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U.S. Multi-Utilities Industry Analysis

UpdatedMar 10, 2026
DataAggregated Company Financials
Companies15
  • 7D-1.0%
  • 3M9.9%
  • 1Y14.6%
  • YTDn/a

In the last week, Multi-Utilities has been flat. The past year has been better, since the industry has gained 15% in that time. 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
Tue, 10 Mar 2026US$403.9bUS$147.4bUS$17.6b21.2x23x2.7x
Thu, 05 Feb 2026US$381.9bUS$144.0bUS$17.5b20.4x21.9x2.7x
Sat, 03 Jan 2026US$367.4bUS$143.1bUS$17.4b19.4x21.2x2.6x
Mon, 01 Dec 2025US$388.1bUS$143.1bUS$17.4b20.5x22.4x2.7x
Wed, 29 Oct 2025US$383.3bUS$138.5bUS$17.2b20.5x22.3x2.8x
Fri, 26 Sep 2025US$371.0bUS$138.4bUS$17.1b20.4x21.7x2.7x
Sun, 24 Aug 2025US$370.1bUS$138.4bUS$17.1b20.7x21.7x2.7x
Tue, 22 Jul 2025US$360.2bUS$135.1bUS$16.8b21.2x21.4x2.7x
Thu, 19 Jun 2025US$346.2bUS$135.1bUS$16.8b20.3x20.6x2.6x
Sat, 17 May 2025US$351.2bUS$135.1bUS$16.8b20.9x20.9x2.6x
Mon, 14 Apr 2025US$344.2bUS$130.3bUS$15.9b21.6x21.7x2.6x
Wed, 12 Mar 2025US$346.1bUS$130.3bUS$15.9b21.7x21.8x2.7x
Fri, 07 Feb 2025US$341.8bUS$129.5bUS$16.7b20.1x20.4x2.6x
Sun, 05 Jan 2025US$337.6bUS$128.9bUS$16.3b19.2x20.7x2.6x
Tue, 03 Dec 2024US$361.9bUS$128.9bUS$16.3b20.4x22.2x2.8x
Thu, 31 Oct 2024US$343.3bUS$128.0bUS$15.8b19.8x21.7x2.7x
Sat, 28 Sep 2024US$341.0bUS$128.0bUS$15.7b19.8x21.7x2.7x
Mon, 26 Aug 2024US$329.8bUS$128.0bUS$15.7b19.1x21x2.6x
Wed, 24 Jul 2024US$309.9bUS$126.7bUS$15.7b19x19.7x2.4x
Fri, 21 Jun 2024US$295.7bUS$126.7bUS$15.7b17.3x18.8x2.3x
Sun, 19 May 2024US$312.7bUS$126.7bUS$15.7b18.7x19.9x2.5x
Tue, 16 Apr 2024US$282.8bUS$131.6bUS$17.2b16.6x16.4x2.1x
Thu, 14 Mar 2024US$286.3bUS$131.6bUS$17.2b16.7x16.6x2.2x
Sat, 10 Feb 2024US$273.8bUS$137.4bUS$17.4b15.7x15.7x2x
Mon, 08 Jan 2024US$293.3bUS$138.1bUS$17.2b17.5x17.1x2.1x
Wed, 06 Dec 2023US$286.8bUS$138.1bUS$17.2b17.7x16.7x2.1x
Fri, 03 Nov 2023US$271.3bUS$139.4bUS$16.7b17.4x16.2x1.9x
Sun, 01 Oct 2023US$269.5bUS$141.3bUS$16.6b16.6x16.2x1.9x
Tue, 29 Aug 2023US$287.2bUS$141.3bUS$16.6b17.7x17.3x2x
Thu, 27 Jul 2023US$313.7bUS$143.9bUS$14.8b21.1x21.1x2.2x
Sat, 24 Jun 2023US$295.8bUS$144.0bUS$14.9b19.5x19.9x2.1x
Mon, 22 May 2023US$301.5bUS$144.0bUS$14.9b20.2x20.3x2.1x
Wed, 19 Apr 2023US$316.0bUS$138.1bUS$12.5b21.4x25.2x2.3x
Fri, 17 Mar 2023US$306.8bUS$138.1bUS$12.6b21x24.4x2.2x
Price to Earnings Ratio

