3 Utilities Stocks Pushing Sector Growth

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One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 10 points (-0.1%) at 16,415 as of Thursday, April 17, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,581 issues advancing vs. 1,369 declining with 186 unchanged.

The Utilities sector currently sits down 0.3% versus the S&P 500, which is unchanged. On the negative front, top decliners within the sector include PG&E ( PCG), down 1.5%, Consolidated Edison ( ED), down 1.4%, Enersis ( ENI), down 1.1%, FirstEnergy ( FE), down 1.0% and Sempra Energy ( SRE), down 0.6%.

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

3. Companhia De Saneamento Basico Do Estado De ( SBS) is one of the companies pushing the Utilities sector higher today. As of noon trading, Companhia De Saneamento Basico Do Estado De is up $0.12 (1.3%) to $9.22 on average volume. Thus far, 1.4 million shares of Companhia De Saneamento Basico Do Estado De exchanged hands as compared to its average daily volume of 3.2 million shares. The stock has ranged in price between $9.08-$9.24 after having opened the day at $9.12 as compared to the previous trading day's close of $9.10.

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 $6.1 billion and is part of the utilities industry. Shares are down 19.8% year-to-date as of the close of trading on Wednesday. Currently there are 2 analysts who rate 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 hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, notable return on equity and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and a generally disappointing performance in the stock itself. Get the full Companhia De Saneamento Basico Do Estado De Ratings Report now.

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