FirstEnergy Corp (FE): 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.

FirstEnergy ( FE) pushed the Utilities sector lower today making it today's featured Utilities laggard. The sector as a whole closed the day down 0.5%. By the end of trading, FirstEnergy fell $0.59 (-1.6%) to $36.90 on light volume. Throughout the day, 2,118,725 shares of FirstEnergy exchanged hands as compared to its average daily volume of 3,253,900 shares. The stock ranged in price between $36.83-$37.83 after having opened the day at $37.54 as compared to the previous trading day's close of $37.49. Other companies within the Utilities sector that declined today were: Empresa Distribuidora y Comercializadora No ( EDN), down 7.0%, Just Energy Group ( JE), down 5.5%, Pure Cycle Corporation ( PCYO), down 3.6% and Energy Company of Minas Gerais ( CIG), down 2.6%.

FirstEnergy Corp., a diversified energy holding company, engages in the generation, transmission, and distribution of electricity in the United States. The company operates in Regulated Distribution, Regulated Transmission, and Competitive Energy Services segments. FirstEnergy has a market cap of $15.8 billion and is part of the utilities industry. Shares are down 9.3% year to date as of the close of trading on Wednesday. Currently there is 1 analyst that rates FirstEnergy a buy, 1 analyst rates it a sell, and 11 rate it a hold.

TheStreet Ratings rates FirstEnergy as a hold. The company's strongest point has been its expanding profit margins. At the same time, however, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity.

On the positive front, American DG Energy ( ADGE), up 3.6%, Pinnacle West Capital Corporation ( PNW), up 2.2%, Dominion Resources Inc Corporate Unit 2013 ( DCUB), up 1.9% and Dominion Resources Inc Corporate Unit 2013 ( DCUA), up 1.8% , were all gainers within the utilities sector with Dominion Resources ( D) 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).

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