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U.S. Multi-Utilities Industry Analysis

UpdatedFeb 08, 2026
DataAggregated Company Financials
Companies15
  • 7D1.0%
  • 3M0.03%
  • 1Y9.8%
  • YTDn/a

Last week, the Multi-Utilities industry hasn't moved much but Dominion Energy is up 3.6% in that time. The past year has been better, since the industry has gained 9.8% in that time. 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
Sun, 08 Feb 2026US$383.0bUS$144.5bUS$17.4b20.3x22x2.6x
Tue, 06 Jan 2026US$365.6bUS$143.1bUS$17.4b19.2x21.1x2.6x
Thu, 04 Dec 2025US$373.8bUS$143.1bUS$17.4b19.6x21.5x2.6x
Sat, 01 Nov 2025US$375.5bUS$139.6bUS$17.1b20.4x21.9x2.7x
Mon, 29 Sep 2025US$373.4bUS$138.4bUS$17.1b20.7x21.9x2.7x
Wed, 27 Aug 2025US$364.8bUS$138.4bUS$17.1b20x21.4x2.6x
Fri, 25 Jul 2025US$364.2bUS$135.1bUS$16.8b21.5x21.7x2.7x
Sun, 22 Jun 2025US$346.6bUS$135.1bUS$16.8b20.4x20.6x2.6x
Tue, 20 May 2025US$355.8bUS$135.1bUS$16.8b21x21.2x2.6x
Thu, 17 Apr 2025US$350.9bUS$130.3bUS$15.9b21.7x22.1x2.7x
Sat, 15 Mar 2025US$340.4bUS$130.3bUS$15.9b21.9x21.4x2.6x
Mon, 10 Feb 2025US$342.6bUS$129.5bUS$16.7b20.1x20.5x2.6x
Wed, 08 Jan 2025US$331.5bUS$128.9bUS$16.3b18.7x20.3x2.6x
Fri, 06 Dec 2024US$352.2bUS$128.9bUS$16.3b20x21.6x2.7x
Sun, 03 Nov 2024US$339.8bUS$128.2bUS$16.1b19.4x21.1x2.7x
Tue, 01 Oct 2024US$343.9bUS$128.0bUS$15.7b20.1x21.9x2.7x
Thu, 29 Aug 2024US$329.4bUS$128.0bUS$15.7b19.1x21x2.6x
Sat, 27 Jul 2024US$311.9bUS$126.9bUS$15.8b18.5x19.7x2.5x
Mon, 24 Jun 2024US$295.9bUS$126.7bUS$15.7b17.3x18.9x2.3x
Wed, 22 May 2024US$311.9bUS$126.7bUS$15.7b18.5x19.9x2.5x
Fri, 19 Apr 2024US$284.4bUS$131.6bUS$17.2b16.8x16.5x2.2x
Sun, 17 Mar 2024US$284.2bUS$131.6bUS$17.2b16.5x16.5x2.2x
Tue, 13 Feb 2024US$277.2bUS$137.4bUS$17.4b15.9x15.9x2x
Thu, 11 Jan 2024US$292.6bUS$138.1bUS$17.2b17.5x17x2.1x
Sat, 09 Dec 2023US$287.7bUS$138.1bUS$17.2b17.7x16.7x2.1x
Mon, 06 Nov 2023US$279.7bUS$138.4bUS$17.1b16.7x16.3x2x
Wed, 04 Oct 2023US$262.0bUS$141.3bUS$16.6b16.5x15.8x1.9x
Fri, 01 Sep 2023US$284.7bUS$141.3bUS$16.6b17.7x17.1x2x
Sun, 30 Jul 2023US$307.6bUS$141.3bUS$15.0b19.4x20.5x2.2x
Tue, 27 Jun 2023US$299.7bUS$144.0bUS$14.9b19.8x20.2x2.1x
Thu, 25 May 2023US$297.8bUS$144.0bUS$14.9b19.8x20x2.1x
Sat, 22 Apr 2023US$319.1bUS$138.1bUS$12.5b21.7x25.4x2.3x
Mon, 20 Mar 2023US$303.2bUS$138.1bUS$12.5b20.7x24.2x2.2x
Wed, 15 Feb 2023US$308.1bUS$136.6bUS$12.3b20.5x25.1x2.3x
Price to Earnings Ratio

25.1x


Total Market Cap: US$308.1bTotal 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 2.6x.
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-0.071%
Utilities0.081%
Other Utilities0.98%
Multi-Utilities0.98%
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$62.333.6%
+US$1.8b		14.1%PE20.4x
AEE AmerenUS$105.091.8%
+US$489.6m		8.2%PE20.1x
CMS CMS EnergyUS$72.841.9%
+US$410.8m		6.0%PE20.9x
WEC WEC Energy GroupUS$111.420.7%
+US$262.6m		9.5%PE23.3x
ED Consolidated EdisonUS$107.340.7%
+US$256.3m		11.7%PE19x

Latest News

CMS
US$72.84
CMS Energy
7D
1.9%
1Y
6.0%
AEE
US$105.09
Ameren
7D
1.8%
1Y
8.2%
CNP
US$40.05
CenterPoint Energy
7D
0.9%
1Y
23.6%

CNP: Future Returns Will Reflect AI Power Demand And Regulatory Stability

Analysts have inched their price expectations for CenterPoint Energy higher, with the average target moving from about US$42.31 to US$42.50. They cite recent target increases and an upgraded rating that highlight perceived growth visibility and relatively lower regulatory and political risk.
WEC
US$111.42
WEC Energy Group
7D
0.7%
1Y
9.5%
SRE
US$87.36
Sempra
7D
0.4%
1Y
6.6%

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

Analysts have trimmed their Sempra fair value estimate slightly from about $99.87 to $99.60, reflecting updated assumptions around revenue growth, profit margins, and the future P/E multiple, while keeping the overall investment view broadly consistent. Valuation Changes Fair Value: Adjusted slightly lower from about US$99.87 to US$99.60 per share, a change of US$0.27.
DTE
US$134.82
DTE Energy
7D
0.3%
1Y
9.9%
UTL
US$50.57
Unitil
7D
-0.7%
1Y
-7.4%

UTL: Higher Dividend And Updated Assumptions Will Shape A Measured Outlook

Analysts have trimmed their price target on Unitil from $58 to $55, citing updated assumptions that include a higher discount rate, more moderate revenue growth expectations, a slightly stronger profit margin outlook, and a higher projected future P/E multiple. What's in the News The Board of Directors approved an increase in the quarterly dividend on common stock to $0.475 per share, a change of $0.025 per share compared with the prior quarterly level (Key Developments).
BKH
US$72.30
Black Hills
7D
-0.9%
1Y
21.6%
NI
US$44.10
NiSource
7D
-0.4%
1Y
16.3%

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$80.65
Public Service Enterprise Group
7D
-2.1%
1Y
-3.6%
ED
US$107.34
Consolidated Edison
7D
0.7%
1Y
11.7%

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
D
US$62.33
Dominion Energy
7D
3.6%
1Y
14.1%

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

Jan 29
Dominion Energy (NYSE:D) Has Affirmed Its Dividend Of $0.6675