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U.S. Electric Utilities Industry Analysis

UpdatedDec 22, 2025
DataAggregated Company Financials
Companies31
  • 7D-1.3%
  • 3M0.02%
  • 1Y13.9%
  • YTD13.8%

Over the last 7 days, the Electric Utilities industry has dropped 1.3%, driven by NextEra Energy declining 2.6%. This takes the industry's 12 month performance to a gain of 14%. 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
Tue, 23 Dec 2025US$906.6bUS$324.7bUS$43.5b19.4x20.8x2.8x
Thu, 20 Nov 2025US$954.7bUS$326.2bUS$43.7b20.5x21.8x2.9x
Sat, 18 Oct 2025US$990.4bUS$320.7bUS$40.7b21.3x24.3x3.1x
Mon, 15 Sep 2025US$890.1bUS$320.7bUS$40.7b20x21.9x2.8x
Wed, 13 Aug 2025US$900.2bUS$320.7bUS$41.2b20.7x21.9x2.8x
Fri, 11 Jul 2025US$855.7bUS$316.4bUS$38.5b20.8x22.2x2.7x
Sun, 08 Jun 2025US$845.0bUS$316.4bUS$38.5b20.6x21.9x2.7x
Tue, 06 May 2025US$830.6bUS$313.4bUS$39.0b21.1x21.3x2.7x
Thu, 03 Apr 2025US$825.0bUS$309.3bUS$38.1b21x21.7x2.7x
Sat, 01 Mar 2025US$815.7bUS$309.9bUS$37.6b20.8x21.7x2.6x
Mon, 27 Jan 2025US$829.4bUS$308.9bUS$35.7b20.3x23.2x2.7x
Wed, 25 Dec 2024US$795.0bUS$310.4bUS$35.8b20.8x22.2x2.6x
Fri, 22 Nov 2024US$843.6bUS$319.1bUS$37.4b21.2x22.6x2.6x
Sun, 20 Oct 2024US$871.2bUS$316.7bUS$36.6b20.2x23.8x2.8x
Tue, 17 Sep 2024US$837.1bUS$316.7bUS$36.6b20.2x22.9x2.6x
Thu, 15 Aug 2024US$795.5bUS$316.7bUS$37.1b19.4x21.4x2.5x
Sat, 13 Jul 2024US$755.4bUS$313.6bUS$38.5b17.8x19.6x2.4x
Mon, 10 Jun 2024US$744.0bUS$314.0bUS$38.5b16.9x19.3x2.4x
Wed, 08 May 2024US$741.0bUS$315.6bUS$37.8b17.3x19.6x2.3x
Fri, 05 Apr 2024US$690.6bUS$316.8bUS$34.9b17.8x19.8x2.2x
Sun, 03 Mar 2024US$650.8bUS$318.9bUS$35.0b15.8x18.6x2x
Tue, 30 Jan 2024US$650.0bUS$322.5bUS$31.5b18.2x20.7x2x
Thu, 28 Dec 2023US$667.2bUS$322.4bUS$31.8b18.8x21x2.1x
Sat, 25 Nov 2023US$652.5bUS$322.4bUS$31.8b18.4x20.5x2x
Mon, 23 Oct 2023US$608.9bUS$325.0bUS$30.5b18.1x20x1.9x
Wed, 20 Sep 2023US$674.1bUS$325.0bUS$30.5b19.1x22.1x2.1x
Fri, 18 Aug 2023US$663.5bUS$325.0bUS$30.5b18.8x21.8x2x
Sun, 16 Jul 2023US$701.9bUS$325.6bUS$28.9b18.9x24.3x2.2x
Tue, 13 Jun 2023US$687.5bUS$323.5bUS$28.9b19.3x23.8x2.1x
Thu, 11 May 2023US$722.3bUS$323.5bUS$28.9b19.9x25x2.2x
Sat, 08 Apr 2023US$727.0bUS$314.2bUS$29.7b20.2x24.5x2.3x
Mon, 06 Mar 2023US$682.3bUS$314.2bUS$29.6b19.1x23x2.2x
Wed, 01 Feb 2023US$706.8bUS$322.3bUS$31.9b19.4x22.2x2.2x
Fri, 30 Dec 2022US$738.9bUS$320.5bUS$31.5b19.5x23.5x2.3x
Price to Earnings Ratio

