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3 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 55 points (0.3%) at 16,661 as of Tuesday, May 27, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,943 issues advancing vs. 1,024 declining with 173 unchanged.

The Utilities sector currently sits up 0.3% versus the S&P 500, which is up 0.5%. A company within the sector that increased today was Exelon ( EXC), up 4.1%. On the negative front, top decliners within the sector include Energy Company of Minas Gerais ( CIG), down 5.7%, and Huaneng Power International ( HNP), down 3.5%.

TheStreet would like to highlight 3 stocks pushing the sector higher today:

3. American Electric Power ( AEP) is one of the companies pushing the Utilities sector higher today. As of noon trading, American Electric Power is up $1.24 (2.4%) to $52.64 on heavy volume. Thus far, 2.9 million shares of American Electric Power exchanged hands as compared to its average daily volume of 3.0 million shares. The stock has ranged in price between $52.04-$52.92 after having opened the day at $52.13 as compared to the previous trading day's close of $51.41.

American Electric Power Company, Inc., a public utility holding company, is engaged in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers. American Electric Power has a market cap of $25.1 billion and is part of the utilities industry. Shares are up 10.0% year-to-date as of the close of trading on Friday. Currently there are 8 analysts who rate American Electric Power a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates American Electric Power as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full American Electric Power 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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Chart of I:DJI
DOW 16,803.39 +26.96 0.16%
S&P 500 1,983.89 -3.16 -0.16%
NASDAQ 4,756.4240 -24.84 -0.52%

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