4 Utilities Stocks Pushing Sector Growth

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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 22 points (-0.2%) at 14,556 as of Monday, April 1, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 762 issues advancing vs. 2,184 declining with 121 unchanged.

The Utilities sector currently sits down 0.6% versus the S&P 500, which is down 0.6%. Top gainers within the sector include Centrais Eletricas Brasileiras ( EBR), up 2.6%, Energy Company of Parana ( ELP), up 1.0% and Centrais Eletricas Brasileiras ( EBR.B), up 0.8%. On the negative front, top decliners within the sector include Companhia De Saneamento Basico Do Estado De ( SBS), down 1.7%, American Water Works ( AWK), down 1.2%, Calpine ( CPN), down 1.0%, AES ( AES), down 1.0% and Wisconsin Energy Corporation ( WEC), down 1.0%.

TheStreet Ratings group would like to highlight 4 stocks pushing the sector higher today:

4. Korea Electric Power ( KEP) is one of the companies pushing the Utilities sector higher today. As of noon trading, Korea Electric Power is up $0.14 (1.0%) to $13.73 on average volume Thus far, 300,385 shares of Korea Electric Power exchanged hands as compared to its average daily volume of 683,900 shares. The stock has ranged in price between $13.71-$13.90 after having opened the day at $13.87 as compared to the previous trading day's close of $13.59.

Korea Electric Power Corporation, an integrated electric utility company, engages in the generation, transmission, and distribution of electricity in Korea. The company generates power from nuclear, coal, oil, liquefied natural gas, hydro, wind, and solar sources. Korea Electric Power has a market cap of $17.4 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 2.7% year to date as of the close of trading on Thursday. Currently there is 1 analyst that rates Korea Electric Power a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Korea Electric Power as a sell. Among the areas we feel are negative, one of the most important has been an overall disappointing return on equity. Get the full Korea Electric Power Ratings Report now.

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3. As of noon trading, Atlas Energy ( ATLS) is up $1.07 (2.4%) to $45.11 on heavy volume Thus far, 275,642 shares of Atlas Energy exchanged hands as compared to its average daily volume of 332,600 shares. The stock has ranged in price between $44.00-$45.26 after having opened the day at $44.20 as compared to the previous trading day's close of $44.04.

Atlas Energy, L.P. engages in the development and production of natural gas, crude oil, and natural gas liquids in basins across the United States. It also sponsors and manages tax-advantaged natural gas and oil investment partnerships. Atlas Energy has a market cap of $2.3 billion and is part of the utilities industry. Shares are up 26.8% year to date as of the close of trading on Thursday. Currently there are 4 analysts that rate Atlas Energy a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Atlas Energy as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity. Get the full Atlas Energy Ratings Report now.

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2. As of noon trading, TransCanada ( TRP) is up $0.32 (0.7%) to $48.21 on average volume Thus far, 225,503 shares of TransCanada exchanged hands as compared to its average daily volume of 550,100 shares. The stock has ranged in price between $47.65-$48.23 after having opened the day at $47.65 as compared to the previous trading day's close of $47.89.

TransCanada Corporation operates as an energy infrastructure company in North America. The company operates in three segments: Natural Gas Pipelines, Oil Pipelines, and Energy. TransCanada has a market cap of $33.8 billion and is part of the utilities industry. The company has a P/E ratio of 25.9, above the S&P 500 P/E ratio of 17.7. Shares are up 1.2% year to date as of the close of trading on Thursday. Currently there are 3 analysts that rate TransCanada a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates TransCanada as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full TransCanada Ratings Report now.

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1. As of noon trading, ONEOK ( OKE) is up $0.58 (1.2%) to $48.25 on heavy volume Thus far, 1.0 million shares of ONEOK exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $47.54-$48.42 after having opened the day at $47.65 as compared to the previous trading day's close of $47.67.

ONEOK, Inc. operates as a diversified energy company in the United States. The company operates in three segments: ONEOK Partners, Natural Gas Distribution, and Energy Services. ONEOK has a market cap of $9.8 billion and is part of the utilities industry. The company has a P/E ratio of 29.1, above the S&P 500 P/E ratio of 17.7. Shares are up 11.5% year to date as of the close of trading on Thursday. Currently there are 8 analysts that rate ONEOK a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates ONEOK as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full ONEOK Ratings Report now.

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If you are interested in one of these 4 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.
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