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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 79 points (-0.5%) at 16,635 as of Friday, Aug. 15, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,072 issues advancing vs. 1,895 declining with 174 unchanged.

The Utilities sector currently sits up 0.1% versus the S&P 500, which is down 0.3%. Top gainers within the sector include Centrais Eletricas Brasileiras ( EBR), up 4.1%, Centrais Eletricas Brasileiras ( EBR.B), up 3.2%, CPFL Energy ( CPL), up 2.3%, American Water Works ( AWK), up 1.5% and ONEOK ( OKE), up 1.1%.

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

3. FirstEnergy ( FE) is one of the companies pushing the Utilities sector higher today. As of noon trading, FirstEnergy is up $0.27 (0.8%) to $32.99 on light volume. Thus far, 1.1 million shares of FirstEnergy exchanged hands as compared to its average daily volume of 3.8 million shares. The stock has ranged in price between $32.68-$33.11 after having opened the day at $32.73 as compared to the previous trading day's close of $32.72.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

FirstEnergy Corp., a diversified energy company, generates, transmits, and distributes electricity in the United States. The company operates through Regulated Distribution, Regulated Transmission, and Competitive Energy Services segments. FirstEnergy has a market cap of $13.6 billion and is part of the utilities industry. Shares are down 1.7% year-to-date as of the close of trading on Thursday. Currently there are 3 analysts who rate FirstEnergy a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates FirstEnergy as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, good cash flow from operations and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, generally higher debt management risk and poor profit margins. Get the full FirstEnergy Ratings Report now.

STOCKS TO BUY: 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, American Electric Power ( AEP) is up $0.30 (0.6%) to $51.44 on average volume. Thus far, 1.3 million shares of American Electric Power exchanged hands as compared to its average daily volume of 2.6 million shares. The stock has ranged in price between $51.14-$51.62 after having opened the day at $51.16 as compared to the previous trading day's close of $51.14.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

American Electric Power Company, Inc., a public utility holding company, is engaged in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers. American Electric Power has a market cap of $24.8 billion and is part of the utilities industry. Shares are up 8.6% year-to-date as of the close of trading on Thursday. Currently there are 6 analysts who rate American Electric Power a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates American Electric Power as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, impressive record of earnings per share growth, good cash flow from operations and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full American Electric Power Ratings Report now.

STOCKS TO BUY: 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, Dominion Resources ( D) is up $0.59 (0.9%) to $68.88 on average volume. Thus far, 1.2 million shares of Dominion Resources exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $68.48-$69.35 after having opened the day at $68.56 as compared to the previous trading day's close of $68.29.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Dominion Resources, Inc., together with its subsidiaries, engages in producing and transporting energy in the United States. The company operates through three segments: Dominion Virginia Power (DVP), Dominion Generation, and Dominion Energy. Dominion Resources has a market cap of $39.5 billion and is part of the utilities industry. Shares are up 4.8% year-to-date as of the close of trading on Thursday. Currently there are 6 analysts who rate Dominion Resources a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Dominion Resources as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, notable return on equity 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 Dominion Resources Ratings Report now.

STOCKS TO BUY: 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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