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U.S. Electric Utilities Industry Analysis

UpdatedMay 14, 2026
DataAggregated Company Financials
Companies30
  • 7D-3.1%
  • 3M-0.4%
  • 1Y14.3%
  • YTD2.8%

Over the last 7 days, the Electric Utilities industry has dropped 3.1%, driven by a pullback from Constellation Energy of 15%. Over the past 12 months, the industry was up 14%. As for the next few years, earnings are expected to grow by 11% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 15 May 2026US$1.0tUS$344.7bUS$46.3b21.4x21.6x2.9x
Sun, 12 Apr 2026US$1.0tUS$332.6bUS$44.2b22.3x23.3x3.1x
Tue, 10 Mar 2026US$1.0tUS$332.6bUS$44.3b21.8x23.1x3.1x
Thu, 05 Feb 2026US$939.6bUS$325.8bUS$43.9b21x21.4x2.9x
Sat, 03 Jan 2026US$913.4bUS$324.7bUS$43.5b19.7x21x2.8x
Mon, 01 Dec 2025US$969.6bUS$326.2bUS$43.7b21x22.2x3x
Wed, 29 Oct 2025US$986.8bUS$321.4bUS$41.0b21.3x24.1x3.1x
Fri, 26 Sep 2025US$913.9bUS$320.7bUS$40.7b20.4x22.5x2.9x
Sun, 24 Aug 2025US$900.1bUS$320.7bUS$40.7b20.6x22.1x2.8x
Tue, 22 Jul 2025US$876.0bUS$316.4bUS$38.5b21.6x22.7x2.8x
Thu, 19 Jun 2025US$836.7bUS$316.4bUS$38.5b20.2x21.7x2.6x
Sat, 17 May 2025US$851.8bUS$316.4bUS$38.5b21x22.1x2.7x
Mon, 14 Apr 2025US$798.1bUS$309.3bUS$38.1b20x21x2.6x
Wed, 12 Mar 2025US$814.9bUS$309.3bUS$37.6b20.2x21.7x2.6x
Fri, 07 Feb 2025US$816.2bUS$308.6bUS$35.8b20.5x22.8x2.6x
Sun, 05 Jan 2025US$798.7bUS$310.4bUS$35.8b20.5x22.3x2.6x
Tue, 03 Dec 2024US$869.3bUS$319.1bUS$36.9b21.3x23.6x2.7x
Thu, 31 Oct 2024US$844.2bUS$318.1bUS$37.8b19.5x22.4x2.7x
Sat, 28 Sep 2024US$851.4bUS$316.7bUS$36.6b20x23.3x2.7x
Mon, 26 Aug 2024US$804.6bUS$316.7bUS$36.6b19.3x22x2.5x
Wed, 24 Jul 2024US$756.4bUS$313.6bUS$38.5b18.3x19.6x2.4x
Fri, 21 Jun 2024US$732.8bUS$313.6bUS$38.5b17.1x19x2.3x
Sun, 19 May 2024US$768.4bUS$314.0bUS$38.5b17.7x19.9x2.4x
Tue, 16 Apr 2024US$685.7bUS$316.8bUS$34.9b17.5x19.6x2.2x
Thu, 14 Mar 2024US$665.4bUS$316.8bUS$34.9b17.6x19x2.1x
Sat, 10 Feb 2024US$637.8bUS$322.7bUS$31.9b17.3x20x2x
Mon, 08 Jan 2024US$682.0bUS$322.4bUS$31.8b19.4x21.5x2.1x
Wed, 06 Dec 2023US$658.7bUS$322.4bUS$31.8b18.5x20.7x2x
Fri, 03 Nov 2023US$636.9bUS$323.2bUS$30.9b18.6x20.6x2x
Sun, 01 Oct 2023US$618.4bUS$325.0bUS$30.5b18x20.3x1.9x
Tue, 29 Aug 2023US$663.4bUS$325.0bUS$30.5b18.9x21.8x2x
Thu, 27 Jul 2023US$715.9bUS$327.8bUS$30.4b19.2x23.6x2.2x
Sat, 24 Jun 2023US$684.9bUS$325.6bUS$28.9b18.5x23.7x2.1x
Mon, 22 May 2023US$688.2bUS$323.5bUS$28.9b19.1x23.8x2.1x
Price to Earnings Ratio

23.8x


Total Market Cap: US$688.2bTotal 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 3-year average PS ratio of 2.5x is lower than the industry's current PS ratio of 2.9x.
Past Earnings Growth
  • The earnings for companies in the Electric Utilities industry have grown 17% per year over the last three years.
  • Revenues for these companies have grown 2.1% 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 Market0.55%
Utilities-2.54%
Electric Utilities-3.13%
Electric Utilities-3.13%
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$95.682.5%
+US$4.9b		28.3%PE24.4x
SO SouthernUS$93.681.4%
+US$1.4b		7.2%PE24.2x
PCG PG&EUS$16.813.8%
+US$1.4b		-3.1%PE13x
EIX Edison InternationalUS$70.733.2%
+US$831.2m		22.8%PE7.7x
ES Eversource EnergyUS$68.812.6%
+US$665.7m		10.3%PE14.8x

