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 0.7%. By the end of trading, Duke Energy Corporation fell $0.82 (-1.2%) to $67.77 on average volume. Throughout the day, 3,931,858 shares of Duke Energy Corporation exchanged hands as compared to its average daily volume of 3,029,300 shares. The stock ranged in price between $67.59-$68.20 after having opened the day at $68.04 as compared to the previous trading day's close of $68.59. Other companies within the Utilities sector that declined today were: Pure Cycle Corporation ( PCYO), down 6.4%, Companhia De Saneamento Basico Do Estado De ( SBS), down 3.5%, Energy Company of Minas Gerais ( CIG), down 3.3% and Centrais Eletricas Brasileiras ( EBR.B), down 3.2%.

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 $47.9 billion and is part of the utilities industry. The company has a P/E ratio of 20.3, above the S&P 500 P/E ratio of 17.7. Shares are down 0.6% year to date as of the close of trading on Friday. Currently there are 9 analysts that rate Duke Energy Corporation a buy, 1 analyst rates it a sell, and 5 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 compelling growth in net income, expanding profit margins, good cash flow from operations, growth in earnings per share and attractive valuation levels. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

On the positive front, China Hydroelectric Corporation ( CHC), up 22.7%, Transportadora de Gas del Sur ( TGS), up 4.3%, U.S. Geothermal ( HTM), up 3.8% and Ocean Power Technologies ( OPTT), up 3.3%.

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.

More from Markets

Replay: Jim Cramer on Tariffs, the Market Rally, Caterpillar and Micron

Replay: Jim Cramer on Tariffs, the Market Rally, Caterpillar and Micron

Video: When Planning for Retirement, Don't Underestimate Your Life Span

Video: When Planning for Retirement, Don't Underestimate Your Life Span

Video: Here's What May Come Next for Theranos Founder and CEO Elizabeth Holmes

Video: Here's What May Come Next for Theranos Founder and CEO Elizabeth Holmes

Charlie Gasparino Says GE Is Reportedly Looking to Slash Its Dividend Again

Charlie Gasparino Says GE Is Reportedly Looking to Slash Its Dividend Again

GE Confirms $11.1 Billion Transportation Merger With Wabtec

GE Confirms $11.1 Billion Transportation Merger With Wabtec