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U.S. Electric Utilities Industry Analysis

UpdatedDec 26, 2025
DataAggregated Company Financials
Companies31
  • 7D1.3%
  • 3M0.2%
  • 1Y15.4%
  • YTD15.3%

Over the last 7 days, the Electric Utilities industry has risen 1.3%, driven by gains from Constellation Energy of 2.4%. This takes the industry's 12 month performance to a gain of 15%. 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, 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
Fri, 10 Mar 2023US$675.8bUS$314.2bUS$29.6b18.8x22.8x2.2x
Sun, 05 Feb 2023US$697.7bUS$322.3bUS$31.9b18.9x21.9x2.2x
Tue, 03 Jan 2023US$732.2bUS$320.5bUS$31.5b19.4x23.2x2.3x
Price to Earnings Ratio

23.2x


Total Market Cap: US$732.2bTotal Earnings: US$31.5bTotal Revenue: US$320.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electric Utilities Industry Price to Earnings3Y Average 21.8x20242025
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 2.4x 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 11% 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 Market1.34%
Utilities1.25%
Electric Utilities1.32%
Electric Utilities1.32%
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$363.952.4%
+US$2.7b		60.7%PE41.5x
SO SouthernUS$87.172.2%
+US$2.1b		4.8%PE21.5x
NEE NextEra EnergyUS$80.451.1%
+US$1.9b		11.6%PE25.8x
DUK Duke EnergyUS$117.481.7%
+US$1.5b		8.4%PE18.6x
XEL Xcel EnergyUS$74.092.0%
+US$840.0m		8.7%PE22.9x

Latest News

EXC
US$43.52
Exelon
7D
-0.3%
1Y
16.3%

EXC: Future Earnings Will Reflect Pennsylvania Upside And Defensible Wires Only Positioning

Exelon’s analyst price target has edged down by $0.50 to $49.25, as analysts balance improving long term rate base driven earnings prospects and favorable regulatory jurisdictions with mixed sentiment on valuation, relative defensiveness, and the timing of Pennsylvania upside. Analyst Commentary Analyst views on Exelon remain divided, with recent target changes and initiations reflecting both confidence in the company’s long term growth profile and concern over valuation and near term positioning.
CEG
US$363.95
Constellation Energy
7D
2.4%
1Y
60.7%

CEG Will Balance Nuclear Momentum And Data Center Power Demand Opportunities

Constellation Energy's analyst fair value estimate has been raised sharply from $238.32 to $342.23 as analysts cite strengthening nuclear momentum, improving revenue growth and profit margins, and the company’s positioning to benefit from rising power demand and data center related deals. Analyst Commentary Recent Street research on Constellation Energy shows a notable series of upward price target revisions alongside a shift in stance from some previously neutral voices.
OKLO
US$81.31
Oklo
7D
-2.3%
1Y
256.9%
NRG
US$160.56
NRG Energy
7D
2.8%
1Y
74.6%

NRG: Expanding Data Center Power Deals Will Drive Future Free Cash Flow Upside

Analysts have modestly trimmed their blended fair value estimate for NRG Energy to approximately $201.58 from about $208.14 per share, citing improving revenue growth expectations, slightly lower projected profit margins, and a recalibration of valuation multiples amid rising price targets across the independent power producer peer group. Analyst Commentary Recent Street research highlights a broadly constructive stance on NRG Energy, with multiple price target increases and a new positive initiation reinforcing confidence in the company’s valuation and cash flow outlook.
XEL
US$74.09
Xcel Energy
7D
2.0%
1Y
8.7%
POR
US$47.70
Portland General Electric
7D
-0.04%
1Y
9.6%

POR: Future Regulatory Ruling And Sector Tailwinds Will Guide Fairly Valued Shares

Analysts have modestly raised their price target on Portland General Electric to about $48.67 per share, up from roughly $45 to $47 previously, citing a lower perceived cost of capital and steady growth and margin expectations that are now better reflected in valuation. Analyst Commentary Street research on Portland General Electric reflects a balanced mix of optimism on earnings visibility and caution on near term valuation, with most targets now clustered in the mid to high $40s and one outlier at $51.
PPL
US$34.97
PPL
7D
2.0%
1Y
7.5%

PPL: Future Returns Will Be Driven By Expanding Data Center Interconnection Demand

The Analyst Price Target for PPL has been trimmed slightly, with our fair value estimate easing about $0.60 to $39.87 as analysts factor in modestly higher long term revenue growth and still solid, though slightly softer, margin and valuation assumptions. Analyst Commentary Street research on PPL over the past several months reflects an overall constructive stance, with the stock consistently rated favorably even as price targets have moved within a relatively narrow band.
ETR
US$92.67
Entergy
7D
1.3%
1Y
22.3%

ETR: New Large-Load Deals And Dividend Increases Will Support Premium Position

The analyst price target for Entergy has edged higher to approximately $104, up modestly from about $103.60. Analysts point to the companys sector leading earnings growth trajectory and continued momentum from new customer deals and investment opportunities as support for a premium valuation.
MGEE
US$78.66
MGE Energy
7D
-0.2%
1Y
-17.3%

At US$80.19, Is It Time To Put MGE Energy, Inc. (NASDAQ:MGEE) On Your Watch List?

Dec 15
At US$80.19, Is It Time To Put MGE Energy, Inc. (NASDAQ:MGEE) On Your Watch List?
NEE
US$80.45
NextEra Energy
7D
1.1%
1Y
11.6%

NEE: Duane Arnold Nuclear Restart Will Drive Long Term AI Power Demand

Analysts have nudged their average price target on NextEra Energy slightly higher to approximately $91.14, reflecting continued confidence in the company’s above market revenue growth and resilient margins, despite mixed individual target revisions across the Street. Analyst Commentary Recent research updates on NextEra Energy highlight a generally constructive backdrop, with multiple upward price target revisions offset by a few modest trims.
DUK
US$117.48
Duke Energy
7D
1.7%
1Y
8.4%

DUK: Southeast Data Center Demand Will Drive Long Term Earnings Upside

Analysts modestly trimmed their fair value estimate for Duke Energy to approximately $136 per share from about $137, citing slightly lower long term profitability assumptions. At the same time, sector wide enthusiasm around regulated utilities and data center driven load growth supports a higher range of Street price targets clustered around $135 to $143.
GNE
US$13.86
Genie Energy
7D
-1.7%
1Y
-10.0%

GNE: Share Repurchases Will Drive Future Upside Despite Slower Customer Additions

Analysts have nudged their price target on Genie Energy modestly higher to 16.00 dollars. This reflects slightly refined assumptions around discount rates, revenue growth, profit margins, and future valuation multiples, while maintaining their broadly stable outlook on the company.
SO
US$87.17
Southern
7D
2.2%
1Y
4.8%

SO: Composite Equity Units Offering Will Support Future Shareholder Value Upside

Analysts have modestly lowered their price target on Southern by approximately $0.10 to reflect a slightly higher discount rate and marginally less favorable long term valuation assumptions, while leaving core growth and profitability expectations essentially unchanged. What's in the News Southern has completed a $1.75 billion composite equity units offering, issuing 35 million equity derivative units priced at $50 per unit, with a $0.875 discount per security (Key Developments).