Nstar (NST): Today's Featured Utilities Loser
(
) pushed the Utilities sector lower today making it today's featured Utilities loser. The sector as a whole closed the day up 3.2%. By the end of trading, Nstar fell 28 cents (-0.6%) to $43.76 on average volume. Throughout the day, 342,880 shares of Nstar exchanged hands as compared to its average daily volume of 312,100 shares. The stock ranged in price between $43.55-$44.93 after having opened the day at $44.91 as compared to the previous trading day's close of $44.04. Other company's within the Utilities sector that declined today were:
(
), down 6.5%,
(
), down 2.2%, and
(
), down 1.6%.
NSTAR, through its subsidiaries, engages in sale, distribution, and transmission of electricity and natural gas to commercial, industrial, and residential customers in Massachusetts. Nstar has a market cap of $4.57 billion and is part of the
industry. The company has a P/E ratio of 17.2, below the average utilities industry P/E ratio of 17.5 and below the S&P 500 P/E ratio of 17.7. Shares are up 4.4% year to date as of the close of trading on Friday.
TheStreet Ratings rates Nstar as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, good cash flow from operations, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value.
- You can view the full Nstar Ratings Report.
On the positive front,
(
), up 133.4%,
(
), up 14.8%,
Clean Energy Fuels Corporation
(
), up 8.1%, and
(
), up 8%, were all gainers within the utilities sector with
(
) being today's featured utilities sector winner.
- 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.
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