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U.S. Electric Utilities Industry Analysis

UpdatedSep 12, 2025
DataAggregated Company Financials
Companies33
  • 7D1.3%
  • 3M3.8%
  • 1Y7.8%
  • YTD11.0%

In the last week, the Electric Utilities industry is up 1.3%, with Constellation Energy up 2.9%. This takes the industry's 12 month performance to a gain of 7.8%. 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
Fri, 12 Sep 2025US$879.9bUS$320.7bUS$40.7b20.1x21.6x2.7x
Sun, 10 Aug 2025US$899.2bUS$320.6bUS$40.7b20.7x22.1x2.8x
Tue, 08 Jul 2025US$857.4bUS$316.4bUS$38.5b20.6x22.2x2.7x
Thu, 05 Jun 2025US$857.3bUS$316.4bUS$38.5b20.6x22.2x2.7x
Sat, 03 May 2025US$826.1bUS$313.4bUS$39.0b21.1x21.2x2.6x
Mon, 31 Mar 2025US$815.3bUS$309.3bUS$38.1b20.7x21.4x2.6x
Wed, 26 Feb 2025US$828.9bUS$309.3bUS$37.3b21x22.2x2.7x
Fri, 24 Jan 2025US$811.5bUS$310.4bUS$35.8b20.2x22.7x2.6x
Sun, 22 Dec 2024US$800.5bUS$319.1bUS$36.9b20.5x21.7x2.5x
Tue, 19 Nov 2024US$834.1bUS$319.1bUS$37.4b20.9x22.3x2.6x
Thu, 17 Oct 2024US$863.9bUS$316.7bUS$36.6b20.2x23.6x2.7x
Sat, 14 Sep 2024US$827.3bUS$316.7bUS$36.6b20.1x22.6x2.6x
Mon, 12 Aug 2024US$790.6bUS$316.7bUS$37.1b19.3x21.3x2.5x
Wed, 10 Jul 2024US$732.0bUS$313.6bUS$38.5b17.2x19x2.3x
Fri, 07 Jun 2024US$758.5bUS$314.0bUS$38.5b17.1x19.7x2.4x
Sun, 05 May 2024US$729.6bUS$315.5bUS$35.8b17.1x20.4x2.3x
Tue, 02 Apr 2024US$697.2bUS$316.8bUS$34.9b17.8x20x2.2x
Thu, 29 Feb 2024US$654.0bUS$321.6bUS$33.5b16.8x19.6x2x
Sat, 27 Jan 2024US$647.7bUS$322.5bUS$31.5b18.1x20.6x2x
Mon, 25 Dec 2023US$662.5bUS$322.4bUS$31.8b18.8x20.9x2.1x
Wed, 22 Nov 2023US$649.3bUS$322.4bUS$31.8b18.2x20.4x2x
Fri, 20 Oct 2023US$615.0bUS$325.0bUS$30.5b18.3x20.2x1.9x
Sun, 17 Sep 2023US$678.3bUS$325.0bUS$30.5b19.3x22.2x2.1x
Tue, 15 Aug 2023US$672.9bUS$325.0bUS$30.5b19x22.1x2.1x
Thu, 13 Jul 2023US$702.5bUS$325.6bUS$28.9b19.2x24.3x2.2x
Sat, 10 Jun 2023US$688.2bUS$323.5bUS$28.9b19.4x23.8x2.1x
Mon, 08 May 2023US$718.7bUS$323.1bUS$28.8b20x25x2.2x
Wed, 05 Apr 2023US$701.5bUS$314.2bUS$29.7b19.4x23.7x2.2x
Fri, 03 Mar 2023US$669.8bUS$314.2bUS$29.6b18.9x22.6x2.1x
Sun, 29 Jan 2023US$707.0bUS$322.3bUS$31.9b19.1x22.2x2.2x
Tue, 27 Dec 2022US$736.3bUS$320.5bUS$31.5b19.4x23.4x2.3x
Thu, 24 Nov 2022US$722.9bUS$320.5bUS$31.5b18.5x23x2.3x
Sat, 22 Oct 2022US$646.1bUS$305.5bUS$30.3b17.1x21.3x2.1x
Mon, 19 Sep 2022US$749.8bUS$305.5bUS$30.3b21.1x24.7x2.5x
Price to Earnings Ratio

