Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Multi-Utilities Industry Analysis

UpdatedFeb 20, 2026
DataAggregated Company Financials
Companies15
  • 7D0.8%
  • 3M5.3%
  • 1Y12.0%
  • YTDn/a

The Multi-Utilities industry has stayed flat over the last week. As for the the longer term, the industry is up 12% over the past 12 months. Earnings are forecast to grow by 10% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 20 Feb 2026US$398.1bUS$146.1bUS$17.5b21.4x22.8x2.7x
Sun, 18 Jan 2026US$380.4bUS$143.1bUS$17.4b20x21.9x2.7x
Tue, 16 Dec 2025US$365.7bUS$143.1bUS$17.4b19.4x21.1x2.6x
Thu, 13 Nov 2025US$385.3bUS$143.1bUS$17.3b20.3x22.2x2.7x
Sat, 11 Oct 2025US$377.2bUS$138.4bUS$17.1b20.4x22.1x2.7x
Mon, 08 Sep 2025US$359.8bUS$138.4bUS$17.1b19.8x21.1x2.6x
Wed, 06 Aug 2025US$376.8bUS$137.8bUS$17.3b20.5x21.8x2.7x
Fri, 04 Jul 2025US$351.1bUS$135.1bUS$16.8b20.4x20.9x2.6x
Sun, 01 Jun 2025US$357.5bUS$135.1bUS$16.8b20.8x21.3x2.6x
Tue, 29 Apr 2025US$353.7bUS$130.9bUS$15.8b22x22.3x2.7x
Thu, 27 Mar 2025US$343.4bUS$130.3bUS$15.9b22x21.6x2.6x
Sat, 22 Feb 2025US$355.8bUS$130.2bUS$16.3b20.6x21.8x2.7x
Mon, 20 Jan 2025US$344.2bUS$128.9bUS$16.3b19.3x21.1x2.7x
Wed, 18 Dec 2024US$338.6bUS$128.9bUS$16.3b19.3x20.8x2.6x
Fri, 15 Nov 2024US$347.1bUS$128.9bUS$16.3b20.1x21.3x2.7x
Sun, 13 Oct 2024US$339.9bUS$128.0bUS$15.7b19.6x21.6x2.7x
Tue, 10 Sep 2024US$335.2bUS$128.0bUS$15.7b19.4x21.3x2.6x
Thu, 08 Aug 2024US$317.2bUS$128.0bUS$15.7b18.8x20.2x2.5x
Sat, 06 Jul 2024US$295.8bUS$126.7bUS$15.7b17.1x18.8x2.3x
Mon, 03 Jun 2024US$309.3bUS$126.7bUS$15.7b18.1x19.7x2.4x
Wed, 01 May 2024US$295.8bUS$130.9bUS$17.2b18.1x17.2x2.3x
Fri, 29 Mar 2024US$290.6bUS$131.6bUS$17.2b17.1x16.9x2.2x
Sun, 25 Feb 2024US$283.0bUS$132.3bUS$17.3b16.6x16.3x2.1x
Tue, 23 Jan 2024US$275.9bUS$138.1bUS$17.2b16.5x16.1x2x
Thu, 21 Dec 2023US$288.7bUS$138.1bUS$17.2b16.9x16.8x2.1x
Sat, 18 Nov 2023US$283.1bUS$138.1bUS$17.2b17.2x16.5x2x
Mon, 16 Oct 2023US$271.7bUS$141.3bUS$16.6b16.9x16.3x1.9x
Wed, 13 Sep 2023US$290.2bUS$141.3bUS$16.6b18x17.5x2.1x
Fri, 11 Aug 2023US$290.9bUS$140.7bUS$16.5b18.5x17.6x2.1x
Sun, 09 Jul 2023US$299.2bUS$144.0bUS$14.9b19.9x20.1x2.1x
Tue, 06 Jun 2023US$295.5bUS$144.0bUS$14.9b19.8x19.9x2.1x
Thu, 04 May 2023US$312.9bUS$139.6bUS$13.3b21.7x23.5x2.2x
Sat, 01 Apr 2023US$310.0bUS$138.1bUS$12.5b21.1x24.7x2.2x
Mon, 27 Feb 2023US$307.9bUS$138.5bUS$12.7b20.6x24.2x2.2x
Price to Earnings Ratio

24.2x


Total Market Cap: US$307.9bTotal Earnings: US$12.7bTotal Revenue: US$138.5bTotal 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 22.8x 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 2.7x.
Past Earnings Growth
  • The earnings for companies in the Multi-Utilities industry have grown 11% 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 Market0.64%
Utilities1.54%
Other Utilities0.76%
Multi-Utilities0.76%
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
DTE DTE EnergyUS$145.032.9%
+US$873.2m		10.6%PE20.7x
CNP CenterPoint EnergyUS$42.642.4%
+US$639.8m		26.4%PE26.9x
PEG Public Service Enterprise GroupUS$85.681.3%
+US$569.0m		1.2%PE20.5x
CMS CMS EnergyUS$75.851.5%
+US$343.2m		7.3%PE21.9x
NI NiSourceUS$45.821.4%
+US$306.3m		14.6%PE23.7x

Latest News

D
US$65.46
Dominion Energy
7D
-1.6%
1Y
14.0%
DTE
US$145.03
DTE Energy
7D
2.9%
1Y
10.6%
NWE
US$68.54
NorthWestern Energy Group
7D
-0.4%
1Y
28.0%
AEE
US$109.80
Ameren
7D
0.4%
1Y
13.0%

Ameren Corporation Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Feb 14
Ameren Corporation Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
ED
US$111.92
Consolidated Edison
7D
0.2%
1Y
16.9%
NI
US$45.82
NiSource
7D
1.4%
1Y
14.6%
BKH
US$73.09
Black Hills
7D
-0.2%
1Y
24.3%

Black Hills (NYSE:BKH) Is Increasing Its Dividend To $0.703

Feb 13
Black Hills (NYSE:BKH) Is Increasing Its Dividend To $0.703
CNP
US$42.64
CenterPoint Energy
7D
2.4%
1Y
26.4%
CMS
US$75.85
CMS Energy
7D
1.5%
1Y
7.3%

CMS: Balanced Earnings Execution And Dividend Policy Will Shape Future Risk Reward

The analyst price target for CMS Energy has shifted modestly higher to reflect a new fair value estimate of about $78. This change comes as analysts factor in a slightly stronger profit margin outlook and updated P/E assumptions, alongside a series of recent target changes from firms including BMO Capital, Mizuho, Morgan Stanley, BofA and Barclays.
AVA
US$42.11
Avista
7D
-0.7%
1Y
12.3%

AVA: Resource Plan And Storage Investments Will Support Steady Dividend Outlook

Analysts have maintained their $40.60 price target for Avista, noting only very small updates to inputs such as the discount rate, revenue growth, profit margin, and future P/E assumptions that do not materially change their overall view of the stock. What's in the News The board declared a quarterly dividend of $0.4925 per share on common stock, which equates to an annualized dividend of $1.97, payable on March 13, 2026, to shareholders of record as of February 25, 2026 (Key Developments).
PEG
US$85.68
Public Service Enterprise Group
7D
1.3%
1Y
1.2%

PEG: Mixed Ratings And Contract Extension Will Shape Future Risk Reward

The updated analyst price target for Public Service Enterprise Group reflects a small downward revision of about $0.24. Analysts are balancing slightly softer revenue growth assumptions against marginally higher profit margin and discount rate inputs, as well as a mixed set of recent rating and target changes from major firms.
SRE
US$92.97
Sempra
7D
0.2%
1Y
8.1%