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 modelAll three major indices are trading down today with the Dow Jones Industrial Average (^DJI) trading down 24 points (-0.2%) at 13,886 as of Thursday, Jan. 31, 2013, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,305 issues advancing vs. 1,515 declining with 144 unchanged.The Utilities sector currently sits down 0.2% versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the sector include Centrais Eletricas Brasileiras (EBR.B), down 2.1%, and CPFL Energy (CPL), down 1.2%.TheStreet Ratings group would like to highlight 5 stocks pushing the sector lower today:5. TransCanada (TRP) is one of the companies pushing the Utilities sector lower today. As of noon trading, TransCanada is down $0.86 (-1.8%) to $47.24 on heavy volume Thus far, 379,657 shares of TransCanada exchanged hands as compared to its average daily volume of 410,200 shares. The stock has ranged in price between $47.16-$48.10 after having opened the day at $48.08 as compared to the previous trading day's close of $48.10. Transcanada Corporation operates as an energy infrastructure company in North America. The company operates in three segments: Natural Gas Pipelines, Oil Pipelines, and Energy. TransCanada has a market cap of $34.5 billion and is part of the utilities industry. The company has a P/E ratio of 24.9, above the S&P 500 P/E ratio of 17.7. Shares are up 2.8% year to date as of the close of trading on Wednesday. Currently there are 3 analysts that rate TransCanada a buy, no analysts rate it a sell, and 5 rate it a hold.TheStreet Ratings rates TransCanada as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins and solid stock price performance. 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 TransCanada Ratings Report now.It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE
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