4 Utilities Stocks Pushing Sector Growth
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 modelAll three major indices are trading down today with the Dow Jones Industrial Average (^DJI) trading down 22 points (-0.2%) at 14,556 as of Monday, April 1, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 762 issues advancing vs. 2,184 declining with 121 unchanged.The Utilities sector currently sits down 0.6% versus the S&P 500, which is down 0.6%. Top gainers within the sector include Centrais Eletricas Brasileiras (EBR), up 2.6%, Energy Company of Parana (ELP), up 1.0% and Centrais Eletricas Brasileiras (EBR.B), up 0.8%. On the negative front, top decliners within the sector include Companhia De Saneamento Basico Do Estado De (SBS), down 1.7%, American Water Works (AWK), down 1.2%, Calpine (CPN), down 1.0%, AES (AES), down 1.0% and Wisconsin Energy Corporation (WEC), down 1.0%.TheStreet Ratings group would like to highlight 4 stocks pushing the sector higher today:4. Korea Electric Power (KEP) is one of the companies pushing the Utilities sector higher today. As of noon trading, Korea Electric Power is up $0.14 (1.0%) to $13.73 on average volume Thus far, 300,385 shares of Korea Electric Power exchanged hands as compared to its average daily volume of 683,900 shares. The stock has ranged in price between $13.71-$13.90 after having opened the day at $13.87 as compared to the previous trading day's close of $13.59. Korea Electric Power Corporation, an integrated electric utility company, engages in the generation, transmission, and distribution of electricity in Korea. The company generates power from nuclear, coal, oil, liquefied natural gas, hydro, wind, and solar sources. Korea Electric Power has a market cap of $17.4 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 2.7% year to date as of the close of trading on Thursday. Currently there is 1 analyst that rates Korea Electric Power a buy, no analysts rate it a sell, and none rate it a hold.TheStreet Ratings rates Korea Electric Power as a sell. Among the areas we feel are negative, one of the most important has been an overall disappointing return on equity. Get the full Korea Electric Power Ratings Report now.Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.
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