The utilities sector closed the day up 0.1%. Beacon Power ( BCON), Ocean Power Technologies ( OPTT), Empresa Distribuidora y Comercializadora No ( EDN), and RGC Resources ( RGCO) were all winners today within the utilities sector with PG&E ( PCG) being today's featured utilities winner. PG&E rose 45 cents (1.1%) to $42.27 on average volume. Throughout the day, 3.4 million shares of PG&E exchanged hands as compared to its average daily volume of 3.2 million shares. PG&E Corporation, through its subsidiaries, operates as a public utility company in northern and central California. It engages in electricity and natural gas distribution; electricity generation, procurement, and transmission; and natural gas procurement, transportation, and storage. PG&E has a market cap of $17 billion and is part of the utilities industry. The company has a P/E ratio of 15.7, equal to the average utilities industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 12.6% year to date as of the close of trading on Wednesday. TheStreet Ratings rates PG&E as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, growth in earnings per share, increase in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.
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