5 Stocks Pushing The Utilities Sector Higher

TheStreet Ratings group would like to highlight 5 stocks pushing the utilities sector higher today, Nov. 13, 2012.

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 52 points (0.4%) at 12,867 as of Tuesday, Nov. 13, 2012, 11:54 AM ET. The NYSE advances/declines ratio sits at 1,426 issues advancing vs. 1,481 declining with 120 unchanged.

The Utilities sector currently sits up 0.5% versus the S&P 500, which is up 0.5%. Top gainers within the sector include Energy Company of Parana ( ELP), up 3.8%, EQT ( EQT), up 2.6%, Public Service Enterprise Group ( PEG), up 1.7%, ONEOK ( OKE), up 1.5% and PG&E ( PCG), up 1.4%. On the negative front, top decliners within the sector include Centrais Eletricas Brasileiras ( EBR.B), down 3.0%, and Centrais Eletricas Brasileiras ( EBR), down 0.6%.

TheStreet Ratings group would like to highlight 5 stocks pushing the sector higher today:

5. Dominion Resources ( D) is one of the companies pushing the Utilities sector higher today. As of noon trading, Dominion Resources is up $0.94 (1.9%) to $50.13 on average volume Thus far, 1.1 million shares of Dominion Resources exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $48.94-$50.19 after having opened the day at $49.05 as compared to the previous trading day's close of $49.19.

Dominion Resources, Inc., together with its subsidiaries, engages in producing and transporting energy in the United States. It operates in three segments: DVP, Dominion Generation, and Dominion Energy. Dominion Resources has a market cap of $28.3 billion and is part of the utilities industry. The company has a P/E ratio of 24.3, above the S&P 500 P/E ratio of 17.7. Shares are down 7.1% year to date as of the close of trading on Monday. Currently there are 4 analysts that rate Dominion Resources a buy, no analysts rate it a sell, and 13 rate it a hold.

TheStreet Ratings rates Dominion Resources as a buy. The company's strongest point has been its very decent return on equity which we feel should persist. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Dominion Resources Ratings Report now.

4. As of noon trading, FirstEnergy ( FE) is up $0.41 (1.0%) to $42.29 on light volume Thus far, 505,656 shares of FirstEnergy exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $41.58-$42.40 after having opened the day at $41.69 as compared to the previous trading day's close of $41.88.

FirstEnergy Corp. operates as a diversified energy company. The company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity. FirstEnergy has a market cap of $17.8 billion and is part of the utilities industry. The company has a P/E ratio of 17.7, equal to the S&P 500 P/E ratio of 17.7. Shares are down 4.1% year to date as of the close of trading on Monday. Currently there are 4 analysts that rate FirstEnergy a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates FirstEnergy as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, attractive valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full FirstEnergy Ratings Report now.

3. As of noon trading, NextEra Energy ( NEE) is up $0.48 (0.7%) to $67.27 on light volume Thus far, 513,574 shares of NextEra Energy exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $66.35-$67.46 after having opened the day at $66.66 as compared to the previous trading day's close of $66.79.

NextEra Energy, Inc., through its subsidiaries, engages in the generation, transmission, distribution, and sale of electric energy in the United States and Canada. The company is involved in the generation of renewable energy from wind and solar projects. NextEra Energy has a market cap of $28.5 billion and is part of the utilities industry. The company has a P/E ratio of 13.1, below the S&P 500 P/E ratio of 17.7. Shares are up 9.7% year to date as of the close of trading on Monday. Currently there are 12 analysts that rate NextEra Energy a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates NextEra Energy as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full NextEra Energy Ratings Report now.

2. As of noon trading, Southern ( SO) is up $0.35 (0.8%) to $42.93 on average volume Thus far, 1.5 million shares of Southern exchanged hands as compared to its average daily volume of 4.0 million shares. The stock has ranged in price between $42.41-$42.94 after having opened the day at $42.42 as compared to the previous trading day's close of $42.58.

The Southern Company operates as an electric utility company. It is involved in the generation, transmission, and distribution of electricity through coal, nuclear, oil and gas, and hydro resources. Southern has a market cap of $37.6 billion and is part of the utilities industry. The company has a P/E ratio of 16.9, below the S&P 500 P/E ratio of 17.7. Shares are down 8.0% year to date as of the close of trading on Monday. Currently there are 2 analysts that rate Southern a buy, 2 analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates Southern as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, expanding profit margins, growth in earnings per share, notable return on equity and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Southern Ratings Report now.

1. As of noon trading, Duke Energy Corporation ( DUK) is up $0.50 (0.8%) to $61.95 on light volume Thus far, 1.2 million shares of Duke Energy Corporation exchanged hands as compared to its average daily volume of 3.5 million shares. The stock has ranged in price between $61.26-$61.99 after having opened the day at $61.32 as compared to the previous trading day's close of $61.45.

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States and Latin America. The company operates in three segments: U.S. Franchised Electric and Gas, Commercial Power, and International Energy. The U.S. Duke Energy Corporation has a market cap of $43.6 billion and is part of the utilities industry. The company has a P/E ratio of 19.7, above the S&P 500 P/E ratio of 17.7. Shares are down 6.9% year to date as of the close of trading on Monday. Currently there are 3 analysts that rate Duke Energy Corporation a buy, no analysts rate it a sell, and 14 rate it a hold.

TheStreet Ratings rates Duke Energy Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Duke Energy Corporation Ratings Report now.

If you are interested in one of these 5 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).

A reminder about TheStreet Ratings group: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

null

More from Markets

Veteran Foreign Affairs Expert Ian Bremmer Reveals How to Price Political Risk

Veteran Foreign Affairs Expert Ian Bremmer Reveals How to Price Political Risk

Facebook Stock Set for Biggest Gain in Two Years After Q1 Earnings Top Forecasts

Facebook Stock Set for Biggest Gain in Two Years After Q1 Earnings Top Forecasts

Facebook, Amazon, Microsoft and Ford - 5 Things You Must Know

Facebook, Amazon, Microsoft and Ford - 5 Things You Must Know

Let the Najarian Brothers Crash-Proof Portfolio

Let the Najarian Brothers Crash-Proof Portfolio

Global Stocks Mixed, U.S. Futures Soften as Earnings, Oil, Rates Cloud Sentiment

Global Stocks Mixed, U.S. Futures Soften as Earnings, Oil, Rates Cloud Sentiment