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

U.S. Electric Utilities Industry Analysis

UpdatedJul 21, 2026
DataAggregated Company Financials
Companies30
  • 7D-1.6%
  • 3M-1.2%
  • 1Y7.3%
  • YTD2.2%

Over the last 7 days, the Electric Utilities industry has dropped 1.6%, driven by declines in American Electric Power Company and Southern of 3.4% and 2.1%, respectively. This takes the industry's 12 month performance to a gain of 7.3%. 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
Tue, 21 Jul 2026US$978.8bUS$344.7bUS$46.3b22.1x21.1x2.8x
Thu, 18 Jun 2026US$973.5bUS$344.7bUS$46.3b21.5x21x2.8x
Sat, 16 May 2026US$994.5bUS$355.3bUS$47.3b20.9x21x2.8x
Mon, 13 Apr 2026US$1.0tUS$332.6bUS$44.2b22.3x23.3x3.1x
Wed, 11 Mar 2026US$1.0tUS$332.6bUS$44.3b21.5x23.2x3.1x
Fri, 06 Feb 2026US$933.4bUS$325.8bUS$43.9b21x21.3x2.9x
Sun, 04 Jan 2026US$924.7bUS$324.7bUS$43.5b19.7x21.2x2.8x
Tue, 02 Dec 2025US$969.6bUS$326.2bUS$43.7b20.5x22.2x3x
Thu, 30 Oct 2025US$971.0bUS$322.3bUS$41.9b21.2x23.2x3x
Sat, 27 Sep 2025US$904.4bUS$320.7bUS$40.7b20.7x22.2x2.8x
Mon, 25 Aug 2025US$900.1bUS$320.7bUS$40.7b20.6x22.1x2.8x
Wed, 23 Jul 2025US$879.0bUS$316.4bUS$38.5b22x22.8x2.8x
Fri, 20 Jun 2025US$838.4bUS$316.4bUS$38.5b20.2x21.8x2.7x
Sun, 18 May 2025US$862.6bUS$316.4bUS$38.5b21x22.4x2.7x
Tue, 15 Apr 2025US$798.1bUS$309.3bUS$38.1b20.3x21x2.6x
Thu, 13 Mar 2025US$809.5bUS$309.3bUS$37.6b20.3x21.5x2.6x
Sat, 08 Feb 2025US$815.6bUS$308.6bUS$35.8b20.2x22.8x2.6x
Mon, 06 Jan 2025US$798.7bUS$310.4bUS$35.8b20.5x22.3x2.6x
Wed, 04 Dec 2024US$851.4bUS$319.1bUS$36.9b21.2x23.1x2.7x
Fri, 01 Nov 2024US$852.6bUS$318.6bUS$37.9b19.8x22.5x2.7x
Sun, 29 Sep 2024US$859.4bUS$316.7bUS$36.6b20x23.5x2.7x
Tue, 27 Aug 2024US$804.6bUS$316.7bUS$36.6b19.4x22x2.5x
Thu, 25 Jul 2024US$752.1bUS$313.9bUS$38.6b18.7x19.5x2.4x
Sat, 22 Jun 2024US$738.9bUS$313.6bUS$38.5b17x19.2x2.4x
Mon, 20 May 2024US$768.4bUS$314.0bUS$38.5b17.7x19.9x2.4x
Wed, 17 Apr 2024US$679.5bUS$316.8bUS$34.9b17.3x19.4x2.1x
Fri, 15 Mar 2024US$671.0bUS$316.8bUS$34.9b17.4x19.2x2.1x
Sun, 11 Feb 2024US$637.8bUS$322.7bUS$31.9b17.3x20x2x
Tue, 09 Jan 2024US$682.0bUS$322.4bUS$31.8b19.5x21.5x2.1x
Thu, 07 Dec 2023US$664.1bUS$322.4bUS$31.8b18.7x20.9x2.1x
Sat, 04 Nov 2023US$650.8bUS$323.1bUS$30.9b18.8x21x2x
Mon, 02 Oct 2023US$618.4bUS$325.0bUS$30.5b18x20.3x1.9x
Wed, 30 Aug 2023US$664.9bUS$325.0bUS$30.5b18.9x21.8x2x
Fri, 28 Jul 2023US$711.8bUS$327.3bUS$30.4b19.2x23.4x2.2x
Price to Earnings Ratio

23.4x


Total Market Cap: US$711.8bTotal Earnings: US$30.4bTotal Revenue: US$327.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electric Utilities Industry Price to Earnings3Y Average 21.5x202420252026
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 21.5x.
  • The 3-year average PS ratio of 2.6x 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 15% 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-1.36%
Utilities-1.62%
Electric Utilities-1.58%
Electric Utilities-1.58%
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
EIX Edison InternationalUS$77.251.7%
+US$492.5m		51.7%PE8.4x
PCG PG&EUS$17.430.3%
+US$132.1m		30.3%PE13.5x
OTTR Otter TailUS$91.322.5%
+US$94.9m		17.7%PE13.7x
TXNM TXNM EnergyUS$57.801.2%
+US$78.6m		0.8%PE43.8x
FE FirstEnergyUS$48.540.2%
+US$63.6m		18.2%PE26.4x

