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U.S. Multi-Utilities Industry Analysis

UpdatedJun 19, 2026
DataAggregated Company Financials
Companies15
  • 7D0.4%
  • 3M2.8%
  • 1Y13.9%
  • YTDn/a

In the last week, Multi-Utilities has been flat. The past year has been better, since the industry has gained 14% in that time. Earnings are forecast to grow by 12% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 19 Jun 2026US$399.4bUS$151.6bUS$17.8b20.7x22.4x2.6x
Sun, 17 May 2026US$387.6bUS$151.6bUS$17.8b20.2x21.7x2.6x
Tue, 14 Apr 2026US$412.4bUS$147.4bUS$17.5b21.2x23.5x2.8x
Thu, 12 Mar 2026US$401.5bUS$147.4bUS$17.6b20.9x22.8x2.7x
Sat, 07 Feb 2026US$383.1bUS$144.5bUS$17.4b20.3x22.1x2.7x
Mon, 05 Jan 2026US$370.8bUS$143.1bUS$17.4b19.4x21.4x2.6x
Wed, 03 Dec 2025US$376.0bUS$143.1bUS$17.4b19.7x21.7x2.6x
Fri, 31 Oct 2025US$374.3bUS$138.7bUS$17.2b20.4x21.8x2.7x
Sun, 28 Sep 2025US$373.4bUS$138.4bUS$17.1b20.7x21.9x2.7x
Tue, 26 Aug 2025US$366.4bUS$138.4bUS$17.1b20.2x21.5x2.6x
Thu, 24 Jul 2025US$366.4bUS$135.1bUS$16.8b21.4x21.8x2.7x
Sat, 21 Jun 2025US$346.6bUS$135.1bUS$16.8b20.4x20.6x2.6x
Mon, 19 May 2025US$355.8bUS$135.1bUS$16.8b20.9x21.2x2.6x
Wed, 16 Apr 2025US$351.6bUS$130.3bUS$15.9b21.9x22.1x2.7x
Fri, 14 Mar 2025US$339.7bUS$130.3bUS$15.9b21.6x21.4x2.6x
Sun, 09 Feb 2025US$342.6bUS$129.5bUS$16.7b20.1x20.5x2.6x
Tue, 07 Jan 2025US$337.6bUS$128.9bUS$16.3b18.7x20.7x2.6x
Thu, 05 Dec 2024US$352.9bUS$128.9bUS$16.3b20.2x21.6x2.7x
Sat, 02 Nov 2024US$345.4bUS$128.2bUS$16.1b19.4x21.4x2.7x
Mon, 30 Sep 2024US$343.9bUS$128.0bUS$15.7b19.8x21.9x2.7x
Wed, 28 Aug 2024US$331.4bUS$128.0bUS$15.7b19x21.1x2.6x
Fri, 26 Jul 2024US$313.0bUS$126.7bUS$15.7b19.4x19.9x2.5x
Sun, 23 Jun 2024US$295.9bUS$126.7bUS$15.7b17.3x18.9x2.3x
Tue, 21 May 2024US$312.7bUS$126.7bUS$15.7b18.5x19.9x2.5x
Thu, 18 Apr 2024US$282.2bUS$131.6bUS$17.2b16.6x16.4x2.1x
Sat, 16 Mar 2024US$283.9bUS$131.6bUS$17.2b16.5x16.5x2.2x
Mon, 12 Feb 2024US$273.8bUS$137.4bUS$17.4b15.7x15.7x2x
Wed, 10 Jan 2024US$292.6bUS$138.1bUS$17.2b17.6x17x2.1x
Fri, 08 Dec 2023US$287.5bUS$138.1bUS$17.2b17.8x16.7x2.1x
Sun, 05 Nov 2023US$279.7bUS$138.4bUS$17.1b16.7x16.3x2x
Tue, 03 Oct 2023US$269.5bUS$141.3bUS$16.6b16x16.2x1.9x
Thu, 31 Aug 2023US$287.6bUS$141.3bUS$16.6b17.9x17.3x2x
Sat, 29 Jul 2023US$307.6bUS$141.3bUS$15.0b19.4x20.5x2.2x
Mon, 26 Jun 2023US$295.8bUS$144.0bUS$14.9b19.5x19.9x2.1x
Price to Earnings Ratio

19.9x


Total Market Cap: US$295.8bTotal Earnings: US$14.9bTotal Revenue: US$144.0bTotal 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 22.7x 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 6.3% 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 Market1.65%
Utilities1.55%
Other Utilities0.43%
Multi-Utilities0.43%
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$68.412.6%
+US$1.5b		26.3%PE20.6x
PEG Public Service Enterprise GroupUS$79.891.4%
+US$553.1m		-2.7%PE17.6x
DTE DTE EnergyUS$147.561.2%
+US$368.2m		12.0%PE24.3x
NI NiSourceUS$47.261.4%
+US$306.8m		20.3%PE23.5x
CNP CenterPoint EnergyUS$42.820.6%
+US$176.6m		20.4%PE26.2x

