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U.S. Electric Utilities Industry Analysis

UpdatedJun 08, 2026
DataAggregated Company Financials
Companies30
  • 7D1.5%
  • 3M-6.0%
  • 1Y10.5%
  • YTD0.8%

The Electric Utilities industry has gained 1.5% in the last week and NextEra Energy up 2.6%. In the same time, Constellation Energy was down 11%. This takes the industry's 12 month performance to a gain of 10%. 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
Mon, 08 Jun 2026US$962.1bUS$344.7bUS$46.3b21.6x20.8x2.8x
Wed, 06 May 2026US$1.0tUS$335.9bUS$45.1b21.9x22.8x3.1x
Fri, 03 Apr 2026US$1.0tUS$332.6bUS$44.2b21.9x22.8x3x
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
Price to Earnings Ratio

24x


Total Market Cap: US$690.2bTotal Earnings: US$28.8bTotal Revenue: US$325.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electric Utilities Industry Price to Earnings3Y Average 21.7x202420252026
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 21.7x.
  • The 3-year average PS ratio of 2.5x is lower than the industry's current PS ratio of 2.8x.
Past Earnings Growth
  • The earnings for companies in the Electric Utilities industry have grown 17% 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-2.49%
Utilities1.74%
Electric Utilities1.51%
Electric Utilities1.51%
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$85.842.6%
+US$4.5b		19.4%PE21.9x
SO SouthernUS$92.604.0%
+US$4.0b		4.6%PE23.9x
DUK Duke EnergyUS$124.223.6%
+US$3.4b		7.6%PE19.1x
AEP American Electric Power CompanyUS$129.144.3%
+US$2.9b		27.3%PE19.2x
ETR EntergyUS$110.745.5%
+US$2.6b		33.7%PE28.4x

Latest News

XEL
US$79.04
Xcel Energy
7D
3.4%
1Y
15.6%
NRG
US$129.20
NRG Energy
7D
-0.2%
1Y
-16.7%
Narrative Update • Jun 06

NRG: LS Power Deal And Mixed Outlook Will Shape Future Earnings

NRG Energy's updated fair value estimate has moved from $124.23 to $132.39 as analysts factor in recent price target revisions, including Morgan Stanley's lift to $162 and other Street updates, while also reflecting revised expectations for revenue growth, profit margins, and future P/E assumptions. Analyst Commentary Recent research shows a mix of optimistic and cautious views on NRG Energy, with several firms refreshing price targets and ratings in a short span.
PCG
US$17.11
PG&E
7D
5.9%
1Y
17.4%
DUK
US$124.22
Duke Energy
7D
3.6%
1Y
7.6%
Narrative Update • Jun 06

DUK: Data Center And Nuclear Partnerships Will Shape Future Power Demand

Analysts have nudged Duke Energy's fair value estimate slightly lower to about $138.61, with recent price target trims of $1 to $9 across several firms. These moves reflect updated sector views, cautious assumptions on discount rates, and ongoing discussion around data center related growth and permitting risk.
NEE
US$85.84
NextEra Energy
7D
2.6%
1Y
19.4%
New Narrative • Jun 06

Investor Thesis: Why the NextEra Energy / Dominion Energy Merger Could Be a Major AI Power Infrastructure Event

The proposed NextEra Energy and Dominion Energy merger should not be viewed as a traditional utility consolidation alone. In my opinion, the strategic value is much larger because Dominion gives NextEra direct exposure to one of the most important electricity-demand markets in the world: Northern Virginia’s data-center corridor.
AEP
US$129.14
American Electric Power Company
7D
4.3%
1Y
27.3%
Narrative Update • Jun 05

AEP: Data Center Driven Capital Plan And PJM Tensions Will Shape Returns

Analysts now see slightly higher long term value for American Electric Power, with the modeled fair value edging up from about $144.29 to $144.52. This reflects updated assumptions around data center driven revenue growth, modest adjustments to profit margin expectations, and a small reset in future P/E targets amid mixed but generally constructive price target revisions across the Street.
OKLO
US$58.09
Oklo
7D
-13.2%
1Y
7.1%
New Narrative • Jun 05

High risk, unproven, but with big potential. 

Oklo is another modular / small nuclear reactor maker, calling them Aurora Powerhouses. But, it's not trying to sell reactors, it's trying to sell long-term electricity contracts, maintaining ownership of the plants.
ETR
US$110.74
Entergy
7D
5.5%
1Y
33.7%
CEG
US$254.83
Constellation Energy
7D
-4.1%
1Y
-15.0%
SO
US$92.60
Southern
7D
4.0%
1Y
4.6%
Narrative Update • Jun 03

SO: Future Dividend Strength Will Reflect Rate Cuts And Dam Safety Progress

Analysts have trimmed Southern's price target slightly to $101.34 from $101.71, reflecting updated assumptions for the discount rate, revenue growth, profit margin, and future P/E that keep the overall valuation framework largely intact. What's in the News The Georgia Public Service Commission approved a Georgia Power rate reduction plan that is expected to save the typical residential customer about US$50 annually and deliver about US$285 million in total customer savings starting in June 2026, according to recent commission filings.
EIX
US$73.33
Edison International
7D
6.1%
1Y
48.4%
Narrative Update • Jun 01

EIX: Wildfire Litigation And Regulatory True Up Will Pressure Future Returns

Analysts have made only modest tweaks to their Edison International price targets, with adjustments such as Morgan Stanley reducing its target to $64 and Truist and JPMorgan resetting theirs to $79 and $76, respectively, as they refresh models to reflect updated assumptions on growth, discount rates, and sector positioning. Analyst Commentary Across recent research updates, price target changes for Edison International have generally been incremental, with most firms keeping ratings in the Neutral or Hold range and making fine tuning adjustments to reflect revised assumptions on growth, discount rates, and sector trends.