U.S. Multi-Utilities Industry Analysis

Industry Valuation and Performance

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

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Mon, 25 May 2026	US$404.5b	US$151.6b	US$17.8b	21x	22.7x	2.7x
Wed, 22 Apr 2026	US$401.2b	US$147.4b	US$17.5b	20.9x	22.9x	2.7x
Fri, 20 Mar 2026	US$403.4b	US$147.4b	US$17.5b	21x	23x	2.7x
Sun, 15 Feb 2026	US$407.1b	US$145.1b	US$17.4b	21.8x	23.4x	2.8x
Tue, 13 Jan 2026	US$365.8b	US$143.1b	US$17.4b	19.2x	21.1x	2.6x
Thu, 11 Dec 2025	US$365.6b	US$143.1b	US$17.4b	19x	21.1x	2.6x
Sat, 08 Nov 2025	US$428.5b	US$142.4b	US$17.1b	20.6x	25.1x	3x
Mon, 06 Oct 2025	US$377.7b	US$138.4b	US$17.1b	20.7x	22.1x	2.7x
Wed, 03 Sep 2025	US$363.5b	US$138.4b	US$17.1b	20.3x	21.3x	2.6x
Fri, 01 Aug 2025	US$366.4b	US$136.0b	US$16.7b	21.1x	21.9x	2.7x
Sun, 29 Jun 2025	US$349.6b	US$135.1b	US$16.8b	20.2x	20.8x	2.6x
Tue, 27 May 2025	US$354.5b	US$135.1b	US$16.8b	20.6x	21.1x	2.6x
Thu, 24 Apr 2025	US$354.6b	US$130.3b	US$15.9b	22.3x	22.3x	2.7x
Sat, 22 Mar 2025	US$350.6b	US$130.3b	US$15.9b	22.1x	22.1x	2.7x
Mon, 17 Feb 2025	US$348.1b	US$130.1b	US$16.3b	20.5x	21.4x	2.7x
Wed, 15 Jan 2025	US$329.6b	US$128.9b	US$16.3b	18.7x	20.2x	2.6x
Fri, 13 Dec 2024	US$339.8b	US$128.9b	US$16.3b	19.4x	20.8x	2.6x
Sun, 10 Nov 2024	US$346.8b	US$128.9b	US$16.3b	20.3x	21.3x	2.7x
Tue, 08 Oct 2024	US$347.0b	US$128.0b	US$15.7b	19.5x	22.1x	2.7x
Thu, 05 Sep 2024	US$332.8b	US$128.0b	US$15.7b	19.5x	21.2x	2.6x
Sat, 03 Aug 2024	US$326.5b	US$128.3b	US$15.6b	19.3x	21x	2.5x
Mon, 01 Jul 2024	US$297.3b	US$126.7b	US$15.7b	17.3x	18.9x	2.3x
Wed, 29 May 2024	US$304.6b	US$126.7b	US$15.7b	17.8x	19.4x	2.4x
Fri, 26 Apr 2024	US$296.1b	US$130.9b	US$17.2b	18.1x	17.2x	2.3x
Sun, 24 Mar 2024	US$285.6b	US$131.6b	US$17.2b	16.6x	16.6x	2.2x
Tue, 20 Feb 2024	US$277.8b	US$136.8b	US$17.6b	16x	15.8x	2x
Thu, 18 Jan 2024	US$280.4b	US$138.1b	US$17.2b	16.5x	16.3x	2x
Sat, 16 Dec 2023	US$287.7b	US$138.1b	US$17.2b	17.3x	16.7x	2.1x
Mon, 13 Nov 2023	US$274.5b	US$138.1b	US$17.2b	16.4x	16x	2x
Wed, 11 Oct 2023	US$271.2b	US$141.3b	US$16.6b	17x	16.3x	1.9x
Fri, 08 Sep 2023	US$281.2b	US$141.3b	US$16.6b	17.3x	16.9x	2x
Sun, 06 Aug 2023	US$290.1b	US$141.3b	US$16.6b	18.5x	17.5x	2.1x
Tue, 04 Jul 2023	US$301.1b	US$144.0b	US$14.9b	20x	20.3x	2.1x
Thu, 01 Jun 2023	US$294.3b	US$144.0b	US$14.9b	19.6x	19.8x	2x

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 22.7x which is higher than its 3-year average PE of 20.1x.

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 6.3% 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	1.06%
Utilities	3.33%
Other Utilities	4.38%
Multi-Utilities	4.38%

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?

Company	Last Price	7D	1Y	Valuation
D Dominion Energy	US$67.67	9.6% +US$5.2b	20.2%	PE20.4x
SRE Sempra	US$92.80	2.6% +US$1.5b	19.4%	PE31.5x
PEG Public Service Enterprise Group	US$79.51	4.0% +US$1.5b	0.7%	PE17.5x
WEC WEC Energy Group	US$113.41	3.9% +US$1.4b	6.2%	PE22.6x
AEE Ameren	US$111.29	4.6% +US$1.4b	15.6%	PE20.2x

NextEra Reportedly in Talks to Acquire Dominion Energy

NextEra Energy, Inc. (NYSE:NEE) is in talks to acquire Dominion Energy, Inc. (NYSE:D) in a mostly stock transaction that could value Dominion at roughly $66 billion, Bloomberg News reported May 17, 2026, citing people familiar with the matter. If completed, the merger would become the largest utility acquisition on record and one of the biggest M&A deals of 2026. The proposed agreement could be announced as early as May 18, 2026, the sources said. Under the terms being discussed, NextEra would offer about 0.8 of its own shares for each Dominion share, along with a modest cash component. Existing NextEra investors would own roughly three-quarters of the combined company. The Financial Times first reported on the prospective deal on May 16, 2026. Including debt, the transaction would carry an enterprise value of about $116 billion, highlighting the growing scale of consolidation in the U.S. power industry. The talks come as utilities face surging electricity demand tied to artificial intelligence infrastructure, data centers and broader electrification trends. Investors are increasingly betting that large utilities with access to transmission networks and fast-growing power markets will benefit from years of elevated capital spending and rising energy consumption. The discussions also suggest regulators under the Trump administration may be more receptive to large-scale utility mergers than prior administrations. A combination with Dominion would significantly expand NextEra’s footprint in the PJM Interconnection grid, the nation’s largest wholesale electricity market. The region includes Northern Virginia, home to the world’s largest concentration of data centers, where electricity demand has accelerated sharply. No final agreement has been reached and negotiations could still collapse or change, Bloomberg News reported.

U.S. Multi-Utilities Industry Analysis

Industry Valuation and Performance

Industry Comparison

Top Stock Gainers and Losers

Latest News

DTE Energy Unveils Major Data Center and Renewable Projects as Growth Outlook Stays Strong

CMS Energy Engages CAMS to Oversee Operations at 525 MW Aviator Wind Project in Texas

NextEra Reportedly in Talks to Acquire Dominion Energy

First quarter dividend of US$0.75 announced

SRE: Extended EPS Guidance And Rising Dividend Will Support Future Returns

WEC Energy Group Earnings Surpass Forecasts With Growing Data Center Demand and Higher Dividend

Consolidated Edison Exceeds Revenue Forecasts but Adjusted EPS Falls Short While Guidance Held

PSEG Tops Q1 Estimates With Strong Growth and Reaffirms Multi-Billion Dollar Investment Plan