Today's Stocks Driving Success For The Utilities Sector

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 31 points (0.2%) at 15,006 as of Tuesday, July 2, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,611 issues advancing vs. 1,325 declining with 103 unchanged.

The Utilities sector currently sits up 0.4% versus the S&P 500, which is up 0.4%. Top gainers within the sector include OGE Energy ( OGE), up 1.0%, Korea Electric Power ( KEP), up 1.2%, CenterPoint Energy ( CNP), up 1.0%, EQT ( EQT), up 1.1% and TransCanada ( TRP), up 0.8%. On the negative front, top decliners within the sector include Centrais Eletricas Brasileiras ( EBR.B), down 2.8%, and Centrais Eletricas Brasileiras ( EBR), down 2.4%.

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

5. DTE Energy Holding Company ( DTE) is one of the companies pushing the Utilities sector higher today. As of noon trading, DTE Energy Holding Company is up $0.43 (0.7%) to $66.25 on light volume. Thus far, 240,553 shares of DTE Energy Holding Company exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $65.82-$66.46 after having opened the day at $65.82 as compared to the previous trading day's close of $65.82.

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 $11.7 billion and is part of the utilities industry. The company has a P/E ratio of 15.5, below the S&P 500 P/E ratio of 17.7. Shares are up 9.6% year to date as of the close of trading on Monday. Currently there are 2 analysts that rate DTE Energy Holding Company a buy, no analysts rate it a sell, and 7 rate it a hold.

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, increase in net income, attractive valuation levels, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full DTE Energy Holding Company 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.

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