3 Utilities Stocks Pushing The Sector Higher

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All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 34 points (0.2%) at 16,464 as of Wednesday, Aug. 6, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,014 issues advancing vs. 970 declining with 140 unchanged.

The Utilities sector currently sits down 0.1% versus the S&P 500, which is up 0.4%. On the negative front, top decliners within the sector include Calpine ( CPN), down 2.4%, ONEOK ( OKE), down 1.9%, Edison International ( EIX), down 1.8%, Xcel Energy ( XEL), down 1.5% and Duke Energy Corporation ( DUK), down 1.4%.

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

3. Huaneng Power International ( HNP) is one of the companies pushing the Utilities sector higher today. As of noon trading, Huaneng Power International is up $0.46 (1.0%) to $45.55 on heavy volume. Thus far, 236,665 shares of Huaneng Power International exchanged hands as compared to its average daily volume of 50,900 shares. The stock has ranged in price between $45.12-$45.58 after having opened the day at $45.14 as compared to the previous trading day's close of $45.09.

Huaneng Power International, Inc., an independent power producer, generates and sells electricity and heat to the regional or provincial grid companies in the People's Republic of China and Singapore. Huaneng Power International has a market cap of $16.0 billion and is part of the utilities industry. Shares are up 25.8% year-to-date as of the close of trading on Tuesday. Currently there are 2 analysts who rate Huaneng Power International a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Huaneng Power International as a sell. Among the areas we feel are negative, one of the most important has been very high debt management risk by most measures. Get the full Huaneng Power International Ratings Report now.

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2. As of noon trading, Korea Electric Power ( KEP) is up $0.54 (2.6%) to $21.18 on average volume. Thus far, 76,135 shares of Korea Electric Power exchanged hands as compared to its average daily volume of 186,500 shares. The stock has ranged in price between $20.90-$21.21 after having opened the day at $21.07 as compared to the previous trading day's close of $20.64.

Korea Electric Power Corporation, an integrated electric utility company, generates, transmits, and distributes electricity in Korea. Korea Electric Power has a market cap of $25.7 billion and is part of the utilities industry. Shares are up 24.3% year-to-date as of the close of trading on Tuesday. Currently there is 1 analyst who rates Korea Electric Power a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Korea Electric Power as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and poor profit margins. Get the full Korea Electric Power Ratings Report now.

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1. As of noon trading, Praxair ( PX) is up $1.02 (0.8%) to $128.07 on average volume. Thus far, 499,330 shares of Praxair exchanged hands as compared to its average daily volume of 844,700 shares. The stock has ranged in price between $126.98-$128.26 after having opened the day at $127.32 as compared to the previous trading day's close of $127.05.

Praxair, Inc. produces, sells, and distributes atmospheric, process, and specialty gases, as well as surface coatings in North America, Europe, South America, and Asia. Praxair has a market cap of $37.6 billion and is part of the chemicals industry. Shares are down 0.9% year-to-date as of the close of trading on Tuesday. Currently there are 9 analysts who rate Praxair a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates Praxair as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, 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 generally high debt management risk by most measures that we evaluated. Get the full Praxair Ratings Report now.

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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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