Utilities Stocks On The Rise With Help From 3 Stocks

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 21 points (0.1%) at 16,839 as of Wednesday, June 25, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,709 issues advancing vs. 1,282 declining with 166 unchanged.

The Utilities sector currently sits up 0.3% versus the S&P 500, which is up 0.2%. Top gainers within the sector include Centrais Eletricas Brasileiras ( EBR.B), up 2.6%, CPFL Energy ( CPL), up 2.4%, Empresa Nacional de Electricidad ( EOC), up 1.8%, ONEOK ( OKE), up 1.2% and Enersis ( ENI), up 1.0%.

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

3. Southern ( SO) is one of the companies pushing the Utilities sector higher today. As of noon trading, Southern is up $0.46 (1.0%) to $44.65 on average volume. Thus far, 2.2 million shares of Southern exchanged hands as compared to its average daily volume of 4.6 million shares. The stock has ranged in price between $44.22-$44.69 after having opened the day at $44.22 as compared to the previous trading day's close of $44.19.

The Southern Company, together with its subsidiaries, operates as a public electric utility company. Southern has a market cap of $39.4 billion and is part of the utilities industry. Shares are up 7.5% year-to-date as of the close of trading on Tuesday. Currently there is 1 analyst who rates Southern a buy, 2 analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Southern as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, increase in net income and growth in earnings per share. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Southern 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, Duke Energy Corporation ( DUK) is up $0.67 (0.9%) to $73.03 on average volume. Thus far, 1.3 million shares of Duke Energy Corporation exchanged hands as compared to its average daily volume of 2.8 million shares. The stock has ranged in price between $72.12-$73.10 after having opened the day at $72.22 as compared to the previous trading day's close of $72.36.

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States and Latin America. It operates through three segments: Regulated Utilities, International Energy, and Commercial Power. Duke Energy Corporation has a market cap of $51.1 billion and is part of the utilities industry. Shares are up 4.8% year-to-date as of the close of trading on Tuesday. Currently there are 6 analysts who rate Duke Energy Corporation a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Duke Energy Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, 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 Duke Energy Corporation 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 $0.70 (0.7%) to $101.42 on average volume. Thus far, 1.2 million 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 $100.27-$101.79 after having opened the day at $100.45 as compared to the previous trading day's close of $100.73.

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 $43.6 billion and is part of the utilities industry. Shares are up 17.6% year-to-date as of the close of trading on Tuesday. 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).

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