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U.S. Multi-Utilities Industry Analysis

UpdatedFeb 07, 2026
DataAggregated Company Financials
Companies15
  • 7D1.0%
  • 3M0.007%
  • 1Y9.8%
  • YTDn/a

Over the last 7 days, the Multi-Utilities industry has remained flat. As for the the longer term, the industry is up 10% over the past 12 months. As for the next few years, earnings are expected to grow by 10% 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 Feb 2026US$383.1bUS$144.5bUS$17.4b20.3x22.1x2.7x
Mon, 05 Jan 2026US$370.8bUS$143.1bUS$17.4b19.4x21.4x2.6x
Wed, 03 Dec 2025US$376.0bUS$143.1bUS$17.4b19.7x21.7x2.6x
Fri, 31 Oct 2025US$374.3bUS$138.7bUS$17.2b20.4x21.8x2.7x
Sun, 28 Sep 2025US$373.4bUS$138.4bUS$17.1b20.7x21.9x2.7x
Tue, 26 Aug 2025US$366.4bUS$138.4bUS$17.1b20.2x21.5x2.6x
Thu, 24 Jul 2025US$366.4bUS$135.1bUS$16.8b21.4x21.8x2.7x
Sat, 21 Jun 2025US$346.6bUS$135.1bUS$16.8b20.4x20.6x2.6x
Mon, 19 May 2025US$355.8bUS$135.1bUS$16.8b20.9x21.2x2.6x
Wed, 16 Apr 2025US$351.6bUS$130.3bUS$15.9b21.9x22.1x2.7x
Fri, 14 Mar 2025US$339.7bUS$130.3bUS$15.9b21.6x21.4x2.6x
Sun, 09 Feb 2025US$342.6bUS$129.5bUS$16.7b20.1x20.5x2.6x
Tue, 07 Jan 2025US$337.6bUS$128.9bUS$16.3b18.7x20.7x2.6x
Thu, 05 Dec 2024US$352.9bUS$128.9bUS$16.3b20.2x21.6x2.7x
Sat, 02 Nov 2024US$345.4bUS$128.2bUS$16.1b19.4x21.4x2.7x
Mon, 30 Sep 2024US$343.9bUS$128.0bUS$15.7b19.8x21.9x2.7x
Wed, 28 Aug 2024US$331.4bUS$128.0bUS$15.7b19x21.1x2.6x
Fri, 26 Jul 2024US$313.0bUS$126.7bUS$15.7b19.4x19.9x2.5x
Sun, 23 Jun 2024US$295.9bUS$126.7bUS$15.7b17.3x18.9x2.3x
Tue, 21 May 2024US$312.7bUS$126.7bUS$15.7b18.5x19.9x2.5x
Thu, 18 Apr 2024US$282.2bUS$131.6bUS$17.2b16.6x16.4x2.1x
Sat, 16 Mar 2024US$283.9bUS$131.6bUS$17.2b16.5x16.5x2.2x
Mon, 12 Feb 2024US$273.8bUS$137.4bUS$17.4b15.7x15.7x2x
Wed, 10 Jan 2024US$292.6bUS$138.1bUS$17.2b17.6x17x2.1x
Fri, 08 Dec 2023US$287.5bUS$138.1bUS$17.2b17.8x16.7x2.1x
Sun, 05 Nov 2023US$279.7bUS$138.4bUS$17.1b16.7x16.3x2x
Tue, 03 Oct 2023US$269.5bUS$141.3bUS$16.6b16x16.2x1.9x
Thu, 31 Aug 2023US$287.6bUS$141.3bUS$16.6b17.9x17.3x2x
Sat, 29 Jul 2023US$307.6bUS$141.3bUS$15.0b19.4x20.5x2.2x
Mon, 26 Jun 2023US$295.8bUS$144.0bUS$14.9b19.5x19.9x2.1x
Wed, 24 May 2023US$300.6bUS$144.0bUS$14.9b20x20.2x2.1x
Fri, 21 Apr 2023US$318.1bUS$138.1bUS$12.5b21.7x25.4x2.3x
Sun, 19 Mar 2023US$303.2bUS$138.1bUS$12.5b20.7x24.2x2.2x
Tue, 14 Feb 2023US$310.3bUS$136.6bUS$12.3b20.8x25.3x2.3x
Price to Earnings Ratio

