5 Stocks Pushing The Utilities Sector Higher
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our modelTwo out of the three major indices are trading up today with the Dow Jones Industrial Average (^DJI) trading up 67 points (0.5%) at 13,019 as of Wednesday, Dec. 5, 2012, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,464 issues advancing vs. 1,407 declining with 149 unchanged.The Utilities sector currently is unchanged today versus the S&P 500, which is up 0.0%. Top gainers within the sector include Edison International (EIX), up 0.9%, Northeast Utilities (NU), up 0.9%, Xcel Energy (XEL), up 0.8% and Korea Electric Power (KEP), up 0.7%. A company within the sector that fell today was Centrais Eletricas Brasileiras (EBR.B), up 3.4%.TheStreet Ratings group would like to highlight 5 stocks pushing the sector higher today:5. Public Service Enterprise Group (PEG) is one of the companies pushing the Utilities sector higher today. As of noon trading, Public Service Enterprise Group is up $0.23 (0.8%) to $29.60 on light volume Thus far, 570,984 shares of Public Service Enterprise Group exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $29.35-$29.65 after having opened the day at $29.47 as compared to the previous trading day's close of $29.36. Public Service Enterprise Group Incorporated, through its subsidiaries, operates as an energy company primarily in the northeastern and mid Atlantic United States. Public Service Enterprise Group has a market cap of $15.1 billion and is part of the utilities industry. The company has a P/E ratio of 10.7, below the S&P 500 P/E ratio of 17.7. Shares are down 10.0% year to date as of the close of trading on Tuesday. Currently there is 1 analyst that rates Public Service Enterprise Group a buy, 3 analysts rate it a sell, and 9 rate it a hold.TheStreet Ratings rates Public Service Enterprise Group as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Public Service Enterprise Group Ratings Report now.EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
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.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
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.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV