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U.S. Multi-Utilities Industry Analysis

UpdatedJul 24, 2026
DataAggregated Company Financials
Companies16
  • 7D0.4%
  • 3M3.0%
  • 1Y11.1%
  • YTDn/a

Over the last 7 days, the Multi-Utilities industry has remained flat. As for the the longer term, the industry is up 11% over the past 12 months. Earnings are forecast to grow by 5.9% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 24 Jul 2026US$410.2bUS$151.6bUS$17.8b21.5x23x2.7x
Sun, 21 Jun 2026US$400.5bUS$151.6bUS$17.8b20.7x22.4x2.6x
Tue, 19 May 2026US$387.6bUS$151.6bUS$17.8b20.3x21.7x2.6x
Thu, 16 Apr 2026US$407.6bUS$147.4bUS$17.5b21x23.2x2.8x
Sat, 14 Mar 2026US$402.2bUS$147.4bUS$17.6b21.3x22.9x2.7x
Mon, 09 Feb 2026US$383.0bUS$144.5bUS$17.4b20.3x22x2.6x
Wed, 07 Jan 2026US$365.6bUS$143.1bUS$17.4b19.3x21.1x2.6x
Fri, 05 Dec 2025US$372.5bUS$143.1bUS$17.4b19.6x21.5x2.6x
Sun, 02 Nov 2025US$373.2bUS$140.5bUS$17.2b20.4x21.7x2.7x
Tue, 30 Sep 2025US$373.4bUS$138.4bUS$17.1b20.9x21.9x2.7x
Thu, 28 Aug 2025US$365.1bUS$138.4bUS$17.1b20.2x21.4x2.6x
Sat, 26 Jul 2025US$366.0bUS$135.2bUS$16.8b21.5x21.8x2.7x
Mon, 23 Jun 2025US$347.0bUS$135.1bUS$16.8b20.4x20.7x2.6x
Wed, 21 May 2025US$358.7bUS$135.1bUS$16.8b21.1x21.4x2.7x
Fri, 18 Apr 2025US$348.7bUS$130.3bUS$15.9b22x22x2.7x
Sun, 16 Mar 2025US$347.1bUS$130.3bUS$15.9b21.9x21.8x2.7x
Tue, 11 Feb 2025US$342.6bUS$129.5bUS$16.7b20.4x20.5x2.6x
Thu, 09 Jan 2025US$332.3bUS$128.9bUS$16.3b18.6x20.4x2.6x
Sat, 07 Dec 2024US$351.7bUS$128.9bUS$16.3b19.8x21.6x2.7x
Mon, 04 Nov 2024US$339.8bUS$128.2bUS$16.1b19.4x21.1x2.7x
Wed, 02 Oct 2024US$346.2bUS$128.0bUS$15.7b20x22x2.7x
Fri, 30 Aug 2024US$329.9bUS$128.0bUS$15.7b19.2x21x2.6x
Sun, 28 Jul 2024US$314.5bUS$126.9bUS$15.8b18.5x19.9x2.5x
Tue, 25 Jun 2024US$295.9bUS$126.7bUS$15.7b17.5x18.9x2.3x
Thu, 23 May 2024US$312.8bUS$126.7bUS$15.7b18.4x19.9x2.5x
Sat, 20 Apr 2024US$284.4bUS$131.6bUS$17.2b16.8x16.5x2.2x
Mon, 18 Mar 2024US$284.2bUS$131.6bUS$17.2b16.5x16.5x2.2x
Wed, 14 Feb 2024US$271.3bUS$137.4bUS$17.4b15.7x15.6x2x
Fri, 12 Jan 2024US$292.8bUS$138.1bUS$17.2b17.1x17x2.1x
Sun, 10 Dec 2023US$286.9bUS$138.1bUS$17.2b17.7x16.7x2.1x
Tue, 07 Nov 2023US$279.6bUS$138.4bUS$17.1b16.6x16.3x2x
Thu, 05 Oct 2023US$262.0bUS$141.3bUS$16.6b16.7x15.8x1.9x
Sat, 02 Sep 2023US$282.4bUS$141.3bUS$16.6b17.7x17x2x
Mon, 31 Jul 2023US$306.6bUS$141.3bUS$15.0b19.4x20.5x2.2x
Price to Earnings Ratio

