3 Stocks Pushing The Utilities 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 60 points (0.4%) at 16,603 as of Friday, May 23, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,002 issues advancing vs. 938 declining with 179 unchanged.

The Utilities sector currently sits up 0.5% versus the S&P 500, which is up 0.3%. Top gainers within the sector include AES Corporation ( AES), up 1.1%, Huaneng Power International ( HNP), up 1.0%, Enersis ( ENI), up 0.9%, ONEOK ( OKE), up 0.9% and Calpine ( CPN), up 0.9%.

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

3. Energy Company of Minas Gerais ( CIG) is one of the companies pushing the Utilities sector higher today. As of noon trading, Energy Company of Minas Gerais is up $0.13 (1.7%) to $7.63 on light volume. Thus far, 1.5 million shares of Energy Company of Minas Gerais exchanged hands as compared to its average daily volume of 5.8 million shares. The stock has ranged in price between $7.43-$7.63 after having opened the day at $7.51 as compared to the previous trading day's close of $7.50.

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 $6.4 billion and is part of the utilities industry. Shares are down 3.7% 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, 1 analyst rates it a sell, and 2 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.

2. As of noon trading, Sempra Energy ( SRE) is up $0.82 (0.8%) to $99.32 on light volume. Thus far, 339,563 shares of Sempra Energy exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $98.18-$99.47 after having opened the day at $98.50 as compared to the previous trading day's close of $98.50.

Sempra Energy, through its subsidiaries, operates as an energy services company. The company's San Diego Gas & Electric Company segment generates, transmits, and distributes electricity; and distributes, transmits, and stores natural gas in California. Sempra Energy has a market cap of $24.1 billion and is part of the utilities industry. Shares are up 9.7% year-to-date as of the close of trading on Thursday. Currently there are 8 analysts who rate Sempra Energy a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Sempra Energy 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, solid stock price performance and good cash flow from operations. 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 Sempra Energy 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, Exelon ( EXC) is up $0.17 (0.5%) to $34.37 on light volume. Thus far, 2.6 million shares of Exelon exchanged hands as compared to its average daily volume of 7.1 million shares. The stock has ranged in price between $34.04-$34.43 after having opened the day at $34.07 as compared to the previous trading day's close of $34.20.

Exelon Corporation, a utility services holding company, is engaged in the energy generation business in the United States. It operates through nine segments: Mid-Atlantic, Midwest, New England, New York, ERCOT, Other Regions, ComEd, PECO, and BGE. Exelon has a market cap of $29.1 billion and is part of the utilities industry. Shares are up 24.9% year-to-date as of the close of trading on Thursday. Currently there is 1 analyst who rates Exelon a buy, 2 analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Exelon 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, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Exelon 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).

null

More from Markets

OPEC Reaches Output Deal, But Won't Put Figure on Extra Barrels in Market

OPEC Reaches Output Deal, But Won't Put Figure on Extra Barrels in Market

Video: Stock Investors Shouldn't Fret About Oil Prices in the $60s

Video: Stock Investors Shouldn't Fret About Oil Prices in the $60s

Who Is Right: AT&T's CEO or People Obsessed With Netflix Stock?

Who Is Right: AT&T's CEO or People Obsessed With Netflix Stock?

Comcast's Brian Roberts vs. Disney's Bob Iger: Which Titan Will Nab Fox?

Comcast's Brian Roberts vs. Disney's Bob Iger: Which Titan Will Nab Fox?

Dow Set to Snap 8-Day Losing Streak as Stocks Recover, But Trade War Lingers

Dow Set to Snap 8-Day Losing Streak as Stocks Recover, But Trade War Lingers