Electric Utilities
Electric Utilities is losing market weight. Gained weight for 3 consecutive months.
The loss is shared across much of the industry.
Where did the weight change come from?
12-month contribution in universe percentage points · contributions add to the industry change
The three largest same-direction contributors explain 59% of gross losses. Opposing contributions can make an individual company’s change larger than the industry’s net change.
How has it moved through history?
Share of matched S&P 500 members
Nov 2018 – Oct 2023 · market weight (%)
Relative performance
Industry return versus ACWI · no future data shown
Is participation broad or concentrated?
Actual constituent counts at this date, not the legacy synthetic breadth proxy
This is size concentration, not contribution to the 12-month change. The attribution above measures the latter.
Evidence can disagree
Independent dimensions · no combined score or bullish/bearish verdict
Other evidence and availability
Valuation data: unavailable; shown as zero placeholder.
Attention data: unavailable; shown as zero placeholder.
Actual fund flows: unavailable. No ETF, mutual-fund or institutional flow feed is connected.
Volume / turnover: unavailable in this dataset.
Follow the contribution to individual companies
Sorted by absolute 12-month weight contribution, not investment merit
| Company | Sub-industry | Country | Universe weight | 12M contribution | 12M price return | Revisions |
|---|---|---|---|---|---|---|
| Eversource Energy → ES | Electric Utilities | United States | 0.064% | -0.030 pp | -26.9% | 0.0 |
| American Electric Power → AEP | Electric Utilities | United States | 0.132% | -0.028 pp | -10.8% | 0.0 |
| Duke Energy → DUK | Electric Utilities | United States | 0.233% | -0.022 pp | -0.5% | 0.0 |
| WEC Energy Group → WEC | Electric Utilities | United States | 0.087% | -0.015 pp | -7.8% | 0.0 |
| Constellation Energy → CEG | Electric Utilities | United States | 0.123% | +0.014 pp | +20.8% | 0.0 |
| Evergy → EVRG | Electric Utilities | United States | 0.038% | -0.011 pp | -16.2% | 0.0 |
| PPL Corporation → PPL | Electric Utilities | United States | 0.062% | -0.008 pp | -3.9% | 0.0 |
| FirstEnergy → FE | Electric Utilities | United States | 0.069% | -0.007 pp | -1.7% | 0.0 |
| Public Service Enterprise Group → PEG | Electric Utilities | United States | 0.104% | +0.005 pp | +14.2% | 0.0 |
| Alliant Energy → LNT | Electric Utilities | United States | 0.042% | -0.005 pp | -3.2% | 0.0 |
| Entergy → ETR | Electric Utilities | United States | 0.034% | -0.004 pp | -7.0% | 0.0 |
| Southern Company → SO | Electric Utilities | United States | 0.250% | -0.003 pp | +7.0% | 0.0 |
| Exelon → EXC | Electric Utilities | United States | 0.132% | -0.003 pp | +4.5% | 0.0 |
| Edison International → EIX | Electric Utilities | United States | 0.082% | +0.001 pp | +9.8% | 0.0 |
Underlying monthly industry observations
| Month | Weight | 1M change | 3M change | 6M change | 12M change | Relative return · 12M |
