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U.S. Electric Utilities Industry Analysis

UpdatedJun 11, 2026
DataAggregated Company Financials
Companies30
  • 7D0.04%
  • 3M-6.5%
  • 1Y8.8%
  • YTD-0.6%

The Electric Utilities is pretty flat in the last 7 days, but Southern has stood out, gaining 3.9%. As for the the longer term, the industry is up 8.8% over the past 12 months. Looking forward, 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
Fri, 12 Jun 2026US$953.0bUS$344.7bUS$46.3b21.7x20.6x2.8x
Sun, 10 May 2026US$1.0tUS$340.4bUS$44.9b21.3x22.3x2.9x
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
Price to Earnings Ratio

24.3x


Total Market Cap: US$702.6bTotal 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 industry is trading close to its 3-year average PS ratio of 2.5x.
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 Market-4.05%
Utilities0.016%
Electric Utilities0.044%
Electric Utilities0.044%
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
SO SouthernUS$93.271.8%
+US$1.9b		3.2%PE24.1x
DUK Duke EnergyUS$124.191.9%
+US$1.8b		5.9%PE19.1x
EXC ExelonUS$45.512.0%
+US$900.4m		4.3%PE16.8x
FE FirstEnergyUS$46.672.3%
+US$595.8m		14.8%PE25.3x
AEP American Electric Power CompanyUS$128.480.5%
+US$375.4m		24.7%PE19.1x

Latest News

ETR
US$109.89
Entergy
7D
0.6%
1Y
31.9%
LNT
US$72.62
Alliant Energy
7D
1.7%
1Y
18.0%
NRG
US$123.70
NRG Energy
7D
-7.3%
1Y
-18.1%
NEE
US$84.84
NextEra Energy
7D
-1.0%
1Y
14.9%
OKLO
US$57.86
Oklo
7D
-11.5%
1Y
-10.3%
SO
US$93.27
Southern
7D
1.8%
1Y
3.2%
DUK
US$124.19
Duke Energy
7D
1.9%
1Y
5.9%
CEG
US$246.71
Constellation Energy
7D
-6.8%
1Y
-17.9%
XEL
US$78.27
Xcel Energy
7D
0.6%
1Y
13.3%
Seeking Alpha • Jun 08

Xcel Energy: Bigger Capital Plan, Bigger Pushback

Summary I maintain a hold rating on Xcel Energy Inc., as valuation remains near the high end of historical norms due to improved growth prospects. XEL's expanded $60B capital plan and data center contracts are driving a projected 9% annual EPS growth through 2030. Affordability backlash and regulatory pushback on allowed returns, especially in Colorado and Minnesota, are key risks to the growth thesis. My 2027 price target for XEL stock is $86 (19x EPS), implying ~9% upside plus a 3% dividend, but I would only add below $75 or after favorable regulatory outcomes. Read the full article on Seeking Alpha
ES
US$68.43
Eversource Energy
7D
-2.1%
1Y
4.0%
HE
US$13.17
Hawaiian Electric Industries
7D
-2.0%
1Y
23.4%
Narrative Update • Jun 07

HE: Settlement Progress And Insurance Funding Will Gradually Pressure Earnings Multiple

Analysts have maintained their $13.50 price target for Hawaiian Electric Industries, citing updated assumptions for the discount rate, revenue growth, profit margin, and future P/E that they view as more closely aligned with the company’s current risk and earnings profile. What's in the News Hawaiian Electric Industries and Hawaiian Electric Company entered into a Derivative Settlement Agreement to resolve previously disclosed stockholder derivative actions in federal and state courts, with a proposed payment of US$100 million funded by the company’s insurers.
PCG
US$16.79
PG&E
7D
-0.2%
1Y
17.4%
EXC
US$45.51
Exelon
7D
2.0%
1Y
4.3%
Narrative Update • Jun 06

EXC: Data Center Demand And Capex Plans Will Face Regulatory Tests

Analysts trimmed the updated price target for Exelon to about $49.33 from $49.56, as a series of recent target cuts across the Street, largely tied to regulatory questions and a more cautious stance on utility valuations, fed into slightly lower fair value and P/E assumptions despite modest tweaks to growth and margin inputs. Analyst Commentary Recent research on Exelon reflects a mix of optimism around long term planning and caution around regulatory and valuation headwinds.
TXNM
US$57.14
TXNM Energy
7D
-3.6%
1Y
0.7%
AEP
US$128.48
American Electric Power Company
7D
0.5%
1Y
24.7%
Narrative Update • Jun 05

AEP: Data Center Driven Capital Plan And PJM Tensions Will Shape Returns

Analysts now see slightly higher long term value for American Electric Power, with the modeled fair value edging up from about $144.29 to $144.52. This reflects updated assumptions around data center driven revenue growth, modest adjustments to profit margin expectations, and a small reset in future P/E targets amid mixed but generally constructive price target revisions across the Street.
FE
US$46.67
FirstEnergy
7D
2.3%
1Y
14.8%
Narrative Update • Jun 04

FE: Customer Focused Investment Plan Will Support A More Attractive Outlook

Analysts have adjusted their price target on FirstEnergy to $52.23 from $53.23, citing updated assumptions around slightly higher expected revenue growth, a modest improvement in profit margins, and a somewhat lower future P/E multiple. What's in the News FirstEnergy reaffirmed its 2026 Core EPS guidance range of $2.62 to $2.82 per share and kept its long term Core EPS CAGR target near the top end of 6% to 8% for 2026 to 2030, according to a recent 8-K filing.