Utilities Sector Sees Mixed Performance Amid Market Volatility

Strategic Insights -

As of Friday, Sept. 11, 2015, the Utilities sector is experiencing mixed performance, with a slight decline of 0.4% versus the S&P 500, which remains unchanged. Notable gainers include Consolidated Edison, up 1.1%, PG&E, up 1.0%, and Duke Energy Corporation, up 0.6%. Conversely, TransCanada and Enersis have seen significant declines, down 1.8% and 1.0%, respectively.

Key Takeaways:

  • The Utilities sector is experiencing mixed performance, with a slight decline of 0.4% versus the S&P 500.
  • Notable gainers include Consolidated Edison, up 1.1%, PG&E, up 1.0%, and Duke Energy Corporation, up 0.6%.
  • Top decliners within the sector include TransCanada, down 1.8%, and Enersis, down 1.0%.
  • TheStreet Ratings rates Huaneng Power International, Xcel Energy, and Southern as hold, buy, and buy, respectively, citing various strengths and weaknesses for each company.
  • Huaneng Power International has a market cap of $15.6 billion and a P/E ratio of 107.9, while Xcel Energy has a market cap of $16.5 billion and a P/E ratio of 18.0.
  • Southern has a market cap of $38.6 billion and a P/E ratio of 18.0, with shares down 13.9% year-to-date.

Statistics:

  • The Utilities sector is trading at 0.4% lower than the S&P 500 as of Friday, Sept. 11, 2015.
  • Consolidated Edison has seen a 1.1% increase in its stock price, while Duke Energy Corporation has seen a 0.6% increase.
  • 18,683 shares of Huaneng Power International exchanged hands as compared to its average daily volume of 55,900 shares.
  • The NYSE advances/declines ratio sits at 1,332 issues advancing vs. 1,639 declining with 143 unchanged.

Sources:

  • TheStreet Wire
  • TheStreet
  • TheStreet