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U.S. Multi-Utilities Industry Analysis

UpdatedApr 24, 2026
DataAggregated Company Financials
Companies15
  • 7D-0.8%
  • 3M7.1%
  • 1Y11.3%
  • YTDn/a

Over the last 7 days, the Multi-Utilities industry has dropped 2.3%, driven by pullbacks from every company within the industry. This takes the industry's 12 month performance to a gain of 9.4%. Earnings are forecast to grow by 11% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 24 Apr 2026US$393.8bUS$147.4bUS$17.5b21.3x22.5x2.7x
Sun, 22 Mar 2026US$388.5bUS$147.4bUS$17.5b20.2x22.2x2.6x
Tue, 17 Feb 2026US$407.1bUS$145.1bUS$17.4b21.8x23.4x2.8x
Thu, 15 Jan 2026US$370.7bUS$143.1bUS$17.4b19.7x21.4x2.6x
Sat, 13 Dec 2025US$364.3bUS$143.1bUS$17.4b19.4x21x2.5x
Mon, 10 Nov 2025US$383.0bUS$143.1bUS$17.3b20.1x22.1x2.7x
Wed, 08 Oct 2025US$380.5bUS$138.4bUS$17.1b20.5x22.3x2.7x
Fri, 05 Sep 2025US$360.9bUS$138.4bUS$17.1b20.1x21.1x2.6x
Sun, 03 Aug 2025US$371.7bUS$137.4bUS$17.1b20.2x21.7x2.7x
Tue, 01 Jul 2025US$349.8bUS$135.1bUS$16.8b20.4x20.8x2.6x
Thu, 29 May 2025US$358.0bUS$135.1bUS$16.8b20.4x21.3x2.6x
Sat, 26 Apr 2025US$356.1bUS$130.9bUS$15.8b21.9x22.5x2.7x
Mon, 24 Mar 2025US$348.5bUS$130.3bUS$15.9b22.1x21.9x2.7x
Wed, 19 Feb 2025US$348.1bUS$130.1bUS$16.3b20.8x21.4x2.7x
Fri, 17 Jan 2025US$334.6bUS$128.9bUS$16.3b19.2x20.5x2.6x
Sun, 15 Dec 2024US$341.2bUS$128.9bUS$16.3b19.6x20.9x2.6x
Tue, 12 Nov 2024US$346.8bUS$128.9bUS$16.3b20.3x21.3x2.7x
Thu, 10 Oct 2024US$341.5bUS$128.0bUS$15.7b19.5x21.7x2.7x
Sat, 07 Sep 2024US$331.7bUS$128.0bUS$15.7b19.2x21.1x2.6x
Mon, 05 Aug 2024US$326.4bUS$128.3bUS$15.6b19.3x21x2.5x
Wed, 03 Jul 2024US$294.0bUS$126.7bUS$15.7b17.3x18.7x2.3x
Fri, 31 May 2024US$302.1bUS$126.7bUS$15.7b17.7x19.2x2.4x
Sun, 28 Apr 2024US$292.8bUS$130.9bUS$17.2b17.9x17x2.2x
Tue, 26 Mar 2024US$285.6bUS$131.6bUS$17.2b16.5x16.6x2.2x
Thu, 22 Feb 2024US$277.8bUS$136.2bUS$17.6b16.2x15.8x2x
Sat, 20 Jan 2024US$277.9bUS$138.1bUS$17.2b16.3x16.2x2x
Mon, 18 Dec 2023US$287.7bUS$138.1bUS$17.2b17.3x16.7x2.1x
Wed, 15 Nov 2023US$272.0bUS$138.1bUS$17.2b16.9x15.8x2x
Fri, 13 Oct 2023US$274.5bUS$141.3bUS$16.6b17x16.5x1.9x
Sun, 10 Sep 2023US$284.0bUS$141.3bUS$16.6b17.5x17.1x2x
Tue, 08 Aug 2023US$290.6bUS$141.3bUS$16.6b18.6x17.5x2.1x
Thu, 06 Jul 2023US$304.0bUS$144.0bUS$14.9b20.2x20.5x2.1x
Sat, 03 Jun 2023US$295.5bUS$144.0bUS$14.9b19.7x19.9x2.1x
Mon, 01 May 2023US$316.5bUS$137.2bUS$12.5b21.5x25.4x2.3x
Price to Earnings Ratio

