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U.S. Electric Utilities Industry Analysis

UpdatedJun 15, 2026
DataAggregated Company Financials
Companies30
  • 7D2.1%
  • 3M-6.3%
  • 1Y10.2%
  • YTD0.9%

The Electric Utilities industry has stayed flat over the last week. The past year has been better, since the industry has gained 9.7% in that time. As for the next few years, earnings are expected to grow by 10% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 15 Jun 2026US$963.5bUS$344.7bUS$46.3b21.8x20.8x2.8x
Wed, 13 May 2026US$1.0tUS$344.7bUS$46.3b21.6x21.6x2.9x
Fri, 10 Apr 2026US$1.0tUS$332.6bUS$44.2b22.4x23.2x3.1x
Sun, 08 Mar 2026US$1.0tUS$332.6bUS$44.3b22x23.1x3.1x
Tue, 03 Feb 2026US$938.5bUS$325.8bUS$43.9b20.5x21.4x2.9x
Thu, 01 Jan 2026US$918.4bUS$324.7bUS$43.5b19.5x21.1x2.8x
Sat, 29 Nov 2025US$968.1bUS$326.2bUS$43.7b21x22.1x3x
Mon, 27 Oct 2025US$982.0bUS$321.4bUS$41.0b21.3x24x3.1x
Wed, 24 Sep 2025US$903.3bUS$320.7bUS$40.7b20.2x22.2x2.8x
Fri, 22 Aug 2025US$900.7bUS$320.7bUS$40.7b20.4x22.1x2.8x
Sun, 20 Jul 2025US$876.0bUS$316.4bUS$38.5b21.3x22.7x2.8x
Tue, 17 Jun 2025US$849.3bUS$316.4bUS$38.5b20.3x22x2.7x
Thu, 15 May 2025US$836.5bUS$316.4bUS$38.5b20.4x21.7x2.6x
Sat, 12 Apr 2025US$790.7bUS$309.3bUS$38.1b20x20.8x2.6x
Mon, 10 Mar 2025US$806.8bUS$309.3bUS$37.6b20.1x21.5x2.6x
Wed, 05 Feb 2025US$814.0bUS$308.9bUS$35.7b20.6x22.8x2.6x
Fri, 03 Jan 2025US$786.5bUS$310.4bUS$35.8b20.5x22x2.5x
Sun, 01 Dec 2024US$869.3bUS$319.1bUS$36.9b21.5x23.6x2.7x
Tue, 29 Oct 2024US$855.9bUS$317.4bUS$37.4b19.9x22.9x2.7x
Thu, 26 Sep 2024US$853.6bUS$316.7bUS$36.6b19.9x23.3x2.7x
Sat, 24 Aug 2024US$801.8bUS$316.7bUS$36.6b19.3x21.9x2.5x
Mon, 22 Jul 2024US$751.0bUS$313.6bUS$38.5b18.2x19.5x2.4x
Wed, 19 Jun 2024US$734.8bUS$313.6bUS$38.5b17.1x19.1x2.3x
Fri, 17 May 2024US$773.3bUS$314.0bUS$38.5b17.9x20.1x2.5x
Sun, 14 Apr 2024US$690.7bUS$316.8bUS$34.9b17.5x19.8x2.2x
Tue, 12 Mar 2024US$670.4bUS$316.8bUS$34.9b17.7x19.2x2.1x
Thu, 08 Feb 2024US$639.4bUS$322.3bUS$31.4b17.9x20.4x2x
Sat, 06 Jan 2024US$679.7bUS$322.4bUS$31.8b19.4x21.4x2.1x
Mon, 04 Dec 2023US$661.7bUS$322.4bUS$31.8b18.9x20.8x2.1x
Wed, 01 Nov 2023US$629.3bUS$325.5bUS$29.9b18.6x21.1x1.9x
Fri, 29 Sep 2023US$618.3bUS$325.0bUS$30.5b17.9x20.3x1.9x
Sun, 27 Aug 2023US$663.4bUS$325.0bUS$30.5b18.9x21.8x2x
Tue, 25 Jul 2023US$716.9bUS$325.6bUS$28.9b19.4x24.8x2.2x
Thu, 22 Jun 2023US$699.4bUS$325.6bUS$28.9b19x24.2x2.1x
Price to Earnings Ratio

