3 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

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 3 points (0.0%) at 14,544 as of Monday, April 22, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,423 issues advancing vs. 1,490 declining with 125 unchanged.

The Utilities sector currently sits down 0.31 versus the S&P 500, which is up 0.3%. A company within the sector that increased today was Centrais Eletricas Brasileiras ( EBR.B), up 2.26. On the negative front, top decliners within the sector include Energy Company of Parana ( ELP), down 2.91, and PG&E ( PCG), down 1.00.

TheStreet Ratings group would like to highlight 3 stocks pushing the sector higher today:

3. Korea Electric Power ( KEP) is one of the companies pushing the Utilities sector higher today. As of noon trading, Korea Electric Power is up $0.22 (1.55) to $14.44 on average volume Thus far, 222,695 shares of Korea Electric Power exchanged hands as compared to its average daily volume of 522,200 shares. The stock has ranged in price between $14.37-$14.53 after having opened the day at $14.50 as compared to the previous trading day's close of $14.22.

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 $18.2 billion and is part of the utilities industry. The company has a P/E ratio of 25.2, 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 Friday.

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.

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.

2. As of noon trading, DTE Energy Holding Company ( DTE) is up $0.50 (0.69) to $72.76 on average volume Thus far, 393,864 shares of DTE Energy Holding Company exchanged hands as compared to its average daily volume of 866,100 shares. The stock has ranged in price between $71.96-$72.78 after having opened the day at $72.26 as compared to the previous trading day's close of $72.26.

DTE Energy Company, together with its subsidiaries, operates as an energy company. The company's Electric segment engages in the generation, purchase, distribution, and sale of electricity to approximately 2.1 million residential, commercial, and industrial customers in southeastern Michigan. DTE Energy Holding Company has a market cap of $12.5 billion and is part of the utilities industry. The company has a P/E ratio of 18.6, above the S&P 500 P/E ratio of 17.7. Shares are up 20.0% year to date as of the close of trading on Friday.

TheStreet Ratings rates DTE Energy Holding Company as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels 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 DTE Energy Holding Company Ratings Report now.

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.

1. As of noon trading, ONEOK ( OKE) is up $0.59 (1.15) to $51.94 on average volume Thus far, 677,858 shares of ONEOK exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $51.03-$51.98 after having opened the day at $51.41 as compared to the previous trading day's close of $51.35.

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 $10.3 billion and is part of the utilities industry. The company has a P/E ratio of 30.4, above the S&P 500 P/E ratio of 17.7. Shares are up 20.1% year to date as of the close of trading on Friday.

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.

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.

If you are interested in one of these 3 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

To Win at Trade the U.S. Must Act and Behave Like China

To Win at Trade the U.S. Must Act and Behave Like China

Dow Rises Sharply as U.S.-China Trade Tensions Thaw

Dow Rises Sharply as U.S.-China Trade Tensions Thaw

Video: Jim Cramer on Tariffs, the Market Rally, Caterpillar and Micron

Video: Jim Cramer on Tariffs, the Market Rally, Caterpillar and Micron

Apple Shares Gain as U.S. and China Call Off Trade War, For Now

Apple Shares Gain as U.S. and China Call Off Trade War, For Now

GE Confirms $11.1 Billion Transportation Merger With Wabtec

GE Confirms $11.1 Billion Transportation Merger With Wabtec