3 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 60 points (0.4%) at 16,517 as of Tuesday, April 1, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,859 issues advancing vs. 1,154 declining with 141 unchanged.

The Utilities sector currently sits down 0.4% versus the S&P 500, which is up 0.4%. Top gainers within the sector include Korea Electric Power ( KEP), up 2.9%, Huaneng Power International ( HNP), up 2.8% and EQT ( EQT), up 1.2%. On the negative front, top decliners within the sector include Ameren ( AEE), down 1.5%, PG&E ( PCG), down 1.4%, Northeast Utilities ( NU), down 1.2%, Southern ( SO), down 1.0% and Duke Energy Corporation ( DUK), down 0.9%.

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

3. TransCanada ( TRP) is one of the companies pushing the Utilities sector higher today. As of noon trading, TransCanada is up $0.55 (1.2%) to $46.07 on average volume. Thus far, 218,906 shares of TransCanada exchanged hands as compared to its average daily volume of 518,000 shares. The stock has ranged in price between $45.40-$46.10 after having opened the day at $45.54 as compared to the previous trading day's close of $45.52.

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 $31.9 billion and is part of the energy industry. Shares are down 0.3% year-to-date as of the close of trading on Monday. Currently there are 5 analysts who 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, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and notable return on equity. 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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2. As of noon trading, Companhia De Saneamento Basico Do Estado De ( SBS) is up $0.20 (2.2%) to $9.46 on heavy volume. Thus far, 2.1 million shares of Companhia De Saneamento Basico Do Estado De exchanged hands as compared to its average daily volume of 2.7 million shares. The stock has ranged in price between $9.25-$9.48 after having opened the day at $9.34 as compared to the previous trading day's close of $9.26.

Companhia de Saneamento Basico do Estado de S o Paulo-SABESP provides basic and environmental sanitation services; and supplies treated water on a wholesale basis to residential, commercial, industrial, and municipal customers in the State of S o Paulo. Companhia De Saneamento Basico Do Estado De has a market cap of $6.2 billion and is part of the utilities industry. Shares are down 18.3% year-to-date as of the close of trading on Monday. Currently there is 1 analyst who rates Companhia De Saneamento Basico Do Estado De a buy, 1 analyst rates it a sell, and 1 rates it a hold.

TheStreet Ratings rates Companhia De Saneamento Basico Do Estado De as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, notable return on equity, attractive valuation levels, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Companhia De Saneamento Basico Do Estado De 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, Targa Resources ( TRGP) is up $3.79 (3.8%) to $103.05 on heavy volume. Thus far, 291,673 shares of Targa Resources exchanged hands as compared to its average daily volume of 289,200 shares. The stock has ranged in price between $99.30-$104.64 after having opened the day at $99.39 as compared to the previous trading day's close of $99.26.

Targa Resources Corp., through its general and limited partner interests in Targa Resources Partners LP, provides midstream natural gas and natural gas liquid (NGL) services in the United States. The company operates in two divisions, Gathering and Processing, and Logistics and Marketing. Targa Resources has a market cap of $4.1 billion and is part of the energy industry. Shares are up 12.6% year-to-date as of the close of trading on Monday. Currently there are 4 analysts who rate Targa Resources a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Targa Resources as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, impressive record of earnings per share growth, compelling growth in net income and solid stock price performance. 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 Targa Resources 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 3 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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