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U.S. Electric Utilities Industry Analysis

UpdatedMay 23, 2026
DataAggregated Company Financials
Companies31
  • 7D2.7%
  • 3M-2.1%
  • 1Y13.3%
  • YTD3.8%

The Electric Utilities industry is up 2.7% in the last week, with Constellation Energy up 10%. Meanwhile, NextEra Energy actually underperformed within the industry, shrinking 5.2% in the last week. This takes the industry's 12 month performance to a gain of 13%. As for the next few years, earnings are expected to grow by 11% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 23 May 2026US$985.5bUS$355.4bUS$47.4b21.9x20.8x2.8x
Mon, 20 Apr 2026US$1.0tUS$332.6bUS$44.2b22.2x23x3.1x
Wed, 18 Mar 2026US$1.0tUS$332.6bUS$44.3b21.7x23.2x3.1x
Fri, 13 Feb 2026US$964.7bUS$327.2bUS$44.0b21.9x21.9x2.9x
Sun, 11 Jan 2026US$931.0bUS$324.7bUS$43.5b20.1x21.4x2.9x
Tue, 09 Dec 2025US$929.2bUS$326.2bUS$43.7b19.9x21.3x2.8x
Thu, 06 Nov 2025US$958.0bUS$324.9bUS$42.1b21.4x22.7x2.9x
Sat, 04 Oct 2025US$936.5bUS$320.7bUS$40.7b21.1x23x2.9x
Mon, 01 Sep 2025US$880.4bUS$320.7bUS$40.7b20.2x21.6x2.7x
Wed, 30 Jul 2025US$872.6bUS$317.1bUS$38.9b21.8x22.4x2.8x
Fri, 27 Jun 2025US$841.5bUS$316.4bUS$38.5b20.4x21.8x2.7x
Sun, 25 May 2025US$846.5bUS$316.4bUS$38.5b20.8x22x2.7x
Tue, 22 Apr 2025US$812.3bUS$309.3bUS$38.1b19.9x21.3x2.6x
Thu, 20 Mar 2025US$815.7bUS$309.3bUS$37.6b20.8x21.7x2.6x
Sat, 15 Feb 2025US$826.1bUS$309.5bUS$37.4b20.3x22.1x2.7x
Mon, 13 Jan 2025US$785.0bUS$285.5bUS$33.0b19.6x23.8x2.7x
Wed, 11 Dec 2024US$825.8bUS$319.1bUS$36.9b21x22.4x2.6x
Fri, 08 Nov 2024US$825.6bUS$319.4bUS$38.0b20.2x21.8x2.6x
Sun, 06 Oct 2024US$862.8bUS$316.7bUS$36.6b19.7x23.6x2.7x
Tue, 03 Sep 2024US$814.4bUS$316.7bUS$36.6b19.5x22.3x2.6x
Thu, 01 Aug 2024US$779.5bUS$314.3bUS$37.3b19.6x20.9x2.5x
Sat, 29 Jun 2024US$736.0bUS$313.6bUS$38.5b17.1x19.1x2.3x
Mon, 27 May 2024US$760.3bUS$314.0bUS$38.5b17.2x19.7x2.4x
Wed, 24 Apr 2024US$708.5bUS$316.8bUS$34.9b18.2x20.3x2.2x
Fri, 22 Mar 2024US$680.6bUS$316.8bUS$34.9b17.5x19.5x2.1x
Sun, 18 Feb 2024US$646.3bUS$320.9bUS$31.8b17.6x20.3x2x
Tue, 16 Jan 2024US$669.4bUS$322.4bUS$31.8b18.8x21.1x2.1x
Thu, 14 Dec 2023US$661.6bUS$322.4bUS$31.8b19.6x20.8x2.1x
Sat, 11 Nov 2023US$629.4bUS$322.4bUS$31.8b18.2x19.8x2x
Mon, 09 Oct 2023US$599.0bUS$325.0bUS$30.5b18x19.6x1.8x
Wed, 06 Sep 2023US$643.5bUS$325.0bUS$30.5b18.1x21.1x2x
Fri, 04 Aug 2023US$680.2bUS$325.9bUS$30.9b19.3x22x2.1x
Sun, 02 Jul 2023US$690.4bUS$325.6bUS$28.9b18.6x23.9x2.1x
Tue, 30 May 2023US$672.0bUS$323.5bUS$28.9b18.8x23.2x2.1x
Price to Earnings Ratio

23.2x


Total Market Cap: US$672.0bTotal Earnings: US$28.9bTotal Revenue: US$323.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electric Utilities Industry Price to Earnings3Y Average 21.7x202420252026
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 21.7x.
  • 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 18% per year over the last three years.
  • Revenues for these companies have grown 3.2% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the U.S. Utilities industry?

US Market1.01%
Utilities3.29%
Electric Utilities2.71%
Electric Utilities2.71%
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
CEG Constellation EnergyUS$294.0710.1%
+US$9.7b		-1.1%PE28x
DUK Duke EnergyUS$125.673.9%
+US$3.7b		7.9%PE19.4x
AEP American Electric Power CompanyUS$131.595.1%
+US$3.5b		27.9%PE19.6x
EXC ExelonUS$46.236.6%
+US$2.9b		5.9%PE17x
SO SouthernUS$94.552.2%
+US$2.3b		5.5%PE24.4x

Latest News

NEE
US$88.55
NextEra Energy
7D
-5.2%
1Y
30.7%
NRG
US$137.65
NRG Energy
7D
7.7%
1Y
-12.8%
AEP
US$131.59
American Electric Power Company
7D
5.1%
1Y
27.9%
XEL
US$81.08
Xcel Energy
7D
4.1%
1Y
16.3%
OTTR
US$87.35
Otter Tail
7D
-0.5%
1Y
14.7%
CEG
US$294.07
Constellation Energy
7D
10.1%
1Y
-1.1%
SO
US$94.55
Southern
7D
2.2%
1Y
5.5%
Seeking Alpha • May 22

Southern Company: Data Center Demand Is Becoming A Long-Term Growth Driver

Summary Southern Company is rated Buy with a $102 target, offering 9% upside as data center-driven electricity demand accelerates revenue growth. Q1 results exceeded expectations: revenue up 8% YoY, adjusted EPS up 7.3% YoY, with data centers boosting wholesale electric sales by 30%. SO's valuation remains attractive; multiples are at or below five-year averages, and the DCF model assumes a 4.61% revenue CAGR and rising margins through 2030. Balance sheet pressure persists from high net debt ($75B, Net Debt/EBITDA 5.17x), but dividends remain robust; key risks include regulatory changes and capex overruns. Read the full article on Seeking Alpha
ETR
US$112.40
Entergy
7D
3.1%
1Y
35.7%
EXC
US$46.23
Exelon
7D
6.6%
1Y
5.9%
DUK
US$125.67
Duke Energy
7D
3.9%
1Y
7.9%