Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Multi-Utilities Industry Analysis

UpdatedFeb 05, 2026
DataAggregated Company Financials
Companies15
  • 7D1.1%
  • 3M1.5%
  • 1Y9.9%
  • YTDn/a

The Multi-Utilities industry has stayed flat over the last week. The past year has been better, since the industry has gained 11% in that time. Looking forward, earnings are forecast to grow by 10% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 05 Feb 2026US$381.9bUS$144.0bUS$17.5b20.4x21.9x2.7x
Sat, 03 Jan 2026US$367.4bUS$143.1bUS$17.4b19.4x21.2x2.6x
Mon, 01 Dec 2025US$388.1bUS$143.1bUS$17.4b20.5x22.4x2.7x
Wed, 29 Oct 2025US$383.3bUS$138.5bUS$17.2b20.5x22.3x2.8x
Fri, 26 Sep 2025US$371.0bUS$138.4bUS$17.1b20.4x21.7x2.7x
Sun, 24 Aug 2025US$370.1bUS$138.4bUS$17.1b20.7x21.7x2.7x
Tue, 22 Jul 2025US$360.2bUS$135.1bUS$16.8b21.2x21.4x2.7x
Thu, 19 Jun 2025US$346.2bUS$135.1bUS$16.8b20.3x20.6x2.6x
Sat, 17 May 2025US$351.2bUS$135.1bUS$16.8b20.9x20.9x2.6x
Mon, 14 Apr 2025US$344.2bUS$130.3bUS$15.9b21.6x21.7x2.6x
Wed, 12 Mar 2025US$346.1bUS$130.3bUS$15.9b21.7x21.8x2.7x
Fri, 07 Feb 2025US$341.8bUS$129.5bUS$16.7b20.1x20.4x2.6x
Sun, 05 Jan 2025US$337.6bUS$128.9bUS$16.3b19.2x20.7x2.6x
Tue, 03 Dec 2024US$361.9bUS$128.9bUS$16.3b20.4x22.2x2.8x
Thu, 31 Oct 2024US$343.3bUS$128.0bUS$15.8b19.8x21.7x2.7x
Sat, 28 Sep 2024US$341.0bUS$128.0bUS$15.7b19.8x21.7x2.7x
Mon, 26 Aug 2024US$329.8bUS$128.0bUS$15.7b19.1x21x2.6x
Wed, 24 Jul 2024US$309.9bUS$126.7bUS$15.7b19x19.7x2.4x
Fri, 21 Jun 2024US$295.7bUS$126.7bUS$15.7b17.3x18.8x2.3x
Sun, 19 May 2024US$312.7bUS$126.7bUS$15.7b18.7x19.9x2.5x
Tue, 16 Apr 2024US$282.8bUS$131.6bUS$17.2b16.6x16.4x2.1x
Thu, 14 Mar 2024US$286.3bUS$131.6bUS$17.2b16.7x16.6x2.2x
Sat, 10 Feb 2024US$273.8bUS$137.4bUS$17.4b15.7x15.7x2x
Mon, 08 Jan 2024US$293.3bUS$138.1bUS$17.2b17.5x17.1x2.1x
Wed, 06 Dec 2023US$286.8bUS$138.1bUS$17.2b17.7x16.7x2.1x
Fri, 03 Nov 2023US$271.3bUS$139.4bUS$16.7b17.4x16.2x1.9x
Sun, 01 Oct 2023US$269.5bUS$141.3bUS$16.6b16.6x16.2x1.9x
Tue, 29 Aug 2023US$287.2bUS$141.3bUS$16.6b17.7x17.3x2x
Thu, 27 Jul 2023US$313.7bUS$143.9bUS$14.8b21.1x21.1x2.2x
Sat, 24 Jun 2023US$295.8bUS$144.0bUS$14.9b19.5x19.9x2.1x
Mon, 22 May 2023US$301.5bUS$144.0bUS$14.9b20.2x20.3x2.1x
Wed, 19 Apr 2023US$316.0bUS$138.1bUS$12.5b21.4x25.2x2.3x
Fri, 17 Mar 2023US$306.8bUS$138.1bUS$12.6b21x24.4x2.2x
Sun, 12 Feb 2023US$310.0bUS$136.6bUS$12.3b20.9x25.2x2.3x
Price to Earnings Ratio