25.3x


Total Market Cap: US$310.3bTotal Earnings: US$12.3bTotal Revenue: US$136.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Multi-Utilities Industry Price to Earnings3Y Average 20.2x202420252026
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 20.2x.
  • 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, 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-0.12%
Utilities0.12%
Other Utilities0.98%
Multi-Utilities0.98%
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$62.333.6%
+US$1.8b		14.1%PE20.4x
AEE AmerenUS$105.091.8%
+US$489.6m		8.2%PE20.1x
CMS CMS EnergyUS$72.841.9%
+US$410.8m		6.0%PE20.9x
WEC WEC Energy GroupUS$111.420.7%
+US$262.6m		9.5%PE23.3x
ED Consolidated EdisonUS$107.340.7%
+US$256.3m		11.7%PE19x

Latest News

CMS
US$72.84
CMS Energy
7D
1.9%
1Y
6.0%
WEC
US$111.42
WEC Energy Group
7D
0.7%
1Y
9.5%
DTE
US$134.82
DTE Energy
7D
0.3%
1Y
9.9%
UTL
US$50.57
Unitil
7D
-0.7%
1Y
-7.4%

UTL: Higher Dividend And Updated Assumptions Will Shape A Measured Outlook

Analysts have trimmed their price target on Unitil from $58 to $55, citing updated assumptions that include a higher discount rate, more moderate revenue growth expectations, a slightly stronger profit margin outlook, and a higher projected future P/E multiple. What's in the News The Board of Directors approved an increase in the quarterly dividend on common stock to $0.475 per share, a change of $0.025 per share compared with the prior quarterly level (Key Developments).
BKH
US$72.30
Black Hills
7D
-0.9%
1Y
21.6%
NI
US$44.10
NiSource
7D
-0.4%
1Y
16.3%

NI: Future Dividend Profile And P/E Assumptions Will Support Balanced Return Potential

Analysts have increased their price target for NiSource slightly to US$46.75 from about US$46.27, citing 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 US$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).
PEG
US$80.65
Public Service Enterprise Group
7D
-2.1%
1Y
-3.6%
ED
US$107.34
Consolidated Edison
7D
0.7%
1Y
11.7%

Consolidated Edison (NYSE:ED) Will Pay A Larger Dividend Than Last Year At $0.8875

Jan 31
Consolidated Edison (NYSE:ED) Will Pay A Larger Dividend Than Last Year At $0.8875
SRE
US$87.36
Sempra
7D
0.4%
1Y
6.6%
D
US$62.33
Dominion Energy
7D
3.6%
1Y
14.1%

Dominion Energy (NYSE:D) Has Affirmed Its Dividend Of $0.6675

Jan 29
Dominion Energy (NYSE:D) Has Affirmed Its Dividend Of $0.6675
AEE
US$105.09
Ameren
7D
1.8%
1Y
8.2%

AEE: Balanced Outlook As Regulatory Outcomes And EPS Guidance Shape Future Returns

Narrative Update Overview The Ameren analyst price target edges slightly lower to about $111.23 from $111.62 as analysts factor in modest tweaks to long term fair value, discount rate, growth, margin and future P/E assumptions. Recent target moves across firms reflect a mix of cautious and constructive views on the stock.
CNP
US$40.05
CenterPoint Energy
7D
0.9%
1Y
23.6%

CNP: Fair Valuation Balances Industrial Demand And Data Center Infrastructure Plans

Narrative Update Overview Analysts have nudged their price targets for CenterPoint Energy higher by a few dollars. This reflects a view that slightly lower revenue growth expectations are balanced by a modestly stronger profit margin profile and supportive sector research from multiple firms.