Consolidated Edison Inc. (ED): Today's Featured Utilities Winner

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Consolidated Edison ( ED) pushed the Utilities sector higher today making it today's featured utilities winner. The sector as a whole closed the day up 1%. By the end of trading, Consolidated Edison rose $1.08 (1.9%) to $58.48 on average volume. Throughout the day, 2.5 million shares of Consolidated Edison exchanged hands as compared to its average daily volume of 1.7 million shares. The stock ranged in a price between $57.51-$58.49 after having opened the day at $57.55 as compared to the previous trading day's close of $57.40. Other companies within the Utilities sector that increased today were: Atlas Energy ( ATLS), up 5.3%, American DG Energy ( ADGE), up 4.3%, Empresa Distribuidora y Comercializadora No ( EDN), up 3.7%, and Ormat Technologies ( ORA), up 3.4%.
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Consolidated Edison, Inc., through its subsidiaries, provides energy services to residential, commercial, industrial, and government customers in the United States. Consolidated Edison has a market cap of $16.75 billion and is part of the utilities industry. The company has a P/E ratio of 14.8, below the S&P 500 P/E ratio of 17.7. Shares are up 3% year to date as of the close of trading on Thursday. Currently there are two analysts that rate Consolidated Edison a buy, two analysts rate it a sell, and seven rate it a hold.

TheStreet Ratings rates Consolidated Edison as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income and growth in earnings per share. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

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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