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U.S. Multi-Utilities Industry Analysis

UpdatedJan 26, 2026
DataAggregated Company Financials
Companies15
  • 7D-2.1%
  • 3M-3.2%
  • 1Y8.0%
  • YTDn/a

Over the last 7 days, the Multi-Utilities industry has dropped 2.1%, driven by Sempra declining 7.1%. Over the past 12 months, the industry was up 8.0%. Looking forward, earnings are forecast to grow by 11% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Thu, 02 Feb 2023US$319.3bUS$134.2bUS$13.1b21.7x24.4x2.4x
Price to Earnings Ratio

24.4x


Total Market Cap: US$319.3bTotal Earnings: US$13.1bTotal Revenue: US$134.2bTotal 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 9.9% 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-0.36%
Utilities-1.89%
Other Utilities-2.13%
Multi-Utilities-2.13%
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
WEC WEC Energy GroupUS$109.100.5%
+US$165.9m		8.1%PE20.9x
ED Consolidated EdisonUS$103.870.06%
+US$21.7m		9.5%PE18.4x

Latest News

D
US$59.60
Dominion Energy
7D
-2.5%
1Y
6.9%

D: Offshore Wind Progress And Stable Outlook Will Support Measured Forward Returns

Analysts have slightly trimmed their fair value estimate for Dominion Energy to about US$63.44 per share, down from roughly US$63.81, reflecting updated views on revenue growth, profit margins and future P/E assumptions. What's in the News The U.S. District Court for the Eastern District of Virginia granted Dominion Energy a preliminary injunction that allows construction to resume on the Coastal Virginia Offshore Wind project while litigation with a federal agency continues (Key Developments).
AEE
US$102.32
Ameren
7D
-1.6%
1Y
8.7%

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.
WEC
US$109.10
WEC Energy Group
7D
0.5%
1Y
8.1%

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$38.78
CenterPoint Energy
7D
-2.3%
1Y
17.9%

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.
DTE
US$134.33
DTE Energy
7D
-0.9%
1Y
10.4%

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

Analysts have revised their fair value estimate for DTE Energy from $148.42 to $147.50, reflecting updated views on revenue growth, profit margins, and future P/E expectations. What's in the News DTE Energy filed a follow on equity offering of up to US$1.5b in common stock through an at the market program, indicating potential future issuance into the public market (Key Developments).
SRE
US$85.94
Sempra
7D
-7.1%
1Y
4.6%

SRE: Long-Term EPS Outlook Will Support Constructive Future Share Returns

Analysts have nudged their price target on Sempra slightly higher to about $100.07 from roughly $99.87, reflecting updated assumptions around revenue growth, profit margins, and future P/E expectations. What's in the News Sempra issued updated earnings guidance for the full year 2025, with an EPS range of $3.05 to $3.45.
NI
US$43.41
NiSource
7D
-1.2%
1Y
19.3%

NI: At The Market Equity Issuance Will Support Balanced Future Return Potential

Analysts have made a marginal adjustment to their NiSource price target, trimming it by about $0.09 as they refresh their views on fair value, discount rate assumptions, revenue growth, profit margin and future P/E expectations. What's in the News NiSource filed a follow on equity offering for up to US$1.5b in common stock through an at the market program (Key Developments).
PEG
US$78.28
Public Service Enterprise Group
7D
-1.4%
1Y
-4.6%
ED
US$103.87
Consolidated Edison
7D
0.06%
1Y
9.5%
CMS
US$70.70
CMS Energy
7D
-1.4%
1Y
5.2%