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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%

Over the last 7 days, the Electric Utilities industry has risen 3.5%, driven by gains from NextEra Energy of 3.0%. Meanwhile, Constellation Energy actually underperformed within the industry, shrinking 5.9% in the last week. This takes the industry's 12 month performance to a gain of 14%. 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
Tue, 30 Jun 2026US$1.0tUS$344.7bUS$46.3b22.6x21.6x2.9x
Thu, 28 May 2026US$991.5bUS$355.4bUS$47.4b21.7x20.9x2.8x
Sat, 25 Apr 2026US$1.0tUS$334.0bUS$45.8b21.8x22.4x3.1x
Mon, 23 Mar 2026US$972.6bUS$332.6bUS$44.2b20.7x22x2.9x
Wed, 18 Feb 2026US$1.0tUS$328.4bUS$44.2b22.2x22.8x3.1x
Fri, 16 Jan 2026US$943.4bUS$324.7bUS$43.5b20.8x21.7x2.9x
Sun, 14 Dec 2025US$915.1bUS$326.2bUS$43.7b20x20.9x2.8x
Tue, 11 Nov 2025US$961.3bUS$326.2bUS$43.7b20.8x22x2.9x
Thu, 09 Oct 2025US$964.0bUS$320.7bUS$40.7b21.3x23.7x3x
Sat, 06 Sep 2025US$873.6bUS$320.7bUS$40.7b20x21.5x2.7x
Mon, 04 Aug 2025US$893.6bUS$319.2bUS$40.1b20.8x22.3x2.8x
Wed, 02 Jul 2025US$850.5bUS$316.4bUS$38.5b20.5x22.1x2.7x
Fri, 30 May 2025US$842.0bUS$316.4bUS$38.5b21x21.8x2.7x
Sun, 27 Apr 2025US$814.9bUS$310.6bUS$36.6b20.5x22.3x2.6x
Tue, 25 Mar 2025US$816.3bUS$309.3bUS$37.6b20.7x21.7x2.6x
Thu, 20 Feb 2025US$820.9bUS$309.1bUS$38.2b20.6x21.5x2.7x
Sat, 18 Jan 2025US$815.5bUS$310.4bUS$35.8b20.4x22.8x2.6x
Mon, 16 Dec 2024US$812.9bUS$319.1bUS$36.9b20.8x22x2.5x
Wed, 13 Nov 2024US$837.0bUS$319.1bUS$36.9b20.9x22.7x2.6x
Fri, 11 Oct 2024US$836.8bUS$316.7bUS$36.6b19.4x22.9x2.6x
Sun, 08 Sep 2024US$811.5bUS$316.7bUS$36.6b19.7x22.2x2.6x
Tue, 06 Aug 2024US$797.2bUS$315.7bUS$37.9b19.4x21.1x2.5x
Thu, 04 Jul 2024US$730.4bUS$313.6bUS$38.5b17x19x2.3x
Sat, 01 Jun 2024US$759.1bUS$314.0bUS$38.5b17.6x19.7x2.4x
Mon, 29 Apr 2024US$705.4bUS$315.0bUS$35.2b18x20x2.2x
Wed, 27 Mar 2024US$684.3bUS$316.8bUS$34.9b17.5x19.6x2.2x
Fri, 23 Feb 2024US$654.1bUS$321.6bUS$32.2b17.3x20.3x2x
Sun, 21 Jan 2024US$645.0bUS$322.4bUS$31.8b18.1x20.3x2x
Tue, 19 Dec 2023US$670.8bUS$322.4bUS$31.8b18.9x21.1x2.1x
Thu, 16 Nov 2023US$648.1bUS$322.4bUS$31.8b18.3x20.4x2x
Sat, 14 Oct 2023US$622.5bUS$325.0bUS$30.5b18.6x20.4x1.9x
Mon, 11 Sep 2023US$659.2bUS$325.0bUS$30.5b18.7x21.6x2x
Wed, 09 Aug 2023US$676.2bUS$325.2bUS$30.5b19x22.2x2.1x
Fri, 07 Jul 2023US$692.4bUS$325.6bUS$28.9b18.7x23.9x2.1x
Price to Earnings Ratio

23.9x


Total Market Cap: US$692.4bTotal 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 2.9x.
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

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

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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%