PG&E Corp (PCG): Today's Featured Utilities Laggard
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 closed the day down 0.1%. By the end of trading, PG&E fell $0.43 (-1.0%) to $41.32 on light volume. Throughout the day, 1,884,802 shares of PG&E exchanged hands as compared to its average daily volume of 2,829,800 shares. The stock ranged in price between $41.08-$41.69 after having opened the day at $41.62 as compared to the previous trading day's close of $41.75. Other companies within the Utilities sector that declined today were:
(
), down 5.8%,
China Hydroelectric Corporation
(
), down 2.6%,
(
), down 2.5% and
(
), down 2.5%.
PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, operates as a public utility company in northern and central California. PG&E has a market cap of $18.5 billion and is part of the utilities industry. Shares are up 3.2% year to date as of the close of trading on Wednesday. Currently there are 5 analysts that rate PG&E a buy, no analysts rate it a sell, and 7 rate it a hold.
TheStreet Ratings rates
PG&E
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income, reasonable valuation levels, impressive record of earnings per share growth and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins.
- You can view the full PG&E Ratings Report.
On the positive front,
(
), up 4.3%,
Clean Energy Fuels Corporation
(
), up 2.9%,
(
), up 2.8% and
(
), up 2.3% , were all gainers within the utilities sector with
(
) being today's featured utilities sector leader.
- 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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