|---|---|---|---|---|---|---|
| Oct 2023 | 1.453% | +0.054 pp | +0.448 pp | -0.140 pp | -0.116 pp | -9.6% |
| Sep 2023 | 1.399% | +0.009 pp | +0.362 pp | -0.176 pp | -0.306 pp | -17.7% |
| Aug 2023 | 1.390% | +0.385 pp | +0.306 pp | -0.159 pp | -0.377 pp | -20.4% |
| Jul 2023 | 1.006% | -0.032 pp | -0.588 pp | -0.604 pp | -0.690 pp | -14.7% |
| Jun 2023 | 1.037% | -0.048 pp | -0.538 pp | -0.680 pp | -0.792 pp | -15.8% |
| May 2023 | 1.085% | -0.509 pp | -0.464 pp | -0.522 pp | -0.733 pp | -11.6% |
| Apr 2023 | 1.594% | +0.018 pp | -0.016 pp | +0.025 pp | -0.177 pp | -3.6% |
| Mar 2023 | 1.575% | +0.026 pp | -0.142 pp | -0.131 pp | -0.081 pp | +3.5% |
| Feb 2023 | 1.549% | -0.061 pp | -0.058 pp | -0.218 pp | +0.007 pp | +10.8% |
| Jan 2023 | 1.610% | -0.107 pp | +0.041 pp | -0.086 pp | +0.111 pp | +13.7% |
| Dec 2022 | 1.717% | +0.110 pp | +0.011 pp | -0.112 pp | +0.283 pp | +28.9% |
| Nov 2022 | 1.607% | +0.038 pp | -0.160 pp | -0.211 pp | +0.226 pp | +29.0% |
| Oct 2022 | 1.569% | -0.137 pp | -0.127 pp | -0.201 pp | +0.165 pp | +30.3% |
| Sep 2022 | 1.706% | -0.061 pp | -0.123 pp | +0.049 pp | +0.295 pp | +35.4% |
| Aug 2022 | 1.767% | +0.071 pp | -0.051 pp | +0.225 pp | +0.329 pp | +36.2% |
| Jul 2022 | 1.696% | -0.133 pp | -0.074 pp | +0.197 pp | +0.258 pp | +30.8% |
| Jun 2022 | 1.829% | +0.011 pp | +0.172 pp | +0.395 pp | +0.415 pp | +38.4% |
| May 2022 | 1.818% | +0.048 pp | +0.275 pp | +0.437 pp | +0.344 pp | +31.3% |
| Apr 2022 | 1.770% | +0.114 pp | +0.272 pp | +0.366 pp | +0.247 pp | +23.4% |
| Mar 2022 | 1.656% | +0.114 pp | +0.222 pp | +0.246 pp | +0.870 pp | +14.4% |
| Feb 2022 | 1.542% | +0.044 pp | +0.161 pp | +0.104 pp | +0.821 pp | +14.5% |
| Jan 2022 | 1.498% | +0.064 pp | +0.095 pp | +0.061 pp | +0.586 pp | +5.8% |
| Dec 2021 | 1.434% | +0.053 pp | +0.023 pp | +0.020 pp | -0.139 pp | -0.2% |
| Nov 2021 | 1.381% | -0.022 pp | -0.057 pp | -0.093 pp | -0.265 pp | -9.3% |
| Oct 2021 | 1.404% | -0.007 pp | -0.034 pp | -0.120 pp | -0.427 pp | -18.4% |
| Sep 2021 | 1.411% | -0.027 pp | -0.003 pp | +0.624 pp | +1.409 pp | -10.8% |
| Aug 2021 | 1.438% | +0.001 pp | -0.035 pp | +0.717 pp | +1.437 pp | -3.6% |
| Jul 2021 | 1.438% | +0.024 pp | -0.086 pp | +0.525 pp | +1.436 pp | -13.8% |
| Jun 2021 | 1.414% | -0.060 pp | +0.627 pp | -0.159 pp | +1.412 pp | -16.8% |
| May 2021 | 1.474% | -0.050 pp | +0.753 pp | -0.173 pp | +1.472 pp | -21.0% |
| Apr 2021 | 1.523% | +0.737 pp | +0.611 pp | -0.308 pp | -0.534 pp | -20.2% |
| Mar 2021 | 0.787% | +0.066 pp | -0.786 pp | +0.785 pp | -99.134 pp | -22.3% |
| Feb 2021 | 0.721% | -0.191 pp | -0.925 pp | +0.719 pp | -99.205 pp | -32.0% |
| Jan 2021 | 0.912% | -0.661 pp | -0.919 pp | +0.911 pp | -1.287 pp | -28.9% |
| Dec 2020 | 1.573% | -0.073 pp | +1.571 pp | +1.571 pp | -0.474 pp | -21.6% |
| Nov 2020 | 1.646% | -0.185 pp | +1.645 pp | +1.644 pp | -0.388 pp | -18.2% |
| Oct 2020 | 1.831% | +1.829 pp | +1.829 pp | -0.226 pp | -0.325 pp | -13.1% |
| Sep 2020 | 0.002% | +0.000 pp | -0.000 pp | -99.919 pp | -2.210 pp | -22.9% |
