3 Utilities Stocks Pushing The Sector Higher

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All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 26 points (-0.1%) at 17,879 as of Friday, June 5, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,219 issues advancing vs. 1,787 declining with 146 unchanged.

The Utilities sector currently sits down 0.8% versus the S&P 500, which is down 0.2%. Top gainers within the sector include Huaneng Power International ( HNP), up 1.0%, and Korea Electric Power ( KEP), up 0.7%. On the negative front, top decliners within the sector include DTE Energy ( DTE), down 2.0%, Consolidated Edison ( ED), down 1.8%, Edison International ( EIX), down 1.7%, NextEra Energy ( NEE), down 1.7% and Duke Energy Corporation ( DUK), down 1.4%.

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

3. Energy Company of Minas Gerais ( CIG) is one of the companies pushing the Utilities sector higher today. As of noon trading, Energy Company of Minas Gerais is up $0.12 (2.7%) to $4.51 on average volume. Thus far, 1.7 million shares of Energy Company of Minas Gerais exchanged hands as compared to its average daily volume of 3.7 million shares. The stock has ranged in price between $4.35-$4.52 after having opened the day at $4.38 as compared to the previous trading day's close of $4.39.

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Companhia Energetica de Minas Gerais S.A. - CEMIG, through its subsidiaries, engages in the generation, transformation, transmission, distribution, and sale of electric energy primarily in Minas Gerais, Brazil. Energy Company of Minas Gerais has a market cap of $5.6 billion and is part of the utilities industry. Shares are down 11.7% year-to-date as of the close of trading on Thursday. Currently there are no analysts who rate Energy Company of Minas Gerais a buy, 1 analyst rates it a sell, and none rate it a hold.

TheStreet Ratings rates Energy Company of Minas Gerais as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, generally high debt management risk, generally disappointing historical performance in the stock itself and poor profit margins. Get the full Energy Company of Minas Gerais Ratings Report now.

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2. As of noon trading, Targa Resources ( TRGP) is up $2.30 (2.6%) to $90.39 on average volume. Thus far, 429,284 shares of Targa Resources exchanged hands as compared to its average daily volume of 701,400 shares. The stock has ranged in price between $87.09-$90.67 after having opened the day at $87.83 as compared to the previous trading day's close of $88.09.

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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 $5.1 billion and is part of the energy industry. Shares are down 16.9% year-to-date as of the close of trading on Thursday. Currently there are 6 analysts who rate Targa Resources a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Targa Resources as a buy. The company's strongest point has been its expanding profit margins. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Targa Resources Ratings Report now.

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1. As of noon trading, EQT ( EQT) is up $0.64 (0.8%) to $84.62 on light volume. Thus far, 405,926 shares of EQT exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $83.27-$85.51 after having opened the day at $83.34 as compared to the previous trading day's close of $83.98.

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EQT Corporation, together with its subsidiaries, operates as a natural gas company in the United States. It operates in two segments, EQT Production and EQT Midstream. EQT has a market cap of $13.0 billion and is part of the energy industry. Shares are up 10.9% year-to-date as of the close of trading on Thursday. Currently there are 11 analysts who rate EQT a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates EQT 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 and expanding profit margins. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full EQT Ratings Report now.

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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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