Latest News

DTE
US$147.56
DTE Energy
7D
1.2%
1Y
12.0%
WEC
US$112.17
WEC Energy Group
7D
-0.8%
1Y
8.0%
Analysis Article • 6h

WEC Energy Group (WEC) Stock Could Be 9.7% Undervalued After Wisconsin Tariff Approval

Regulatory approval reshapes growth outlook for WEC Energy Group stock WEC Energy Group (WEC) is back in focus after Wisconsin regulators approved its Very Large Customer tariff, a move that directly targets new electric loads of 100 megawatts or more. This tariff is designed to let WEC Energy Group serve large industrial and data center style customers with clearer cost recovery and reduced project risk. It ties directly into the company’s planned US$37.5b capital program for 2026 to...
SRE
US$90.69
Sempra
7D
-0.9%
1Y
21.9%
PEG
US$79.89
Public Service Enterprise Group
7D
1.4%
1Y
-2.7%
BKH
US$72.75
Black Hills
7D
1.4%
1Y
30.0%
CMS
US$73.38
CMS Energy
7D
0.7%
1Y
6.7%
UTL
US$50.96
Unitil
7D
-0.6%
1Y
-1.9%
Narrative Update • Jun 17

UTL: Neutral Coverage And Stable Assumptions Will Shape Fairly Valued Stock

Analysts have kept their blended fair value estimate for Unitil steady at about $55.67 per share, with recent neutral initiations and a downgrade contributing to only minimal tweaks in underlying growth, margin, and P/E assumptions rather than a decisive shift in the stock’s overall outlook. Analyst Commentary Recent research on Unitil circles around a neutral stance, with analysts pointing to a mix of support factors and potential pressure points that help explain why the blended fair value estimate sits around $55.67 per share.
AVA
US$39.76
Avista
7D
-5.4%
1Y
6.0%
Analysis Article • Jun 16

Avista (AVA) Stock Could Be 4.3% Undervalued After Data Center Pause

Avista (AVA) recently paused new large data center energy requests, including talks on a prospective 500 MW project in Washington, after community concerns about its potential impact and the need for broader stakeholder alignment. See our latest analysis for Avista. The pause on data center requests has coincided with a 3.42% decline in Avista's 1 day share price return to $40.98 and a softer 7 day share price return of 2.43%. However, its year to date share price return of 5.84% and 1 year...
D
US$68.41
Dominion Energy
7D
2.6%
1Y
26.3%
ED
US$106.36
Consolidated Edison
7D
-0.4%
1Y
5.6%
Seeking Alpha • Jun 13

Consolidated Edison: A Steady Dividend King, Solid Valuation Ahead Of Summer

Summary Consolidated Edison remains a buy, offering a 3.3% yield, a 52-year dividend growth streak, and modest undervaluation versus intrinsic value. ED reaffirmed 2026 adjusted EPS guidance of $6.00–$6.20, with sell-side upgrades and projected steady earnings growth above 7% for FY 2026. Valuation supports upside: applying an 18.75x P/E to $6.25 normalized EPS yields a $117 target, above current levels, with a PEG ratio below the historical mean. Technical setup is constructive with rising 200-day moving average, but resistance at $114–$117 and weak RSI suggest momentum confirmation is needed. Read the full article on Seeking Alpha
AEE
US$108.67
Ameren
7D
0.4%
1Y
15.1%
NI
US$47.26
NiSource
7D
1.4%
1Y
20.3%
Narrative Update • Jun 05

NI: GenCo Data Center Agreements Will Support Future Returns And Customer Savings

Analysts have reaffirmed their $51.36 price target for NiSource, citing relatively steady assumptions for the discount rate, revenue growth, profit margin, and future P/E. What's in the News NiSource announced a long term energy agreement with an Alphabet subsidiary to support a large scale data center in northern Indiana, using the NIPSCO Generation LLC (GenCo) model to serve large load customers while aiming to provide benefits to existing customers and local communities.
CNP
US$42.82
CenterPoint Energy
7D
0.6%
1Y
20.4%
Narrative Update • Jun 05

CNP: Future Returns Will Reflect Weather Resilience Efforts And Execution Risks

Analysts have trimmed the CenterPoint Energy fair value estimate slightly, with the target moving from $46.13 to $46.00. This reflects updated sector-wide utilities assumptions and refreshed views on long term growth, margins, and P/E levels after a mix of recent price target cuts and increases across the Street.