3 Utilities Stocks Pushing The Sector Higher

TheStreet highlights 3 stocks pushing the basic materials sector higher today.
By TheStreet Wire ,

Two out of the three major indices are trading lower today with the

Dow Jones Industrial Average

(

^DJI

) trading up 6 points (0.0%) at 17,798 as of Tuesday, Nov. 24, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,309 issues advancing vs. 1,608 declining with 176 unchanged.

The Utilities sector currently is unchanged today versus the S&P 500, which is down 0.2%. Top gainers within the sector include

Centrais Eletricas Brasileiras

(

EBR.B

), up 3.5%, and

Huaneng Power International

(

HNP

), up 0.8%. On the negative front, top decliners within the sector include

Edison International

(

EIX

), down 1.4%,

WEC Energy Group

(

WEC

), down 1.4%,

Public Service Enterprise Group

(

PEG

), down 1.3%,

PPL

(

PPL

), down 1.3% and

Consolidated Edison

(

ED

), down 1.2%.

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

3.

TransCanada

(

TRP

) is one of the companies pushing the Utilities sector higher today. As of noon trading, TransCanada is up $0.62 (1.9%) to $32.77 on average volume. Thus far, 418,838 shares of TransCanada exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $32.11-$32.82 after having opened the day at $32.14 as compared to the previous trading day's close of $32.15.

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TransCanada Corporation operates as an energy infrastructure company in North America. The company operates in three segments: Natural Gas Pipelines, Liquids Pipelines, and Energy. TransCanada has a market cap of $23.1 billion and is part of the energy industry. Shares are down 34.5% year-to-date as of the close of trading on Monday. Currently there are 2 analysts who rate TransCanada a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates

TransCanada

as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, disappointing return on equity and a generally disappointing performance in the stock itself. Get the full

TransCanada Ratings Report

now.

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2. As of noon trading,

AES Corporation

(

AES

) is up $0.17 (1.8%) to $9.83 on light volume. Thus far, 1.9 million shares of AES Corporation exchanged hands as compared to its average daily volume of 6.8 million shares. The stock has ranged in price between $9.61-$9.87 after having opened the day at $9.66 as compared to the previous trading day's close of $9.66.

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The AES Corporation operates as a diversified power generation and utility company. It owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries. AES Corporation has a market cap of $6.5 billion and is part of the utilities industry. Shares are down 29.9% year-to-date as of the close of trading on Monday. Currently there are 4 analysts who rate AES Corporation a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates

AES Corporation

as a

hold

. The company's strengths can be seen in multiple areas, such as its notable return on equity and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally higher debt management risk and a generally disappointing performance in the stock itself. Get the full

AES Corporation Ratings Report

now.

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1. As of noon trading,

ONEOK

(

OKE

) is up $0.92 (3.2%) to $30.02 on light volume. Thus far, 739,680 shares of ONEOK exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $29.11-$30.20 after having opened the day at $29.11 as compared to the previous trading day's close of $29.09.

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ONEOK, Inc., through its general partner interests in ONEOK Partners, L.P., engages in the gathering, processing, storage, and transportation of natural gas in the United States. ONEOK has a market cap of $6.0 billion and is part of the utilities industry. Shares are down 41.6% year-to-date as of the close of trading on Monday. Currently there are 3 analysts who rate ONEOK a buy, 3 analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates

ONEOK

as a

hold

. The company's strengths can be seen in multiple areas, such as its increase in net income, notable return on equity and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, a generally disappointing performance in the stock itself and poor profit margins. Get the full

ONEOK Ratings Report

now.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

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

Utilities Select Sector SPDR

(

XLU

) while those bearish on the utilities sector could consider

ProShares UltraShort Utilities

(

SDP

).

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