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U.S. Electric Utilities Industry Analysis

UpdatedMay 31, 2026
DataAggregated Company Financials
Companies31
  • 7D-2.1%
  • 3M-7.0%
  • 1Y9.3%
  • YTD1.5%

In the last week, the Electric Utilities industry is down 2.1% with NextEra Energy down the most at 1.7%. In the past year, the industry has gained 9.3%. 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, 31 May 2026US$970.8bUS$355.4bUS$47.3b21.3x20.5x2.7x
Tue, 28 Apr 2026US$1.0tUS$334.0bUS$45.8b21.9x22.3x3.1x
Thu, 26 Mar 2026US$992.0bUS$332.6bUS$44.2b21.2x22.4x3x
Sat, 21 Feb 2026US$1.0tUS$331.2bUS$45.2b22.1x22.2x3x
Mon, 19 Jan 2026US$941.0bUS$324.7bUS$43.5b20.9x21.6x2.9x
Wed, 17 Dec 2025US$918.4bUS$324.7bUS$43.5b19.5x21.1x2.8x
Fri, 14 Nov 2025US$968.5bUS$326.2bUS$43.7b20.7x22.2x3x
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
Price to Earnings Ratio

23.5x


Total Market Cap: US$678.8bTotal Earnings: US$28.9bTotal Revenue: US$323.5bTotal 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 industry is trading close to its 3-year average PS ratio of 2.5x.
Past Earnings Growth
  • The earnings for companies in the Electric Utilities industry have grown 18% per year over the last three years.
  • Revenues for these companies have grown 3.2% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the U.S. Utilities industry?

US Market1.58%
Utilities-1.84%
Electric Utilities-2.12%
Electric Utilities-2.12%
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
OKLO OkloUS$66.881.5%
+US$174.0m		26.9%PB4.4x
FE FirstEnergyUS$46.390.2%
+US$46.3m		10.6%PE25.2x
POR Portland General ElectricUS$50.120.6%
+US$34.7m		18.2%PE23.1x

Latest News

ETR
US$109.05
Entergy
7D
-3.0%
1Y
30.9%
SO
US$92.05
Southern
7D
-2.6%
1Y
2.3%
POR
US$50.12
Portland General Electric
7D
0.6%
1Y
18.2%
CEG
US$287.75
Constellation Energy
7D
-2.1%
1Y
-6.0%
Narrative Update • May 29

CEG: Reset Street Expectations And PJM Delay Will Shape Medium Term Outlook

Analysts have trimmed the blended price target for Constellation Energy from about $330 to roughly $293. This reflects a series of recent target reductions across the Street as they factor in updated growth, profitability and sector performance assumptions.
OKLO
US$66.88
Oklo
7D
1.5%
1Y
26.9%
XEL
US$79.50
Xcel Energy
7D
-1.9%
1Y
13.4%
FE
US$46.39
FirstEnergy
7D
0.2%
1Y
10.6%
NEE
US$87.01
NextEra Energy
7D
-1.7%
1Y
23.2%
DUK
US$122.73
Duke Energy
7D
-2.3%
1Y
4.3%
NRG
US$134.08
NRG Energy
7D
-2.6%
1Y
-14.0%
Narrative Update • May 23

NRG: LS Power Capacity Shift Will Reshape Future Margin And Earnings Mix

Analysts have adjusted the fair value estimate for NRG Energy to $274.77 from $282.66 as they factor in updated sector price targets, mixed revisions across firms, and the impact of the LS Power assets acquisition on growth assumptions and valuation inputs. Analyst Commentary Recent research points to a generally constructive stance on NRG Energy, with several bullish analysts highlighting the LS Power assets acquisition, changes in generation capacity, and shifts in the retail and wholesale mix as key factors in their updated views.
AEP
US$126.67
American Electric Power Company
7D
-3.7%
1Y
22.4%