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U.S. Electric Utilities Industry Analysis

UpdatedNov 14, 2025
DataAggregated Company Financials
Companies32
  • 7D-1.2%
  • 3M6.3%
  • 1Y14.6%
  • YTD18.8%

Over the last 7 days, the Electric Utilities industry has dropped 1.2%, driven by Constellation Energy declining 6.2%. In the past year, the industry has gained 15%. 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, 17 Nov 2025US$968.5bUS$326.2bUS$43.7b20.7x22.2x3x
Wed, 15 Oct 2025US$979.3bUS$320.7bUS$40.7b21.3x24.1x3.1x
Fri, 12 Sep 2025US$879.9bUS$320.7bUS$40.7b20.1x21.6x2.7x
Sun, 10 Aug 2025US$899.2bUS$320.6bUS$40.7b20.7x22.1x2.8x
Tue, 08 Jul 2025US$857.4bUS$316.4bUS$38.5b20.6x22.2x2.7x
Thu, 05 Jun 2025US$857.3bUS$316.4bUS$38.5b20.6x22.2x2.7x
Sat, 03 May 2025US$826.1bUS$313.4bUS$39.0b21.1x21.2x2.6x
Mon, 31 Mar 2025US$815.3bUS$309.3bUS$38.1b20.7x21.4x2.6x
Wed, 26 Feb 2025US$828.9bUS$309.3bUS$37.3b21x22.2x2.7x
Fri, 24 Jan 2025US$811.5bUS$310.4bUS$35.8b20.2x22.7x2.6x
Sun, 22 Dec 2024US$800.5bUS$319.1bUS$36.9b20.5x21.7x2.5x
Tue, 19 Nov 2024US$834.1bUS$319.1bUS$37.4b20.9x22.3x2.6x
Thu, 17 Oct 2024US$863.9bUS$316.7bUS$36.6b20.2x23.6x2.7x
Sat, 14 Sep 2024US$827.3bUS$316.7bUS$36.6b20.1x22.6x2.6x
Mon, 12 Aug 2024US$790.6bUS$316.7bUS$37.1b19.3x21.3x2.5x
Wed, 10 Jul 2024US$732.0bUS$313.6bUS$38.5b17.2x19x2.3x
Fri, 07 Jun 2024US$758.5bUS$314.0bUS$38.5b17.1x19.7x2.4x
Sun, 05 May 2024US$729.6bUS$315.5bUS$35.8b17.1x20.4x2.3x
Tue, 02 Apr 2024US$697.2bUS$316.8bUS$34.9b17.8x20x2.2x
Thu, 29 Feb 2024US$654.0bUS$321.6bUS$33.5b16.8x19.6x2x
Sat, 27 Jan 2024US$647.7bUS$322.5bUS$31.5b18.1x20.6x2x
Mon, 25 Dec 2023US$662.5bUS$322.4bUS$31.8b18.8x20.9x2.1x
Wed, 22 Nov 2023US$649.3bUS$322.4bUS$31.8b18.2x20.4x2x
Fri, 20 Oct 2023US$615.0bUS$325.0bUS$30.5b18.3x20.2x1.9x
Sun, 17 Sep 2023US$678.3bUS$325.0bUS$30.5b19.3x22.2x2.1x
Tue, 15 Aug 2023US$672.9bUS$325.0bUS$30.5b19x22.1x2.1x
Thu, 13 Jul 2023US$702.5bUS$325.6bUS$28.9b19.2x24.3x2.2x
Sat, 10 Jun 2023US$688.2bUS$323.5bUS$28.9b19.4x23.8x2.1x
Mon, 08 May 2023US$718.7bUS$323.1bUS$28.8b20x25x2.2x
Wed, 05 Apr 2023US$701.5bUS$314.2bUS$29.7b19.4x23.7x2.2x
Fri, 03 Mar 2023US$669.8bUS$314.2bUS$29.6b18.9x22.6x2.1x
Sun, 29 Jan 2023US$707.0bUS$322.3bUS$31.9b19.1x22.2x2.2x
Tue, 27 Dec 2022US$736.3bUS$320.5bUS$31.5b19.4x23.4x2.3x
Thu, 24 Nov 2022US$722.9bUS$320.5bUS$31.5b18.5x23x2.3x
Price to Earnings Ratio

