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U.S. Electric Utilities Industry Analysis

UpdatedJul 03, 2026
DataAggregated Company Financials
Companies30
  • 7D-0.1%
  • 3M-2.2%
  • 1Y11.8%
  • YTD3.8%

In the last week, the Electric Utilities industry is flat overall, with Constellation Energy standing out by going down 9.4%. The past year has been better, since the industry has gained 12% in that time. 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
Sat, 04 Jul 2026US$972.9bUS$344.7bUS$46.3b22.5x21x2.8x
Mon, 01 Jun 2026US$970.8bUS$355.4bUS$47.3b21.3x20.5x2.7x
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
Price to Earnings Ratio

23.6x


Total Market Cap: US$683.8bTotal 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 Market1.38%
Utilities-0.44%
Electric Utilities-0.13%
Electric Utilities-0.13%
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
SO SouthernUS$97.982.2%
+US$2.3b		7.1%PE25.3x
DUK Duke EnergyUS$129.602.0%
+US$1.9b		10.5%PE20x
NEE NextEra EnergyUS$88.340.7%
+US$1.3b		19.6%PE22.5x
ES Eversource EnergyUS$74.443.3%
+US$887.5m		15.3%PE16x
AEP American Electric Power CompanyUS$138.511.1%
+US$821.6m		33.4%PE20.6x

Latest News

AEP
US$138.51
American Electric Power Company
7D
1.1%
1Y
33.4%
Seeking Alpha • 10h

American Electric Power: Buy The Grid Behind The AI Boom

Summary American Electric Power is positioned to benefit from surging data center-driven electricity demand, underpinned by robust contracted load growth. AEP guides for 7–9% earnings growth, supported by a $78 billion five-year capital plan targeting transmission and generation expansion. Shares trade at a forward P/E of 21.8, above the historical average, yet this premium is justified by strong visibility into future growth and contracted demand. I maintain a 'Buy' rating on AEP, citing its unmatched transmission footprint, durable earnings growth, and defensive yield amid execution and regulatory risks. Read the full article on Seeking Alpha
EIX
US$75.66
Edison International
7D
1.2%
1Y
44.0%
PPL
US$36.89
PPL
7D
-0.3%
1Y
9.1%
ES
US$74.44
Eversource Energy
7D
3.3%
1Y
15.3%
Narrative Update • Jul 02

ES: FERC Return Cut And Aquarion Sale Will Pressure Future Returns

Analysts have trimmed their fair value estimate for Eversource Energy from about $61.18 to $57.38 as they factor in a slightly lower profit margin outlook and a reduced future P/E multiple, partially offset by updated assumptions for revenue growth and the discount rate. What’s in the News for Eversource Energy Eversource Energy completed the US$2.4b sale of Aquarion Water Company to the Aquarion Water Authority, a quasi public entity of Connecticut, with plans to direct about US$1.7b of adjusted net equity proceeds to debt reduction, according to recent company reports.
CEG
US$239.25
Constellation Energy
7D
-9.4%
1Y
-23.3%
DUK
US$129.60
Duke Energy
7D
2.0%
1Y
10.5%
EXC
US$47.88
Exelon
7D
1.0%
1Y
11.0%
PCG
US$17.05
PG&E
7D
-0.2%
1Y
22.6%
Seeking Alpha • Jun 29

PG&E Continues To Incrementally Improve Its Portfolio

Summary PG&E Corporation is targeting robust EPS growth, aiming for $1.65 in 2026 and $2.33 by 2030, with no new equity issuance. PCG's aggressive wildfire mitigation and infrastructure upgrades, including $15 billion in undergrounding, are designed to reduce risk and improve reliability. Rate base is projected to grow 9% annually, supporting a 20%+ dividend payout ratio and a potential 3% yield by 2030. Execution on capital plans and sustained customer quality improvements are critical for long-term PCG returns amid high rates and reputational challenges. Read the full article on Seeking Alpha
SO
US$97.98
Southern
7D
2.2%
1Y
7.1%
NEE
US$88.34
NextEra Energy
7D
0.7%
1Y
19.6%
NRG
US$136.70
NRG Energy
7D
-7.1%
1Y
-13.7%
ETR
US$115.11
Entergy
7D
-0.2%
1Y
40.5%
EVRG
US$88.13
Evergy
7D
1.7%
1Y
25.6%
Narrative Update • Jun 24

EVRG: Future Demand Investments And Mixed Research Views Signal Balanced Outlook

Analysts have adjusted their blended price target on Evergy by $3, reflecting a combination of a $4 increase from one firm and a $1 cut from another, with the changes supported by updated views on valuation, regulatory conditions, and the company’s earnings outlook. Analyst Commentary Recent research on Evergy highlights a split view on where the stock should trade, with some analysts more comfortable raising price targets and others trimming expectations based on their read of valuation, regulatory risk, and earnings visibility.
TXNM
US$56.94
TXNM Energy
7D
-1.0%
1Y
1.1%