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U.S. Electric Utilities Industry Analysis

UpdatedJul 13, 2026
DataAggregated Company Financials
Companies30
  • 7D0.2%
  • 3M-3.6%
  • 1Y9.8%
  • YTD3.1%

The Electric Utilities industry has been flat over the last week, but Oklo has lost 5.8%. As for the the longer term, the industry is up 9.8% over the past 12 months. As for the next few years, earnings are expected to grow by 10% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 13 Jul 2026US$983.9bUS$344.7bUS$46.3b22.3x21.3x2.9x
Wed, 10 Jun 2026US$1.1tUS$353.1bUS$48.1b21.5x22.6x3.1x
Fri, 08 May 2026US$1.0tUS$338.0bUS$45.4b21.6x22.6x3x
Sun, 05 Apr 2026US$1.0tUS$332.6bUS$44.2b21.9x22.9x3x
Tue, 03 Mar 2026US$1.0tUS$333.0bUS$44.3b22.7x23.6x3.1x
Thu, 29 Jan 2026US$941.7bUS$325.8bUS$43.9b20.8x21.5x2.9x
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
Price to Earnings Ratio

24x


Total Market Cap: US$695.1bTotal 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 Market0.11%
Utilities0.32%
Electric Utilities0.23%
Electric Utilities0.23%
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$257.574.8%
+US$4.2b		-21.0%PE24.3x
NEE NextEra EnergyUS$88.381.1%
+US$2.0b		17.8%PE22.5x
PCG PG&EUS$17.373.3%
+US$1.2b		29.7%PE13.5x
DUK Duke EnergyUS$126.860.7%
+US$693.8m		7.6%PE19.5x
ES Eversource EnergyUS$74.862.2%
+US$613.0m		14.5%PE16.1x

Latest News

EIX
US$75.97
Edison International
7D
1.5%
1Y
49.1%
NEE
US$88.38
NextEra Energy
7D
1.1%
1Y
17.8%
Seeking Alpha • Jul 11

NextEra Energy: Merger With Dominion Energy Introduces Risks

Summary NextEra Energy proposes an all-stock merger with Dominion Energy, aiming to create a $250B utility leader amid surging AI-driven electricity demand. NEE expects the scale from the merger to accelerate project delivery and efficiency, especially in data center-heavy regions like Virginia. The deal's takeover premium and regulatory concessions set a high bar for synergy realization amid integration risks. NEE's historical outperformance is rooted in Florida Power & Light's favorable regulatory environment; the merger could dilute this competitive edge. Read the full article on Seeking Alpha
DUK
US$126.86
Duke Energy
7D
0.7%
1Y
7.6%
ES
US$74.86
Eversource Energy
7D
2.2%
1Y
14.5%
PCG
US$17.37
PG&E
7D
3.3%
1Y
29.7%
MGEE
US$82.17
MGE Energy
7D
-1.0%
1Y
-5.1%
Seeking Alpha • Jul 10

MGE Energy: Quality Utility, But The Entry Point Has Closed

Summary MGE Energy is a high-quality regulated utility with sector-leading credit ratings and robust rate base growth, benefiting from a constructive Wisconsin regulatory environment. MGEE's stock has re-rated near fair value, supporting a Hold rating with an $85.37 price target, reflecting limited upside and a 2.31% forward dividend yield. Capex guidance has increased to $1.9 billion (2026-2030), driven by renewables and the RockGen acquisition, with share dilution and execution risk as key concerns. EPS is projected to grow 9% to $4.27 by mid-2027, but further upside depends on RockGen approval and disciplined equity issuance. Read the full article on Seeking Alpha
AEP
US$135.63
American Electric Power Company
7D
-0.3%
1Y
29.1%
OKLO
US$45.81
Oklo
7D
-11.6%
1Y
-26.6%
Narrative Update • Jul 10

OKLO: Capital Intensive Reactor Build Out Will Delay Earnings And Cash Flows

Oklo's analyst price target has reset higher from about $23.00 to roughly $31.07, as analysts balance the company's vertically integrated SMR model and early commercial agreements with Meta against capital intensity, execution risk, and mixed ratings that range from Neutral stances with trimmed targets to more optimistic views up to $80. Analyst Commentary on Oklo Recent Street research on Oklo highlights a mix of optimism about its small modular reactor ambitions and caution around capital needs, timelines, and cash generation.
IDA
US$150.97
IDACORP
7D
-0.08%
1Y
27.7%
ETR
US$114.84
Entergy
7D
0.9%
1Y
38.7%
NRG
US$139.48
NRG Energy
7D
-1.1%
1Y
-7.7%
Narrative Update • Jul 07

NRG: Future Retail Cash Flows From LS Power Assets Will Matter

The analyst price target for NRG Energy has been revised to $198.06 from $202.12 as analysts factor in a slightly higher discount rate, more measured revenue growth assumptions, and a modestly lower future P/E multiple, while still highlighting the scale and earnings stability of the retail business as a key support for valuation. Analyst Commentary Recent Street research on NRG Energy highlights both optimism and caution, with analysts weighing the value of its large retail platform against changing assumptions on discount rates, growth, and P/E multiples.
CEG
US$257.57
Constellation Energy
7D
4.8%
1Y
-21.0%
PPL
US$36.07
PPL
7D
-0.1%
1Y
3.8%
GNE
US$14.04
Genie Energy
7D
-3.0%
1Y
-36.3%
OTTR
US$89.06
Otter Tail
7D
-1.6%
1Y
13.1%
SO
US$96.47
Southern
7D
0.5%
1Y
4.1%