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U.S. Multi-Utilities Industry Analysis

UpdatedFeb 04, 2026
DataAggregated Company Financials
Companies15
  • 7D0.7%
  • 3M2.1%
  • 1Y10.9%
  • YTDn/a

In the last week, Multi-Utilities has been flat. As for the the longer term, the industry is up 8.0% over the past 12 months. As for the next few years, earnings are expected to grow by 10% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 04 Feb 2026US$375.9bUS$144.0bUS$17.5b20.1x21.5x2.6x
Fri, 02 Jan 2026US$367.4bUS$143.1bUS$17.4b19.3x21.2x2.6x
Sun, 30 Nov 2025US$388.1bUS$143.1bUS$17.4b20.5x22.4x2.7x
Tue, 28 Oct 2025US$382.5bUS$138.5bUS$17.2b21x22.3x2.8x
Thu, 25 Sep 2025US$369.4bUS$138.4bUS$17.1b20.8x21.6x2.7x
Sat, 23 Aug 2025US$367.0bUS$138.4bUS$17.1b20.7x21.5x2.7x
Mon, 21 Jul 2025US$359.8bUS$135.1bUS$16.8b21.1x21.4x2.7x
Wed, 18 Jun 2025US$347.8bUS$135.1bUS$16.8b20.4x20.7x2.6x
Fri, 16 May 2025US$343.7bUS$135.1bUS$16.8b20.6x20.5x2.5x
Sun, 13 Apr 2025US$344.2bUS$130.3bUS$15.9b21.6x21.7x2.6x
Tue, 11 Mar 2025US$342.9bUS$130.3bUS$15.9b22x21.6x2.6x
Thu, 06 Feb 2025US$338.1bUS$129.5bUS$16.8b19.3x20.2x2.6x
Sat, 04 Jan 2025US$336.1bUS$128.9bUS$16.3b19.2x20.6x2.6x
Mon, 02 Dec 2024US$361.9bUS$128.9bUS$16.3b20.6x22.2x2.8x
Wed, 30 Oct 2024US$350.6bUS$128.0bUS$15.8b19.8x22.2x2.7x
Fri, 27 Sep 2024US$341.6bUS$128.0bUS$15.7b19.6x21.7x2.7x
Sun, 25 Aug 2024US$329.8bUS$128.0bUS$15.7b19.1x21x2.6x
Tue, 23 Jul 2024US$307.4bUS$126.7bUS$15.7b19.1x19.6x2.4x
Thu, 20 Jun 2024US$295.7bUS$126.7bUS$15.7b17.3x18.8x2.3x
Sat, 18 May 2024US$311.8bUS$126.7bUS$15.7b18.7x19.9x2.5x
Mon, 15 Apr 2024US$282.8bUS$131.6bUS$17.2b16.6x16.4x2.1x
Wed, 13 Mar 2024US$290.7bUS$131.6bUS$17.2b16.7x16.9x2.2x
Fri, 09 Feb 2024US$274.3bUS$137.4bUS$17.4b15.5x15.8x2x
Sun, 07 Jan 2024US$293.3bUS$138.1bUS$17.2b17.5x17.1x2.1x
Tue, 05 Dec 2023US$287.6bUS$138.1bUS$17.2b17.7x16.7x2.1x
Thu, 02 Nov 2023US$268.8bUS$141.8bUS$16.8b16.9x16x1.9x
Sat, 30 Sep 2023US$268.2bUS$141.3bUS$16.6b16.6x16.1x1.9x
Mon, 28 Aug 2023US$287.2bUS$141.3bUS$16.6b17.7x17.3x2x
Wed, 26 Jul 2023US$312.7bUS$143.9bUS$14.8b21x21.1x2.2x
Fri, 23 Jun 2023US$304.2bUS$144.0bUS$14.9b19.9x20.5x2.1x
Sun, 21 May 2023US$301.5bUS$144.0bUS$14.9b20.2x20.3x2.1x
Tue, 18 Apr 2023US$318.2bUS$138.1bUS$12.5b21.6x25.4x2.3x
Thu, 16 Mar 2023US$304.5bUS$138.1bUS$12.6b20.8x24.3x2.2x
Sat, 11 Feb 2023US$310.0bUS$136.6bUS$12.3b20.9x25.2x2.3x
Price to Earnings Ratio

