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U.S. Multi-Utilities Industry Analysis

UpdatedMar 05, 2026
DataAggregated Company Financials
Companies15
  • 7D0.7%
  • 3M9.3%
  • 1Y16.8%
  • YTDn/a

Over the last 7 days, the Multi-Utilities industry has remained flat. The past year has been better, since the industry has gained 17% in that time. As for the next few years, earnings are expected to grow by 11% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 05 Mar 2026US$406.5bUS$147.4bUS$17.6b21.5x23.1x2.8x
Sat, 31 Jan 2026US$379.5bUS$144.0bUS$17.5b19.8x21.7x2.6x
Mon, 29 Dec 2025US$368.3bUS$143.1bUS$17.4b19.4x21.2x2.6x
Wed, 26 Nov 2025US$381.9bUS$143.1bUS$17.4b20.1x22x2.7x
Fri, 24 Oct 2025US$384.5bUS$138.4bUS$17.1b20.9x22.5x2.8x
Sun, 21 Sep 2025US$361.9bUS$138.4bUS$17.1b20.3x21.2x2.6x
Tue, 19 Aug 2025US$366.7bUS$138.4bUS$17.1b20.2x21.5x2.6x
Thu, 17 Jul 2025US$351.2bUS$135.1bUS$16.8b20.8x20.9x2.6x
Sat, 14 Jun 2025US$354.9bUS$135.1bUS$16.8b20.6x21.1x2.6x
Mon, 12 May 2025US$354.8bUS$135.1bUS$16.8b21.1x21.1x2.6x
Wed, 09 Apr 2025US$330.7bUS$130.3bUS$15.9b21.1x20.8x2.5x
Fri, 07 Mar 2025US$343.8bUS$130.3bUS$15.9b21.4x21.6x2.6x
Sun, 02 Feb 2025US$339.7bUS$129.4bUS$16.5b19x20.6x2.6x
Tue, 31 Dec 2024US$337.6bUS$128.9bUS$16.3b19.2x20.7x2.6x
Thu, 28 Nov 2024US$362.6bUS$128.9bUS$16.3b20.6x22.2x2.8x
Sat, 26 Oct 2024US$353.8bUS$128.0bUS$15.9b19.7x22.3x2.8x
Mon, 23 Sep 2024US$340.9bUS$128.0bUS$15.7b19.8x21.7x2.7x
Wed, 21 Aug 2024US$327.0bUS$128.0bUS$15.7b19.1x20.8x2.6x
Fri, 19 Jul 2024US$309.5bUS$126.7bUS$15.7b19.1x19.7x2.4x
Sun, 16 Jun 2024US$297.9bUS$126.7bUS$15.7b17.4x19x2.4x
Tue, 14 May 2024US$310.1bUS$126.7bUS$15.7b18.7x19.8x2.4x
Thu, 11 Apr 2024US$292.2bUS$131.6bUS$17.2b16.7x17x2.2x
Sat, 09 Mar 2024US$289.0bUS$131.6bUS$17.2b16.9x16.8x2.2x
Mon, 05 Feb 2024US$278.3bUS$138.7bUS$17.2b16.4x16.1x2x
Wed, 03 Jan 2024US$292.5bUS$138.1bUS$17.2b17.5x17x2.1x
Fri, 01 Dec 2023US$282.4bUS$138.1bUS$17.2b17.3x16.4x2x
Sun, 29 Oct 2023US$265.5bUS$140.9bUS$16.7b16.9x15.9x1.9x
Tue, 26 Sep 2023US$285.6bUS$141.3bUS$16.6b17.8x17.2x2x
Thu, 24 Aug 2023US$286.5bUS$141.3bUS$16.6b17.7x17.2x2x
Sat, 22 Jul 2023US$312.1bUS$144.0bUS$14.9b21x21x2.2x
Mon, 19 Jun 2023US$304.6bUS$144.0bUS$14.9b20.3x20.5x2.1x
Wed, 17 May 2023US$303.1bUS$144.0bUS$14.9b20.2x20.4x2.1x
Fri, 14 Apr 2023US$319.8bUS$138.1bUS$12.5b21.9x25.5x2.3x
Sun, 12 Mar 2023US$291.8bUS$138.1bUS$12.6b19.8x23.2x2.1x
Price to Earnings Ratio

23.2x


Total Market Cap: US$291.8bTotal 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 23.1x 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 2.8x.
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-1.22%
Utilities-0.46%
Other Utilities0.69%
Multi-Utilities0.69%
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$150.112.8%
+US$849.9m		13.7%PE21.4x
WEC WEC Energy GroupUS$117.551.8%
+US$693.4m		12.5%PE24.6x
SRE SempraUS$95.390.9%
+US$638.4m		32.7%PE34.7x
CNP CenterPoint EnergyUS$44.021.9%
+US$541.9m		30.2%PE27.3x
ED Consolidated EdisonUS$112.491.3%
+US$538.3m		12.3%PE20.1x

Latest News

PEG
US$83.91
Public Service Enterprise Group
7D
-2.4%
1Y
2.8%
AEE
US$113.33
Ameren
7D
1.7%
1Y
14.8%
SRE
US$95.39
Sempra
7D
0.9%
1Y
32.7%
WEC
US$117.55
WEC Energy Group
7D
1.8%
1Y
12.5%
CMS
US$78.12
CMS Energy
7D
2.0%
1Y
7.9%

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$112.49
Consolidated Edison
7D
1.3%
1Y
12.3%
CNP
US$44.02
CenterPoint Energy
7D
1.9%
1Y
30.2%
D
US$62.57
Dominion Energy
7D
-1.6%
1Y
15.7%
DTE
US$150.11
DTE Energy
7D
2.8%
1Y
13.7%

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

Analysts have adjusted their price target on DTE Energy to $151.50 from $147.35. The change reflects updated views on fair value, revenue growth assumptions, profit margins and future P/E expectations.
NI
US$47.56
NiSource
7D
2.2%
1Y
19.9%

NI: Future Dividend Increase And Refined P/E Assumptions Will Support Balanced Returns

Analysts have raised their price target on NiSource slightly to about $47.85 from $46.75, reflecting updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E. What's in the News The board of directors declared a quarterly common stock dividend of $0.30 per share for NiSource.