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U.S. Electric Utilities Industry Analysis

UpdatedApr 30, 2026
DataAggregated Company Financials
Companies30
  • 7D1.7%
  • 3M5.6%
  • 1Y19.5%
  • YTD5.4%

Over the last 7 days, the Electric Utilities industry has risen 1.7%, driven by gains from NextEra Energy of 4.6%. During this same period, the Oklo underperformed, falling 10%. This takes the industry's 12 month performance to a gain of 19%. Looking forward, 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
Thu, 30 Apr 2026US$1.0tUS$334.7bUS$45.0b21.6x22.7x3.1x
Sat, 28 Mar 2026US$995.1bUS$332.6bUS$44.2b21.3x22.5x3x
Mon, 23 Feb 2026US$1.0tUS$331.3bUS$45.3b22.3x22.3x3x
Wed, 21 Jan 2026US$940.6bUS$324.7bUS$43.8b20.7x21.5x2.9x
Fri, 19 Dec 2025US$907.0bUS$324.7bUS$43.5b19.7x20.8x2.8x
Sun, 16 Nov 2025US$950.8bUS$326.2bUS$43.7b20.7x21.8x2.9x
Tue, 14 Oct 2025US$969.4bUS$320.7bUS$40.7b21.3x23.8x3x
Thu, 11 Sep 2025US$867.0bUS$320.7bUS$40.7b20.1x21.3x2.7x
Sat, 09 Aug 2025US$904.5bUS$320.6bUS$40.7b20.7x22.2x2.8x
Mon, 07 Jul 2025US$857.4bUS$316.4bUS$38.5b20.6x22.2x2.7x
Wed, 04 Jun 2025US$857.7bUS$316.4bUS$38.5b20.8x22.3x2.7x
Fri, 02 May 2025US$821.2bUS$310.8bUS$38.5b21.1x21.3x2.6x
Sun, 30 Mar 2025US$815.3bUS$309.3bUS$38.1b20.7x21.4x2.6x
Tue, 25 Feb 2025US$834.1bUS$309.2bUS$37.4b21x22.3x2.7x
Thu, 23 Jan 2025US$827.0bUS$310.4bUS$35.8b20.3x23.1x2.7x
Sat, 21 Dec 2024US$789.2bUS$319.1bUS$36.9b20.5x21.4x2.5x
Mon, 18 Nov 2024US$834.1bUS$319.1bUS$37.4b20.7x22.3x2.6x
Wed, 16 Oct 2024US$857.8bUS$316.7bUS$36.6b20x23.4x2.7x
Fri, 13 Sep 2024US$824.7bUS$316.7bUS$36.6b19.8x22.6x2.6x
Sun, 11 Aug 2024US$790.6bUS$316.7bUS$37.1b19.3x21.3x2.5x
Tue, 09 Jul 2024US$731.8bUS$313.6bUS$38.5b17.1x19x2.3x
Thu, 06 Jun 2024US$763.1bUS$314.0bUS$38.5b17.3x19.8x2.4x
Sat, 04 May 2024US$722.2bUS$315.5bUS$35.8b17.7x20.2x2.3x
Mon, 01 Apr 2024US$698.0bUS$316.8bUS$34.9b17.9x20x2.2x
Wed, 28 Feb 2024US$640.4bUS$321.6bUS$33.5b16.9x19.1x2x
Fri, 26 Jan 2024US$635.7bUS$322.5bUS$31.5b18.1x20.2x2x
Sun, 24 Dec 2023US$662.5bUS$322.4bUS$31.8b18.8x20.9x2.1x
Tue, 21 Nov 2023US$649.3bUS$322.4bUS$31.8b18.2x20.4x2x
Thu, 19 Oct 2023US$621.0bUS$325.0bUS$30.5b18.4x20.4x1.9x
Sat, 16 Sep 2023US$671.3bUS$325.0bUS$30.5b19.4x22x2.1x
Mon, 14 Aug 2023US$679.4bUS$325.0bUS$30.5b19.2x22.3x2.1x
Wed, 12 Jul 2023US$692.1bUS$325.6bUS$28.9b18.6x23.9x2.1x
Fri, 09 Jun 2023US$692.4bUS$323.5bUS$28.9b19.5x23.9x2.1x
Sun, 07 May 2023US$718.7bUS$323.1bUS$28.8b20x25x2.2x
Price to Earnings Ratio

