PG&E Corp (PCG): Today's Featured Utilities Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

PG&E ( PCG) pushed the Utilities sector lower today making it today's featured Utilities laggard. The sector as a whole closed the day down 0.1%. By the end of trading, PG&E fell $1.25 (-2.7%) to $45.12 on heavy volume. Throughout the day, 4,528,940 shares of PG&E exchanged hands as compared to its average daily volume of 2,751,800 shares. The stock ranged in price between $45.00-$45.89 after having opened the day at $45.62 as compared to the previous trading day's close of $46.37. Other companies within the Utilities sector that declined today were: Beacon Power ( BCON), down 21.5%, Ormat Technologies ( ORA), down 4.6%, American DG Energy ( ADGE), down 4.0% and Delta Natural Gas Company ( DGAS), down 3.4%.

PG&E Corporation, through its subsidiaries, operates as a public utility company in northern and central California. PG&E has a market cap of $20.4 billion and is part of the utilities industry. Shares are up 15.4% year to date as of the close of trading on Tuesday. Currently there are 5 analysts that rate PG&E a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates PG&E as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, increase in net income, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows low profit margins.

On the positive front, Just Energy Group ( JE), up 5.2%, Companhia De Saneamento Basico Do Estado De ( SBS), up 4.3%, Atlas Energy ( ATLS), up 2.7% and PVR Partners ( PVR), up 2.7%.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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