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U.S. Multi-Utilities Industry Analysis

UpdatedApr 08, 2026
DataAggregated Company Financials
Companies15
  • 7D1.3%
  • 3M11.8%
  • 1Y21.4%
  • YTDn/a

In the last week, the Multi-Utilities industry is up 1.3%, with all of the companies up. In the last 12 months, the industry was up 21%. 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
Thu, 09 Apr 2026US$406.2bUS$147.4bUS$17.5b21.2x23.2x2.8x
Sat, 07 Mar 2026US$404.5bUS$147.4bUS$17.6b21.4x23x2.7x
Mon, 02 Feb 2026US$379.2bUS$144.0bUS$17.5b19.8x21.7x2.6x
Wed, 31 Dec 2025US$369.2bUS$143.1bUS$17.4b19.4x21.3x2.6x
Fri, 28 Nov 2025US$386.6bUS$143.1bUS$17.4b20.5x22.3x2.7x
Sun, 26 Oct 2025US$382.5bUS$138.5bUS$17.2b20.9x22.3x2.8x
Tue, 23 Sep 2025US$361.9bUS$138.4bUS$17.1b20.1x21.2x2.6x
Thu, 21 Aug 2025US$369.0bUS$138.4bUS$17.1b20.6x21.6x2.7x
Sat, 19 Jul 2025US$354.9bUS$135.1bUS$16.8b21.1x21.1x2.6x
Mon, 16 Jun 2025US$351.1bUS$135.1bUS$16.8b20.6x20.9x2.6x
Wed, 14 May 2025US$349.5bUS$135.1bUS$16.8b20.3x20.8x2.6x
Fri, 11 Apr 2025US$340.9bUS$130.3bUS$15.9b21.5x21.5x2.6x
Sun, 09 Mar 2025US$342.9bUS$130.3bUS$15.9b21.9x21.6x2.6x
Tue, 04 Feb 2025US$339.7bUS$129.4bUS$16.5b19.2x20.6x2.6x
Thu, 02 Jan 2025US$336.2bUS$128.9bUS$16.3b19.2x20.6x2.6x
Sat, 30 Nov 2024US$361.9bUS$128.9bUS$16.3b20.6x22.2x2.8x
Mon, 28 Oct 2024US$348.6bUS$128.0bUS$15.9b19.7x22x2.7x
Wed, 25 Sep 2024US$343.5bUS$128.0bUS$15.7b19.7x21.9x2.7x
Fri, 23 Aug 2024US$328.1bUS$128.0bUS$15.7b19.2x20.9x2.6x
Sun, 21 Jul 2024US$307.4bUS$126.7bUS$15.7b19x19.6x2.4x
Tue, 18 Jun 2024US$297.9bUS$126.7bUS$15.7b17.4x19x2.4x
Thu, 16 May 2024US$308.8bUS$126.7bUS$15.7b18.6x19.7x2.4x
Sat, 13 Apr 2024US$284.6bUS$131.6bUS$17.2b16.6x16.5x2.2x
Mon, 11 Mar 2024US$289.0bUS$131.6bUS$17.2b16.9x16.8x2.2x
Wed, 07 Feb 2024US$274.8bUS$138.7bUS$17.2b16.1x15.9x2x
Fri, 05 Jan 2024US$292.3bUS$138.1bUS$17.2b17.5x17x2.1x
Sun, 03 Dec 2023US$287.6bUS$138.1bUS$17.2b17.7x16.7x2.1x
Tue, 31 Oct 2023US$265.6bUS$140.9bUS$16.7b17x15.9x1.9x
Thu, 28 Sep 2023US$272.9bUS$141.3bUS$16.6b16.9x16.4x1.9x
Sat, 26 Aug 2023US$287.2bUS$141.3bUS$16.6b17.7x17.3x2x
Mon, 24 Jul 2023US$312.1bUS$144.0bUS$14.9b21x21x2.2x
Wed, 21 Jun 2023US$302.2bUS$144.0bUS$14.9b20x20.3x2.1x
Fri, 19 May 2023US$301.9bUS$144.0bUS$14.9b20.2x20.3x2.1x
Sun, 16 Apr 2023US$316.9bUS$138.1bUS$12.5b21.6x25.3x2.3x
Price to Earnings Ratio

