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

U.S. Multi-Utilities Industry Analysis

UpdatedMar 25, 2026
DataAggregated Company Financials
Companies15
  • 7D-3.6%
  • 3M6.0%
  • 1Y12.6%
  • YTDn/a

Over the last 7 days, the Multi-Utilities industry has dropped 3.6%, driven by pullbacks from every company within the industry. In the past year, the industry has gained 13%. As for the next few years, earnings are expected to grow by 12% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 25 Mar 2026US$390.3bUS$147.4bUS$17.5b20.4x22.3x2.6x
Fri, 20 Feb 2026US$398.1bUS$146.1bUS$17.5b21.4x22.8x2.7x
Sun, 18 Jan 2026US$380.4bUS$143.1bUS$17.4b20x21.9x2.7x
Tue, 16 Dec 2025US$365.7bUS$143.1bUS$17.4b19.4x21.1x2.6x
Thu, 13 Nov 2025US$385.3bUS$143.1bUS$17.3b20.3x22.2x2.7x
Sat, 11 Oct 2025US$377.2bUS$138.4bUS$17.1b20.4x22.1x2.7x
Mon, 08 Sep 2025US$359.8bUS$138.4bUS$17.1b19.8x21.1x2.6x
Wed, 06 Aug 2025US$376.8bUS$137.8bUS$17.3b20.5x21.8x2.7x
Fri, 04 Jul 2025US$351.1bUS$135.1bUS$16.8b20.4x20.9x2.6x
Sun, 01 Jun 2025US$357.5bUS$135.1bUS$16.8b20.8x21.3x2.6x
Tue, 29 Apr 2025US$353.7bUS$130.9bUS$15.8b22x22.3x2.7x
Thu, 27 Mar 2025US$343.4bUS$130.3bUS$15.9b22x21.6x2.6x
Sat, 22 Feb 2025US$355.8bUS$130.2bUS$16.3b20.6x21.8x2.7x
Mon, 20 Jan 2025US$344.2bUS$128.9bUS$16.3b19.3x21.1x2.7x
Wed, 18 Dec 2024US$338.6bUS$128.9bUS$16.3b19.3x20.8x2.6x
Fri, 15 Nov 2024US$347.1bUS$128.9bUS$16.3b20.1x21.3x2.7x
Sun, 13 Oct 2024US$339.9bUS$128.0bUS$15.7b19.6x21.6x2.7x
Tue, 10 Sep 2024US$335.2bUS$128.0bUS$15.7b19.4x21.3x2.6x
Thu, 08 Aug 2024US$317.2bUS$128.0bUS$15.7b18.8x20.2x2.5x
Sat, 06 Jul 2024US$295.8bUS$126.7bUS$15.7b17.1x18.8x2.3x
Mon, 03 Jun 2024US$309.3bUS$126.7bUS$15.7b18.1x19.7x2.4x
Wed, 01 May 2024US$295.8bUS$130.9bUS$17.2b18.1x17.2x2.3x
Fri, 29 Mar 2024US$290.6bUS$131.6bUS$17.2b17.1x16.9x2.2x
Sun, 25 Feb 2024US$283.0bUS$132.3bUS$17.3b16.6x16.3x2.1x
Tue, 23 Jan 2024US$275.9bUS$138.1bUS$17.2b16.5x16.1x2x
Thu, 21 Dec 2023US$288.7bUS$138.1bUS$17.2b16.9x16.8x2.1x
Sat, 18 Nov 2023US$283.1bUS$138.1bUS$17.2b17.2x16.5x2x
Mon, 16 Oct 2023US$271.7bUS$141.3bUS$16.6b16.9x16.3x1.9x
Wed, 13 Sep 2023US$290.2bUS$141.3bUS$16.6b18x17.5x2.1x
Fri, 11 Aug 2023US$290.9bUS$140.7bUS$16.5b18.5x17.6x2.1x
Sun, 09 Jul 2023US$299.2bUS$144.0bUS$14.9b19.9x20.1x2.1x
Tue, 06 Jun 2023US$295.5bUS$144.0bUS$14.9b19.8x19.9x2.1x
Thu, 04 May 2023US$312.9bUS$139.6bUS$13.3b21.7x23.5x2.2x
Sat, 01 Apr 2023US$310.0bUS$138.1bUS$12.5b21.1x24.7x2.2x
Price to Earnings Ratio

24.7x


Total Market Cap: US$310.0bTotal Earnings: US$12.5bTotal Revenue: US$138.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Multi-Utilities Industry Price to Earnings3Y Average 20.2x202420252026
Current Industry PE
  • Investors are optimistic on the American Multi-Utilities industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 22.3x which is higher than its 3-year average PE of 20.2x.
  • The industry is trading close to its 3-year average PS ratio of 2.4x.
Past Earnings Growth
  • The earnings for companies in the Multi-Utilities industry have grown 12% per year over the last three years.
  • Revenues for these companies have grown 2.2% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does U.S. Multi-Utilities compare with similar industries?

