Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Electric Utilities Industry Analysis

UpdatedMay 16, 2026
DataAggregated Company Financials
Companies31
  • 7D-2.6%
  • 3M-5.1%
  • 1Y8.3%
  • YTD1.0%

Over the last 7 days, the Electric Utilities industry has dropped 2.6%, driven by a pullback from Constellation Energy of 12%. This takes the industry's 12 month performance to a gain of 8.3%. As for the next few years, earnings are expected to grow by 11% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 16 May 2026US$994.5bUS$355.3bUS$47.3b20.9x21x2.8x
Mon, 13 Apr 2026US$1.0tUS$332.6bUS$44.2b22.3x23.3x3.1x
Wed, 11 Mar 2026US$1.0tUS$332.6bUS$44.3b21.5x23.2x3.1x
Fri, 06 Feb 2026US$933.4bUS$325.8bUS$43.9b21x21.3x2.9x
Sun, 04 Jan 2026US$924.7bUS$324.7bUS$43.5b19.7x21.2x2.8x
Tue, 02 Dec 2025US$969.6bUS$326.2bUS$43.7b20.5x22.2x3x
Thu, 30 Oct 2025US$971.0bUS$322.3bUS$41.9b21.2x23.2x3x
Sat, 27 Sep 2025US$904.4bUS$320.7bUS$40.7b20.7x22.2x2.8x
Mon, 25 Aug 2025US$900.1bUS$320.7bUS$40.7b20.6x22.1x2.8x
Wed, 23 Jul 2025US$879.0bUS$316.4bUS$38.5b22x22.8x2.8x
Fri, 20 Jun 2025US$838.4bUS$316.4bUS$38.5b20.2x21.8x2.7x
Sun, 18 May 2025US$862.6bUS$316.4bUS$38.5b21x22.4x2.7x
Tue, 15 Apr 2025US$798.1bUS$309.3bUS$38.1b20.3x21x2.6x
Thu, 13 Mar 2025US$809.5bUS$309.3bUS$37.6b20.3x21.5x2.6x
Sat, 08 Feb 2025US$815.6bUS$308.6bUS$35.8b20.2x22.8x2.6x
Mon, 06 Jan 2025US$798.7bUS$310.4bUS$35.8b20.5x22.3x2.6x
Wed, 04 Dec 2024US$851.4bUS$319.1bUS$36.9b21.2x23.1x2.7x
Fri, 01 Nov 2024US$852.6bUS$318.6bUS$37.9b19.8x22.5x2.7x
Sun, 29 Sep 2024US$859.4bUS$316.7bUS$36.6b20x23.5x2.7x
Tue, 27 Aug 2024US$804.6bUS$316.7bUS$36.6b19.4x22x2.5x
Thu, 25 Jul 2024US$752.1bUS$313.9bUS$38.6b18.7x19.5x2.4x
Sat, 22 Jun 2024US$738.9bUS$313.6bUS$38.5b17x19.2x2.4x
Mon, 20 May 2024US$768.4bUS$314.0bUS$38.5b17.7x19.9x2.4x
Wed, 17 Apr 2024US$679.5bUS$316.8bUS$34.9b17.3x19.4x2.1x
Fri, 15 Mar 2024US$671.0bUS$316.8bUS$34.9b17.4x19.2x2.1x
Sun, 11 Feb 2024US$637.8bUS$322.7bUS$31.9b17.3x20x2x
Tue, 09 Jan 2024US$682.0bUS$322.4bUS$31.8b19.5x21.5x2.1x
Thu, 07 Dec 2023US$664.1bUS$322.4bUS$31.8b18.7x20.9x2.1x
Sat, 04 Nov 2023US$650.8bUS$323.1bUS$30.9b18.8x21x2x
Mon, 02 Oct 2023US$618.4bUS$325.0bUS$30.5b18x20.3x1.9x
Wed, 30 Aug 2023US$664.9bUS$325.0bUS$30.5b18.9x21.8x2x
Fri, 28 Jul 2023US$711.8bUS$327.3bUS$30.4b19.2x23.4x2.2x
Sun, 25 Jun 2023US$684.9bUS$325.6bUS$28.9b18.5x23.7x2.1x
Tue, 23 May 2023US$687.8bUS$323.5bUS$28.9b19.2x23.8x2.1x
Price to Earnings Ratio

