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U.S. Multi-Utilities Industry Analysis

UpdatedMar 18, 2026
DataAggregated Company Financials
Companies15
  • 7D1.6%
  • 3M10.5%
  • 1Y14.9%
  • YTDn/a

Over the last 7 days, the Multi-Utilities industry has risen 1.6%, driven by gains from Sempra of 3.2%. This takes the industry's 12 month performance to a gain of 15%. 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
Wed, 18 Mar 2026US$410.2bUS$147.4bUS$17.6b21.3x23.3x2.8x
Fri, 13 Feb 2026US$394.8bUS$145.0bUS$17.5b21.2x22.6x2.7x
Sun, 11 Jan 2026US$365.8bUS$143.1bUS$17.4b19.2x21.1x2.6x
Tue, 09 Dec 2025US$368.7bUS$143.1bUS$17.4b19.1x21.3x2.6x
Thu, 06 Nov 2025US$375.1bUS$141.0bUS$17.3b20.1x21.6x2.7x
Sat, 04 Oct 2025US$373.2bUS$138.4bUS$17.1b20.7x21.9x2.7x
Mon, 01 Sep 2025US$363.5bUS$138.4bUS$17.1b20.2x21.3x2.6x
Wed, 30 Jul 2025US$361.9bUS$135.7bUS$16.7b21.3x21.7x2.7x
Fri, 27 Jun 2025US$347.7bUS$135.1bUS$16.8b20.2x20.7x2.6x
Sun, 25 May 2025US$354.5bUS$135.1bUS$16.8b20.6x21.1x2.6x
Tue, 22 Apr 2025US$352.4bUS$130.3bUS$15.9b22x22.2x2.7x
Thu, 20 Mar 2025US$350.0bUS$130.3bUS$15.9b22.2x22x2.7x
Sat, 15 Feb 2025US$349.8bUS$130.1bUS$16.3b20.5x21.5x2.7x
Mon, 13 Jan 2025US$327.0bUS$128.9bUS$16.3b18.4x20.1x2.5x
Wed, 11 Dec 2024US$344.9bUS$128.9bUS$16.3b19.7x21.2x2.7x
Fri, 08 Nov 2024US$342.1bUS$128.6bUS$16.3b19.7x21x2.7x
Sun, 06 Oct 2024US$347.0bUS$128.0bUS$15.7b19.9x22.1x2.7x
Tue, 03 Sep 2024US$331.0bUS$128.0bUS$15.7b19.3x21.1x2.6x
Thu, 01 Aug 2024US$319.6bUS$127.3bUS$15.9b18.7x20.2x2.5x
Sat, 29 Jun 2024US$297.7bUS$126.7bUS$15.7b17.3x19x2.4x
Mon, 27 May 2024US$304.6bUS$126.7bUS$15.7b18.1x19.4x2.4x
Wed, 24 Apr 2024US$293.4bUS$131.6bUS$17.2b17.1x17x2.2x
Fri, 22 Mar 2024US$285.3bUS$131.6bUS$17.2b16.6x16.6x2.2x
Sun, 18 Feb 2024US$277.8bUS$136.8bUS$17.6b16x15.8x2x
Tue, 16 Jan 2024US$286.6bUS$138.1bUS$17.2b17.1x16.7x2.1x
Thu, 14 Dec 2023US$288.1bUS$138.1bUS$17.2b18.5x16.8x2.1x
Sat, 11 Nov 2023US$272.9bUS$138.1bUS$17.2b16.4x15.9x2x
Mon, 09 Oct 2023US$265.1bUS$141.3bUS$16.6b16.9x15.9x1.9x
Wed, 06 Sep 2023US$277.6bUS$141.3bUS$16.6b17.4x16.7x2x
Fri, 04 Aug 2023US$293.9bUS$141.5bUS$15.6b18.6x18.8x2.1x
Sun, 02 Jul 2023US$298.6bUS$144.0bUS$14.9b19.7x20.1x2.1x
Tue, 30 May 2023US$293.2bUS$144.0bUS$14.9b19.5x19.7x2x
Thu, 27 Apr 2023US$314.6bUS$138.1bUS$12.5b21.6x25.1x2.3x
Sat, 25 Mar 2023US$299.0bUS$138.1bUS$12.5b20.5x23.8x2.2x
Price to Earnings Ratio

23.8x


Total Market Cap: US$299.0bTotal 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 23.3x 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 2.8x.
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-0.97%
Utilities0.96%
Other Utilities1.65%
Multi-Utilities1.65%
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$95.943.2%
+US$1.9b		35.6%PE34.9x
ED Consolidated EdisonUS$114.903.2%
+US$1.3b		6.6%PE20.5x
WEC WEC Energy GroupUS$117.292.4%
+US$908.2m		8.8%PE24.5x
PEG Public Service Enterprise GroupUS$84.741.8%
+US$733.1m		3.1%PE20x
CMS CMS EnergyUS$78.292.4%
+US$569.9m		6.5%PE22.6x

Latest News

NI
US$47.26
NiSource
7D
1.5%
1Y
21.4%
CMS
US$78.29
CMS Energy
7D
2.4%
1Y
6.5%
SRE
US$95.94
Sempra
7D
3.2%
1Y
35.6%
NWE
US$67.67
NorthWestern Energy Group
7D
-0.2%
1Y
21.0%
ED
US$114.90
Consolidated Edison
7D
3.2%
1Y
6.6%
AEE
US$112.23
Ameren
7D
1.7%
1Y
12.4%

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$117.29
WEC Energy Group
7D
2.4%
1Y
8.8%

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$149.34
DTE Energy
7D
1.1%
1Y
10.3%

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.
PEG
US$84.74
Public Service Enterprise Group
7D
1.8%
1Y
3.1%