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.
) pushed the Utilities sector higher today making it today's featured utilities winner. The sector as a whole closed the day up 0.3%. By the end of trading, CenterPoint Energy rose $0.44 (1.8%) to $24.98 on heavy volume. Throughout the day, 8,577,505 shares of CenterPoint Energy exchanged hands as compared to its average daily volume of 3,212,600 shares. The stock ranged in a price between $24.46-$25.05 after having opened the day at $24.54 as compared to the previous trading day's close of $24.54. Other companies within the Utilities sector that increased today were:
), up 7.7%,
), up 7.0%,
), up 3.5% and
), up 2.8%.
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CenterPoint Energy, Inc. operates as a public utility holding company in the United States. CenterPoint Energy has a market cap of $10.5 billion and is part of the utilities industry. The company has a P/E ratio of 31.3, above the S&P 500 P/E ratio of 17.7. Shares are up 26.7% year to date as of the close of trading on Thursday. Currently there are 5 analysts that rate CenterPoint Energy a buy, no analysts rate it a sell, and 7 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its increase in net income, increase in stock price during the past year and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
- You can view the full CenterPoint Energy Ratings Report.
On the negative front,
), down 5.9%,
), down 2.9%,
), down 2.8% and
), down 2.7% , were all laggards within the utilities sector with
) being today's utilities sector laggard.
- 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
- Find other investment ideas from our top rated ETFs lists.