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U.S. Electric Utilities Industry Analysis

UpdatedFeb 03, 2026
DataAggregated Company Financials
Companies31
  • 7D-0.9%
  • 3M-5.4%
  • 1Y10.3%
  • YTD-2.4%

In the last week, the Electric Utilities industry is flat overall, with Constellation Energy standing out by going down 5.0%. As for the the longer term, the industry is up 10% over the past 12 months. 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
Tue, 03 Feb 2026US$938.5bUS$325.8bUS$43.9b20.5x21.4x2.9x
Thu, 01 Jan 2026US$918.4bUS$324.7bUS$43.5b19.5x21.1x2.8x
Sat, 29 Nov 2025US$968.1bUS$326.2bUS$43.7b21x22.1x3x
Mon, 27 Oct 2025US$982.0bUS$321.4bUS$41.0b21.3x24x3.1x
Wed, 24 Sep 2025US$903.3bUS$320.7bUS$40.7b20.2x22.2x2.8x
Fri, 22 Aug 2025US$900.7bUS$320.7bUS$40.7b20.4x22.1x2.8x
Sun, 20 Jul 2025US$876.0bUS$316.4bUS$38.5b21.3x22.7x2.8x
Tue, 17 Jun 2025US$849.3bUS$316.4bUS$38.5b20.3x22x2.7x
Thu, 15 May 2025US$836.5bUS$316.4bUS$38.5b20.4x21.7x2.6x
Sat, 12 Apr 2025US$790.7bUS$309.3bUS$38.1b20x20.8x2.6x
Mon, 10 Mar 2025US$806.8bUS$309.3bUS$37.6b20.1x21.5x2.6x
Wed, 05 Feb 2025US$814.0bUS$308.9bUS$35.7b20.6x22.8x2.6x
Fri, 03 Jan 2025US$786.5bUS$310.4bUS$35.8b20.5x22x2.5x
Sun, 01 Dec 2024US$869.3bUS$319.1bUS$36.9b21.5x23.6x2.7x
Tue, 29 Oct 2024US$855.9bUS$317.4bUS$37.4b19.9x22.9x2.7x
Thu, 26 Sep 2024US$853.6bUS$316.7bUS$36.6b19.9x23.3x2.7x
Sat, 24 Aug 2024US$801.8bUS$316.7bUS$36.6b19.3x21.9x2.5x
Mon, 22 Jul 2024US$751.0bUS$313.6bUS$38.5b18.2x19.5x2.4x
Wed, 19 Jun 2024US$734.8bUS$313.6bUS$38.5b17.1x19.1x2.3x
Fri, 17 May 2024US$773.3bUS$314.0bUS$38.5b17.9x20.1x2.5x
Sun, 14 Apr 2024US$690.7bUS$316.8bUS$34.9b17.5x19.8x2.2x
Tue, 12 Mar 2024US$670.4bUS$316.8bUS$34.9b17.7x19.2x2.1x
Thu, 08 Feb 2024US$639.4bUS$322.3bUS$31.4b17.9x20.4x2x
Sat, 06 Jan 2024US$679.7bUS$322.4bUS$31.8b19.4x21.4x2.1x
Mon, 04 Dec 2023US$661.7bUS$322.4bUS$31.8b18.9x20.8x2.1x
Wed, 01 Nov 2023US$629.3bUS$325.5bUS$29.9b18.6x21.1x1.9x
Fri, 29 Sep 2023US$618.3bUS$325.0bUS$30.5b17.9x20.3x1.9x
Sun, 27 Aug 2023US$663.4bUS$325.0bUS$30.5b18.9x21.8x2x
Tue, 25 Jul 2023US$716.9bUS$325.6bUS$28.9b19.4x24.8x2.2x
Thu, 22 Jun 2023US$699.4bUS$325.6bUS$28.9b19x24.2x2.1x
Sat, 20 May 2023US$688.2bUS$323.5bUS$28.9b19.1x23.8x2.1x
Mon, 17 Apr 2023US$716.8bUS$314.2bUS$29.7b19.9x24.2x2.3x
Wed, 15 Mar 2023US$682.5bUS$314.2bUS$29.7b19.1x23x2.2x
Fri, 10 Feb 2023US$680.4bUS$322.3bUS$31.9b18.5x21.3x2.1x
Price to Earnings Ratio

