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U.S. Multi-Utilities Industry Analysis

UpdatedFeb 23, 2026
DataAggregated Company Financials
Companies15
  • 7D-1.0%
  • 3M5.1%
  • 1Y11.2%
  • YTDn/a

In the last week, the Multi-Utilities industry is flat overall, with Consolidated Edison standing out by going down 3.4%. As for the the longer term, the industry is up 11% over the past 12 months. Looking forward, 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
Mon, 23 Feb 2026US$403.2bUS$146.3bUS$17.5b21.6x23x2.8x
Wed, 21 Jan 2026US$380.4bUS$143.1bUS$17.4b20x21.9x2.7x
Fri, 19 Dec 2025US$366.9bUS$143.1bUS$17.4b19.5x21.1x2.6x
Sun, 16 Nov 2025US$381.7bUS$143.1bUS$17.4b20.1x22x2.7x
Tue, 14 Oct 2025US$378.1bUS$138.4bUS$17.1b20.6x22.2x2.7x
Thu, 11 Sep 2025US$357.6bUS$138.4bUS$17.1b20x20.9x2.6x
Sat, 09 Aug 2025US$373.8bUS$138.4bUS$17.1b20.7x21.9x2.7x
Mon, 07 Jul 2025US$351.1bUS$135.1bUS$16.8b20.4x20.9x2.6x
Wed, 04 Jun 2025US$357.5bUS$135.1bUS$16.8b21x21.3x2.6x
Fri, 02 May 2025US$357.4bUS$131.5bUS$15.9b21.6x22.5x2.7x
Sun, 30 Mar 2025US$351.3bUS$130.3bUS$15.9b22.3x22.1x2.7x
Tue, 25 Feb 2025US$355.8bUS$130.2bUS$16.3b20.7x21.8x2.7x
Thu, 23 Jan 2025US$348.8bUS$128.9bUS$16.3b18.7x21.4x2.7x
Sat, 21 Dec 2024US$331.5bUS$128.9bUS$16.3b19.1x20.3x2.6x
Mon, 18 Nov 2024US$350.1bUS$128.9bUS$16.3b20.3x21.5x2.7x
Wed, 16 Oct 2024US$346.2bUS$128.0bUS$15.7b19.9x22x2.7x
Fri, 13 Sep 2024US$335.0bUS$128.0bUS$15.7b19.4x21.3x2.6x
Sun, 11 Aug 2024US$320.2bUS$128.0bUS$15.7b18.8x20.4x2.5x
Tue, 09 Jul 2024US$296.5bUS$126.7bUS$15.7b17.2x18.9x2.3x
Thu, 06 Jun 2024US$308.4bUS$126.7bUS$15.7b17.7x19.7x2.4x
Sat, 04 May 2024US$300.1bUS$130.1bUS$15.8b18.5x19x2.3x
Mon, 01 Apr 2024US$293.6bUS$131.6bUS$17.2b17.1x17x2.2x
Wed, 28 Feb 2024US$277.0bUS$131.8bUS$17.2b16.5x16.1x2.1x
Fri, 26 Jan 2024US$271.7bUS$138.1bUS$17.2b16.3x15.8x2x
Sun, 24 Dec 2023US$285.2bUS$138.1bUS$17.2b17x16.6x2.1x
Tue, 21 Nov 2023US$283.4bUS$138.1bUS$17.2b17.2x16.5x2.1x
Thu, 19 Oct 2023US$270.7bUS$141.3bUS$16.6b17.2x16.3x1.9x
Sat, 16 Sep 2023US$288.2bUS$141.3bUS$16.6b18x17.3x2x
Mon, 14 Aug 2023US$291.9bUS$141.3bUS$16.6b18.4x17.6x2.1x
Wed, 12 Jul 2023US$300.9bUS$144.0bUS$14.9b20.2x20.3x2.1x
Fri, 09 Jun 2023US$305.1bUS$144.0bUS$14.9b20.3x20.5x2.1x
Sun, 07 May 2023US$317.5bUS$144.0bUS$14.8b20.7x21.4x2.2x
Tue, 04 Apr 2023US$307.9bUS$138.1bUS$12.5b21.1x24.5x2.2x
Thu, 02 Mar 2023US$295.2bUS$138.1bUS$12.6b19.8x23.5x2.1x
Price to Earnings Ratio