24.4x


Total Market Cap: US$306.8bTotal Earnings: US$12.6bTotal Revenue: US$138.1bTotal 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 23.0x 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 12% 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-1.50%
Utilities-1.31%
Other Utilities-0.98%
Multi-Utilities-0.98%
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
DTE DTE EnergyUS$148.960.9%
+US$272.2m		12.8%PE21.2x
CNP CenterPoint EnergyUS$43.480.3%
+US$147.6m		26.3%PE27x
UTL UnitilUS$53.292.4%
+US$22.7m		-4.7%PE19.2x

Latest News

WEC
US$115.59
WEC Energy Group
7D
-0.9%
1Y
6.1%

WEC: Data Center Capex And Dividend Growth Will Shape Future Premium Profile

The analyst price target for WEC Energy Group has edged higher to $122.26. This reflects modest model changes and analyst focus on recent price target revisions tied to solid quarterly results, reaffirmed guidance, and updated capital plans linked to data center demand.
D
US$62.91
Dominion Energy
7D
-0.2%
1Y
11.3%

D: Offshore Wind Ruling And Earnings Outlook Will Support Steady Long-Term Returns

Analysts have adjusted their price target for Dominion Energy to $65.25 from $64.06, reflecting updated assumptions for fair value, revenue growth, profit margin, and future P/E. Their outlook remains broadly consistent while expectations are fine tuned.
DTE
US$148.96
DTE Energy
7D
0.9%
1Y
12.8%

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

Analysts have reiterated their $151.50 price target on DTE Energy, citing unchanged assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E. This keeps their outlook and valuation framework effectively steady.
BKH
US$72.55
Black Hills
7D
-1.3%
1Y
20.3%

BKH: Dividend Increases And Project Completion Will Support Steady Future Return Profile

Analysts have increased their price targets on Black Hills by $2, reflecting updated assumptions on fair value, discount rate, revenue growth, profit margin and future P/E that remain broadly consistent with prior estimates. Analyst Commentary Recent Street research points to modest upward revisions in fair value estimates for Black Hills, with price targets adjusted by US$2.
SRE
US$93.51
Sempra
7D
-2.3%
1Y
34.6%

SRE: Long Term EPS Guidance And Dividend Policy Will Support Future Returns

Analysts have raised their price target on Sempra by about $1, reflecting updated assumptions around fair value, profit margins and future P/E, which they view as slightly more supportive for the stock. What's in the News Sempra issued full year 2027 earnings guidance, targeting EPS in a range of $5.10 to $5.70.
CNP
US$43.48
CenterPoint Energy
7D
0.3%
1Y
26.3%

CNP: Future Returns Will Reflect Load Timing Shifts And Regulatory Execution

Our CenterPoint Energy analyst price target edges up to $44.06 from $43.44 as analysts refine forecasts around steadier margins, updated Q4 earnings commentary and ongoing adjustments to long term growth expectations. Analyst Commentary Recent Street research on CenterPoint Energy clusters around a generally constructive view on growth visibility, balanced by questions around capital intensity and regulatory execution.
UTL
US$53.29
Unitil
7D
2.4%
1Y
-4.7%

UTL: Higher Dividend And Stable Forecasts Will Support A Steady Outlook

Analysts have maintained their price target for Unitil at $56.00, reflecting unchanged views on fair value, discount rate, and core forecast inputs such as revenue growth, profit margin, and future P/E assumptions. What's in the News Unitil Corporation's Board of Directors raised the quarterly dividend on the company’s common stock to $0.475 per share, an increase of $0.025 per share.
AEE
US$111.16
Ameren
7D
-1.5%
1Y
12.0%
PEG
US$84.04
Public Service Enterprise Group
7D
-0.5%
1Y
6.9%
CMS
US$77.24
CMS Energy
7D
-1.1%
1Y
4.4%

CMS: Future Risk Reward Will Hinge On Earnings Execution And Dividend Policy

The analyst price target for CMS Energy in our framework has moved slightly higher to about $78.85 from $78.08, reflecting a series of updated Street targets around $79 to $80 as analysts factor in recent sector revisions, as well as their views on upcoming earnings and data center exposure. Analyst Commentary Street research on CMS Energy has centered on a cluster of target revisions in a relatively tight US$74 to US$80 range, as firms refresh their views ahead of upcoming earnings and reassess the sector.
ED
US$111.80
Consolidated Edison
7D
-0.2%
1Y
4.8%