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 28 points (0.2%) at 16,953 as of Monday, June 9, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,914 issues advancing vs. 1,041 declining with 157 unchanged.

The Utilities sector currently sits up 0.1% versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the sector include Korea Electric Power ( KEP), down 1.6%, Dominion Resources ( D), down 1.2%, American Electric Power ( AEP), down 1.2%, PG&E ( PCG), down 1.2% and Public Service Enterprise Group ( PEG), down 1.2%.

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

3. CPFL Energy ( CPL) is one of the companies pushing the Utilities sector higher today. As of noon trading, CPFL Energy is up $0.74 (4.3%) to $17.91 on average volume. Thus far, 320,595 shares of CPFL Energy exchanged hands as compared to its average daily volume of 473,200 shares. The stock has ranged in price between $17.11-$17.92 after having opened the day at $17.14 as compared to the previous trading day's close of $17.17.

CPFL Energia S.A., together with its subsidiaries, generates, distributes, and commercializes electricity to industrial, residential, commercial, rural, and other consumers in Brazil. CPFL Energy has a market cap of $7.9 billion and is part of the utilities industry. Shares are up 7.2% year-to-date as of the close of trading on Friday. Currently there are 2 analysts who rate CPFL Energy a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates CPFL Energy as a hold. The company's strongest point has been its a solid financial position based on a variety of debt and liquidity measures that we have looked at. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income. Get the full CPFL Energy Ratings Report now.

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2. As of noon trading, Companhia De Saneamento Basico Do Estado De ( SBS) is up $0.28 (2.9%) to $10.05 on light volume. Thus far, 702,673 shares of Companhia De Saneamento Basico Do Estado De exchanged hands as compared to its average daily volume of 2.7 million shares. The stock has ranged in price between $9.70-$10.10 after having opened the day at $9.74 as compared to the previous trading day's close of $9.77.

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 $6.5 billion and is part of the utilities industry. Shares are down 13.8% year-to-date as of the close of trading on Friday. 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.

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, Energy Company of Minas Gerais ( CIG) is up $0.12 (1.6%) to $7.61 on light volume. Thus far, 1.4 million shares of Energy Company of Minas Gerais exchanged hands as compared to its average daily volume of 5.6 million shares. The stock has ranged in price between $7.42-$7.63 after having opened the day at $7.46 as compared to the previous trading day's close of $7.49.

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 $6.2 billion and is part of the utilities industry. Shares are down 3.9% year-to-date as of the close of trading on Friday. 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.

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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