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 34 points (0.2%) at 16,585 as of Friday, May 9, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,493 issues advancing vs. 1,448 declining with 155 unchanged.

The Utilities sector currently sits down 0.2% versus the S&P 500, which is up 0.1%. Top gainers within the sector include Ormat Technologies ( ORA), up 8.8%, Companhia De Saneamento Basico Do Estado De ( SBS), up 1.5% and FirstEnergy ( FE), up 0.6%. On the negative front, top decliners within the sector include Centrais Eletricas Brasileiras ( EBR.B), down 3.6%, Wisconsin Energy ( WEC), down 2.3%, Huaneng Power International ( HNP), down 2.2%, ONEOK ( OKE), down 2.1% and Ameren ( AEE), down 1.8%.

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

3. Suburban Propane Partners ( SPH) is one of the companies pushing the Utilities sector higher today. As of noon trading, Suburban Propane Partners is up $1.41 (3.2%) to $44.81 on average volume. Thus far, 117,774 shares of Suburban Propane Partners exchanged hands as compared to its average daily volume of 169,500 shares. The stock has ranged in price between $43.67-$44.81 after having opened the day at $43.89 as compared to the previous trading day's close of $43.40.

Suburban Propane Partners, L.P., through its subsidiaries, is engaged in the retail marketing and distribution of propane, fuel oil, and refined fuels. Suburban Propane Partners has a market cap of $2.6 billion and is part of the utilities industry. Shares are down 7.5% year-to-date as of the close of trading on Thursday. Currently there is 1 analyst who rates Suburban Propane Partners a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates Suburban Propane Partners as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, weak operating cash flow and poor profit margins. Get the full Suburban Propane Partners Ratings Report now.

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