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U.S. Multi-Utilities Industry Analysis

UpdatedMay 19, 2026
DataAggregated Company Financials
Companies15
  • 7D-0.06%
  • 3M-3.3%
  • 1Y8.4%
  • YTDn/a

Over the last 7 days, the Multi-Utilities industry has dropped 1.7%, driven by a pullback from Sempra of 2.8%. Meanwhile, Dominion Energy actually outperformed within the industry, gaining 8.0% in the last week. In the past year, the industry has gained 6.7%. Looking forward, 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
Tue, 19 May 2026US$387.6bUS$151.6bUS$17.8b20.3x21.7x2.6x
Thu, 16 Apr 2026US$407.6bUS$147.4bUS$17.5b21x23.2x2.8x
Sat, 14 Mar 2026US$402.2bUS$147.4bUS$17.6b21.3x22.9x2.7x
Mon, 09 Feb 2026US$383.0bUS$144.5bUS$17.4b20.3x22x2.6x
Wed, 07 Jan 2026US$365.6bUS$143.1bUS$17.4b19.3x21.1x2.6x
Fri, 05 Dec 2025US$372.5bUS$143.1bUS$17.4b19.6x21.5x2.6x
Sun, 02 Nov 2025US$373.2bUS$140.5bUS$17.2b20.4x21.7x2.7x
Tue, 30 Sep 2025US$373.4bUS$138.4bUS$17.1b20.9x21.9x2.7x
Thu, 28 Aug 2025US$365.1bUS$138.4bUS$17.1b20.2x21.4x2.6x
Sat, 26 Jul 2025US$366.0bUS$135.2bUS$16.8b21.5x21.8x2.7x
Mon, 23 Jun 2025US$347.0bUS$135.1bUS$16.8b20.4x20.7x2.6x
Wed, 21 May 2025US$358.7bUS$135.1bUS$16.8b21.1x21.4x2.7x
Fri, 18 Apr 2025US$348.7bUS$130.3bUS$15.9b22x22x2.7x
Sun, 16 Mar 2025US$347.1bUS$130.3bUS$15.9b21.9x21.8x2.7x
Tue, 11 Feb 2025US$342.6bUS$129.5bUS$16.7b20.4x20.5x2.6x
Thu, 09 Jan 2025US$332.3bUS$128.9bUS$16.3b18.6x20.4x2.6x
Sat, 07 Dec 2024US$351.7bUS$128.9bUS$16.3b19.8x21.6x2.7x
Mon, 04 Nov 2024US$339.8bUS$128.2bUS$16.1b19.4x21.1x2.7x
Wed, 02 Oct 2024US$346.2bUS$128.0bUS$15.7b20x22x2.7x
Fri, 30 Aug 2024US$329.9bUS$128.0bUS$15.7b19.2x21x2.6x
Sun, 28 Jul 2024US$314.5bUS$126.9bUS$15.8b18.5x19.9x2.5x
Tue, 25 Jun 2024US$295.9bUS$126.7bUS$15.7b17.5x18.9x2.3x
Thu, 23 May 2024US$312.8bUS$126.7bUS$15.7b18.4x19.9x2.5x
Sat, 20 Apr 2024US$284.4bUS$131.6bUS$17.2b16.8x16.5x2.2x
Mon, 18 Mar 2024US$284.2bUS$131.6bUS$17.2b16.5x16.5x2.2x
Wed, 14 Feb 2024US$271.3bUS$137.4bUS$17.4b15.7x15.6x2x
Fri, 12 Jan 2024US$292.8bUS$138.1bUS$17.2b17.1x17x2.1x
Sun, 10 Dec 2023US$286.9bUS$138.1bUS$17.2b17.7x16.7x2.1x
Tue, 07 Nov 2023US$279.6bUS$138.4bUS$17.1b16.6x16.3x2x
Thu, 05 Oct 2023US$262.0bUS$141.3bUS$16.6b16.7x15.8x1.9x
Sat, 02 Sep 2023US$282.4bUS$141.3bUS$16.6b17.7x17x2x
Mon, 31 Jul 2023US$306.6bUS$141.3bUS$15.0b19.4x20.5x2.2x
Wed, 28 Jun 2023US$300.5bUS$144.0bUS$14.9b20x20.2x2.1x
Fri, 26 May 2023US$297.8bUS$144.0bUS$14.9b19.8x20x2.1x
Price to Earnings Ratio

20x


Total Market Cap: US$297.8bTotal 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 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 20.1x.
  • 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-0.67%
Utilities-3.09%
Other Utilities-0.059%
Multi-Utilities-0.059%
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$67.568.0%
+US$4.4b		20.2%PE20.3x
ED Consolidated EdisonUS$106.510.3%
+US$110.6m		1.1%PE18.2x
NWE NorthWestern Energy GroupUS$71.481.0%
+US$43.7m		26.5%PE26.2x
AVA AvistaUS$41.191.3%
+US$42.1m		5.3%PE16.5x
BKH Black HillsUS$73.980.7%
+US$41.1m		25.5%PE19.5x

Latest News

D
US$67.56
Dominion Energy
7D
8.0%
1Y
20.2%
CNP
US$41.72
CenterPoint Energy
7D
-1.3%
1Y
10.8%
Seeking Alpha • 11h

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$109.55
WEC Energy Group
7D
-2.9%
1Y
2.1%
ED
US$106.51
Consolidated Edison
7D
0.3%
1Y
1.1%
BKH
US$73.98
Black Hills
7D
0.7%
1Y
25.5%
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.
SRE
US$90.23
Sempra
7D
-2.8%
1Y
15.0%
AEE
US$107.38
Ameren
7D
-2.4%
1Y
8.5%
CMS
US$72.13
CMS Energy
7D
-1.4%
1Y
0.2%
AVA
US$41.19
Avista
7D
1.3%
1Y
5.3%
PEG
US$76.84
Public Service Enterprise Group
7D
-1.1%
1Y
-3.7%
DTE
US$141.35
DTE Energy
7D
-0.8%
1Y
2.0%
NI
US$46.55
NiSource
7D
-1.0%
1Y
16.6%
UTL
US$50.76
Unitil
7D
0.02%
1Y
-7.8%
Analysis Article • May 07

Unitil Corporation Just Beat Revenue By 22%: Here's What Analysts Think Will Happen Next

Shareholders might have noticed that Unitil Corporation ( NYSE:UTL ) filed its quarterly result this time last week...
NWE
US$71.48
NorthWestern Energy Group
7D
1.0%
1Y
26.5%