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ED, EQT, FE, EXC And SO, Pushing 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.

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 14 points (0.1%) at 16,456 as of Friday, Jan. 3, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,718 issues advancing vs. 1,181 declining with 172 unchanged.

The Utilities sector currently sits up 0.1% versus the S&P 500, which is unchanged. On the negative front, top decliners within the sector include Entergy ( ETR), down 1.7%, and Korea Electric Power ( KEP), down 1.0%.

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

5. Consolidated Edison ( ED) is one of the companies pushing the Utilities sector lower today. As of noon trading, Consolidated Edison is down $0.83 (-1.5%) to $53.13 on average volume. Thus far, 1.5 million shares of Consolidated Edison exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $53.05-$53.79 after having opened the day at $53.58 as compared to the previous trading day's close of $53.96.

Consolidated Edison, Inc., through its subsidiaries, engages in regulated electric, gas, and steam delivery businesses. Consolidated Edison has a market cap of $16.2 billion and is part of the utilities industry. Shares are down 2.4% year to date as of the close of trading on Thursday. Currently there are no analysts that rate Consolidated Edison a buy, 3 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Consolidated Edison as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Consolidated Edison 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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