TransCanada

(

TRP

) pushed the Utilities sector lower today making it today's featured Utilities loser. The sector as a whole closed the day up 0.2%. By the end of trading, TransCanada fell 65 cents (-1.6%) to $38.87 on light volume. Throughout the day, 309,633 shares of TransCanada exchanged hands as compared to its average daily volume of 876,400 shares. The stock ranged in price between $38.81-$39.27 after having opened the day at $39.13 as compared to the previous trading day's close of $39.52. Other company's within the Utilities sector that declined today were:

GreenHunter Energy Inc

(

GRH

), down 5.3%,

China Hydroelectric

(

CHC

), down 3.6%,

Consolidated Water Company

(

CWCO

), down 3.3%, and

Enersis

(

ENI

), down 3%.

Transcanada Corporation operates as an energy infrastructure company in North America. The company operates in three segments: Natural Gas Pipelines, Oil Pipelines, and Energy. TransCanada has a market cap of $28.06 billion and is part of the

utilities

industry. The company has a P/E ratio of 20.5, above the average utilities industry P/E ratio of 19.2 and above the S&P 500 P/E ratio of 17.7. Shares are up 3.9% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates TransCanada as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, good cash flow from operations, solid stock price performance and increase in net income. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated.

On the positive front,

Evergreen Energy Inc

(

EEE

), up 40.8%,

Korea Electric Power

(

KEP

), up 6.3%,

Huaneng Power International Inc

(

HNP

), up 5.8%, and

Ocean Power Technologies

(

OPTT

), up 5.8%, were all gainers within the utilities sector with

Southern

(

SO

) being today's featured utilities sector winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the utilities sector could consider

Utilities Select Sector SPDR

(

XLU

) while those bearish on the utilities sector could consider

ProShares UltraShort Utilities

(

SDP

).

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