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

Materials30.1%+27.83 pp Energy2.0%-0.58 pp Communication Services2.1%-0.59 pp Utilities2.1%-0.66 pp Real Estate1.6%-0.88 pp Industrials7.7%-1.89 pp Consumer Staples4.9%-2.28 pp Consumer Discretionary8.4%-3.45 pp Health Care8.2%-4.24 pp Financials7.7%-4.88 pp Information Technology25.3%-8.39 pp

2 · Industry

Inside Utilities

Electric Utilities1.09%-0.36 pp Multi-Utilities0.83%-0.26 pp Water Utilities0.04%-0.02 pp Gas Utilities0.04%-0.01 pp Independent Power Producers & Energy Traders0.07%+0.00 pp

3 · Sub-industry

Inside Multi-Utilities

Multi-Utilities0.83%-0.261 pp

Broad

The loss is shared across much of the industry.

View all contributions →

Multi-Utilities · weight

0.83%

Industry change · 12M

-0.26 pp

Multi-Utilities · contribution

-0.261 pp

Company participation

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Feb 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	$195.4bn	0.268%	-0.085 pp	-0.055 pp	+37.6%	No
Dominion Energy → D	United States	$55.5bn	0.076%	-0.029 pp	-0.032 pp	+16.7%	No
PG&E Corporation → PCG	United States	$50.8bn	0.070%	-0.015 pp	-0.028 pp	+17.2%	No
Consolidated Edison → ED	United States	$40.6bn	0.056%	-0.015 pp	-0.023 pp	+14.5%	No
Xcel Energy → XEL	United States	$52.0bn	0.071%	-0.024 pp	-0.021 pp	+19.4%	No
DTE Energy → DTE	United States	$30.8bn	0.042%	-0.014 pp	-0.020 pp	+14.6%	No
Ameren → AEE	United States	$31.3bn	0.043%	-0.014 pp	-0.018 pp	+14.8%	No
Sempra → SRE	United States	$62.9bn	0.086%	-0.035 pp	-0.018 pp	+38.9%	No
CMS Energy → CMS	United States	$23.9bn	0.033%	-0.012 pp	-0.016 pp	+10.1%	No
NiSource → NI	United States	$22.6bn	0.031%	-0.010 pp	-0.012 pp	+19.1%	No
CenterPoint Energy → CNP	United States	$28.4bn	0.039%	-0.012 pp	-0.011 pp	+29.4%	No
Pinnacle West Capital → PNW	United States	$12.1bn	0.017%	-0.005 pp	-0.008 pp	+12.8%	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.