The utilities sector closed the day down 0.1%. Ocean Power Technologies ( OPTT), Korea Electric Power ( KEP), China Hydroelectric ( CHC), and Huaneng Power International Inc ( HNP) were all winners today within the utilities sector with FirstEnergy ( FE) being today's featured utilities winner. FirstEnergy rose 73 cents (1.6%) to $45.04 on average volume. Throughout the day, 3.3 million shares of FirstEnergy exchanged hands as compared to its average daily volume of 3.4 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 $18.4 billion and is part of the utilities industry. The company has a P/E ratio of 24.5, below the average utilities industry P/E ratio of 24.8 and above the S&P 500 P/E ratio of 17.7. Shares are up 19.7% year to date as of the close of trading on Tuesday. TheStreet Ratings rates FirstEnergy as a buy. 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. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
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