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U.S. Multi-Utilities Industry Analysis

UpdatedMar 27, 2026
DataAggregated Company Financials
Companies15
  • 7D-1.2%
  • 3M6.9%
  • 1Y12.0%
  • YTDn/a

Over the last 7 days, the Multi-Utilities industry has dropped 1.2%, driven by a pullback from Public Service Enterprise Group of 2.8%. In the past year, the industry has gained 12%. 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, 27 Mar 2026US$394.6bUS$147.4bUS$17.5b20.6x22.5x2.7x
Sun, 22 Feb 2026US$403.2bUS$146.3bUS$17.5b21.6x23x2.8x
Tue, 20 Jan 2026US$380.4bUS$143.1bUS$17.4b20x21.9x2.7x
Thu, 18 Dec 2025US$365.2bUS$143.1bUS$17.4b19.4x21x2.6x
Sat, 15 Nov 2025US$382.0bUS$143.1bUS$17.3b20.1x22x2.7x
Mon, 13 Oct 2025US$378.1bUS$138.4bUS$17.1b20.4x22.2x2.7x
Wed, 10 Sep 2025US$357.6bUS$138.4bUS$17.1b19.7x20.9x2.6x
Fri, 08 Aug 2025US$370.1bUS$138.0bUS$17.3b20.7x21.4x2.7x
Sun, 06 Jul 2025US$351.1bUS$135.1bUS$16.8b20.4x20.9x2.6x
Tue, 03 Jun 2025US$357.7bUS$135.1bUS$16.8b20.8x21.3x2.6x
Thu, 01 May 2025US$358.3bUS$130.9bUS$15.8b22.3x22.6x2.7x
Sat, 29 Mar 2025US$347.9bUS$130.3bUS$15.9b22.3x21.9x2.7x
Mon, 24 Feb 2025US$355.8bUS$130.2bUS$16.3b20.6x21.8x2.7x
Wed, 22 Jan 2025US$344.2bUS$128.9bUS$16.3b19.3x21.1x2.7x
Fri, 20 Dec 2024US$329.0bUS$128.9bUS$16.3b18.9x20.2x2.6x
Sun, 17 Nov 2024US$350.1bUS$128.9bUS$16.3b20.3x21.5x2.7x
Tue, 15 Oct 2024US$339.9bUS$128.0bUS$15.7b19.6x21.6x2.7x
Thu, 12 Sep 2024US$334.9bUS$128.0bUS$15.7b19.3x21.3x2.6x
Sat, 10 Aug 2024US$318.6bUS$128.0bUS$15.7b18.8x20.3x2.5x
Mon, 08 Jul 2024US$296.5bUS$126.7bUS$15.7b17.1x18.9x2.3x
Wed, 05 Jun 2024US$308.0bUS$126.7bUS$15.7b17.9x19.6x2.4x
Fri, 03 May 2024US$297.9bUS$130.4bUS$16.5b18.4x18x2.3x
Sun, 31 Mar 2024US$293.6bUS$131.6bUS$17.2b17.1x17x2.2x
Tue, 27 Feb 2024US$277.0bUS$131.8bUS$17.0b16.4x16.3x2.1x
Thu, 25 Jan 2024US$276.1bUS$138.1bUS$17.2b16.2x16.1x2x
Sat, 23 Dec 2023US$285.2bUS$138.1bUS$17.2b17x16.6x2.1x
Mon, 20 Nov 2023US$283.4bUS$138.1bUS$17.2b17.2x16.5x2.1x
Wed, 18 Oct 2023US$273.7bUS$141.3bUS$16.6b17.2x16.5x1.9x
Fri, 15 Sep 2023US$288.2bUS$141.3bUS$16.6b18x17.3x2x
Sun, 13 Aug 2023US$291.9bUS$141.3bUS$16.6b18.4x17.6x2.1x
Tue, 11 Jul 2023US$297.4bUS$144.0bUS$14.9b19.9x20x2.1x
Thu, 08 Jun 2023US$298.2bUS$144.0bUS$14.9b20.2x20.1x2.1x
Sat, 06 May 2023US$317.5bUS$144.0bUS$14.8b20.7x21.4x2.2x
Mon, 03 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 22.5x 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 2.7x.
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-1.62%
Utilities-1.86%
Other Utilities-1.17%
Multi-Utilities-1.17%
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$95.884.5%
+US$2.7b		37.5%PE34.9x
D Dominion EnergyUS$60.882.5%
+US$1.3b		10.7%PE18x
ED Consolidated EdisonUS$111.682.0%
+US$805.7m		2.7%PE19.9x
AEE AmerenUS$108.722.5%
+US$735.3m		9.0%PE20.6x
WEC WEC Energy GroupUS$114.361.9%
+US$728.9m		6.3%PE23.9x

Latest News

AEE
US$108.72
Ameren
7D
2.5%
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$60.88
Dominion Energy
7D
2.5%
1Y
10.7%

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$114.36
WEC Energy Group
7D
1.9%
1Y
6.3%

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.
DTE
US$144.47
DTE Energy
7D
2.0%
1Y
5.8%

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$95.88
Sempra
7D
4.5%
1Y
37.5%

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.
CMS
US$76.21
CMS Energy
7D
2.4%
1Y
2.7%
ED
US$111.68
Consolidated Edison
7D
2.0%
1Y
2.7%
PEG
US$80.71
Public Service Enterprise Group
7D
1.6%
1Y
-1.1%