20.5x


Total Market Cap: US$306.6bTotal Earnings: US$15.0bTotal Revenue: US$141.3bTotal 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 22.5x which is higher than its 3-year average PE of 20.2x.
  • The industry is trading close to its 3-year average PS ratio of 2.5x.
Past Earnings Growth
  • The earnings for companies in the Multi-Utilities industry have grown 6.0% per year over the last three years.
  • Revenues for these companies have grown 2.4% 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-1.98%
Utilities1.60%
Other Utilities0.42%
Multi-Utilities0.42%
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
CNP CenterPoint EnergyUS$44.232.1%
+US$582.2m		16.9%PE27x
NI NiSourceUS$46.751.0%
+US$230.1m		11.6%PE23.3x
SRE SempraUS$93.440.3%
+US$189.6m		16.1%PE31.7x
ED Consolidated EdisonUS$112.790.4%
+US$147.4m		10.5%PE19.3x
PEG Public Service Enterprise GroupUS$79.770.3%
+US$119.6m		-8.2%PE17.6x

Latest News

DTE
US$148.13
DTE Energy
7D
-0.5%
1Y
6.6%
Seeking Alpha • 12h

DTE Energy: Q2 Earnings Preview, A Regulated Utility With Data Center Tailwinds

Summary DTE Energy is rated Strong Buy with a $165 12-month price target, driven by robust data-center capex visibility and above-peer authorized ROE. The $36.5B five-year capex plan, supported by Google and Oracle contracts, underpins 6–8% long-term EPS growth at a 9.9% authorized ROE. DTE trades at a 7% forward P/E discount to peers, yet offers superior growth and regulatory outcomes, with disciplined capital allocation and dividend coverage. Key risks include MPSC regulatory decisions, coal plant retirements, weather impacts, and potential equity dilution from $500M–$600M anticipated issuance. Read the full article on Seeking Alpha
NI
US$46.75
NiSource
7D
1.0%
1Y
11.6%
AEE
US$113.27
Ameren
7D
0.2%
1Y
13.2%
CMS
US$74.15
CMS Energy
7D
-0.3%
1Y
1.7%
PEG
US$79.77
Public Service Enterprise Group
7D
0.3%
1Y
-8.2%
NWE
US$72.55
NorthWestern Energy Group
7D
-1.0%
1Y
39.2%
Narrative Update • Jul 22

NWE: Merger Execution Risks Will Likely Limit Upside After Recent Repricing

Analysts have lifted their price target on NorthWestern Energy Group stock to $62 from $54, citing the pending all-stock merger with Black Hills and the reduced deal break risk, as well as potential benefits from greater scale, a stronger balance sheet, and broader infrastructure opportunities across data centers, transmission, generation, and gas. Analyst Commentary Recent research on NorthWestern Energy Group has centered on the pending all-stock merger with Black Hills, with analysts weighing the potential benefits of greater scale against execution and regulatory risks.
D
US$71.46
Dominion Energy
7D
-0.3%
1Y
21.6%
Narrative Update • Jul 22

D: Megamerger And AI Power Demand Will Shape Fairly Valued Outlook

Analysts have nudged their price target on Dominion Energy up from $69.33 to $71.00. The revision reflects updated assumptions for revenue growth, profit margins, and future P/E expectations.
SRE
US$93.44
Sempra
7D
0.3%
1Y
16.1%
UTL
US$55.28
Unitil
7D
1.6%
1Y
7.1%
ED
US$112.79
Consolidated Edison
7D
0.4%
1Y
10.5%
WEC
US$114.72
WEC Energy Group
7D
0.2%
1Y
4.7%
CNP
US$44.23
CenterPoint Energy
7D
2.1%
1Y
16.9%
BKH
US$75.10
Black Hills
7D
-0.9%
1Y
33.4%
AVA
US$42.18
Avista
7D
-0.3%
1Y
14.1%