PG&E Corp (PCG): Today's Featured Utilities Laggard
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 model
.
(
) pushed the Utilities sector lower today making it today's featured Utilities laggard. The sector as a whole closed the day down 1.2%. By the end of trading, PG&E fell 46 cents (-1.1%) to $40.39 on average volume. Throughout the day, 2.3 million shares of PG&E exchanged hands as compared to its average daily volume of 2.3 million shares. The stock ranged in price between $40.28-$40.87 after having opened the day at $40.80 as compared to the previous trading day's close of $40.85. Other companies within the Utilities sector that declined today were:
(
), down 11.1%,
(
), down 9.3%,
China Hydroelectric Corporation
(
), down 6.7%, and
Empresa Distribuidora y Comercializadora No
(
), down 5.4%.
- 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.
PG&E Corporation, through its subsidiaries, operates as a public utility company in northern and central California. PG&E has a market cap of $17.43 billion and is part of the utilities industry. The company has a P/E ratio of 18.8, above the S&P 500 P/E ratio of 17.7. Shares are down 0.9% year to date as of the close of trading on Tuesday. Currently there are four analysts that rate PG&E a buy, no analysts rate it a sell, and 11 rate it a hold.
TheStreet Ratings rates PG&E as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.
- You can view the full PG&E Ratings Report.
- Use our utilities section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, 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
(
).
- Find other investment ideas from our top rated ETFs lists.
FREE for a limited time only: Get TheStreet Ratings #1 Stock Report NOW!
.
null