Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Multi-Utilities Industry Analysis

UpdatedMay 22, 2026
DataAggregated Company Financials
Companies15
  • 7D1.3%
  • 3M-1.1%
  • 1Y12.9%
  • YTDn/a

Over the last 7 days, the Multi-Utilities industry has risen 1.3%, driven by gains from Dominion Energy of 8.4%. This means that the industry has gained 13% over the past year. As for the next few years, earnings are expected to grow by 12% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 22 May 2026US$398.5bUS$151.6bUS$17.8b20.7x22.3x2.6x
Sun, 19 Apr 2026US$404.0bUS$147.4bUS$17.5b21.4x23x2.7x
Tue, 17 Mar 2026US$408.1bUS$147.4bUS$17.6b21.3x23.2x2.8x
Thu, 12 Feb 2026US$390.4bUS$144.6bUS$17.4b21x22.5x2.7x
Sat, 10 Jan 2026US$364.6bUS$143.1bUS$17.4b19.2x21x2.5x
Mon, 08 Dec 2025US$369.1bUS$143.1bUS$17.4b19.1x21.3x2.6x
Wed, 05 Nov 2025US$372.8bUS$141.0bUS$17.3b20.1x21.5x2.6x
Fri, 03 Oct 2025US$374.4bUS$138.4bUS$17.1b20.6x21.9x2.7x
Sun, 31 Aug 2025US$363.5bUS$138.4bUS$17.1b20.2x21.3x2.6x
Tue, 29 Jul 2025US$367.1bUS$135.2bUS$16.8b21.1x21.9x2.7x
Thu, 26 Jun 2025US$352.7bUS$135.1bUS$16.8b20.2x21x2.6x
Sat, 24 May 2025US$350.5bUS$135.1bUS$16.8b20.6x20.9x2.6x
Mon, 21 Apr 2025US$352.4bUS$130.3bUS$15.9b22.2x22.2x2.7x
Wed, 19 Mar 2025US$349.6bUS$130.3bUS$15.9b22.1x22x2.7x
Fri, 14 Feb 2025US$345.2bUS$129.5bUS$16.4b20.6x21.1x2.7x
Sun, 12 Jan 2025US$327.0bUS$128.9bUS$16.3b18.4x20.1x2.5x
Tue, 10 Dec 2024US$347.6bUS$128.9bUS$16.3b19.7x21.3x2.7x
Thu, 07 Nov 2024US$340.6bUS$128.3bUS$16.5b19.6x20.7x2.7x
Sat, 05 Oct 2024US$347.0bUS$128.0bUS$15.7b19.9x22.1x2.7x
Mon, 02 Sep 2024US$331.0bUS$128.0bUS$15.7b19.3x21.1x2.6x
Wed, 31 Jul 2024US$315.8bUS$126.9bUS$15.8b18.8x20x2.5x
Fri, 28 Jun 2024US$296.5bUS$126.7bUS$15.7b17.2x18.9x2.3x
Sun, 26 May 2024US$304.6bUS$126.7bUS$15.7b18.1x19.4x2.4x
Tue, 23 Apr 2024US$289.7bUS$131.6bUS$17.2b17.1x16.8x2.2x
Thu, 21 Mar 2024US$286.8bUS$131.6bUS$17.2b16.7x16.6x2.2x
Sat, 17 Feb 2024US$277.8bUS$136.8bUS$17.6b16x15.8x2x
Mon, 15 Jan 2024US$286.6bUS$138.1bUS$17.2b17.1x16.7x2.1x
Wed, 13 Dec 2023US$288.1bUS$138.1bUS$17.2b17.7x16.8x2.1x
Fri, 10 Nov 2023US$275.8bUS$138.1bUS$17.2b16.4x16x2x
Sun, 08 Oct 2023US$265.1bUS$141.3bUS$16.6b16.9x15.9x1.9x
Tue, 05 Sep 2023US$282.4bUS$141.3bUS$16.6b17.7x17x2x
Thu, 03 Aug 2023US$302.0bUS$141.2bUS$15.4b19.1x19.6x2.1x
Sat, 01 Jul 2023US$298.6bUS$144.0bUS$14.9b19.7x20.1x2.1x
Mon, 29 May 2023US$293.2bUS$144.0bUS$14.9b19.5x19.7x2x
Price to Earnings Ratio

19.7x


Total Market Cap: US$293.2bTotal Earnings: US$14.9bTotal Revenue: US$144.0bTotal 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 22.3x 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 6.3% 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-0.82%
Utilities0.15%
Other Utilities1.34%
Multi-Utilities1.34%
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$68.298.4%
+US$4.7b		22.7%PE20.5x
PEG Public Service Enterprise GroupUS$78.480.9%
+US$363.8m		1.4%PE17.3x
WEC WEC Energy GroupUS$112.110.4%
+US$153.1m		6.3%PE22.3x
NI NiSourceUS$47.710.6%
+US$139.0m		23.9%PE23.8x
CMS CMS EnergyUS$73.640.5%
+US$117.4m		6.2%PE20.7x

Latest News

NI
US$47.71
NiSource
7D
0.6%
1Y
23.9%
CMS
US$73.64
CMS Energy
7D
0.5%
1Y
6.2%
D
US$68.29
Dominion Energy
7D
8.4%
1Y
22.7%
AEE
US$109.84
Ameren
7D
0.2%
1Y
15.1%
SRE
US$91.55
Sempra
7D
-1.4%
1Y
19.3%
Narrative Update • May 20

SRE: Extended EPS Guidance And Rising Dividend Will Support Future Returns

Analysts have adjusted their Sempra price target to $104.00. The update reflects revised assumptions for revenue growth, profit margin, and a slightly lower future P/E multiple.
CNP
US$42.47
CenterPoint Energy
7D
-0.2%
1Y
14.4%
Seeking Alpha • May 19

CenterPoint Energy Is A Data Center Winner

Summary CenterPoint Energy is rated a "Buy," driven by its robust Texas-focused growth pipeline and strong earnings outlook. CNP targets 7%-9% annual EPS growth through 2035, supported by rapid population gains, industrial demand, and a favorable regulatory environment. Despite ongoing equity issuance to fund a $65.5 billion cap-ex plan, CNP expects to deliver 8%-9% EPS growth and a 2.2% dividend yield. CNP’s superior inflation control, large data center/industrial backlog, and capital recycling position it for 10%+ long-term total returns. Read the full article on Seeking Alpha
WEC
US$112.11
WEC Energy Group
7D
0.4%
1Y
6.3%
ED
US$107.40
Consolidated Edison
7D
0.3%
1Y
3.8%
BKH
US$74.16
Black Hills
7D
-0.4%
1Y
28.8%
Narrative Update • May 17

BKH: Higher Margin Outlook And P/E Assumptions Are Expected To Support Returns

Analysts have raised their average price target for Black Hills to $83, citing updated assumptions around revenue growth, profit margins, and a slightly adjusted P/E outlook. This revision is supported by a series of recent target hikes and rating upgrades from major firms.
AVA
US$40.92
Avista
7D
-0.6%
1Y
7.2%
PEG
US$78.48
Public Service Enterprise Group
7D
0.9%
1Y
1.4%
DTE
US$143.75
DTE Energy
7D
-0.03%
1Y
6.8%
UTL
US$51.57
Unitil
7D
1.0%
1Y
-3.1%
Analysis Article • May 07

Unitil Corporation Just Beat Revenue By 22%: Here's What Analysts Think Will Happen Next

Shareholders might have noticed that Unitil Corporation ( NYSE:UTL ) filed its quarterly result this time last week...