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.

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