23x


Total Market Cap: US$722.9bTotal 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 21.9x202320242025
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 21.9x.
  • The 3-year average PS ratio of 2.4x is lower than the industry's current PS ratio of 3.0x.
Past Earnings Growth
  • The earnings for companies in the Electric Utilities industry have grown 12% 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-0.39%
Utilities-1.29%
Electric Utilities-1.23%
Electric Utilities-1.23%
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
EIX Edison InternationalUS$58.712.4%
+US$527.2m		-30.2%PE7.7x
EXC ExelonUS$45.941.1%
+US$484.9m		17.1%PE16.5x
ES Eversource EnergyUS$73.301.1%
+US$296.4m		18.1%PE20.5x
XEL Xcel EnergyUS$80.580.2%
+US$106.5m		15.2%PE24.9x
LNT Alliant EnergyUS$67.330.6%
+US$95.1m		8.9%PE21.2x

Latest News

NRG
US$165.19
NRG Energy
7D
-0.9%
1Y
77.2%
NEE
US$83.88
NextEra Energy
7D
-1.0%
1Y
9.8%

NEE: Sector Partnerships and Renewable Shifts Will Support Balanced Outlook Amid Policy Uncertainty

NextEra Energy's average analyst price target has increased substantially, rising from $84 to $96 per share. Analysts cite constructive policy developments, high-profile corporate partnerships, and sustained earnings growth potential as key drivers supporting a more positive valuation outlook.
ES
US$73.30
Eversource Energy
7D
1.1%
1Y
18.1%

ES: Recurring Earnings Guidance And Estimates Signal Steady Performance Ahead

Analysts have raised their price target for Eversource Energy by $1 to $75.60, citing improved revenue growth expectations and a modest uptick in projected fair value. What's in the News Eversource Energy reaffirmed earnings guidance for the year ending December 31, 2025, and is maintaining an expected compound annual EPS growth rate of 5% to 7% from a 2024 base of $4.57 per share (Key Developments).
CEG
US$338.52
Constellation Energy
7D
-6.2%
1Y
47.0%
LNT
US$67.33
Alliant Energy
7D
0.6%
1Y
8.9%

LNT: Future Dividend Plans And Earnings Guidance Will Drive Stable Outlook

Alliant Energy's analyst price target has been revised slightly upward to $71.50 from $70.90. This change reflects analysts' expectations for stronger profit margins, even though there has been a modest reduction in projected revenue growth.
EXC
US$45.94
Exelon
7D
1.1%
1Y
17.1%

EXC: Future Earnings Will Depend On Regulatory Environments And Market Demand

Exelon’s analyst price target has increased modestly from $49.33 to $49.88 per share. Analysts point to the company's resilient fundamentals and prospects for steady earnings growth, despite mixed views on regulatory headwinds and valuation discounts.
HE
US$11.65
Hawaiian Electric Industries
7D
4.0%
1Y
9.6%
DUK
US$122.71
Duke Energy
7D
-0.2%
1Y
8.1%

DUK: Upgraded Balance Sheet and Southeast Demand Will Support Stable Returns Ahead

Duke Energy's analyst price target was modestly reduced to $137.24 from $137.60, as analysts point to ongoing improvements in revenue growth and profit margins. This was partially offset by a higher discount rate and recalibrated future valuation multiples.
ETR
US$95.05
Entergy
7D
-2.1%
1Y
27.4%
PNW
US$88.39
Pinnacle West Capital
7D
0.8%
1Y
-3.5%

PNW: Future Sector Tailwinds And Regulatory Changes Will Shape Earnings Path

Pinnacle West Capital's analyst price target was modestly reduced by $0.18 to $96.07. Analysts cite steady sector conditions, regulatory uncertainty in Arizona, and incremental updates to growth and profit outlooks as supporting factors.
POR
US$49.43
Portland General Electric
7D
1.1%
1Y
5.7%

POR: Sector Tailwinds And Competitive Risks Will Shape Near-Term Performance

Analysts have modestly increased their price target for Portland General Electric, raising it from $47.55 to $47.83 per share. They cited an improved revenue growth outlook and generally positive sector trends following the company’s recent quarterly updates.
XEL
US$80.58
Xcel Energy
7D
0.2%
1Y
15.2%

XEL: Ongoing Litigation Settlements And Renewables Access Will Shape Future Performance

Analysts have increased their average price target for Xcel Energy by over $3 to approximately $88. This reflects increased confidence after the Marshall Fire legal settlements and improved earnings growth projections.
AEP
US$121.30
American Electric Power Company
7D
-1.0%
1Y
25.7%

AEP: Data Center Demand And Regulatory Outcomes Will Shape Earnings Path Forward

American Electric Power Company's analyst price target has increased from $120.41 to $127.32. Analysts cite stronger projected revenue growth and robust demand fundamentals to support the upward revision.
EIX
US$58.71
Edison International
7D
2.4%
1Y
-30.2%
IMSR
US$12.07
Terrestrial Energy
7D
-12.1%
1Y
20.6%
OKLO
US$97.57
Oklo
7D
-12.5%
1Y
372.0%