3 Stocks Underperforming Today In The Utilities Sector

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

All three major indices are trading up today with the

Dow Jones Industrial Average

(

^DJI

) trading up 8 points (0.0%) at 18,524 as of Monday, July 18, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,660 issues advancing vs. 1,244 declining with 151 unchanged.

The Utilities sector currently is unchanged today versus the S&P 500, which is up 0.1%.

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

3.

Hawaiian Electric Industries

(

HE

) is one of the companies pushing the Utilities sector lower today. As of noon trading, Hawaiian Electric Industries is down $1.97 (-6.1%) to $30.51 on heavy volume. Thus far, 1.5 million shares of Hawaiian Electric Industries exchanged hands as compared to its average daily volume of 426,400 shares. The stock has ranged in price between $30.50-$31.16 after having opened the day at $30.97 as compared to the previous trading day's close of $32.48.

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Hawaiian Electric Industries, Inc., through its subsidiaries, engages in the electric utility and banking businesses primarily in the State of Hawaii. The company is involved in the production, purchase, transmission, distribution, and sale of electricity. Hawaiian Electric Industries has a market cap of $3.5 billion and is part of the utilities industry. Shares are up 12.2% year-to-date as of the close of trading on Friday. Currently there are no analysts that rate Hawaiian Electric Industries a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Ratings rates

Hawaiian Electric Industries

as a

buy

. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, increase in net income, reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel its strengths outweigh the fact that the company shows low profit margins. Get the full

Hawaiian Electric Industries Ratings Report

now.

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2. As of noon trading,

TransCanada

(

TRP

) is down $0.73 (-1.5%) to $46.53 on light volume. Thus far, 392,496 shares of TransCanada exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $46.49-$47.15 after having opened the day at $47.14 as compared to the previous trading day's close of $47.26.

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TransCanada Corporation operates as an energy infrastructure company in North America. The company operates through three segments: Natural Gas Pipelines, Liquids Pipelines, and Energy. TransCanada has a market cap of $33.1 billion and is part of the energy industry. Shares are up 45.0% year-to-date as of the close of trading on Friday. Currently there are 2 analysts that rate TransCanada a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates

TransCanada

as a

hold

. The company's strengths can be seen in multiple areas, such as its expanding profit margins, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, generally higher debt management risk and disappointing return on equity. Get the full

TransCanada Ratings Report

now.

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1. As of noon trading,

ONEOK

(

OKE

) is down $0.50 (-1.0%) to $47.62 on light volume. Thus far, 745,451 shares of ONEOK exchanged hands as compared to its average daily volume of 2.9 million shares. The stock has ranged in price between $47.33-$47.95 after having opened the day at $47.82 as compared to the previous trading day's close of $48.12.

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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 $10.0 billion and is part of the utilities industry. Shares are up 95.1% year-to-date as of the close of trading on Friday. Currently there are 3 analysts that rate ONEOK a buy, 2 analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates

ONEOK

as a

hold

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

ONEOK 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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