Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Electric Utilities Industry Analysis

UpdatedJun 24, 2026
DataAggregated Company Financials
Companies30
  • 7D0.7%
  • 3M-1.6%
  • 1Y10.8%
  • YTD2.6%

The Electric Utilities is pretty flat in the last 7 days, but American Electric Power Company has stood out, gaining 3.1%. The past year has been better, since the industry has gained 11% in that time. 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, 24 Jun 2026US$971.9bUS$344.7bUS$46.3b21.9x21x2.8x
Fri, 22 May 2026US$975.6bUS$355.5bUS$47.4b21.7x20.6x2.7x
Sun, 19 Apr 2026US$1.0tUS$332.6bUS$44.2b22.2x23x3.1x
Tue, 17 Mar 2026US$1.0tUS$332.6bUS$44.3b21.7x23.1x3.1x
Thu, 12 Feb 2026US$958.8bUS$327.2bUS$44.0b21.5x21.8x2.9x
Sat, 10 Jan 2026US$918.1bUS$324.7bUS$43.5b20.1x21.1x2.8x
Mon, 08 Dec 2025US$930.2bUS$326.2bUS$43.7b19.9x21.3x2.9x
Wed, 05 Nov 2025US$964.9bUS$324.9bUS$42.1b21.6x22.9x3x
Fri, 03 Oct 2025US$935.8bUS$320.7bUS$40.7b21x23x2.9x
Sun, 31 Aug 2025US$880.4bUS$320.7bUS$40.7b20.2x21.6x2.7x
Tue, 29 Jul 2025US$882.2bUS$317.1bUS$38.9b21.5x22.7x2.8x
Thu, 26 Jun 2025US$853.7bUS$316.4bUS$38.5b20.3x22.1x2.7x
Sat, 24 May 2025US$836.7bUS$316.4bUS$38.5b20.8x21.7x2.6x
Mon, 21 Apr 2025US$812.3bUS$309.3bUS$38.1b20.5x21.3x2.6x
Wed, 19 Mar 2025US$823.2bUS$309.3bUS$37.6b20.8x21.9x2.7x
Fri, 14 Feb 2025US$828.2bUS$309.4bUS$37.4b20.3x22.2x2.7x
Sun, 12 Jan 2025US$785.0bUS$285.5bUS$33.0b19.6x23.8x2.7x
Tue, 10 Dec 2024US$835.5bUS$319.1bUS$36.9b20.9x22.7x2.6x
Thu, 07 Nov 2024US$837.1bUS$319.2bUS$38.0b20.3x22.1x2.6x
Sat, 05 Oct 2024US$866.1bUS$316.7bUS$36.6b19.7x23.7x2.7x
Mon, 02 Sep 2024US$814.4bUS$316.7bUS$36.6b19.5x22.3x2.6x
Wed, 31 Jul 2024US$765.2bUS$313.8bUS$37.7b18.7x20.3x2.4x
Fri, 28 Jun 2024US$735.8bUS$313.6bUS$38.5b17.2x19.1x2.3x
Sun, 26 May 2024US$760.3bUS$314.0bUS$38.5b17.2x19.7x2.4x
Tue, 23 Apr 2024US$698.5bUS$316.8bUS$34.9b18.1x20x2.2x
Thu, 21 Mar 2024US$677.7bUS$316.8bUS$34.9b17.6x19.4x2.1x
Sat, 17 Feb 2024US$647.3bUS$321.1bUS$31.8b17.6x20.3x2x
Mon, 15 Jan 2024US$669.4bUS$322.4bUS$31.8b18.8x21.1x2.1x
Wed, 13 Dec 2023US$661.6bUS$322.4bUS$31.8b18.8x20.8x2.1x
Fri, 10 Nov 2023US$638.8bUS$322.5bUS$31.8b18x20.1x2x
Sun, 08 Oct 2023US$599.0bUS$325.0bUS$30.5b18x19.6x1.8x
Tue, 05 Sep 2023US$653.4bUS$325.0bUS$30.5b18.5x21.4x2x
Thu, 03 Aug 2023US$694.9bUS$327.3bUS$30.2b19.5x23x2.1x
Sat, 01 Jul 2023US$690.4bUS$325.6bUS$28.9b18.6x23.9x2.1x
Price to Earnings Ratio

23.9x


Total Market Cap: US$690.4bTotal Earnings: US$28.9bTotal Revenue: US$325.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electric Utilities Industry Price to Earnings3Y Average 21.6x202420252026
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 21.6x.
  • 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-2.31%
Utilities0.54%
Electric Utilities0.74%
Electric Utilities0.74%
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
AEP American Electric Power CompanyUS$133.743.1%
+US$2.2b		29.5%PE19.9x
NRG NRG EnergyUS$137.664.2%
+US$1.2b		-10.4%PE168.9x
XEL Xcel EnergyUS$80.331.7%
+US$842.8m		17.7%PE24x
CEG Constellation EnergyUS$270.260.8%
+US$807.1m		-15.7%PE25.5x
SO SouthernUS$94.930.7%
+US$698.9m		4.4%PE24.5x

Latest News

OKLO
US$57.19
Oklo
7D
-0.5%
1Y
-5.8%
XEL
US$80.33
Xcel Energy
7D
1.7%
1Y
17.7%
NRG
US$137.66
NRG Energy
7D
4.2%
1Y
-10.4%
Narrative Update • Jun 23