25.2x


Total Market Cap: US$310.0bTotal Earnings: US$12.3bTotal Revenue: US$136.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Multi-Utilities Industry Price to Earnings3Y Average 20.2x202420252026
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 20.2x.
  • 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 12% 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-1.46%
Utilities-1.06%
Other Utilities1.12%
Multi-Utilities1.12%
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$62.332.7%
+US$1.4b		15.2%PE20.4x
ED Consolidated EdisonUS$108.383.0%
+US$1.2b		12.7%PE19.2x
WEC WEC Energy GroupUS$113.333.0%
+US$1.1b		12.3%PE21.8x
CNP CenterPoint EnergyUS$40.351.4%
+US$365.6m		25.0%PE25.4x
AEE AmerenUS$104.751.1%
+US$316.5m		8.4%PE20.1x

Latest News

PEG
US$80.14
Public Service Enterprise Group
7D
-1.6%
1Y
-4.7%
ED
US$108.38
Consolidated Edison
7D
3.0%
1Y
12.7%

Consolidated Edison (NYSE:ED) Will Pay A Larger Dividend Than Last Year At $0.8875

Jan 31
Consolidated Edison (NYSE:ED) Will Pay A Larger Dividend Than Last Year At $0.8875
DTE
US$135.70
DTE Energy
7D
-0.6%
1Y
10.6%
NWE
US$68.89
NorthWestern Energy Group
7D
3.6%
1Y
27.8%
SRE
US$86.63
Sempra
7D
-0.2%
1Y
5.3%
NI
US$44.03
NiSource
7D
-0.7%
1Y
15.5%

NiSource (NYSE:NI) Is Paying Out A Larger Dividend Than Last Year

Jan 29
NiSource (NYSE:NI) Is Paying Out A Larger Dividend Than Last Year
D
US$62.33
Dominion Energy
7D
2.7%
1Y
15.2%

Dominion Energy (NYSE:D) Has Affirmed Its Dividend Of $0.6675

Jan 29
Dominion Energy (NYSE:D) Has Affirmed Its Dividend Of $0.6675
BKH
US$73.74
Black Hills
7D
2.2%
1Y
22.8%

Black Hills' (NYSE:BKH) Upcoming Dividend Will Be Larger Than Last Year's

Jan 29
Black Hills' (NYSE:BKH) Upcoming Dividend Will Be Larger Than Last Year's
CMS
US$71.60
CMS Energy
7D
-0.3%
1Y
6.7%

CMS: Constructive Regulation And Execution Risks Will Shape Future Risk Reward Balance

Analysts have adjusted their price target on CMS Energy to reflect a modest change in fair value to about $77 and a slightly lower assumed future P/E, citing a mix of updated views from recent research, including a $3 increase at one firm and an $8 reduction at another. Analyst Commentary Recent research on CMS Energy reflects a split view on how the current share price lines up with the new fair value estimate of about $77 and the slightly lower assumed future P/E.
AVA
US$42.13
Avista
7D
4.4%
1Y
14.3%

AVA: Resource Plan And Storage Projects Will Support Steady Outlook

Analysts have adjusted their price target on Avista to reflect updated assumptions around revenue growth, profit margins, and a slightly higher discount rate. However, their view of fair value per share remains broadly aligned with earlier estimates.
AEE
US$104.75
Ameren
7D
1.1%
1Y
8.4%

AEE: Balanced Outlook As Regulatory Outcomes And EPS Guidance Shape Future Returns

Narrative Update Overview The Ameren analyst price target edges slightly lower to about $111.23 from $111.62 as analysts factor in modest tweaks to long term fair value, discount rate, growth, margin and future P/E assumptions. Recent target moves across firms reflect a mix of cautious and constructive views on the stock.
WEC
US$113.33
WEC Energy Group
7D
3.0%
1Y
12.3%

WEC: Premium Position Will Depend On Dividend Path And Equity Issuance Execution

Analysts have modestly reduced their price expectations for WEC Energy Group, trimming the fair value estimate by about US$0.88 to US$120.21. This change reflects a balance between slightly higher revenue growth assumptions and marginally lower profit margin and future P/E inputs following recent mixed target moves from major banks.
CNP
US$40.35
CenterPoint Energy
7D
1.4%
1Y
25.0%

CNP: Fair Valuation Balances Industrial Demand And Data Center Infrastructure Plans

Narrative Update Overview Analysts have nudged their price targets for CenterPoint Energy higher by a few dollars. This reflects a view that slightly lower revenue growth expectations are balanced by a modestly stronger profit margin profile and supportive sector research from multiple firms.