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3 Stocks Boosting 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 14.32 points (-0.1%) at 16,933 as of Monday, June 23, 2014, 3:55 PM ET. The NYSE advances/declines ratio sits at 1,387 issues advancing vs. 1,632 declining with 133 unchanged.

The Utilities sector as a whole closed the day down 0.1% versus the S&P 500, which was down 0.1%. Top gainers within the Utilities sector included GreenHunter Resources ( GRH), up 2.8%, Niska Gas Storage Partners ( NKA), up 2.2%, Empresa Distribuidora y Comercializadora No ( EDN), up 4.9%, Atlantic Power ( AT), up 4.6% and Cheniere Energy Partners LP Holdings ( CQH), up 1.6%.

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

Empresa Distribuidora y Comercializadora No ( EDN) is one of the companies that pushed the Utilities sector higher today. Empresa Distribuidora y Comercializadora No was up $0.54 (4.9%) to $11.60 on heavy volume. Throughout the day, 300,300 shares of Empresa Distribuidora y Comercializadora No exchanged hands as compared to its average daily volume of 189,100 shares. The stock ranged in a price between $10.76-$11.79 after having opened the day at $10.91 as compared to the previous trading day's close of $11.06.

Empresa Distribuidora y Comercializadora Norte S.A., a public service company, is engaged in the distribution and sale of electricity in Argentina. Empresa Distribuidora y Comercializadora No has a market cap of $439.6 million and is part of the energy industry. Shares are up 118.6% year-to-date as of the close of trading on Friday. Currently there are no analysts who rate Empresa Distribuidora y Comercializadora No a buy, no analysts rate it a sell, and none rate it a hold.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

TheStreet Ratings rates Empresa Distribuidora y Comercializadora No as a hold. The company's strengths can be seen in multiple areas, such as its notable return on equity, solid stock price performance and increase in net income. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and weak operating cash flow.

Highlights from TheStreet Ratings analysis on EDN go as follows:

  • Compared to other companies in the Electric Utilities industry and the overall market, EMPRESA DISTRIBUIDORA Y COM's return on equity significantly exceeds that of both the industry average and the S&P 500.
  • Compared to its closing price of one year ago, EDN's share price has jumped by 385.00%, exceeding the performance of the broader market during that same time frame. Regarding the stock's future course, our hold rating indicates that we do not recommend additional investment in this stock despite its gains in the past year.
  • The net income growth from the same quarter one year ago has exceeded that of the Electric Utilities industry average, but is less than that of the S&P 500. The net income increased by 6.7% when compared to the same quarter one year prior, going from -$99.74 million to -$93.06 million.
  • The debt-to-equity ratio is very high at 3.57 and currently higher than the industry average, implying increased risk associated with the management of debt levels within the company. Along with this, the company manages to maintain a quick ratio of 0.46, which clearly demonstrates the inability to cover short-term cash needs.
  • Net operating cash flow has decreased to $45.89 million or 25.78% when compared to the same quarter last year. In addition, when comparing the cash generation rate to the industry average, the firm's growth is significantly lower.

You can view the full analysis from the report here: Empresa Distribuidora y Comercializadora No Ratings Report

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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