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U.S. Electric Utilities Industry Analysis

UpdatedApr 07, 2026
DataAggregated Company Financials
Companies30
  • 7D0.2%
  • 3M6.3%
  • 1Y27.9%
  • YTD5.9%

Over the last 7 days, the Electric Utilities industry has risen 1.1%, and NRG Energy contributed the most with a gain of 6.1%. Meanwhile, Constellation Energy actually underperformed within the industry, shrinking 7.9% in the last week. In the last 12 months, the industry was up 27%. 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
Tue, 07 Apr 2026US$1.0tUS$332.6bUS$44.2b21.9x22.9x3x
Thu, 05 Mar 2026US$1.0tUS$332.6bUS$44.3b22.6x23.4x3.1x
Sat, 31 Jan 2026US$940.9bUS$325.8bUS$43.9b20.8x21.4x2.9x
Mon, 29 Dec 2025US$916.8bUS$324.7bUS$43.5b19.6x21.1x2.8x
Wed, 26 Nov 2025US$950.2bUS$326.2bUS$43.7b20.8x21.7x2.9x
Fri, 24 Oct 2025US$966.8bUS$320.7bUS$40.7b21.3x23.7x3x
Sun, 21 Sep 2025US$893.0bUS$320.7bUS$40.7b20.1x21.9x2.8x
Tue, 19 Aug 2025US$895.5bUS$320.7bUS$40.7b20.2x22x2.8x
Thu, 17 Jul 2025US$859.0bUS$316.4bUS$38.5b21x22.3x2.7x
Sat, 14 Jun 2025US$853.1bUS$316.4bUS$38.5b20.4x22.1x2.7x
Mon, 12 May 2025US$841.0bUS$315.2bUS$38.3b20.9x22x2.7x
Wed, 09 Apr 2025US$769.0bUS$309.3bUS$38.1b19.1x20.2x2.5x
Fri, 07 Mar 2025US$807.5bUS$309.3bUS$37.6b20.1x21.5x2.6x
Sun, 02 Feb 2025US$810.5bUS$308.9bUS$35.7b20.5x22.7x2.6x
Tue, 31 Dec 2024US$790.7bUS$310.4bUS$35.8b20.6x22.1x2.5x
Thu, 28 Nov 2024US$868.4bUS$319.1bUS$36.9b21.6x23.5x2.7x
Sat, 26 Oct 2024US$867.8bUS$317.4bUS$37.4b19.8x23.2x2.7x
Mon, 23 Sep 2024US$852.3bUS$316.7bUS$36.6b19.9x23.3x2.7x
Wed, 21 Aug 2024US$801.7bUS$316.7bUS$36.6b19.3x21.9x2.5x
Fri, 19 Jul 2024US$748.1bUS$313.6bUS$38.5b18.3x19.4x2.4x
Sun, 16 Jun 2024US$743.3bUS$314.0bUS$38.5b16.9x19.3x2.4x
Tue, 14 May 2024US$759.1bUS$314.0bUS$38.5b17.8x19.7x2.4x
Thu, 11 Apr 2024US$702.8bUS$316.8bUS$34.9b17.7x20.1x2.2x
Sat, 09 Mar 2024US$668.0bUS$316.8bUS$35.0b17.3x19.1x2.1x
Mon, 05 Feb 2024US$651.8bUS$322.5bUS$31.5b18.2x20.7x2x
Wed, 03 Jan 2024US$678.4bUS$322.4bUS$31.8b19.3x21.4x2.1x
Fri, 01 Dec 2023US$651.0bUS$322.4bUS$31.8b18.6x20.5x2x
Sun, 29 Oct 2023US$617.0bUS$325.5bUS$29.9b18.3x20.7x1.9x
Tue, 26 Sep 2023US$666.2bUS$325.0bUS$30.5b18.9x21.8x2x
Thu, 24 Aug 2023US$663.1bUS$325.0bUS$30.5b18.8x21.7x2x
Sat, 22 Jul 2023US$718.7bUS$325.6bUS$28.9b19.3x24.8x2.2x
Mon, 19 Jun 2023US$702.6bUS$325.6bUS$28.9b19.1x24.3x2.2x
Wed, 17 May 2023US$698.1bUS$323.5bUS$28.9b19.2x24.1x2.2x
Fri, 14 Apr 2023US$724.9bUS$314.2bUS$29.7b20.1x24.4x2.3x
Price to Earnings Ratio

