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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

One out of the three major indices are trading lower today with the Dow Jones Industrial Average (^DJI) trading down 9 points (-0.1%) at 12,786 as of Tuesday, Nov. 20, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,471 issues advancing vs. 1,424 declining with 128 unchanged.

The Utilities sector currently sits down 0.3% versus the S&P 500, which is up 0.0%. On the negative front, top decliners within the sector include Centrais Eletricas Brasileiras (EBR), down 5.8%, Empresa Nacional de Electricidad (EOC), down 1.2%, Calpine (CPN), down 1.4%, Public Service Enterprise Group (PEG), down 1.0% and Korea Electric Power (KEP), down 0.7%.

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

5. Consolidated Edison (ED) is one of the companies pushing the Utilities sector lower today. As of noon trading, Consolidated Edison is down $0.44 (-0.8%) to $54.31 on light volume Thus far, 488,956 shares of Consolidated Edison exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $54.17-$54.80 after having opened the day at $54.76 as compared to the previous trading day's close of $54.75.

Consolidated Edison, Inc., through its subsidiaries, provides energy services to residential, commercial, industrial, and government customers in the United States. Consolidated Edison has a market cap of $16.1 billion and is part of the utilities industry. The company has a P/E ratio of 14.4, below the S&P 500 P/E ratio of 17.7. Shares are down 11.7% year to date as of the close of trading on Monday. Currently there is 1 analyst that rates Consolidated Edison a buy, 2 analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Consolidated Edison as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, attractive valuation levels, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Consolidated Edison Ratings Report now.

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