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

Information Technology33.6%+3.90 pp Consumer Discretionary13.1%+1.27 pp Financials12.6%+0.85 pp Consumer Staples6.8%+0.07 pp Utilities2.6%-0.07 pp Communication Services2.5%-0.41 pp Real Estate2.3%-0.46 pp Materials2.3%-0.48 pp Industrials9.6%-0.62 pp Energy2.5%-0.66 pp Health Care12.2%-3.40 pp

2 · Industry

Inside Utilities

Multi-Utilities1.06%-0.14 pp Electric Utilities1.41%+0.10 pp Water Utilities0.05%-0.02 pp Independent Power Producers & Energy Traders0.06%-0.01 pp Gas Utilities0.05%-0.00 pp

3 · Sub-industry

Inside Multi-Utilities

Multi-Utilities1.06%-0.144 pp

Broad

The loss is shared across much of the industry.

View all contributions →

Multi-Utilities · weight

1.06%

Industry change · 12M

-0.14 pp

Multi-Utilities · contribution

-0.144 pp

Company participation

25%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Jan 2025 · 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
PG&E Corporation → PCG	United States	$40.9bn	0.091%	-0.033 pp	-0.040 pp	-7.0%	No
NextEra Energy → NEE	United States	$147.2bn	0.327%	-0.056 pp	-0.030 pp	+25.6%	No
Consolidated Edison → ED	United States	$32.5bn	0.072%	-0.011 pp	-0.021 pp	+6.8%	No
Sempra → SRE	United States	$52.5bn	0.117%	-0.007 pp	-0.017 pp	+19.6%	No
Xcel Energy → XEL	United States	$38.6bn	0.086%	-0.004 pp	-0.012 pp	+16.6%	No
Dominion Energy → D	United States	$46.7bn	0.104%	-0.014 pp	-0.010 pp	+27.8%	No
DTE Energy → DTE	United States	$24.8bn	0.055%	-0.005 pp	-0.009 pp	+17.8%	No
NiSource → NI	United States	$17.4bn	0.039%	+0.000 pp	+0.007 pp	+48.8%	Yes
CMS Energy → CMS	United States	$19.7bn	0.044%	-0.005 pp	-0.006 pp	+19.3%	No
CenterPoint Energy → CNP	United States	$21.2bn	0.047%	+0.002 pp	-0.005 pp	+19.9%	Yes
Ameren → AEE	United States	$25.1bn	0.056%	+0.001 pp	+0.002 pp	+40.1%	Yes
Pinnacle West Capital → PNW	United States	$9.9bn	0.022%	-0.001 pp	-0.001 pp	+30.4%	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.