The Globe and Mail attempts to identify well valued Canadian utilities stocks that may be poised for intermediate-term price appreciation in its Friday, May 15, edition. The Globe's Peter Ashton writes in the Number Cruncher column that health care, consumer discretionary, consumer staples and utilities are below their 50-day simple moving averages (SMA). Of these underperforming sectors, the utilities sector is currently sitting the furthest below its 50-day SMA. Reversion to mean trading strategies would suggest that the utilities may outperform other sectors in the intermediate term. Mr. Ashton's picks have a minimum market cap threshold of $1-billion. He screened for stocks with dividend yields of at least 2.5 per cent. He stayed away from companies with excessive debt. He focused on companies with debt-to-equity ratios of 1.5 or less. Finally, Mr. Ashton screened for companies with reasonable forward price-to-earnings ratios based on analyst estimates. He selected only companies with forward price-to-earnings ratios of 30 or less. Capital Power is at the top of Mr. Ashton's list, followed by Canadian Utilities, TransAlta Renewables, Emera, Fortis and Algonquin Power & Utilities.