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U.S. Multi-Utilities Industry Analysis

UpdatedMar 20, 2026
DataAggregated Company Financials
Companies15
  • 7D-0.3%
  • 3M9.4%
  • 1Y12.3%
  • YTDn/a

The Multi-Utilities industry has stayed flat over the last week. As for the the longer term, the industry is up 13% over the past 12 months. 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
Fri, 20 Mar 2026US$403.4bUS$147.4bUS$17.5b21x23x2.7x
Sun, 15 Feb 2026US$407.1bUS$145.1bUS$17.4b21.8x23.4x2.8x
Tue, 13 Jan 2026US$365.8bUS$143.1bUS$17.4b19.2x21.1x2.6x
Thu, 11 Dec 2025US$365.6bUS$143.1bUS$17.4b19x21.1x2.6x
Sat, 08 Nov 2025US$428.5bUS$142.4bUS$17.1b20.6x25.1x3x
Mon, 06 Oct 2025US$377.7bUS$138.4bUS$17.1b20.7x22.1x2.7x
Wed, 03 Sep 2025US$363.5bUS$138.4bUS$17.1b20.3x21.3x2.6x
Fri, 01 Aug 2025US$366.4bUS$136.0bUS$16.7b21.1x21.9x2.7x
Sun, 29 Jun 2025US$349.6bUS$135.1bUS$16.8b20.2x20.8x2.6x
Tue, 27 May 2025US$354.5bUS$135.1bUS$16.8b20.6x21.1x2.6x
Thu, 24 Apr 2025US$354.6bUS$130.3bUS$15.9b22.3x22.3x2.7x
Sat, 22 Mar 2025US$350.6bUS$130.3bUS$15.9b22.1x22.1x2.7x
Mon, 17 Feb 2025US$348.1bUS$130.1bUS$16.3b20.5x21.4x2.7x
Wed, 15 Jan 2025US$329.6bUS$128.9bUS$16.3b18.7x20.2x2.6x
Fri, 13 Dec 2024US$339.8bUS$128.9bUS$16.3b19.4x20.8x2.6x
Sun, 10 Nov 2024US$346.8bUS$128.9bUS$16.3b20.3x21.3x2.7x
Tue, 08 Oct 2024US$347.0bUS$128.0bUS$15.7b19.5x22.1x2.7x
Thu, 05 Sep 2024US$332.8bUS$128.0bUS$15.7b19.5x21.2x2.6x
Sat, 03 Aug 2024US$326.5bUS$128.3bUS$15.6b19.3x21x2.5x
Mon, 01 Jul 2024US$297.3bUS$126.7bUS$15.7b17.3x18.9x2.3x
Wed, 29 May 2024US$304.6bUS$126.7bUS$15.7b17.8x19.4x2.4x
Fri, 26 Apr 2024US$296.1bUS$130.9bUS$17.2b18.1x17.2x2.3x
Sun, 24 Mar 2024US$285.6bUS$131.6bUS$17.2b16.6x16.6x2.2x
Tue, 20 Feb 2024US$277.8bUS$136.8bUS$17.6b16x15.8x2x
Thu, 18 Jan 2024US$280.4bUS$138.1bUS$17.2b16.5x16.3x2x
Sat, 16 Dec 2023US$287.7bUS$138.1bUS$17.2b17.3x16.7x2.1x
Mon, 13 Nov 2023US$274.5bUS$138.1bUS$17.2b16.4x16x2x
Wed, 11 Oct 2023US$271.2bUS$141.3bUS$16.6b17x16.3x1.9x
Fri, 08 Sep 2023US$281.2bUS$141.3bUS$16.6b17.3x16.9x2x
Sun, 06 Aug 2023US$290.1bUS$141.3bUS$16.6b18.5x17.5x2.1x
Tue, 04 Jul 2023US$301.1bUS$144.0bUS$14.9b20x20.3x2.1x
Thu, 01 Jun 2023US$294.3bUS$144.0bUS$14.9b19.6x19.8x2x
Sat, 29 Apr 2023US$316.5bUS$137.2bUS$12.5b21.5x25.4x2.3x
Mon, 27 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-0.66%
Utilities-0.13%
Other Utilities-0.31%
Multi-Utilities-0.31%
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$95.252.2%
+US$1.3b		36.1%PE34.6x
CMS CMS EnergyUS$77.450.9%
+US$205.3m		5.1%PE22.4x
WEC WEC Energy GroupUS$115.640.5%
+US$192.1m		7.3%PE24.2x
PEG Public Service Enterprise GroupUS$82.780.4%
+US$154.6m		-0.6%PE19.6x
AVA AvistaUS$39.540.6%
+US$20.6m		-1.2%PE16.9x

