Today's Stocks Driving Success For The Utilities Sector

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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 84 points (0.6%) at 15,176 as of Tuesday, May 14, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 2,014 issues advancing vs. 928 declining with 109 unchanged.

The Utilities sector currently sits up 0.8% versus the S&P 500, which is up 0.9%. Top gainers within the sector include CenterPoint Energy ( CNP), up 1.7%, Korea Electric Power ( KEP), up 1.7%, Sempra Energy ( SRE), up 1.5%, EQT ( EQT), up 1.6% and Dominion Resources ( D), up 1.2%.

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

5. PG&E ( PCG) is one of the companies pushing the Utilities sector higher today. As of noon trading, PG&E is up $0.44 (0.96) to $46.96 on light volume Thus far, 877,995 shares of PG&E exchanged hands as compared to its average daily volume of 3.0 million shares. The stock has ranged in price between $46.38-$47.01 after having opened the day at $46.64 as compared to the previous trading day's close of $46.52.

PG&E Corporation, through its subsidiaries, operates as a public utility company in northern and central California. PG&E has a market cap of $20.6 billion and is part of the utilities industry. The company has a P/E ratio of 24.4, above the S&P 500 P/E ratio of 17.7. Shares are up 16.0% year to date as of the close of trading on Monday. Currently there are 3 analysts that rate PG&E a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates PG&E as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, increase in net income, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full PG&E 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 liked this article you might like

Green Energy Is Threatening to Cripple Many Utilities

Wall Street Got the Utility Sector Wrong -- 4 High-Yield Break Outs

These Four High-Yielders Are Breaking Out

Exelon Is a Great Income Buy - Here's Why

Investing Your Tax Refund Now Delivers Greater Returns