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U.S. Multi-Utilities Industry Analysis

UpdatedMay 03, 2026
DataAggregated Company Financials
Companies15
  • 7D1.3%
  • 3M6.9%
  • 1Y11.7%
  • YTDn/a

Over the last 7 days, the Multi-Utilities industry has risen 1.3%, driven by gains from Dominion Energy of 2.2%. This takes the industry's 12 month performance to a gain of 12%. As for the next few years, earnings are expected to grow by 12% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 03 May 2026US$405.6bUS$148.7bUS$17.5b21.4x23.2x2.7x
Tue, 31 Mar 2026US$397.0bUS$147.4bUS$17.5b20.8x22.6x2.7x
Thu, 26 Feb 2026US$405.5bUS$147.0bUS$17.9b21.2x22.7x2.8x
Sat, 24 Jan 2026US$373.3bUS$143.1bUS$17.4b19.6x21.5x2.6x
Mon, 22 Dec 2025US$364.1bUS$143.1bUS$17.4b19.2x21x2.5x
Wed, 19 Nov 2025US$384.3bUS$143.1bUS$17.4b20.1x22.1x2.7x
Fri, 17 Oct 2025US$385.2bUS$138.4bUS$17.1b21.3x22.6x2.8x
Sun, 14 Sep 2025US$365.4bUS$138.4bUS$17.1b20.5x21.4x2.6x
Tue, 12 Aug 2025US$372.5bUS$138.4bUS$17.1b20.6x21.8x2.7x
Thu, 10 Jul 2025US$348.0bUS$135.1bUS$16.8b20.4x20.7x2.6x
Sat, 07 Jun 2025US$351.0bUS$135.1bUS$16.8b20.7x20.9x2.6x
Mon, 05 May 2025US$357.8bUS$134.0bUS$16.4b21.5x21.8x2.7x
Wed, 02 Apr 2025US$355.8bUS$130.3bUS$15.9b22.6x22.4x2.7x
Fri, 28 Feb 2025US$348.9bUS$130.3bUS$16.0b21.6x21.8x2.7x
Sun, 26 Jan 2025US$338.3bUS$128.9bUS$16.3b18.6x20.7x2.6x
Tue, 24 Dec 2024US$336.0bUS$128.9bUS$16.3b19.1x20.6x2.6x
Thu, 21 Nov 2024US$353.4bUS$128.9bUS$16.3b20.4x21.7x2.7x
Sat, 19 Oct 2024US$352.3bUS$128.0bUS$15.7b20.2x22.4x2.8x
Mon, 16 Sep 2024US$339.8bUS$128.0bUS$15.7b19.7x21.6x2.7x
Wed, 14 Aug 2024US$321.9bUS$128.0bUS$15.7b19x20.5x2.5x
Fri, 12 Jul 2024US$299.0bUS$126.7bUS$15.7b18.3x19.1x2.4x
Sun, 09 Jun 2024US$300.0bUS$126.7bUS$15.7b17.5x19.1x2.4x
Tue, 07 May 2024US$301.9bUS$130.1bUS$15.8b18.4x19.1x2.3x
Thu, 04 Apr 2024US$289.5bUS$131.6bUS$17.2b16.9x16.8x2.2x
Sat, 02 Mar 2024US$281.2bUS$131.8bUS$17.2b16.5x16.3x2.1x
Mon, 29 Jan 2024US$276.3bUS$138.1bUS$17.2b16.3x16.1x2x
Wed, 27 Dec 2023US$285.2bUS$138.1bUS$17.2b17.2x16.6x2.1x
Fri, 24 Nov 2023US$282.4bUS$138.1bUS$17.2b17.4x16.4x2x
Sun, 22 Oct 2023US$265.0bUS$141.3bUS$16.6b16.7x15.9x1.9x
Tue, 19 Sep 2023US$291.4bUS$141.3bUS$16.6b18.1x17.5x2.1x
Thu, 17 Aug 2023US$284.9bUS$141.3bUS$16.6b17.9x17.1x2x
Sat, 15 Jul 2023US$305.7bUS$144.0bUS$14.9b20.6x20.6x2.1x
Mon, 12 Jun 2023US$303.6bUS$144.0bUS$14.9b20.2x20.4x2.1x
Wed, 10 May 2023US$316.2bUS$144.0bUS$14.9b20.8x21.3x2.2x
Price to Earnings Ratio

