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U.S. Electric Utilities Industry Analysis

UpdatedOct 12, 2025
DataAggregated Company Financials
Companies33
  • 7D2.3%
  • 3M11.4%
  • 1Y15.7%
  • YTD21.5%

In the last week, the Electric Utilities industry is up 2.3%, with NextEra Energy up 4.1%. Meanwhile, Edison International actually underperformed within the industry, shrinking 5.7% in the last week. This takes the industry's 12 month performance to a gain of 16%. Looking forward, earnings are forecast to grow by 11% annually.

Industry Valuation and Performance

Has the U.S. Electric Utilities Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 12 Oct 2025US$969.4bUS$320.7bUS$40.7b21.2x23.8x3x
Tue, 09 Sep 2025US$870.1bUS$320.7bUS$40.7b19.9x21.4x2.7x
Thu, 07 Aug 2025US$905.1bUS$320.0bUS$39.4b20.8x23x2.8x
Sat, 05 Jul 2025US$857.4bUS$316.4bUS$38.5b20.6x22.2x2.7x
Mon, 02 Jun 2025US$857.9bUS$316.4bUS$38.5b21.2x22.3x2.7x
Wed, 30 Apr 2025US$820.1bUS$310.7bUS$36.9b21x22.2x2.6x
Fri, 28 Mar 2025US$809.4bUS$309.3bUS$38.1b20.6x21.3x2.6x
Sun, 23 Feb 2025US$834.1bUS$309.6bUS$37.4b21x22.3x2.7x
Tue, 21 Jan 2025US$816.0bUS$310.4bUS$35.8b20.4x22.8x2.6x
Thu, 19 Dec 2024US$804.8bUS$319.1bUS$36.9b20.2x21.8x2.5x
Sat, 16 Nov 2024US$824.5bUS$319.1bUS$36.9b20.7x22.4x2.6x
Mon, 14 Oct 2024US$843.5bUS$316.7bUS$36.6b19.6x23.1x2.7x
Wed, 11 Sep 2024US$818.6bUS$316.7bUS$36.6b19.8x22.4x2.6x
Fri, 09 Aug 2024US$788.2bUS$316.3bUS$38.0b19.1x20.7x2.5x
Sun, 07 Jul 2024US$731.8bUS$313.6bUS$38.5b17.1x19x2.3x
Tue, 04 Jun 2024US$773.1bUS$314.0bUS$38.5b17.5x20.1x2.5x
Thu, 02 May 2024US$711.1bUS$315.3bUS$35.5b17.7x20x2.3x
Sat, 30 Mar 2024US$698.2bUS$316.8bUS$34.9b17.9x20x2.2x
Mon, 26 Feb 2024US$654.4bUS$322.4bUS$33.5b17.1x19.5x2x
Wed, 24 Jan 2024US$641.6bUS$322.4bUS$31.8b18.1x20.2x2x
Fri, 22 Dec 2023US$659.3bUS$322.4bUS$31.8b18.7x20.8x2x
Sun, 19 Nov 2023US$648.5bUS$322.4bUS$31.8b18.2x20.4x2x
Tue, 17 Oct 2023US$627.7bUS$325.0bUS$30.5b18.7x20.6x1.9x
Thu, 14 Sep 2023US$671.3bUS$325.0bUS$30.5b19.1x22x2.1x
Sat, 12 Aug 2023US$679.4bUS$325.0bUS$30.5b19.2x22.3x2.1x
Mon, 10 Jul 2023US$686.5bUS$325.6bUS$28.9b18.7x23.7x2.1x
Wed, 07 Jun 2023US$678.8bUS$323.5bUS$28.9b19.3x23.5x2.1x
Fri, 05 May 2023US$714.0bUS$322.9bUS$29.0b20.1x24.6x2.2x
Sun, 02 Apr 2023US$703.0bUS$314.2bUS$29.7b19.5x23.7x2.2x
Tue, 28 Feb 2023US$679.0bUS$314.5bUS$29.8b19x22.8x2.2x
Thu, 26 Jan 2023US$704.7bUS$320.5bUS$31.5b19.1x22.4x2.2x
Sat, 24 Dec 2022US$736.3bUS$320.5bUS$31.5b19.4x23.4x2.3x
Mon, 21 Nov 2022US$707.7bUS$320.5bUS$31.5b18.2x22.5x2.2x
Wed, 19 Oct 2022US$659.9bUS$305.5bUS$30.3b17.3x21.7x2.2x
Price to Earnings Ratio

21.7x


Total Market Cap: US$659.9bTotal 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 21.8x202320242025
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 3.0x.
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 Market-2.70%
Utilities1.42%
Electric Utilities2.32%
Electric Utilities2.32%
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$83.354.1%
+US$6.8b		1.8%PE29x
SO SouthernUS$98.294.0%
+US$4.1b		10.5%PE25.2x
OKLO OkloUS$147.1615.5%
+US$2.9b		1,508.3%PB31.2x
DUK Duke EnergyUS$127.022.8%
+US$2.7b		11.3%PE20.9x
CEG Constellation EnergyUS$368.492.4%
+US$2.7b		38.4%PE38.3x

