3 Stocks Advancing The Utilities Sector

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All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 11 points (0.1%) at 15,533 as of Tuesday, July 30, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,505 issues advancing vs. 1,392 declining with 116 unchanged.

The Utilities sector currently sits down 0.1% versus the S&P 500, which is up 0.2%. Top gainers within the sector include NextEra Energy ( NEE), up 1.4%, Edison International ( EIX), up 0.9%, FirstEnergy ( FE), up 0.7% and Korea Electric Power ( KEP), up 0.6%. On the negative front, top decliners within the sector include TransAlta Corporation ( TAC), down 4.9%, Centrais Eletricas Brasileiras ( EBR), down 3.7%, Centrais Eletricas Brasileiras ( EBR.B), down 2.8%, Empresa Nacional de ElectricidadSA ( EOC), down 1.8% and Enersis ( ENI), down 1.5%.

TheStreet would like to highlight 3 stocks pushing the sector higher today:

3. Northeast Utilities ( NU) is one of the companies pushing the Utilities sector higher today. As of noon trading, Northeast Utilities is up $0.68 (1.5%) to $44.72 on average volume. Thus far, 525,485 shares of Northeast Utilities exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $44.11-$44.83 after having opened the day at $44.11 as compared to the previous trading day's close of $44.04.

Northeast Utilities, a public utility company, through its subsidiaries, engages in the energy delivery business. It operates in four segments: Electric Distribution, Electric Transmission, Natural Gas Distribution, and Other. Northeast Utilities has a market cap of $13.9 billion and is part of the utilities industry. Shares are up 13.2% year to date as of the close of trading on Monday. Currently there are 8 analysts that rate Northeast Utilities a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Northeast Utilities as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Northeast Utilities Ratings Report now.

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