4 Stocks Driving The Utilities Sector Higher

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 66 points (0.4%) at 14,999 as of Wednesday, July 3, 2013, 12:51 PM ET. The NYSE advances/declines ratio sits at 1,256 issues advancing vs. 1,690 declining with 89 unchanged.

The Utilities sector currently is unchanged today versus the S&P 500, which is up 0.2%. Top gainers within the sector include Centrais Eletricas Brasileiras ( EBR), up 1.0%, Enersis ( ENI), up 0.8% and Empresa Nacional de ElectricidadSA ( EOC), up 0.5%. On the negative front, top decliners within the sector include Atlas Energy ( ATLS), down 6.5%, Companhia De Saneamento Basico Do Estado De ( SBS), down 1.6%, TransCanada ( TRP), down 0.6% and PPL ( PPL), down 0.5%.

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

4. American Water Works ( AWK) is one of the companies pushing the Utilities sector higher today. As of noon trading, American Water Works is up $0.42 (1.1%) to $40.32 on heavy volume. Thus far, 803,093 shares of American Water Works exchanged hands as compared to its average daily volume of 918,600 shares. The stock has ranged in price between $39.64-$40.47 after having opened the day at $39.89 as compared to the previous trading day's close of $39.90.

American Water Works Company, Inc., through its subsidiaries, provides water and wastewater services in the United States and Canada. The company's Regulated Businesses segment offers water and wastewater services to approximately 1,500 communities in 16 states. American Water Works has a market cap of $7.1 billion and is part of the utilities industry. Shares are up 7.5% year to date as of the close of trading on Tuesday. Currently there are 13 analysts that rate American Water Works a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates American Water Works as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, compelling growth in net income, expanding profit margins and good cash flow from operations. 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 American Water Works Ratings Report now.

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