21.3x


Total Market Cap: US$680.4bTotal Earnings: US$31.9bTotal Revenue: US$322.3bTotal 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 2.9x.
Past Earnings Growth
  • The earnings for companies in the Electric Utilities industry have grown 11% 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-0.35%
Utilities-0.66%
Electric Utilities-0.88%
Electric Utilities-0.88%
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$86.331.0%
+US$1.8b		21.5%PE26.3x
DUK Duke EnergyUS$119.490.6%
+US$552.1m		5.6%PE18.9x
ETR EntergyUS$95.490.5%
+US$235.2m		16.4%PE23.9x
AEP American Electric Power CompanyUS$118.330.3%
+US$165.6m		19.1%PE17.3x
FE FirstEnergyUS$46.990.5%
+US$127.1m		17.5%PE20.4x

Latest News

SO
US$88.19
Southern
7D
0.03%
1Y
5.0%
ETR
US$95.49
Entergy
7D
0.5%
1Y
16.4%
FE
US$46.99
FirstEnergy
7D
0.5%
1Y
17.5%
ES
US$67.91
Eversource Energy
7D
-3.4%
1Y
16.1%
PPL
US$35.82
PPL
7D
-1.9%
1Y
5.9%
LNT
US$65.11
Alliant Energy
7D
-2.8%
1Y
9.9%

Alliant Energy's (NASDAQ:LNT) Upcoming Dividend Will Be Larger Than Last Year's

Jan 30
Alliant Energy's (NASDAQ:LNT) Upcoming Dividend Will Be Larger Than Last Year's
NEE
US$86.33
NextEra Energy
7D
1.0%
1Y
21.5%
OTTR
US$88.12
Otter Tail
7D
2.0%
1Y
15.7%

Otter Tail's (NASDAQ:OTTR) Dividend Will Be Increased To $0.5775

Jan 28
Otter Tail's (NASDAQ:OTTR) Dividend Will Be Increased To $0.5775
AEP
US$118.33
American Electric Power Company
7D
0.3%
1Y
19.1%

AEP: Data Center Demand And Grid Plan Will Test Premium Valuation

Analysts have slightly raised their price targets on American Electric Power Company by a few dollars, citing updated assumptions around revenue growth, profit margins, and future P/E multiples. They generally view the shares as fairly valued, with execution and regulatory progress identified as key drivers.
POR
US$50.11
Portland General Electric
7D
0.9%
1Y
22.4%

POR: Future Ruling And Lawsuit Risks Will Shape Fairly Valued Shares

Analysts have nudged their fair value estimate for Portland General Electric up by about $1 to $49.67, reflecting updated assumptions on revenue growth, profit margins, and future P/E multiples that align with recent price target revisions from Wells Fargo and Mizuho, as well as valuation comments from UBS. Analyst Commentary Bullish Takeaways Bullish analysts have raised price targets into the high $40s, which supports the view that the updated fair value estimate near $49.67 is within the current research range.
EIX
US$60.75
Edison International
7D
-1.4%
1Y
15.8%

EIX: Future Capital Plan And Dividend Policy Will Drive Returns

Analysts have nudged their price targets on Edison International slightly lower by about $1 per share. This reflects a blend of updated assumptions on fair value, discount rate, revenue growth, profit margin and future P/E, following mixed recent research that includes both a downgrade and a separate target increase.
EXC
US$43.91
Exelon
7D
-1.4%
1Y
8.2%

EXC: Regulatory Certainty Through 2027 And Wires Profile Will Support Upside

The analyst price target on Exelon has been reduced by about $0.20 per share as analysts made modest adjustments to fair value, revenue growth, profit margin and future P/E assumptions based on the latest mix of price target changes and Sector Perform commentary. Analyst Commentary Recent research has been mixed, with some bullish analysts lifting targets and others trimming them, which lines up with the modest overall reduction in the average price target.
CEG
US$270.88
Constellation Energy
7D
-5.0%
1Y
-11.6%
DUK
US$119.49
Duke Energy
7D
0.6%
1Y
5.6%

DUK: Regulatory Progress And Battery Projects Will Support Future Upside

Narrative Update The updated analyst price target for Duke Energy edges slightly lower to about $135 per share, reflecting analysts' mixed revisions across recent research. Some emphasize improved regulatory footing and balance sheet progress, while others temper expectations using modestly lower P/E assumptions and profitability estimates.
XEL
US$74.50
Xcel Energy
7D
-1.6%
1Y
10.0%

XEL: Data Center Power Demand Will Support Earnings Visibility And Multiple Expansion

Our updated analyst price target for Xcel Energy trims fair value slightly to US$86.94. This reflects modest tweaks to revenue growth, profit margin and P/E assumptions as analysts weigh mixed recent target changes from firms raising and lowering their views on the stock.
OKLO
US$73.62
Oklo
7D
-10.6%
1Y
60.3%