5 Stocks Pushing The Utilities Sector Higher
TheStreet Ratings group would like to highlight 5 stocks pushing the utilities sector higher today, Nov. 13, 2012.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 52 points (0.4%) at 12,867 as of Tuesday, Nov. 13, 2012, 11:54 AM ET. The NYSE advances/declines ratio sits at 1,426 issues advancing vs. 1,481 declining with 120 unchanged. The Utilities sector currently sits up 0.5% versus the S&P 500, which is up 0.5%. Top gainers within the sector include Energy Company of Parana ( ELP), up 3.8%, EQT ( EQT), up 2.6%, Public Service Enterprise Group ( PEG), up 1.7%, ONEOK ( OKE), up 1.5% and PG&E ( PCG), up 1.4%. On the negative front, top decliners within the sector include Centrais Eletricas Brasileiras ( EBR.B), down 3.0%, and Centrais Eletricas Brasileiras ( EBR), down 0.6%. TheStreet Ratings group would like to highlight 5 stocks pushing the sector higher today: 5. Dominion Resources ( D) is one of the companies pushing the Utilities sector higher today. As of noon trading, Dominion Resources is up $0.94 (1.9%) to $50.13 on average volume Thus far, 1.1 million shares of Dominion Resources exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $48.94-$50.19 after having opened the day at $49.05 as compared to the previous trading day's close of $49.19. Dominion Resources, Inc., together with its subsidiaries, engages in producing and transporting energy in the United States. It operates in three segments: DVP, Dominion Generation, and Dominion Energy. Dominion Resources has a market cap of $28.3 billion and is part of the utilities industry. The company has a P/E ratio of 24.3, above the S&P 500 P/E ratio of 17.7. Shares are down 7.1% year to date as of the close of trading on Monday. Currently there are 4 analysts that rate Dominion Resources a buy, no analysts rate it a sell, and 13 rate it a hold. TheStreet Ratings rates Dominion Resources as a buy. The company's strongest point has been its very decent return on equity which we feel should persist. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Dominion Resources Ratings Report
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