3 Stocks Improving Performance Of The Utilities Sector

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 4 points (0.0%) at 18,344 as of Wednesday, July 13, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,211 issues advancing vs. 1,725 declining with 124 unchanged.

The Utilities sector currently is unchanged today versus the S&P 500, which is down 0.2%. A company within the sector that increased today was Consolidated Edison ( ED), up 0.7%. On the negative front, top decliners within the sector include Targa Resources ( TRGP), down 4.5%, EQT ( EQT), down 3.4% and ONEOK ( OKE), down 2.2%.

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

3. Xcel Energy ( XEL) is one of the companies pushing the Utilities sector higher today. As of noon trading, Xcel Energy is up $0.42 (1.0%) to $43.92 on average volume. Thus far, 1.8 million shares of Xcel Energy exchanged hands as compared to its average daily volume of 3.3 million shares. The stock has ranged in price between $43.69-$44.08 after having opened the day at $43.73 as compared to the previous trading day's close of $43.50.

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Xcel Energy Inc., through its subsidiaries, engages primarily in the generation, purchase, transmission, distribution, and sale of electricity in the United States. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. Xcel Energy has a market cap of $22.6 billion and is part of the utilities industry. Shares are up 21.1% year-to-date as of the close of trading on Tuesday. Currently there are 3 analysts who rate Xcel Energy a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates Xcel Energy as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, impressive record of earnings per share growth, notable return on equity and reasonable valuation levels. 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 Xcel Energy Ratings Report now.

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2. As of noon trading, Public Service Enterprise Group ( PEG) is up $0.37 (0.8%) to $45.81 on average volume. Thus far, 1.2 million shares of Public Service Enterprise Group exchanged hands as compared to its average daily volume of 3.1 million shares. The stock has ranged in price between $45.55-$46.00 after having opened the day at $45.93 as compared to the previous trading day's close of $45.44.

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Public Service Enterprise Group Incorporated, through its subsidiaries, operates as an energy company primarily in the Northeastern and Mid- Atlantic United States. Public Service Enterprise Group has a market cap of $23.3 billion and is part of the utilities industry. Shares are up 17.4% year-to-date as of the close of trading on Tuesday. Currently there is 1 analyst who rates Public Service Enterprise Group a buy, 2 analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Public Service Enterprise Group as a buy. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, solid stock price performance, 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 sub par growth in net income. Get the full Public Service Enterprise Group Ratings Report now.

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1. As of noon trading, PG&E ( PCG) is up $0.52 (0.8%) to $64.22 on light volume. Thus far, 879,732 shares of PG&E exchanged hands as compared to its average daily volume of 2.6 million shares. The stock has ranged in price between $63.89-$64.35 after having opened the day at $64.18 as compared to the previous trading day's close of $63.70.

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PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, transmits, delivers, and sells electricity and natural gas to residential, commercial, industrial, and agricultural customers primarily in northern and central California. PG&E has a market cap of $32.2 billion and is part of the utilities industry. Shares are up 19.8% year-to-date as of the close of trading on Tuesday. Currently there are 8 analysts who rate PG&E a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates PG&E as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, solid stock price performance 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 PG&E 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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