5 Stocks Pushing The Utilities Sector Lower

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

All three major indices are trading up today with the Dow Jones Industrial Average (^DJI) trading up 146 points (1.1%) at 13,259 as of Tuesday, Nov. 6, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 2,070 issues advancing vs. 801 declining with 135 unchanged.

The Utilities sector currently sits up 0.2% versus the S&P 500, which is up 0.9%. On the negative front, top decliners within the sector include Atlantic Power Corporation (AT), down 9.3%, Korea Electric Power (KEP), down 2.6% and Centrais Eletricas Brasileiras (EBR.B), down 1.2%. Top gainers within the sector include Integrys Energy Group (TEG), up 2.1%, American Water Works (AWK), up 1.5% and TransCanada (TRP), up 0.6%.

TheStreet Ratings group would like to highlight 5 stocks pushing the sector lower today:

5. Entergy (ETR) is one of the companies pushing the Utilities sector lower today. As of noon trading, Entergy is down $0.81 (-1.2%) to $66.26 on heavy volume Thus far, 1.1 million shares of Entergy exchanged hands as compared to its average daily volume of 900,700 shares. The stock has ranged in price between $65.69-$67.49 after having opened the day at $67.24 as compared to the previous trading day's close of $67.07.

Entergy Corporation, together with its subsidiaries, engages in the electric power production and retail electric distribution operations in the United States. The company operates in two segments, Utility and Entergy Wholesale Commodities. Entergy has a market cap of $12.6 billion and is part of the utilities industry. The company has a P/E ratio of 12.7, below the S&P 500 P/E ratio of 17.7. Shares are down 7.1% year to date as of the close of trading on Monday. Currently there are 2 analysts that rate Entergy a buy, 2 analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Entergy as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, increase in stock price during the past year and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Entergy Ratings Report now.

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