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 Technology36.6%+3.08 pp Industrials10.0%+0.39 pp Communication Services2.7%+0.26 pp Materials2.4%+0.12 pp Energy2.5%+0.04 pp Utilities2.6%-0.06 pp Real Estate2.1%-0.26 pp Consumer Staples6.3%-0.46 pp Consumer Discretionary12.3%-0.81 pp Financials11.4%-1.15 pp Health Care11.0%-1.15 pp

2 · Industry

Inside Utilities

Electric Utilities1.34%-0.06 pp Independent Power Producers & Energy Traders0.08%+0.01 pp Water Utilities0.05%-0.01 pp Multi-Utilities1.06%-0.00 pp Gas Utilities0.05%+0.00 pp

3 · Sub-industry

Inside Multi-Utilities

Multi-Utilities1.06%-0.004 pp

Concentrated

Most of this industry's losses came from a few companies.

View all contributions →

Multi-Utilities · weight

1.06%

Industry change · 12M

-0.00 pp

Multi-Utilities · contribution

-0.004 pp

Company participation

33%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Jan 2026 · 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	$183.1bn	0.350%	+0.018 pp	+0.023 pp	+26.7%	Yes
PG&E Corporation → PCG	United States	$41.3bn	0.079%	-0.005 pp	-0.012 pp	-0.7%	No
Sempra → SRE	United States	$56.8bn	0.109%	-0.009 pp	-0.008 pp	+8.4%	No
Dominion Energy → D	United States	$51.4bn	0.098%	+0.000 pp	-0.006 pp	+13.4%	No
Ameren → AEE	United States	$27.9bn	0.053%	-0.001 pp	-0.002 pp	+12.9%	No
CenterPoint Energy → CNP	United States	$25.9bn	0.050%	+0.001 pp	+0.002 pp	+24.8%	No
CMS Energy → CMS	United States	$21.8bn	0.042%	-0.002 pp	-0.002 pp	+11.6%	No
DTE Energy → DTE	United States	$27.9bn	0.053%	-0.002 pp	-0.002 pp	+15.9%	No
NiSource → NI	United States	$21.1bn	0.040%	+0.001 pp	+0.002 pp	+22.1%	Yes
Consolidated Edison → ED	United States	$38.5bn	0.074%	+0.005 pp	+0.001 pp	+17.7%	Yes
Pinnacle West Capital → PNW	United States	$11.2bn	0.021%	+0.001 pp	-0.001 pp	+12.0%	Yes
Xcel Energy → XEL	United States	$45.0bn	0.086%	-0.008 pp	+0.000 pp	+16.9%	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.