All three major indices are trading up today with the Dow Jones Industrial Average (^DJI) trading up 104 points (0.6%) at 18,145 as of Wednesday, May 27, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,945 issues advancing vs. 1,035 declining with 155 unchanged.
The Utilities sector currently sits up 0.2% versus the S&P 500, which is up 0.6%. Top gainers within the sector include Centrais Eletricas Brasileiras ( EBR.B), up 5.1%,Western Gas Equity Partners ( WGP), up 1.6%, Huaneng Power International ( HNP), up 1.4%, Entergy ( ETR), up 1.0% and TransCanada ( TRP), up 0.6%.
TheStreet would like to highlight 3 stocks pushing the sector higher today:
3. NextEra Energy ( NEE) is one of the companies pushing the Utilities sector higher today. As of noon trading, NextEra Energy is up $0.82 (0.8%) to $101.08 on light volume. Thus far, 734,989 shares of NextEra Energy exchanged hands as compared to its average daily volume of 2.2 million shares. The stock has ranged in price between $100.31-$101.40 after having opened the day at $100.50 as compared to the previous trading day’s close of $100.26.
NextEra Energy, Inc., through its subsidiaries, generates, transmits, and distributes electric energy in the United States and Canada. The company generates electricity from gas, oil, solar, coal, petroleum coke, nuclear, and wind sources. NextEra Energy has a market cap of $45.4 billion and is part of the utilities industry. Shares are down 5.0% year-to-date as of the close of trading on Tuesday. Currently there are 12 analysts who rate NextEra Energy a buy, no analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates NextEra Energy as a buy. The company’s strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, expanding profit margins, good cash flow from operations 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.