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U.S. Electric Utilities Industry Analysis

UpdatedJun 30, 2026
DataAggregated Company Financials
Companies30
  • 7D2.6%
  • 3M-0.8%
  • 1Y13.1%
  • YTD4.6%

The Electric Utilities industry is up 2.6% in the last week, with NextEra Energy up 3.0%. During this same period, the Constellation Energy underperformed, falling 5.9%. In the last 12 months, the industry was up 13%. 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, 01 Jul 2026US$1.0tUS$344.7bUS$46.3b22.6x21.6x2.9x
Fri, 29 May 2026US$985.9bUS$355.3bUS$47.3b21.3x20.8x2.8x
Sun, 26 Apr 2026US$1.0tUS$334.0bUS$45.8b21.8x22.3x3.1x
Tue, 24 Mar 2026US$972.6bUS$332.6bUS$44.2b20.9x22x2.9x
Thu, 19 Feb 2026US$1.0tUS$328.4bUS$44.2b21.8x22.7x3.1x
Sat, 17 Jan 2026US$947.8bUS$324.7bUS$43.5b20.9x21.8x2.9x
Mon, 15 Dec 2025US$915.1bUS$326.2bUS$43.7b20x20.9x2.8x
Wed, 12 Nov 2025US$961.7bUS$326.2bUS$43.7b20.9x22x2.9x
Fri, 10 Oct 2025US$971.7bUS$320.7bUS$40.7b21.1x23.9x3x
Sun, 07 Sep 2025US$873.6bUS$320.7bUS$40.7b20x21.5x2.7x
Tue, 05 Aug 2025US$895.2bUS$319.5bUS$40.1b21x22.3x2.8x
Thu, 03 Jul 2025US$857.8bUS$316.4bUS$38.5b20.5x22.3x2.7x
Sat, 31 May 2025US$848.5bUS$316.4bUS$38.5b21.2x22x2.7x
Mon, 28 Apr 2025US$814.9bUS$310.6bUS$36.6b20.5x22.3x2.6x
Wed, 26 Mar 2025US$815.7bUS$309.3bUS$38.1b20.3x21.4x2.6x
Fri, 21 Feb 2025US$832.7bUS$309.6bUS$37.3b20.8x22.3x2.7x
Sun, 19 Jan 2025US$816.0bUS$310.4bUS$35.8b20.4x22.8x2.6x
Tue, 17 Dec 2024US$812.9bUS$319.1bUS$36.9b20.7x22x2.5x
Thu, 14 Nov 2024US$827.1bUS$319.1bUS$36.9b20.8x22.4x2.6x
Sat, 12 Oct 2024US$835.8bUS$316.7bUS$36.6b19.6x22.8x2.6x
Mon, 09 Sep 2024US$811.5bUS$316.7bUS$36.6b19.7x22.2x2.6x
Wed, 07 Aug 2024US$777.0bUS$315.7bUS$37.9b19.6x20.5x2.5x
Fri, 05 Jul 2024US$730.4bUS$313.6bUS$38.5b17x19x2.3x
Sun, 02 Jun 2024US$773.1bUS$314.0bUS$38.5b17.6x20.1x2.5x
Tue, 30 Apr 2024US$705.4bUS$315.0bUS$35.2b18.2x20x2.2x
Thu, 28 Mar 2024US$693.5bUS$316.8bUS$34.9b17.9x19.8x2.2x
Sat, 24 Feb 2024US$654.1bUS$322.9bUS$32.6b17.1x20.1x2x
Mon, 22 Jan 2024US$644.5bUS$322.4bUS$31.8b18.1x20.3x2x
Wed, 20 Dec 2023US$672.7bUS$322.4bUS$31.8b19.1x21.2x2.1x
Fri, 17 Nov 2023US$648.5bUS$322.4bUS$31.8b18.4x20.4x2x
Sun, 15 Oct 2023US$622.5bUS$325.0bUS$30.5b18.6x20.4x1.9x
Tue, 12 Sep 2023US$661.9bUS$325.0bUS$30.5b18.8x21.7x2x
Thu, 10 Aug 2023US$677.6bUS$325.2bUS$30.5b19.1x22.2x2.1x
Sat, 08 Jul 2023US$686.5bUS$325.6bUS$28.9b18.7x23.7x2.1x
Price to Earnings Ratio

23.7x


Total Market Cap: US$686.5bTotal 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 2.9x.
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 Market0.31%
Utilities2.33%
Electric Utilities2.62%
Electric Utilities2.62%
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$88.663.0%
+US$5.4b		27.7%PE22.6x
AEP American Electric Power CompanyUS$137.975.9%
+US$4.2b		33.0%PE20.5x
DUK Duke EnergyUS$128.333.9%
+US$3.7b		8.8%PE19.8x
SO SouthernUS$96.753.6%
+US$3.7b		5.4%PE25x
NRG NRG EnergyUS$149.117.3%
+US$2.2b		-7.1%PE182.9x

Latest News

OKLO
US$52.76
Oklo
7D
-9.7%
1Y
-5.8%
CEG
US$259.32
Constellation Energy
7D
-5.9%
1Y
-19.7%
DUK
US$128.33
Duke Energy
7D
3.9%
1Y
8.8%
Seeking Alpha • Jun 28

Duke Energy: Grabbing A 6% Yield With The Baby Bonds

Summary Duke Energy maintains strong financials, supporting confidence in its ability to meet fixed income obligations. DUK's Q1 revenue grew over 10% YoY, with net profit at $1.54B, aided by a $652M asset sale gain. The 5.725% junior subordinated debentures (DUKB) offer a 6.01% yield, superior risk/reward vs. DUK preferred shares. I maintain a "buy" on both DUK baby bonds and preferreds, favoring baby bonds for higher yield and lower risk. Read the full article on Seeking Alpha
SO
US$96.75
Southern
7D
3.6%
1Y
5.4%
NEE
US$88.66
NextEra Energy
7D
3.0%
1Y
27.7%
AEP
US$137.97
American Electric Power Company
7D
5.9%
1Y
33.0%
NRG
US$149.11
NRG Energy
7D
7.3%
1Y
-7.1%
ETR
US$116.33
Entergy
7D
3.7%
1Y
40.0%
ES
US$73.77
Eversource Energy
7D
5.2%
1Y
16.0%
XEL
US$81.98
Xcel Energy
7D
4.0%
1Y
20.4%
TXNM
US$56.91
TXNM Energy
7D
-0.8%
1Y
1.0%