3 Stocks Pushing The Utilities Sector Downward

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 29 points (-0.2%) at 17,702 as of Tuesday, Nov. 10, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,315 issues advancing vs. 1,646 declining with 122 unchanged.

The Utilities sector currently sits up 0.2% versus the S&P 500, which is down 0.3%. A company within the sector that fell today was

Praxair

(

PX

), up 1.5%. Top gainers within the sector include

Centrais Eletricas Brasileiras

(

EBR.B

), up 7.3%,

Edison International

(

EIX

), up 1.8%,

PG&E

(

PCG

), up 1.4%,

American Electric Power

(

AEP

), up 1.0% and

Southern

(

SO

), up 0.9%.

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

3.

Korea Electric Power

(

KEP

) is one of the companies pushing the Utilities sector lower today. As of noon trading, Korea Electric Power is down $0.94 (-4.2%) to $21.66 on average volume. Thus far, 118,843 shares of Korea Electric Power exchanged hands as compared to its average daily volume of 311,400 shares. The stock has ranged in price between $21.53-$21.80 after having opened the day at $21.67 as compared to the previous trading day's close of $22.60.

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Korea Electric Power Corporation, integrated electric utility company, generates, transmits, and distributes electricity in Korea and internationally. Korea Electric Power has a market cap of $29.0 billion and is part of the utilities industry. Shares are up 16.7% year-to-date as of the close of trading on Monday. Currently there is 1 analyst that rates Korea Electric Power a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates

Korea Electric Power

as a

hold

. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and poor profit margins. Get the full

Korea Electric Power Ratings Report

now.

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2. As of noon trading,

TransCanada

(

TRP

) is down $0.32 (-1.0%) to $32.19 on light volume. Thus far, 340,860 shares of TransCanada exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $32.12-$32.71 after having opened the day at $32.38 as compared to the previous trading day's close of $32.51.

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TransCanada Corporation operates as an energy infrastructure company in North America. The company operates in three segments: Natural Gas Pipelines, Liquids Pipelines, and Energy. TransCanada has a market cap of $23.1 billion and is part of the energy industry. Shares are down 33.8% year-to-date as of the close of trading on Monday. Currently there are 2 analysts that rate TransCanada a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates

TransCanada

as a

hold

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

TransCanada Ratings Report

now.

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1. As of noon trading,

SolarCity

(

SCTY

) is down $1.71 (-6.2%) to $26.18 on average volume. Thus far, 2.5 million shares of SolarCity exchanged hands as compared to its average daily volume of 3.4 million shares. The stock has ranged in price between $25.44-$27.89 after having opened the day at $27.83 as compared to the previous trading day's close of $27.89.

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SolarCity Corporation designs, manufactures, installs, maintains, monitors, leases, and sells solar energy systems to residential, commercial, government, and other customers in the United States. SolarCity has a market cap of $2.8 billion and is part of the utilities industry. Shares are down 47.9% year-to-date as of the close of trading on Monday. Currently there are 10 analysts that rate SolarCity a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates

SolarCity

as a

sell

. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally high debt management risk, disappointing return on equity, poor profit margins and generally disappointing historical performance in the stock itself. Get the full

SolarCity 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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