PG&E Corp (PCG): Today's Featured Utilities Loser

PG&E ( PCG) pushed the Utilities sector lower today making it today's featured Utilities loser. The sector as a whole closed the day down 0.3%. By the end of trading, PG&E fell 25 cents (-0.7%) to $38.36 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. The stock ranged in price between $38.11-$38.56 after having opened the day at $38.54 as compared to the previous trading day's close of $38.61. Other company's within the Utilities sector that declined today were: Ocean Power Technologies ( OPTT), down 15.2%, York Water Company ( YORW), down 3.6%, EQT ( EQT), down 2.8%, and Middlesex Water Company ( MSEX), down 2.4%.

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 $15.67 billion and is part of the utilities industry. The company has a P/E ratio of 15.3, equal to the average utilities industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 19.3% year to date as of the close of trading on Tuesday. Currently there are seven analysts that rate PG&E a buy, no analysts rate it a sell, and eight rate it a hold.

TheStreet Ratings rates PG&E as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the positive front, China Hydroelectric Corporation ( CHC), up 9.4%, Dynegy ( DYN), up 4.8%, Korea Electric Power ( KEP), up 3%, and National Grid ( NGG), up 1.5%, were all gainers within the utilities sector with Enersis ( ENI) 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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