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

U.S. Multi-Utilities Industry Analysis

UpdatedMar 09, 2026
DataAggregated Company Financials
Companies15
  • 7D-1.4%
  • 3M10.0%
  • 1Y15.8%
  • YTDn/a

Over the last 7 days, the Multi-Utilities industry has dropped 1.4%, driven by Sempra declining 3.2%. In the past year, the industry has gained 16%. 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
Mon, 09 Mar 2026US$403.9bUS$147.4bUS$17.6b21.4x23x2.7x
Wed, 04 Feb 2026US$375.9bUS$144.0bUS$17.5b20.1x21.5x2.6x
Fri, 02 Jan 2026US$367.4bUS$143.1bUS$17.4b19.3x21.2x2.6x
Sun, 30 Nov 2025US$388.1bUS$143.1bUS$17.4b20.5x22.4x2.7x
Tue, 28 Oct 2025US$382.5bUS$138.5bUS$17.2b21x22.3x2.8x
Thu, 25 Sep 2025US$369.4bUS$138.4bUS$17.1b20.8x21.6x2.7x
Sat, 23 Aug 2025US$367.0bUS$138.4bUS$17.1b20.7x21.5x2.7x
Mon, 21 Jul 2025US$359.8bUS$135.1bUS$16.8b21.1x21.4x2.7x
Wed, 18 Jun 2025US$347.8bUS$135.1bUS$16.8b20.4x20.7x2.6x
Fri, 16 May 2025US$343.7bUS$135.1bUS$16.8b20.6x20.5x2.5x
Sun, 13 Apr 2025US$344.2bUS$130.3bUS$15.9b21.6x21.7x2.6x
Tue, 11 Mar 2025US$342.9bUS$130.3bUS$15.9b22x21.6x2.6x
Thu, 06 Feb 2025US$338.1bUS$129.5bUS$16.8b19.3x20.2x2.6x
Sat, 04 Jan 2025US$336.1bUS$128.9bUS$16.3b19.2x20.6x2.6x
Mon, 02 Dec 2024US$361.9bUS$128.9bUS$16.3b20.6x22.2x2.8x
Wed, 30 Oct 2024US$350.6bUS$128.0bUS$15.8b19.8x22.2x2.7x
Fri, 27 Sep 2024US$341.6bUS$128.0bUS$15.7b19.6x21.7x2.7x
Sun, 25 Aug 2024US$329.8bUS$128.0bUS$15.7b19.1x21x2.6x
Tue, 23 Jul 2024US$307.4bUS$126.7bUS$15.7b19.1x19.6x2.4x
Thu, 20 Jun 2024US$295.7bUS$126.7bUS$15.7b17.3x18.8x2.3x
Sat, 18 May 2024US$311.8bUS$126.7bUS$15.7b18.7x19.9x2.5x
Mon, 15 Apr 2024US$282.8bUS$131.6bUS$17.2b16.6x16.4x2.1x
Wed, 13 Mar 2024US$290.7bUS$131.6bUS$17.2b16.7x16.9x2.2x
Fri, 09 Feb 2024US$274.3bUS$137.4bUS$17.4b15.5x15.8x2x
Sun, 07 Jan 2024US$293.3bUS$138.1bUS$17.2b17.5x17.1x2.1x
Tue, 05 Dec 2023US$287.6bUS$138.1bUS$17.2b17.7x16.7x2.1x
Thu, 02 Nov 2023US$268.8bUS$141.8bUS$16.8b16.9x16x1.9x
Sat, 30 Sep 2023US$268.2bUS$141.3bUS$16.6b16.6x16.1x1.9x
Mon, 28 Aug 2023US$287.2bUS$141.3bUS$16.6b17.7x17.3x2x
Wed, 26 Jul 2023US$312.7bUS$143.9bUS$14.8b21x21.1x2.2x
Fri, 23 Jun 2023US$304.2bUS$144.0bUS$14.9b19.9x20.5x2.1x
Sun, 21 May 2023US$301.5bUS$144.0bUS$14.9b20.2x20.3x2.1x
Tue, 18 Apr 2023US$318.2bUS$138.1bUS$12.5b21.6x25.4x2.3x
Thu, 16 Mar 2023US$304.5bUS$138.1bUS$12.6b20.8x24.3x2.2x
Price to Earnings Ratio