25x


Total Market Cap: US$718.7bTotal Earnings: US$28.8bTotal Revenue: US$323.1bTotal 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 3.1x.
Past Earnings Growth
  • The earnings for companies in the Electric Utilities industry have grown 16% 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 Market-0.18%
Utilities1.25%
Electric Utilities1.72%
Electric Utilities1.72%
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$94.174.6%
+US$8.7b		40.8%PE24x
CEG Constellation EnergyUS$297.003.4%
+US$3.6b		32.9%PE46.4x
ETR EntergyUS$114.673.8%
+US$1.9b		37.9%PE29.9x
SO SouthernUS$93.511.8%
+US$1.8b		1.8%PE24.3x
EXC ExelonUS$47.022.5%
+US$1.2b		0.3%PE17.4x

Latest News

CEG
US$297.00
Constellation Energy
7D
3.4%
1Y
32.9%
OKLO
US$64.98
Oklo
7D
-10.3%
1Y
173.7%
EIX
US$67.94
Edison International
7D
-2.1%
1Y
27.0%
SO
US$93.51
Southern
7D
1.8%
1Y
1.8%

Southern Company: Positive Long-Term Clean Energy Pivot

Apr 29
EXC
US$47.02
Exelon
7D
2.5%
1Y
0.3%
AEP
US$134.44
American Electric Power Company
7D
-0.5%
1Y
25.0%
LNT
US$72.00
Alliant Energy
7D
-0.9%
1Y
18.9%

LNT: Equity Offering Flexibility And EPS Guidance Will Support Fair Value

Analysts have modestly raised their price target for Alliant Energy to $77.09 from $75.45, reflecting updated views on fair value and a slightly higher assumed future P/E multiple while keeping the discount rate broadly unchanged. What's in the News Alliant Energy filed for a follow on equity offering of up to US$1b in common stock under an at the market program, giving the company flexibility to issue shares over time as conditions allow (Key Developments).
NEE
US$94.17
NextEra Energy
7D
4.6%
1Y
40.8%

NEE Valuation — The Convergence of Grid Stability and AI Growth

​As of late April 2026, NextEra Energy (NEE) trades near its 52-week high of $96, buoyed by a robust Q1 earnings beat ($1.09 vs. $0.92 est.) and a record-breaking 33 GW renewables backlog.
PPL
US$38.66
PPL
7D
2.3%
1Y
5.9%

PPL: Future Returns Will Reflect Pennsylvania Case Outcomes And 2026 EPS Framework

Analysts have modestly increased the blended price target for PPL to approximately $42.13, citing a mix of target raises and reductions across recent research that reflect updated views on growth, margins, and P/E assumptions. Analyst Commentary Recent research points to a mixed but generally constructive tone around PPL, with several firms lifting price targets and a few trimming them, as estimates and assumptions are refreshed following recent earnings and regulatory updates.
PCG
US$16.37
PG&E
7D
-3.0%
1Y
-0.9%
ETR
US$114.67
Entergy
7D
3.8%
1Y
37.9%
HE
US$14.93
Hawaiian Electric Industries
7D
-1.6%
1Y
42.2%

HE: Derivative Settlement Liabilities Will Eventually Pressure Earnings Multiple

Analysts have nudged their price target on Hawaiian Electric Industries up from $13.25 to $13.50. They state this reflects updated views on fair value, discount rate, revenue growth, profit margin and future P/E assumptions.
NRG
US$149.01
NRG Energy
7D
-0.4%
1Y
36.0%
EVRG
US$81.33
Evergy
7D
-0.7%
1Y
18.9%

EVRG: Refined Plan And Mixed Forecasts Will Shape Future Return Expectations

Evergy's updated analyst price target has edged higher to about $89, with analysts generally citing refined forecasts, recent target hikes from several firms, and adjusted earnings and valuation assumptions as key drivers of the change. Analyst Commentary Bullish Takeaways Bullish analysts point to the updated base plan as supportive of the company’s stated 8% earnings growth target.
DUK
US$126.51
Duke Energy
7D
1.0%
1Y
3.7%

DUK: Data Center Load And New Gas Project Will Shape Balanced Outlook

The analyst price target for Duke Energy has shifted higher, rising about $1.50 to $139.82 as analysts factor in updated assumptions for revenue growth, profit margins and future P/E following a series of recent target revisions across the Street. Analyst Commentary Recent research updates on Duke Energy show a mix of higher price targets and at least one rating downgrade.
ES
US$68.72
Eversource Energy
7D
2.5%
1Y
15.5%

ES: 2026 Earnings Guidance And Dividend Will Support A Higher Multiple

Analysts have slightly trimmed their price target on Eversource Energy to reflect updated views on fair value of about $86.11 versus $85.95, modestly lower forecast revenue growth and profit margins, and a revised future P/E assumption of roughly 19.23 versus 19.56. What's in the News Eversource Energy issued earnings guidance for full year 2026, targeting earnings in a range of $4.80 to $4.95 per share, providing a clearer view of management’s expectations for that period (Key Developments).