5 Utilities Stocks Driving The Sector Higher

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 153 points (1.0%) at 15,063 as of Monday, July 1, 2013, 12:45 PM ET. The NYSE advances/declines ratio sits at 2,343 issues advancing vs. 631 declining with 69 unchanged.

The Utilities sector currently is unchanged today versus the S&P 500, which is up 1.1%. A company within the sector that increased today was Korea Electric Power ( KEP), up 1.4%. On the negative front, top decliners within the sector include Empresa Nacional de ElectricidadSA ( EOC), down 1.8%, American Water Works ( AWK), down 1.9%, FirstEnergy ( FE), down 1.9%, Wisconsin Energy Corporation ( WEC), down 1.6% and Public Service Enterprise Group ( PEG), down 1.5%.

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

5. PVR Partners ( PVR) is one of the companies pushing the Utilities sector higher today. As of noon trading, PVR Partners is up $0.59 (2.2%) to $27.89 on average volume. Thus far, 223,424 shares of PVR Partners exchanged hands as compared to its average daily volume of 455,700 shares. The stock has ranged in price between $27.25-$28.16 after having opened the day at $27.48 as compared to the previous trading day's close of $27.30.

PVR Partners, L.P. engages in the gathering and processing of natural gas; and management of coal and natural resource properties in the United States. The company operates in three segments: Eastern Midstream, Midcontinent Midstream, and Coal and Natural Resource Management. PVR Partners has a market cap of $2.6 billion and is part of the utilities industry. Shares are up 4.9% year to date as of the close of trading on Friday. Currently there are 3 analysts that rate PVR Partners a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates PVR Partners as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income, good cash flow from operations, increase in stock price during the past year and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full PVR Partners Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

4. As of noon trading, Atlas Energy ( ATLS) is up $1.31 (2.7%) to $50.30 on average volume. Thus far, 110,777 shares of Atlas Energy exchanged hands as compared to its average daily volume of 261,900 shares. The stock has ranged in price between $49.10-$50.86 after having opened the day at $49.10 as compared to the previous trading day's close of $48.99.

Atlas Energy, L.P. engages in the development and production of natural gas, crude oil, and natural gas liquids in basins across the United States. It also sponsors and manages tax-advantaged natural gas and oil investment partnerships. Atlas Energy has a market cap of $2.5 billion and is part of the utilities industry. Shares are up 41.0% year to date as of the close of trading on Friday. Currently there are 3 analysts that rate Atlas Energy a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Atlas Energy as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, disappointing return on equity and weak operating cash flow. Get the full Atlas Energy Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

3. As of noon trading, Targa Resources ( TRGP) is up $1.92 (3.0%) to $66.25 on average volume. Thus far, 105,405 shares of Targa Resources exchanged hands as compared to its average daily volume of 245,400 shares. The stock has ranged in price between $64.40-$66.26 after having opened the day at $64.62 as compared to the previous trading day's close of $64.33.

Targa Resources Corp., through its general and limited partner interests in Targa Resources Partners LP, provides midstream natural gas and natural gas liquid (NGL) services in the United States. Targa Resources has a market cap of $2.7 billion and is part of the energy industry. The company has a P/E ratio of 66.0, above the S&P 500 P/E ratio of 17.7. Shares are up 21.7% year to date as of the close of trading on Friday. Currently there are 6 analysts that rate Targa Resources a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Targa Resources as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and notable return on equity. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and poor profit margins. Get the full Targa Resources Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

2. As of noon trading, TransCanada ( TRP) is up $0.45 (1.0%) to $43.56 on light volume. Thus far, 137,832 shares of TransCanada exchanged hands as compared to its average daily volume of 598,700 shares. The stock has ranged in price between $43.28-$43.64 after having opened the day at $43.51 as compared to the previous trading day's close of $43.11.

TransCanada Corporation operates as an energy infrastructure company in North America. The company operates in three segments: Natural Gas Pipelines, Oil Pipelines, and Energy. TransCanada has a market cap of $30.4 billion and is part of the utilities industry. The company has a P/E ratio of 23.9, above the S&P 500 P/E ratio of 17.7. Shares are down 9.0% year to date as of the close of trading on Friday. Currently there are 3 analysts that rate TransCanada a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates TransCanada as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, good cash flow from operations, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full TransCanada Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

1. As of noon trading, EQT ( EQT) is up $1.24 (1.6%) to $80.61 on average volume. Thus far, 787,345 shares of EQT exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $79.62-$80.88 after having opened the day at $79.80 as compared to the previous trading day's close of $79.37.

EQT Corporation, together with its subsidiaries, operates as an integrated energy company in the United States. It operates in three segments: EQT Production, EQT Midstream, and Distribution. EQT has a market cap of $12.2 billion and is part of the utilities industry. The company has a P/E ratio of 57.2, above the S&P 500 P/E ratio of 17.7. Shares are up 34.6% year to date as of the close of trading on Friday. Currently there are 8 analysts that rate EQT a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates EQT as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, good cash flow from operations, increase in net income and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full EQT Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

If you are interested in one of these 5 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).

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