US Market-2.29%
Utilities-3.51%
Other Utilities-3.63%
Multi-Utilities-3.63%
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
SRE SempraUS$95.320.3%
+US$182.9m		34.7%PE34.7x
UTL UnitilUS$52.411.1%
+US$9.9m		-6.5%PE18.9x

Latest News

D
US$60.66
Dominion Energy
7D
-2.5%
1Y
12.6%

D: Offshore Wind Progress And EPS Guidance Will Support Steady Long-Term Returns

Analysts have inched their price target on Dominion Energy higher to $65.63 from $65.25, citing updated assumptions for revenue growth, profit margin, discount rate and future P/E that slightly adjust the stock's valuation outlook. What's in the News Issued 2026 operating earnings guidance of $3.45 to $3.69 per share, with a midpoint of $3.57 per share that includes $0.07 per share of RNG 45Z income (company guidance).
WEC
US$112.72
WEC Energy Group
7D
-2.7%
1Y
6.5%

WEC: Data Center Capex And Dividend Path Will Shape Future Profile

Analysts have nudged their average price target on WEC Energy Group higher to $123, reflecting updated views on long term earnings potential tied to an expanded capex plan and projected data center driven demand, while overall valuation assumptions, including the discount rate and future P/E, remain largely consistent. Analyst Commentary Recent Street research on WEC Energy Group shows a mix of optimism and caution as analysts update models around earnings visibility, capital spending plans, and data center exposure.
CNP
US$42.07
CenterPoint Energy
7D
-2.7%
1Y
18.4%

CNP: Future Returns Will Hinge On Accelerated Load Timing And Regulatory Outcomes

Analysts have nudged their average price target for CenterPoint Energy up by about $0.88, citing recent Q4 updates around load growth, capex planning, and regulatory developments as key supports for the higher fair value estimate. Analyst Commentary Recent research updates show a cluster of price target increases and one downgrade, giving you a mixed but generally constructive view of how Wall Street is thinking about CenterPoint Energy after Q4.
DTE
US$143.45
DTE Energy
7D
-2.4%
1Y
5.7%

DTE: Future Earnings And Dividend Will Be Balanced By Legal Settlement Risk

Analysts have adjusted their fair value estimate for DTE Energy from $151.50 to about $154.35, reflecting updated views on long term revenue growth, profit margins, and future price-to-earnings assumptions. What's in the News DTE Energy confirmed its 2026 operating EPS guidance range of $7.59 to $7.73, giving investors a reference point for management’s current earnings expectations for that year (company guidance).
SRE
US$95.32
Sempra
7D
0.3%
1Y
34.7%

SRE: Long Term EPS Guidance And Dividend Policy Will Support Future Returns

Analysts have inched their blended fair value estimate for Sempra to about $102.56 per share, up from $101.50, reflecting slightly lower assumed revenue growth alongside a modestly higher profit margin outlook and a small uptick in the future P/E multiple. What's in the News Sempra issued full-year 2027 earnings guidance, with expected EPS in a range of $5.10 to $5.70.
UTL
US$52.41
Unitil
7D
1.1%
1Y
-6.5%

UTL: Higher Dividend And Steady Assumptions Will Support A Stable Outlook

Analysts have kept Unitil's fair value estimate steady at $56.00, reflecting largely unchanged assumptions on discount rate, revenue growth, profit margin, and future P/E. This signals that their overall view on the stock's long term potential remains intact.
CMS
US$75.44
CMS Energy
7D
-2.6%
1Y
2.9%
ED
US$110.03
Consolidated Edison
7D
-3.1%
1Y
2.4%
AEE
US$107.80
Ameren
7D
-2.7%
1Y
9.0%

AEE: Regulatory And Data Center Execution Will Shape Fairly Valued Returns

Ameren's analyst price target has inched higher to $115.69 from $115.38, as analysts fine tune their models with slightly higher revenue growth assumptions, a modestly higher future P/E, and some offset from lower projected profit margins, along with recent Street target increases into the $116 to $127 range. Analyst Commentary Recent Street research on Ameren reflects an active period of target revisions, with several firms adjusting their valuation frameworks around utilities and regulated power names.
PEG
US$81.07
Public Service Enterprise Group
7D
-3.7%
1Y
-0.6%