Latest News

AEP
US$128.60
American Electric Power Company
7D
-2.4%
1Y
26.6%
ETR
US$112.90
Entergy
7D
0.8%
1Y
38.0%
PPL
US$35.78
PPL
7D
-2.7%
1Y
4.0%
CEG
US$275.26
Constellation Energy
7D
-11.6%
1Y
-3.2%
Analysis Article • 13h

Constellation Energy Corporation Just Beat EPS By 73%: Here's What Analysts Think Will Happen Next

Constellation Energy Corporation ( NASDAQ:CEG ) investors will be delighted, with the company turning in some strong...
OKLO
US$67.21
Oklo
7D
-6.4%
1Y
79.7%
DUK
US$124.31
Duke Energy
7D
-0.4%
1Y
7.2%
NRG
US$134.72
NRG Energy
7D
-5.0%
1Y
-13.1%
OTTR
US$90.18
Otter Tail
7D
2.7%
1Y
14.7%
Narrative Update • May 13

OTTR: Neutral Outlook Will Balance Steady EPS Visibility Against Execution And Governance Risks

Analysts have nudged their fair value estimate for Otter Tail up from $86.50 to $90.50, citing expectations of steadier profitability and a slightly lower future P/E multiple, even as recent ratings have become more cautious. Analyst Commentary Recent research highlights a split view on Otter Tail, with some analysts tempering their stance while others see reasons to stick with a steady, valuation-focused case.
NEE
US$95.68
NextEra Energy
7D
2.5%
1Y
28.3%
LNT
US$72.45
Alliant Energy
7D
1.1%
1Y
17.4%
Analysis Article • May 11

Alliant Energy's (NASDAQ:LNT) Solid Earnings May Rest On Weak Foundations

Alliant Energy Corporation's ( NASDAQ:LNT ) robust recent earnings didn't do much to move the stock. We think this is...
HE
US$13.54
Hawaiian Electric Industries
7D
-12.2%
1Y
27.9%
ES
US$68.81
Eversource Energy
7D
2.6%
1Y
10.3%
SO
US$93.68
Southern
7D
1.4%
1Y
7.2%
Narrative Update • May 10

SO: Fair Outlook Will Weigh Dividend Support Against Dam Safety Progress

Analysts have trimmed their price target on Southern to $101.71 from $101.87 as small shifts in the discount rate, revenue growth assumptions, profit margin outlook, and future P/E estimates narrow their view of the upside from here. What's in the News Southern Company announced a regular quarterly dividend of $0.76 per share on its common stock, payable June 8, 2026, to shareholders of record as of May 18, 2026, with the annualized dividend rate set at $3.04 per share (Key Developments).
EIX
US$70.73
Edison International
7D
3.2%
1Y
22.8%
Narrative Update • May 09

EIX: Wildfire Reform And Eaton Fire Litigation Will Pressure Future Returns

Analysts have adjusted the Edison International fair value estimate from $55.80 to $62.00, reflecting recent shifts in price targets and updated views on earnings visibility, wildfire related risks, and expected valuation multiples across the sector. Analyst Commentary Recent Street research on Edison International shows a mixed backdrop, with several firms adjusting price targets and ratings as they reassess wildfire exposure, regulatory outcomes, and earnings visibility.
FE
US$44.50
FirstEnergy
7D
-1.5%
1Y
4.9%
Narrative Update • May 07

FE: Higher 2026 Dividend Framework Will Support A More Attractive Outlook

Analysts have inched their price target for FirstEnergy higher to about $53.23 from $53, reflecting updated assumptions around discount rates, revenue growth, profit margins, and future P/E levels. What's in the News The Board has declared a quarterly dividend of $0.465 per share of common stock, payable June 1, 2026, to shareholders of record as of May 7, 2026.
PCG
US$16.81
PG&E
7D
3.8%
1Y
-3.1%
Narrative Update • Apr 29

PCG: Wildfire Policy Reform And Liability Reduction Will Drive Future Repricing

Narrative Update The analyst price target for PG&E is nudged higher to $22.84 from $22.63, as analysts factor in updated assumptions around revenue growth, profitability, and future P/E multiples, along with a series of recent target raises and a new bullish initiation. Analyst Commentary Recent research on PG&E shows a mix of optimism around risk reduction and earnings potential, alongside ongoing caution about regulatory outcomes and valuation.