Utilities Stocks On The Rise With Help From 3 Stocks

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 89 points (0.5%) at 17,572 as of Tuesday, Nov. 17, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,707 issues advancing vs. 1,176 declining with 187 unchanged.

The Utilities sector currently sits down 0.8% versus the S&P 500, which is up 0.6%. On the negative front, top decliners within the sector include

Black Hills

(

BKH

), down 9.8%,

Centrais Eletricas Brasileiras

(

EBR.B

), down 5.0%,

EQT

(

EQT

), down 2.6%,

PPL

(

PPL

), down 1.1% and

Public Service Enterprise Group

(

PEG

), down 1.0%.

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

3.

Dominion Resources

(

DCUB

) is one of the companies pushing the Utilities sector higher today. As of noon trading, Dominion Resources is up $0.40 (0.7%) to $55.11 on light volume. Thus far, 930 shares of Dominion Resources exchanged hands as compared to its average daily volume of 53,200 shares. The stock has ranged in price between $54.92-$55.11 after having opened the day at $54.92 as compared to the previous trading day's close of $54.71.

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Dominion Resources, Inc. produces and transports energy in the United States. The company operates through three segments: Dominion Virginia Power (DVP), Dominion Generation, and Dominion Energy. Dominion Resources has a market cap of $31.4 billion and is part of the utilities industry. Shares are down 9.0% year-to-date as of the close of trading on Monday.

TheStreet Ratings rates

Dominion Resources

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 expanding profit margins. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and a generally disappointing performance in the stock itself. Get the full

Dominion Resources Ratings Report

now.

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2. As of noon trading,

TransCanada

(

TRP

) is up $0.18 (0.6%) to $32.10 on average volume. Thus far, 579,228 shares of TransCanada exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $31.84-$32.54 after having opened the day at $31.93 as compared to the previous trading day's close of $31.92.

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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 $22.0 billion and is part of the energy industry. Shares are down 35.0% 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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1. As of noon trading,

Praxair

(

PX

) is up $0.59 (0.5%) to $116.57 on light volume. Thus far, 402,077 shares of Praxair exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $115.28-$116.86 after having opened the day at $116.02 as compared to the previous trading day's close of $115.98.

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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 $32.3 billion and is part of the chemicals industry. Shares are down 10.5% year-to-date as of the close of trading on Monday. Currently there are 7 analysts who rate Praxair a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates

Praxair

as a

hold

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

Praxair 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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