23.5x


Total Market Cap: US$738.9bTotal 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 21.8x202320242025
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 Market0.26%
Utilities-1.36%
Electric Utilities-1.26%
Electric Utilities-1.26%
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
PCG PG&EUS$15.984.0%
+US$1.4b		-20.1%PE13.5x
EIX Edison InternationalUS$60.632.6%
+US$592.6m		-23.9%PE7.9x
PPL PPLUS$34.681.2%
+US$310.7m		7.0%PE23.5x
CEG Constellation EnergyUS$357.810.2%
+US$209.2m		56.7%PE40.8x
OKLO OkloUS$83.441.3%
+US$173.4m		278.9%PB10.8x

Latest News

OKLO
US$83.44
Oklo
7D
1.3%
1Y
278.9%
AEP
US$114.62
American Electric Power Company
7D
-1.0%
1Y
23.4%

AEP: Data Center Load And Massive Capex Plan Will Drive Future Upside

Analysts have nudged their price target on American Electric Power Company modestly higher, citing a series of recent target increases across the Street. These moves reflect expectations for stronger rate base and earnings growth supported by robust data center driven demand and a sizable, multi year capital plan.
TXNM
US$58.93
TXNM Energy
7D
0.08%
1Y
22.2%
NRG
US$156.96
NRG Energy
7D
-1.9%
1Y
70.2%

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$73.85
Xcel Energy
7D
-2.5%
1Y
9.1%
EVRG
US$72.43
Evergy
7D
-2.3%
1Y
18.1%

EVRG: Upcoming Regulatory Outcomes Will Drive Renewed Earnings Momentum Through 2029

Analysts have modestly lifted their consolidated price target on Evergy by a mid single digit dollar amount to reflect improving profit margin expectations, successful regulatory outcomes, and solid earnings growth prospects. This comes even as slightly lower long term revenue growth assumptions and a marginally reduced fair value temper the overall upside.
IDA
US$126.58
IDACORP
7D
0.09%
1Y
14.9%

IDA: Sector Tailwinds And Capex Discipline Will Support Future Earnings And Dividends

Analysts have nudged their fair value estimate for IDACORP slightly lower, from $141.00 to $140.50, as they balance a more modest long term revenue growth outlook with resilient margins and supportive sector level capital cost and valuation dynamics reflected in recent Street research. Analyst Commentary Street research on IDACORP presents a mixed but generally constructive backdrop, with upward price target revisions from bullish analysts offset by more cautious views that emphasize valuation discipline and regulatory execution risk.
PPL
US$34.68
PPL
7D
1.2%
1Y
7.0%

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.
PCG
US$15.98
PG&E
7D
4.0%
1Y
-20.1%
CEG
US$357.81
Constellation Energy
7D
0.2%
1Y
56.7%
ETR
US$91.99
Entergy
7D
-1.9%
1Y
22.0%

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.
EIX
US$60.63
Edison International
7D
2.6%
1Y
-23.9%

Edison International's (NYSE:EIX) Dividend Will Be Increased To $0.8775

Dec 15
Edison International's (NYSE:EIX) Dividend Will Be Increased To $0.8775
NEE
US$80.04
NextEra Energy
7D
-2.0%
1Y
10.4%

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$116.30
Duke Energy
7D
-0.4%
1Y
7.1%

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.
ES
US$66.04
Eversource Energy
7D
-3.4%
1Y
15.5%

ES: Earnings Outlook And Multiples Will Likely Support A Stable Profile

Analysts have raised their price target on Eversource Energy by approximately 0.3 percent to about 73 dollars, citing a slightly lower discount rate and modestly higher long term valuation multiples that support a marginally higher fair value estimate. What's in the News Eversource Energy has scheduled a board meeting for December 3, 2025, with an agenda that includes considering the election of Warren Robert Mudge as a Trustee (company filings).