4 Stocks Driving 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 4 points (0.0%) at 14,823 as of Tuesday, April 30, 2013, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,672 issues advancing vs. 1,218 declining with 158 unchanged.

The Utilities sector currently sits up 0.3% versus the S&P 500, which is unchanged. Top gainers within the sector include TransAlta Corporation ( TAC), up 3.1%, AmeriGas Partners ( APU), up 3.0%, AES ( AES), up 1.5% and National Electricity Company of Chile ( EOC), up 1.0%. A company within the sector that fell today was EQT ( EQT), up 0.87.

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

4. CPFL Energy ( CPL) is one of the companies pushing the Utilities sector higher today. As of noon trading, CPFL Energy is up $0.34 (1.62) to $21.31 on light volume Thus far, 110,419 shares of CPFL Energy exchanged hands as compared to its average daily volume of 405,400 shares. The stock has ranged in price between $20.96-$21.35 after having opened the day at $21.00 as compared to the previous trading day's close of $20.97.

CPFL Energia S.A., through its subsidiaries, distributes, generates, and commercializes electricity in Brazil. The company operates in five segments: Distribution, Conventional Generation Sources, Renewable Generation Sources, Commercialization, and Services. CPFL Energy has a market cap of $10.3 billion and is part of the utilities industry. The company has a P/E ratio of 16.7, below the S&P 500 P/E ratio of 17.7. Shares are up 0.4% year to date as of the close of trading on Monday.

TheStreet Ratings rates CPFL Energy as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth and notable return on equity. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and generally higher debt management risk. Get the full CPFL Energy Ratings Report now.

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3. As of noon trading, DTE Energy Holding Company ( DTE) is up $0.61 (0.84) to $72.80 on average volume Thus far, 585,377 shares of DTE Energy Holding Company exchanged hands as compared to its average daily volume of 925,400 shares. The stock has ranged in price between $72.07-$73.07 after having opened the day at $72.20 as compared to the previous trading day's close of $72.19.

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 20.3% year to date as of the close of trading on Monday.

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.

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2. As of noon trading, FirstEnergy ( FE) is up $0.33 (0.71) to $46.65 on light volume Thus far, 848,559 shares of FirstEnergy exchanged hands as compared to its average daily volume of 3.3 million shares. The stock has ranged in price between $46.22-$46.77 after having opened the day at $46.29 as compared to the previous trading day's close of $46.32.

FirstEnergy Corp., a diversified energy holding company, engages in the generation, transmission, and distribution of electricity in the United States. The company operates in Regulated Distribution, Regulated Transmission, and Competitive Energy Services segments. FirstEnergy has a market cap of $19.4 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 11.3% year to date as of the close of trading on Monday.

TheStreet Ratings rates FirstEnergy as a buy. Among the primary strengths of the company is its generally strong cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full FirstEnergy Ratings Report now.

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1. As of noon trading, NextEra Energy ( NEE) is up $0.93 (1.14) to $82.19 on average volume Thus far, 992,646 shares of NextEra Energy exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $81.58-$82.65 after having opened the day at $81.79 as compared to the previous trading day's close of $81.26.

NextEra Energy, Inc., through its subsidiaries, engages in the generation, transmission, distribution, and sale of electric energy in the United States and Canada. The company is involved in the generation of renewable energy from wind and solar projects. NextEra Energy has a market cap of $34.2 billion and is part of the utilities industry. The company has a P/E ratio of 17.6, equal to the S&P 500 P/E ratio of 17.7. Shares are up 16.4% year to date as of the close of trading on Monday.

TheStreet Ratings rates NextEra Energy as a buy. Among the primary strengths of the company is its 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 NextEra Energy 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 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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