3 Utilities Stocks Pushing The Sector Higher

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 115 points (0.7%) at 16,388 as of Friday, Feb. 28, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,987 issues advancing vs. 938 declining with 158 unchanged.

The Utilities sector currently sits up 0.5% versus the S&P 500, which is up 0.6%. Top gainers within the sector include PG&E ( PCG), up 1.8%, Edison International ( EIX), up 1.2% and Praxair ( PX), up 0.7%.

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

3. Southern ( SO) is one of the companies pushing the Utilities sector higher today. As of noon trading, Southern is up $0.32 (0.8%) to $42.33 on light volume. Thus far, 1.3 million shares of Southern exchanged hands as compared to its average daily volume of 4.7 million shares. The stock has ranged in price between $41.92-$42.34 after having opened the day at $42.04 as compared to the previous trading day's close of $42.01.

The Southern Company, together with its subsidiaries, operates as a public electric utility company. Southern has a market cap of $37.0 billion and is part of the utilities industry. Shares are up 2.2% year-to-date as of the close of trading on Thursday. Currently there is 1 analyst who rates Southern a buy, 1 analyst rates it a sell, and 10 rate it a hold.

TheStreet Ratings rates Southern as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Southern Ratings Report now.

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