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4 Stocks Pushing The Utilities Sector Downward

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 22 points (-0.1%) at 16,065 as of Monday, Dec. 2, 2013, 11:45 AM ET. The NYSE advances/declines ratio sits at 1,030 issues advancing vs. 1,883 declining with 116 unchanged.

The Utilities sector currently sits down 0.3% versus the S&P 500, which is unchanged. On the negative front, top decliners within the sector include Centrais Eletricas Brasileiras ( EBR.B), down 1.8%, Energy Company of Minas Gerais ( CIG), down 1.1%, Huaneng Power International Inc. ADR repr C ( HNP), down 0.7% and PPL ( PPL), down 0.5%. A company within the sector that increased today was UGI Corporation ( UGI), up 1.5%.

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

4. CPFL Energy ( CPL) is one of the companies pushing the Utilities sector lower today. As of noon trading, CPFL Energy is down $0.32 (-1.9%) to $16.25 on average volume. Thus far, 248,751 shares of CPFL Energy exchanged hands as compared to its average daily volume of 332,600 shares. The stock has ranged in price between $16.16-$16.38 after having opened the day at $16.37 as compared to the previous trading day's close of $16.57.

CPFL Energia S.A., through its subsidiaries, distributes, generates, and commercializes electricity in Brazil. The company operates in five segments: Distribution, Conventional Generation Sources, Renewable Generation Sources, Commercialization, and Services. CPFL Energy has a market cap of $8.0 billion and is part of the utilities industry. The company has a P/E ratio of 12.9, below the S&P 500 P/E ratio of 17.7. Shares are down 20.9% year to date as of the close of trading on Friday. Currently there is 1 analyst that rates CPFL Energy a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates CPFL Energy as a hold. Among the primary strengths of the company is its growth in net income. At the same time, however, we also find weaknesses including weak operating cash flow, a generally disappointing performance in the stock itself and feeble growth in the company's earnings per share. Get the full CPFL Energy 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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