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U.S. Electric Utilities Industry Analysis

UpdatedJun 18, 2026
DataAggregated Company Financials
Companies30
  • 7D0.9%
  • 3M-5.3%
  • 1Y10.8%
  • YTD0.7%

Over the last 7 days, the Electric Utilities industry has remained flat, although notably Constellation Energy gained 11%. The past year has been better, since the industry has gained 11% in that time. Looking forward, earnings are forecast to grow by 10% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 19 Jun 2026US$973.5bUS$344.7bUS$46.3b21.5x21x2.8x
Sun, 17 May 2026US$965.2bUS$355.3bUS$47.3b20.9x20.4x2.7x
Tue, 14 Apr 2026US$1.0tUS$332.6bUS$44.2b21.9x23.4x3.1x
Thu, 12 Mar 2026US$1.0tUS$332.6bUS$44.3b21.2x23x3.1x
Sat, 07 Feb 2026US$934.2bUS$326.2bUS$44.0b20.9x21.2x2.9x
Mon, 05 Jan 2026US$924.7bUS$324.7bUS$43.5b19.7x21.2x2.8x
Wed, 03 Dec 2025US$945.6bUS$326.2bUS$43.7b20.2x21.6x2.9x
Fri, 31 Oct 2025US$976.5bUS$323.4bUS$42.0b21.3x23.3x3x
Sun, 28 Sep 2025US$916.7bUS$320.7bUS$40.7b20.7x22.5x2.9x
Tue, 26 Aug 2025US$894.2bUS$320.7bUS$40.7b20.4x22x2.8x
Thu, 24 Jul 2025US$890.0bUS$316.4bUS$38.5b21.8x23.1x2.8x
Sat, 21 Jun 2025US$838.4bUS$316.4bUS$38.5b20.2x21.8x2.7x
Mon, 19 May 2025US$862.6bUS$316.4bUS$38.5b21x22.4x2.7x
Wed, 16 Apr 2025US$811.2bUS$309.3bUS$38.1b20.3x21.3x2.6x
Fri, 14 Mar 2025US$804.9bUS$309.3bUS$37.6b20.3x21.4x2.6x
Sun, 09 Feb 2025US$813.8bUS$308.6bUS$35.8b20.2x22.7x2.6x
Tue, 07 Jan 2025US$798.7bUS$310.4bUS$35.8b20.3x22.3x2.6x
Thu, 05 Dec 2024US$843.3bUS$319.1bUS$36.9b21.2x22.9x2.6x
Sat, 02 Nov 2024US$852.7bUS$318.5bUS$38.0b19.7x22.5x2.7x
Mon, 30 Sep 2024US$859.4bUS$316.7bUS$36.6b20x23.5x2.7x
Wed, 28 Aug 2024US$810.3bUS$316.7bUS$36.6b19.2x22.2x2.6x
Fri, 26 Jul 2024US$761.5bUS$312.6bUS$37.4b18.8x20.3x2.4x
Sun, 23 Jun 2024US$737.1bUS$313.6bUS$38.5b17x19.1x2.4x
Tue, 21 May 2024US$768.3bUS$314.0bUS$38.5b17.7x19.9x2.4x
Thu, 18 Apr 2024US$684.6bUS$316.8bUS$34.9b17.7x19.6x2.2x
Sat, 16 Mar 2024US$666.3bUS$316.8bUS$34.9b17.5x19.1x2.1x
Mon, 12 Feb 2024US$637.8bUS$322.7bUS$31.9b17.3x20x2x
Wed, 10 Jan 2024US$682.1bUS$322.4bUS$31.8b19.5x21.5x2.1x
Fri, 08 Dec 2023US$664.1bUS$322.4bUS$31.8b18.8x20.9x2.1x
Sun, 05 Nov 2023US$650.8bUS$323.1bUS$30.9b18.8x21x2x
Tue, 03 Oct 2023US$618.4bUS$325.0bUS$30.5b17.3x20.3x1.9x
Thu, 31 Aug 2023US$662.0bUS$325.0bUS$30.5b18.8x21.7x2x
Sat, 29 Jul 2023US$711.3bUS$327.1bUS$30.4b19.3x23.4x2.2x
Mon, 26 Jun 2023US$684.9bUS$325.6bUS$28.9b18.5x23.7x2.1x
Price to Earnings Ratio

