Multi-Utilities
Multi-Utilities is losing market weight. Gained weight for 1 consecutive month.
Most of this industry's losses came from a few companies.
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 84% 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 |
|---|---|---|---|---|---|---|
| NextEra Energy → NEE | Multi-Utilities | United States | 0.401% | -0.139 pp | -22.9% | 0.0 |
| Dominion Energy → D | Multi-Utilities | United States | 0.115% | -0.092 pp | -39.4% | 0.0 |
| Xcel Energy → XEL | Multi-Utilities | United States | 0.111% | -0.015 pp | -6.0% | 0.0 |
| PG&E Corporation → PCG | Multi-Utilities | United States | 0.145% | +0.014 pp | +9.2% | 0.0 |
| DTE Energy → DTE | Multi-Utilities | United States | 0.068% | -0.010 pp | -11.0% | 0.0 |
| Sempra → SRE | Multi-Utilities | United States | 0.075% | -0.009 pp | -4.2% | 0.0 |
| Consolidated Edison → ED | Multi-Utilities | United States | 0.103% | -0.008 pp | +3.4% | 0.0 |
| Ameren → AEE | Multi-Utilities | United States | 0.068% | -0.007 pp | -4.3% | 0.0 |
| CenterPoint Energy → CNP | Multi-Utilities | United States | 0.058% | -0.006 pp | -3.6% | 0.0 |
| CMS Energy → CMS | Multi-Utilities | United States | 0.054% | -0.005 pp | -1.6% | 0.0 |
| NiSource → NI | Multi-Utilities | United States | 0.035% | -0.002 pp | +1.6% | 0.0 |
| Pinnacle West Capital → PNW | Multi-Utilities | United States | 0.029% | +0.002 pp | +15.4% | 0.0 |
Underlying monthly industry observations
| Month | Weight | 1M change | 3M change | 6M change | 12M change | Relative return · 12M |
|---|---|---|---|---|---|---|
| Oct 2023 | 1.260% | +0.030 pp | +0.316 pp | -0.251 pp | -0.277 pp | -22.1% |
| Sep 2023 | 1.230% | -0.038 pp | +0.248 pp | -0.260 pp | -0.325 pp | -28.8% |
| Aug 2023 | 1.268% | +0.324 pp | +0.227 pp | -0.193 pp | -0.326 pp | -27.8% |
| Jul 2023 | 0.944% | -0.039 pp | -0.567 pp | -0.559 pp | -0.581 pp | -20.4% |
| Jun 2023 | 0.982% | -0.059 pp | -0.507 pp | -0.665 pp | -0.647 pp | -19.7% |
| May 2023 | 1.041% | -0.470 pp | -0.420 pp | -0.521 pp | -0.513 pp | -10.9% |
| Apr 2023 | 1.511% | +0.021 pp | +0.008 pp | -0.027 pp | +0.020 pp | -2.7% |
| Mar 2023 | 1.490% | +0.029 pp | -0.158 pp | -0.066 pp | -0.009 pp | -2.3% |
| Feb 2023 | 1.461% | -0.042 pp | -0.102 pp | -0.134 pp | +0.042 pp | +2.6% |
| Jan 2023 | 1.503% | -0.145 pp | -0.034 pp | -0.021 pp | +0.121 pp | +8.1% |
| Dec 2022 | 1.647% | +0.085 pp | +0.092 pp | +0.018 pp | +0.251 pp | +19.3% |
| Nov 2022 | 1.562% | +0.025 pp | -0.032 pp | +0.008 pp | +0.207 pp | +20.0% |
| Oct 2022 | 1.537% | -0.018 pp | +0.013 pp | +0.047 pp | +0.188 pp | +24.6% |
| Sep 2022 | 1.556% | -0.039 pp | -0.074 pp | +0.056 pp | +0.205 pp | +31.8% |
| Aug 2022 | 1.595% | +0.070 pp | +0.040 pp | +0.176 pp | +0.223 pp | +31.6% |
| Jul 2022 | 1.524% | -0.105 pp | +0.034 pp | +0.143 pp | +0.184 pp | +28.4% |
| Jun 2022 | 1.630% | +0.076 pp | +0.130 pp | +0.233 pp | +0.305 pp | +34.2% |
| May 2022 | 1.554% | +0.064 pp | +0.135 pp | +0.199 pp | +0.169 pp | +21.9% |
| Apr 2022 | 1.490% | -0.009 pp | +0.109 pp | +0.141 pp | +0.046 pp | +11.4% |
| Mar 2022 | 1.499% | +0.081 pp | +0.103 pp | +0.149 pp | +0.752 pp | +10.7% |
