3 Utilities Stocks Pushing The Sector Higher
1. As of noon trading, Northeast Utilities ( NU) is up $0.36 (0.81) to $45.34 on light volume Thus far, 474,756 shares of Northeast Utilities exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $45.00-$45.53 after having opened the day at $45.24 as compared to the previous trading day's close of $44.97. Northeast Utilities, a public utility company, through its subsidiaries, engages in the energy delivery business. It operates in four segments: Electric Distribution, Electric Transmission, Natural Gas Distribution, and Other. Northeast Utilities has a market cap of $14.3 billion and is part of the utilities industry. The company has a P/E ratio of 24.0, above the S&P 500 P/E ratio of 17.7. Shares are up 15.1% year to date as of the close of trading on Wednesday. Currently there are 7 analysts that rate Northeast Utilities a buy, no analysts rate it a sell, and 4 rate it a hold. TheStreet Ratings rates Northeast Utilities as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Northeast Utilities Ratings Report now. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE. If you are interested in one of these 3 stocks, 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). A reminder about TheStreet Ratings group: 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 model.
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