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.

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 27 points (0.2%) at 17,793 as of Tuesday, June 9, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,256 issues advancing vs. 1,750 declining with 142 unchanged.

The Utilities sector currently is unchanged today versus the S&P 500, which is up 0.1%. Top gainers within the sector include EQT ( EQT), up 3.2%, Calpine ( CPN), up 1.4%, Brookfield Renewable Energy Partners ( BEP), up 1.4%, TransCanada ( TRP), up 0.8% and Sempra Energy ( SRE), up 0.5%. On the negative front, top decliners within the sector include CPFL Energy ( CPL), down 1.8%, Huaneng Power International ( HNP), down 1.5% and Consolidated Edison ( ED), down 1.1%.

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 $0.34 (3.3%) to $10.78 on average volume. Thus far, 460,235 shares of Energy Company of Parana exchanged hands as compared to its average daily volume of 667,800 shares. The stock has ranged in price between $10.64-$10.83 after having opened the day at $10.70 as compared to the previous trading day's close of $10.44.

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Companhia Paranaense de Energia - COPEL engages in the generation, transmission, distribution, and sale of electricity to industrial, residential, commercial, rural, and other customers primarily in the State of Parana, Brazil. Energy Company of Parana has a market cap of $2.8 billion and is part of the utilities industry. Shares are down 20.7% year-to-date as of the close of trading on Monday. Currently there is 1 analyst who rates Energy Company of Parana a buy, 1 analyst rates it a sell, and none rate it a hold.

TheStreet Ratings rates Energy Company of Parana as a hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. Get the full Energy Company of Parana Ratings Report now.

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2. As of noon trading, AES Corporation ( AES) is up $0.20 (1.5%) to $13.28 on light volume. Thus far, 2.3 million shares of AES Corporation exchanged hands as compared to its average daily volume of 6.2 million shares. The stock has ranged in price between $13.06-$13.35 after having opened the day at $13.09 as compared to the previous trading day's close of $13.08.

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The AES Corporation operates as a diversified power generation and utility company. It owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries. AES Corporation has a market cap of $9.2 billion and is part of the utilities industry. Shares are down 4.5% year-to-date as of the close of trading on Monday. Currently there are 7 analysts who rate AES Corporation a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates AES Corporation as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and notable return on equity. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, poor profit margins and a generally disappointing performance in the stock itself. Get the full AES Corporation Ratings Report now.

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1. As of noon trading, American Electric Power ( AEP) is up $0.29 (0.5%) to $53.75 on average volume. Thus far, 1.4 million shares of American Electric Power exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $53.25-$53.92 after having opened the day at $53.40 as compared to the previous trading day's close of $53.46.

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American Electric Power Company, Inc., a public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers. American Electric Power has a market cap of $26.2 billion and is part of the utilities industry. Shares are down 12.0% year-to-date as of the close of trading on Monday. Currently there are 8 analysts who rate American Electric Power a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates American Electric Power as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, good cash flow from operations, attractive valuation levels and increase in net income. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full American Electric Power 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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