Latest News

CEG
US$368.49
Constellation Energy
7D
2.4%
1Y
38.4%

Bipartisan Support And Nuclear Restarts Will Unlock Markets

Analysts have raised their price target for Constellation Energy from $355.25 to $359.31 per share. This change reflects expectations of stronger profit margins and positive momentum following sector upgrades and an improving outlook for independent power producers.
DUK
US$127.02
Duke Energy
7D
2.8%
1Y
11.3%

Grid Modernization Investments Will Fuel America's Clean Energy Future

Analysts have increased their fair value estimate for Duke Energy from $132 to approximately $133.54 per share. They cite optimism around the company’s regulatory recovery mechanisms, robust service territory growth, and favorable long-term prospects in key markets.
NRG
US$160.43
NRG Energy
7D
-3.5%
1Y
78.8%

Electrification And Digital Integration Will Shape Future Position

Analysts have raised their price target for NRG Energy from $176.95 to $191.95 per share, citing stronger revenue growth forecasts, as well as heightened expectations for datacenter power deals and continued sector momentum. Analyst Commentary Bullish Takeaways Bullish analysts are raising price targets for NRG Energy, citing accelerating cash flows for thermal independent power producers.
TXNM
US$56.62
TXNM Energy
7D
-0.6%
1Y
31.1%

Texas Data Centers And Renewable Energy Will Transform Infrastructure

Analysts have raised their price target for TXNM Energy from $58.89 to $60.08 per share, supported by recent street research that suggests expectations the Blackstone Infrastructure takeover will close at a premium valuation. Analyst Commentary Street research has provided new insights into TXNM Energy's current valuation and future prospects as the Blackstone Infrastructure takeover continues to unfold.
FE
US$46.91
FirstEnergy
7D
2.1%
1Y
9.8%

Data Center Demand And $28B Grid Investments Will Expand Infrastructure

Analysts have raised their price target for FirstEnergy from $46.25 to $46.92 per share, citing slightly improved revenue growth projections, although there is a modest decrease in expected profit margins. What's in the News A new substation in Morgan County, West Virginia is improving power reliability for nearly 2,000 Potomac Edison customers.
NEE
US$83.35
NextEra Energy
7D
4.1%
1Y
1.8%
AEP
US$117.04
American Electric Power Company
7D
2.6%
1Y
19.1%

Capital Investments And Regulatory Moves Will Secure Future Grid

American Electric Power Company's analyst price target has been modestly increased to $115.83 from $115. Analysts cite ongoing execution, robust demand trends, and the company's strategic positioning in large load development as key supporting factors.
SO
US$98.29
Southern
7D
4.0%
1Y
10.5%

Southeastern US Electrification And Renewables Will Expand Future Markets

Narrative Update on Southern: Analyst Price Target Revision Analysts have slightly increased their price target for Southern by $0.41 to $97.15. This adjustment reflects modest improvements in expected revenue growth, even though the profit margin forecast is marginally lower.
ETR
US$95.26
Entergy
7D
-0.1%
1Y
45.8%

Gulf South Infrastructure And Renewables Will Drive Future Resilience

The analyst fair value price target for Entergy was increased by $1 to $95.08. Analysts cite ongoing industrial sales strength, underappreciated nuclear assets, and robust sector performance as supporting factors for the upward revision.
PCG
US$15.86
PG&E
7D
-0.3%
1Y
-19.2%
EXC
US$47.07
Exelon
7D
3.8%
1Y
18.4%
OKLO
US$147.16
Oklo
7D
15.5%
1Y
1,508.3%
EIX
US$52.12
Edison International
7D
-5.7%
1Y
-37.7%
ES
US$72.35
Eversource Energy
7D
-0.2%
1Y
13.4%

Advanced Grid Modernization And Legislative Support Will Deliver Sustainable Demand

Despite a notable decline in consensus revenue growth forecasts and a modest increase in future P/E, Eversource Energy’s fair value estimate has edged up slightly from $69.71 to $70.77. What's in the News Eversource Energy reaffirmed 2025 EPS guidance of $4.67 to $4.82 per share and a long-term EPS growth target of 5% to 7% through 2029.
HE
US$10.89
Hawaiian Electric Industries
7D
-2.4%
1Y
11.9%

Hawaii Legislation And Grid Modernization Will Strengthen Prospects

The consensus price target for Hawaiian Electric Industries has been lowered as a result of a sharply higher future P/E and a notable decline in net profit margin, reducing fair value from $11.44 to $10.75. What's in the News J.P. Morgan Securities LLC added as Lead Underwriter for Hawaiian Electric’s $500 million Fixed-Income Offering.
OTTR
US$75.05
Otter Tail
7D
-5.9%
1Y
-2.4%

Otter Tail: What Went Wrong, What Comes Next

Aug 10