Public Service Enterprise Group Inc (PEG): Today's Featured Utilities Loser

Public Service Enterprise Group ( PEG) pushed the Utilities sector lower today making it today's featured Utilities loser. The sector as a whole closed the day up 0.8%. By the end of trading, Public Service Enterprise Group fell 70 cents (-2.2%) to $30.98 on heavy volume. Throughout the day, seven million shares of Public Service Enterprise Group exchanged hands as compared to its average daily volume of 3.5 million shares. The stock ranged in price between $30.77-$31.66 after having opened the day at $31.61 as compared to the previous trading day's close of $31.68. Other company's within the Utilities sector that declined today were: Distribution and Marketing Company of the N ( EDN), down 9.8%, CPFL Energy ( CPL), down 4.7%, Centrais Eletricas Brasileiras ( EBR), down 4.5%, and Centrais Eletricas Brasileiras ( EBR.B), down 4%.

Public Service Enterprise Group Incorporated, through its subsidiaries, operates in the energy industry primarily in the northeastern and mid Atlantic United States. Public Service Enterprise Group has a market cap of $16.01 billion and is part of the utilities industry. The company has a P/E ratio of 11.2, equal to the average utilities industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 4% year to date as of the close of trading on Friday. Currently there are two analysts that rate Public Service Enterprise Group a buy, one analyst rates it a sell, and 10 rate it a hold.

TheStreet Ratings rates Public Service Enterprise Group as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the positive front, GreenHunter Energy ( GRH), up 22.2%, Dynegy ( DYN), up 11.2%, Clean Energy Fuels Corporation ( CLNE), up 9.2%, and Active Power ( ACPW), up 6%, were all gainers within the utilities sector with Edison International ( EIX) 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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