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U.S. Multi-Utilities Industry Analysis

UpdatedFeb 26, 2026
DataAggregated Company Financials
Companies15
  • 7D1.5%
  • 3M4.3%
  • 1Y14.0%
  • YTDn/a

In the last week, the Multi-Utilities industry is up 1.5%, with Sempra up 3.0%. In the last 12 months, the industry was up 14%. As for the next few years, earnings are expected to grow by 11% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 27 Feb 2026US$405.5bUS$147.0bUS$17.9b21.2x22.7x2.8x
Sun, 25 Jan 2026US$372.2bUS$143.1bUS$17.4b19.6x21.5x2.6x
Tue, 23 Dec 2025US$364.1bUS$143.1bUS$17.4b19.3x21x2.5x
Thu, 20 Nov 2025US$382.8bUS$143.1bUS$17.4b19.7x22.1x2.7x
Sat, 18 Oct 2025US$381.6bUS$138.4bUS$17.1b21.4x22.4x2.8x
Mon, 15 Sep 2025US$365.4bUS$138.4bUS$17.1b20.5x21.4x2.6x
Wed, 13 Aug 2025US$370.3bUS$138.4bUS$17.1b20.5x21.7x2.7x
Fri, 11 Jul 2025US$349.9bUS$135.1bUS$16.8b20.7x20.8x2.6x
Sun, 08 Jun 2025US$352.1bUS$135.1bUS$16.8b20.7x21x2.6x
Tue, 06 May 2025US$357.8bUS$134.0bUS$16.4b21.3x21.8x2.7x
Thu, 03 Apr 2025US$357.3bUS$130.3bUS$15.9b22.5x22.5x2.7x
Sat, 01 Mar 2025US$346.7bUS$130.3bUS$16.0b22x21.7x2.7x
Mon, 27 Jan 2025US$338.3bUS$128.9bUS$16.3b18.6x20.7x2.6x
Wed, 25 Dec 2024US$338.5bUS$128.9bUS$16.3b19.3x20.8x2.6x
Fri, 22 Nov 2024US$354.2bUS$128.9bUS$16.3b20.8x21.7x2.7x
Sun, 20 Oct 2024US$353.7bUS$128.0bUS$15.7b20.2x22.5x2.8x
Tue, 17 Sep 2024US$339.8bUS$128.0bUS$15.7b19.9x21.6x2.7x
Thu, 15 Aug 2024US$322.1bUS$128.0bUS$15.7b19x20.5x2.5x
Sat, 13 Jul 2024US$305.4bUS$126.7bUS$15.7b18.4x19.5x2.4x
Mon, 10 Jun 2024US$300.0bUS$126.7bUS$15.7b17.5x19.1x2.4x
Wed, 08 May 2024US$305.2bUS$127.1bUS$15.7b18.6x19.5x2.4x
Fri, 05 Apr 2024US$289.5bUS$131.6bUS$17.2b16.9x16.8x2.2x
Sun, 03 Mar 2024US$278.4bUS$131.6bUS$17.2b16.5x16.1x2.1x
Tue, 30 Jan 2024US$276.3bUS$138.1bUS$17.2b16.5x16.1x2x
Thu, 28 Dec 2023US$285.4bUS$138.1bUS$17.2b17.1x16.6x2.1x
Sat, 25 Nov 2023US$285.3bUS$138.1bUS$17.2b17.5x16.6x2.1x
Mon, 23 Oct 2023US$265.0bUS$141.3bUS$16.6b16.7x15.9x1.9x
Wed, 20 Sep 2023US$289.5bUS$141.3bUS$16.6b17.8x17.4x2x
Fri, 18 Aug 2023US$284.9bUS$141.3bUS$16.6b17.9x17.1x2x
Sun, 16 Jul 2023US$305.7bUS$144.0bUS$14.9b20.6x20.6x2.1x
Tue, 13 Jun 2023US$302.3bUS$144.0bUS$14.9b20.2x20.4x2.1x
Thu, 11 May 2023US$317.5bUS$144.0bUS$14.9b21.1x21.4x2.2x
Sat, 08 Apr 2023US$319.8bUS$138.1bUS$12.5b22x25.5x2.3x
Mon, 06 Mar 2023US$303.2bUS$138.1bUS$12.6b20.4x24.1x2.2x
Price to Earnings Ratio