23.7x


Total Market Cap: US$684.9bTotal Earnings: US$28.9bTotal Revenue: US$325.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electric Utilities Industry Price to Earnings3Y Average 21.6x202420252026
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 21.6x.
  • 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 17% 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 Market1.98%
Utilities0.97%
Electric Utilities0.87%
Electric Utilities0.87%
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$274.0611.1%
+US$9.8b		-10.6%PE25.8x
NEE NextEra EnergyUS$86.752.3%
+US$4.0b		21.2%PE22.1x
NRG NRG EnergyUS$135.069.2%
+US$2.4b		-11.5%PE165.7x
OKLO OkloUS$61.175.7%
+US$575.9m		-1.4%PB4x
ETR EntergyUS$111.111.1%
+US$558.6m		37.3%PE28.5x

Latest News

FE
US$46.45
FirstEnergy
7D
-0.5%
1Y
16.9%
NRG
US$135.06
NRG Energy
7D
9.2%
1Y
-11.5%
NEE
US$86.75
NextEra Energy
7D
2.3%
1Y
21.2%
Seeking Alpha • 7h

NextEra Energy Has Substantial Upside Potential After Dominion Deal

Summary NextEra Energy, Inc. is rated a Buy after a recent 15.6% correction, presenting an attractive entry point with significant upside potential. NEE’s $67 billion all-stock merger with Dominion Energy is expected to be accretive, creating a utility serving 10M customer accounts and 110 GW generation capacity. AI-driven energy demand and potential M&A from cash-rich tech companies position NEE for long-term growth as utilities benefit from rising power consumption. NEE’s dividend consistency is top-tier, and the Dominion acquisition could enhance both quant and dividend ratings, despite current valuation headwinds. Read the full article on Seeking Alpha
SO
US$93.09
Southern
7D
-0.2%
1Y
5.0%
Narrative Update • Jun 17

SO: Future Dividend Strength Will Reflect Data Center Power And Nuclear Progress

Analysts have maintained their price target on Southern at $101.34. This reflects unchanged views on fair value, discount rate, revenue growth, profit margin and future P/E assumptions following the latest review.
EVRG
US$82.50
Evergy
7D
-0.4%
1Y
23.5%
AEP
US$127.69
American Electric Power Company
7D
-0.6%
1Y
26.2%
OKLO
US$61.17
Oklo
7D
5.7%
1Y
-1.4%
EIX
US$71.89
Edison International
7D
-0.6%
1Y
42.5%
Analysis Article • Jun 17

Edison International (EIX) Stock Could Be 44.40% Below Fair Value Despite Grid Growth Narrative

Edison International (EIX) has drawn renewed attention after recent share moves, with the stock last closing at $72.06. Investors are weighing this price against the company’s fundamentals and historical total return profile. See our latest analysis for Edison International. Over the past year, Edison International’s 1 year total shareholder return of 55.16% and year to date share price return of 18.27% point to building momentum, even though the 90 day share price return declined 0.83%. If...
DUK
US$123.86
Duke Energy
7D
-0.3%
1Y
8.1%
ES
US$69.59
Eversource Energy
7D
1.7%
1Y
11.5%
Analysis Article • Jun 16

Eversource Energy (ES) Stock Could Be 4.6% Undervalued After Connecticut Regulatory Petition

Regulatory petition puts Eversource Energy stock in focus Connecticut’s attorney general has asked federal regulators to scrap a 0.5% return on equity adder that benefits Eversource Energy (ES). This move is putting fresh attention on how regulatory shifts could shape the utility’s earnings profile. See our latest analysis for Eversource Energy. Over the past year, Eversource Energy’s share price has had mixed momentum, with a 30 day share price return of 3.11% and a 90 day share price return...
ETR
US$111.11
Entergy
7D
1.1%
1Y
37.3%
Narrative Update • Jun 16

ETR: Data Center Load And Fair Share Plus Will Shape Future EPS

The updated analyst price target for Entergy edges slightly lower, reflecting modest model adjustments to fair value and profit margin assumptions, even as analysts highlight steady long term EPS frameworks, large load opportunities, and detailed capital plans shared at recent investor events. Analyst Commentary Recent research on Entergy highlights a mix of optimism around long term growth plans and load opportunities, alongside more conservative views tied to valuation, market multiples, and execution risk.
XEL
US$77.39
Xcel Energy
7D
-1.1%
1Y
16.8%
Narrative Update • Jun 16

XEL: Data Center Agreements And Grid Expansion Will Support Future Returns

Analysts have trimmed Xcel Energy's price targets by a few dollars to a range centered in the low $90s. This reflects updated sector models and recent relative underperformance of utilities versus the broader S&P, while still indicating a broadly supportive view on the stock's role in power and data center related growth.
CEG
US$274.06
Constellation Energy
7D
11.1%
1Y
-10.6%
PCG
US$16.48
PG&E
7D
-1.8%
1Y
17.1%
EXC
US$45.81
Exelon
7D
0.7%
1Y
8.1%
LNT
US$73.00
Alliant Energy
7D
0.5%
1Y
21.6%