This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More
EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stock Under $10 that he thinks could potentially double or triple in the next 6 to 12-months. See what he's trading today with a 14-day FREE pass.

TransCanada Corp (TRP): Today's Featured Utilities Winner

TransCanada (TRP) pushed the Utilities sector higher today making it today's featured utilities winner. The sector as a whole closed the day down 0.4%. By the end of trading, TransCanada rose 31 cents (0.7%) to $43.04 on light volume. Throughout the day, 403,437 shares of TransCanada exchanged hands as compared to its average daily volume of 580,000 shares. The stock ranged in a price between $42.74-$43.54 after having opened the day at $42.78 as compared to the previous trading day's close of $42.73. Other companies within the Utilities sector that increased today were: Delta Natural Gas Company (DGAS), up 4.3%, Dynegy (DYN), up 2.5%, and Ocean Power Technologies (OPTT), up 1.8%.

Transcanada Corporation operates as an energy infrastructure company in North America. The company operates in three segments: Natural Gas Pipelines, Oil Pipelines, and Energy. TransCanada has a market cap of $30.11 billion and is part of the utilities industry. The company has a P/E ratio of 20.5, above the average utilities industry P/E ratio of 20.3 and above the S&P 500 P/E ratio of 17.7. Shares are down 2.2% year to date as of the close of trading on Thursday. Currently there are three analysts that rate TransCanada a buy, one analyst rates it a sell, and four rate it a hold.

TheStreet Ratings rates TransCanada as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, good cash flow from operations, impressive record of earnings per share growth and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated.

On the negative front, GreenHunter Energy (GRH), down 10.1%, China Hydroelectric Corporation (CHC), down 5.6%, Niska Gas Storage Partners (NKA), down 3.5%, and Unitil Corporation (UTL), down 2.7%, were all losers within the utilities sector with Ameren (AEE) being today's utilities sector loser.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the utilities sector could consider Utilities Select Sector SPDR (XLU) while those bearish on the utilities sector could consider ProShares UltraShort Utilities (SDP).

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
DOW 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 +2.54 0.14%
NASDAQ 4,095.5160 +9.2910 0.23%

Brokerage Partners

Top Rated Stocks Top Rated Funds Top Rated ETFs