5 Stocks Pushing The Utilities Sector Higher

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

All three major indices are trading up today with the Dow Jones Industrial Average (^DJI) trading up 163 points (1.2%) at 13,275 as of Tuesday, Nov. 6, 2012, 12:34 PM ET. The NYSE advances/declines ratio sits at 2,126 issues advancing vs. 762 declining with 145 unchanged.

The Utilities sector currently sits up 0.2% versus the S&P 500, which is up 1.1%. Top gainers within the sector include Integrys Energy Group (TEG), up 2.3%, American Water Works (AWK), up 2.0% and TransCanada (TRP), up 0.6%. On the negative front, top decliners within the sector include Atlantic Power Corporation (AT), down 9.4%, Korea Electric Power (KEP), down 2.1% and Centrais Eletricas Brasileiras (EBR.B), down 1.1%.

TheStreet Ratings group would like to highlight 5 stocks pushing the sector higher today:

5. AES (AES) is one of the companies pushing the Utilities sector higher today. As of noon trading, AES is up $0.19 (1.8%) to $10.56 on light volume Thus far, 2.0 million shares of AES exchanged hands as compared to its average daily volume of 5.5 million shares. The stock has ranged in price between $10.33-$10.60 after having opened the day at $10.37 as compared to the previous trading day's close of $10.37.

The AES Corporation, a power company, operates a portfolio of electricity generation and distribution businesses. Its Generation business owns and/or operates power plants to generate and sell power to wholesale customers, such as utilities and other intermediaries. AES has a market cap of $8.0 billion and is part of the utilities industry. The company has a P/E ratio of 17.8, equal to the S&P 500 P/E ratio of 17.7. Shares are down 10.0% year to date as of the close of trading on Monday. Currently there are 5 analysts that rate AES a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates AES as a hold. The company's strongest point has been its very decent return on equity which we feel should persist. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, generally higher debt management risk and weak operating cash flow. Get the full AES Ratings Report now.

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