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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