4 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

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average (^DJI) trading up 15 points (0.1%) at 12,980 as of Tuesday, Dec. 4, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,319 issues advancing vs. 1,553 declining with 162 unchanged.

The Utilities sector currently is unchanged today versus the S&P 500, which is down 0.1%. A company within the sector that fell today was TransAlta Corporation (TAC), up 1.6%. Top gainers within the sector include Atlas Energy (ATLS), up 4.3%, Centrais Eletricas Brasileiras (EBR), up 1.2% and Centrais Eletricas Brasileiras (EBR.B), up 0.9%.

TheStreet Ratings group would like to highlight 4 stocks pushing the sector lower today:

4. CenterPoint Energy (CNP) is one of the companies pushing the Utilities sector lower today. As of noon trading, CenterPoint Energy is down $0.21 (-1.1%) to $19.55 on average volume Thus far, 1.1 million shares of CenterPoint Energy exchanged hands as compared to its average daily volume of 2.9 million shares. The stock has ranged in price between $19.55-$19.76 after having opened the day at $19.75 as compared to the previous trading day's close of $19.76.

CenterPoint Energy, Inc. operates as a public utility holding company. CenterPoint Energy has a market cap of $8.4 billion and is part of the utilities industry. The company has a P/E ratio of 21.0, above the S&P 500 P/E ratio of 17.7. Shares are down 1.8% year to date as of the close of trading on Monday. Currently there are 4 analysts that rate CenterPoint Energy a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates CenterPoint Energy as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full CenterPoint Energy Ratings Report now.

EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass

1 2 3 4 Next › Last »

 

For more information on Edison International click any of the following:

• Edison International Stock Price

• Edison International Analyst Ratings

• Edison International Key Stats & Profile

• Edison International Earnings

• Edison International Ratio Comparison

• Edison International Growth Rates

• Edison International Balance Sheet

• Edison International Cash Flow

• Edison International Income Statement