Today's Stocks Driving Success For The Utilities Sector

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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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