3 Stocks Moving The Utilities Sector Upward

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 57 points (0.3%) at 16,611 as of Monday, Aug. 11, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,452 issues advancing vs. 535 declining with 124 unchanged.

The Utilities sector currently sits up 0.5% versus the S&P 500, which is up 0.6%. Top gainers within the sector include CPFL Energy ( CPL), up 1.8%, and TransCanada ( TRP), up 1.2%. A company within the sector that fell today was Huaneng Power International ( HNP), up 1.0%.

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

3. Western Gas Equity Partners ( WGP) is one of the companies pushing the Utilities sector higher today. As of noon trading, Western Gas Equity Partners is up $0.70 (1.2%) to $57.30 on light volume. Thus far, 20,969 shares of Western Gas Equity Partners exchanged hands as compared to its average daily volume of 220,700 shares. The stock has ranged in price between $56.63-$57.77 after having opened the day at $56.63 as compared to the previous trading day's close of $56.60.

Western Gas Equity Partners, LP is engaged in gathering, processing, compressing, treating, and transporting natural gas, condensate, natural gas liquids, and crude oil in the United States. Western Gas Equity Partners has a market cap of $12.0 billion and is part of the energy industry. Shares are up 43.2% year-to-date as of the close of trading on Friday. Currently there are 6 analysts who rate Western Gas Equity Partners a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Western Gas Equity Partners 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 Western Gas Equity Partners Ratings Report now.

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2. As of noon trading, Companhia De Saneamento Basico Do Estado De ( SBS) is up $0.22 (2.6%) to $8.80 on average volume. Thus far, 834,249 shares of Companhia De Saneamento Basico Do Estado De exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $8.59-$8.80 after having opened the day at $8.68 as compared to the previous trading day's close of $8.58.

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 $5.9 billion and is part of the utilities industry. Shares are down 24.3% year-to-date as of the close of trading on Friday. Currently there is 1 analyst who rates Companhia De Saneamento Basico Do Estado De a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Ratings rates Companhia De Saneamento Basico Do Estado De as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, notable return on equity and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and weak operating cash flow. Get the full Companhia De Saneamento Basico Do Estado De Ratings Report now.

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1. As of noon trading, Targa Resources ( TRGP) is up $4.88 (3.7%) to $136.45 on average volume. Thus far, 192,926 shares of Targa Resources exchanged hands as compared to its average daily volume of 442,900 shares. The stock has ranged in price between $133.11-$138.76 after having opened the day at $133.32 as compared to the previous trading day's close of $131.57.

Targa Resources Corp., through its general and limited partner interests in Targa Resources Partners LP, provides midstream natural gas and natural gas liquid (NGL) services in the United States. The company operates in two divisions, Gathering and Processing, and Logistics and Marketing. Targa Resources has a market cap of $5.5 billion and is part of the energy industry. Shares are up 47.4% year-to-date as of the close of trading on Friday. Currently there are 7 analysts who rate Targa Resources a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Targa Resources as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Targa Resources 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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