NRG: LS Power Acquisition Will Recast Margin Mix And Future Earnings

NRG Energy's updated fair value estimate has shifted modestly lower to about $266 from roughly $275 as analysts refine their targets, reflecting higher assumed revenue growth, a slightly lower profit margin outlook, and updated P/E expectations across the utilities sector. Analyst Commentary Recent Street research on NRG Energy shows a mixed but generally constructive tone, with several bullish analysts adjusting price targets while keeping a close eye on execution and sector trends.
AEP
US$133.74
American Electric Power Company
7D
3.1%
1Y
29.5%
Narrative Update • Jun 23

AEP: Data Center Demand And PJM Decisions Will Shape Future Returns

Analysts trimmed the base case fair value estimate for American Electric Power Company by about $0.10 to $144.43 per share. This adjustment reflects slightly lower consolidated price targets after recent cuts from firms citing moderating utility sector performance and emerging, but currently contained, data center pushback risks.
CEG
US$270.26
Constellation Energy
7D
0.8%
1Y
-15.7%
NEE
US$86.43
NextEra Energy
7D
0.2%
1Y
21.1%
Narrative Update • Jun 22

NEE: Dominion Merger And AI Power Demand Will Support Future EPS

Analysts have nudged their fair value estimate for NextEra Energy up by $1 to $112, reflecting updated assumptions for slightly higher revenue growth, stronger profit margins, a modestly higher discount rate, and a lower future P/E multiple, supported by recent research that points to improving sentiment around the Dominion merger and the stock's prior underperformance. Analyst Commentary Recent Street research around NextEra Energy centers on the planned all stock merger with Dominion and how that deal could reshape the combined utility and energy infrastructure platform.
DUK
US$125.05
Duke Energy
7D
-0.8%
1Y
6.9%
Narrative Update • Jun 22

DUK: Data Center Pipeline And Nuclear Lifecycle Will Drive Future Power Demand

Duke Energy's analyst price targets have been trimmed by a few dollars to around the mid $130s, as analysts factor in regulatory uncertainty around coal retirements and data center pushback, while still referencing execution, scale, and a sizable data center pipeline in their updated views. Analyst Commentary Recent research on Duke Energy reflects a mixed but generally constructive tone, with analysts adjusting price targets into a tighter band while weighing regulatory risk against execution on large growth projects like data centers and potential nuclear development.
OTTR
US$88.13
Otter Tail
7D
-1.1%
1Y
12.8%
Analysis Article • Jun 20

Otter Tail (OTTR) Stock Could Be 3.3% Undervalued As Utility Growth Plans Come Into Focus

Otter Tail (OTTR) is back on investors’ radar after fresh trading data highlighted recent share performance, including a last close of $87.50 and a year to date total return of 7.4%. See our latest analysis for Otter Tail. Recent trading shows mixed short term momentum for Otter Tail, with a 1 day share price return of 0.89% and a 7 day share price return that declined 2.33%, while the 1 year total shareholder return of 17.29% and 5 year total shareholder return of 102.01% point to stronger...
FE
US$47.45
FirstEnergy
7D
-0.5%
1Y
17.1%
ES
US$71.03
Eversource Energy
7D
1.8%
1Y
11.3%
Narrative Update • Jun 18

ES: Earnings Strength And Regulatory Risks Will Likely Keep Fair Value Steady

The analyst price target for Eversource Energy has been revised slightly. Updated assumptions on fair value, discount rate, revenue growth, profit margin, and future P/E have prompted a modest adjustment that analysts reflect in a new target close to $72 per share.
SO
US$94.93
Southern
7D
0.7%
1Y
4.4%
Narrative Update • Jun 17

SO: Future Dividend Strength Will Reflect Data Center Power And Nuclear Progress

Analysts have maintained their price target on Southern at $101.34. This reflects unchanged views on fair value, discount rate, revenue growth, profit margin and future P/E assumptions following the latest review.
ETR
US$113.81
Entergy
7D
1.3%
1Y
37.2%
Narrative Update • Jun 16

ETR: Data Center Load And Fair Share Plus Will Shape Future EPS

The updated analyst price target for Entergy edges slightly lower, reflecting modest model adjustments to fair value and profit margin assumptions, even as analysts highlight steady long term EPS frameworks, large load opportunities, and detailed capital plans shared at recent investor events. Analyst Commentary Recent research on Entergy highlights a mix of optimism around long term growth plans and load opportunities, alongside more conservative views tied to valuation, market multiples, and execution risk.
PPL
US$36.29
PPL
7D
-0.2%
1Y
6.1%
Narrative Update • Jun 08

PPL: Pennsylvania Settlement And 2026 Earnings Path Will Drive Future Upside

PPL's analyst price target edges slightly lower, with the average fair value estimate moving from about $41.53 to $41.20 as analysts fine tune their models following recent regulatory outcomes in Pennsylvania and modest adjustments to growth and margin assumptions. Analyst Commentary Research houses are generally fine tuning their PPL views around recent Pennsylvania regulatory decisions and sector moves, rather than making wholesale changes to their fundamental stance.
HE
US$13.12
Hawaiian Electric Industries
7D
-2.6%
1Y
21.5%
Narrative Update • Jun 07

HE: Settlement Progress And Insurance Funding Will Gradually Pressure Earnings Multiple

Analysts have maintained their $13.50 price target for Hawaiian Electric Industries, citing updated assumptions for the discount rate, revenue growth, profit margin, and future P/E that they view as more closely aligned with the company’s current risk and earnings profile. What's in the News Hawaiian Electric Industries and Hawaiian Electric Company entered into a Derivative Settlement Agreement to resolve previously disclosed stockholder derivative actions in federal and state courts, with a proposed payment of US$100 million funded by the company’s insurers.