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

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.

Consolidated Edison ( ED) pushed the Utilities sector higher today making it today's featured utilities winner. The sector as a whole closed the day down 0.3%. By the end of trading, Consolidated Edison rose $0.74 (1.2%) to $60.54 on light volume. Throughout the day, 1,367,515 shares of Consolidated Edison exchanged hands as compared to its average daily volume of 1,841,000 shares. The stock ranged in a price between $59.50-$60.60 after having opened the day at $59.55 as compared to the previous trading day's close of $59.80. Other companies within the Utilities sector that increased today were: Ellomay Capital ( ELLO), up 4.9%, Ocean Power Technologies ( OPTT), up 3.9%, Energy Company of Minas Gerais ( CIG), up 3.0% and Entergy ( ETR), up 2.9%.

Consolidated Edison, Inc., through its subsidiaries, engages in regulated electric, gas, and steam delivery businesses. Consolidated Edison has a market cap of $17.6 billion and is part of the utilities industry. Shares are up 7.7% year to date as of the close of trading on Tuesday. Currently there are 2 analysts that rate Consolidated Edison a buy, 3 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Consolidated Edison as a buy. Among the primary strengths of the company is its revenue growth. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, American DG Energy ( ADGE), down 10.9%, Beacon Power ( BCON), down 8.3%, Empresa Distribuidora y Comercializadora No ( EDN), down 5.3% and Southcross Energy Partners ( SXE), down 4.9% , were all laggards within the utilities sector with EQT ( EQT) 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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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