23.8x


Total Market Cap: US$687.8bTotal 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 Market-0.92%
Utilities-2.19%
Electric Utilities-2.58%
Electric Utilities-2.58%
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$92.550.8%
+US$845.5m		4.3%PE23.9x
NEE NextEra EnergyUS$93.360.3%
+US$542.2m		24.5%PE23.8x
ES Eversource EnergyUS$67.171.0%
+US$248.2m		6.3%PE14.4x
PCG PG&EUS$16.130.4%
+US$132.1m		-9.7%PE12.5x
EIX Edison InternationalUS$69.160.3%
+US$80.8m		18.0%PE7.5x

Latest News

ES
US$67.17
Eversource Energy
7D
1.0%
1Y
6.3%
PPL
US$34.88
PPL
7D
-2.9%
1Y
0.06%
AEP
US$125.15
American Electric Power Company
7D
-3.8%
1Y
21.5%
ETR
US$109.03
Entergy
7D
-2.3%
1Y
31.1%
OKLO
US$62.25
Oklo
7D
-14.1%
1Y
65.0%
CEG
US$267.20
Constellation Energy
7D
-12.0%
1Y
-8.2%
Narrative Update • May 14

CEG: PJM Reforms And 2026 Contracting Acceleration Will Support Future Upside

Analysts have trimmed the fair value estimate for Constellation Energy to $441 from $465.80, citing more cautious assumptions on revenue growth, profit margins and a slightly higher discount rate, even though longer term P/E expectations remain broadly in line with prior views. Analyst Commentary Recent Street research on Constellation Energy has centered on recalibrated price targets, with most adjustments reflecting more conservative modeling rather than a wholesale shift in long term views.
DUK
US$120.95
Duke Energy
7D
-2.6%
1Y
4.0%
NRG
US$127.81
NRG Energy
7D
-7.5%
1Y
-19.7%
XEL
US$77.92
Xcel Energy
7D
-1.9%
1Y
7.7%
NEE
US$93.36
NextEra Energy
7D
0.3%
1Y
24.5%
SO
US$92.55
Southern
7D
0.8%
1Y
4.3%
Narrative Update • May 10

SO: Fair Outlook Will Weigh Dividend Support Against Dam Safety Progress

Analysts have trimmed their price target on Southern to $101.71 from $101.87 as small shifts in the discount rate, revenue growth assumptions, profit margin outlook, and future P/E estimates narrow their view of the upside from here. What's in the News Southern Company announced a regular quarterly dividend of $0.76 per share on its common stock, payable June 8, 2026, to shareholders of record as of May 18, 2026, with the annualized dividend rate set at $3.04 per share (Key Developments).
EIX
US$69.16
Edison International
7D
0.3%
1Y
18.0%
Narrative Update • May 09

EIX: Wildfire Reform And Eaton Fire Litigation Will Pressure Future Returns

Analysts have adjusted the Edison International fair value estimate from $55.80 to $62.00, reflecting recent shifts in price targets and updated views on earnings visibility, wildfire related risks, and expected valuation multiples across the sector. Analyst Commentary Recent Street research on Edison International shows a mixed backdrop, with several firms adjusting price targets and ratings as they reassess wildfire exposure, regulatory outcomes, and earnings visibility.
MGEE
US$74.39
MGE Energy
7D
1.0%
1Y
-19.7%
TXNM
US$59.25
TXNM Energy
7D
0.4%
1Y
12.0%
PCG
US$16.13
PG&E
7D
0.4%
1Y
-9.7%
Narrative Update • Apr 29

PCG: Wildfire Policy Reform And Liability Reduction Will Drive Future Repricing

Narrative Update The analyst price target for PG&E is nudged higher to $22.84 from $22.63, as analysts factor in updated assumptions around revenue growth, profitability, and future P/E multiples, along with a series of recent target raises and a new bullish initiation. Analyst Commentary Recent research on PG&E shows a mix of optimism around risk reduction and earnings potential, alongside ongoing caution about regulatory outcomes and valuation.