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U.S. Multi-Utilities Industry Analysis

UpdatedJun 08, 2026
DataAggregated Company Financials
Companies15
  • 7D3.4%
  • 3M-0.8%
  • 1Y12.6%
  • YTDn/a

In the last week, the Multi-Utilities industry is up 1.0%, with Sempra up 2.6%. This means that the industry has gained 12% over the past year. 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
Mon, 08 Jun 2026US$399.5bUS$151.6bUS$17.8b20.3x22.4x2.6x
Wed, 06 May 2026US$402.9bUS$150.4bUS$17.2b21.2x23.4x2.7x
Fri, 03 Apr 2026US$404.3bUS$147.4bUS$17.5b21.2x23.1x2.7x
Sun, 01 Mar 2026US$409.5bUS$147.4bUS$17.6b21.5x23.3x2.8x
Tue, 27 Jan 2026US$372.2bUS$143.1bUS$17.4b19.8x21.5x2.6x
Thu, 25 Dec 2025US$368.5bUS$143.1bUS$17.4b19.4x21.2x2.6x
Sat, 22 Nov 2025US$378.4bUS$143.1bUS$17.4b20.1x21.8x2.6x
Mon, 20 Oct 2025US$382.5bUS$138.4bUS$17.1b21.4x22.4x2.8x
Wed, 17 Sep 2025US$365.2bUS$138.4bUS$17.1b20.2x21.4x2.6x
Fri, 15 Aug 2025US$373.5bUS$138.4bUS$17.1b20.5x21.9x2.7x
Sun, 13 Jul 2025US$351.9bUS$135.1bUS$16.8b20.7x21x2.6x
Tue, 10 Jun 2025US$352.1bUS$135.1bUS$16.8b20.5x21x2.6x
Thu, 08 May 2025US$358.4bUS$134.9bUS$16.7b21.5x21.5x2.7x
Sat, 05 Apr 2025US$357.1bUS$130.3bUS$15.9b21.7x22.5x2.7x
Mon, 03 Mar 2025US$349.7bUS$130.3bUS$16.0b22x21.9x2.7x
Wed, 29 Jan 2025US$340.1bUS$128.9bUS$16.3b18.5x20.9x2.6x
Fri, 27 Dec 2024US$338.5bUS$128.9bUS$16.3b19.3x20.8x2.6x
Sun, 24 Nov 2024US$358.9bUS$128.9bUS$16.3b20.7x22x2.8x
Tue, 22 Oct 2024US$353.7bUS$128.0bUS$15.7b19.9x22.5x2.8x
Thu, 19 Sep 2024US$341.5bUS$128.0bUS$15.7b19.7x21.7x2.7x
Sat, 17 Aug 2024US$322.9bUS$128.0bUS$15.7b19.1x20.5x2.5x
Mon, 15 Jul 2024US$307.5bUS$126.7bUS$15.7b18.4x19.6x2.4x
Wed, 12 Jun 2024US$300.6bUS$126.7bUS$15.7b17.6x19.2x2.4x
Fri, 10 May 2024US$307.0bUS$126.8bUS$15.7b18.8x19.6x2.4x
Sun, 07 Apr 2024US$287.9bUS$131.6bUS$17.2b16.8x16.7x2.2x
Tue, 05 Mar 2024US$283.7bUS$131.6bUS$17.2b16.8x16.5x2.2x
Thu, 01 Feb 2024US$279.4bUS$138.1bUS$17.2b16.5x16.3x2x
Sat, 30 Dec 2023US$287.5bUS$138.1bUS$17.2b17.2x16.7x2.1x
Mon, 27 Nov 2023US$285.3bUS$138.1bUS$17.2b17.5x16.6x2.1x
Wed, 25 Oct 2023US$262.7bUS$141.3bUS$16.6b16.5x15.8x1.9x
Fri, 22 Sep 2023US$286.4bUS$141.3bUS$16.6b17.6x17.2x2x
Sun, 20 Aug 2023US$286.6bUS$141.3bUS$16.6b17.8x17.2x2x
Tue, 18 Jul 2023US$305.7bUS$144.0bUS$14.9b20.2x20.6x2.1x
Thu, 15 Jun 2023US$302.5bUS$144.0bUS$14.9b20x20.4x2.1x
Price to Earnings Ratio

20.4x


Total Market Cap: US$302.5bTotal 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 22.4x which is higher than its 3-year average PE of 20.1x.
  • 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 Market-2.49%
Utilities1.74%
Other Utilities3.41%
Multi-Utilities3.41%
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
SRE SempraUS$91.424.9%
+US$2.8b		22.4%PE31x
D Dominion EnergyUS$66.903.5%
+US$2.0b		20.2%PE20.1x
WEC WEC Energy GroupUS$112.954.0%
+US$1.4b		7.7%PE22.5x
PEG Public Service Enterprise GroupUS$79.483.7%
+US$1.4b		-0.3%PE17.5x
DTE DTE EnergyUS$145.774.2%
+US$1.2b		8.9%PE24x

Latest News

DTE
US$145.77
DTE Energy
7D
4.2%
1Y
8.9%
AEE
US$109.27
Ameren
7D
4.0%
1Y
13.9%
Narrative Update • Jun 07

AEE: Data Center Demand And Missouri Regulation Will Shape Future Returns

Narrative Update The blended analyst price target for Ameren has edged lower by about $0.53 to roughly $119.87, as analysts weigh slightly adjusted fair value and P/E assumptions in light of updated views on data center related growth and the Missouri regulatory backdrop. Analyst Commentary Recent research updates on Ameren reflect a mix of optimism around long term growth drivers and caution around current sector performance and valuation resets.
PEG
US$79.48
Public Service Enterprise Group
7D
3.7%
1Y
-0.3%
Narrative Update • Jun 07

PEG: Data Center Power Demand And Governance Reforms Will Shape Upside Potential

Analysts now set the price target for Public Service Enterprise Group at $89.64, up from $88.09. This change reflects updated sector views on regulated utilities and revised company assumptions around revenue, profit margins, and P/E expectations.
SRE
US$91.42
Sempra
7D
4.9%
1Y
22.4%
Narrative Update • Jun 06

SRE: LNG Milestone And Extended EPS Guidance Will Support Future Returns

Analysts have nudged their price target for Sempra slightly lower to about $103.62 from $104. This reflects updated views on fair value, growth, and margins while keeping core assumptions broadly steady.
D
US$66.90
Dominion Energy
7D
3.5%
1Y
20.2%
CNP
US$42.69
CenterPoint Energy
7D
3.4%
1Y
16.8%
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.
WEC
US$112.95
WEC Energy Group
7D
4.0%
1Y
7.7%
ED
US$106.26
Consolidated Edison
7D
2.6%
1Y
5.1%