| Feb 2022 | 1.419% | +0.037 pp | +0.063 pp | +0.047 pp | +0.718 pp | +9.9% |
| Jan 2022 | 1.381% | -0.015 pp | +0.032 pp | +0.041 pp | +0.767 pp | -2.0% |
| Dec 2021 | 1.396% | +0.041 pp | +0.046 pp | +0.072 pp | +0.331 pp | -2.9% |
| Nov 2021 | 1.355% | +0.005 pp | -0.016 pp | -0.030 pp | +0.217 pp | -12.9% |
| Oct 2021 | 1.350% | -0.000 pp | +0.009 pp | -0.095 pp | +0.060 pp | -23.9% |
| Sep 2021 | 1.350% | -0.021 pp | +0.026 pp | +0.603 pp | +1.349 pp | -19.1% |
| Aug 2021 | 1.372% | +0.031 pp | -0.014 pp | +0.671 pp | +1.370 pp | -14.4% |
| Jul 2021 | 1.341% | +0.016 pp | -0.104 pp | +0.726 pp | +1.339 pp | -22.8% |
| Jun 2021 | 1.325% | -0.061 pp | +0.577 pp | +0.260 pp | +1.323 pp | -23.8% |
| May 2021 | 1.386% | -0.059 pp | +0.685 pp | +0.247 pp | +1.384 pp | -25.7% |
| Apr 2021 | 1.444% | +0.697 pp | +0.830 pp | +0.154 pp | +0.052 pp | -22.6% |
| Mar 2021 | 0.747% | +0.047 pp | -0.317 pp | +0.746 pp | +0.746 pp | -27.0% |
| Feb 2021 | 0.700% | +0.086 pp | -0.438 pp | +0.699 pp | +0.699 pp | -27.4% |
| Jan 2021 | 0.614% | -0.450 pp | -0.676 pp | +0.613 pp | -0.812 pp | -22.8% |
| Dec 2020 | 1.065% | -0.074 pp | +1.064 pp | +1.063 pp | -0.278 pp | -15.5% |
| Nov 2020 | 1.139% | -0.152 pp | +1.137 pp | +1.137 pp | -0.202 pp | -10.3% |
| Oct 2020 | 1.290% | +1.289 pp | +1.289 pp | -0.102 pp | -0.127 pp | -4.0% |
| Sep 2020 | 0.001% | +0.000 pp | -0.000 pp | +0.000 pp | -1.453 pp | -12.8% |
| Aug 2020 | 0.001% | -0.000 pp | -0.000 pp | +0.000 pp | -1.431 pp | -14.2% |
| Jul 2020 | 0.001% | -0.000 pp | -1.391 pp | -1.425 pp | -1.341 pp | -0.7% |
| Jun 2020 | 0.001% | -0.000 pp | +0.000 pp | -1.341 pp | -1.375 pp | -3.7% |
| May 2020 | 0.001% | -1.391 pp | +0.000 pp | -1.339 pp | -1.446 pp | -0.6% |
| Apr 2020 | 1.392% | +1.391 pp | -0.034 pp | -0.026 pp | +0.002 pp | +5.8% |
| Mar 2020 | 0.001% | +0.000 pp | -1.342 pp | -1.453 pp | -1.421 pp | +9.3% |
| Feb 2020 | 0.001% | -1.425 pp | -1.339 pp | -1.431 pp | -1.393 pp | +4.9% |
| Jan 2020 | 1.426% | +0.083 pp | +0.009 pp | +0.083 pp | +0.702 pp | +9.8% |
| Dec 2019 | 1.343% | +0.002 pp | -0.112 pp | -0.033 pp | +0.543 pp | -1.4% |
| Nov 2019 | 1.341% | -0.077 pp | -0.092 pp | -0.107 pp | +0.558 pp | +1.4% |
| Oct 2019 | 1.418% | -0.037 pp | +0.075 pp | +0.027 pp | +0.629 pp | +5.7% |
| Sep 2019 | 1.455% | +0.022 pp | +0.079 pp | +0.032 pp | +0.726 pp | +20.4% |
| Aug 2019 | 1.432% | +0.090 pp | -0.015 pp | +0.038 pp | +0.683 pp | +15.9% |
| Jul 2019 | 1.343% | -0.033 pp | -0.048 pp | +0.618 pp | +0.012 pp | +9.3% |
| Jun 2019 | 1.376% | -0.072 pp | -0.046 pp | +0.576 pp | +0.027 pp | +9.8% |
| May 2019 | 1.447% | +0.057 pp | +0.053 pp | +0.664 pp | +0.136 pp | +17.6% |
| Apr 2019 | 1.390% | -0.032 pp | +0.666 pp | +0.602 pp | +0.034 pp | +8.4% |
| Mar 2019 | 1.422% | +0.028 pp | +0.622 pp | +0.693 pp | +0.086 pp | +12.1% |
| Feb 2019 | 1.394% | +0.669 pp | +0.611 pp | +0.644 pp | +0.109 pp | +14.4% |
| Jan 2019 | 0.725% | -0.076 pp | -0.064 pp | -0.606 pp | -0.544 pp | +12.9% |
| Dec 2018 | 0.800% | +0.017 pp | +0.071 pp | -0.548 pp | -0.468 pp | +17.3% |
| Nov 2018 | 0.783% | -0.006 pp | +0.033 pp | -0.529 pp | -0.486 pp | +14.1% |
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.