24.1x


Total Market Cap: US$303.2bTotal 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 22.7x 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 2.1% 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 Market0.90%
Utilities3.47%
Other Utilities1.47%
Multi-Utilities1.47%
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$95.202.4%
+US$1.5b		32.4%PE29.5x
AEE AmerenUS$112.032.0%
+US$616.4m		12.6%PE21.3x
WEC WEC Energy GroupUS$115.791.4%
+US$519.1m		9.6%PE24.2x
NI NiSourceUS$46.701.9%
+US$421.1m		16.5%PE24.1x
CMS CMS EnergyUS$77.051.6%
+US$367.7m		6.5%PE22.3x

Latest News

AEE
US$112.03
Ameren
7D
2.0%
1Y
12.6%
SRE
US$95.20
Sempra
7D
2.4%
1Y
32.4%
AVA
US$39.77
Avista
7D
-5.6%
1Y
-0.3%
PEG
US$85.85
Public Service Enterprise Group
7D
0.2%
1Y
6.4%

PEG: Mixed Street Views And LIPA Extension Will Shape Future Risk Reward

Analysts have trimmed their average price target on Public Service Enterprise Group by $0.53 to reflect updated fair value estimates and slightly revised assumptions on revenue growth, profit margins, and future P/E multiples, while recent Street research shows a mix of target cuts and upgrades across the utilities sector. Analyst Commentary Recent Street research on Public Service Enterprise Group reflects a mix of optimism and caution, with several firms adjusting ratings and targets as they reassess valuation, earnings power, and exposure to sector specific themes such as data center demand and political risk.
ED
US$110.76
Consolidated Edison
7D
-1.0%
1Y
10.8%
CNP
US$43.01
CenterPoint Energy
7D
0.9%
1Y
27.5%
D
US$63.35
Dominion Energy
7D
-3.2%
1Y
12.2%
DTE
US$146.59
DTE Energy
7D
1.1%
1Y
11.2%

DTE: Future Earnings And Dividend Will Be Balanced By Equity Offering

Analysts have adjusted their price target on DTE Energy to $151.50 from $147.35. The change reflects updated views on fair value, revenue growth assumptions, profit margins and future P/E expectations.
CMS
US$77.05
CMS Energy
7D
1.6%
1Y
6.5%
WEC
US$115.79
WEC Energy Group
7D
1.4%
1Y
9.6%

WEC: Dividend Increases And EPS Guidance Will Steer Premium Position

Analysts have in aggregate nudged their price targets for WEC Energy Group modestly higher, with a net move of about $1. This reflects recent mixed revisions that balance slightly higher revenue growth expectations with a small adjustment to profit margin and future P/E assumptions.
UTL
US$51.50
Unitil
7D
-0.1%
1Y
-6.6%

UTL: Higher Dividend And Refined Assumptions Will Shape A Steady Outlook

Analysts have adjusted their Unitil price target from $55 to $56, reflecting updated assumptions for revenue growth, profit margins, and a slightly lower future P/E multiple in their models. What's in the News The Board of Directors approved a quarterly common stock dividend of $0.475 per share, an increase of $0.025 per share from the prior rate, bringing the annualized dividend to $1.90 per share (Key Developments).
NI
US$46.70
NiSource
7D
1.9%
1Y
16.5%

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

Analysts have raised their price target on NiSource slightly to about $47.85 from $46.75, reflecting updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E. What's in the News The board of directors declared a quarterly common stock dividend of $0.30 per share for NiSource.