3 Utilities Stocks Moving The Sector Upward

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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.

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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.

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