23.5x


Total Market Cap: US$295.2bTotal 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 2.8x.
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 Market1.04%
Utilities-0.57%
Other Utilities-0.99%
Multi-Utilities-0.99%
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
CNP CenterPoint EnergyUS$43.001.1%
+US$313.5m		25.4%PE26.7x
DTE DTE EnergyUS$145.000.04%
+US$30.0m		9.9%PE20.7x
NI NiSourceUS$46.370.02%
+US$4.8m		15.7%PE23.9x

Latest News

ED
US$109.81
Consolidated Edison
7D
-3.4%
1Y
11.8%
CMS
US$75.86
CMS Energy
7D
-1.1%
1Y
6.1%
WEC
US$114.34
WEC Energy Group
7D
-1.3%
1Y
9.9%

WEC: Dividend Increases And EPS Guidance Will Steer Premium Position

Analysts have in aggregate nudged their price targets for WEC Energy Group modestly higher, with a net move of about $1. This reflects recent mixed revisions that balance slightly higher revenue growth expectations with a small adjustment to profit margin and future P/E assumptions.
SRE
US$93.55
Sempra
7D
-1.3%
1Y
7.4%

SRE: Refined Profitability And P/E Assumptions Will Support Constructive Future Returns

Analysts have nudged their Sempra price target slightly higher to $100.06 from $99.60, citing small refinements in fair value, profit margin assumptions, and forward P/E expectations. Valuation Changes Fair Value has risen slightly from $99.60 to $100.06, reflecting a modest upward refinement in the model.
CNP
US$43.00
CenterPoint Energy
7D
1.1%
1Y
25.4%

CNP: Future Returns Will Reflect AI Power Demand And Regulatory Visibility

CenterPoint Energy's analyst price target has edged higher to $43.44 from $42.50, as analysts point to a modestly higher fair value estimate, updated views on long term load growth and infrastructure plans, and recent research that includes multiple price target raises tied to earnings, regulatory clarity and tax guidance. Analyst Commentary Recent research updates on CenterPoint Energy highlight a mix of optimism around growth and execution, along with some valuation and sector level caution.
D
US$65.96
Dominion Energy
7D
-0.8%
1Y
14.9%
NI
US$46.37
NiSource
7D
0.02%
1Y
15.7%

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

Analysts have raised their price target on NiSource slightly to about $47.85 from $46.75, reflecting updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E. What's in the News The board of directors declared a quarterly common stock dividend of $0.30 per share for NiSource.
DTE
US$145.00
DTE Energy
7D
0.04%
1Y
9.9%
AEE
US$110.05
Ameren
7D
-0.8%
1Y
11.7%

Ameren Corporation Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Feb 14
Ameren Corporation Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
AVA
US$42.33
Avista
7D
-1.7%
1Y
11.6%

AVA: Resource Plan And Storage Investments Will Support Steady Dividend Outlook

Analysts have maintained their $40.60 price target for Avista, noting only very small updates to inputs such as the discount rate, revenue growth, profit margin, and future P/E assumptions that do not materially change their overall view of the stock. What's in the News The board declared a quarterly dividend of $0.4925 per share on common stock, which equates to an annualized dividend of $1.97, payable on March 13, 2026, to shareholders of record as of February 25, 2026 (Key Developments).
PEG
US$85.57
Public Service Enterprise Group
7D
-0.9%
1Y
1.9%

PEG: Mixed Ratings And Contract Extension Will Shape Future Risk Reward

The updated analyst price target for Public Service Enterprise Group reflects a small downward revision of about $0.24. Analysts are balancing slightly softer revenue growth assumptions against marginally higher profit margin and discount rate inputs, as well as a mixed set of recent rating and target changes from major firms.