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U.S. Electric Utilities Industry Analysis

UpdatedFeb 18, 2026
DataAggregated Company Financials
Companies31
  • 7D4.7%
  • 3M4.0%
  • 1Y17.6%
  • YTD6.1%

In the last week, the Electric Utilities industry is up 6.5%, with NextEra Energy leading the way with a 3.3% gain. Meanwhile, Oklo actually underperformed within the industry, shrinking 5.4% in the last week. This takes the industry's 12 month performance to a gain of 19%. Looking forward, 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
Wed, 18 Feb 2026US$1.0tUS$328.4bUS$44.2b22.2x22.8x3.1x
Fri, 16 Jan 2026US$943.4bUS$324.7bUS$43.5b20.8x21.7x2.9x
Sun, 14 Dec 2025US$915.1bUS$326.2bUS$43.7b20x20.9x2.8x
Tue, 11 Nov 2025US$961.3bUS$326.2bUS$43.7b20.8x22x2.9x
Thu, 09 Oct 2025US$964.0bUS$320.7bUS$40.7b21.3x23.7x3x
Sat, 06 Sep 2025US$873.6bUS$320.7bUS$40.7b20x21.5x2.7x
Mon, 04 Aug 2025US$893.6bUS$319.2bUS$40.1b20.8x22.3x2.8x
Wed, 02 Jul 2025US$850.5bUS$316.4bUS$38.5b20.5x22.1x2.7x
Fri, 30 May 2025US$842.0bUS$316.4bUS$38.5b21x21.8x2.7x
Sun, 27 Apr 2025US$814.9bUS$310.6bUS$36.6b20.5x22.3x2.6x
Tue, 25 Mar 2025US$816.3bUS$309.3bUS$37.6b20.7x21.7x2.6x
Thu, 20 Feb 2025US$820.9bUS$309.1bUS$38.2b20.6x21.5x2.7x
Sat, 18 Jan 2025US$815.5bUS$310.4bUS$35.8b20.4x22.8x2.6x
Mon, 16 Dec 2024US$812.9bUS$319.1bUS$36.9b20.8x22x2.5x
Wed, 13 Nov 2024US$837.0bUS$319.1bUS$36.9b20.9x22.7x2.6x
Fri, 11 Oct 2024US$836.8bUS$316.7bUS$36.6b19.4x22.9x2.6x
Sun, 08 Sep 2024US$811.5bUS$316.7bUS$36.6b19.7x22.2x2.6x
Tue, 06 Aug 2024US$797.2bUS$315.7bUS$37.9b19.4x21.1x2.5x
Thu, 04 Jul 2024US$730.4bUS$313.6bUS$38.5b17x19x2.3x
Sat, 01 Jun 2024US$759.1bUS$314.0bUS$38.5b17.6x19.7x2.4x
Mon, 29 Apr 2024US$705.4bUS$315.0bUS$35.2b18x20x2.2x
Wed, 27 Mar 2024US$684.3bUS$316.8bUS$34.9b17.5x19.6x2.2x
Fri, 23 Feb 2024US$654.1bUS$321.6bUS$32.2b17.3x20.3x2x
Sun, 21 Jan 2024US$645.0bUS$322.4bUS$31.8b18.1x20.3x2x
Tue, 19 Dec 2023US$670.8bUS$322.4bUS$31.8b18.9x21.1x2.1x
Thu, 16 Nov 2023US$648.1bUS$322.4bUS$31.8b18.3x20.4x2x
Sat, 14 Oct 2023US$622.5bUS$325.0bUS$30.5b18.6x20.4x1.9x
Mon, 11 Sep 2023US$659.2bUS$325.0bUS$30.5b18.7x21.6x2x
Wed, 09 Aug 2023US$676.2bUS$325.2bUS$30.5b19x22.2x2.1x
Fri, 07 Jul 2023US$692.4bUS$325.6bUS$28.9b18.7x23.9x2.1x
Sun, 04 Jun 2023US$677.9bUS$323.5bUS$28.9b19.3x23.4x2.1x
Tue, 02 May 2023US$720.3bUS$319.0bUS$31.9b20.3x22.6x2.3x
Thu, 30 Mar 2023US$694.9bUS$314.2bUS$29.7b19.3x23.4x2.2x
Sat, 25 Feb 2023US$687.8bUS$314.2bUS$29.9b19.3x23x2.2x
Price to Earnings Ratio

23x


Total Market Cap: US$687.8bTotal Earnings: US$29.9bTotal 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 3.1x.
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-1.58%
Utilities4.46%
Electric Utilities4.72%
Electric Utilities4.72%
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$303.0111.8%
+US$11.5b		-6.9%PE40.1x
AEP American Electric Power CompanyUS$130.246.5%
+US$5.1b		26.3%PE19.7x
EXC ExelonUS$48.048.1%
+US$4.2b		12.6%PE17.8x
NEE NextEra EnergyUS$92.712.1%
+US$4.0b		35.3%PE28.3x
NRG NRG EnergyUS$173.4510.9%
+US$3.7b		55.0%PE27.1x

Latest News

OTTR
US$86.68
Otter Tail
7D
-0.3%
1Y
6.1%
EXC
US$48.04
Exelon
7D
8.1%
1Y
12.6%

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
PCG
US$18.02
PG&E
7D
7.6%
1Y
16.9%
AEP
US$130.24
American Electric Power Company
7D
6.5%
1Y
26.3%
NEE
US$92.71
NextEra Energy
7D
2.1%
1Y
35.3%
CEG
US$303.01
Constellation Energy
7D
11.8%
1Y
-6.9%
DUK
US$126.71
Duke Energy
7D
2.5%
1Y
14.3%
HE
US$16.44
Hawaiian Electric Industries
7D
-1.6%
1Y
53.9%

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.
EIX
US$71.42
Edison International
7D
9.1%
1Y
39.2%

EIX: Future Returns Will Be Pressured By California ROE Cut Risk

Analysts have trimmed their average price target on Edison International by about $1 to reflect a slightly lower fair value estimate of $54.00. They have incorporated updated views on California's allowed returns, modestly higher revenue growth assumptions, and a somewhat lower future P/E multiple.
NRG
US$173.45
NRG Energy
7D
10.9%
1Y
55.0%

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$67.64
Oklo
7D
-2.6%
1Y
34.8%