21.3x


Total Market Cap: US$316.2bTotal 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 20.1x202420252026
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 23.4x which is higher than its 3-year average PE of 20.1x.
  • 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 5.6% 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 Market0.85%
Utilities0.38%
Other Utilities1.26%
Multi-Utilities1.26%
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$63.942.2%
+US$1.2b		16.3%PE18.9x
SRE SempraUS$94.671.6%
+US$960.4m		25.4%PE34.4x
WEC WEC Energy GroupUS$117.462.5%
+US$931.5m		8.1%PE24.6x
AEE AmerenUS$113.562.2%
+US$675.0m		14.2%PE21.6x
CNP CenterPoint EnergyUS$43.352.1%
+US$575.7m		11.2%PE26.5x

Latest News

UTL
US$51.85
Unitil
7D
-1.7%
1Y
-12.1%
BKH
US$75.50
Black Hills
7D
1.8%
1Y
23.2%
AEE
US$113.56
Ameren
7D
2.2%
1Y
14.2%
DTE
US$148.79
DTE Energy
7D
1.3%
1Y
9.1%

DTE Energy Q1 Review: A Fairly Valued Quality Utility To Buy Now

Apr 30
CMS
US$76.03
CMS Energy
7D
-0.3%
1Y
4.3%
CNP
US$43.35
CenterPoint Energy
7D
2.1%
1Y
11.2%
PEG
US$80.15
Public Service Enterprise Group
7D
-0.7%
1Y
0.8%
D
US$63.94
Dominion Energy
7D
2.2%
1Y
16.3%

D: Extended EPS Guidance And Modest Fair Value Shift Will Support Steady Returns

Analysts have slightly raised Dominion Energy's implied fair value by about $0.54 per share. This reflects small adjustments to projected revenue growth, profit margins, and future P/E assumptions in their updated price target work.
WEC
US$117.46
WEC Energy Group
7D
2.5%
1Y
8.1%

WEC: Data Center Capex And Dividend Moves Will Shape Fairly Balanced Outlook

Analysts have raised the average price target for WEC Energy Group by about $1.61 to $124.69, citing recent target increases linked to updated capital plans, data center related load expectations, and reaffirmed earnings guidance as key drivers of the change. Analyst Commentary Recent research updates around WEC Energy Group give you a mix of optimism and caution, with several firms revising price targets and views as they digest the company’s larger capital plan, data center related demand, and updated guidance.
AVA
US$40.72
Avista
7D
-1.0%
1Y
-2.5%

AVA: Environmental Compliance Progress And Dividend Profile Will Support Balanced Outlook

Analysts have revised their price target for Avista to $42.80 from $40.33, citing updated assumptions for revenue growth, profit margin, and future P/E that refine their outlook on the stock's valuation. What’s in the News Federal regulators completed an environmental assessment of Avista’s proposal to rehabilitate the North Channel Dam at the Spokane River Hydroelectric Project, finding that the amendment with environmental measures would not significantly affect the quality of the human environment.
SRE
US$94.67
Sempra
7D
1.6%
1Y
25.4%

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

Analysts have nudged their price target for Sempra higher to about $104 from roughly $103, reflecting updated assumptions around slightly different revenue growth, profit margin, and future P/E expectations. What's in the News Sempra issued new full-year 2027 earnings guidance, with EPS expected in a range of $5.10 to $5.70.
ED
US$110.49
Consolidated Edison
7D
1.3%
1Y
0.4%