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 Technology32.5%+4.21 pp Financials12.6%+0.68 pp Utilities2.9%+0.21 pp Communication Services2.8%+0.07 pp Consumer Staples7.3%-0.17 pp Real Estate2.5%-0.21 pp Energy2.8%-0.42 pp Materials2.4%-0.51 pp Consumer Discretionary11.4%-0.59 pp Industrials9.8%-0.82 pp Health Care12.9%-2.46 pp

2 · Industry

Inside Utilities

Electric Utilities1.53%+0.19 pp Multi-Utilities1.18%+0.01 pp Gas Utilities0.06%+0.01 pp Independent Power Producers & Energy Traders0.07%-0.01 pp Water Utilities0.07%+0.00 pp

3 · Sub-industry

Inside Multi-Utilities

Multi-Utilities1.18%+0.009 pp

Broad

The gain is shared across much of the industry.

View all contributions →

Multi-Utilities · weight

1.18%

Industry change · 12M

+0.01 pp

Multi-Utilities · contribution

+0.009 pp

Company participation

83%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Mar 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
NextEra Energy → NEE	United States	$145.8bn	0.346%	+0.012 pp	-0.018 pp	+14.0%	Yes
Sempra → SRE	United States	$46.5bn	0.110%	-0.016 pp	-0.016 pp	+2.5%	No
Xcel Energy → XEL	United States	$40.7bn	0.097%	+0.009 pp	+0.014 pp	+36.4%	Yes
PG&E Corporation → PCG	United States	$45.9bn	0.109%	-0.011 pp	-0.012 pp	+2.9%	No
NiSource → NI	United States	$18.8bn	0.045%	+0.006 pp	+0.010 pp	+49.8%	Yes
Ameren → AEE	United States	$27.1bn	0.064%	+0.010 pp	+0.010 pp	+40.1%	Yes
CenterPoint Energy → CNP	United States	$23.6bn	0.056%	+0.009 pp	+0.006 pp	+30.7%	Yes
Consolidated Edison → ED	United States	$38.3bn	0.091%	+0.021 pp	+0.004 pp	+26.0%	Yes
CMS Energy → CMS	United States	$22.4bn	0.053%	+0.008 pp	+0.004 pp	+28.4%	Yes
DTE Energy → DTE	United States	$28.7bn	0.068%	+0.011 pp	+0.004 pp	+27.6%	Yes
Pinnacle West Capital → PNW	United States	$11.3bn	0.027%	+0.005 pp	+0.003 pp	+33.1%	Yes
Dominion Energy → D	United States	$47.8bn	0.113%	+0.011 pp	-0.001 pp	+19.6%	Yes

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.