3 Utilities Stocks Driving 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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 0 points (0.0%) at 18,120 as of Tuesday, June 23, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,606 issues advancing vs. 1,375 declining with 175 unchanged.

The Utilities sector currently sits down 0.7% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the sector include American Electric Power ( AEP), down 1.7%, PPL ( PPL), down 1.6%, NiSource ( NI), down 1.6%, Xcel Energy ( XEL), down 1.5% and PG&E ( PCG), down 1.5%.

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

3. TransCanada ( TRP) is one of the companies pushing the Utilities sector higher today. As of noon trading, TransCanada is up $0.55 (1.3%) to $43.28 on average volume. Thus far, 427,024 shares of TransCanada exchanged hands as compared to its average daily volume of 932,300 shares. The stock has ranged in price between $42.61-$43.29 after having opened the day at $42.77 as compared to the previous trading day's close of $42.73.

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TransCanada Corporation operates as an energy infrastructure company in North America. The company operates in three segments: Natural Gas Pipelines, Liquids Pipelines, and Energy. TransCanada has a market cap of $29.9 billion and is part of the energy industry. Shares are down 13.0% year-to-date as of the close of trading on Monday. Currently there are 2 analysts who rate TransCanada a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates TransCanada as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins and notable return on equity. 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 TransCanada Ratings Report now.

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2. As of noon trading, Targa Resources ( TRGP) is up $2.25 (2.4%) to $94.83 on average volume. Thus far, 377,054 shares of Targa Resources exchanged hands as compared to its average daily volume of 657,000 shares. The stock has ranged in price between $92.11-$94.85 after having opened the day at $92.80 as compared to the previous trading day's close of $92.58.

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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 $5.0 billion and is part of the energy industry. Shares are down 12.7% year-to-date as of the close of trading on Monday. 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 $1.43 (1.7%) to $83.61 on average volume. Thus far, 646,028 shares of EQT exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $81.86-$83.64 after having opened the day at $82.31 as compared to the previous trading day's close of $82.18.

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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 $12.5 billion and is part of the energy industry. Shares are up 8.6% year-to-date as of the close of trading on Monday. Currently there are 10 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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