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U.S. Electric Utilities Industry Analysis

UpdatedApr 15, 2026
DataAggregated Company Financials
Companies30
  • 7D0.7%
  • 3M7.2%
  • 1Y22.3%
  • YTD7.0%

Over the last 7 days, the Electric Utilities industry has remained flat, although notably Constellation Energy gained 8.8%. As for the the longer term, the industry is up 22% over the past 12 months. 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, 15 Apr 2026US$1.0tUS$332.6bUS$44.2b21.8x23.1x3.1x
Fri, 13 Mar 2026US$1.0tUS$332.6bUS$44.3b21.5x22.8x3x
Sun, 08 Feb 2026US$941.5bUS$326.2bUS$44.0b20.9x21.4x2.9x
Tue, 06 Jan 2026US$917.8bUS$324.7bUS$43.5b19.5x21.1x2.8x
Thu, 04 Dec 2025US$940.7bUS$326.2bUS$43.7b20.1x21.5x2.9x
Sat, 01 Nov 2025US$972.8bUS$324.2bUS$42.0b21.2x23.2x3x
Mon, 29 Sep 2025US$916.7bUS$320.7bUS$40.7b20.7x22.5x2.9x
Wed, 27 Aug 2025US$890.5bUS$320.7bUS$40.7b20.4x21.9x2.8x
Fri, 25 Jul 2025US$879.3bUS$317.0bUS$39.0b21.9x22.6x2.8x
Sun, 22 Jun 2025US$838.4bUS$316.4bUS$38.5b20.2x21.8x2.7x
Tue, 20 May 2025US$862.9bUS$316.4bUS$38.5b21.2x22.4x2.7x
Thu, 17 Apr 2025US$811.7bUS$309.3bUS$38.1b20.2x21.3x2.6x
Sat, 15 Mar 2025US$807.8bUS$309.3bUS$37.6b20.6x21.5x2.6x
Mon, 10 Feb 2025US$813.8bUS$308.6bUS$35.8b20.2x22.7x2.6x
Wed, 08 Jan 2025US$792.7bUS$310.4bUS$35.8b20.6x22.2x2.6x
Fri, 06 Dec 2024US$842.2bUS$319.1bUS$36.9b21.2x22.8x2.6x
Sun, 03 Nov 2024US$835.0bUS$318.5bUS$38.0b19.8x22x2.6x
Tue, 01 Oct 2024US$860.5bUS$316.7bUS$36.6b19.9x23.5x2.7x
Thu, 29 Aug 2024US$804.0bUS$316.7bUS$36.6b19.3x22x2.5x
Sat, 27 Jul 2024US$754.8bUS$313.7bUS$37.6b18.6x20.1x2.4x
Mon, 24 Jun 2024US$737.1bUS$313.6bUS$38.5b17x19.1x2.4x
Wed, 22 May 2024US$767.7bUS$314.0bUS$38.5b17.9x19.9x2.4x
Fri, 19 Apr 2024US$688.7bUS$316.8bUS$34.9b17.8x19.7x2.2x
Sun, 17 Mar 2024US$668.2bUS$316.8bUS$34.9b17.5x19.1x2.1x
Tue, 13 Feb 2024US$644.3bUS$322.7bUS$31.9b17.5x20.2x2x
Thu, 11 Jan 2024US$682.1bUS$322.4bUS$31.8b19.2x21.5x2.1x
Sat, 09 Dec 2023US$661.9bUS$322.4bUS$31.8b18.8x20.8x2.1x
Mon, 06 Nov 2023US$650.6bUS$323.1bUS$30.9b18.8x21x2x
Wed, 04 Oct 2023US$604.1bUS$325.0bUS$30.5b17.6x19.8x1.9x
Fri, 01 Sep 2023US$655.3bUS$325.0bUS$30.5b18.6x21.5x2x
Sun, 30 Jul 2023US$711.3bUS$327.1bUS$30.4b19.3x23.4x2.2x
Tue, 27 Jun 2023US$691.8bUS$325.6bUS$28.9b18.7x23.9x2.1x
Thu, 25 May 2023US$681.8bUS$323.5bUS$28.9b19x23.6x2.1x
Sat, 22 Apr 2023US$725.2bUS$314.2bUS$29.7b20.1x24.5x2.3x
Price to Earnings Ratio

24.5x


Total Market Cap: US$725.2bTotal 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 3.1x.
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 Market4.44%
Utilities0.55%
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
CEG Constellation EnergyUS$296.618.8%
+US$8.7b		42.3%PE46.3x
NRG NRG EnergyUS$170.9611.7%
+US$3.8b		76.0%PE45.9x
OKLO OkloUS$58.5825.7%
+US$2.1b		154.7%PB6.9x
ETR EntergyUS$115.571.5%
+US$778.3m		38.5%PE30.1x
PPL PPLUS$39.611.9%
+US$564.1m		12.0%PE25.3x

