Is ENGIE - Sponsored ADR (ENGIY) Stock Outpacing Its Utilities Peers This Year?

Group 1 - ENGIE - Sponsored ADR (ENGIY) is currently outperforming its peers in the Utilities sector with a year-to-date return of 42.1%, compared to the sector average of 11.5% [4] - The Zacks Rank for ENGIE is 2 (Buy), indicating a positive outlook based on earnings estimates and revisions, with a 4.2% increase in the consensus estimate for full-year earnings over the past three months [3] - The Utility - Electric Power industry, which includes ENGIE, has an average year-to-date return of 12%, showing that ENGIE is performing better than the industry average [6] Group 2 - Fortis (FTS) is another Utilities stock that has outperformed the sector with a year-to-date return of 17.8% and also holds a Zacks Rank of 2 (Buy) [4][5] - The Utilities sector is ranked 3 in the Zacks Sector Rank, which evaluates 16 different sector groups based on the average Zacks Rank of individual stocks [2] - Investors in the Utilities sector should monitor ENGIE and Fortis for their continued strong performance [7]