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U.S. Multi-Utilities Industry Analysis

UpdatedJul 14, 2026
DataAggregated Company Financials
Companies16
  • 7D0.7%
  • 3M1.3%
  • 1Y15.3%
  • YTDn/a

Over the last 7 days, the Multi-Utilities industry has remained flat. As for the the longer term, the industry is up 15% over the past 12 months. As for the next few years, earnings are expected to grow by 12% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 14 Jul 2026US$410.6bUS$151.6bUS$17.8b21.3x23x2.7x
Thu, 11 Jun 2026US$397.0bUS$151.6bUS$17.8b20.7x22.2x2.6x
Sat, 09 May 2026US$393.1bUS$151.7bUS$17.8b20.4x22x2.6x
Mon, 06 Apr 2026US$409.0bUS$147.4bUS$17.5b21.2x23.3x2.8x
Wed, 04 Mar 2026US$407.7bUS$147.4bUS$17.6b21.3x23.2x2.8x
Fri, 30 Jan 2026US$378.4bUS$144.0bUS$17.5b19.9x21.7x2.6x
Sun, 28 Dec 2025US$368.3bUS$143.1bUS$17.4b19.4x21.2x2.6x
Tue, 25 Nov 2025US$380.9bUS$143.1bUS$17.4b20.2x22x2.7x
Thu, 23 Oct 2025US$383.4bUS$138.4bUS$17.1b21.1x22.5x2.8x
Sat, 20 Sep 2025US$360.8bUS$138.4bUS$17.1b20.3x21.1x2.6x
Mon, 18 Aug 2025US$366.7bUS$138.4bUS$17.1b20.5x21.5x2.6x
Wed, 16 Jul 2025US$352.9bUS$135.1bUS$16.8b20.5x21x2.6x
Fri, 13 Jun 2025US$352.0bUS$135.1bUS$16.8b20.9x21x2.6x
Sun, 11 May 2025US$354.8bUS$135.1bUS$16.8b21.1x21.1x2.6x
Tue, 08 Apr 2025US$338.4bUS$130.3bUS$15.9b21.3x21.3x2.6x
Thu, 06 Mar 2025US$344.4bUS$130.3bUS$15.9b21.6x21.7x2.6x
Sat, 01 Feb 2025US$341.0bUS$129.4bUS$16.5b19x20.6x2.6x
Mon, 30 Dec 2024US$337.6bUS$128.9bUS$16.3b19.3x20.7x2.6x
Wed, 27 Nov 2024US$361.1bUS$128.9bUS$16.3b20.5x22.1x2.8x
Fri, 25 Oct 2024US$354.9bUS$128.0bUS$15.9b19.9x22.4x2.8x
Sun, 22 Sep 2024US$340.9bUS$128.0bUS$15.7b19.8x21.7x2.7x
Tue, 20 Aug 2024US$324.8bUS$128.0bUS$15.7b19.2x20.7x2.5x
Thu, 18 Jul 2024US$304.9bUS$126.7bUS$15.7b19.2x19.4x2.4x
Sat, 15 Jun 2024US$298.8bUS$126.7bUS$15.7b17.4x19x2.4x
Mon, 13 May 2024US$310.7bUS$126.7bUS$15.7b18.7x19.8x2.5x
Wed, 10 Apr 2024US$290.0bUS$131.6bUS$17.2b17.1x16.8x2.2x
Fri, 08 Mar 2024US$288.8bUS$131.6bUS$17.2b16.9x16.7x2.2x
Sun, 04 Feb 2024US$278.3bUS$138.7bUS$17.2b16.4x16.1x2x
Tue, 02 Jan 2024US$287.7bUS$138.1bUS$17.2b17.2x16.7x2.1x
Thu, 30 Nov 2023US$285.2bUS$138.1bUS$17.2b17.3x16.6x2.1x
Sat, 28 Oct 2023US$265.5bUS$140.9bUS$16.7b16.9x15.9x1.9x
Mon, 25 Sep 2023US$286.3bUS$141.3bUS$16.6b17.7x17.2x2x
Wed, 23 Aug 2023US$285.3bUS$141.3bUS$16.6b17.8x17.2x2x
Fri, 21 Jul 2023US$308.6bUS$144.0bUS$14.9b20.6x20.8x2.1x
Price to Earnings Ratio

20.8x


Total Market Cap: US$308.6bTotal Earnings: US$14.9bTotal Revenue: US$144.0bTotal 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 industry is trading close to its 3-year average PS ratio of 2.5x.
Past Earnings Growth
  • The earnings for companies in the Multi-Utilities industry have grown 6.3% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Comparison

How does U.S. Multi-Utilities compare with similar industries?

US Market-0.93%
Utilities0.87%
Other Utilities0.67%
Multi-Utilities0.67%
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$70.802.2%
+US$1.4b		23.8%PE21.3x
SRE SempraUS$94.411.6%
+US$954.4m		26.6%PE32x
BKH Black HillsUS$75.805.0%
+US$277.1m		32.6%PE20x
NWE NorthWestern Energy GroupUS$73.205.0%
+US$215.9m		39.3%PE26.9x
AEE AmerenUS$113.430.4%
+US$121.8m		17.5%PE20.6x

Latest News

SRE
US$94.41
Sempra
7D
1.6%
1Y
26.6%
D
US$70.80
Dominion Energy
7D
2.2%
1Y
23.8%
AEE
US$113.43
Ameren
7D
0.4%
1Y
17.5%
PEG
US$80.89
Public Service Enterprise Group
7D
0.1%
1Y
-2.5%
BKH
US$75.80
Black Hills
7D
5.0%
1Y
32.6%
AVA
US$42.08
Avista
7D
3.5%
1Y
10.6%
CMS
US$75.75
CMS Energy
7D
-0.7%
1Y
7.4%
CNP
US$44.13
CenterPoint Energy
7D
0.3%
1Y
21.9%
DTE
US$150.64
DTE Energy
7D
-0.5%
1Y
12.3%
ED
US$111.82
Consolidated Edison
7D
-0.1%
1Y
10.7%
NWE
US$73.20
NorthWestern Energy Group
7D
5.0%
1Y
39.3%
WEC
US$115.87
WEC Energy Group
7D
-0.7%
1Y
9.5%
Seeking Alpha • Jul 01

WEC Energy Group: Data Centers Make This Utility Growth Story More Attractive

Summary WEC Energy Group (WEC) is rated a buy, driven by a visible earnings growth runway fueled by surging data-center demand. WEC's $37.5 billion regulated capital plan through 2030 supports management's 7%–8% long-term EPS growth target and robust dividend growth. The Very Large Customer tariff structure mitigates risk by shifting project-specific exposure to hyperscale customers, supporting regulatory approval and earnings visibility. Key risks include regulatory outcomes, tariff terms, and financing execution, but the data-center opportunity and capital plan underpin substantial upside potential. Read the full article on Seeking Alpha