3 Utilities Stocks Pushing The Sector Higher

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 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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