Public Service Enterprise Group Inc (PEG): 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.

Public Service Enterprise Group ( PEG) pushed the Utilities sector lower today making it today's featured Utilities laggard. The sector as a whole was unchanged today. By the end of trading, Public Service Enterprise Group fell $0.51 (-1.2%) to $40.46 on heavy volume. Throughout the day, 6,175,041 shares of Public Service Enterprise Group exchanged hands as compared to its average daily volume of 3,773,500 shares. The stock ranged in price between $39.88-$41.35 after having opened the day at $41.00 as compared to the previous trading day's close of $40.97. Other companies within the Utilities sector that declined today were: Cadiz ( CDZI), down 4.2%, American DG Energy ( ADGE), down 4.1%, Pure Cycle ( PCYO), down 2.7% and Transportadora de Gas del Sur ( TGS), down 1.9%.

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 $20.5 billion and is part of the utilities industry. The company has a P/E ratio of 15.1, below the S&P 500 P/E ratio of 17.7. Shares are up 27.9% year to date as of the close of trading on Wednesday. Currently there are 2 analysts that rate Public Service Enterprise Group a buy, 1 analyst rates it a sell, and 7 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 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 sub par growth in net income.

On the positive front, Consolidated Water ( CWCO), up 5.4%, U S Geothermal ( HTM), up 3.5%, GreenHunter Resources ( GRH), up 3.2% and Exelon ( EXC), up 2.7% , were all gainers within the utilities sector with PPL ( PPL) 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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

If you liked this article you might like

Meet 4 Women Serving on the Boards of 4 Companies at the Same Time

Four Women Match Men Sitting on the Most S&P 500 Boards

PSEG (PEG) Stock Gaining, Goldman Upgrades

NRG Energy Is Friday's Biggest Utility Loser

Sell These 5 Stocks Now Before They Turn Toxic