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U.S. Multi-Utilities Industry Analysis

UpdatedMar 07, 2026
DataAggregated Company Financials
Companies15
  • 7D-1.4%
  • 3M8.7%
  • 1Y15.8%
  • YTDn/a

Over the last 7 days, the Multi-Utilities industry has dropped 1.4%, driven by Sempra declining 3.8%. This takes the industry's 12 month performance to a gain of 16%. 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
Sat, 07 Mar 2026US$404.5bUS$147.4bUS$17.6b21.4x23x2.7x
Mon, 02 Feb 2026US$379.2bUS$144.0bUS$17.5b19.8x21.7x2.6x
Wed, 31 Dec 2025US$369.2bUS$143.1bUS$17.4b19.4x21.3x2.6x
Fri, 28 Nov 2025US$386.6bUS$143.1bUS$17.4b20.5x22.3x2.7x
Sun, 26 Oct 2025US$382.5bUS$138.5bUS$17.2b20.9x22.3x2.8x
Tue, 23 Sep 2025US$361.9bUS$138.4bUS$17.1b20.1x21.2x2.6x
Thu, 21 Aug 2025US$369.0bUS$138.4bUS$17.1b20.6x21.6x2.7x
Sat, 19 Jul 2025US$354.9bUS$135.1bUS$16.8b21.1x21.1x2.6x
Mon, 16 Jun 2025US$351.1bUS$135.1bUS$16.8b20.6x20.9x2.6x
Wed, 14 May 2025US$349.5bUS$135.1bUS$16.8b20.3x20.8x2.6x
Fri, 11 Apr 2025US$340.9bUS$130.3bUS$15.9b21.5x21.5x2.6x
Sun, 09 Mar 2025US$342.9bUS$130.3bUS$15.9b21.9x21.6x2.6x
Tue, 04 Feb 2025US$339.7bUS$129.4bUS$16.5b19.2x20.6x2.6x
Thu, 02 Jan 2025US$336.2bUS$128.9bUS$16.3b19.2x20.6x2.6x
Sat, 30 Nov 2024US$361.9bUS$128.9bUS$16.3b20.6x22.2x2.8x
Mon, 28 Oct 2024US$348.6bUS$128.0bUS$15.9b19.7x22x2.7x
Wed, 25 Sep 2024US$343.5bUS$128.0bUS$15.7b19.7x21.9x2.7x
Fri, 23 Aug 2024US$328.1bUS$128.0bUS$15.7b19.2x20.9x2.6x
Sun, 21 Jul 2024US$307.4bUS$126.7bUS$15.7b19x19.6x2.4x
Tue, 18 Jun 2024US$297.9bUS$126.7bUS$15.7b17.4x19x2.4x
Thu, 16 May 2024US$308.8bUS$126.7bUS$15.7b18.6x19.7x2.4x
Sat, 13 Apr 2024US$284.6bUS$131.6bUS$17.2b16.6x16.5x2.2x
Mon, 11 Mar 2024US$289.0bUS$131.6bUS$17.2b16.9x16.8x2.2x
Wed, 07 Feb 2024US$274.8bUS$138.7bUS$17.2b16.1x15.9x2x
Fri, 05 Jan 2024US$292.3bUS$138.1bUS$17.2b17.5x17x2.1x
Sun, 03 Dec 2023US$287.6bUS$138.1bUS$17.2b17.7x16.7x2.1x
Tue, 31 Oct 2023US$265.6bUS$140.9bUS$16.7b17x15.9x1.9x
Thu, 28 Sep 2023US$272.9bUS$141.3bUS$16.6b16.9x16.4x1.9x
Sat, 26 Aug 2023US$287.2bUS$141.3bUS$16.6b17.7x17.3x2x
Mon, 24 Jul 2023US$312.1bUS$144.0bUS$14.9b21x21x2.2x
Wed, 21 Jun 2023US$302.2bUS$144.0bUS$14.9b20x20.3x2.1x
Fri, 19 May 2023US$301.9bUS$144.0bUS$14.9b20.2x20.3x2.1x
Sun, 16 Apr 2023US$316.9bUS$138.1bUS$12.5b21.6x25.3x2.3x
Tue, 14 Mar 2023US$297.1bUS$138.1bUS$12.6b20.4x23.7x2.2x
Price to Earnings Ratio

23.7x


Total Market Cap: US$297.1bTotal 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 23.0x 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-2.31%
Utilities-2.24%
Other Utilities-1.38%
Multi-Utilities-1.38%
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
DTE DTE EnergyUS$150.131.3%
+US$392.7m		14.0%PE21.4x
D Dominion EnergyUS$63.240.2%
+US$87.9m		14.5%PE18.7x
CNP CenterPoint EnergyUS$43.610.3%
+US$71.8m		27.3%PE27.1x
UTL UnitilUS$53.071.5%
+US$13.7m		-4.6%PE19.1x

Latest News

UTL
US$53.07
Unitil
7D
1.5%
1Y
-4.6%

UTL: Higher Dividend And Stable Forecasts Will Support A Steady Outlook

Analysts have maintained their price target for Unitil at $56.00, reflecting unchanged views on fair value, discount rate, and core forecast inputs such as revenue growth, profit margin, and future P/E assumptions. What's in the News Unitil Corporation's Board of Directors raised the quarterly dividend on the company’s common stock to $0.475 per share, an increase of $0.025 per share.
NI
US$46.46
NiSource
7D
-1.8%
1Y
20.7%

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

Analysts have nudged their price target for NiSource slightly higher to $48.08 from $47.85, reflecting updated assumptions around revenue growth, profit margins, and future P/E expectations. What's in the News The board of directors declared a quarterly common stock dividend of $0.30 per share for NiSource, scheduled to be paid on February 20, 2026, to shareholders of record as of February 3, 2026 (Key Developments).
AEE
US$111.52
Ameren
7D
-1.6%
1Y
13.1%
PEG
US$83.35
Public Service Enterprise Group
7D
-3.2%
1Y
5.4%
SRE
US$92.63
Sempra
7D
-3.8%
1Y
33.7%
WEC
US$115.77
WEC Energy Group
7D
-1.0%
1Y
8.4%
CMS
US$77.16
CMS Energy
7D
-1.2%
1Y
5.6%

CMS: Future Risk Reward Will Hinge On Earnings Execution And Dividend Policy

The analyst price target for CMS Energy in our framework has moved slightly higher to about $78.85 from $78.08, reflecting a series of updated Street targets around $79 to $80 as analysts factor in recent sector revisions, as well as their views on upcoming earnings and data center exposure. Analyst Commentary Street research on CMS Energy has centered on a cluster of target revisions in a relatively tight US$74 to US$80 range, as firms refresh their views ahead of upcoming earnings and reassess the sector.
AVA
US$39.66
Avista
7D
-2.4%
1Y
-0.1%

AVA: Resource Plan And Storage Additions Will Support Balanced Dividend Outlook

Analysts have maintained their $40.60 price target on Avista, citing updated assumptions for slightly higher revenue growth, a marginally stronger profit margin, and a modestly higher future P/E as the main factors supporting their reaffirmed view. What's in the News The board has declared a quarterly dividend of $0.4925 per share on common stock, implying an annualized dividend of $1.97.
ED
US$112.28
Consolidated Edison
7D
-0.2%
1Y
8.3%
CNP
US$43.61
CenterPoint Energy
7D
0.3%
1Y
27.3%
D
US$63.24
Dominion Energy
7D
0.2%
1Y
14.5%
DTE
US$150.13
DTE Energy
7D
1.3%
1Y
14.0%

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.