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U.S. Electric Utilities Industry Analysis

UpdatedApr 29, 2026
DataAggregated Company Financials
Companies30
  • 7D3.6%
  • 3M7.1%
  • 1Y20.1%
  • YTD6.7%

Over the last 7 days, the Electric Utilities industry has risen 3.6%, driven by gains from NextEra Energy of 6.5%. This means that the industry has gained 20% over the past year. 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
Wed, 29 Apr 2026US$1.0tUS$334.0bUS$45.8b22x22.3x3.1x
Fri, 27 Mar 2026US$995.5bUS$332.6bUS$44.2b21.3x22.5x3x
Sun, 22 Feb 2026US$1.0tUS$331.3bUS$45.3b22.3x22.3x3x
Tue, 20 Jan 2026US$941.0bUS$324.7bUS$43.5b20.9x21.6x2.9x
Thu, 18 Dec 2025US$914.1bUS$324.7bUS$43.5b19.6x21x2.8x
Sat, 15 Nov 2025US$951.9bUS$326.2bUS$43.7b20.7x21.8x2.9x
Mon, 13 Oct 2025US$969.4bUS$320.7bUS$40.7b21.2x23.8x3x
Wed, 10 Sep 2025US$866.8bUS$320.7bUS$40.7b19.9x21.3x2.7x
Fri, 08 Aug 2025US$898.4bUS$320.0bUS$39.4b20.8x22.8x2.8x
Sun, 06 Jul 2025US$857.4bUS$316.4bUS$38.5b20.6x22.2x2.7x
Tue, 03 Jun 2025US$860.0bUS$316.4bUS$38.5b20.9x22.3x2.7x
Thu, 01 May 2025US$826.3bUS$310.4bUS$38.3b20.9x21.5x2.7x
Sat, 29 Mar 2025US$809.7bUS$309.3bUS$38.1b20.7x21.3x2.6x
Mon, 24 Feb 2025US$834.1bUS$309.6bUS$37.4b21x22.3x2.7x
Wed, 22 Jan 2025US$816.0bUS$310.4bUS$35.8b20.7x22.8x2.6x
Fri, 20 Dec 2024US$786.6bUS$319.1bUS$36.9b20.3x21.3x2.5x
Sun, 17 Nov 2024US$834.1bUS$319.1bUS$37.4b20.7x22.3x2.6x
Tue, 15 Oct 2024US$843.5bUS$316.7bUS$36.6b19.6x23.1x2.7x
Thu, 12 Sep 2024US$824.7bUS$316.7bUS$36.6b19.8x22.6x2.6x
Sat, 10 Aug 2024US$788.8bUS$316.7bUS$38.4b19.2x20.5x2.5x
Mon, 08 Jul 2024US$731.8bUS$313.6bUS$38.5b17.1x19x2.3x
Wed, 05 Jun 2024US$762.9bUS$314.0bUS$38.5b17.5x19.8x2.4x
Fri, 03 May 2024US$719.5bUS$315.5bUS$35.8b17.7x20.1x2.3x
Sun, 31 Mar 2024US$698.0bUS$316.8bUS$34.9b17.9x20x2.2x
Tue, 27 Feb 2024US$640.3bUS$321.9bUS$33.5b16.7x19.1x2x
Thu, 25 Jan 2024US$643.7bUS$322.4bUS$31.8b17.9x20.3x2x
Sat, 23 Dec 2023US$662.5bUS$322.4bUS$31.8b18.8x20.9x2.1x
Mon, 20 Nov 2023US$649.3bUS$322.4bUS$31.8b18.2x20.4x2x
Wed, 18 Oct 2023US$627.1bUS$325.0bUS$30.5b18.6x20.6x1.9x
Fri, 15 Sep 2023US$671.3bUS$325.0bUS$30.5b19.4x22x2.1x
Sun, 13 Aug 2023US$679.4bUS$325.0bUS$30.5b19.2x22.3x2.1x
Tue, 11 Jul 2023US$683.8bUS$325.6bUS$28.9b18.6x23.6x2.1x
Thu, 08 Jun 2023US$678.8bUS$323.5bUS$28.9b19.6x23.5x2.1x
Sat, 06 May 2023US$719.0bUS$323.1bUS$28.8b20x25x2.2x
Price to Earnings Ratio

