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5 Stocks Dragging 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

One out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 13 points (0.1%) at 15,338 as of Friday, May 31, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 963 issues advancing vs. 1,995 declining with 88 unchanged.

The Utilities sector currently is unchanged today versus the S&P 500, which is down 0.09. On the negative front, top decliners within the sector include Centrais Eletricas Brasileiras ( EBR), down 4.89, and Centrais Eletricas Brasileiras ( EBR.B), down 2.45. Top gainers within the sector include Sempra Energy ( SRE), up 1.6%, Entergy ( ETR), up 1.2% and PG&E ( PCG), up 0.9%.

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

5. Energy Company of Parana ( ELP) is one of the companies pushing the Utilities sector lower today. As of noon trading, Energy Company of Parana is down $0.83 (-5.0%) to $15.85 on heavy volume Thus far, 269,920 shares of Energy Company of Parana exchanged hands as compared to its average daily volume of 321,100 shares. The stock has ranged in price between $15.82-$16.56 after having opened the day at $16.46 as compared to the previous trading day's close of $16.68.

Companhia Paranaense de Energia - COPEL engages in the generation, transmission, distribution, and sale of electricity primarily to industrial, residential, commercial, and rural customers primarily in the State of Parana, Brazil. Energy Company of Parana has a market cap of $4.6 billion and is part of the utilities industry. The company has a P/E ratio of 19.8, above the S&P 500 P/E ratio of 17.7. Shares are up 8.7% year to date as of the close of trading on Thursday. Currently there are 2 analysts that rate Energy Company of Parana a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Energy Company of Parana as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Energy Company of Parana Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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