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U.S. Multi-Utilities Industry Analysis

UpdatedFeb 06, 2026
DataAggregated Company Financials
Companies15
  • 7D0.9%
  • 3M0.009%
  • 1Y10.0%
  • YTDn/a

Over the last 7 days, the Multi-Utilities industry has risen 1.1%, driven by gains from Dominion Energy of 2.8%. This takes the industry's 12 month performance to a gain of 9.9%. 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
Fri, 06 Feb 2026US$382.7bUS$144.0bUS$17.5b20.5x21.9x2.7x
Sun, 04 Jan 2026US$370.8bUS$143.1bUS$17.4b19.4x21.4x2.6x
Tue, 02 Dec 2025US$388.1bUS$143.1bUS$17.4b19.9x22.4x2.7x
Thu, 30 Oct 2025US$378.3bUS$138.5bUS$17.2b20.2x22x2.7x
Sat, 27 Sep 2025US$367.2bUS$138.4bUS$17.1b20.7x21.5x2.7x
Mon, 25 Aug 2025US$370.1bUS$138.4bUS$17.1b20.7x21.7x2.7x
Wed, 23 Jul 2025US$361.4bUS$135.1bUS$16.8b21.6x21.5x2.7x
Fri, 20 Jun 2025US$346.6bUS$135.1bUS$16.8b20.3x20.6x2.6x
Sun, 18 May 2025US$355.8bUS$135.1bUS$16.8b20.9x21.2x2.6x
Tue, 15 Apr 2025US$344.3bUS$130.3bUS$15.9b22.1x21.7x2.6x
Thu, 13 Mar 2025US$341.6bUS$130.3bUS$15.9b21.4x21.5x2.6x
Sat, 08 Feb 2025US$342.0bUS$129.5bUS$16.7b20.1x20.4x2.6x
Mon, 06 Jan 2025US$337.6bUS$128.9bUS$16.3b19.2x20.7x2.6x
Wed, 04 Dec 2024US$355.5bUS$128.9bUS$16.3b20.3x21.8x2.8x
Fri, 01 Nov 2024US$345.4bUS$128.0bUS$15.8b19.8x21.8x2.7x
Sun, 29 Sep 2024US$343.9bUS$128.0bUS$15.7b19.8x21.9x2.7x
Tue, 27 Aug 2024US$329.8bUS$128.0bUS$15.7b19.2x21x2.6x
Thu, 25 Jul 2024US$307.5bUS$126.7bUS$15.7b19.3x19.6x2.4x
Sat, 22 Jun 2024US$297.7bUS$126.7bUS$15.7b17.3x19x2.4x
Mon, 20 May 2024US$312.7bUS$126.7bUS$15.7b18.7x19.9x2.5x
Wed, 17 Apr 2024US$280.8bUS$131.6bUS$17.2b16.3x16.3x2.1x
Fri, 15 Mar 2024US$286.5bUS$131.6bUS$17.2b16.5x16.6x2.2x
Sun, 11 Feb 2024US$273.8bUS$137.4bUS$17.4b15.7x15.7x2x
Tue, 09 Jan 2024US$293.3bUS$138.1bUS$17.2b17.7x17.1x2.1x
Thu, 07 Dec 2023US$287.5bUS$138.1bUS$17.2b17.9x16.7x2.1x
Sat, 04 Nov 2023US$279.6bUS$138.4bUS$17.1b16.7x16.3x2x
Mon, 02 Oct 2023US$269.5bUS$141.3bUS$16.6b16.6x16.2x1.9x
Wed, 30 Aug 2023US$288.9bUS$141.3bUS$16.6b17.8x17.4x2x
Fri, 28 Jul 2023US$313.0bUS$143.9bUS$14.8b21.1x21.1x2.2x
Sun, 25 Jun 2023US$295.8bUS$144.0bUS$14.9b19.5x19.9x2.1x
Tue, 23 May 2023US$301.7bUS$144.0bUS$14.9b20.1x20.3x2.1x
Thu, 20 Apr 2023US$318.3bUS$138.1bUS$12.5b21.7x25.4x2.3x
Sat, 18 Mar 2023US$303.2bUS$138.1bUS$12.6b20.7x24.1x2.2x
Mon, 13 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 3-year average PS ratio of 2.4x is lower than the industry's current PS ratio of 2.7x.
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-2.98%
Utilities-0.76%
Other Utilities0.95%
Multi-Utilities0.95%
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
D Dominion EnergyUS$62.522.8%
+US$1.4b		15.0%PE20.5x
ED Consolidated EdisonUS$108.872.7%
+US$1.1b		14.1%PE19.3x
CMS CMS EnergyUS$72.862.8%
+US$596.5m		6.6%PE21.4x
WEC WEC Energy GroupUS$111.941.4%
+US$497.7m		11.1%PE21.5x
CNP CenterPoint EnergyUS$40.221.6%
+US$411.3m		24.0%PE25.3x

Latest News

DTE
US$136.14
DTE Energy
7D
1.3%
1Y
11.1%
WEC
US$111.94
WEC Energy Group
7D
1.4%
1Y
11.1%
CMS
US$72.86
CMS Energy
7D
2.8%
1Y
6.6%
NI
US$43.93
NiSource
7D
-1.6%
1Y
15.0%

NI: Future Dividend Profile And P/E Assumptions Will Support Balanced Return Potential

Analysts have increased their price target for NiSource slightly to US$46.75 from about US$46.27, citing updated assumptions around revenue growth, profit margins, and future P/E expectations. What's in the News The board of directors declared a quarterly common stock dividend of US$0.30 per share for NiSource, scheduled to be paid on February 20, 2026, to shareholders of record as of February 3, 2026 (Key Developments).
PEG
US$79.79
Public Service Enterprise Group
7D
-2.7%
1Y
-4.9%
ED
US$108.87
Consolidated Edison
7D
2.7%
1Y
14.1%

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
NWE
US$69.84
NorthWestern Energy Group
7D
3.3%
1Y
30.4%
SRE
US$86.66
Sempra
7D
-0.5%
1Y
5.6%
D
US$62.52
Dominion Energy
7D
2.8%
1Y
15.0%

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

Jan 29
Dominion Energy (NYSE:D) Has Affirmed Its Dividend Of $0.6675
AEE
US$104.81
Ameren
7D
1.0%
1Y
8.3%

AEE: Balanced Outlook As Regulatory Outcomes And EPS Guidance Shape Future Returns

Narrative Update Overview The Ameren analyst price target edges slightly lower to about $111.23 from $111.62 as analysts factor in modest tweaks to long term fair value, discount rate, growth, margin and future P/E assumptions. Recent target moves across firms reflect a mix of cautious and constructive views on the stock.
CNP
US$40.22
CenterPoint Energy
7D
1.6%
1Y
24.0%

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.