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U.S. Multi-Utilities Industry Analysis

UpdatedMar 30, 2026
DataAggregated Company Financials
Companies15
  • 7D2.1%
  • 3M6.8%
  • 1Y11.2%
  • YTDn/a

In the last week, the Multi-Utilities industry is up 2.1%, with all of the companies up. This means that the industry has gained 11% over the past year. 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
Mon, 30 Mar 2026US$397.0bUS$147.4bUS$17.5b20.6x22.6x2.7x
Wed, 25 Feb 2026US$404.0bUS$147.0bUS$17.9b21.1x22.6x2.7x
Fri, 23 Jan 2026US$376.3bUS$143.1bUS$17.4b19.7x21.7x2.6x
Sun, 21 Dec 2025US$364.1bUS$143.1bUS$17.4b19.2x21x2.5x
Tue, 18 Nov 2025US$381.7bUS$143.1bUS$17.4b20.2x22x2.7x
Thu, 16 Oct 2025US$381.5bUS$138.4bUS$17.1b21.4x22.3x2.8x
Sat, 13 Sep 2025US$364.6bUS$138.4bUS$17.1b20.5x21.4x2.6x
Mon, 11 Aug 2025US$372.5bUS$138.4bUS$17.1b20.7x21.8x2.7x
Wed, 09 Jul 2025US$349.9bUS$135.1bUS$16.8b20.3x20.8x2.6x
Fri, 06 Jun 2025US$352.6bUS$135.1bUS$16.8b20.5x21x2.6x
Sun, 04 May 2025US$357.8bUS$134.0bUS$16.4b21.5x21.8x2.7x
Tue, 01 Apr 2025US$351.3bUS$130.3bUS$15.9b22.6x22.1x2.7x
Thu, 27 Feb 2025US$347.2bUS$130.3bUS$16.0b21.8x21.7x2.7x
Sat, 25 Jan 2025US$338.1bUS$128.9bUS$16.3b18.6x20.7x2.6x
Mon, 23 Dec 2024US$336.0bUS$128.9bUS$16.3b19.1x20.6x2.6x
Wed, 20 Nov 2024US$352.2bUS$128.9bUS$16.3b20.4x21.6x2.7x
Fri, 18 Oct 2024US$353.4bUS$128.0bUS$15.7b20.1x22.5x2.8x
Sun, 15 Sep 2024US$339.8bUS$128.0bUS$15.7b19.7x21.6x2.7x
Tue, 13 Aug 2024US$320.2bUS$128.0bUS$15.7b18.8x20.4x2.5x
Thu, 11 Jul 2024US$296.5bUS$126.7bUS$15.7b17.6x18.9x2.3x
Sat, 08 Jun 2024US$303.6bUS$126.7bUS$15.7b17.5x19.3x2.4x
Mon, 06 May 2024US$301.1bUS$130.1bUS$15.8b18.5x19x2.3x
Wed, 03 Apr 2024US$291.7bUS$131.6bUS$17.2b17.1x16.9x2.2x
Fri, 01 Mar 2024US$280.6bUS$131.8bUS$17.2b16.5x16.3x2.1x
Sun, 28 Jan 2024US$276.3bUS$138.1bUS$17.2b16.3x16.1x2x
Tue, 26 Dec 2023US$285.2bUS$138.1bUS$17.2b17x16.6x2.1x
Thu, 23 Nov 2023US$282.5bUS$138.1bUS$17.2b17.2x16.4x2x
Sat, 21 Oct 2023US$265.0bUS$141.3bUS$16.6b16.7x15.9x1.9x
Mon, 18 Sep 2023US$291.2bUS$141.3bUS$16.6b18x17.5x2.1x
Wed, 16 Aug 2023US$282.8bUS$141.3bUS$16.6b17.8x17x2x
Fri, 14 Jul 2023US$307.2bUS$144.0bUS$14.9b20.6x20.7x2.1x
Sun, 11 Jun 2023US$303.6bUS$144.0bUS$14.9b20.2x20.4x2.1x
Tue, 09 May 2023US$316.3bUS$144.0bUS$14.9b20.8x21.3x2.2x
Thu, 06 Apr 2023US$317.1bUS$138.1bUS$12.5b21.8x25.3x2.3x
Price to Earnings Ratio

