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3 Stocks Pulling The Utilities Sector Downward

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 64 points (0.4%) at 14,866 as of Thursday, April 11, 2013, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,808 issues advancing vs. 1,100 declining with 140 unchanged.

The Utilities sector currently sits up 0.2% versus the S&P 500, which is up 0.4%. On the negative front, top decliners within the sector include Centrais Eletricas Brasileiras (EBR.B), down 2.82, Centrais Eletricas Brasileiras (EBR), down 2.53 and AmeriGas Partners (APU), down 1.90. Top gainers within the sector include Korea Electric Power (KEP), up 2.4%, Edison International (EIX), up 1.2%, FirstEnergy (FE), up 1.0% and Duke Energy Corporation (DUK), up 0.9%.

TheStreet Ratings group would like to highlight 3 stocks pushing the sector lower today:

3. CPFL Energy (CPL) is one of the companies pushing the Utilities sector lower today. As of noon trading, CPFL Energy is down $0.24 (-1.1%) to $21.69 on light volume Thus far, 118,353 shares of CPFL Energy exchanged hands as compared to its average daily volume of 428,400 shares. The stock has ranged in price between $21.63-$21.92 after having opened the day at $21.88 as compared to the previous trading day's close of $21.93.

CPFL Energia S.A., through its subsidiaries, engages in the generation, distribution, and sale of electric energy in Brazil. It generates electricity through hydroelectric, thermoelectric, sugarcane biomass, and wind power plants. CPFL Energy has a market cap of $10.6 billion and is part of the utilities industry. The company has a P/E ratio of 17.1, below the S&P 500 P/E ratio of 17.7. Shares are up 4.6% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates CPFL Energy as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth and notable return on equity. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and generally higher debt management risk. Get the full CPFL Energy Ratings Report now.

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