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U.S. Multi-Utilities Industry Analysis

UpdatedJun 06, 2026
DataAggregated Company Financials
Companies15
  • 7D1.0%
  • 3M-1.3%
  • 1Y11.9%
  • YTDn/a

Over the last 7 days, the Multi-Utilities industry has dropped 1.2%, driven by a pullback from CMS Energy of 0.7%. Over the past 12 months, the industry was up 11%. Looking forward, 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
Sat, 06 Jun 2026US$393.6bUS$151.6bUS$17.8b20.3x22.1x2.6x
Mon, 04 May 2026US$405.6bUS$148.7bUS$17.5b21.4x23.2x2.7x
Wed, 01 Apr 2026US$401.5bUS$147.4bUS$17.5b20.9x22.9x2.7x
Fri, 27 Feb 2026US$405.7bUS$147.4bUS$17.9b21.3x22.7x2.8x
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
Price to Earnings Ratio

20.4x


Total Market Cap: US$302.3bTotal 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 20.1x202420252026
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 20.1x.
  • 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-2.90%
Utilities-0.59%
Other Utilities1.00%
Multi-Utilities1.00%
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$91.422.6%
+US$1.5b		19.0%PE31x
WEC WEC Energy GroupUS$112.951.7%
+US$618.9m		7.0%PE22.5x
DTE DTE EnergyUS$145.772.0%
+US$603.3m		8.9%PE24x
PEG Public Service Enterprise GroupUS$79.481.1%
+US$413.6m		-0.9%PE17.5x
AEE AmerenUS$109.271.2%
+US$359.8m		13.8%PE19.8x

Latest News

SRE
US$91.42
Sempra
7D
2.6%
1Y
19.0%
D
US$66.90
Dominion Energy
7D
-0.06%
1Y
20.0%
CMS
US$72.04
CMS Energy
7D
-0.7%
1Y
2.9%
CNP
US$42.69
CenterPoint Energy
7D
1.0%
1Y
16.6%
Narrative Update • Jun 05

CNP: Future Returns Will Reflect Weather Resilience Efforts And Execution Risks

Analysts have trimmed the CenterPoint Energy fair value estimate slightly, with the target moving from $46.13 to $46.00. This reflects updated sector-wide utilities assumptions and refreshed views on long term growth, margins, and P/E levels after a mix of recent price target cuts and increases across the Street.
WEC
US$112.95
WEC Energy Group
7D
1.7%
1Y
7.0%
AEE
US$109.27
Ameren
7D
1.2%
1Y
13.8%
NWE
US$70.47
NorthWestern Energy Group
7D
-0.2%
1Y
34.4%
Narrative Update • Jun 02

NWE: Higher P/E Assumptions And Black Hills Merger Progress Will Shape Risk Reward

NorthWestern Energy Group’s analyst price target has been adjusted from $69.10 to about $71.42 as analysts factor in updated views on fair value, a slightly higher discount rate, modest tweaks to revenue growth and profit margin assumptions, and a revised future P/E estimate. Analyst Commentary Recent Street research around NorthWestern Energy Group clusters around higher price targets and an upgraded rating, with analysts refining their models on discount rates, revenue trends and future P/E assumptions.
NI
US$46.61
NiSource
7D
0.8%
1Y
18.7%
PEG
US$79.48
Public Service Enterprise Group
7D
1.1%
1Y
-0.9%
DTE
US$145.77
DTE Energy
7D
2.0%
1Y
8.9%
Narrative Update • Jun 02

DTE: Clean Energy Buildout And Data Center Contracts Will Support Future Earnings

Analysts have nudged their price target on DTE Energy slightly lower from $160.25 to about $158.89, citing updated assumptions around long term revenue growth, profit margins, and future P/E levels. What's in the News DTE Energy plans to invest $1.6b with LG Energy Solution Vertech in eight Michigan battery storage projects, targeting 1.5 gigawatts of capacity over two years and an estimated $2.3b economic impact, according to company announcements and LG Energy Solution coverage.
ED
US$106.26
Consolidated Edison
7D
0.6%
1Y
4.6%
BKH
US$72.78
Black Hills
7D
-0.05%
1Y
27.3%
Narrative Update • May 17

BKH: Higher Margin Outlook And P/E Assumptions Are Expected To Support Returns

Analysts have raised their average price target for Black Hills to $83, citing updated assumptions around revenue growth, profit margins, and a slightly adjusted P/E outlook. This revision is supported by a series of recent target hikes and rating upgrades from major firms.