Latest News

OKLO
US$58.58
Oklo
7D
25.7%
1Y
154.7%
NEE
US$91.31
NextEra Energy
7D
-2.5%
1Y
35.0%

NextEra Energy: Iran War Exposes Flaws In Fossil Fuels, Advantages Of Renewables

Apr 13
PNW
US$102.69
Pinnacle West Capital
7D
0.4%
1Y
8.9%

PNW: Regulatory Progress And 2026 Earnings Guidance Will Shape Core Holding Potential

Analyst price targets for Pinnacle West Capital have moved higher, with the fair value estimate rising by about $2.63 to $104.85 as analysts factor in updated models following recent Q4 results, modestly adjusted growth and profitability assumptions, and a slightly higher future P/E of 19.89x. Analyst Commentary Recent research updates around Pinnacle West Capital point to a cluster of higher price targets following Q4 results, with several firms recalibrating their models and ratings.
PPL
US$39.61
PPL
7D
1.9%
1Y
12.0%

PPL: Future Returns Will Reflect Pennsylvania Outcomes And 2026 EPS Confidence

The updated analyst price target for PPL edges slightly higher to about $41.33. Analysts generally point to supportive regulatory backdrops, visible earnings growth expectations, and recent management commentary from investor meetings as key reasons behind their refined assumptions.
CEG
US$296.61
Constellation Energy
7D
8.8%
1Y
42.3%
POR
US$52.70
Portland General Electric
7D
-1.6%
1Y
22.0%

POR: PacifiCorp Acquisition And Equity Issuance Will Shape Measured Future Return Profile

Analysts have lifted their average price target for Portland General Electric to $55, up $2 from $53, citing the planned $1.9b acquisition of PacifiCorp's Washington utility assets and the added diversification and HoldCo support it brings. Analyst Commentary Recent research updates cluster around a similar price target of $55, with analysts largely framing the PacifiCorp Washington assets deal as a modest financial positive that also reshapes the risk profile and structure of Portland General Electric.
ETR
US$115.57
Entergy
7D
1.5%
1Y
38.5%
NRG
US$170.96
NRG Energy
7D
11.7%
1Y
76.0%
AEP
US$135.46
American Electric Power Company
7D
0.6%
1Y
27.9%

AEP: Data Center Load Backlog And Grid Investments Will Shape Outlook

Analysts have raised their average price target for American Electric Power Company by roughly $4 to about $137. They attribute this change to updated models that factor in higher contracted load, a larger capital program in transmission and supply, and refined earnings assumptions following recent Q4 results.
XEL
US$79.83
Xcel Energy
7D
-0.9%
1Y
13.6%
EXC
US$48.66
Exelon
7D
-1.0%
1Y
4.6%

EXC: Data Center Demand And Capex Plans Will Shape Grid Investment Outcomes

Analysts have lifted the implied fair value for Exelon by about $0.54 to $51.41. This reflects a series of higher Street price targets supported by updated utility sector models, new coverage with positive views, recent Q4 earnings and long term capital spending plans.
DUK
US$129.78
Duke Energy
7D
-1.5%
1Y
7.7%
SO
US$95.96
Southern
7D
-0.9%
1Y
5.4%

SO: Fair View Will Reflect Dam Safety Progress And Stable Future P/E

Analysts have nudged their price target on Southern slightly higher to $101.24. This reflects small refinements to their models around the discount rate, long term revenue growth, profit margin assumptions, and future P/E expectations.
EVRG
US$81.92
Evergy
7D
-1.1%
1Y
20.7%

EVRG: Reaffirmed 8% Earnings Path Will Shape Balanced Future Expectations

Evergy's updated analyst price target nudged higher to $88.05, supported by analysts who point to reaffirmed earnings growth goals, recent upward target revisions in the $82 to $95 range, and a broadly steady view on margins and future P/E assumptions. Analyst Commentary Recent research shows a mixed but generally constructive tone around Evergy, with several firms lifting price targets into the low to mid US$80s and one as high as US$95, while a few more cautious voices highlight execution and demand risks.
ES
US$69.01
Eversource Energy
7D
-0.7%
1Y
19.0%

ES: Earnings Outlook And Dividend Policy Will Likely Support Fair Value Stability

Analysts have trimmed their price target on Eversource Energy to about $73 from roughly $75. This reflects updated assumptions around slightly higher expected revenue growth, a modestly lower profit margin, a small change in the discount rate, and a slightly lower future P/E multiple.
MGEE
US$79.89
MGE Energy
7D
1.3%
1Y
-12.0%