3 Stocks Advancing The Utilities Sector
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.
All three major indices are trading up today with the
Dow Jones Industrial Average
(
^DJI
) trading up 171 points (1.0%) at 18,028 as of Monday, March 9, 2015, 1:50 PM ET. The NYSE advances/declines ratio sits at 1,589 issues advancing vs. 1,440 declining with 142 unchanged.
The Utilities sector currently is unchanged today versus the S&P 500, which is up 0.5%. Top gainers within the sector include
(
), up 1.5%,
(
), up 1.1%,
(
), up 0.6% and
(
), up 0.8%. On the negative front, top decliners within the sector include
Centrais Eletricas Brasileiras
(
), down 3.4%,
(
), down 3.1%,
(
), down 2.3% and
(
), down 0.8%.
TheStreet would like to highlight 3 stocks pushing the sector higher today:
3.
(
) is one of the companies pushing the Utilities sector higher today. As of noon trading, ONEOK is up $0.75 (1.6%) to $47.88 on heavy volume. Thus far, 2.7 million shares of ONEOK exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $46.67-$48.28 after having opened the day at $47.32 as compared to the previous trading day's close of $47.13.
ONEOK, Inc. engages in the gathering, processing, storage, and transportation of natural gas in the United States. It operates in Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines segments. ONEOK has a market cap of $9.6 billion and is part of the utilities industry. Shares are down 5.3% year-to-date as of the close of trading on Friday. Currently there are 4 analysts who rate ONEOK a buy, 1 analyst rates it a sell, and 7 rate it a hold.
TheStreet Ratings rates
ONEOK
as a
. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, increase in net income and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, generally higher debt management risk and poor profit margins. Get the full
now.
2. As of noon trading,
(
) is up $0.90 (1.5%) to $62.22 on average volume. Thus far, 956,546 shares of Edison International exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $61.20-$62.24 after having opened the day at $61.43 as compared to the previous trading day's close of $61.32.
Edison International, through its subsidiaries, generates and supplies electricity. The company generates electricity through hydroelectric, diesel, natural gas, gas fueled, combustion turbine, nuclear, and photovoltaic sources. Edison International has a market cap of $20.8 billion and is part of the utilities industry. Shares are down 6.3% year-to-date as of the close of trading on Friday. Currently there are 9 analysts who rate Edison International a buy, no analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates
Edison International
as a
. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, solid stock price performance, expanding profit margins and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full
Edison International Ratings Report
now.
1. As of noon trading,
(
) is up $0.58 (1.0%) to $60.56 on light volume. Thus far, 690,483 shares of Consolidated Edison exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $60.00-$60.63 after having opened the day at $60.05 as compared to the previous trading day's close of $59.98.
Consolidated Edison, Inc., through its subsidiaries, engages in regulated electric, gas, and steam delivery businesses in the United States. Consolidated Edison has a market cap of $18.3 billion and is part of the utilities industry. Shares are down 9.1% year-to-date as of the close of trading on Friday. Currently there is 1 analyst who rates Consolidated Edison a buy, 4 analysts rate it a sell, and 4 rate it a hold.
TheStreet Ratings rates
Consolidated Edison
as a
. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full
Consolidated Edison Ratings Report
now.
If you are interested in one of these 3 stocks, ETFs may be of interest. Investors who are bullish on the utilities sector could consider
(
) while those bearish on the utilities sector could consider
ProShares UltraShort Utilities
(
).
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