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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 67 points (0.5%) at 13,019 as of Wednesday, Dec. 5, 2012, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,464 issues advancing vs. 1,407 declining with 149 unchanged.

The Utilities sector currently is unchanged today versus the S&P 500, which is up 0.0%. Top gainers within the sector include Edison International ( EIX), up 0.9%, Northeast Utilities ( NU), up 0.9%, Xcel Energy ( XEL), up 0.8% and Korea Electric Power ( KEP), up 0.7%. A company within the sector that fell today was Centrais Eletricas Brasileiras ( EBR.B), up 3.4%.

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

5. Public Service Enterprise Group ( PEG) is one of the companies pushing the Utilities sector higher today. As of noon trading, Public Service Enterprise Group is up $0.23 (0.8%) to $29.60 on light volume Thus far, 570,984 shares of Public Service Enterprise Group exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $29.35-$29.65 after having opened the day at $29.47 as compared to the previous trading day's close of $29.36.

Public Service Enterprise Group Incorporated, through its subsidiaries, operates as an energy company primarily in the northeastern and mid Atlantic United States. Public Service Enterprise Group has a market cap of $15.1 billion and is part of the utilities industry. The company has a P/E ratio of 10.7, below the S&P 500 P/E ratio of 17.7. Shares are down 10.0% year to date as of the close of trading on Tuesday. Currently there is 1 analyst that rates Public Service Enterprise Group a buy, 3 analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Public Service Enterprise Group as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, 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 shows weak operating cash flow. Get the full Public Service Enterprise Group Ratings Report now.

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