5 Stocks Boosting The Utilities Sector Higher

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Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 22 points (-0.1%) at 16,065 as of Monday, Dec. 2, 2013, 11:45 AM ET. The NYSE advances/declines ratio sits at 1,030 issues advancing vs. 1,883 declining with 116 unchanged.

The Utilities sector currently sits down 0.3% versus the S&P 500, which is unchanged. A company within the sector that increased today was UGI Corporation ( UGI), up 1.5%. On the negative front, top decliners within the sector include Centrais Eletricas Brasileiras ( EBR.B), down 1.8%, Energy Company of Minas Gerais ( CIG), down 1.1%, Huaneng Power International Inc. ADR repr C ( HNP), down 0.7% and PPL ( PPL), down 0.5%.

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

5. Alliant Energy Corporation ( LNT) is one of the companies pushing the Utilities sector higher today. As of noon trading, Alliant Energy Corporation is up $0.40 (0.8%) to $51.90 on average volume. Thus far, 214,196 shares of Alliant Energy Corporation exchanged hands as compared to its average daily volume of 554,400 shares. The stock has ranged in price between $51.13-$52.00 after having opened the day at $51.62 as compared to the previous trading day's close of $51.50.

Alliant Energy Corporation, a utility holding company, provides regulated electricity and natural gas services to residential, commercial, and industrial customers in the Midwest region of the United States. Alliant Energy Corporation has a market cap of $5.7 billion and is part of the utilities industry. The company has a P/E ratio of 15.5, below the S&P 500 P/E ratio of 17.7. Shares are up 17.5% year to date as of the close of trading on Friday. Currently there are 6 analysts that rate Alliant Energy Corporation a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Alliant Energy Corporation as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, attractive valuation levels, largely solid financial position with reasonable debt levels by most measures, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Alliant Energy Corporation Ratings Report now.

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