Duke Energy Corporation (DUK): 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.

Duke Energy Corporation ( DUK) pushed the Utilities sector lower today making it today's featured Utilities laggard. The sector as a whole closed the day down 1.0%. By the end of trading, Duke Energy Corporation fell $0.98 (-1.5%) to $65.81 on average volume. Throughout the day, 3,260,543 shares of Duke Energy Corporation exchanged hands as compared to its average daily volume of 3,198,200 shares. The stock ranged in price between $65.62-$66.73 after having opened the day at $66.73 as compared to the previous trading day's close of $66.79. Other companies within the Utilities sector that declined today were: U.S. Geothermal ( HTM), down 4.6%, Pure Cycle Corporation ( PCYO), down 4.6%, Huaneng Power International ( HNP), down 3.8% and Cosan ( CZZ), down 3.6%.

Duke Energy Corporation operates as an energy company in the United States and Latin America. The company operates in three segments: U.S. Franchised Electric and Gas, Commercial Power, and International Energy. The U.S. Duke Energy Corporation has a market cap of $46.8 billion and is part of the utilities industry. Shares are up 4.7% year to date as of the close of trading on Tuesday. Currently there are 6 analysts that rate Duke Energy Corporation a buy, 1 analyst rates it a sell, and 9 rate it a hold.

TheStreet Ratings rates Duke Energy Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Cadiz ( CDZI), up 7.2% and Transportadora de Gas del Sur ( TGS), up 2.6% , were all gainers within the utilities sector with Calpine ( CPN) being today's featured utilities sector leader.

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.

null

More from Markets

Global Stocks Rally as US-China Trade War Thaws; Dow Could Test 25,000

Global Stocks Rally as US-China Trade War Thaws; Dow Could Test 25,000

Video: There Are Some Big Changes Coming to the PGA Championships in 2019

Video: There Are Some Big Changes Coming to the PGA Championships in 2019

Video: One-on-One With Pluralsight's CEO Following Its Successful IPO

Video: One-on-One With Pluralsight's CEO Following Its Successful IPO

CBS-Viacom Battle Comes to a Head; FDA Approves Novartis Migraine Drug --ICMYI

CBS-Viacom Battle Comes to a Head; FDA Approves Novartis Migraine Drug --ICMYI

Listen: Here's What You Need To Know About ETFs Today (Hint: They're on Fire!)

Listen: Here's What You Need To Know About ETFs Today (Hint: They're on Fire!)