Edison International (EIX): 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.

Edison International ( EIX) pushed the Utilities sector higher today making it today's featured utilities winner. The sector as a whole closed the day down 0.2%. By the end of trading, Edison International rose $0.76 (1.5%) to $52.00 on average volume. Throughout the day, 2,894,050 shares of Edison International exchanged hands as compared to its average daily volume of 2,074,300 shares. The stock ranged in a price between $51.69-$52.66 after having opened the day at $51.69 as compared to the previous trading day's close of $51.24. Other companies within the Utilities sector that increased today were: Fuelcell Energy ( FCEL), up 7.7%, Ocean Power Technologies ( OPTT), up 7.2%, Ormat Technologies ( ORA), up 6.9% and Atlas Energy ( ATLS), up 3.2%.

Edison International, through its subsidiaries, generates and distributes electric power. It also invests in transportation infrastructure and energy assets, including renewable energy in the Netherlands, Australia, Switzerland, and the United Kingdom. Edison International has a market cap of $16.8 billion and is part of the utilities industry. Shares are up 11.2% year to date as of the close of trading on Tuesday. Currently there are 8 analysts that rate Edison International a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Edison International as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the negative front, ForceField Energy ( FNRG), down 11.3%, U.S. Geothermal ( HTM), down 5.1%, Niska Gas Storage Partners ( NKA), down 2.8% and RGC Resources ( RGCO), down 2.8% , were all laggards within the utilities sector with EQT ( EQT) being today's utilities sector laggard.

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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