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4 Stocks Driving 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

Two out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 4 points (0.0%) at 14,823 as of Tuesday, April 30, 2013, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,672 issues advancing vs. 1,218 declining with 158 unchanged.

The Utilities sector currently sits up 0.3% versus the S&P 500, which is unchanged. Top gainers within the sector include TransAlta Corporation ( TAC), up 3.1%, AmeriGas Partners ( APU), up 3.0%, AES ( AES), up 1.5% and National Electricity Company of Chile ( EOC), up 1.0%. A company within the sector that fell today was EQT ( EQT), up 0.87.

TheStreet Ratings group would like to highlight 4 stocks pushing the sector higher today:

4. CPFL Energy ( CPL) is one of the companies pushing the Utilities sector higher today. As of noon trading, CPFL Energy is up $0.34 (1.62) to $21.31 on light volume Thus far, 110,419 shares of CPFL Energy exchanged hands as compared to its average daily volume of 405,400 shares. The stock has ranged in price between $20.96-$21.35 after having opened the day at $21.00 as compared to the previous trading day's close of $20.97.

CPFL Energia S.A., through its subsidiaries, distributes, generates, and commercializes electricity in Brazil. The company operates in five segments: Distribution, Conventional Generation Sources, Renewable Generation Sources, Commercialization, and Services. CPFL Energy has a market cap of $10.3 billion and is part of the utilities industry. The company has a P/E ratio of 16.7, below the S&P 500 P/E ratio of 17.7. Shares are up 0.4% year to date as of the close of trading on Monday.

TheStreet Ratings rates CPFL Energy as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth and notable return on equity. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and generally higher debt management risk. Get the full CPFL Energy Ratings Report now.

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