3 Stocks Raising The Utilities 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 57 points (-0.3%) at 17,793 as of Monday, June 8, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,037 issues advancing vs. 1,919 declining with 182 unchanged.

The Utilities sector currently sits down 0.1% versus the S&P 500, which is down 0.3%. Top gainers within the sector include Centrais Eletricas Brasileiras ( EBR), up 3.4%, and Centrais Eletricas Brasileiras ( EBR.B), up 2.3%. On the negative front, top decliners within the sector include PPL ( PPL), down 1.0%, EQT ( EQT), down 0.8% and PG&E ( PCG), down 0.6%.

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

3. Huaneng Power International ( HNP) is one of the companies pushing the Utilities sector higher today. As of noon trading, Huaneng Power International is up $1.36 (2.5%) to $55.12 on light volume. Thus far, 20,079 shares of Huaneng Power International exchanged hands as compared to its average daily volume of 74,800 shares. The stock has ranged in price between $54.92-$55.15 after having opened the day at $54.98 as compared to the previous trading day's close of $53.75.

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Huaneng Power International, Inc., an independent power producer, generates and sells electricity and heat to the regional or provincial grid companies in the People's Republic of China and Singapore. Huaneng Power International has a market cap of $19.2 billion and is part of the utilities industry. Shares are down 0.8% year-to-date as of the close of trading on Friday. Currently there is 1 analyst who rates Huaneng Power International a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Huaneng Power International as a sell. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk, weak operating cash flow and unimpressive growth in net income. Get the full Huaneng Power International Ratings Report now.

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2. As of noon trading, CPFL Energy ( CPL) is up $0.26 (2.1%) to $12.56 on light volume. Thus far, 136,337 shares of CPFL Energy exchanged hands as compared to its average daily volume of 375,600 shares. The stock has ranged in price between $12.28-$12.58 after having opened the day at $12.42 as compared to the previous trading day's close of $12.30.

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CPFL Energia S.A., together with its subsidiaries, generates, distributes, and sells electricity to industrial, residential, commercial, rural, and other consumers in Brazil. The company generates electricity through hydroelectric, thermoelectric, biomass, solar energy, and wind power plants. CPFL Energy has a market cap of $6.1 billion and is part of the utilities industry. Shares are down 9.4% year-to-date as of the close of trading on Friday. Currently there is 1 analyst who rates CPFL Energy a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates CPFL Energy as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and unimpressive growth in net income. Get the full CPFL Energy Ratings Report now.

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1. As of noon trading, Consolidated Edison ( ED) is up $0.51 (0.9%) to $59.12 on average volume. Thus far, 1.0 million shares of Consolidated Edison exchanged hands as compared to its average daily volume of 2.2 million shares. The stock has ranged in price between $58.43-$59.20 after having opened the day at $58.90 as compared to the previous trading day's close of $58.61.

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Consolidated Edison, Inc., through its subsidiaries, engages in regulated electric, gas, and steam delivery businesses in the United States. Consolidated Edison has a market cap of $17.5 billion and is part of the utilities industry. Shares are down 11.2% year-to-date as of the close of trading on Friday. Currently there is 1 analyst who rates Consolidated Edison a buy, 4 analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Consolidated Edison as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, increase in net income, attractive valuation levels, good cash flow from operations and growth in earnings per share. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Consolidated Edison 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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