5 Utilities Stocks Moving The Sector Upward

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 20 points (0.1%) at 14,984 as of Friday, Aug. 23, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,794 issues advancing vs. 1,149 declining with 104 unchanged.

The Utilities sector currently sits up 0.3% versus the S&P 500, which is up 0.2%. Top gainers within the sector include Companhia De Saneamento Basico Do Estado De ( SBS), up 2.2%, Empresa Nacional de ElectricidadSA ( EOC), up 1.4%, Consolidated Edison ( ED), up 0.9% and TransCanada ( TRP), up 0.6%.

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

5. American Electric Power ( AEP) is one of the companies pushing the Utilities sector higher today. As of noon trading, American Electric Power is up $0.33 (0.8%) to $43.02 on average volume. Thus far, 2.3 million shares of American Electric Power exchanged hands as compared to its average daily volume of 3.7 million shares. The stock has ranged in price between $42.71-$43.36 after having opened the day at $42.81 as compared to the previous trading day's close of $42.69.

American Electric Power Company, Inc., a public utility holding company, engages in the generation, transmission, and distribution of electric power to retail customers. The company generates electricity using coal and lignite, natural gas, nuclear energy, and hydroelectric energy. American Electric Power has a market cap of $20.6 billion and is part of the utilities industry. Shares are down 0.7% year to date as of the close of trading on Thursday. Currently there are 7 analysts that rate American Electric Power a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates American Electric Power as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth 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 American Electric Power Ratings Report now.

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