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U.S. Multi-Utilities Industry Analysis

UpdatedAug 12, 2026
DataAggregated Company Financials
Companies16
  • 7D-2.0%
  • 3M-1.9%
  • 1Y2.6%
  • YTDn/a

Over the last 7 days, the Multi-Utilities industry has dropped 2.0%, driven by NiSource declining 5.7%. As for the longer term, the industry's performance has been flat for the past year. Earnings are forecast to grow by 5.2% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 13 Aug 2026US$383.1bUS$153.8bUS$17.6b21.5x21.7x2.5x
Sat, 11 Jul 2026US$408.4bUS$151.6bUS$17.8b21.2x22.9x2.7x
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
Price to Earnings Ratio

17.2x


Total Market Cap: US$286.6bTotal Earnings: US$16.6bTotal Revenue: US$141.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Multi-Utilities Industry Price to Earnings3Y Average 20.3x202420252026
Current Industry PE
  • Investors are relatively neutral on the American Multi-Utilities industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 20.3x.
  • 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 remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 2.9% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.

Industry Comparison

How does U.S. Multi-Utilities compare with similar industries?

US Market0.091%
Utilities-0.78%
Other Utilities-1.96%
Multi-Utilities-1.96%
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$85.921.5%
+US$840.2m		4.5%PE24.8x
WEC WEC Energy GroupUS$109.110.8%
+US$277.0m		-0.8%PE21x
PEG Public Service Enterprise GroupUS$75.870.4%
+US$164.5m		-13.5%PE18.8x
BKH Black HillsUS$73.162.0%
+US$118.8m		19.0%PE18.7x
NWE NorthWestern Energy GroupUS$70.562.1%
+US$87.4m		26.0%PE25.3x

Latest News

ED
US$107.78
Consolidated Edison
7D
-0.5%
1Y
4.0%
NI
US$41.99
NiSource
7D
-2.1%
1Y
-1.6%
WEC
US$109.11
WEC Energy Group
7D
0.8%
1Y
-0.8%
AVA
US$38.53
Avista
7D
-0.8%
1Y
1.9%
CNP
US$40.53
CenterPoint Energy
7D
-0.3%
1Y
4.9%
Seeking Alpha • Aug 10

CenterPoint Energy: Not Exciting After The Pullback

Summary CenterPoint Energy is capitalizing on Houston's rapid population, industrial, and data-center-driven electricity demand, supporting a $66.7B capital plan. CNP targets 7-9% non-GAAP EPS growth through 2035, but recent capital plan expansions require ongoing external financing and may introduce dilution risk. Shares trade at a 21.3x forward multiple, reflecting much of the growth story; dividend yield is below peers, and valuation offers limited margin of safety. I rate CNP a Hold, preferring either a lower entry point or clearer evidence of large-load pipeline conversion to contracted, rate-base-producing assets. Read the full article on Seeking Alpha
NWE
US$70.56
NorthWestern Energy Group
7D
2.1%
1Y
26.0%
SRE
US$85.92
Sempra
7D
1.5%
1Y
4.5%
BKH
US$73.16
Black Hills
7D
2.0%
1Y
19.0%
UTL
US$53.97
Unitil
7D
0.8%
1Y
7.2%
Analysis Article • Aug 07

Unitil Corporation Just Beat Revenue By 5.0%: Here's What Analysts Think Will Happen Next

Last week saw the newest quarterly earnings release from Unitil Corporation ( NYSE:UTL ), an important milestone in the...
PEG
US$75.87
Public Service Enterprise Group
7D
0.4%
1Y
-13.5%
Narrative Update • Aug 05

PEG: Data Center Demand And New Jersey Reforms Will Drive Upside

For Public Service Enterprise Group, the updated analyst price target framework now points to an implied value of about $87 per share, a reduction of roughly $2 from the prior estimate of about $90. Analysts are factoring in recent target cuts tied to New Jersey regulatory headwinds, modestly adjusted earnings expectations and slightly lower future P/E assumptions, partly offset by firmer revenue growth forecasts.
D
US$68.04
Dominion Energy
7D
-0.3%
1Y
9.6%
AEE
US$108.82
Ameren
7D
-0.1%
1Y
6.5%
CMS
US$70.02
CMS Energy
7D
-2.2%
1Y
-4.7%
DTE
US$138.68
DTE Energy
7D
-0.7%
1Y
-2.0%