3 Stocks Underperforming Today In The Utilities Sector
All three major indices are trading up today with the
Dow Jones Industrial Average
(
^DJI
) trading up 86 points (0.5%) at 17,915 as of Tuesday, Nov. 3, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,603 issues advancing vs. 1,362 declining with 155 unchanged.
The Utilities sector currently is unchanged today versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the sector include
(
), down 9.8%,
(
), down 2.0%,
(
), down 1.7% and
(
), down 1.7%. Top gainers within the sector include
(
), up 5.7%,
(
), up 2.2% 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, American Electric Power is down $0.49 (-0.9%) to $56.40 on light volume. Thus far, 689,737 shares of American Electric Power exchanged hands as compared to its average daily volume of 3.0 million shares. The stock has ranged in price between $56.38-$57.04 after having opened the day at $56.69 as compared to the previous trading day's close of $56.89.
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American Electric Power Company, Inc., a public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers. American Electric Power has a market cap of $27.8 billion and is part of the utilities industry. Shares are down 6.3% year-to-date as of the close of trading on Monday. Currently there are 8 analysts that rate American Electric Power a buy, no analysts rate it a sell, and 7 rate it a hold.
TheStreet Ratings rates
American Electric Power
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, good cash flow from operations and attractive valuation levels. 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
American Electric Power Ratings Report
now.
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2. As of noon trading,
(
) is down $0.55 (-1.0%) to $53.00 on light volume. Thus far, 769,653 shares of PG&E exchanged hands as compared to its average daily volume of 3.6 million shares. The stock has ranged in price between $52.97-$53.61 after having opened the day at $53.37 as compared to the previous trading day's close of $53.55.
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PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, transmits, delivers, and sells electricity and natural gas to residential, commercial, industrial, and agricultural customers primarily in northern and central California. PG&E has a market cap of $26.2 billion and is part of the utilities industry. Shares are up 0.6% year-to-date as of the close of trading on Monday. Currently there are 6 analysts that rate PG&E a buy, no analysts rate it a sell, and 6 rate it a hold.
TheStreet Ratings rates
PG&E
as a
. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and solid stock price performance. 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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1. As of noon trading,
(
) is down $0.47 (-0.7%) to $71.71 on light volume. Thus far, 942,306 shares of Duke Energy Corporation exchanged hands as compared to its average daily volume of 3.4 million shares. The stock has ranged in price between $71.50-$72.29 after having opened the day at $71.86 as compared to the previous trading day's close of $72.18.
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.
Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States and Latin America. It operates through three segments: Regulated Utilities, International Energy, and Commercial Power. Duke Energy Corporation has a market cap of $49.2 billion and is part of the utilities industry. Shares are down 13.6% year-to-date as of the close of trading on Monday. Currently there are 7 analysts that rate Duke Energy Corporation a buy, 1 analyst rates it a sell, and 8 rate it a hold.
TheStreet Ratings rates
Duke Energy Corporation
as a
. The company's strengths can be seen in multiple areas, such as its good cash flow from operations and expanding profit margins. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full
Duke Energy Corporation Ratings Report
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
(
).