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U.S. Multi-Utilities Industry Analysis

UpdatedAug 20, 2026
DataAggregated Company Financials
Companies16
  • 7D0.006%
  • 3M-3.2%
  • 1Y3.6%
  • YTDn/a

Over the last 7 days, the Multi-Utilities industry has risen 1.3%, driven by gains in Dominion Energy and CMS Energy of 0.4% and 0.8%, respectively. In the last 12 months, the industry was up 4.7%. As for the next few years, earnings are expected to grow by 5.2% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 20 Aug 2026US$392.2bUS$153.8bUS$17.6b21.8x22.2x2.5x
Sat, 18 Jul 2026US$411.0bUS$151.6bUS$17.8b21.4x23x2.7x
Mon, 15 Jun 2026US$402.8bUS$151.6bUS$17.8b20.7x22.6x2.7x
Wed, 13 May 2026US$394.7bUS$151.6bUS$17.8b20.6x22.1x2.6x
Fri, 10 Apr 2026US$411.0bUS$147.4bUS$17.5b21.7x23.4x2.8x
Sun, 08 Mar 2026US$403.9bUS$147.4bUS$17.6b21.4x23x2.7x
Tue, 03 Feb 2026US$379.2bUS$144.0bUS$17.5b19.6x21.7x2.6x
Thu, 01 Jan 2026US$369.9bUS$143.1bUS$17.4b19.3x21.3x2.6x
Sat, 29 Nov 2025US$387.9bUS$143.1bUS$17.4b20.5x22.4x2.7x
Mon, 27 Oct 2025US$382.5bUS$138.5bUS$17.2b20.9x22.3x2.8x
Wed, 24 Sep 2025US$362.4bUS$138.4bUS$17.1b20.7x21.2x2.6x
Fri, 22 Aug 2025US$370.1bUS$138.4bUS$17.1b20.5x21.7x2.7x
Sun, 20 Jul 2025US$359.8bUS$135.1bUS$16.8b21.1x21.4x2.7x
Tue, 17 Jun 2025US$351.1bUS$135.1bUS$16.8b20.4x20.9x2.6x
Thu, 15 May 2025US$345.0bUS$135.1bUS$16.8b20x20.5x2.6x
Sat, 12 Apr 2025US$339.7bUS$130.3bUS$15.9b21.6x21.4x2.6x
Mon, 10 Mar 2025US$342.9bUS$130.3bUS$15.9b21.9x21.6x2.6x
Wed, 05 Feb 2025US$341.7bUS$129.5bUS$16.8b19.1x20.4x2.6x
Fri, 03 Jan 2025US$336.2bUS$128.9bUS$16.3b19.1x20.6x2.6x
Sun, 01 Dec 2024US$361.9bUS$128.9bUS$16.3b20.6x22.2x2.8x
Tue, 29 Oct 2024US$348.6bUS$128.0bUS$15.8b20.1x22.1x2.7x
Thu, 26 Sep 2024US$340.9bUS$128.0bUS$15.7b19.8x21.7x2.7x
Sat, 24 Aug 2024US$329.5bUS$128.0bUS$15.7b19.1x21x2.6x
Mon, 22 Jul 2024US$307.4bUS$126.7bUS$15.7b19x19.6x2.4x
Wed, 19 Jun 2024US$295.7bUS$126.7bUS$15.7b17.3x18.8x2.3x
Fri, 17 May 2024US$311.7bUS$126.7bUS$15.7b18.7x19.9x2.5x
Sun, 14 Apr 2024US$284.6bUS$131.6bUS$17.2b16.6x16.5x2.2x
Tue, 12 Mar 2024US$290.7bUS$131.6bUS$17.2b17x16.9x2.2x
Thu, 08 Feb 2024US$274.8bUS$138.7bUS$17.2b16.1x15.9x2x
Sat, 06 Jan 2024US$292.0bUS$138.1bUS$17.2b17.5x17x2.1x
Mon, 04 Dec 2023US$287.6bUS$138.1bUS$17.2b17.7x16.7x2.1x
Wed, 01 Nov 2023US$267.5bUS$141.0bUS$16.7b16.8x16x1.9x
Fri, 29 Sep 2023US$268.2bUS$141.3bUS$16.6b16.4x16.1x1.9x
Sun, 27 Aug 2023US$287.2bUS$141.3bUS$16.6b17.7x17.3x2x
Price to Earnings Ratio

17.3x


Total Market Cap: US$287.2bTotal Earnings: US$16.6bTotal Revenue: US$141.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Multi-Utilities Industry Price to Earnings3Y Average 20.3x202420252026
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 20.3x.
  • The industry is trading close to its 3-year average PS ratio of 2.5x.
Past Earnings Growth
  • The earnings for companies in the Multi-Utilities industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 2.9% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.

Industry Comparison

How does U.S. Multi-Utilities compare with similar industries?

US Market-0.79%
Utilities-0.0048%
Other Utilities0.0057%
Multi-Utilities0.0057%
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$68.290.4%
+US$219.9m		11.0%PE24x
CMS CMS EnergyUS$70.610.8%
+US$185.0m		-3.3%PE21.8x
AEE AmerenUS$109.280.4%
+US$127.3m		7.1%PE19.4x
DTE DTE EnergyUS$139.180.4%
+US$104.0m		-0.9%PE22x
ED Consolidated EdisonUS$108.000.2%
+US$81.4m		6.1%PE18x

Latest News

AEE
US$109.28
Ameren
7D
0.4%
1Y
7.1%
D
US$68.29
Dominion Energy
7D
0.4%
1Y
11.0%
DTE
US$139.18
DTE Energy
7D
0.4%
1Y
-0.9%
PEG
US$75.33
Public Service Enterprise Group
7D
-0.7%
1Y
-11.5%
Seeking Alpha • Aug 18

Public Service Enterprise Group: Regulated Growth And Nuclear Upside Option

Summary I initiate Public Service Enterprise Group with a buy rating, driven by its robust regulated investment program and strong nuclear generation assets. PEG’s $22.5–$25.5 billion regulated capex plan underpins a credible 6–8% operating earnings growth outlook, contingent on timely rate base conversion. PEG’s nuclear fleet delivers reliable, carbon-free baseload power, positioning PEG to benefit from surging data center and commercial electricity demand. At ~16.6x NTM PE and a ~3.4% dividend yield, PEG offers a low-teens IRR potential, with risks centered on regulatory approval timing and capex financing. Read the full article on Seeking Alpha
NI
US$41.63
NiSource
7D
-0.9%
1Y
-2.1%
BKH
US$73.19
Black Hills
7D
0.04%
1Y
21.9%
CNP
US$40.40
CenterPoint Energy
7D
-0.3%
1Y
4.9%
CMS
US$70.61
CMS Energy
7D
0.8%
1Y
-3.3%
ED
US$108.00
Consolidated Edison
7D
0.2%
1Y
6.1%
WEC
US$109.34
WEC Energy Group
7D
0.2%
1Y
0.4%
AVA
US$38.34
Avista
7D
-0.5%
1Y
4.2%
NWE
US$70.58
NorthWestern Energy Group
7D
0.03%
1Y
22.7%
SRE
US$85.59
Sempra
7D
-0.4%
1Y
3.9%