25.4x


Total Market Cap: US$316.5bTotal Earnings: US$12.5bTotal Revenue: US$137.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Multi-Utilities Industry Price to Earnings3Y Average 20.1x202420252026
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 22.5x which is higher than its 3-year average PE of 20.1x.
  • The industry is trading close to its 3-year average PS ratio of 2.4x.
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 2.4% 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 Market0.69%
Utilities-0.48%
Other Utilities-0.79%
Multi-Utilities-0.79%
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
NI NiSourceUS$48.291.2%
+US$273.2m		21.7%PE25x
DTE DTE EnergyUS$147.400.3%
+US$89.5m		7.6%PE21x
D Dominion EnergyUS$62.520.06%
+US$35.2m		17.2%PE18.5x

Latest News

NI
US$48.29
NiSource
7D
1.2%
1Y
21.7%
CMS
US$76.62
CMS Energy
7D
-1.9%
1Y
3.3%
PEG
US$80.16
Public Service Enterprise Group
7D
-2.3%
1Y
-1.9%
D
US$62.52
Dominion Energy
7D
0.06%
1Y
17.2%

D: Extended EPS Guidance And Modest Fair Value Shift Will Support Steady Returns

Analysts have slightly raised Dominion Energy's implied fair value by about $0.54 per share. This reflects small adjustments to projected revenue growth, profit margins, and future P/E assumptions in their updated price target work.
WEC
US$115.57
WEC Energy Group
7D
-0.7%
1Y
6.1%

WEC: Data Center Capex And Dividend Moves Will Shape Fairly Balanced Outlook

Analysts have raised the average price target for WEC Energy Group by about $1.61 to $124.69, citing recent target increases linked to updated capital plans, data center related load expectations, and reaffirmed earnings guidance as key drivers of the change. Analyst Commentary Recent research updates around WEC Energy Group give you a mix of optimism and caution, with several firms revising price targets and views as they digest the company’s larger capital plan, data center related demand, and updated guidance.
DTE
US$147.40
DTE Energy
7D
0.3%
1Y
7.6%

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

Analysts now see DTE Energy's fair value at about $158.35 per share, up from roughly $155.04. They cite updated assumptions around revenue growth, profit margins and a modestly higher future P/E multiple.
SRE
US$93.91
Sempra
7D
-2.0%
1Y
26.0%

SRE: Long Term EPS Guidance And Dividend Policy Will Shape Future Returns

Analysts have nudged their price target for Sempra higher to about $104 from roughly $103, reflecting updated assumptions around slightly different revenue growth, profit margin, and future P/E expectations. What's in the News Sempra issued new full-year 2027 earnings guidance, with EPS expected in a range of $5.10 to $5.70.
ED
US$110.25
Consolidated Edison
7D
-0.2%
1Y
-0.9%
NWE
US$71.65
NorthWestern Energy Group
7D
-2.3%
1Y
22.5%

Merger With Black Hills And Data Center Demand Will Transform Long Term Prospects

Catalysts About NorthWestern Energy Group NorthWestern Energy Group is a regulated electric and natural gas utility serving customers in Montana, South Dakota and Nebraska. What are the underlying business or industry changes driving this perspective?
BKH
US$74.67
Black Hills
7D
-2.8%
1Y
23.3%

BKH: Dividend Progress And Merger Approval Will Shape Balanced Future Returns

Analysts have made a small adjustment to the Black Hills price target to $81.20. This reflects updated assumptions around future revenue growth and profit margins following a series of recent target hikes and an upgrade from several firms.
AEE
US$112.05
Ameren
7D
-0.2%
1Y
13.3%