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 lower today making it today's featured Utilities laggard. The sector as a whole was unchanged today. By the end of trading, Edison International fell $0.47 (-1.0%) to $45.53 on heavy volume. Throughout the day, 4,854,035 shares of Edison International exchanged hands as compared to its average daily volume of 1,812,600 shares. The stock ranged in price between $45.51-$46.23 after having opened the day at $46.13 as compared to the previous trading day's close of $46.00. Other companies within the Utilities sector that declined today were:
), down 9.6%,
), down 2.2%,
), down 1.9% and
), down 1.6%.
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Edison International, through its subsidiaries, generates and distributes electric power. It also invests in transportation infrastructure and energy assets, including renewable energy in the Netherlands, Australia, Switzerland, and the United Kingdom. Edison International has a market cap of $15.4 billion and is part of the utilities industry. The company has a P/E ratio of 11.2, below the S&P 500 P/E ratio of 17.7. Shares are up 1.8% year to date as of the close of trading on Friday. Currently there are 10 analysts that rate Edison International a buy, 1 analyst rates it a sell, and 3 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, notable return on equity, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins.
- You can view the full Edison International Ratings Report.
On the positive front,
), up 16.3%,
), up 5.2%,
), up 2.9% and
), up 2.4%.
- 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.