25x


Total Market Cap: US$719.0bTotal Earnings: US$28.8bTotal Revenue: US$323.1bTotal 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 3.1x.
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-0.028%
Utilities3.05%
Electric Utilities3.60%
Electric Utilities3.60%
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$96.516.5%
+US$12.3b		43.5%PE24.6x
CEG Constellation EnergyUS$305.7110.1%
+US$10.1b		35.0%PE47.8x
SO SouthernUS$94.412.7%
+US$2.8b		3.2%PE24.5x
AEP American Electric Power CompanyUS$135.592.8%
+US$2.0b		25.0%PE20.5x
DUK Duke EnergyUS$127.801.7%
+US$1.7b		5.0%PE20.3x

Latest News

OKLO
US$69.09
Oklo
7D
10.3%
1Y
182.7%
CEG
US$305.71
Constellation Energy
7D
10.1%
1Y
35.0%
AEP
US$135.59
American Electric Power Company
7D
2.8%
1Y
25.0%
EIX
US$67.94
Edison International
7D
-2.6%
1Y
15.7%

Edison International: I Remain Careful Following My 2024 Thesis

Apr 27
NEE
US$96.51
NextEra Energy
7D
6.5%
1Y
43.5%

NEE Valuation — The Convergence of Grid Stability and AI Growth

​As of late April 2026, NextEra Energy (NEE) trades near its 52-week high of $96, buoyed by a robust Q1 earnings beat ($1.09 vs. $0.92 est.) and a record-breaking 33 GW renewables backlog.
PCG
US$16.26
PG&E
7D
-4.2%
1Y
-6.3%
HE
US$15.24
Hawaiian Electric Industries
7D
-1.3%
1Y
45.1%

HE: Derivative Settlement Liabilities Will Eventually Pressure Earnings Multiple

Analysts have nudged their price target on Hawaiian Electric Industries up from $13.25 to $13.50. They state this reflects updated views on fair value, discount rate, revenue growth, profit margin and future P/E assumptions.
NRG
US$154.81
NRG Energy
7D
3.3%
1Y
41.3%
SO
US$94.41
Southern
7D
2.7%
1Y
3.2%

SO: Fair View Will Reflect Dam Safety Progress And Dividend Support

Analysts now see Southern’s fair value edging to about $101.87 from roughly $101.24, reflecting updated assumptions for revenue growth, profit margins, the discount rate, and future P/E. These changes slightly adjust the risk and return trade off you may want to watch.
EXC
US$47.04
Exelon
7D
2.6%
1Y
0.3%

EXC: Data Center Demand And Capex Execution Will Shape Fairly Balanced Outlook

Exelon's updated analyst price target edges down by about $1 to roughly $50 as analysts factor in a slightly higher discount rate and modestly lower assumed future P/E, while keeping revenue growth and profit margin expectations broadly in line. Analyst Commentary Recent Street research around Exelon points to a mixed tone, with some firms trimming price targets and others maintaining or lifting them after updating models and estimates.
TXNM
US$58.97
TXNM Energy
7D
-0.03%
1Y
9.8%
DUK
US$127.80
Duke Energy
7D
1.7%
1Y
5.0%

DUK: Data Center Load And New Gas Project Will Shape Balanced Outlook

The analyst price target for Duke Energy has shifted higher, rising about $1.50 to $139.82 as analysts factor in updated assumptions for revenue growth, profit margins and future P/E following a series of recent target revisions across the Street. Analyst Commentary Recent research updates on Duke Energy show a mix of higher price targets and at least one rating downgrade.