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U.S. Multi-Utilities Industry Analysis

UpdatedMay 21, 2026
DataAggregated Company Financials
Companies15
  • 7D1.2%
  • 3M-1.7%
  • 1Y11.0%
  • YTDn/a

Over the last 7 days, the Multi-Utilities industry has risen 1.2%, driven by gains from Dominion Energy of 8.0%. This means that the industry has gained 11% over the past year. 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
Thu, 21 May 2026US$399.5bUS$151.6bUS$17.8b20.5x22.4x2.6x
Sat, 18 Apr 2026US$405.6bUS$147.4bUS$17.5b21.4x23.1x2.8x
Mon, 16 Mar 2026US$408.1bUS$147.4bUS$17.6b21.3x23.2x2.8x
Wed, 11 Feb 2026US$383.2bUS$144.6bUS$17.4b20.7x22.1x2.7x
Fri, 09 Jan 2026US$362.1bUS$143.1bUS$17.4b19.1x20.9x2.5x
Sun, 07 Dec 2025US$369.1bUS$143.1bUS$17.4b19.1x21.3x2.6x
Tue, 04 Nov 2025US$373.2bUS$141.0bUS$17.3b20.1x21.5x2.6x
Thu, 02 Oct 2025US$378.3bUS$138.4bUS$17.1b20.8x22.2x2.7x
Sat, 30 Aug 2025US$362.5bUS$138.4bUS$17.1b20.2x21.2x2.6x
Mon, 28 Jul 2025US$367.1bUS$135.2bUS$16.8b21.5x21.9x2.7x
Wed, 25 Jun 2025US$352.7bUS$135.1bUS$16.8b20.6x21x2.6x
Fri, 23 May 2025US$353.9bUS$135.1bUS$16.8b20.5x21.1x2.6x
Sun, 20 Apr 2025US$352.4bUS$130.3bUS$15.9b22.2x22.2x2.7x
Tue, 18 Mar 2025US$347.1bUS$130.3bUS$15.9b22x21.8x2.7x
Thu, 13 Feb 2025US$346.2bUS$129.5bUS$16.4b20.5x21.1x2.7x
Sat, 11 Jan 2025US$333.9bUS$128.9bUS$16.3b18.4x20.5x2.6x
Mon, 09 Dec 2024US$347.6bUS$128.9bUS$16.3b19.8x21.3x2.7x
Wed, 06 Nov 2024US$335.3bUS$128.3bUS$16.5b19.7x20.3x2.6x
Fri, 04 Oct 2024US$347.7bUS$128.0bUS$15.7b19.9x22.1x2.7x
Sun, 01 Sep 2024US$331.0bUS$128.0bUS$15.7b19.3x21.1x2.6x
Tue, 30 Jul 2024US$314.5bUS$126.9bUS$15.8b18.5x19.9x2.5x
Thu, 27 Jun 2024US$296.1bUS$126.7bUS$15.7b17.2x18.9x2.3x
Sat, 25 May 2024US$302.8bUS$126.7bUS$15.7b18.1x19.3x2.4x
Mon, 22 Apr 2024US$289.7bUS$131.6bUS$17.2b17.1x16.8x2.2x
Wed, 20 Mar 2024US$286.8bUS$131.6bUS$17.2b16.7x16.6x2.2x
Fri, 16 Feb 2024US$272.8bUS$137.4bUS$17.4b16.1x15.7x2x
Sun, 14 Jan 2024US$286.6bUS$138.1bUS$17.2b17.1x16.7x2.1x
Tue, 12 Dec 2023US$289.3bUS$138.1bUS$17.2b17.8x16.8x2.1x
Thu, 09 Nov 2023US$277.4bUS$138.4bUS$17.1b16.4x16.2x2x
Sat, 07 Oct 2023US$265.1bUS$141.3bUS$16.6b16.9x15.9x1.9x
Mon, 04 Sep 2023US$282.4bUS$141.3bUS$16.6b17.7x17x2x
Wed, 02 Aug 2023US$302.6bUS$141.3bUS$15.0b19.1x20.2x2.1x
Fri, 30 Jun 2023US$296.3bUS$144.0bUS$14.9b19.6x19.9x2.1x
Sun, 28 May 2023US$293.2bUS$144.0bUS$14.9b19.5x19.7x2x
Price to Earnings Ratio

19.7x


Total Market Cap: US$293.2bTotal 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 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 2.4x.
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-0.32%
Utilities-0.41%
Other Utilities1.22%
Multi-Utilities1.22%
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$67.738.0%
+US$4.4b		19.8%PE20.4x
PEG Public Service Enterprise GroupUS$78.061.1%
+US$418.6m		0.2%PE17.2x
DTE DTE EnergyUS$142.770.5%
+US$160.2m		4.9%PE23.5x
CNP CenterPoint EnergyUS$42.240.2%
+US$52.3m		13.5%PE25.8x
ED Consolidated EdisonUS$106.300.1%
+US$51.6m		1.0%PE18.2x

Latest News

CMS
US$72.95
CMS Energy
7D
0.2%
1Y
3.1%
D
US$67.73
Dominion Energy
7D
8.0%
1Y
19.8%
AEE
US$108.69
Ameren
7D
-0.4%
1Y
12.6%
SRE
US$91.46
Sempra
7D
-0.2%
1Y
19.0%
Narrative Update • May 20

SRE: Extended EPS Guidance And Rising Dividend Will Support Future Returns

Analysts have adjusted their Sempra price target to $104.00. The update reflects revised assumptions for revenue growth, profit margin, and a slightly lower future P/E multiple.
NWE
US$71.54
NorthWestern Energy Group
7D
0.5%
1Y
29.3%
CNP
US$42.24
CenterPoint Energy
7D
0.2%
1Y
13.5%
Seeking Alpha • May 19

CenterPoint Energy Is A Data Center Winner

Summary CenterPoint Energy is rated a "Buy," driven by its robust Texas-focused growth pipeline and strong earnings outlook. CNP targets 7%-9% annual EPS growth through 2035, supported by rapid population gains, industrial demand, and a favorable regulatory environment. Despite ongoing equity issuance to fund a $65.5 billion cap-ex plan, CNP expects to deliver 8%-9% EPS growth and a 2.2% dividend yield. CNP’s superior inflation control, large data center/industrial backlog, and capital recycling position it for 10%+ long-term total returns. Read the full article on Seeking Alpha
WEC
US$110.65
WEC Energy Group
7D
-1.4%
1Y
3.9%
ED
US$106.30
Consolidated Edison
7D
0.1%
1Y
1.0%
BKH
US$73.84
Black Hills
7D
-0.3%
1Y
26.8%
Narrative Update • May 17

BKH: Higher Margin Outlook And P/E Assumptions Are Expected To Support Returns

Analysts have raised their average price target for Black Hills to $83, citing updated assumptions around revenue growth, profit margins, and a slightly adjusted P/E outlook. This revision is supported by a series of recent target hikes and rating upgrades from major firms.
AVA
US$41.16
Avista
7D
0.9%
1Y
6.9%
PEG
US$78.06
Public Service Enterprise Group
7D
1.1%
1Y
0.2%
DTE
US$142.77
DTE Energy
7D
0.5%
1Y
4.9%
NI
US$47.02
NiSource
7D
-0.06%
1Y
21.0%