3 Utilities Stocks Pushing The Sector Higher

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

All three major indices are trading up today with the

Dow Jones Industrial Average

(

^DJI

) trading up 123 points (0.7%) at 18,349 as of Tuesday, July 12, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,303 issues advancing vs. 681 declining with 114 unchanged.

The Utilities sector currently sits up 0.3% versus the S&P 500, which is up 0.8%. A company within the sector that increased today was

TransCanada

(

TRP

), up 1.0%. On the negative front, top decliners within the sector include

Xcel Energy

(

XEL

), down 1.6%,

Edison International

(

EIX

), down 1.6%,

WEC Energy Group

(

WEC

), down 1.5%,

American Water Works

(

AWK

), down 1.4% and

PG&E

(

PCG

), down 1.0%.

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

3.

ONEOK

(

OKE

) is one of the companies pushing the Utilities sector higher today. As of noon trading, ONEOK is up $1.62 (3.4%) to $49.06 on light volume. Thus far, 1.1 million shares of ONEOK exchanged hands as compared to its average daily volume of 2.8 million shares. The stock has ranged in price between $47.94-$49.07 after having opened the day at $47.94 as compared to the previous trading day's close of $47.44.

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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 $10.0 billion and is part of the utilities industry. Shares are up 92.4% year-to-date as of the close of trading on Monday. Currently there are 3 analysts who rate ONEOK a buy, 2 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 solid stock price performance, increase in net income and notable return on equity. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and poor profit margins. Get the full

ONEOK Ratings Report

now.

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2. As of noon trading,

Praxair

(

PX

) is up $2.67 (2.3%) to $117.03 on average volume. Thus far, 603,938 shares of Praxair exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $115.10-$117.33 after having opened the day at $115.10 as compared to the previous trading day's close of $114.36.

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Praxair, Inc. produces, sells, and distributes atmospheric, process, and specialty gases, as well as surface coatings in North America, Europe, South America, and Asia. Praxair has a market cap of $32.7 billion and is part of the chemicals industry. Shares are up 11.7% year-to-date as of the close of trading on Monday. Currently there are 6 analysts who rate Praxair a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates

Praxair

as a

buy

. The company's strengths can be seen in multiple areas, such as its expanding profit margins and good cash flow from operations. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full

Praxair Ratings Report

now.

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1. As of noon trading,

EQT

(

EQT

) is up $1.77 (2.3%) to $78.72 on light volume. Thus far, 390,832 shares of EQT exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $77.92-$78.84 after having opened the day at $77.96 as compared to the previous trading day's close of $76.95.

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EQT Corporation, together with its subsidiaries, operates as an integrated energy company in the United States. It operates through two segments, EQT Production and EQT Midstream. EQT has a market cap of $13.4 billion and is part of the energy industry. Shares are up 47.6% year-to-date as of the close of trading on Monday. Currently there are 7 analysts who rate EQT a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates

EQT

as a

hold

. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. Get the full

EQT Ratings Report

now.

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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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