3 Utilities Stocks Pushing Sector Growth
All three major indices are trading down today with the
Dow Jones Industrial Average
(
^DJI
) trading down 29 points (-0.2%) at 17,702 as of Tuesday, Nov. 10, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,315 issues advancing vs. 1,646 declining with 122 unchanged.
The Utilities sector currently sits up 0.2% versus the S&P 500, which is down 0.3%. Top gainers within the sector include
Centrais Eletricas Brasileiras
(
), up 7.3%,
(
), up 1.8%,
(
), up 1.4%,
(
), up 1.0% and
(
), up 0.9%. A company within the sector that fell today was
(
), up 1.5%.
TheStreet would like to highlight 3 stocks pushing the sector higher today:
3.
(
) is one of the companies pushing the Utilities sector higher today. As of noon trading, Xcel Energy is up $0.42 (1.2%) to $35.43 on light volume. Thus far, 1.2 million shares of Xcel Energy exchanged hands as compared to its average daily volume of 3.4 million shares. The stock has ranged in price between $35.00-$35.52 after having opened the day at $35.03 as compared to the previous trading day's close of $35.01.
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Xcel Energy Inc., through its subsidiaries, engages primarily in the generation, purchase, transmission, distribution, and sale of electricity in the United States. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. Xcel Energy has a market cap of $17.7 billion and is part of the utilities industry. Shares are down 2.5% year-to-date as of the close of trading on Monday. Currently there are 5 analysts who rate Xcel Energy a buy, no analysts rate it a sell, and 8 rate it a hold.
TheStreet Ratings rates
Xcel Energy
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, good cash flow from operations, growth in earnings per share and increase in net income. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full
now.
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2. As of noon trading,
(
) is up $0.99 (1.6%) to $62.92 on average volume. Thus far, 829,651 shares of Consolidated Edison exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $62.06-$63.06 after having opened the day at $62.13 as compared to the previous trading day's close of $61.93.
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Consolidated Edison, Inc., through its subsidiaries, engages in regulated electric, gas, and steam delivery businesses in the United States. Consolidated Edison has a market cap of $18.2 billion and is part of the utilities industry. Shares are down 6.2% year-to-date as of the close of trading on Monday. Currently there are no analysts who rate Consolidated Edison a buy, 3 analysts rate it a sell, and 7 rate it a hold.
TheStreet Ratings rates
Consolidated Edison
as a
. The company's strengths can be seen in multiple areas, such as its increase in net income, reasonable valuation levels, growth in earnings per share and increase in stock price during the past year. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full
Consolidated Edison Ratings Report
now.
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1. As of noon trading,
(
) is up $0.36 (0.5%) to $68.09 on light volume. Thus far, 675,429 shares of Dominion Resources exchanged hands as compared to its average daily volume of 2.7 million shares. The stock has ranged in price between $67.71-$68.32 after having opened the day at $67.80 as compared to the previous trading day's close of $67.73.
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Dominion Resources, Inc. produces and transports energy in the United States. The company operates through three segments: Dominion Virginia Power (DVP), Dominion Generation, and Dominion Energy. Dominion Resources has a market cap of $40.4 billion and is part of the utilities industry. Shares are down 11.9% year-to-date as of the close of trading on Monday. Currently there are 8 analysts who rate Dominion Resources a buy, no analysts rate it a sell, and 5 rate it a hold.
TheStreet Ratings rates
Dominion Resources
as a
. The company's strengths can be seen in multiple areas, such as its increase in net income, notable return on equity, expanding profit margins, good cash flow from operations and growth in earnings per share. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full
Dominion Resources Ratings Report
now.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings 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
(
) while those bearish on the utilities sector could consider
ProShares UltraShort Utilities
(
).