25.3x


Total Market Cap: US$317.1bTotal Earnings: US$12.5bTotal 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 22.6x 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-1.89%
Utilities2.82%
Other Utilities2.14%
Multi-Utilities2.14%
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$95.882.6%
+US$1.6b		34.4%PE34.9x
D Dominion EnergyUS$60.881.8%
+US$931.7m		8.6%PE18x
ED Consolidated EdisonUS$111.682.4%
+US$928.5m		1.0%PE19.9x
WEC WEC Energy GroupUS$114.362.1%
+US$771.2m		4.9%PE23.9x
CMS CMS EnergyUS$76.212.1%
+US$607.3m		1.5%PE22.1x

Latest News

SRE
US$95.88
Sempra
7D
2.6%
1Y
34.4%
CMS
US$76.21
CMS Energy
7D
2.1%
1Y
1.5%

CMS: Future Tradeoff Between Michigan Policy And Data Center Expansion Will Persist

Narrative Update The analyst price target for CMS Energy has edged higher by about $1, with analysts pointing to discussions around Michigan's regulatory and political backdrop, data center demand, capital plans, and future generation needs as key supports for their updated views. Analyst Commentary Recent Street research on CMS Energy has centered on price target adjustments across several firms, paired with consistent focus on regulation in Michigan, large customer demand, and capital planning.
AEE
US$108.72
Ameren
7D
1.7%
1Y
8.3%

AEE: Data Center Execution And Dividend Path Will Shape Fairly Valued Returns

Ameren's analyst fair value estimate has been revised to $117.00 from $115.69. This reflects analysts' updated assumptions for steady revenue growth, profit margins, and future P/E following a series of recent price target increases across the Street.
D
US$60.88
Dominion Energy
7D
1.8%
1Y
8.6%

D: Offshore Wind Progress And EPS Guidance Will Support Steady Long-Term Returns

Analysts have inched their price target on Dominion Energy higher to $65.63 from $65.25, citing updated assumptions for revenue growth, profit margin, discount rate and future P/E that slightly adjust the stock's valuation outlook. What's in the News Issued 2026 operating earnings guidance of $3.45 to $3.69 per share, with a midpoint of $3.57 per share that includes $0.07 per share of RNG 45Z income (company guidance).
WEC
US$114.36
WEC Energy Group
7D
2.1%
1Y
4.9%

WEC: Data Center Capex And Dividend Path Will Shape Future Profile

Analysts have nudged their average price target on WEC Energy Group higher to $123, reflecting updated views on long term earnings potential tied to an expanded capex plan and projected data center driven demand, while overall valuation assumptions, including the discount rate and future P/E, remain largely consistent. Analyst Commentary Recent Street research on WEC Energy Group shows a mix of optimism and caution as analysts update models around earnings visibility, capital spending plans, and data center exposure.
DTE
US$144.47
DTE Energy
7D
1.5%
1Y
4.5%

DTE: Future Earnings And Dividend Will Be Balanced By Legal Settlement Risk

Analysts have adjusted their fair value estimate for DTE Energy from $151.50 to about $154.35, reflecting updated views on long term revenue growth, profit margins, and future price-to-earnings assumptions. What's in the News DTE Energy confirmed its 2026 operating EPS guidance range of $7.59 to $7.73, giving investors a reference point for management’s current earnings expectations for that year (company guidance).
ED
US$111.68
Consolidated Edison
7D
2.4%
1Y
1.0%
PEG
US$80.71
Public Service Enterprise Group
7D
1.1%
1Y
-1.9%