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5 Stocks Pushing The Utilities Sector Higher

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

All three major indices are trading down today with the Dow Jones Industrial Average (^DJI) trading down 44 points (-0.3%) at 15,515 as of Monday, July 29, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 829 issues advancing vs. 2,095 declining with 99 unchanged.

The Utilities sector currently is unchanged today versus the S&P 500, which is down 0.4%. Top gainers within the sector include NextEra Energy (NEE), up 1.8%, TransCanada (TRP), up 1.3%, DTE Energy Holding Company (DTE), up 1.1%, American Electric Power (AEP), up 1.0% and Consolidated Edison (ED), up 0.8%. On the negative front, top decliners within the sector include Centrais Eletricas Brasileiras (EBR.B), down 3.2%, Centrais Eletricas Brasileiras (EBR), down 3.2% and ONEOK (OKE), down 1.0%.

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

5. FirstEnergy (FE) is one of the companies pushing the Utilities sector higher today. As of noon trading, FirstEnergy is up $0.56 (1.4%) to $39.47 on average volume. Thus far, 1.5 million shares of FirstEnergy exchanged hands as compared to its average daily volume of 3.1 million shares. The stock has ranged in price between $38.72-$39.60 after having opened the day at $38.77 as compared to the previous trading day's close of $38.91.

FirstEnergy Corp., a diversified energy holding company, engages in the generation, transmission, and distribution of electricity in the United States. The company operates in Regulated Distribution, Regulated Transmission, and Competitive Energy Services segments. FirstEnergy has a market cap of $16.0 billion and is part of the utilities industry. Shares are down 8.4% year to date as of the close of trading on Friday. Currently there are 2 analysts that rate FirstEnergy a buy, 1 analyst rates it a sell, and 11 rate it a hold.

TheStreet Ratings rates FirstEnergy as a buy. Among the primary strengths of the company is its generally strong cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full FirstEnergy Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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