3 Stocks Pulling The Utilities Sector Downward
All three major indices are trading up today with the
Dow Jones Industrial Average
(
^DJI
) trading up 138 points (0.8%) at 17,628 as of Wednesday, Nov. 18, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 2,048 issues advancing vs. 870 declining with 189 unchanged.
The Utilities sector currently sits down 0.1% versus the S&P 500, which is up 0.8%. On the negative front, top decliners within the sector include
(
), down 2.1%,
Empresa Nacional de Electricidad
(
), down 1.3%,
(
), down 1.0%,
(
), down 0.7% and
(
), down 0.6%. Top gainers within the sector include
Centrais Eletricas Brasileiras
(
), up 4.6%,
(
), up 1.3%,
(
), up 0.8% and
(
), up 0.8%.
TheStreet would like to highlight 3 stocks pushing the sector lower today:
3.
(
) is one of the companies pushing the Utilities sector lower today. As of noon trading, PPL is down $0.20 (-0.6%) to $33.17 on light volume. Thus far, 1.1 million shares of PPL exchanged hands as compared to its average daily volume of 4.9 million shares. The stock has ranged in price between $33.09-$33.43 after having opened the day at $33.40 as compared to the previous trading day's close of $33.37.
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PPL Corporation, a utility company, delivers electricity and natural gas in the United States and the United Kingdom. It serves 321,000 natural gas and 397,000 electric customers in Louisville and 16 surrounding counties; and 543,000 customers in 77 Kentucky counties and 5 counties in Virginia. PPL has a market cap of $22.9 billion and is part of the utilities industry. Shares are down 8.2% year-to-date as of the close of trading on Tuesday. Currently there are 8 analysts that rate PPL a buy, no analysts rate it a sell, and 4 rate it a hold.
TheStreet Ratings rates
PPL
as a
. The company's strengths can be seen in multiple areas, such as its notable return on equity and expanding profit margins. We feel its strengths outweigh the fact that the company has had sub par growth in net income. Get the full
now.
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2. As of noon trading,
(
) is down $0.52 (-0.8%) to $67.78 on light volume. Thus far, 537,097 shares of Dominion Resources exchanged hands as compared to its average daily volume of 2.6 million shares. The stock has ranged in price between $67.63-$68.44 after having opened the day at $68.16 as compared to the previous trading day's close of $68.30.
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Dominion Resources, Inc. produces and transports energy in the United States. The company operates through three segments: Dominion Virginia Power (DVP), Dominion Generation, and Dominion Energy. Dominion Resources has a market cap of $41.2 billion and is part of the utilities industry. Shares are down 11.2% year-to-date as of the close of trading on Tuesday. Currently there are 8 analysts that rate Dominion Resources a buy, no analysts rate it a sell, and 4 rate it a hold.
TheStreet Ratings rates
Dominion Resources
as a
. The company's strengths can be seen in multiple areas, such as its increase in net income, notable return on equity, expanding profit margins, good cash flow from operations and growth in earnings per share. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full
Dominion Resources Ratings Report
now.
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1. As of noon trading,
(
) is down $1.75 (-1.7%) to $99.00 on average volume. Thus far, 1.0 million shares of NextEra Energy exchanged hands as compared to its average daily volume of 2.4 million shares. The stock has ranged in price between $98.68-$101.26 after having opened the day at $100.86 as compared to the previous trading day's close of $100.75.
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NextEra Energy, Inc., through its subsidiaries, generates, transmits, and distributes electric energy in the United States and Canada. The company generates electricity from gas, oil, solar, coal, petroleum coke, nuclear, and wind sources. NextEra Energy has a market cap of $47.0 billion and is part of the utilities industry. Shares are down 5.2% year-to-date as of the close of trading on Tuesday. Currently there are 10 analysts that rate NextEra Energy a buy, no analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates
NextEra Energy
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, good cash flow from operations and impressive record of earnings per share growth. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full
now.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
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
(
) while those bearish on the utilities sector could consider
ProShares UltraShort Utilities
(
).