Latest News

CMS
US$77.45
CMS Energy
7D
0.9%
1Y
5.1%
SRE
US$95.25
Sempra
7D
2.2%
1Y
36.1%
NWE
US$66.86
NorthWestern Energy Group
7D
-0.6%
1Y
19.0%
AVA
US$39.54
Avista
7D
0.6%
1Y
-1.2%

AVA: Resource Plan And Storage Projects Will Support Steady Dividend Profile

Analysts have trimmed their price target on Avista slightly to about $40.33 from $40.60, reflecting small tweaks to assumptions around long term revenue growth, profit margins, and future P/E expectations. What's in the News The board declared a quarterly dividend of $0.4925 per share on common stock, implying an annualized dividend of $1.97, payable on March 13, 2026 to shareholders of record on February 25, 2026 (Key Developments).
ED
US$111.69
Consolidated Edison
7D
-1.3%
1Y
3.0%
AEE
US$109.56
Ameren
7D
-0.4%
1Y
9.6%

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$115.64
WEC Energy Group
7D
0.5%
1Y
7.3%

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.
D
US$61.02
Dominion Energy
7D
-2.9%
1Y
11.0%

D: Offshore Wind Ruling And Earnings Outlook Will Support Steady Long-Term Returns

Analysts have adjusted their price target for Dominion Energy to $65.25 from $64.06, reflecting updated assumptions for fair value, revenue growth, profit margin, and future P/E. Their outlook remains broadly consistent while expectations are fine tuned.
DTE
US$147.14
DTE Energy
7D
-0.3%
1Y
7.4%

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.
BKH
US$70.92
Black Hills
7D
0.4%
1Y
17.4%

BKH: Dividend Increases And Project Completion Will Support Steady Future Return Profile

Analysts have increased their price targets on Black Hills by $2, reflecting updated assumptions on fair value, discount rate, revenue growth, profit margin and future P/E that remain broadly consistent with prior estimates. Analyst Commentary Recent Street research points to modest upward revisions in fair value estimates for Black Hills, with price targets adjusted by US$2.
CNP
US$43.25
CenterPoint Energy
7D
-0.3%
1Y
20.3%

CNP: Future Returns Will Reflect Load Timing Shifts And Regulatory Execution

Our CenterPoint Energy analyst price target edges up to $44.06 from $43.44 as analysts refine forecasts around steadier margins, updated Q4 earnings commentary and ongoing adjustments to long term growth expectations. Analyst Commentary Recent Street research on CenterPoint Energy clusters around a generally constructive view on growth visibility, balanced by questions around capital intensity and regulatory execution.
UTL
US$52.01
Unitil
7D
-1.2%
1Y
-7.6%

UTL: Higher Dividend And Stable Forecasts Will Support A Steady Outlook

Analysts have maintained their price target for Unitil at $56.00, reflecting unchanged views on fair value, discount rate, and core forecast inputs such as revenue growth, profit margin, and future P/E assumptions. What's in the News Unitil Corporation's Board of Directors raised the quarterly dividend on the company’s common stock to $0.475 per share, an increase of $0.025 per share.
PEG
US$82.78
Public Service Enterprise Group
7D
0.4%
1Y
-0.6%