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U.S. Multi-Utilities Industry Analysis

UpdatedApr 03, 2026
DataAggregated Company Financials
Companies15
  • 7D3.1%
  • 3M9.5%
  • 1Y12.7%
  • YTDn/a

Over the last 7 days, the Multi-Utilities industry has risen 3.1%, driven by gains from every company within the industry. In the last 12 months, the industry was up 13%. 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
Sat, 04 Apr 2026US$404.3bUS$147.4bUS$17.5b21.2x23.1x2.7x
Mon, 02 Mar 2026US$409.5bUS$147.4bUS$17.6b21.5x23.3x2.8x
Wed, 28 Jan 2026US$375.6bUS$143.1bUS$17.4b20x21.6x2.6x
Fri, 26 Dec 2025US$368.5bUS$143.1bUS$17.4b19.4x21.2x2.6x
Sun, 23 Nov 2025US$380.8bUS$143.1bUS$17.4b20.1x21.9x2.7x
Tue, 21 Oct 2025US$386.3bUS$138.4bUS$17.1b21.4x22.6x2.8x
Thu, 18 Sep 2025US$359.0bUS$138.4bUS$17.1b20.2x21x2.6x
Sat, 16 Aug 2025US$369.9bUS$138.4bUS$17.1b20.5x21.7x2.7x
Mon, 14 Jul 2025US$352.1bUS$135.1bUS$16.8b20.7x21x2.6x
Wed, 11 Jun 2025US$349.8bUS$135.1bUS$16.8b20.7x20.8x2.6x
Fri, 09 May 2025US$360.6bUS$134.9bUS$16.7b21.1x21.6x2.7x
Sun, 06 Apr 2025US$338.4bUS$130.3bUS$15.9b21.7x21.3x2.6x
Tue, 04 Mar 2025US$349.7bUS$130.3bUS$15.9b22.1x22x2.7x
Thu, 30 Jan 2025US$336.3bUS$128.9bUS$16.3b18.5x20.6x2.6x
Sat, 28 Dec 2024US$338.0bUS$128.9bUS$16.3b19.3x20.7x2.6x
Mon, 25 Nov 2024US$358.9bUS$128.9bUS$16.3b20.7x22x2.8x
Wed, 23 Oct 2024US$352.3bUS$128.0bUS$15.7b19.8x22.4x2.8x
Fri, 20 Sep 2024US$338.4bUS$128.0bUS$15.7b19.4x21.5x2.6x
Sun, 18 Aug 2024US$324.8bUS$128.0bUS$15.7b19.1x20.7x2.5x
Tue, 16 Jul 2024US$307.5bUS$126.7bUS$15.7b18.3x19.6x2.4x
Thu, 13 Jun 2024US$301.1bUS$126.7bUS$15.7b17.5x19.2x2.4x
Sat, 11 May 2024US$310.4bUS$126.7bUS$15.7b18.7x19.8x2.5x
Mon, 08 Apr 2024US$287.9bUS$131.6bUS$17.2b16.8x16.7x2.2x
Wed, 06 Mar 2024US$283.7bUS$131.6bUS$17.2b16.7x16.5x2.2x
Fri, 02 Feb 2024US$283.5bUS$137.5bUS$17.3b16.7x16.4x2.1x
Sun, 31 Dec 2023US$287.7bUS$138.1bUS$17.2b17.2x16.7x2.1x
Tue, 28 Nov 2023US$285.3bUS$138.1bUS$17.2b17.4x16.6x2.1x
Thu, 26 Oct 2023US$268.2bUS$141.3bUS$16.6b16.7x16.1x1.9x
Sat, 23 Sep 2023US$286.3bUS$141.3bUS$16.6b17.7x17.2x2x
Mon, 21 Aug 2023US$286.6bUS$141.3bUS$16.6b17.8x17.2x2x
Wed, 19 Jul 2023US$299.1bUS$144.0bUS$14.9b19.9x20.1x2.1x
Fri, 16 Jun 2023US$302.5bUS$144.0bUS$14.9b20.3x20.4x2.1x
Sun, 14 May 2023US$314.3bUS$144.0bUS$14.9b21.1x21.2x2.2x
Tue, 11 Apr 2023US$319.4bUS$138.1bUS$12.5b22x25.5x2.3x
Price to Earnings Ratio

25.5x


Total Market Cap: US$319.4bTotal 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 20.1x202420252026
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 23.1x 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 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 Market1.90%
Utilities2.07%
Other Utilities3.11%
Multi-Utilities3.11%
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$99.203.8%
+US$2.4b		40.3%PE36.1x
D Dominion EnergyUS$62.773.1%
+US$1.6b		11.6%PE18.6x
ED Consolidated EdisonUS$115.433.5%
+US$1.4b		2.4%PE20.6x
WEC WEC Energy GroupUS$117.583.1%
+US$1.2b		8.3%PE24.6x
NI NiSourceUS$47.494.5%
+US$1.0b		19.5%PE24.6x

Latest News

AEE
US$111.68
Ameren
7D
2.9%
1Y
9.8%
NI
US$47.49
NiSource
7D
4.5%
1Y
19.5%
SRE
US$99.20
Sempra
7D
3.8%
1Y
40.3%
D
US$62.77
Dominion Energy
7D
3.1%
1Y
11.6%

D: Offshore Wind Progress And EPS Guidance Will Support Steady Long-Term Returns

Analysts have inched their price target on Dominion Energy higher to $65.63 from $65.25, citing updated assumptions for revenue growth, profit margin, discount rate and future P/E that slightly adjust the stock's valuation outlook. What's in the News Issued 2026 operating earnings guidance of $3.45 to $3.69 per share, with a midpoint of $3.57 per share that includes $0.07 per share of RNG 45Z income (company guidance).
WEC
US$117.58
WEC Energy Group
7D
3.1%
1Y
8.3%

WEC: Data Center Capex And Dividend Path Will Shape Future Profile

Analysts have nudged their average price target on WEC Energy Group higher to $123, reflecting updated views on long term earnings potential tied to an expanded capex plan and projected data center driven demand, while overall valuation assumptions, including the discount rate and future P/E, remain largely consistent. Analyst Commentary Recent Street research on WEC Energy Group shows a mix of optimism and caution as analysts update models around earnings visibility, capital spending plans, and data center exposure.
CNP
US$43.71
CenterPoint Energy
7D
3.3%
1Y
17.0%

CNP: Future Returns Will Hinge On Accelerated Load Timing And Regulatory Outcomes

Analysts have nudged their average price target for CenterPoint Energy up by about $0.88, citing recent Q4 updates around load growth, capex planning, and regulatory developments as key supports for the higher fair value estimate. Analyst Commentary Recent research updates show a cluster of price target increases and one downgrade, giving you a mixed but generally constructive view of how Wall Street is thinking about CenterPoint Energy after Q4.
DTE
US$148.04
DTE Energy
7D
2.5%
1Y
6.1%

DTE: Future Earnings And Dividend Will Be Balanced By Legal Settlement Risk

Analysts have adjusted their fair value estimate for DTE Energy from $151.50 to about $154.35, reflecting updated views on long term revenue growth, profit margins, and future price-to-earnings assumptions. What's in the News DTE Energy confirmed its 2026 operating EPS guidance range of $7.59 to $7.73, giving investors a reference point for management’s current earnings expectations for that year (company guidance).
ED
US$115.43
Consolidated Edison
7D
3.5%
1Y
2.4%