4 Utilities Stocks Pushing Sector Growth

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.

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 14 points (0.1%) at 16,456 as of Friday, Jan. 3, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,718 issues advancing vs. 1,181 declining with 172 unchanged.

The Utilities sector currently sits up 0.1% versus the S&P 500, which is unchanged. Top gainers within the sector include Centrais Eletricas Brasileiras ( EBR), up 2.5%, and Huaneng Power International Inc. ADR repr C ( HNP), up 1.5%. On the negative front, top decliners within the sector include Entergy ( ETR), down 1.7%, and Korea Electric Power ( KEP), down 1.0%.

TheStreet would like to highlight 4 stocks pushing the sector higher today:

4. CPFL Energy ( CPL) is one of the companies pushing the Utilities sector higher today. As of noon trading, CPFL Energy is up $0.24 (1.6%) to $15.56 on average volume. Thus far, 150,124 shares of CPFL Energy exchanged hands as compared to its average daily volume of 360,500 shares. The stock has ranged in price between $15.54-$15.74 after having opened the day at $15.72 as compared to the previous trading day's close of $15.32.

CPFL Energia S.A., through its subsidiaries, distributes, generates, and commercializes electricity in Brazil. The company operates in five segments: Distribution, Conventional Generation Sources, Renewable Generation Sources, Commercialization, and Services. CPFL Energy has a market cap of $7.7 billion and is part of the utilities industry. Shares are down 4.3% year to date as of the close of trading on Thursday. Currently there is 1 analyst that rates CPFL Energy a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates CPFL Energy as a hold. The company's strongest point has been its expanding profit margins. At the same time, however, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and weak operating cash flow. Get the full CPFL Energy Ratings Report now.

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3. As of noon trading, Enersis ( ENI) is up $0.14 (0.9%) to $14.94 on average volume. Thus far, 259,066 shares of Enersis exchanged hands as compared to its average daily volume of 519,900 shares. The stock has ranged in price between $14.79-$15.14 after having opened the day at $14.86 as compared to the previous trading day's close of $14.80.

Enersis S.A., an electric utility company, through its subsidiaries and jointly-controlled entities, engages in the electricity generation, transmission, and distribution businesses in Chile, Brazil, Colombia, Peru, and Argentina. Enersis has a market cap of $9.8 billion and is part of the utilities industry. Shares are down 1.3% year to date as of the close of trading on Thursday. Currently there is 1 analyst that rates Enersis a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Enersis as a hold. Among the primary strengths of the company is its expanding profit margins over time. At the same time, however, we also find weaknesses including unimpressive growth in net income and a generally disappointing performance in the stock itself. Get the full Enersis 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, Energy Company of Minas Gerais ( CIG) is up $0.11 (1.5%) to $7.66 on average volume. Thus far, 1.2 million shares of Energy Company of Minas Gerais exchanged hands as compared to its average daily volume of 2.7 million shares. The stock has ranged in price between $7.62-$7.76 after having opened the day at $7.75 as compared to the previous trading day's close of $7.55.

Companhia Energetica de Minas Gerais S.A., through its subsidiaries, engages in the generation, transformation, transmission, distribution, and sale of electric energy primarily in Minas Gerais, Brazil. Energy Company of Minas Gerais has a market cap of $8.7 billion and is part of the utilities industry. Shares are down 3.1% year to date as of the close of trading on Thursday. Currently there is 1 analyst that rates Energy Company of Minas Gerais a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Energy Company of Minas Gerais as a sell. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, poor profit margins, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. Get the full Energy Company of Minas Gerais 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, Public Service Enterprise Group ( PEG) is up $0.18 (0.6%) to $31.51 on average volume. Thus far, 1.5 million shares of Public Service Enterprise Group exchanged hands as compared to its average daily volume of 3.5 million shares. The stock has ranged in price between $31.33-$31.72 after having opened the day at $31.71 as compared to the previous trading day's close of $31.33.

Public Service Enterprise Group Incorporated, through its subsidiaries, operates as an energy company primarily in the northeastern and mid Atlantic United States. Public Service Enterprise Group has a market cap of $16.2 billion and is part of the utilities industry. Shares are down 2.2% year to date as of the close of trading on Thursday. Currently there are 3 analysts that rate Public Service Enterprise Group a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Public Service Enterprise Group as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, expanding profit margins, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Public Service Enterprise Group 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 4 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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