3 Stocks Dragging In The Utilities Sector

TheStreet highlights 3 stocks pushing the utilities sector lower today.
By TheStreet Wire ,

All three major indices are trading down today with the

Dow Jones Industrial Average

(

^DJI

) trading down 230 points (-1.3%) at 17,680 as of Monday, Nov. 9, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 442 issues advancing vs. 2,580 declining with 96 unchanged.

The Utilities sector currently sits down 0.4% versus the S&P 500, which is down 1.3%. A company within the sector that fell today was

Huaneng Power International

(

HNP

), up 2.2%. A company within the sector that increased today was

Exelon

(

EXC

), up 2.6%.

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

3.

ONEOK

(

OKE

) is one of the companies pushing the Utilities sector lower today. As of noon trading, ONEOK is down $0.87 (-2.8%) to $30.73 on light volume. Thus far, 892,116 shares of ONEOK exchanged hands as compared to its average daily volume of 2.6 million shares. The stock has ranged in price between $30.53-$31.93 after having opened the day at $31.36 as compared to the previous trading day's close of $31.60.

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ONEOK, Inc., through its general partner interests in ONEOK Partners, L.P., engages in the gathering, processing, storage, and transportation of natural gas in the United States. ONEOK has a market cap of $6.6 billion and is part of the utilities industry. Shares are down 36.5% year-to-date as of the close of trading on Friday. Currently there are 3 analysts that rate ONEOK a buy, 3 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates

ONEOK

as a

hold

. The company's strengths can be seen in multiple areas, such as its increase in net income, notable return on equity and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, a generally disappointing performance in the stock itself and poor profit margins. Get the full

ONEOK Ratings Report

now.

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2. As of noon trading,

Sempra Energy

(

SRE

) is down $0.52 (-0.5%) to $100.40 on light volume. Thus far, 473,384 shares of Sempra Energy exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $100.01-$100.93 after having opened the day at $100.76 as compared to the previous trading day's close of $100.92.

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Sempra Energy operates as an energy services holding company worldwide. The company's San Diego Gas & Electric Company segment transmits and distributes electricity and/or natural gas. Sempra Energy has a market cap of $25.8 billion and is part of the utilities industry. Shares are down 9.4% year-to-date as of the close of trading on Friday. Currently there are 5 analysts that rate Sempra Energy a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates

Sempra Energy

as a

buy

. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, notable return on equity and reasonable valuation levels. We feel its strengths outweigh the fact that the company has had sub par growth in net income. Get the full

Sempra Energy Ratings Report

now.

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1. As of noon trading,

Praxair

(

PX

) is down $1.44 (-1.3%) to $112.14 on light volume. Thus far, 439,218 shares of Praxair exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $111.73-$113.54 after having opened the day at $113.03 as compared to the previous trading day's close of $113.58.

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Praxair, Inc. produces, sells, and distributes atmospheric, process, and specialty gases, as well as surface coatings in North America, Europe, South America, and Asia. Praxair has a market cap of $32.3 billion and is part of the chemicals industry. Shares are down 12.3% year-to-date as of the close of trading on Friday. Currently there are 7 analysts that rate Praxair a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates

Praxair

as a

hold

. The company's strengths can be seen in multiple areas, such as its expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, weak operating cash flow and a generally disappointing performance in the stock itself. Get the full

Praxair Ratings Report

now.

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If you are interested in one of these 3 stocks, ETFs may be of interest. Investors who are bullish on the utilities sector could consider

Utilities Select Sector SPDR

(

XLU

) while those bearish on the utilities sector could consider

ProShares UltraShort Utilities

(

SDP

).

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