$38.5b17.7x19.4x2.4x
Sun, 07 Apr 2024US$695.6bUS$316.8bUS$34.9b17.7x19.9x2.2x
Tue, 05 Mar 2024US$660.5bUS$318.9bUS$35.0b16.1x18.9x2.1x
Thu, 01 Feb 2024US$653.0bUS$322.5bUS$31.5b18.1x20.8x2x
Sat, 30 Dec 2023US$671.2bUS$322.4bUS$31.8b19x21.1x2.1x
Mon, 27 Nov 2023US$652.5bUS$322.4bUS$31.8b18.4x20.5x2x
Wed, 25 Oct 2023US$603.3bUS$325.0bUS$30.5b17.9x19.8x1.9x
Fri, 22 Sep 2023US$668.1bUS$325.0bUS$30.5b19x21.9x2.1x
Sun, 20 Aug 2023US$662.4bUS$325.0bUS$30.5b18.9x21.7x2x
Tue, 18 Jul 2023US$701.9bUS$325.6bUS$28.9b18.8x24.3x2.2x
Thu, 15 Jun 2023US$690.2bUS$325.5bUS$28.8b19.1x24x2.1x
Sat, 13 May 2023US$718.7bUS$323.5bUS$28.9b19.8x24.8x2.2x
Mon, 10 Apr 2023US$727.0bUS$314.2bUS$29.7b20.2x24.5x2.3x
Wed, 08 Mar 2023US$675.5bUS$314.2bUS$29.6b18.7x22.8x2.1x
Price to Earnings Ratio

22.8x


Total Market Cap: US$675.5bTotal 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 2.5x is lower than the industry's current PS ratio of 3.1x.
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-0.57%
Utilities2.62%
Electric Utilities3.53%
Electric Utilities3.53%
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$329.8811.9%
+US$12.6b		31.7%PE51.5x
XEL Xcel EnergyUS$83.362.2%
+US$3.8b		15.6%PE25.8x
SO SouthernUS$97.383.3%
+US$3.4b		8.5%PE25.1x
NEE NextEra EnergyUS$93.771.7%
+US$3.3b		33.6%PE28.6x
DUK Duke EnergyUS$130.853.2%
+US$3.2b		11.4%PE20.7x

Latest News

XEL
US$83.36
Xcel Energy
7D
2.2%
1Y
15.6%
NEE
US$93.77
NextEra Energy
7D
1.7%
1Y
33.6%
TXNM
US$59.02
TXNM Energy
7D
-0.05%
1Y
13.0%
CEG
US$329.88
Constellation Energy
7D
11.9%
1Y
31.7%
PCG
US$19.00
PG&E
7D
3.5%
1Y
16.3%

PCG: Cost Of Capital And Wildfire Mitigation Partnership Will Shape Future Returns

Analysts have nudged their average price target for PG&E to about $22.13 from $21.27. This reflects updated views on fair value, expected profitability and future P/E assumptions following recent Street research.
DUK
US$130.85
Duke Energy
7D
3.2%
1Y
11.4%
HE
US$15.49
Hawaiian Electric Industries
7D
-2.3%
1Y
41.5%

HE: Index Inclusion Will Contrast With Pressure From Lower Profitability

Analysts have maintained their $10.50 price target for Hawaiian Electric Industries, indicating that only minor adjustments were made to assumptions around discount rate, revenue growth, profit margin, and future P/E, which largely offset each other in their updated models. What's in the News Hawaiian Electric Industries, Inc.
NRG
US$178.96
NRG Energy
7D
-0.1%
1Y
69.3%
AEP
US$133.82
American Electric Power Company
7D
3.4%
1Y
26.2%

AEP: Data Center Load And Fuel Project Will Shape Premium Valuation Potential

Analysts have lifted their price expectations for American Electric Power, with the updated fair value estimate moving from $128.75 to $133.03. They cite a larger contracted load pipeline, ongoing capital investment plans in supply and transmission, and continued execution that supports premium P/E assumptions, despite slightly lower revenue growth and profit margin inputs in recent models.
EXC
US$49.47
Exelon
7D
3.5%
1Y
11.9%

EXC: Regulatory Visibility Through 2027 Will Balance Affordability And Grid Investment Risks

Analysts have nudged our Exelon fair value estimate to $49.94 from $48.75, reflecting modestly higher modeled revenue growth, a slightly stronger profit margin profile, and a small uptick in the assumed future P/E multiple following a series of upward price target revisions across the Street. Analyst Commentary Recent Street research around Exelon has been active, with several price target revisions and rating changes clustering over the past few months.
SO
US$97.38
Southern
7D
3.3%
1Y
8.5%

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.
OKLO
US$62.95
Oklo
7D
-1.4%
1Y
88.5%