5 Stocks Driving The Utilities Sector Higher

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 15 points (0.1%) at 15,558 as of Monday, July 22, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,691 issues advancing vs. 1,251 declining with 101 unchanged.

The Utilities sector currently sits up 0.6% versus the S&P 500, which is up 0.2%. Top gainers within the sector include Energy Company of Parana ( ELP), up 2.2%, and CPFL Energy ( CPL), up 2.0%.

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

5. Companhia De Saneamento Basico Do Estado De ( SBS) is one of the companies pushing the Utilities sector higher today. As of noon trading, Companhia De Saneamento Basico Do Estado De is up $0.12 (1.1%) to $10.75 on average volume. Thus far, 810,512 shares of Companhia De Saneamento Basico Do Estado De exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $10.72-$10.95 after having opened the day at $10.79 as compared to the previous trading day's close of $10.63.

Companhia de Saneamento Basico do Estado de S o Paulo-SABESP provides basic and environmental sanitation services; and supplies treated water on a wholesale basis to residential, commercial, industrial, and municipal customers in the State of S o Paulo. Companhia De Saneamento Basico Do Estado De has a market cap of $7.3 billion and is part of the utilities industry. Shares are down 23.8% year to date as of the close of trading on Friday. Currently there is 1 analyst that rates Companhia De Saneamento Basico Do Estado De a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Companhia De Saneamento Basico Do Estado De as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Companhia De Saneamento Basico Do Estado De 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, TransCanada ( TRP) is up $0.40 (0.9%) to $45.52 on light volume. Thus far, 154,131 shares of TransCanada exchanged hands as compared to its average daily volume of 608,700 shares. The stock has ranged in price between $45.25-$45.65 after having opened the day at $45.29 as compared to the previous trading day's close of $45.12.

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 $32.0 billion and is part of the utilities industry. Shares are down 4.6% year to date as of the close of trading on Friday. Currently there are 4 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.

3. As of noon trading, OGE Energy ( OGE) is up $0.50 (1.4%) to $37.00 on average volume. Thus far, 543,067 shares of OGE Energy exchanged hands as compared to its average daily volume of 827,900 shares. The stock has ranged in price between $36.34-$37.18 after having opened the day at $36.53 as compared to the previous trading day's close of $36.50.

OGE Energy Corp., together with its subsidiaries, operates as an energy and energy services provider that offers physical delivery and related services for electricity and natural gas primarily in the south central United States. OGE Energy has a market cap of $7.2 billion and is part of the utilities industry. Shares are up 29.7% year to date as of the close of trading on Friday. Currently there are 6 analysts that rate OGE Energy a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates OGE Energy as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance and revenue growth. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full OGE 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.

2. As of noon trading, American Water Works ( AWK) is up $0.57 (1.3%) to $43.17 on light volume. Thus far, 313,841 shares of American Water Works exchanged hands as compared to its average daily volume of 915,700 shares. The stock has ranged in price between $42.51-$43.22 after having opened the day at $42.55 as compared to the previous trading day's close of $42.60.

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 $7.5 billion and is part of the utilities industry. Shares are up 14.0% year to date as of the close of trading on Friday. 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.

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, FirstEnergy ( FE) is up $0.33 (0.8%) to $39.25 on average volume. Thus far, 1.3 million shares of FirstEnergy exchanged hands as compared to its average daily volume of 3.2 million shares. The stock has ranged in price between $38.81-$39.40 after having opened the day at $38.92 as compared to the previous trading day's close of $38.92.

FirstEnergy Corp., a diversified energy holding company, engages in the generation, transmission, and distribution of electricity in the United States. The company operates in Regulated Distribution, Regulated Transmission, and Competitive Energy Services segments. FirstEnergy has a market cap of $16.3 billion and is part of the utilities industry. Shares are down 6.8% year to date as of the close of trading on Friday. Currently there are 2 analysts that rate FirstEnergy a buy, 1 analyst rates it a sell, and 11 rate it a hold.

TheStreet Ratings rates FirstEnergy as a buy. Among the primary strengths of the company is its generally strong cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full FirstEnergy 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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