5 Stocks Pushing The Utilities Sector Higher

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

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 15 points (0.1%) at 12,980 as of Tuesday, Dec. 4, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,319 issues advancing vs. 1,553 declining with 162 unchanged.

The Utilities sector currently is unchanged today versus the S&P 500, which is down 0.1%. Top gainers within the sector include Atlas Energy ( ATLS), up 3.8%, Centrais Eletricas Brasileiras ( EBR), up 1.2% and Centrais Eletricas Brasileiras ( EBR.B), up 1.1%. A company within the sector that fell today was TransAlta Corporation ( TAC), up 1.8%.

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

5. Energy Company of Parana ( ELP) is one of the companies pushing the Utilities sector higher today. As of noon trading, Energy Company of Parana is up $0.16 (1.2%) to $13.75 on light volume Thus far, 179,256 shares of Energy Company of Parana exchanged hands as compared to its average daily volume of 608,900 shares. The stock has ranged in price between $13.67-$13.83 after having opened the day at $13.78 as compared to the previous trading day's close of $13.59.

Companhia Paranaense de Energia Copel engages in the generation, transmission, distribution, and sale of electricity primarily to industrial, residential, commercial, and rural customers primarily in the state of Parana, Brazil. Energy Company of Parana has a market cap of $3.7 billion and is part of the utilities industry. The company has a P/E ratio of 19.8, above the S&P 500 P/E ratio of 17.7. Shares are down 35.9% year to date as of the close of trading on Monday. Currently there is 1 analyst that rates Energy Company of Parana a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Energy Company of Parana as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, a generally disappointing performance in the stock itself and poor profit margins. Get the full Energy Company of Parana Ratings Report now.

EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass

4. As of noon trading, CPFL Energy ( CPL) is up $0.29 (1.4%) to $21.74 on light volume Thus far, 104,507 shares of CPFL Energy exchanged hands as compared to its average daily volume of 495,200 shares. The stock has ranged in price between $21.46-$21.79 after having opened the day at $21.55 as compared to the previous trading day's close of $21.45.

CPFL Energia S.A., through its subsidiaries, engages in the generation, distribution, and sale of electric energy in Brazil. It generates electricity through hydroelectric, thermoelectric, sugarcane biomass, and wind power plants. CPFL Energy has a market cap of $10.5 billion and is part of the utilities industry. The company has a P/E ratio of 17.1, below the S&P 500 P/E ratio of 17.7. Shares are down 22.6% year to date as of the close of trading on Monday. Currently there are no analysts that rate CPFL Energy a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates CPFL Energy as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, 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, poor profit margins and weak operating cash flow. Get the full CPFL Energy Ratings Report now.

EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass

3. As of noon trading, Northeast Utilities ( NU) is up $0.20 (0.5%) to $38.76 on light volume Thus far, 220,337 shares of Northeast Utilities exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $38.59-$38.80 after having opened the day at $38.68 as compared to the previous trading day's close of $38.56.

Northeast Utilities, a public utility holding company, provides energy delivery services to residential, commercial, and industrial customers in Connecticut, New Hampshire, and Massachusetts. Northeast Utilities has a market cap of $12.2 billion and is part of the utilities industry. The company has a P/E ratio of 19.8, above the S&P 500 P/E ratio of 17.7. Shares are up 6.9% year to date as of the close of trading on Monday. Currently there are 9 analysts that rate Northeast Utilities a buy, no analysts rate it a sell, and 4 rate it a hold.

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

EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass

2. As of noon trading, Calpine ( CPN) is up $0.12 (0.7%) to $17.32 on light volume Thus far, 275,207 shares of Calpine exchanged hands as compared to its average daily volume of 3.5 million shares. The stock has ranged in price between $17.17-$17.39 after having opened the day at $17.17 as compared to the previous trading day's close of $17.20.

Calpine Corporation, an independent wholesale power generation company, owns and operates natural gas-fired and geothermal power plants in North America. It operates natural gas-fired combustion turbines and renewable geothermal conventional steam turbines, as well as cogeneration power plants. Calpine has a market cap of $8.0 billion and is part of the utilities industry. The company has a P/E ratio of 95.9, above the S&P 500 P/E ratio of 17.7. Shares are up 5.7% year to date as of the close of trading on Monday. Currently there are 8 analysts that rate Calpine a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Calpine as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, expanding profit margins and good cash flow from operations. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet. Get the full Calpine Ratings Report now.

EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass

1. As of noon trading, AES ( AES) is up $0.15 (1.4%) to $10.72 on light volume Thus far, 1.6 million shares of AES exchanged hands as compared to its average daily volume of 6.0 million shares. The stock has ranged in price between $10.52-$10.76 after having opened the day at $10.55 as compared to the previous trading day's close of $10.57.

The AES Corporation, a power company, operates a portfolio of electricity generation and distribution businesses. Its Generation business owns and/or operates power plants to generate and sell power to wholesale customers, such as utilities and other intermediaries. AES has a market cap of $7.9 billion and is part of the utilities industry. Shares are down 9.9% year to date as of the close of trading on Monday. Currently there are 6 analysts that rate AES a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates AES as a hold. Among the primary strengths of the company is its revenue growth. At the same time, however, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity. Get the full AES Ratings Report now.

EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass

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

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%