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U.S. Multi-Utilities Industry Analysis

UpdatedMar 25, 2026
DataAggregated Company Financials
Companies15
  • 7D-3.6%
  • 3M6.0%
  • 1Y12.6%
  • YTDn/a

The Multi-Utilities industry is down 3.6% over the last week with Public Service Enterprise Group the worst performer, down 3.7%. In the past year, the industry has gained 13%. 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
Thu, 26 Mar 2026US$390.3bUS$147.4bUS$17.5b20.4x22.3x2.6x
Sat, 21 Feb 2026US$402.3bUS$146.3bUS$17.5b21.6x23x2.7x
Mon, 19 Jan 2026US$380.4bUS$143.1bUS$17.4b20x21.9x2.7x
Wed, 17 Dec 2025US$368.7bUS$143.1bUS$17.4b19.3x21.2x2.6x
Fri, 14 Nov 2025US$384.8bUS$143.1bUS$17.3b20.1x22.2x2.7x
Sun, 12 Oct 2025US$378.1bUS$138.4bUS$17.1b20.4x22.2x2.7x
Tue, 09 Sep 2025US$359.7bUS$138.4bUS$17.1b19.4x21.1x2.6x
Thu, 07 Aug 2025US$373.2bUS$138.0bUS$17.3b20.4x21.6x2.7x
Sat, 05 Jul 2025US$351.1bUS$135.1bUS$16.8b20.4x20.9x2.6x
Mon, 02 Jun 2025US$357.7bUS$135.1bUS$16.8b20.8x21.3x2.6x
Wed, 30 Apr 2025US$356.2bUS$130.9bUS$15.8b22.2x22.5x2.7x
Fri, 28 Mar 2025US$348.1bUS$130.3bUS$15.9b22x21.9x2.7x
Sun, 23 Feb 2025US$355.8bUS$130.2bUS$16.3b20.6x21.8x2.7x
Tue, 21 Jan 2025US$344.2bUS$128.9bUS$16.3b19.3x21.1x2.7x
Thu, 19 Dec 2024US$336.9bUS$128.9bUS$16.3b18.8x20.7x2.6x
Sat, 16 Nov 2024US$344.1bUS$128.9bUS$16.3b20.3x21.1x2.7x
Mon, 14 Oct 2024US$339.9bUS$128.0bUS$15.7b19.6x21.6x2.7x
Wed, 11 Sep 2024US$335.2bUS$128.0bUS$15.7b19.5x21.3x2.6x
Fri, 09 Aug 2024US$319.2bUS$128.0bUS$15.7b18.7x20.3x2.5x
Sun, 07 Jul 2024US$296.5bUS$126.7bUS$15.7b17.1x18.9x2.3x
Tue, 04 Jun 2024US$309.3bUS$126.7bUS$15.7b17.9x19.7x2.4x
Thu, 02 May 2024US$295.8bUS$130.7bUS$16.7b18.3x17.7x2.3x
Sat, 30 Mar 2024US$293.6bUS$131.6bUS$17.2b17.1x17x2.2x
Mon, 26 Feb 2024US$283.0bUS$132.3bUS$17.3b16.6x16.4x2.1x
Wed, 24 Jan 2024US$275.7bUS$138.1bUS$17.2b16.5x16x2x
Fri, 22 Dec 2023US$283.7bUS$138.1bUS$17.2b16.9x16.5x2.1x
Sun, 19 Nov 2023US$283.1bUS$138.1bUS$17.2b17.2x16.5x2x
Tue, 17 Oct 2023US$272.9bUS$141.3bUS$16.6b17.1x16.4x1.9x
Thu, 14 Sep 2023US$288.2bUS$141.3bUS$16.6b17.7x17.3x2x
Sat, 12 Aug 2023US$291.9bUS$141.3bUS$16.6b18.4x17.6x2.1x
Mon, 10 Jul 2023US$299.2bUS$144.0bUS$14.9b19.9x20.1x2.1x
Wed, 07 Jun 2023US$298.2bUS$144.0bUS$14.9b19.7x20.1x2.1x
Fri, 05 May 2023US$315.4bUS$142.5bUS$13.7b20.6x23x2.2x
Sun, 02 Apr 2023US$310.0bUS$138.1bUS$12.5b21.1x24.7x2.2x
Price to Earnings Ratio