| Aug 2020 | 0.002% | -0.000 pp | -0.000 pp | -99.924 pp | -2.181 pp | -25.8% |
| Jul 2020 | 0.002% | -0.000 pp | -2.055 pp | -2.197 pp | -2.031 pp | -11.3% |
| Jun 2020 | 0.002% | -0.000 pp | -99.919 pp | -2.045 pp | -2.056 pp | -11.5% |
| May 2020 | 0.002% | -2.055 pp | -99.924 pp | -2.032 pp | -2.151 pp | -6.0% |
| Apr 2020 | 2.057% | -97.864 pp | -0.142 pp | -0.099 pp | -0.044 pp | +0.8% |
| Mar 2020 | 99.921% | -0.005 pp | +97.874 pp | +97.709 pp | +97.781 pp | +1.2% |
| Feb 2020 | 99.926% | +97.727 pp | +97.891 pp | +97.743 pp | +97.814 pp | +7.2% |
| Jan 2020 | 2.199% | +0.152 pp | +0.043 pp | +0.166 pp | +1.038 pp | +12.1% |
| Dec 2019 | 2.047% | +0.013 pp | -0.164 pp | -0.010 pp | +0.852 pp | +0.8% |
| Nov 2019 | 2.034% | -0.122 pp | -0.148 pp | -0.119 pp | +0.876 pp | +4.3% |
| Oct 2019 | 2.156% | -0.055 pp | +0.123 pp | +0.056 pp | +1.030 pp | +11.7% |
| Sep 2019 | 2.211% | +0.029 pp | +0.154 pp | +0.072 pp | +1.181 pp | +28.6% |
| Aug 2019 | 2.182% | +0.150 pp | +0.029 pp | +0.071 pp | +1.131 pp | +25.1% |
| Jul 2019 | 2.033% | -0.025 pp | -0.068 pp | +0.872 pp | +0.206 pp | +15.4% |
| Jun 2019 | 2.057% | -0.096 pp | -0.082 pp | +0.862 pp | +0.196 pp | +14.2% |
| May 2019 | 2.153% | +0.053 pp | +0.041 pp | +0.995 pp | +0.339 pp | +21.8% |
| Apr 2019 | 2.101% | -0.039 pp | +0.940 pp | +0.974 pp | +0.224 pp | +13.6% |
| Mar 2019 | 2.139% | +0.028 pp | +0.944 pp | +1.109 pp | +0.318 pp | +18.9% |
| Feb 2019 | 2.112% | +0.951 pp | +0.954 pp | +1.061 pp | +0.397 pp | +24.5% |
| Jan 2019 | 1.161% | -0.034 pp | +0.034 pp | -0.666 pp | -0.551 pp | +23.2% |
| Dec 2018 | 1.195% | +0.037 pp | +0.165 pp | -0.667 pp | -0.517 pp | +26.4% |
| Nov 2018 | 1.158% | +0.032 pp | +0.107 pp | -0.656 pp | -0.554 pp | +22.0% |
How are these descriptive states defined?
Gaining / losing: 12-month weight change above +0.005pp / below −0.005pp. Direction and speed are separate dimensions, not mutually exclusive recommendations.
Accelerating / slowing: compare the most recent 3M change with the preceding 3M change. Accelerating means a positive change speeds up by >0.02pp. Slowing means the magnitude of movement declines by >0.02pp. A falling industry can also slow.
Reversing: the last two 3M changes have opposite signs, outside a ±0.005pp tolerance. Persistence counts consecutive same-direction monthly changes.
Broad / concentrated: company attribution, not a market-cap concentration shortcut. Concentrated means the three largest same-direction contributors account for ≥70% of gross same-direction changes; otherwise broad requires ≥60% of constituents moving with the industry. Other cases are mixed.
Weights use matched S&P 500 members’ market-cap estimates, based on SEC-reported shares available by each month-end and monthly closing prices. Companies without a matched price or share record are omitted, so the denominator is the matched sample rather than every index member. These are not official float-adjusted S&P weights. Flow is not measured.