25.3x


Total Market Cap: US$316.9bTotal 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 23.2x 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 2.8x.
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 Market1.21%
Utilities0.91%
Other Utilities1.27%
Multi-Utilities1.27%
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$63.201.9%
+US$1.0b		21.0%PE18.7x
SRE SempraUS$98.881.5%
+US$960.4m		45.3%PE36x
PEG Public Service Enterprise GroupUS$82.701.8%
+US$733.1m		1.1%PE19.5x
NI NiSourceUS$48.102.6%
+US$575.2m		26.1%PE24.9x
AEE AmerenUS$112.861.9%
+US$572.7m		17.1%PE21.4x

Latest News

WEC
US$117.28
WEC Energy Group
7D
1.0%
1Y
12.4%

WEC: Data Center Capex Plan And Dividend Policy Will Shape Future Trajectory

Narrative Update on WEC Energy Group The analyst price target for WEC Energy Group has been raised by a low single digit amount, with recent research pointing to reaffirmed long term EPS guidance, a larger $37.5b capex plan tied to hyperscale data center demand, and adjusted margin and growth inputs in valuation models. Analyst Commentary Recent Street research on WEC Energy Group has centered on refreshed price targets and updated assumptions around earnings visibility, capital spending, and future load from data centers.
DTE
US$148.78
DTE Energy
7D
1.1%
1Y
14.0%

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

Analysts have made a small upward adjustment to their DTE Energy price target to $155.04, citing updated assumptions around revenue growth, profit margins, the discount rate and the future P/E multiple. What's in the News DTE Energy issued earnings guidance for 2026, setting a range for operating EPS at $7.59 to $7.73 (company guidance).
SRE
US$98.88
Sempra
7D
1.5%
1Y
45.3%

SRE: Long Term EPS Guidance And Dividend Policy Will Support Future Returns

Analysts have made a slight upward adjustment to Sempra's price target, lifting it by about $0.13 to reflect small tweaks to fair value assumptions and forward P/E expectations. What's in the News Sempra's board declared a $0.6575 per share quarterly dividend on common stock, payable April 15, 2026, for shareholders of record as of March 19, 2026.
NI
US$48.10
NiSource
7D
2.6%
1Y
26.1%

NI: Future Dividend And Updated P/E Assumptions Will Support Balanced Returns

Analysts now put their average price target for NiSource at about $48.79, up slightly from roughly $48.54, reflecting updated assumptions around revenue growth, profit margin, and future P/E estimates. What's in the News The board declared a quarterly common stock dividend of $0.30 per share, scheduled for payment on February 20, 2026, to stockholders of record as of February 3, 2026 (company board announcement).
PEG
US$82.70
Public Service Enterprise Group
7D
1.8%
1Y
1.1%

Public Service Enterprise Group: The Upside Remains Uncompelling

Apr 02
AEE
US$112.86
Ameren
7D
1.9%
1Y
17.1%
BKH
US$73.82
Black Hills
7D
5.6%
1Y
27.3%

BKH: Dividend Momentum And Major Transmission Project Will Support Future Returns

Narrative Update The analyst price target for Black Hills has shifted from $80.50 to $81.25, reflecting recent target increases from multiple firms as analysts factor in revised assumptions for revenue, profit margins and future P/E expectations. Analyst Commentary Recent Street research on Black Hills centers on recalibrated price targets and an upgrade in rating, with analysts adjusting their views as they revisit assumptions for earnings power and valuation multiples.
D
US$63.20
Dominion Energy
7D
1.9%
1Y
21.0%

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).
ED
US$113.57
Consolidated Edison
7D
-0.3%
1Y
7.4%