Wisconsin Energy Corporation (WEC): 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.

Wisconsin Energy Corporation ( WEC) pushed the Utilities sector higher today making it today's featured utilities winner. The sector as a whole closed the day up 0.3%. By the end of trading, Wisconsin Energy Corporation rose 54 cents (1.3%) to $41.30 on heavy volume. Throughout the day, 2.4 million shares of Wisconsin Energy Corporation exchanged hands as compared to its average daily volume of 1.2 million shares. The stock ranged in a price between $40.67-$41.41 after having opened the day at $40.77 as compared to the previous trading day's close of $40.76. Other companies within the Utilities sector that increased today were: Pure Cycle Corporation ( PCYO), up 8.7%, Fuelcell Energy ( FCEL), up 6%, Centrais Eletricas Brasileiras ( EBR.B), up 5.8%, and Ellomay Capital ( ELLO), up 4.6%.
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Wisconsin Energy Corporation generates and distributes electric energy, as well as distributes natural gas. It generates electricity from coal, natural gas, wind, and hydro sources. Wisconsin Energy Corporation has a market cap of $9.3 billion and is part of the utilities industry. The company has a P/E ratio of 17.2, below the S&P 500 P/E ratio of 17.7. Shares are up 10.6% year to date as of the close of trading on Wednesday. Currently there are three analysts that rate Wisconsin Energy Corporation a buy, no analysts rate it a sell, and nine rate it a hold.

TheStreet Ratings rates Wisconsin Energy Corporation as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, notable return on equity and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, Empresa Distribuidora y Comercializadora No ( EDN), down 11.2%, Transportadora de Gas del Sur ( TGS), down 6.1%, GreenHunter Energy ( GRH), down 3.5%, and Atlantic Power Corporation ( AT), down 3.4%, were all laggards within the utilities sector with Duke Energy Corporation ( DUK) being today's utilities sector laggard.

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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