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Electric utilities

Utilities Sector Rises Amid Market Volatility

Strategic Insights

— 2 min read

The utilities sector is trading up 0.4% against the backdrop of a volatile market, with the Dow Jones Industrial Average experiencing a 0.6% gain as of 12:55 PM ET on Tuesday, June 16, 2015. Within the utilities sector, top gainers include Energy Company of Parana, up 3.2%, and Wisconsin Energy, up 1.0%. Meanwhile, the Utilities Select Sector SPDR (XLU) is a popular exchange-traded fund (ETF) for investors looking to invest in the utilities sector, while the ProShares UltraShort Utilities (SDP) offers a bearish bet on the sector.

Key Takeaways:

  • PPL Corporation, a utility company, reported strengths in revenue growth, net income growth, and return on equity, with 6 analysts rating it a buy and no analysts rating it a sell.
  • Exelon Corporation, a utility services holding company, demonstrated revenue growth, net income growth, good cash flow from operations, and impressive earnings per share growth, with 7 analysts rating it a buy and 1 analyst rating it a sell.
  • Southern Company, a public electric utility company, showed growth in earnings per share, notable return on equity, and an increase in net income, with 1 analyst rating it a buy, 3 analysts rating it a sell, and 9 rating it a hold.
  • The Utilities sector is comprised of companies such as PPL Corporation, Exelon Corporation, and Southern Company, which are involved in the energy generation and delivery businesses.
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Statistics:

  • The Dow Jones Industrial Average (DJI) is trading up 104 points (0.6%) at 17,895 as of Tuesday, June 16, 2015, 12:55 PM ET.
  • The Utilities sector is up 0.4% against the S&P 500.
  • Energy Company of Parana (ELP) is up 3.2%, Wisconsin Energy (WEC) is up 1.0%, and PPL Corporation (PPL) is up $0.17 (0.6%) to $30.09 on average volume.
  • Exelon (EXC) is up $0.23 (0.7%) to $34.04 on light volume.
  • Southern Company (SO) is up $0.38 (0.9%) to $42.47 on average volume.
  • The Utilities Select Sector SPDR (XLU) is a popular ETF for investing in the utilities sector.
  • The ProShares UltraShort Utilities (SDP) offers a bearish bet on the utilities sector.

Sources:

  • "TheStreet Ratings" (http://www.thestreet.com/r/ratings/reports/ir-screener.html?action=buy?cm_ven_int=tstwire)
  • "PPL Corporation" (http://www.thestreet.com/quote/ppl.html?cm_ven_int=tstwire)
  • "Exelon Corporation" (http://www.thestreet.com/quote/exc.html?cm_ven_int=tstwire)
  • "Southern Company" (http://www.thestreet.com/quote/so.html?cm_ven_int=tstwire)
  • "Utilities Select Sector SPDR" (http://www.thestreet.com/quote/XLU.html?cm_ven_int=tstwire)
  • "ProShares UltraShort Utilities" (http://www.thestreet.com/quote/SDP.html?cm_ven_int=tstwire)

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