Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Electric Utilities Industry Analysis

UpdatedJul 01, 2026
DataAggregated Company Financials
Companies30
  • 7D0.3%
  • 3M-2.6%
  • 1Y10.9%
  • YTD2.9%

In the last week, the Electric Utilities industry is flat overall, with Constellation Energy standing out by going down 8.1%. The past year has been better, since the industry has gained 11% in that time. 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
Thu, 02 Jul 2026US$999.0bUS$344.7bUS$46.3b22.4x21.6x2.9x
Sat, 30 May 2026US$974.7bUS$355.4bUS$47.4b21.3x20.6x2.7x
Mon, 27 Apr 2026US$1.0tUS$334.0bUS$45.8b21.8x22.3x3.1x
Wed, 25 Mar 2026US$984.2bUS$332.6bUS$44.2b21.1x22.2x3x
Fri, 20 Feb 2026US$988.6bUS$330.4bUS$45.3b21.9x21.8x3x
Sun, 18 Jan 2026US$941.0bUS$324.7bUS$43.5b20.9x21.6x2.9x
Tue, 16 Dec 2025US$915.1bUS$326.2bUS$43.7b20.1x20.9x2.8x
Thu, 13 Nov 2025US$962.9bUS$326.2bUS$43.7b21x22x3x
Sat, 11 Oct 2025US$971.1bUS$320.7bUS$40.7b21.2x23.9x3x
Mon, 08 Sep 2025US$869.8bUS$320.7bUS$40.7b20x21.4x2.7x
Wed, 06 Aug 2025US$911.1bUS$319.9bUS$40.2b20.9x22.7x2.8x
Fri, 04 Jul 2025US$857.4bUS$316.4bUS$38.5b20.6x22.2x2.7x
Sun, 01 Jun 2025US$857.9bUS$316.4bUS$38.5b21.2x22.3x2.7x
Tue, 29 Apr 2025US$815.2bUS$310.6bUS$36.6b20.8x22.3x2.6x
Thu, 27 Mar 2025US$802.4bUS$309.3bUS$38.1b20.5x21.1x2.6x
Sat, 22 Feb 2025US$834.1bUS$309.6bUS$37.4b21x22.3x2.7x
Mon, 20 Jan 2025US$816.0bUS$310.4bUS$35.8b20.4x22.8x2.6x
Wed, 18 Dec 2024US$805.5bUS$319.1bUS$36.9b20.7x21.8x2.5x
Fri, 15 Nov 2024US$825.3bUS$319.1bUS$36.9b20.7x22.4x2.6x
Sun, 13 Oct 2024US$843.5bUS$316.7bUS$36.6b19.6x23.1x2.7x
Tue, 10 Sep 2024US$818.6bUS$316.7bUS$36.6b19.8x22.4x2.6x
Thu, 08 Aug 2024US$783.9bUS$316.3bUS$38.0b19.5x20.6x2.5x
Sat, 06 Jul 2024US$730.4bUS$313.6bUS$38.5b17.1x19x2.3x
Mon, 03 Jun 2024US$773.1bUS$314.0bUS$38.5b17.6x20.1x2.5x
Wed, 01 May 2024US$710.0bUS$314.9bUS$35.2b18.1x20.2x2.3x
Fri, 29 Mar 2024US$693.5bUS$316.8bUS$34.9b17.9x19.8x2.2x
Sun, 25 Feb 2024US$654.1bUS$322.9bUS$32.6b17.1x20.1x2x
Tue, 23 Jan 2024US$641.6bUS$322.4bUS$31.8b18x20.2x2x
Thu, 21 Dec 2023US$672.7bUS$322.4bUS$31.8b18.7x21.2x2.1x
Sat, 18 Nov 2023US$648.5bUS$322.4bUS$31.8b18.2x20.4x2x
Mon, 16 Oct 2023US$622.5bUS$325.0bUS$30.5b18.6x20.4x1.9x
Wed, 13 Sep 2023US$661.9bUS$325.0bUS$30.5b18.8x21.7x2x
Fri, 11 Aug 2023US$675.3bUS$325.0bUS$30.5b19.1x22.1x2.1x
Sun, 09 Jul 2023US$686.5bUS$325.6bUS$28.9b18.7x23.7x2.1x
Price to Earnings Ratio

