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U.S. Multi-Utilities Industry Analysis

UpdatedJul 11, 2026
DataAggregated Company Financials
Companies16
  • 7D-1.1%
  • 3M-0.5%
  • 1Y14.9%
  • YTDn/a

Over the last 7 days, the Multi-Utilities industry has dropped 1.1%, driven by declines in WEC Energy Group and Consolidated Edison of 3.3% and 2.5%, respectively. Over the past 12 months, the industry was up 15%. As for the next few years, earnings are expected to grow by 12% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 12 Jul 2026US$408.4bUS$151.6bUS$17.8b21.2x22.9x2.7x
Tue, 09 Jun 2026US$399.5bUS$151.6bUS$17.8b20x22.4x2.6x
Thu, 07 May 2026US$401.2bUS$151.5bUS$17.6b20.9x22.8x2.6x
Sat, 04 Apr 2026US$409.0bUS$147.4bUS$17.5b21.2x23.3x2.8x
Mon, 02 Mar 2026US$409.5bUS$147.4bUS$17.6b21.5x23.3x2.8x
Wed, 28 Jan 2026US$375.6bUS$143.1bUS$17.4b20x21.6x2.6x
Fri, 26 Dec 2025US$368.5bUS$143.1bUS$17.4b19.4x21.2x2.6x
Sun, 23 Nov 2025US$380.8bUS$143.1bUS$17.4b20.1x21.9x2.7x
Tue, 21 Oct 2025US$386.3bUS$138.4bUS$17.1b21.4x22.6x2.8x
Thu, 18 Sep 2025US$359.0bUS$138.4bUS$17.1b20.2x21x2.6x
Sat, 16 Aug 2025US$369.9bUS$138.4bUS$17.1b20.5x21.7x2.7x
Mon, 14 Jul 2025US$352.1bUS$135.1bUS$16.8b20.7x21x2.6x
Wed, 11 Jun 2025US$349.8bUS$135.1bUS$16.8b20.7x20.8x2.6x
Fri, 09 May 2025US$360.6bUS$134.9bUS$16.7b21.1x21.6x2.7x
Sun, 06 Apr 2025US$338.4bUS$130.3bUS$15.9b21.7x21.3x2.6x
Tue, 04 Mar 2025US$349.7bUS$130.3bUS$15.9b22.1x22x2.7x
Thu, 30 Jan 2025US$336.3bUS$128.9bUS$16.3b18.5x20.6x2.6x
Sat, 28 Dec 2024US$338.0bUS$128.9bUS$16.3b19.3x20.7x2.6x
Mon, 25 Nov 2024US$358.9bUS$128.9bUS$16.3b20.7x22x2.8x
Wed, 23 Oct 2024US$352.3bUS$128.0bUS$15.7b19.8x22.4x2.8x
Fri, 20 Sep 2024US$338.4bUS$128.0bUS$15.7b19.4x21.5x2.6x
Sun, 18 Aug 2024US$324.8bUS$128.0bUS$15.7b19.1x20.7x2.5x
Tue, 16 Jul 2024US$307.5bUS$126.7bUS$15.7b18.3x19.6x2.4x
Thu, 13 Jun 2024US$301.1bUS$126.7bUS$15.7b17.5x19.2x2.4x
Sat, 11 May 2024US$310.4bUS$126.7bUS$15.7b18.7x19.8x2.5x
Mon, 08 Apr 2024US$287.9bUS$131.6bUS$17.2b16.8x16.7x2.2x
Wed, 06 Mar 2024US$283.7bUS$131.6bUS$17.2b16.7x16.5x2.2x
Fri, 02 Feb 2024US$283.5bUS$137.5bUS$17.3b16.7x16.4x2.1x
Sun, 31 Dec 2023US$287.7bUS$138.1bUS$17.2b17.2x16.7x2.1x
Tue, 28 Nov 2023US$285.3bUS$138.1bUS$17.2b17.4x16.6x2.1x
Thu, 26 Oct 2023US$268.2bUS$141.3bUS$16.6b16.7x16.1x1.9x
Sat, 23 Sep 2023US$286.3bUS$141.3bUS$16.6b17.7x17.2x2x
Mon, 21 Aug 2023US$286.6bUS$141.3bUS$16.6b17.8x17.2x2x
Wed, 19 Jul 2023US$299.1bUS$144.0bUS$14.9b19.9x20.1x2.1x
Price to Earnings Ratio

20.1x


Total Market Cap: US$299.1bTotal Earnings: US$14.9bTotal Revenue: US$144.0bTotal 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 22.9x which is higher than its 3-year average PE of 20.2x.
  • 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 Market0.74%
Utilities-0.67%
Other Utilities-1.09%
Multi-Utilities-1.09%
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$94.201.2%
+US$745.2m		26.3%PE32x
D Dominion EnergyUS$70.080.5%
+US$290.2m		22.1%PE21.1x
BKH Black HillsUS$75.211.9%
+US$108.1m		32.1%PE19.9x
NWE NorthWestern Energy GroupUS$72.711.9%
+US$85.5m		38.6%PE26.7x
AVA AvistaUS$41.901.2%
+US$41.3m		10.2%PE16.8x

Latest News

SRE
US$94.20
Sempra
7D
1.2%
1Y
26.3%
D
US$70.08
Dominion Energy
7D
0.5%
1Y
22.1%
AEE
US$112.94
Ameren
7D
-1.8%
1Y
17.4%
PEG
US$80.55
Public Service Enterprise Group
7D
-1.3%
1Y
-2.4%
BKH
US$75.21
Black Hills
7D
1.9%
1Y
32.1%
AVA
US$41.90
Avista
7D
1.2%
1Y
10.2%
CMS
US$75.40
CMS Energy
7D
-3.0%
1Y
7.2%
CNP
US$43.54
CenterPoint Energy
7D
-2.4%
1Y
20.5%
DTE
US$150.27
DTE Energy
7D
-2.5%
1Y
12.2%
ED
US$111.12
Consolidated Edison
7D
-2.5%
1Y
10.5%
NI
US$46.90
NiSource
7D
-1.9%
1Y
18.5%
Seeking Alpha • Jul 04

NiSource: A Premier Play On Data Center Electricity Demand

Summary NiSource (NI) remains a 'buy' as its innovative data center agreements, notably with Amazon, position it for sustained growth and regulatory favor. NI's model isolates data center capex and returns, protecting existing customers from rate hikes while securing guaranteed returns and surcharges to reduce bills. With a $29B five-year capex plan and at least 8% projected EPS growth, NI offers a compelling blend of income and growth. Shares yield 2.5% with expected low double-digit total returns, underpinned by robust capital programs and accelerating data center demand. Read the full article on Seeking Alpha
NWE
US$72.71
NorthWestern Energy Group
7D
1.9%
1Y
38.6%
WEC
US$114.96
WEC Energy Group
7D
-3.3%
1Y
9.0%
Seeking Alpha • Jul 01

WEC Energy Group: Data Centers Make This Utility Growth Story More Attractive

Summary WEC Energy Group (WEC) is rated a buy, driven by a visible earnings growth runway fueled by surging data-center demand. WEC's $37.5 billion regulated capital plan through 2030 supports management's 7%–8% long-term EPS growth target and robust dividend growth. The Very Large Customer tariff structure mitigates risk by shifting project-specific exposure to hyperscale customers, supporting regulatory approval and earnings visibility. Key risks include regulatory outcomes, tariff terms, and financing execution, but the data-center opportunity and capital plan underpin substantial upside potential. Read the full article on Seeking Alpha