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 0.2%. By the end of trading, Public Service Enterprise Group rose $0.41 (1.2%) to $35.11 on average volume. Throughout the day, 3,703,432 shares of Public Service Enterprise Group exchanged hands as compared to its average daily volume of 4,237,100 shares. The stock ranged in a price between $34.65-$35.15 after having opened the day at $34.74 as compared to the previous trading day's close of $34.70. Other companies within the Utilities sector that increased today were: Fuelcell Energy ( FCEL), up 7.5%, Atlantic Power Corporation ( AT), up 6.9%, Just Energy Group ( JE), up 6.3% and GreenHunter Resources ( GRH), up 5.9%.

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 $17.6 billion and is part of the utilities industry. Shares are up 8.3% year to date as of the close of trading on Friday. Currently there are 3 analysts that rate Public Service Enterprise Group a buy, 1 analyst rates it a sell, and 5 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, increase in stock price during the past year and growth in earnings per share. 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 negative front, CPFL Energy ( CPL), down 9.7%, Energy Company of Parana ( ELP), down 8.9%, Centrais Eletricas Brasileiras ( EBR), down 8.3% and Atlas Energy ( ATLS), down 7.8%.

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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