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U.S. Multi-Utilities Industry Analysis

UpdatedMar 12, 2026
DataAggregated Company Financials
Companies15
  • 7D-2.3%
  • 3M8.9%
  • 1Y15.5%
  • YTDn/a

Over the last 7 days, the Multi-Utilities industry has dropped 2.3%, driven by declines from every company within the industry. This takes the industry's 12 month performance to a gain of 16%. 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
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
Wed, 24 May 2023US$300.6bUS$144.0bUS$14.9b20x20.2x2.1x
Fri, 21 Apr 2023US$318.1bUS$138.1bUS$12.5b21.7x25.4x2.3x
Sun, 19 Mar 2023US$303.2bUS$138.1bUS$12.5b20.7x24.2x2.2x
Price to Earnings Ratio

24.2x


Total Market Cap: US$303.2bTotal Earnings: US$12.5bTotal 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 22.8x 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-1.47%
Utilities-2.45%
Other Utilities-2.26%
Multi-Utilities-2.26%
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
No data available

Latest News

AEE
US$109.35
Ameren
7D
-3.5%
1Y
12.2%

AEE: Regulatory And Data Center Execution Will Shape Fairly Valued Returns

Ameren's analyst price target has inched higher to $115.69 from $115.38, as analysts fine tune their models with slightly higher revenue growth assumptions, a modestly higher future P/E, and some offset from lower projected profit margins, along with recent Street target increases into the $116 to $127 range. Analyst Commentary Recent Street research on Ameren reflects an active period of target revisions, with several firms adjusting their valuation frameworks around utilities and regulated power names.
WEC
US$113.30
WEC Energy Group
7D
-3.6%
1Y
8.2%

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.
DTE
US$146.52
DTE Energy
7D
-2.4%
1Y
11.5%

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.
SRE
US$92.79
Sempra
7D
-2.7%
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$42.95
CenterPoint Energy
7D
-2.4%
1Y
24.3%

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.
NI
US$46.26
NiSource
7D
-2.7%
1Y
18.5%

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

Analysts have nudged their price target for NiSource slightly higher to $48.08 from $47.85, reflecting updated assumptions around revenue growth, profit margins, and future P/E expectations. What's in the News The board of directors declared a quarterly common stock dividend of $0.30 per share for NiSource, scheduled to be paid on February 20, 2026, to shareholders of record as of February 3, 2026 (Key Developments).
PEG
US$82.31
Public Service Enterprise Group
7D
-1.9%
1Y
3.4%
CMS
US$75.84
CMS Energy
7D
-2.9%
1Y
6.5%

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.