24.3x


Total Market Cap: US$304.5bTotal Earnings: US$12.6bTotal 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 23.0x 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 2.7x.
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-2.17%
Utilities-2.20%
Other Utilities-1.36%
Multi-Utilities-1.36%
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
DTE DTE EnergyUS$150.131.7%
+US$515.4m		13.7%PE21.4x
CNP CenterPoint EnergyUS$43.610.6%
+US$232.6m		26.7%PE27.1x
D Dominion EnergyUS$63.240.3%
+US$167.0m		11.9%PE18.7x
ED Consolidated EdisonUS$112.280.2%
+US$79.5m		5.3%PE20.1x
UTL UnitilUS$53.072.0%
+US$18.7m		-5.1%PE19.1x

Latest News

DTE
US$150.13
DTE Energy
7D
1.7%
1Y
13.7%
BKH
US$73.51
Black Hills
7D
0.03%
1Y
21.9%

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.
SRE
US$92.63
Sempra
7D
-3.2%
1Y
33.3%

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

Analysts have raised their price target on Sempra by about $1, reflecting updated assumptions around fair value, profit margins and future P/E, which they view as slightly more supportive for the stock. What's in the News Sempra issued full year 2027 earnings guidance, targeting EPS in a range of $5.10 to $5.70.
CNP
US$43.61
CenterPoint Energy
7D
0.6%
1Y
26.7%

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.
NWE
US$69.71
NorthWestern Energy Group
7D
-0.3%
1Y
23.4%
UTL
US$53.07
Unitil
7D
2.0%
1Y
-5.1%

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.
NI
US$46.46
NiSource
7D
-1.3%
1Y
20.6%

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

Analysts have nudged their price target for NiSource slightly higher to $48.08 from $47.85, reflecting updated assumptions around revenue growth, profit margins, and future P/E expectations. What's in the News The board of directors declared a quarterly common stock dividend of $0.30 per share for NiSource, scheduled to be paid on February 20, 2026, to shareholders of record as of February 3, 2026 (Key Developments).
AEE
US$111.52
Ameren
7D
-1.2%
1Y
12.4%
PEG
US$83.35
Public Service Enterprise Group
7D
-1.4%
1Y
6.1%
WEC
US$115.77
WEC Energy Group
7D
-0.7%
1Y
6.2%
CMS
US$77.16
CMS Energy
7D
-1.2%
1Y
4.3%

CMS: Future Risk Reward Will Hinge On Earnings Execution And Dividend Policy

The analyst price target for CMS Energy in our framework has moved slightly higher to about $78.85 from $78.08, reflecting a series of updated Street targets around $79 to $80 as analysts factor in recent sector revisions, as well as their views on upcoming earnings and data center exposure. Analyst Commentary Street research on CMS Energy has centered on a cluster of target revisions in a relatively tight US$74 to US$80 range, as firms refresh their views ahead of upcoming earnings and reassess the sector.
AVA
US$39.66
Avista
7D
-0.7%
1Y
0%

AVA: Resource Plan And Storage Additions Will Support Balanced Dividend Outlook

Analysts have maintained their $40.60 price target on Avista, citing updated assumptions for slightly higher revenue growth, a marginally stronger profit margin, and a modestly higher future P/E as the main factors supporting their reaffirmed view. What's in the News The board has declared a quarterly dividend of $0.4925 per share on common stock, implying an annualized dividend of $1.97.
ED
US$112.28
Consolidated Edison
7D
0.2%
1Y
5.3%
D
US$63.24
Dominion Energy
7D
0.3%
1Y
11.9%