3 Stocks Boosting The Utilities Sector Higher

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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 66 points (-0.4%) at 16,378 as of Thursday, Aug. 7, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,344 issues advancing vs. 1,660 declining with 123 unchanged.

The Utilities sector currently sits up 0.1% versus the S&P 500, which is down 0.5%. Top gainers within the sector include NextEra Energy ( NEE), up 1.4%, PPL ( PPL), up 1.1%, Public Service Enterprise Group ( PEG), up 0.9%, Exelon ( EXC), up 0.8% and American Electric Power ( AEP), up 0.8%. On the negative front, top decliners within the sector include EQT ( EQT), down 1.4%, Empresa Nacional de Electricidad ( EOC), down 0.9% and Korea Electric Power ( KEP), down 0.6%.

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

3. DTE Energy ( DTE) is one of the companies pushing the Utilities sector higher today. As of noon trading, DTE Energy is up $0.68 (0.9%) to $72.75 on heavy volume. Thus far, 788,393 shares of DTE Energy exchanged hands as compared to its average daily volume of 923,600 shares. The stock has ranged in price between $72.51-$73.57 after having opened the day at $72.51 as compared to the previous trading day's close of $72.07.

DTE Energy Company, together with its subsidiaries, operates as an energy company. DTE Energy has a market cap of $12.8 billion and is part of the utilities industry. Shares are up 8.6% year-to-date as of the close of trading on Wednesday. Currently there are 3 analysts who rate DTE Energy a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates DTE Energy as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income, reasonable valuation levels, notable return on equity and growth in earnings per share. 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 DTE Energy Ratings Report now.

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