5 Utilities Stocks Driving The 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

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 79 points (0.5%) at 15,467 as of Wednesday, May 22, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,746 issues advancing vs. 1,183 declining with 133 unchanged.

The Utilities sector currently is unchanged today versus the S&P 500, which is up 0.5%. Top gainers within the sector include Centrais Eletricas Brasileiras ( EBR), up 10.7%, Centrais Eletricas Brasileiras ( EBR.B), up 8.0%, Energy Company of Parana ( ELP), up 2.1% and CPFL Energy ( CPL), up 1.9%.

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

5. Enersis ( ENI) is one of the companies pushing the Utilities sector higher today. As of noon trading, Enersis is up $0.19 (1.09) to $17.62 on light volume Thus far, 353,338 shares of Enersis exchanged hands as compared to its average daily volume of 974,700 shares. The stock has ranged in price between $17.40-$17.64 after having opened the day at $17.40 as compared to the previous trading day's close of $17.43.

Enersis S.A., an electric utility company, through its subsidiaries and jointly-controlled entities, engages in the electricity generation, transmission, and distribution businesses in Chile, Brazil, Colombia, Peru, and Argentina. Enersis has a market cap of $11.5 billion and is part of the utilities industry. The company has a P/E ratio of 14.7, below the S&P 500 P/E ratio of 17.7. Shares are down 4.3% year to date as of the close of trading on Tuesday. Currently there is 1 analyst that rates Enersis a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Enersis as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Enersis Ratings Report now.

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