24.2x


Total Market Cap: US$699.4bTotal 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 Market0.50%
Utilities2.02%
Electric Utilities2.11%
Electric Utilities2.11%
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$85.992.4%
+US$4.1b		16.5%PE21.9x
SO SouthernUS$94.003.0%
+US$3.1b		5.7%PE24.3x
DUK Duke EnergyUS$124.972.4%
+US$2.3b		8.3%PE19.2x
EXC ExelonUS$46.213.1%
+US$1.4b		8.3%PE17x
ETR EntergyUS$111.112.8%
+US$1.4b		35.9%PE28.5x

Latest News

PCG
US$16.95
PG&E
7D
2.9%
1Y
24.6%
EXC
US$46.21
Exelon
7D
3.1%
1Y
8.3%
CEG
US$253.76
Constellation Energy
7D
1.2%
1Y
-17.6%
Narrative Update • Jun 12

CEG: AI Power Demand And Calpine Deal Will Support Future Upside

Analysts have trimmed their fair value estimate for Constellation Energy by about $9.57 to roughly $431.43, reflecting a series of recent price target reductions across the Street as they adjust assumptions for revenue growth, profit margins, and future P/E ratios. Analyst Commentary Recent Street research on Constellation Energy has featured a cluster of price target cuts, but the overall tone has not been uniformly cautious.
ETR
US$111.11
Entergy
7D
2.8%
1Y
35.9%
NRG
US$125.47
NRG Energy
7D
-1.8%
1Y
-18.5%
NEE
US$85.99
NextEra Energy
7D
2.4%
1Y
16.5%
OKLO
US$57.49
Oklo
7D
-2.5%
1Y
-12.2%
SO
US$94.00
Southern
7D
3.0%
1Y
5.7%
GNE
US$14.09
Genie Energy
7D
-0.07%
1Y
-44.6%
Narrative Update • Jun 09

GNE: Persistent Filing Delays Will Coexist With Steady Fundamentals And Undervalued Potential

Genie Energy's analyst price target remains unchanged at $16.00. Analysts point to stable assumptions around discount rate, revenue trends, profit margin and future P/E as the basis for keeping their valuation steady.
DUK
US$124.97
Duke Energy
7D
2.4%
1Y
8.3%
HE
US$13.38
Hawaiian Electric Industries
7D
-0.5%
1Y
29.2%
Narrative Update • Jun 07

HE: Settlement Progress And Insurance Funding Will Gradually Pressure Earnings Multiple

Analysts have maintained their $13.50 price target for Hawaiian Electric Industries, citing updated assumptions for the discount rate, revenue growth, profit margin, and future P/E that they view as more closely aligned with the company’s current risk and earnings profile. What's in the News Hawaiian Electric Industries and Hawaiian Electric Company entered into a Derivative Settlement Agreement to resolve previously disclosed stockholder derivative actions in federal and state courts, with a proposed payment of US$100 million funded by the company’s insurers.
TXNM
US$57.06
TXNM Energy
7D
-1.8%
1Y
0.9%
AEP
US$129.23
American Electric Power Company
7D
1.9%
1Y
26.8%
Narrative Update • Jun 05

AEP: Data Center Driven Capital Plan And PJM Tensions Will Shape Returns

Analysts now see slightly higher long term value for American Electric Power, with the modeled fair value edging up from about $144.29 to $144.52. This reflects updated assumptions around data center driven revenue growth, modest adjustments to profit margin expectations, and a small reset in future P/E targets amid mixed but generally constructive price target revisions across the Street.