24.4x


Total Market Cap: US$724.9bTotal Earnings: US$29.7bTotal Revenue: US$314.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electric Utilities Industry Price to Earnings3Y Average 21.8x202420252026
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 21.8x.
  • The 3-year average PS ratio of 2.5x 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 14% 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 Market4.40%
Utilities0.63%
Electric Utilities0.18%
Electric Utilities0.18%
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
NRG NRG EnergyUS$149.806.1%
+US$1.8b		71.7%PE40.3x
ETR EntergyUS$114.573.2%
+US$1.6b		44.4%PE29.8x
NEE NextEra EnergyUS$92.730.7%
+US$1.6b		42.5%PE28.3x
XEL Xcel EnergyUS$80.391.5%
+US$764.2m		19.9%PE24.9x
EIX Edison InternationalUS$73.592.4%
+US$673.6m		37.2%PE6.4x

Latest News

ETR
US$114.57
Entergy
7D
3.2%
1Y
44.4%
OKLO
US$48.76
Oklo
7D
7.0%
1Y
122.3%
XEL
US$80.39
Xcel Energy
7D
1.5%
1Y
19.9%

XEL: Data Center Agreements And Capital Plans Will Shape Future Returns

Analysts have made a modest trim to the consolidated price target on Xcel Energy, with the updated fair value estimate moving by about $0.24 to $89.53. Recent target changes from UBS, Morgan Stanley, RBC Capital, and Barclays reflect fine tuning of assumptions around discount rates, growth, margins, and future P/E levels rather than a shift in the core thesis.
NEE
US$92.73
NextEra Energy
7D
0.7%
1Y
42.5%

NEE: Data Center Power Demand Will Support Long Term EPS Roadmap

Analysts have raised their average price targets on NextEra Energy by a few dollars per share, pointing to stronger expected revenue growth supported by rising power demand from data centers and new generation projects, while still factoring in execution risks around long term EPS goals and gas plant contracts. Analyst Commentary Bullish analysts have been increasing their price targets on NextEra Energy by low single digit dollar amounts, citing stronger expected revenue supported by new generation projects and rising power demand from large load customers such as data centers.
NRG
US$149.80
NRG Energy
7D
6.1%
1Y
71.7%

NRG: LS Power Acquisition And Margin Expansion Will Drive Future Repricing

NRG Energy's updated analyst price target has edged lower to $282.26 from $312.69, as analysts factor in assumptions of slower revenue growth along with higher expected profit margins and a richer future P/E multiple. Analyst Commentary Recent Street research around NRG Energy points to a mix of views, but several high profile firms highlight potential upside tied to execution on recent acquisitions and expectations for stronger profitability.
DUK
US$131.41
Duke Energy
7D
-0.2%
1Y
12.5%

DUK: Data Center Load And Storage Projects Will Support Balanced Future Outlook

Narrative Update The updated analyst price target for Duke Energy is $139. This reflects recent research in which several firms adjusted targets higher or lower as analysts weighed constructive views on the utility's load growth pipeline and regulated exposure against the impact of a roughly 15% share advance since early December.
AEP
US$132.36
American Electric Power Company
7D
0.9%
1Y
30.3%
EXC
US$48.94
Exelon
7D
-0.3%
1Y
9.5%
CEG
US$275.16
Constellation Energy
7D
-7.9%
1Y
53.0%

CEG: PJM Contracting Acceleration Through 2026 Will Drive Bullish Outlook

Analysts now set a revised fair value estimate of $330.00 for Constellation Energy, up from $296.83. This reflects updated views on longer term earnings power, slightly higher assumed profit margins, and a richer future P/E multiple, despite more cautious revenue growth assumptions and a recent mix of target cuts and reaffirmed optimism across Street research.
EIX
US$73.59
Edison International
7D
2.4%
1Y
37.2%
PPL
US$38.72
PPL
7D
1.8%
1Y
15.5%

PPL: Future Returns Will Reflect Pennsylvania Decisions And 2026 Earnings Outlook

Analysts have nudged the PPL fair value estimate to $41.20 from $40.67, reflecting a series of higher price targets across the Street tied to views on earnings visibility, regulatory outcomes in Pennsylvania, and the company’s regulated growth profile. Analyst Commentary Recent research on PPL has centered on how much value investors might ascribe to its regulated growth plan, earnings visibility and upcoming regulatory decisions in Pennsylvania, which is feeding directly into a series of price target moves.