Public Service Enterprise Group Inc (PEG): 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.

Public Service Enterprise Group ( PEG) pushed the Utilities sector higher today making it today's featured utilities winner. The sector as a whole closed the day up 1.5%. By the end of trading, Public Service Enterprise Group rose $0.46 (1.4%) to $34.37 on light volume. Throughout the day, 2,613,886 shares of Public Service Enterprise Group exchanged hands as compared to its average daily volume of 4,162,800 shares. The stock ranged in a price between $33.89-$34.42 after having opened the day at $33.95 as compared to the previous trading day's close of $33.91. Other companies within the Utilities sector that increased today were: Ocean Power Technologies ( OPTT), up 53.6%, Companhia De Saneamento Basico Do Estado De ( SBS), up 10.9%, Otter Tail Corporation ( OTTR), up 8.4% and Empresa Distribuidora y Comercializadora No ( EDN), up 4.3%.

Public Service Enterprise Group Incorporated, through its subsidiaries, operates as an energy company primarily in the northeastern and mid Atlantic United States. Public Service Enterprise Group has a market cap of $17.2 billion and is part of the utilities industry. Shares are up 5.8% year to date as of the close of trading on Monday. Currently there are 3 analysts that rate Public Service Enterprise Group a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Public Service Enterprise Group as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, good cash flow from operations, 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 has had somewhat disappointing return on equity.

On the negative front, Atmos Energy ( ATO), down 4.1% and Just Energy Group ( JE), down 1.7%.

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).

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