Multi-Utilities
Multi-Utilities is losing market weight. Gained weight for 1 consecutive month.
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 48% 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
Jan 2018 – Oct 2018 · 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 |
|---|---|---|---|---|---|---|
| Dominion Energy → D | Multi-Utilities | United States | 0.158% | -0.122 pp | -3.1% | 0.0 |
| Consolidated Edison → ED | Multi-Utilities | United States | 0.080% | -0.062 pp | -2.8% | 0.0 |
| Xcel Energy → XEL | Multi-Utilities | United States | 0.085% | -0.047 pp | +10.2% | 0.0 |
| PG&E Corporation → PCG | Multi-Utilities | United States | 0.082% | -0.042 pp | +10.3% | 0.0 |
| NextEra Energy → NEE | Multi-Utilities | United States | 0.070% | -0.036 pp | +11.1% | 0.0 |
| DTE Energy → DTE | Multi-Utilities | United States | 0.059% | -0.033 pp | +9.2% | 0.0 |
| CenterPoint Energy → CNP | Multi-Utilities | United States | 0.040% | -0.030 pp | -1.1% | 0.0 |
| Sempra → SRE | Multi-Utilities | United States | 0.051% | -0.026 pp | +5.4% | 0.0 |
| Ameren → AEE | Multi-Utilities | United States | 0.053% | -0.025 pp | +16.8% | 0.0 |
| CMS Energy → CMS | Multi-Utilities | United States | 0.048% | -0.021 pp | +13.3% | 0.0 |
| Pinnacle West Capital → PNW | Multi-Utilities | United States | 0.031% | -0.020 pp | +5.6% | 0.0 |
| NiSource → NI | Multi-Utilities | United States | 0.031% | -0.016 pp | +6.1% | 0.0 |
Underlying monthly industry observations
| Month | Weight | 1M change | 3M change | 6M change | 12M change | Relative return · 12M |
|---|---|---|---|---|---|---|
| Oct 2018 | 0.789% | +0.060 pp | -0.542 pp | -0.567 pp | -0.480 pp | +15.2% |
| Sep 2018 | 0.729% | -0.021 pp | -0.619 pp | -0.608 pp | -0.539 pp | +5.0% |
| Aug 2018 | 0.750% | -0.581 pp | -0.562 pp | -0.535 pp | -0.519 pp | +6.8% |
| Jul 2018 | 1.331% | -0.017 pp | -0.025 pp | +0.063 pp | +0.063 pp | +6.0% |
| Jun 2018 | 1.349% | +0.037 pp | +0.012 pp | +0.080 pp | +0.080 pp | +6.7% |
| May 2018 | 1.312% | -0.044 pp | +0.027 pp | +0.043 pp | +0.043 pp | +2.9% |
| Apr 2018 | 1.356% | +0.019 pp | +0.087 pp | +0.087 pp | +0.087 pp | +5.4% |
| Mar 2018 | 1.337% | +0.051 pp | +0.068 pp | +0.068 pp | +0.068 pp | +4.5% |
| Feb 2018 | 1.285% | +0.017 pp | +0.017 pp | +0.017 pp | +0.017 pp | +0.8% |
| Jan 2018 | 1.269% | +0.000 pp | +0.000 pp | +0.000 pp | +0.000 pp | +0.0% |
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.