3 Stocks Raising 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 55 points (0.3%) at 16,661 as of Tuesday, May 27, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,943 issues advancing vs. 1,024 declining with 173 unchanged.

The Utilities sector currently sits up 0.3% versus the S&P 500, which is up 0.5%. A company within the sector that increased today was Exelon ( EXC), up 4.1%. On the negative front, top decliners within the sector include Energy Company of Minas Gerais ( CIG), down 5.7%, and Huaneng Power International ( HNP), down 3.5%.

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

3. American Electric Power ( AEP) is one of the companies pushing the Utilities sector higher today. As of noon trading, American Electric Power is up $1.24 (2.4%) to $52.64 on heavy volume. Thus far, 2.9 million shares of American Electric Power exchanged hands as compared to its average daily volume of 3.0 million shares. The stock has ranged in price between $52.04-$52.92 after having opened the day at $52.13 as compared to the previous trading day's close of $51.41.

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 $25.1 billion and is part of the utilities industry. Shares are up 10.0% year-to-date as of the close of trading on Friday. Currently there are 8 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.

2. As of noon trading, PPL ( PPL) is up $0.96 (2.9%) to $34.34 on heavy volume. Thus far, 4.5 million shares of PPL exchanged hands as compared to its average daily volume of 5.0 million shares. The stock has ranged in price between $33.95-$34.46 after having opened the day at $34.01 as compared to the previous trading day's close of $33.38.

PPL Corporation, an energy and utility holding company, generates, transmits, distributes, and sells electricity to wholesale and retail customers in the Pennsylvania, Kentucky, Virginia, Tennessee, and the United Kingdom. The company operates in four segments: Kentucky Regulated, U.K. PPL has a market cap of $21.1 billion and is part of the utilities industry. Shares are up 10.9% year-to-date as of the close of trading on Friday. Currently there are 4 analysts who rate PPL a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates PPL as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, 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 sub par growth in net income. Get the full PPL 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, NextEra Energy ( NEE) is up $0.52 (0.5%) to $96.98 on light volume. Thus far, 713,956 shares of NextEra Energy exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $96.92-$97.69 after having opened the day at $97.25 as compared to the previous trading day's close of $96.46.

NextEra Energy, Inc., through its subsidiaries, generates, transmits, distributes, and sells electric energy in the United States and Canada. The company generates electricity from gas, oil, solar, coal, petroleum coke, and nuclear sources. NextEra Energy has a market cap of $42.1 billion and is part of the utilities industry. Shares are up 12.7% year-to-date as of the close of trading on Friday. Currently there are 10 analysts who rate NextEra Energy a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates NextEra Energy as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, compelling growth in net income, impressive record of earnings per share growth and notable return on equity. 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 NextEra 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.

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

Stocks Waver Amid Progress on U.S.-China Trade; Dow Slips

Stocks Waver Amid Progress on U.S.-China Trade; Dow Slips

Jim Cramer: Schlumberger Predicted the Rise in Oil Prices

Jim Cramer: Schlumberger Predicted the Rise in Oil Prices

Jim Cramer on Zillow's New Business: Buying and Selling Homes

Jim Cramer on Zillow's New Business: Buying and Selling Homes

Jim Cramer on the Markets: It's Natural to Have Some Profit Taking

Jim Cramer on the Markets: It's Natural to Have Some Profit Taking

Video: As Trade Worries Subside, Expect a 'Relief Rally' in Stocks

Video: As Trade Worries Subside, Expect a 'Relief Rally' in Stocks