3 Utilities Stocks Pushing Sector Growth

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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 61 points (0.3%) at 18,072 as of Monday, June 1, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,805 issues advancing vs. 1,201 declining with 153 unchanged.

The Utilities sector currently sits up 0.1% versus the S&P 500, which is up 0.3%. Top gainers within the sector include Centrais Eletricas Brasileiras ( EBR), up 6.0%, Centrais Eletricas Brasileiras ( EBR.B), up 5.6% and Dominion Resources ( DCUA), up 0.7%. A company within the sector that fell today was Praxair ( PX), up 0.6%.

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

3. Public Service Enterprise Group ( PEG) is one of the companies pushing the Utilities sector higher today. As of noon trading, Public Service Enterprise Group is up $0.35 (0.8%) to $42.98 on average volume. Thus far, 1.1 million shares of Public Service Enterprise Group exchanged hands as compared to its average daily volume of 3.0 million shares. The stock has ranged in price between $42.53-$43.00 after having opened the day at $42.77 as compared to the previous trading day's close of $42.63.

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Public Service Enterprise Group Incorporated, through its subsidiaries, operates as an energy company primarily in the northeastern and Mid Atlantic United States. Public Service Enterprise Group has a market cap of $21.8 billion and is part of the utilities industry. Shares are up 3.0% year-to-date as of the close of trading on Friday. Currently there are 4 analysts who rate Public Service Enterprise Group a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates Public Service Enterprise Group as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, attractive valuation levels, expanding profit margins and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Public Service Enterprise Group Ratings Report now.

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