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U.S. Multi-Utilities Industry Analysis

UpdatedDec 26, 2025
DataAggregated Company Financials
Companies15
  • 7D1.2%
  • 3M-1.6%
  • 1Y7.2%
  • YTDn/a

Over the last 7 days, the Multi-Utilities industry has risen 1.2%, driven by gains from Sempra of 2.2%. In the last 12 months, the industry was up 7.2%. 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
Fri, 26 Dec 2025US$368.5bUS$143.1bUS$17.4b19.4x21.2x2.6x
Sun, 23 Nov 2025US$380.8bUS$143.1bUS$17.4b20.1x21.9x2.7x
Tue, 21 Oct 2025US$386.3bUS$138.4bUS$17.1b21.4x22.6x2.8x
Thu, 18 Sep 2025US$359.0bUS$138.4bUS$17.1b20.2x21x2.6x
Sat, 16 Aug 2025US$369.9bUS$138.4bUS$17.1b20.5x21.7x2.7x
Mon, 14 Jul 2025US$352.1bUS$135.1bUS$16.8b20.7x21x2.6x
Wed, 11 Jun 2025US$349.8bUS$135.1bUS$16.8b20.7x20.8x2.6x
Fri, 09 May 2025US$360.6bUS$134.9bUS$16.7b21.1x21.6x2.7x
Sun, 06 Apr 2025US$338.4bUS$130.3bUS$15.9b21.7x21.3x2.6x
Tue, 04 Mar 2025US$349.7bUS$130.3bUS$15.9b22.1x22x2.7x
Thu, 30 Jan 2025US$336.3bUS$128.9bUS$16.3b18.5x20.6x2.6x
Sat, 28 Dec 2024US$338.0bUS$128.9bUS$16.3b19.3x20.7x2.6x
Mon, 25 Nov 2024US$358.9bUS$128.9bUS$16.3b20.7x22x2.8x
Wed, 23 Oct 2024US$352.3bUS$128.0bUS$15.7b19.8x22.4x2.8x
Fri, 20 Sep 2024US$338.4bUS$128.0bUS$15.7b19.4x21.5x2.6x
Sun, 18 Aug 2024US$324.8bUS$128.0bUS$15.7b19.1x20.7x2.5x
Tue, 16 Jul 2024US$307.5bUS$126.7bUS$15.7b18.3x19.6x2.4x
Thu, 13 Jun 2024US$301.1bUS$126.7bUS$15.7b17.5x19.2x2.4x
Sat, 11 May 2024US$310.4bUS$126.7bUS$15.7b18.7x19.8x2.5x
Mon, 08 Apr 2024US$287.9bUS$131.6bUS$17.2b16.8x16.7x2.2x
Wed, 06 Mar 2024US$283.7bUS$131.6bUS$17.2b16.7x16.5x2.2x
Fri, 02 Feb 2024US$283.5bUS$137.5bUS$17.3b16.7x16.4x2.1x
Sun, 31 Dec 2023US$287.7bUS$138.1bUS$17.2b17.2x16.7x2.1x
Tue, 28 Nov 2023US$285.3bUS$138.1bUS$17.2b17.4x16.6x2.1x
Thu, 26 Oct 2023US$268.2bUS$141.3bUS$16.6b16.7x16.1x1.9x
Sat, 23 Sep 2023US$286.3bUS$141.3bUS$16.6b17.7x17.2x2x
Mon, 21 Aug 2023US$286.6bUS$141.3bUS$16.6b17.8x17.2x2x
Wed, 19 Jul 2023US$299.1bUS$144.0bUS$14.9b19.9x20.1x2.1x
Fri, 16 Jun 2023US$302.5bUS$144.0bUS$14.9b20.3x20.4x2.1x
Sun, 14 May 2023US$314.3bUS$144.0bUS$14.9b21.1x21.2x2.2x
Tue, 11 Apr 2023US$319.4bUS$138.1bUS$12.5b22x25.5x2.3x
Thu, 09 Mar 2023US$300.1bUS$138.1bUS$12.6b20.3x23.9x2.2x
Sat, 04 Feb 2023US$311.8bUS$134.6bUS$13.1b21x23.8x2.3x
Mon, 02 Jan 2023US$314.3bUS$134.2bUS$13.1b21.4x24x2.3x
Price to Earnings Ratio

