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U.S. Electric Utilities Industry Analysis

UpdatedMay 27, 2026
DataAggregated Company Financials
Companies31
  • 7D2.3%
  • 3M-5.0%
  • 1Y12.3%
  • YTD3.8%

Over the last 7 days, the Electric Utilities industry has risen 2.3%, driven by gains from Constellation Energy of 16%. This takes the industry's 12 month performance to a gain of 12%. 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
Wed, 27 May 2026US$991.7bUS$355.4bUS$47.4b21.8x20.9x2.8x
Fri, 24 Apr 2026US$988.7bUS$332.6bUS$44.2b21.9x22.3x3x
Sun, 22 Mar 2026US$972.6bUS$332.6bUS$44.2b20.7x22x2.9x
Tue, 17 Feb 2026US$1.0tUS$328.4bUS$44.2b22.4x22.8x3.1x
Thu, 15 Jan 2026US$933.3bUS$324.7bUS$43.5b20.6x21.4x2.9x
Sat, 13 Dec 2025US$923.8bUS$326.2bUS$43.7b20x21.1x2.8x
Mon, 10 Nov 2025US$961.6bUS$326.2bUS$43.7b20.5x22x2.9x
Wed, 08 Oct 2025US$961.3bUS$320.7bUS$40.7b21.3x23.6x3x
Fri, 05 Sep 2025US$875.9bUS$320.7bUS$40.7b20.1x21.5x2.7x
Sun, 03 Aug 2025US$892.5bUS$319.2bUS$40.1b20.6x22.2x2.8x
Tue, 01 Jul 2025US$850.5bUS$316.4bUS$38.5b20.5x22.1x2.7x
Thu, 29 May 2025US$851.9bUS$316.4bUS$38.5b20.7x22.1x2.7x
Sat, 26 Apr 2025US$817.7bUS$310.6bUS$36.6b20.5x22.3x2.6x
Mon, 24 Mar 2025US$816.3bUS$309.3bUS$37.6b20.6x21.7x2.6x
Wed, 19 Feb 2025US$820.9bUS$309.1bUS$38.2b20.6x21.5x2.7x
Fri, 17 Jan 2025US$794.7bUS$310.4bUS$35.8b20.2x22.2x2.6x
Sun, 15 Dec 2024US$812.9bUS$319.1bUS$36.9b20.8x22x2.5x
Tue, 12 Nov 2024US$837.9bUS$319.1bUS$36.9b20.9x22.7x2.6x
Thu, 10 Oct 2024US$844.4bUS$316.7bUS$36.6b19.3x23.1x2.7x
Sat, 07 Sep 2024US$811.5bUS$316.7bUS$36.6b19.7x22.2x2.6x
Mon, 05 Aug 2024US$797.2bUS$315.7bUS$37.9b20.1x21.1x2.5x
Wed, 03 Jul 2024US$722.1bUS$313.6bUS$38.5b17.1x18.8x2.3x
Fri, 31 May 2024US$760.1bUS$314.0bUS$38.5b17.1x19.7x2.4x
Sun, 28 Apr 2024US$705.4bUS$315.0bUS$35.2b18x20x2.2x
Tue, 26 Mar 2024US$679.5bUS$316.8bUS$34.9b17.6x19.4x2.1x
Thu, 22 Feb 2024US$645.9bUS$320.9bUS$31.8b17.9x20.3x2x
Sat, 20 Jan 2024US$645.0bUS$322.4bUS$31.8b18.1x20.3x2x
Mon, 18 Dec 2023US$670.8bUS$322.4bUS$31.8b19x21.1x2.1x
Wed, 15 Nov 2023US$623.5bUS$322.4bUS$31.8b18.6x19.6x1.9x
Fri, 13 Oct 2023US$624.6bUS$325.0bUS$30.5b18.4x20.5x1.9x
Sun, 10 Sep 2023US$659.2bUS$325.0bUS$30.5b18.7x21.6x2x
Tue, 08 Aug 2023US$672.3bUS$325.9bUS$30.9b18.9x21.8x2.1x
Thu, 06 Jul 2023US$701.5bUS$325.6bUS$28.9b18.8x24.2x2.2x
Sat, 03 Jun 2023US$677.9bUS$323.5bUS$28.9b19.3x23.4x2.1x
Price to Earnings Ratio

23.4x


Total Market Cap: US$677.9bTotal Earnings: US$28.9bTotal Revenue: US$323.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electric Utilities Industry Price to Earnings3Y Average 21.7x202420252026
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 21.7x.
  • The 3-year average PS ratio of 2.5x is lower than the industry's current PS ratio of 2.8x.
Past Earnings Growth
  • The earnings for companies in the Electric Utilities industry have grown 18% per year over the last three years.
  • Revenues for these companies have grown 3.2% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the U.S. Utilities industry?

US Market2.46%
Utilities2.56%
Electric Utilities2.29%
Electric Utilities2.29%
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$301.5715.7%
+US$14.8b		-2.4%PE28.7x
NRG NRG EnergyUS$140.4313.5%
+US$3.5b		-10.5%PE172.3x
OKLO OkloUS$68.7022.9%
+US$2.2b		27.5%PB4.5x
EXC ExelonUS$46.033.2%
+US$1.4b		4.8%PE16.9x
AEP American Electric Power CompanyUS$130.901.5%
+US$1.1b		27.2%PE19.5x

Latest News

PPL
US$36.12
PPL
7D
2.5%
1Y
3.6%
XEL
US$80.78
Xcel Energy
7D
1.3%
1Y
15.7%
FE
US$46.64
FirstEnergy
7D
3.5%
1Y
10.8%
NEE
US$87.65
NextEra Energy
7D
-2.7%
1Y
28.8%
CEG
US$301.57
Constellation Energy
7D
15.7%
1Y
-2.4%
OKLO
US$68.70
Oklo
7D
22.9%
1Y
27.5%
NRG
US$140.43
NRG Energy
7D
13.5%
1Y
-10.5%
Narrative Update • May 23

NRG: LS Power Capacity Shift Will Reshape Future Margin And Earnings Mix

Analysts have adjusted the fair value estimate for NRG Energy to $274.77 from $282.66 as they factor in updated sector price targets, mixed revisions across firms, and the impact of the LS Power assets acquisition on growth assumptions and valuation inputs. Analyst Commentary Recent research points to a generally constructive stance on NRG Energy, with several bullish analysts highlighting the LS Power assets acquisition, changes in generation capacity, and shifts in the retail and wholesale mix as key factors in their updated views.
AEP
US$130.90
American Electric Power Company
7D
1.5%
1Y
27.2%
SO
US$94.09
Southern
7D
-0.05%
1Y
4.6%
Seeking Alpha • May 22

Southern Company: Data Center Demand Is Becoming A Long-Term Growth Driver

Summary Southern Company is rated Buy with a $102 target, offering 9% upside as data center-driven electricity demand accelerates revenue growth. Q1 results exceeded expectations: revenue up 8% YoY, adjusted EPS up 7.3% YoY, with data centers boosting wholesale electric sales by 30%. SO's valuation remains attractive; multiples are at or below five-year averages, and the DCF model assumes a 4.61% revenue CAGR and rising margins through 2030. Balance sheet pressure persists from high net debt ($75B, Net Debt/EBITDA 5.17x), but dividends remain robust; key risks include regulatory changes and capex overruns. Read the full article on Seeking Alpha
EXC
US$46.03
Exelon
7D
3.2%
1Y
4.8%