Three Utilities Stocks Nudging The Sector Higher
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.
All three major indices are trading down today with the
Dow Jones Industrial Average
(
^DJI
) trading down 249 points (-1.4%) at 17,746 as of 2015-03-10T12:55:00. The NYSE advances/declines ratio sits at 807 issues advancing vs. 2,233 declining with 120 unchanged.
The Utilities sector currently sits down 0.5% versus the S&P 500, which is down 1.3%. A company within the sector that increased today was
(
), up 0.7%. A company within the sector that fell today was
(
), up 1.7%.
TheStreet would like to highlight three stocks pushing the sector higher today:
three.
Public Service Enterprise Group
(
) is one of the companies pushing the Utilities sector higher today. As of noon trading, Public Service Enterprise Group is up $0.34 (0.8%) to $40.16 on average volume Thus far, 1.3 million shares of Public Service Enterprise Group exchanged hands as compared to its average daily volume of 3.5 million shares. The stock has ranged in price between $39.58-$40.54 after having opened the day at $39.76 as compared to the previous trading day's close of $39.82.
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 $20.06 billion and is part of the utilities industry. Shares are down 4.3% year-to-date as of the close of trading on Monday. Currently there are three analysts who rate Public Service Enterprise Group a buy, one analyst rates it a sell, and six rate it a hold.
TheStreet Ratings rates
Public Service Enterprise Group
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, attractive valuation levels, expanding profit margins and compelling growth in net income. 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.
two. As of noon trading,
(
) is up $0.18 (0.6%) to $32.28 on average volume Thus far, 3 million shares of Exelon exchanged hands as compared to its average daily volume of 6.7 million shares. The stock has ranged in price between $31.93-$32.61 after having opened the day at $32.10 as compared to the previous trading day's close of $32.10.
Exelon Corporation, a utility services holding company, engages in the energy generation and delivery businesses in the United States. It owns electric generating facilities, such as nuclear, fossil, and hydroelectric generation facilities, as well as wind and solar photovoltaic facilities. Exelon has a market cap of $27.75 billion and is part of the utilities industry. Shares are down 13.4% year-to-date as of the close of trading on Monday. Currently there are five analysts who rate Exelon a buy, one analyst rates it a sell, and six rate it a hold.
TheStreet Ratings rates
Exelon
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. Get the full
now.
one. As of noon trading,
(
) is up $0.25 (0.6%) to $44.26 on average volume Thus far, 3.8 million shares of Southern exchanged hands as compared to its average daily volume of 5.8 million shares. The stock has ranged in price between $43.79-$44.56 after having opened the day at $43.96 as compared to the previous trading day's close of $44.01.
The Southern Company, together with its subsidiaries, operates as a public electric utility company. Southern has a market cap of $40.12 billion and is part of the utilities industry. Shares are down 10.4% year-to-date as of the close of trading on Monday. Currently there is one analyst who rates Southern a buy, four analysts rate it a sell, and nine rate it a hold.
TheStreet Ratings rates
Southern
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full
now.
If you are interested in one of these three 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
(
).
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