23.7x


Total Market Cap: US$686.5bTotal 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 2.9x.
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 Market1.92%
Utilities0.19%
Electric Utilities0.31%
Electric Utilities0.31%
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
ES Eversource EnergyUS$72.200.7%
+US$184.3m		12.0%PE15.5x
IDA IDACORPUS$150.121.9%
+US$157.9m		30.4%PE25.1x
PNW Pinnacle West CapitalUS$106.300.9%
+US$112.7m		17.9%PE19.7x
MGEE MGE EnergyUS$81.113.0%
+US$95.7m		-9.1%PE22.8x
EVRG EvergyUS$86.190.4%
+US$85.3m		24.9%PE22.5x

Latest News

ES
US$72.20
Eversource Energy
7D
0.7%
1Y
12.0%
AEP
US$135.05
American Electric Power Company
7D
0.07%
1Y
30.8%
CEG
US$236.50
Constellation Energy
7D
-11.7%
1Y
-22.9%
PPL
US$35.62
PPL
7D
-3.5%
1Y
6.2%
EXC
US$46.26
Exelon
7D
-1.4%
1Y
7.8%
MGEE
US$81.11
MGE Energy
7D
3.0%
1Y
-9.1%
PCG
US$16.57
PG&E
7D
-3.2%
1Y
18.4%
Seeking Alpha • Jun 29

PG&E Continues To Incrementally Improve Its Portfolio

Summary PG&E Corporation is targeting robust EPS growth, aiming for $1.65 in 2026 and $2.33 by 2030, with no new equity issuance. PCG's aggressive wildfire mitigation and infrastructure upgrades, including $15 billion in undergrounding, are designed to reduce risk and improve reliability. Rate base is projected to grow 9% annually, supporting a 20%+ dividend payout ratio and a potential 3% yield by 2030. Execution on capital plans and sustained customer quality improvements are critical for long-term PCG returns amid high rates and reputational challenges. Read the full article on Seeking Alpha
OTTR
US$89.66
Otter Tail
7D
0.9%
1Y
12.9%
LNT
US$75.79
Alliant Energy
7D
0.3%
1Y
24.7%
PNW
US$106.30
Pinnacle West Capital
7D
0.9%
1Y
17.9%
SO
US$95.12
Southern
7D
-0.7%
1Y
4.4%
NEE
US$86.37
NextEra Energy
7D
-1.4%
1Y
18.3%
ETR
US$112.86
Entergy
7D
-1.6%
1Y
38.8%
IDA
US$150.12
IDACORP
7D
1.9%
1Y
30.4%
Narrative Update • Jun 25

IDA: Equity Issuance And Utility Repricing Will Shape 2026 Earnings Profile

Analysts have nudged their IDACORP price targets higher, with one firm lifting its view to $152 from $147 as part of a broader reset of North American regulated utility valuations. Others have made smaller target adjustments based on updated assumptions for revenue growth, profit margins and future P/E levels.
EVRG
US$86.19
Evergy
7D
0.4%
1Y
24.9%
Narrative Update • Jun 24

EVRG: Future Demand Investments And Mixed Research Views Signal Balanced Outlook

Analysts have adjusted their blended price target on Evergy by $3, reflecting a combination of a $4 increase from one firm and a $1 cut from another, with the changes supported by updated views on valuation, regulatory conditions, and the company’s earnings outlook. Analyst Commentary Recent research on Evergy highlights a split view on where the stock should trade, with some analysts more comfortable raising price targets and others trimming expectations based on their read of valuation, regulatory risk, and earnings visibility.
XEL
US$79.70
Xcel Energy
7D
-2.2%
1Y
18.0%