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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 28 points (-0.2%) at 16,647 as of Wednesday, May 28, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,518 issues advancing vs. 1,472 declining with 153 unchanged.

The Utilities sector currently sits up 0.1% versus the S&P 500, which is unchanged. Top gainers within the sector include Korea Electric Power ( KEP), up 1.9%, FirstEnergy ( FE), up 1.0%, NextEra Energy ( NEE), up 0.9% and PPL ( PPL), up 0.8%. On the negative front, top decliners within the sector include Huaneng Power International ( HNP), down 1.1%, and TransCanada ( TRP), down 0.7%.

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

3. PG&E ( PCG) is one of the companies pushing the Utilities sector higher today. As of noon trading, PG&E is up $0.45 (1.0%) to $45.23 on light volume. Thus far, 1.1 million shares of PG&E exchanged hands as compared to its average daily volume of 3.2 million shares. The stock has ranged in price between $44.68-$45.28 after having opened the day at $44.75 as compared to the previous trading day's close of $44.78.

PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, transmits, delivers, and sells electricity and natural gas to customers primarily in northern and central California. It serves approximately 15 million customers. PG&E has a market cap of $20.8 billion and is part of the utilities industry. Shares are up 11.2% year-to-date as of the close of trading on Tuesday. Currently there are 6 analysts who rate PG&E a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates PG&E as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full PG&E 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 liked this article you might like

Green Energy Is Threatening to Cripple Many Utilities

Wall Street Got the Utility Sector Wrong -- 4 High-Yield Break Outs

These Four High-Yielders Are Breaking Out

Exelon Is a Great Income Buy - Here's Why

Investing Your Tax Refund Now Delivers Greater Returns