Latest News

ETR
US$111.91
Entergy
7D
-2.6%
1Y
28.6%
Seeking Alpha • Jul 20

Entergy: Visible EPS Growth Backed By Contracted Load Growth

Summary I rate Entergy Corporation a buy, driven by contracted data center and industrial load supporting regulated infrastructure expansion and faster EPS growth. ETR's long-term, risk-mitigated contracts with large customers provide financial visibility and regulatory support for its $67 billion capital plan. Management targets a 16.1% CAGR in rate base and ~13% adj. EPS CAGR through 2030, outpacing peers and supporting a premium valuation. Regulatory approval, customer concentration, and execution risks exist, but ETR's secured resources and customer protections enhance confidence in achieving growth targets. Read the full article on Seeking Alpha
CEG
US$253.50
Constellation Energy
7D
-1.6%
1Y
-20.3%
Seeking Alpha • Jul 19

Constellation Energy: The Inventory Is Smaller Than The Gap

Summary Constellation Energy is uniquely positioned with the largest deliverable carbon-free inventory, controlling over half of the US merchant nuclear pool. CEG’s investment case hinges on structural scarcity: its uncontracted nuclear inventory is smaller than the massive data-center-driven supply gap, supporting durable pricing power. Guidance excludes upside from ~147 TWh of uncontracted nuclear, offering a free, unmodeled option potentially worth +$1.5 to $4 EPS over five years. I rate CEG a Buy for its downside-protected, contracted base and mispriced optionality, favoring entry on weakness toward the mid-$250s. Read the full article on Seeking Alpha
NRG
US$130.58
NRG Energy
7D
-6.4%
1Y
-14.3%
EIX
US$77.25
Edison International
7D
1.7%
1Y
51.7%
Narrative Update • Jul 16

EIX: Wildfire Reform And Legal Oversight Will Steer Earnings Outlook

Analysts have nudged their fair value estimate for Edison International higher, with the price target rising by about $1.80 to $75.96. They cited updated assumptions around slightly stronger revenue growth, a lower discount rate, and refreshed sector models reflected in recent target tweaks from major research houses.
OTTR
US$91.32
Otter Tail
7D
2.5%
1Y
17.7%
EXC
US$45.96
Exelon
7D
-2.4%
1Y
5.1%
GNE
US$14.13
Genie Energy
7D
0.6%
1Y
-33.0%
Seeking Alpha • Jul 15

Genie Energy: Cash-Rich, Governance-Poor, And Fairly Priced For Now

Summary Genie Energy is rated Hold with a target price of $16.72, reflecting governance concerns and business volatility despite an apparent 20% upside. GNE's strong cash position ($185.9M, half its market cap) limits downside risk, but underutilized capital drags on ROE and shareholder value. Governance risks - family control, repeated internal control weaknesses, and restatements - continue to weigh on valuation and limit re-rating potential. Margin stabilization and a clear capital deployment strategy are essential for upside. Current sector headwinds and high churn constrain growth. Read the full article on Seeking Alpha
FE
US$48.54
FirstEnergy
7D
0.2%
1Y
18.2%
Seeking Alpha • Jul 14

FirstEnergy: Cheap And With Potential To Grow

Summary FirstEnergy Corp. remains a compelling 'buy' in the utility sector, supported by strong growth, attractive valuation, and low leverage. FE's revenue and EBITDA are rising, with Q1 2026 revenue up 11.6% and EBITDA expanding from $1.20B to $1.44B year-over-year. Management projects $36B in investments from 2026–2030, targeting 6–8% annual EPS growth, driven by robust data center demand. FE trades at appealing multiples versus peers and maintains superior financial flexibility, positioning it for continued expansion and risk mitigation. Read the full article on Seeking Alpha
NEE
US$88.00
NextEra Energy
7D
-0.4%
1Y
15.5%
Seeking Alpha • Jul 11

NextEra Energy: Merger With Dominion Energy Introduces Risks

Summary NextEra Energy proposes an all-stock merger with Dominion Energy, aiming to create a $250B utility leader amid surging AI-driven electricity demand. NEE expects the scale from the merger to accelerate project delivery and efficiency, especially in data center-heavy regions like Virginia. The deal's takeover premium and regulatory concessions set a high bar for synergy realization amid integration risks. NEE's historical outperformance is rooted in Florida Power & Light's favorable regulatory environment; the merger could dilute this competitive edge. Read the full article on Seeking Alpha
PCG
US$17.43
PG&E
7D
0.3%
1Y
30.3%
AEP
US$131.05
American Electric Power Company
7D
-3.4%
1Y
20.7%
XEL
US$78.67
Xcel Energy
7D
-2.2%
1Y
9.9%
TXNM
US$57.80
TXNM Energy
7D
1.2%
1Y
0.8%
SO
US$94.46
Southern
7D
-2.1%
1Y
-0.3%