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 Exelon (
EXC) pushed the Utilities sector lower today making it today's featured Utilities laggard. The sector as a whole closed the day down 0.4%. By the end of trading, Exelon fell $0.56 (-1.6%) to $35.25 on average volume. Throughout the day, 6,183,916 shares of Exelon exchanged hands as compared to its average daily volume of 6,950,200 shares. The stock ranged in price between $34.97-$35.58 after having opened the day at $35.39 as compared to the previous trading day's close of $35.81. Other companies within the Utilities sector that declined today were:
Ocean Power Technologies (
OPTT), down 5.2%,
Centrais Eletricas Brasileiras (
EBR.B), down 4.1%,
Centrais Eletricas Brasileiras (
EBR), down 3.2% and
Companhia De Saneamento Basico Do Estado De (
SBS), down 3.1%.
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Exelon Corporation, a utility services holding company, engages in the energy generation and distribution business in the United States. Exelon has a market cap of $31.1 billion and is part of the utilities industry. The company has a P/E ratio of 28.6, above the S&P 500 P/E ratio of 17.7. Shares are up 20.4% year to date as of the close of trading on Friday. Currently there are 3 analysts that rate Exelon a buy, 1 analyst rates it a sell, and 12 rate it a hold.
TheStreet Ratings rates Exelon as a
hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins.
On the positive front,
Pure Cycle Corporation (
PCYO), down 12.0%,
Inergy L.P (
NRGY), down 7.9%,
Empresa Distribuidora y Comercializadora No (
EDN), down 4.5% and
Clean Energy Fuels Corporation (
CLNE), down 4.2%.
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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