5 Stocks Raising 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 up today with the Dow Jones Industrial Average (^DJI) trading up 49 points (0.3%) at 16,147 as of Friday, Nov. 29, 2013, 11:45 AM ET. The NYSE advances/declines ratio sits at 1,869 issues advancing vs. 987 declining with 109 unchanged.The Utilities sector currently sits up 0.3% versus the S&P 500, which is up 0.3%. A company within the sector that increased today was Empresa Nacional de Electricidad (EOC), up 1.1%. A company within the sector that fell today was Centrais Eletricas Brasileiras (EBR.B), up 1.1%.TheStreet would like to highlight 5 stocks pushing the sector higher today:5. Enersis (ENI) is one of the companies pushing the Utilities sector higher today. As of noon trading, Enersis is up $0.25 (1.6%) to $15.57 on average volume. Thus far, 228,945 shares of Enersis exchanged hands as compared to its average daily volume of 544,900 shares. The stock has ranged in price between $15.34-$15.62 after having opened the day at $15.45 as compared to the previous trading day's close of $15.32. Enersis S.A., an electric utility company, through its subsidiaries and jointly-controlled entities, engages in the electricity generation, transmission, and distribution businesses in Chile, Brazil, Colombia, Peru, and Argentina. Enersis has a market cap of $10.0 billion and is part of the utilities industry. The company has a P/E ratio of 12.8, below the S&P 500 P/E ratio of 17.7. Shares are down 15.9% year to date as of the close of trading on Wednesday. Currently there are 2 analysts that rate Enersis a buy, no analysts rate it a sell, and 1 rates it a hold.TheStreet Ratings rates Enersis as a hold. Among the primary strengths of the company is its expanding profit margins over time. At the same time, however, we also find weaknesses including unimpressive growth in net income and a generally disappointing performance in the stock itself. Get the full Enersis 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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