24.7x


Total Market Cap: US$310.0bTotal Earnings: US$12.5bTotal 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 22.3x which is higher than its 3-year average PE of 20.2x.
  • 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 2.2% 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 Market-2.29%
Utilities-3.51%
Other Utilities-3.63%
Multi-Utilities-3.63%
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
SRE SempraUS$95.320.3%
+US$182.9m		34.7%PE34.7x
UTL UnitilUS$52.411.1%
+US$9.9m		-6.5%PE18.9x

Latest News

AEE
US$107.80
Ameren
7D
-2.7%
1Y
9.0%

AEE: Data Center Execution And Dividend Path Will Shape Fairly Valued Returns

Ameren's analyst fair value estimate has been revised to $117.00 from $115.69. This reflects analysts' updated assumptions for steady revenue growth, profit margins, and future P/E following a series of recent price target increases across the Street.
D
US$60.66
Dominion Energy
7D
-2.5%
1Y
12.6%

D: Offshore Wind Progress And EPS Guidance Will Support Steady Long-Term Returns

Analysts have inched their price target on Dominion Energy higher to $65.63 from $65.25, citing updated assumptions for revenue growth, profit margin, discount rate and future P/E that slightly adjust the stock's valuation outlook. What's in the News Issued 2026 operating earnings guidance of $3.45 to $3.69 per share, with a midpoint of $3.57 per share that includes $0.07 per share of RNG 45Z income (company guidance).
WEC
US$112.72
WEC Energy Group
7D
-2.7%
1Y
6.5%

WEC: Data Center Capex And Dividend Path Will Shape Future Profile

Analysts have nudged their average price target on WEC Energy Group higher to $123, reflecting updated views on long term earnings potential tied to an expanded capex plan and projected data center driven demand, while overall valuation assumptions, including the discount rate and future P/E, remain largely consistent. Analyst Commentary Recent Street research on WEC Energy Group shows a mix of optimism and caution as analysts update models around earnings visibility, capital spending plans, and data center exposure.
CNP
US$42.07
CenterPoint Energy
7D
-2.7%
1Y
18.4%

CNP: Future Returns Will Hinge On Accelerated Load Timing And Regulatory Outcomes

Analysts have nudged their average price target for CenterPoint Energy up by about $0.88, citing recent Q4 updates around load growth, capex planning, and regulatory developments as key supports for the higher fair value estimate. Analyst Commentary Recent research updates show a cluster of price target increases and one downgrade, giving you a mixed but generally constructive view of how Wall Street is thinking about CenterPoint Energy after Q4.
DTE
US$143.45
DTE Energy
7D
-2.4%
1Y
5.7%

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

Analysts have adjusted their fair value estimate for DTE Energy from $151.50 to about $154.35, reflecting updated views on long term revenue growth, profit margins, and future price-to-earnings assumptions. What's in the News DTE Energy confirmed its 2026 operating EPS guidance range of $7.59 to $7.73, giving investors a reference point for management’s current earnings expectations for that year (company guidance).
SRE
US$95.32
Sempra
7D
0.3%
1Y
34.7%

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

Analysts have inched their blended fair value estimate for Sempra to about $102.56 per share, up from $101.50, reflecting slightly lower assumed revenue growth alongside a modestly higher profit margin outlook and a small uptick in the future P/E multiple. What's in the News Sempra issued full-year 2027 earnings guidance, with expected EPS in a range of $5.10 to $5.70.
UTL
US$52.41
Unitil
7D
1.1%
1Y
-6.5%

UTL: Higher Dividend And Steady Assumptions Will Support A Stable Outlook

Analysts have kept Unitil's fair value estimate steady at $56.00, reflecting largely unchanged assumptions on discount rate, revenue growth, profit margin, and future P/E. This signals that their overall view on the stock's long term potential remains intact.
CMS
US$75.44
CMS Energy
7D
-2.6%
1Y
2.9%
ED
US$110.03
Consolidated Edison
7D
-3.1%
1Y
2.4%
PEG
US$81.07
Public Service Enterprise Group
7D
-3.7%
1Y
-0.6%