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U.S. Multi-Utilities Industry Analysis

UpdatedJul 30, 2026
DataAggregated Company Financials
Companies16
  • 7D-1.7%
  • 3M-1.4%
  • 1Y8.6%
  • YTDn/a

The Multi-Utilities industry has gained 1.6% in the last week and CenterPoint Energy up 3.2%. This means that the industry has gained 9.8% over the past year. Earnings are forecast to grow by 6.0% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 30 Jul 2026US$408.3bUS$151.8bUS$17.9b22.1x22.9x2.7x
Sat, 27 Jun 2026US$412.7bUS$151.6bUS$17.8b22.2x23.1x2.7x
Mon, 25 May 2026US$404.5bUS$151.6bUS$17.8b21x22.7x2.7x
Wed, 22 Apr 2026US$401.2bUS$147.4bUS$17.5b20.9x22.9x2.7x
Fri, 20 Mar 2026US$403.4bUS$147.4bUS$17.5b21x23x2.7x
Sun, 15 Feb 2026US$407.1bUS$145.1bUS$17.4b21.8x23.4x2.8x
Tue, 13 Jan 2026US$365.8bUS$143.1bUS$17.4b19.2x21.1x2.6x
Thu, 11 Dec 2025US$365.6bUS$143.1bUS$17.4b19x21.1x2.6x
Sat, 08 Nov 2025US$428.5bUS$142.4bUS$17.1b20.6x25.1x3x
Mon, 06 Oct 2025US$377.7bUS$138.4bUS$17.1b20.7x22.1x2.7x
Wed, 03 Sep 2025US$363.5bUS$138.4bUS$17.1b20.3x21.3x2.6x
Fri, 01 Aug 2025US$366.4bUS$136.0bUS$16.7b21.1x21.9x2.7x
Sun, 29 Jun 2025US$349.6bUS$135.1bUS$16.8b20.2x20.8x2.6x
Tue, 27 May 2025US$354.5bUS$135.1bUS$16.8b20.6x21.1x2.6x
Thu, 24 Apr 2025US$354.6bUS$130.3bUS$15.9b22.3x22.3x2.7x
Sat, 22 Mar 2025US$350.6bUS$130.3bUS$15.9b22.1x22.1x2.7x
Mon, 17 Feb 2025US$348.1bUS$130.1bUS$16.3b20.5x21.4x2.7x
Wed, 15 Jan 2025US$329.6bUS$128.9bUS$16.3b18.7x20.2x2.6x
Fri, 13 Dec 2024US$339.8bUS$128.9bUS$16.3b19.4x20.8x2.6x
Sun, 10 Nov 2024US$346.8bUS$128.9bUS$16.3b20.3x21.3x2.7x
Tue, 08 Oct 2024US$347.0bUS$128.0bUS$15.7b19.5x22.1x2.7x
Thu, 05 Sep 2024US$332.8bUS$128.0bUS$15.7b19.5x21.2x2.6x
Sat, 03 Aug 2024US$326.5bUS$128.3bUS$15.6b19.3x21x2.5x
Mon, 01 Jul 2024US$297.3bUS$126.7bUS$15.7b17.3x18.9x2.3x
Wed, 29 May 2024US$304.6bUS$126.7bUS$15.7b17.8x19.4x2.4x
Fri, 26 Apr 2024US$296.1bUS$130.9bUS$17.2b18.1x17.2x2.3x
Sun, 24 Mar 2024US$285.6bUS$131.6bUS$17.2b16.6x16.6x2.2x
Tue, 20 Feb 2024US$277.8bUS$136.8bUS$17.6b16x15.8x2x
Thu, 18 Jan 2024US$280.4bUS$138.1bUS$17.2b16.5x16.3x2x
Sat, 16 Dec 2023US$287.7bUS$138.1bUS$17.2b17.3x16.7x2.1x
Mon, 13 Nov 2023US$274.5bUS$138.1bUS$17.2b16.4x16x2x
Wed, 11 Oct 2023US$271.2bUS$141.3bUS$16.6b17x16.3x1.9x
Fri, 08 Sep 2023US$281.2bUS$141.3bUS$16.6b17.3x16.9x2x
Sun, 06 Aug 2023US$290.1bUS$141.3bUS$16.6b18.5x17.5x2.1x
Price to Earnings Ratio

17.5x


Total Market Cap: US$290.1bTotal Earnings: US$16.6bTotal Revenue: US$141.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Multi-Utilities Industry Price to Earnings3Y Average 20.3x202420252026
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 22.9x which is higher than its 3-year average PE of 20.3x.
  • The industry is trading close to its 3-year average PS ratio of 2.5x.
Past Earnings Growth
  • The earnings for companies in the Multi-Utilities industry have grown 2.4% per year over the last three years.
  • Revenues for these companies have grown 2.4% 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-2.63%
Utilities-2.74%
Other Utilities-1.70%
Multi-Utilities-1.70%
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
CMS CMS EnergyUS$74.360.5%
+US$117.4m		3.0%PE22.6x
ED Consolidated EdisonUS$112.250.1%
+US$59.0m		9.4%PE19.2x

Latest News

SRE
US$88.82
Sempra
7D
-4.5%
1Y
9.4%
CNP
US$42.93
CenterPoint Energy
7D
-1.7%
1Y
11.6%
DTE
US$143.52
DTE Energy
7D
-3.4%
1Y
6.0%
WEC
US$111.29
WEC Energy Group
7D
-1.9%
1Y
2.7%
Seeking Alpha • Jul 29

Swapping Dominion For WEC Energy Group

Summary WEC Energy Group is now favored over Dominion due to a more attractive risk/reward profile and misunderstood regulatory developments. Dominion's merger arbitrage with NextEra Energy has largely played out, with valuation now in line with peers. The Wisconsin VLC Tariff, while strict, accelerates data center approvals and secures high-return, long-term contracts for WEC, supporting robust load and earnings growth. WEC targets 8% annual earnings growth and a 3.4% dividend yield, offering an 11.4% total return potential with below-average risk for a large-cap utility. Read the full article on Seeking Alpha
D
US$70.55
Dominion Energy
7D
-0.8%
1Y
21.1%
CMS
US$74.36
CMS Energy
7D
0.5%
1Y
3.0%
AEE
US$109.97
Ameren
7D
-1.8%
1Y
10.1%
NI
US$44.81
NiSource
7D
-3.8%
1Y
5.5%
PEG
US$77.75
Public Service Enterprise Group
7D
-2.3%
1Y
-12.5%
ED
US$112.25
Consolidated Edison
7D
0.1%
1Y
9.4%