Today's Stocks Driving Success For 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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 12 points (-0.1%) at 16,435 as of Friday, May 16, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,512 issues advancing vs. 1,401 declining with 184 unchanged.

The Utilities sector currently is unchanged today versus the S&P 500, which is unchanged. Top gainers within the sector include Centrais Eletricas Brasileiras ( EBR), up 5.0%, Huaneng Power International ( HNP), up 3.1%, Korea Electric Power ( KEP), up 1.4% and Enersis ( ENI), up 1.2%.

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 $0.39 (4.1%) to $9.92 on light volume. Thus far, 1.1 million shares of Companhia De Saneamento Basico Do Estado De exchanged hands as compared to its average daily volume of 3.0 million shares. The stock has ranged in price between $9.72-$9.98 after having opened the day at $9.87 as compared to the previous trading day's close of $9.53.

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 governmental customers in the state of S o Paulo. Companhia De Saneamento Basico Do Estado De has a market cap of $6.6 billion and is part of the utilities industry. Shares are down 16.0% year-to-date as of the close of trading on Thursday. 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 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.

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2. As of noon trading, Energy Company of Minas Gerais ( CIG) is up $0.15 (2.1%) to $7.32 on average volume. Thus far, 3.0 million shares of Energy Company of Minas Gerais exchanged hands as compared to its average daily volume of 5.9 million shares. The stock has ranged in price between $7.21-$7.35 after having opened the day at $7.34 as compared to the previous trading day's close of $7.17.

Companhia Energetica de Minas Gerais - CEMIG, through its subsidiaries, is engaged 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 $6.5 billion and is part of the utilities industry. Shares are down 8.0% year-to-date as of the close of trading on Thursday. Currently there are no analysts who rate Energy Company of Minas Gerais a buy, no analysts rate it a sell, and 3 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, American Electric Power ( AEP) is up $0.37 (0.7%) to $52.39 on average volume. Thus far, 1.5 million shares of American Electric Power exchanged hands as compared to its average daily volume of 3.1 million shares. The stock has ranged in price between $51.86-$52.52 after having opened the day at $52.13 as compared to the previous trading day's close of $52.02.

American Electric Power Company, Inc., a public utility holding company, is engaged in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers. American Electric Power has a market cap of $25.6 billion and is part of the utilities industry. Shares are up 11.3% year-to-date as of the close of trading on Thursday. Currently there are 9 analysts who rate American Electric Power a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates American Electric Power 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, good cash flow from operations and increase in stock price during the past year. 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 American Electric Power 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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