25.2x


Total Market Cap: US$310.0bTotal Earnings: US$12.3bTotal Revenue: US$136.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Multi-Utilities Industry Price to Earnings3Y Average 20.2x202420252026
Current Industry PE
  • Investors are relatively neutral on the American Multi-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 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, 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 Comparison

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

US Market-1.35%
Utilities-0.43%
Other Utilities0.73%
Multi-Utilities0.73%
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
ED Consolidated EdisonUS$107.452.0%
+US$758.0m		13.2%PE19x
WEC WEC Energy GroupUS$112.261.7%
+US$621.3m		13.1%PE21.6x
PEG Public Service Enterprise GroupUS$81.561.4%
+US$569.0m		-2.2%PE19.6x
D Dominion EnergyUS$61.430.5%
+US$256.2m		13.8%PE20.1x
CNP CenterPoint EnergyUS$40.190.9%
+US$235.0m		25.0%PE25.3x

Latest News

PEG
US$81.56
Public Service Enterprise Group
7D
1.4%
1Y
-2.2%
ED
US$107.45
Consolidated Edison
7D
2.0%
1Y
13.2%

Consolidated Edison (NYSE:ED) Will Pay A Larger Dividend Than Last Year At $0.8875

Jan 31
Consolidated Edison (NYSE:ED) Will Pay A Larger Dividend Than Last Year At $0.8875
DTE
US$135.67
DTE Energy
7D
-0.7%
1Y
12.4%
NWE
US$69.31
NorthWestern Energy Group
7D
2.8%
1Y
29.5%
SRE
US$87.00
Sempra
7D
-0.1%
1Y
6.8%
NI
US$43.96
NiSource
7D
-1.0%
1Y
17.6%

NiSource (NYSE:NI) Is Paying Out A Larger Dividend Than Last Year

Jan 29
NiSource (NYSE:NI) Is Paying Out A Larger Dividend Than Last Year
D
US$61.43
Dominion Energy
7D
0.5%
1Y
13.8%

Dominion Energy (NYSE:D) Has Affirmed Its Dividend Of $0.6675

Jan 29
Dominion Energy (NYSE:D) Has Affirmed Its Dividend Of $0.6675
BKH
US$74.04
Black Hills
7D
0.6%
1Y
25.1%

Black Hills' (NYSE:BKH) Upcoming Dividend Will Be Larger Than Last Year's

Jan 29
Black Hills' (NYSE:BKH) Upcoming Dividend Will Be Larger Than Last Year's
CMS
US$71.80
CMS Energy
7D
-0.3%
1Y
8.5%

CMS: Constructive Regulation And Execution Risks Will Shape Future Risk Reward Balance

Analysts have adjusted their price target on CMS Energy to reflect a modest change in fair value to about $77 and a slightly lower assumed future P/E, citing a mix of updated views from recent research, including a $3 increase at one firm and an $8 reduction at another. Analyst Commentary Recent research on CMS Energy reflects a split view on how the current share price lines up with the new fair value estimate of about $77 and the slightly lower assumed future P/E.
AVA
US$42.27
Avista
7D
3.2%
1Y
15.0%

AVA: Resource Plan And Storage Projects Will Support Steady Outlook

Analysts have adjusted their price target on Avista to reflect updated assumptions around revenue growth, profit margins, and a slightly higher discount rate. However, their view of fair value per share remains broadly aligned with earlier estimates.
WEC
US$112.26
WEC Energy Group
7D
1.7%
1Y
13.1%

WEC: Premium Position Will Depend On Dividend Path And Equity Issuance Execution

Analysts have modestly reduced their price expectations for WEC Energy Group, trimming the fair value estimate by about US$0.88 to US$120.21. This change reflects a balance between slightly higher revenue growth assumptions and marginally lower profit margin and future P/E inputs following recent mixed target moves from major banks.
CNP
US$40.19
CenterPoint Energy
7D
0.9%
1Y
25.0%

CNP: Fair Valuation Balances Industrial Demand And Data Center Infrastructure Plans

Narrative Update Overview Analysts have nudged their price targets for CenterPoint Energy higher by a few dollars. This reflects a view that slightly lower revenue growth expectations are balanced by a modestly stronger profit margin profile and supportive sector research from multiple firms.