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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 110 points (-0.7%) at 16,401 as of Tuesday, May 20, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 820 issues advancing vs. 2,151 declining with 156 unchanged.

The Utilities sector currently sits down 0.7% versus the S&P 500, which is down 0.6%. A company within the sector that increased today was Energy Company of Minas Gerais ( CIG), up 2.2%. On the negative front, top decliners within the sector include Huaneng Power International ( HNP), down 3.8%, Empresa Nacional de Electricidad ( EOC), down 2.1% and Korea Electric Power ( KEP), down 0.6%.

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

3. Centrais Eletricas Brasileiras ( EBR) is one of the companies pushing the Utilities sector higher today. As of noon trading, Centrais Eletricas Brasileiras is up $0.04 (1.4%) to $3.28 on light volume. Thus far, 269,824 shares of Centrais Eletricas Brasileiras exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $3.23-$3.31 after having opened the day at $3.26 as compared to the previous trading day's close of $3.23.

Centrais Eletricas Brasileiras S.A. - Eletrobras, together with its subsidiaries, generates, transmits, and distributes electricity in Brazil. It projects, builds, and operates generating power plants, and electric power transmission and distribution lines. Centrais Eletricas Brasileiras has a market cap of $3.6 billion and is part of the utilities industry. Shares are up 24.7% year-to-date as of the close of trading on Monday. Currently there are no analysts who rate Centrais Eletricas Brasileiras a buy, 1 analyst rates it a sell, and none rate it a hold.

TheStreet Ratings rates Centrais Eletricas Brasileiras as a sell. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity and weak operating cash flow. Get the full Centrais Eletricas Brasileiras Ratings Report now.

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2. As of noon trading, ONEOK ( OKE) is up $0.76 (1.2%) to $62.96 on average volume. Thus far, 469,583 shares of ONEOK exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $62.32-$63.56 after having opened the day at $62.33 as compared to the previous trading day's close of $62.20.

ONEOK, Inc. operates as a diversified energy company in the United States. ONEOK has a market cap of $13.0 billion and is part of the utilities industry. Shares are up 0.0% year-to-date as of the close of trading on Monday. Currently there are 5 analysts who rate ONEOK a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates ONEOK as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, deteriorating net income and poor profit margins. Get the full ONEOK 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, Calpine ( CPN) is up $0.20 (0.9%) to $22.18 on light volume. Thus far, 811,915 shares of Calpine exchanged hands as compared to its average daily volume of 3.5 million shares. The stock has ranged in price between $21.99-$22.31 after having opened the day at $22.01 as compared to the previous trading day's close of $21.98.

Calpine Corporation, a wholesale power generation company, owns and operates natural gas-fired and geothermal power plants in North America. It operates natural gas-fired combustion turbines and renewable geothermal conventional steam turbines. Calpine has a market cap of $9.4 billion and is part of the utilities industry. Shares are up 12.7% year-to-date as of the close of trading on Monday. Currently there are 6 analysts who rate Calpine a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Calpine as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations, notable return on equity, impressive record of earnings per share growth and compelling growth in net income. 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 Calpine 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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