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U.S. Electric Utilities Industry Analysis

UpdatedApr 05, 2026
DataAggregated Company Financials
Companies30
  • 7D1.1%
  • 3M7.0%
  • 1Y26.6%
  • YTD6.2%

The Electric Utilities industry is up 1.1% in the last week, with NextEra Energy up 1.9%. During this same period, the Constellation Energy underperformed, falling 9.5%. In the last 12 months, the industry was up 27%. 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
Sun, 05 Apr 2026US$1.0tUS$332.6bUS$44.2b21.9x22.9x3x
Tue, 03 Mar 2026US$1.0tUS$333.0bUS$44.3b22.7x23.6x3.1x
Thu, 29 Jan 2026US$941.7bUS$325.8bUS$43.9b20.8x21.5x2.9x
Sat, 27 Dec 2025US$918.8bUS$324.7bUS$43.5b19.6x21.1x2.8x
Mon, 24 Nov 2025US$939.0bUS$326.2bUS$43.7b20.6x21.5x2.9x
Wed, 22 Oct 2025US$985.2bUS$320.7bUS$40.7b21.4x24.2x3.1x
Fri, 19 Sep 2025US$880.9bUS$320.7bUS$40.7b20x21.6x2.7x
Sun, 17 Aug 2025US$895.3bUS$320.7bUS$40.7b20.3x22x2.8x
Tue, 15 Jul 2025US$862.2bUS$316.4bUS$38.5b21x22.4x2.7x
Thu, 12 Jun 2025US$843.0bUS$316.4bUS$38.5b20.6x21.9x2.7x
Sat, 10 May 2025US$836.2bUS$315.3bUS$38.3b20.9x21.8x2.7x
Mon, 07 Apr 2025US$780.2bUS$309.3bUS$38.1b19.9x20.5x2.5x
Wed, 05 Mar 2025US$828.8bUS$309.3bUS$37.6b20.6x22.1x2.7x
Fri, 31 Jan 2025US$800.6bUS$308.9bUS$35.7b20.4x22.4x2.6x
Sun, 29 Dec 2024US$790.7bUS$310.4bUS$35.8b20.7x22.1x2.5x
Tue, 26 Nov 2024US$851.3bUS$319.1bUS$37.4b20.8x22.8x2.7x
Thu, 24 Oct 2024US$866.8bUS$316.9bUS$36.7b20.2x23.6x2.7x
Sat, 21 Sep 2024US$829.2bUS$316.7bUS$36.6b19.9x22.7x2.6x
Mon, 19 Aug 2024US$797.7bUS$316.7bUS$36.6b19.3x21.8x2.5x
Wed, 17 Jul 2024US$744.0bUS$313.6bUS$38.5b18.1x19.3x2.4x
Fri, 14 Jun 2024US$745.1bUS$314.0bUS$38.5b16.9x19.3x2.4x
Sun, 12 May 2024US$756.8bUS$314.0bUS$38.5b17.7x19.6x2.4x
Tue, 09 Apr 2024US$695.6bUS$316.8bUS$34.9b18x19.9x2.2x
Thu, 07 Mar 2024US$653.6bUS$316.8bUS$35.0b15.9x18.7x2.1x
Sat, 03 Feb 2024US$651.8bUS$322.5bUS$31.5b18.2x20.7x2x
Mon, 01 Jan 2024US$670.2bUS$322.4bUS$31.8b19x21.1x2.1x
Wed, 29 Nov 2023US$653.8bUS$322.4bUS$31.8b18.6x20.6x2x
Fri, 27 Oct 2023US$627.5bUS$325.6bUS$30.0b18.4x20.9x1.9x
Sun, 24 Sep 2023US$667.5bUS$325.0bUS$30.5b18.9x21.9x2.1x
Tue, 22 Aug 2023US$662.4bUS$325.0bUS$30.5b18.6x21.7x2x
Thu, 20 Jul 2023US$695.1bUS$325.6bUS$28.9b18.8x24x2.1x
Sat, 17 Jun 2023US$702.6bUS$325.6bUS$28.9b19.1x24.3x2.2x
Mon, 15 May 2023US$718.7bUS$323.5bUS$28.9b19.8x24.8x2.2x
Wed, 12 Apr 2023US$725.3bUS$314.2bUS$29.7b20.2x24.5x2.3x
Price to Earnings Ratio

24.5x


Total Market Cap: US$725.3bTotal Earnings: US$29.7bTotal Revenue: US$314.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electric Utilities Industry Price to Earnings3Y Average 21.8x202420252026
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 21.8x.
  • The 3-year average PS ratio of 2.5x is lower than the industry's current PS ratio of 3.0x.
Past Earnings Growth
  • The earnings for companies in the Electric Utilities industry have grown 14% 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 Market3.46%
Utilities1.59%
Electric Utilities1.14%
Electric Utilities1.14%
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$93.151.9%
+US$3.8b		39.2%PE28.4x
ETR EntergyUS$114.904.6%
+US$2.3b		45.4%PE29.9x
SO SouthernUS$97.452.0%
+US$2.1b		9.6%PE25.1x
DUK Duke EnergyUS$132.221.7%
+US$1.7b		11.2%PE21x
XEL Xcel EnergyUS$80.743.4%
+US$1.7b		18.9%PE25x

Latest News

NEE
US$93.15
NextEra Energy
7D
1.9%
1Y
39.2%
XEL
US$80.74
Xcel Energy
7D
3.4%
1Y
18.9%
OKLO
US$48.13
Oklo
7D
-4.2%
1Y
143.1%

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AEP
US$132.68
American Electric Power Company
7D
2.0%
1Y
27.0%
ETR
US$114.90
Entergy
7D
4.6%
1Y
45.4%
CEG
US$272.82
Constellation Energy
7D
-9.5%
1Y
59.6%

CEG: PJM Contracting Acceleration Through 2026 Will Drive Bullish Outlook

Analysts now set a revised fair value estimate of $330.00 for Constellation Energy, up from $296.83. This reflects updated views on longer term earnings power, slightly higher assumed profit margins, and a richer future P/E multiple, despite more cautious revenue growth assumptions and a recent mix of target cuts and reaffirmed optimism across Street research.
EIX
US$73.46
Edison International
7D
4.5%
1Y
34.2%
PCG
US$17.77
PG&E
7D
3.5%
1Y
8.1%

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

PG&E's analyst price targets have edged higher, with the average fair value estimate moving from $22.40 to about $22.53 as analysts factor in updated views on wildfire policy, affordability, and potential changes to utility liability in California. Analyst Commentary Recent research shows a mix of optimism and caution around PG&E, with several firms adjusting ratings and targets as they reassess wildfire policy, affordability, and California utility regulation.
DUK
US$132.22
Duke Energy
7D
1.7%
1Y
11.2%
SO
US$97.45
Southern
7D
2.0%
1Y
9.6%