3 Utilities Stocks Moving The 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 37 points (0.2%) at 17,115 as of Thursday, Sept. 4, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,639 issues advancing vs. 1,333 declining with 167 unchanged.

The Utilities sector currently is unchanged today versus the S&P 500, which is up 0.2%. A company within the sector that increased today was AES Corporation ( AES), up 0.6%. On the negative front, top decliners within the sector include Centrais Eletricas Brasileiras ( EBR.B), down 1.3%, and American Electric Power ( AEP), down 0.7%.

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

3. Energy Company of Parana ( ELP) is one of the companies pushing the Utilities sector higher today. As of noon trading, Energy Company of Parana is up $0.20 (1.1%) to $18.11 on light volume. Thus far, 119,153 shares of Energy Company of Parana exchanged hands as compared to its average daily volume of 564,900 shares. The stock has ranged in price between $17.90-$18.20 after having opened the day at $17.93 as compared to the previous trading day's close of $17.91.

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

Companhia Paranaense de Energia - COPEL is engaged in the generation, transmission, distribution, and sale of electricity to industrial, residential, commercial, and rural customers primarily in the State of Parana, Brazil. Energy Company of Parana has a market cap of $4.9 billion and is part of the utilities industry. Shares are up 36.3% year-to-date as of the close of trading on Wednesday. Currently there are no analysts who rate Energy Company of Parana a buy, 2 analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Energy Company of Parana as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, attractive valuation levels and growth in earnings per share. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Energy Company of Parana 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 Water Works ( AWK) is up $0.27 (0.5%) to $50.56 on light volume. Thus far, 204,453 shares of American Water Works exchanged hands as compared to its average daily volume of 587,600 shares. The stock has ranged in price between $50.08-$50.56 after having opened the day at $50.32 as compared to the previous trading day's close of $50.29.

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

American Water Works Company, Inc., through its subsidiaries, provides water and wastewater services in the United States and Canada. The company's Regulated Businesses segment offers water and wastewater services to approximately 1,500 communities in 16 states. American Water Works has a market cap of $9.0 billion and is part of the utilities industry. Shares are up 19.0% year-to-date as of the close of trading on Wednesday. Currently there are 12 analysts who rate American Water Works a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates American Water Works as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, expanding profit margins, increase in stock price during the past year 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 American Water Works 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 $0.62 (0.9%) to $70.28 on average volume. Thus far, 1.3 million shares of Dominion Resources exchanged hands as compared to its average daily volume of 2.4 million shares. The stock has ranged in price between $69.50-$70.32 after having opened the day at $69.70 as compared to the previous trading day's close of $69.66.

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 $40.5 billion and is part of the utilities industry. Shares are up 7.7% year-to-date as of the close of trading on Wednesday. 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).

null

More from Markets

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%