24.7x


Total Market Cap: US$749.8bTotal Earnings: US$30.3bTotal Revenue: US$305.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electric Utilities Industry Price to Earnings3Y Average 21.9x202320242025
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 21.9x.
  • The 3-year average PS ratio of 2.3x is lower than the industry's current PS ratio of 2.7x.
Past Earnings Growth
  • The earnings for companies in the Electric Utilities industry have grown 10% 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 Market1.80%
Utilities1.49%
Electric Utilities1.34%
Electric Utilities1.34%
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$318.002.9%
+US$2.8b		67.4%PE33x
NRG NRG EnergyUS$157.926.7%
+US$1.9b		97.9%PE67.1x
OKLO OkloUS$79.9714.9%
+US$1.5b		1,183.6%PB17x
PCG PG&EUS$15.733.3%
+US$1.1b		-20.0%PE14.7x
DUK Duke EnergyUS$122.111.0%
+US$964.3m		5.3%PE20.1x

Latest News

DUK
US$122.11
Duke Energy
7D
1.0%
1Y
5.3%
POR
US$42.48
Portland General Electric
7D
-0.4%
1Y
-10.6%
LNT
US$64.66
Alliant Energy
7D
-0.09%
1Y
9.8%

Alliant Energy (NASDAQ:LNT) Has More To Do To Multiply In Value Going Forward

Sep 09
Alliant Energy (NASDAQ:LNT) Has More To Do To Multiply In Value Going Forward
OGE
US$44.20
OGE Energy
7D
-0.2%
1Y
10.5%

Some Confidence Is Lacking In OGE Energy Corp.'s (NYSE:OGE) P/E

Sep 09
Some Confidence Is Lacking In OGE Energy Corp.'s (NYSE:OGE) P/E
PPL
US$35.98
PPL
7D
-1.4%
1Y
12.6%

PPL (NYSE:PPL) Hasn't Managed To Accelerate Its Returns

Sep 09
PPL (NYSE:PPL) Hasn't Managed To Accelerate Its Returns
CEG
US$318.00
Constellation Energy
7D
2.9%
1Y
67.4%

Bipartisan Support And Nuclear Restarts Will Unlock Markets

Constellation Energy’s consensus price target was raised from $333.84 to $346.19 as analysts see the company well-positioned to benefit from rising AI-driven power demand, strong earnings growth, and accretive acquisitions. Analyst Commentary Analysts highlight that AI-driven demand is transforming the "Energy & Power" sector, positioning Constellation Energy as a key beneficiary of this emergent "Power revolution".
ETR
US$89.86
Entergy
7D
1.9%
1Y
45.5%

Gulf South Infrastructure And Renewables Will Drive Future Resilience

Analysts have raised Entergy’s price target to $93.13, citing its strong exposure to Gulf Coast industrial growth, rising AI-driven power demand, and robust long-term earnings growth, with the recent share pullback seen as a favorable entry point. Analyst Commentary Bullish analysts cite Entergy's strong positioning to benefit from ongoing industrial growth on the Gulf Coast, as well as rising AI-related power demand.
PCG
US$15.73
PG&E
7D
3.3%
1Y
-20.0%

PG&E (NYSE:PCG) Use Of Debt Could Be Considered Risky

Sep 02
PG&E (NYSE:PCG) Use Of Debt Could Be Considered Risky
PNW
US$88.37
Pinnacle West Capital
7D
-1.0%
1Y
-1.0%

Calculating The Fair Value Of Pinnacle West Capital Corporation (NYSE:PNW)

Aug 29
Calculating The Fair Value Of Pinnacle West Capital Corporation (NYSE:PNW)
ES
US$65.05
Eversource Energy
7D
2.6%
1Y
-3.6%

Advanced Grid Modernization And Legislative Support Will Deliver Sustainable Demand

Eversource Energy's consensus price target was revised down from $71.46 to $69.71, primarily due to a slight decrease in its future P/E multiple. What's in the News Eversource Energy reaffirmed 2025 EPS guidance of $4.67 to $4.82 per share, with a long-term EPS growth projection of 5% to 7% through 2029.
NEE
US$71.32
NextEra Energy
7D
0.6%
1Y
-14.5%
HE
US$12.14
Hawaiian Electric Industries
7D
-1.9%
1Y
8.7%
OKLO
US$79.97
Oklo
7D
14.9%
1Y
1,183.6%
ALE
US$63.48
ALLETE
7D
-0.3%
1Y
-0.4%
OTTR
US$84.00
Otter Tail
7D
-0.5%
1Y
9.0%

Otter Tail: What Went Wrong, What Comes Next

Aug 10
NRG
US$157.92
NRG Energy
7D
6.7%
1Y
97.9%