FirstEnergy Corp (FE): Today's Featured Utilities Loser

The utilities sector closed the day down 2.9%. Dynegy Inc ( DYN), Beacon Power ( BCON), Ocean Power Technologies ( OPTT), and U.S. Geothermal Inc ( HTM) were all decliners today within the utilities sector with FirstEnergy ( FE) being today's featured utilities loser. FirstEnergy fell $1.13 (-2.5%) to $43.78 on average volume. Throughout the day, 2.6 million shares of FirstEnergy exchanged hands as compared to its average daily volume of 3.1 million shares.

Firstenergy Corp. operates as a diversified energy company. The company, through its subsidiaries and affiliates, involves in the generation, transmission, and distribution of electricity, as well as energy management and other energy-related services. FirstEnergy has a market cap of $19 billion and is part of the utilities industry. The company has a P/E ratio of 25.1, below the average utilities industry P/E ratio of 25.5 and above the S&P 500 P/E ratio of 17.7. Shares are up 21.3% year to date as of the close of trading on Friday.

TheStreet Ratings rates FirstEnergy as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally poor debt management and disappointing return on equity.

On the positive front, American DG Energy Inc ( ADGE) and Delta Natural Gas Company ( DGAS) were all gainers within the utilities sector with Basic Sanitation Company of the State of Sa ( SBS) 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).

null

More from Markets

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Replay: Jim Cramer on the Markets, 10-Year Yield, Oil Prices and Foot Locker

Replay: Jim Cramer on the Markets, 10-Year Yield, Oil Prices and Foot Locker

Video: You Could Live in a Ritz-Carlton or St. Regis Home

Video: You Could Live in a Ritz-Carlton or St. Regis Home