Today's Stocks Driving Success For The Utilities Sector
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 or Stephanie Link.
All three major indices are trading down today with the
Dow Jones Industrial Average
(
^DJI
) trading down 124 points (-0.7%) at 18,164 as of Tuesday, March 3, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 944 issues advancing vs. 2,000 declining with 194 unchanged.
The Utilities sector currently sits down 0.2% versus the S&P 500, which is down 0.8%. A company within the sector that increased today was
(
), up 0.6%. On the negative front, top decliners within the sector include
(
), down 3.9%, and
(
), down 0.7%.
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, NRG Energy is up $0.57 (2.4%) to $23.96 on average volume. Thus far, 1.7 million shares of NRG Energy exchanged hands as compared to its average daily volume of 4.4 million shares. The stock has ranged in price between $23.39-$24.10 after having opened the day at $23.41 as compared to the previous trading day's close of $23.39.
NRG Energy, Inc., together with its subsidiaries, operates as a power and energy company. The company is engaged in the ownership and operation of power generation facilities. NRG Energy has a market cap of $8.1 billion and is part of the utilities industry. Shares are down 13.2% year-to-date as of the close of trading on Monday. Currently there are 7 analysts who rate NRG Energy a buy, no analysts rate it a sell, and none rate it a hold.
TheStreet Ratings rates
NRG Energy
as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, generally higher debt management risk and weak operating cash flow. Get the full
now.
2. As of noon trading,
(
) is up $0.42 (0.9%) to $44.49 on light volume. Thus far, 427,376 shares of ONEOK exchanged hands as compared to its average daily volume of 2.6 million shares. The stock has ranged in price between $44.05-$44.73 after having opened the day at $44.05 as compared to the previous trading day's close of $44.07.
ONEOK, Inc. operates as a diversified energy company in the United States. ONEOK has a market cap of $9.2 billion and is part of the utilities industry. Shares are down 11.5% year-to-date as of the close of trading on Monday. Currently there are 4 analysts who rate ONEOK a buy, 1 analyst rates it a sell, and 7 rate it a hold.
TheStreet Ratings rates
ONEOK
as a
. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, increase in net income and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, generally higher debt management risk and poor profit margins. Get the full
now.
1. As of noon trading,
Public Service Enterprise Group
(
) is up $0.24 (0.6%) to $41.18 on light volume. Thus far, 1.2 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 $40.77-$41.28 after having opened the day at $40.93 as compared to the previous trading day's close of $40.94.
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 $21.3 billion and is part of the utilities industry. Shares are down 1.1% year-to-date as of the close of trading on Monday. Currently there are 3 analysts who rate Public Service Enterprise Group a buy, 1 analyst rates it a sell, and 6 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, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, attractive valuation levels 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.
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
(
).
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