TransCanada Corp (TRP): Today's Featured Utilities Loser

TransCanada ( TRP) pushed the Utilities sector lower today making it today's featured Utilities loser. The sector as a whole closed the day up 0.7%. By the end of trading, TransCanada fell 85 cents (-2%) to $41.20 on light volume. Throughout the day, 359,410 shares of TransCanada exchanged hands as compared to its average daily volume of 535,200 shares. The stock ranged in price between $41.07-$41.68 after having opened the day at $41.60 as compared to the previous trading day's close of $42.05. Other company's within the Utilities sector that declined today were: GenOn Energy ( GEN), down 4.2%, China Hydroelectric Corporation ( CHC), down 4.1%, Exelon ( EXC), down 3.9%, and Niska Gas Storage Partners ( NKA), down 1.8%.

Transcanada Corporation operates as an energy infrastructure company in North America. The company operates in three segments: Natural Gas Pipelines, Oil Pipelines, and Energy. TransCanada has a market cap of $29.31 billion and is part of the utilities industry. The company has a P/E ratio of 19.9, above the average utilities industry P/E ratio of 19.8 and above the S&P 500 P/E ratio of 17.7. Shares are down 6.3% year to date as of the close of trading on Thursday. Currently there are three analysts that rate TransCanada a buy, one analyst rates it a sell, and four rate it a hold.

TheStreet Ratings rates TransCanada as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the positive front, Active Power ( ACPW), up 9.8%, Delta Natural Gas Company ( DGAS), up 6.6%, U.S. Geothermal ( HTM), up 5.6%, and Dynegy ( DYN), up 4.8%, were all gainers within the utilities sector with Duke Energy Corporation ( DUK) 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).