5 Stocks Advancing The Utilities Sector

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 31 points (0.2%) at 16,096 as of Monday, Nov. 25, 2013, 11:45 AM ET. The NYSE advances/declines ratio sits at 1,434 issues advancing vs. 1,496 declining with 119 unchanged.

The Utilities sector currently sits up 0.2% versus the S&P 500, which is up 0.1%. Top gainers within the sector include Empresa Distribuidora y Comercializadora No ( EDN), up 17.3%, Centrais Eletricas Brasileiras ( EBR), up 2.3% and Centrais Eletricas Brasileiras ( EBR.B), up 1.5%. On the negative front, top decliners within the sector include Huaneng Power International Inc. ADR repr C ( HNP), down 1.2%, and Empresa Nacional de Electricidad ( EOC), down 0.8%.

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

5. TransCanada ( TRP) is one of the companies pushing the Utilities sector higher today. As of noon trading, TransCanada is up $0.38 (0.8%) to $45.19 on light volume. Thus far, 103,681 shares of TransCanada exchanged hands as compared to its average daily volume of 393,000 shares. The stock has ranged in price between $44.66-$45.24 after having opened the day at $44.77 as compared to the previous trading day's close of $44.81.

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 $31.7 billion and is part of the utilities industry. The company has a P/E ratio of 23.6, above the S&P 500 P/E ratio of 17.7. Shares are down 5.3% year to date as of the close of trading on Friday. Currently there are 5 analysts that rate TransCanada a buy, no analysts rate it a sell, and 2 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, compelling growth in net income, expanding profit margins, good cash flow from operations and impressive record of earnings per share growth. 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.

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