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U.S. Multi-Utilities Industry Analysis

UpdatedFeb 28, 2026
DataAggregated Company Financials
Companies15
  • 7D1.0%
  • 3M4.7%
  • 1Y15.0%
  • YTDn/a

In the last week, the Multi-Utilities industry is up 1.0%, with Sempra up 2.9%. In the last 12 months, the industry was up 15%. As for the next few years, earnings are expected to grow by 11% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 28 Feb 2026US$406.6bUS$147.4bUS$17.6b21.5x23.1x2.8x
Mon, 26 Jan 2026US$372.2bUS$143.1bUS$17.4b19.6x21.5x2.6x
Wed, 24 Dec 2025US$365.0bUS$143.1bUS$17.4b19.3x21x2.6x
Fri, 21 Nov 2025US$377.5bUS$143.1bUS$17.4b19.9x21.8x2.6x
Sun, 19 Oct 2025US$382.5bUS$138.4bUS$17.1b21.4x22.4x2.8x
Tue, 16 Sep 2025US$365.4bUS$138.4bUS$17.1b20.4x21.4x2.6x
Thu, 14 Aug 2025US$371.5bUS$138.4bUS$17.1b20.8x21.8x2.7x
Sat, 12 Jul 2025US$349.9bUS$135.1bUS$16.8b20.7x20.8x2.6x
Mon, 09 Jun 2025US$352.1bUS$135.1bUS$16.8b20.7x21x2.6x
Wed, 07 May 2025US$356.5bUS$134.4bUS$16.5b21.4x21.5x2.7x
Fri, 04 Apr 2025US$358.3bUS$130.3bUS$15.9b22.6x22.6x2.7x
Sun, 02 Mar 2025US$349.7bUS$130.3bUS$16.0b22x21.9x2.7x
Tue, 28 Jan 2025US$338.5bUS$128.9bUS$16.3b18.8x20.8x2.6x
Thu, 26 Dec 2024US$338.5bUS$128.9bUS$16.3b19.3x20.8x2.6x
Sat, 23 Nov 2024US$359.3bUS$128.9bUS$16.3b20.7x22x2.8x
Mon, 21 Oct 2024US$353.7bUS$128.0bUS$15.7b20.2x22.5x2.8x
Wed, 18 Sep 2024US$342.2bUS$128.0bUS$15.7b19.8x21.8x2.7x
Fri, 16 Aug 2024US$323.0bUS$128.0bUS$15.7b18.9x20.5x2.5x
Sun, 14 Jul 2024US$307.5bUS$126.7bUS$15.7b18.4x19.6x2.4x
Tue, 11 Jun 2024US$300.6bUS$126.7bUS$15.7b17.7x19.2x2.4x
Thu, 09 May 2024US$305.2bUS$126.8bUS$15.7b18.7x19.5x2.4x
Sat, 06 Apr 2024US$288.6bUS$131.6bUS$17.2b16.8x16.8x2.2x
Mon, 04 Mar 2024US$278.4bUS$131.6bUS$17.2b16.5x16.1x2.1x
Wed, 31 Jan 2024US$278.2bUS$138.1bUS$17.2b16.6x16.2x2x
Fri, 29 Dec 2023US$285.4bUS$138.1bUS$17.2b17.2x16.6x2.1x
Sun, 26 Nov 2023US$285.3bUS$138.1bUS$17.2b17.5x16.6x2.1x
Tue, 24 Oct 2023US$262.7bUS$141.3bUS$16.6b16.5x15.8x1.9x
Thu, 21 Sep 2023US$289.9bUS$141.3bUS$16.6b17.8x17.4x2.1x
Sat, 19 Aug 2023US$284.5bUS$141.3bUS$16.6b17.8x17.1x2x
Mon, 17 Jul 2023US$305.7bUS$144.0bUS$14.9b20.6x20.6x2.1x
Wed, 14 Jun 2023US$301.9bUS$144.0bUS$14.9b20x20.3x2.1x
Fri, 12 May 2023US$313.8bUS$144.0bUS$14.9b21.1x21.1x2.2x
Sun, 09 Apr 2023US$319.8bUS$138.1bUS$12.5b22x25.5x2.3x
Tue, 07 Mar 2023US$303.7bUS$138.1bUS$12.6b20.5x24.2x2.2x
Price to Earnings Ratio

24.2x


Total Market Cap: US$303.7bTotal Earnings: US$12.6bTotal 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 23.1x which is higher than its 3-year average PE of 20.2x.
  • The 3-year average PS ratio of 2.4x is lower than the industry's current PS ratio of 2.8x.
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-0.67%
Utilities2.57%
Other Utilities1.03%
Multi-Utilities1.03%
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$96.272.9%
+US$1.8b		34.5%PE34.8x
ED Consolidated EdisonUS$112.522.5%
+US$985.2m		10.8%PE20.1x
AEE AmerenUS$113.282.9%
+US$892.9m		11.5%PE21.5x
WEC WEC Energy GroupUS$116.962.3%
+US$852.9m		9.6%PE24.4x
CMS CMS EnergyUS$78.072.9%
+US$677.2m		6.9%PE22.5x

Latest News

SRE
US$96.27
Sempra
7D
2.9%
1Y
34.5%
WEC
US$116.96
WEC Energy Group
7D
2.3%
1Y
9.6%
CMS
US$78.07
CMS Energy
7D
2.9%
1Y
6.9%

CMS: Future Risk Reward Will Hinge On Earnings Execution And Dividend Policy

The analyst price target for CMS Energy in our framework has moved slightly higher to about $78.85 from $78.08, reflecting a series of updated Street targets around $79 to $80 as analysts factor in recent sector revisions, as well as their views on upcoming earnings and data center exposure. Analyst Commentary Street research on CMS Energy has centered on a cluster of target revisions in a relatively tight US$74 to US$80 range, as firms refresh their views ahead of upcoming earnings and reassess the sector.
AEE
US$113.28
Ameren
7D
2.9%
1Y
11.5%
AVA
US$40.62
Avista
7D
-4.0%
1Y
1.6%

AVA: Resource Plan And Storage Additions Will Support Balanced Dividend Outlook

Analysts have maintained their $40.60 price target on Avista, citing updated assumptions for slightly higher revenue growth, a marginally stronger profit margin, and a modestly higher future P/E as the main factors supporting their reaffirmed view. What's in the News The board has declared a quarterly dividend of $0.4925 per share on common stock, implying an annualized dividend of $1.97.
ED
US$112.52
Consolidated Edison
7D
2.5%
1Y
10.8%
CNP
US$43.50
CenterPoint Energy
7D
1.2%
1Y
26.5%
D
US$63.14
Dominion Energy
7D
-4.3%
1Y
11.5%
DTE
US$148.24
DTE Energy
7D
2.2%
1Y
10.9%

DTE: Future Earnings And Dividend Will Be Balanced By Equity Offering

Analysts have adjusted their price target on DTE Energy to $151.50 from $147.35. The change reflects updated views on fair value, revenue growth assumptions, profit margins and future P/E expectations.
NI
US$47.30
NiSource
7D
2.0%
1Y
15.9%

NI: Future Dividend Increase And Refined P/E Assumptions Will Support Balanced Returns

Analysts have raised their price target on NiSource slightly to about $47.85 from $46.75, reflecting updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E. What's in the News The board of directors declared a quarterly common stock dividend of $0.30 per share for NiSource.