Observatory · observe first

Follow the allocation change

Matched S&P 500 members → sector → industry → sub-industry → company. Each step uses the same percentage points.

Historical time machine

Historical observation

20182026

Universe›Utilities›Multi-Utilities›Multi-Utilities

1 · Sector

Weight and 12M allocation change

Consumer Discretionary11.0%+3.61 pp Health Care17.7%+1.59 pp Energy3.6%+1.22 pp Consumer Staples7.8%+0.78 pp Utilities3.5%+0.51 pp Real Estate3.3%+0.14 pp Materials3.0%-0.15 pp Communication Services3.3%-1.01 pp Information Technology25.3%-2.16 pp Industrials9.6%-2.22 pp Financials12.0%-2.30 pp

2 · Industry

Inside Utilities

Electric Utilities1.71%+0.29 pp Multi-Utilities1.56%+0.21 pp Gas Utilities0.06%+0.02 pp Water Utilities0.09%-0.01 pp Independent Power Producers & Energy Traders0.09%+0.01 pp

3 · Sub-industry

Inside Multi-Utilities

Multi-Utilities1.56%+0.205 pp

Broad

The gain is shared across much of the industry.

View all contributions →

Multi-Utilities · weight

1.56%

Industry change · 12M

+0.21 pp

Multi-Utilities · contribution

+0.205 pp

Company participation

18%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Sep 2022 · sorted by absolute contribution to 12-month change

Company	Country	Market cap	Universe weight	3M contribution	12M contribution	12M price return	Above 6M weight average
NextEra Energy → NEE	United States	$154.1bn	0.605%	+0.014 pp	+0.065 pp	+1.9%	Yes
Consolidated Edison → ED	United States	$30.4bn	0.119%	-0.012 pp	+0.029 pp	+22.4%	No
Sempra → SRE	United States	$23.6bn	0.093%	+0.001 pp	+0.022 pp	+22.2%	Yes
Xcel Energy → XEL	United States	$35.0bn	0.138%	-0.012 pp	+0.019 pp	+5.3%	No
Dominion Energy → D	United States	$57.5bn	0.226%	-0.026 pp	+0.019 pp	-2.1%	No
CenterPoint Energy → CNP	United States	$17.7bn	0.070%	-0.003 pp	+0.019 pp	+17.3%	No
DTE Energy → DTE	United States	$22.3bn	0.088%	-0.008 pp	+0.012 pp	+6.0%	No
Ameren → AEE	United States	$20.8bn	0.082%	-0.009 pp	+0.009 pp	+2.0%	No
NiSource → NI	United States	$10.2bn	0.040%	-0.006 pp	+0.007 pp	+7.4%	No
CMS Energy → CMS	United States	$16.9bn	0.066%	-0.010 pp	+0.006 pp	+0.2%	No
Pinnacle West Capital → PNW	United States	$7.3bn	0.029%	-0.003 pp	+0.000 pp	-6.5%	No

Company contributions use weights among matched S&P 500 members and add through each level without rescaling. Companies without matched shares and prices are omitted. These observations do not establish official index weights or actual fund flows.