24x


Total Market Cap: US$314.3bTotal Earnings: US$13.1bTotal Revenue: US$134.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Multi-Utilities Industry Price to Earnings3Y Average 20.3x20242025
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 20.3x.
  • 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 9.9% 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 Market1.34%
Utilities1.25%
Other Utilities1.21%
Multi-Utilities1.21%
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$88.842.2%
+US$1.2b		1.2%PE27.5x
ED Consolidated EdisonUS$99.531.5%
+US$530.6m		11.1%PE17.6x
WEC WEC Energy GroupUS$105.551.5%
+US$523.7m		11.3%PE20.3x
NI NiSourceUS$41.882.2%
+US$434.2m		13.9%PE22.4x
CNP CenterPoint EnergyUS$38.201.6%
+US$391.7m		18.6%PE24.1x

Latest News

D
US$59.01
Dominion Energy
7D
-0.7%
1Y
9.4%

D: Offshore Wind Progress And Earnings Outlook Will Support Steady Future Returns

Narrative Update on Analyst Price Target Analysts have trimmed their average price target on Dominion Energy by approximately $0.20 per share, reflecting slightly softer revenue growth expectations, partially offset by modestly improved profit margin and valuation assumptions. What's in the News Dominion Energy defended its Coastal Virginia Offshore Wind Project as essential to national security and Virginia grid reliability, warning that any halt could threaten power supplies for military, AI, data center, and shipbuilding operations, increase energy costs, and jeopardize thousands of jobs (Regulatory Authority – Compliance).
NI
US$41.88
NiSource
7D
2.2%
1Y
13.9%
SRE
US$88.84
Sempra
7D
2.2%
1Y
1.2%

SRE: Future EPS Guidance Will Drive Strong Long-Term Performance Expectations

Analysts have trimmed their price target on Sempra by approximately $0.60, citing slightly lower fair value and forward valuation assumptions, despite modestly stronger revenue growth expectations. What's in the News Sempra updated its 2025 earnings guidance, setting an EPS range of $3.05 to $3.45 while reaffirming expectations for EPS growth at the high end or above its projected 7% to 9% compound annual growth rate for 2025 through 2029 (company guidance).
CNP
US$38.20
CenterPoint Energy
7D
1.6%
1Y
18.6%

CenterPoint Energy's (NYSE:CNP) Upcoming Dividend Will Be Larger Than Last Year's

Dec 18
CenterPoint Energy's (NYSE:CNP) Upcoming Dividend Will Be Larger Than Last Year's
CMS
US$70.11
CMS Energy
7D
1.4%
1Y
4.5%

CMS: Data Center Demand And Regulation Will Shape Future Load And Earnings Visibility

Analysts have nudged their average price target for CMS Energy slightly lower to about $78, reflecting a modestly higher long term growth outlook but slightly lower projected margins and valuation multiples, amid still supportive views on the company’s regulatory backdrop and load growth. Analyst Commentary Analyst views on CMS Energy remain balanced, with recent actions reflecting both recognition of the company’s solid execution and questions around how much of that strength is already captured in the share price.
PEG
US$80.72
Public Service Enterprise Group
7D
0.9%
1Y
-5.0%

PEG: Data Center Demand And Regulation Will Drive Future Upside

Our updated fair value estimate for Public Service Enterprise Group edges down by approximately $1 to $89.50 per share, as analysts temper margin assumptions and valuation multiples, while still highlighting supportive sector tailwinds, constructive regulation and improving growth prospects relative to peers. Analyst Commentary Recent Street commentary on Public Service Enterprise Group reflects a generally constructive stance on the company within a utilities sector that many see as structurally undervalued, but with some caution around near term regulatory and political noise.
WEC
US$105.55
WEC Energy Group
7D
1.5%
1Y
11.3%

WEC: Execution And Regulation Will Support Premium Position Amid Sector Tailwinds

Analysts have modestly trimmed their fair value estimate for WEC Energy Group to approximately $121.38 per share from $122.50. This reflects a still premium but slightly less aggressive outlook as they balance solid execution, constructive regulation, and improving growth metrics against increasingly high sector expectations.
AEE
US$99.84
Ameren
7D
1.4%
1Y
10.8%
ED
US$99.53
Consolidated Edison
7D
1.5%
1Y
11.1%