5 Utilities Stocks Moving The Sector Upward

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 52 points (-0.4%) at 14,567 as of Thursday, April 18, 2013, 12:45 PM ET. The NYSE advances/declines ratio sits at 1,288 issues advancing vs. 1,600 declining with 135 unchanged.

The Utilities sector currently sits up 0.1% versus the S&P 500, which is down 0.48. Top gainers within the sector include ONEOK ( OKE), up 1.2%, TransCanada ( TRP), up 0.7% and Korea Electric Power ( KEP), up 0.6%. On the negative front, top decliners within the sector include Centrais Eletricas Brasileiras ( EBR), down 4.01, and Centrais Eletricas Brasileiras ( EBR.B), down 3.20.

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

5. CenterPoint Energy ( CNP) is one of the companies pushing the Utilities sector higher today. As of noon trading, CenterPoint Energy is up $0.22 (0.93) to $23.79 on light volume Thus far, 1.3 million shares of CenterPoint Energy exchanged hands as compared to its average daily volume of 3.6 million shares. The stock has ranged in price between $23.56-$23.80 after having opened the day at $23.58 as compared to the previous trading day's close of $23.57.

CenterPoint Energy, Inc. operates as a public utility holding company in the United States. CenterPoint Energy has a market cap of $10.2 billion and is part of the utilities industry. The company has a P/E ratio of 24.6, above the S&P 500 P/E ratio of 17.7. Shares are up 22.4% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates CenterPoint 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, growth in earnings per share and good cash flow from operations. 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 CenterPoint Energy Ratings Report now.

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