3 Stocks Pushing The Utilities Sector Downward
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
All three major indices are trading up today with the
Dow Jones Industrial Average
(
^DJI
) trading up 62 points (0.4%) at 16,880 as of Tuesday, Oct. 28, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,323 issues advancing vs. 662 declining with 163 unchanged.
The Utilities sector currently sits up 0.7% versus the S&P 500, which is up 0.5%. On the negative front, top decliners within the sector include
(
), down 1.4%,
(
), down 1.0% and
TheStreet Recommends
(
), down 0.9%. Top gainers within the sector include
(
), up 5.5%,
Centrais Eletricas Brasileiras
(
), up 4.5%,
(
), up 3.7%,
(
), up 1.8% and
Empresa Nacional de Electricidad
(
), up 1.4%.
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, Dominion Resources is down $0.35 (-0.5%) to $70.01 on light volume. Thus far, 903,790 shares of Dominion Resources exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $69.89-$70.67 after having opened the day at $70.51 as compared to the previous trading day's close of $70.36.
Dominion Resources, Inc., together with its subsidiaries, engages in producing and transporting 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 up 9.3% year-to-date as of the close of trading on Monday. Currently there are 7 analysts that rate Dominion Resources a buy, no analysts rate it a sell, and 5 rate it a hold.
TheStreet Ratings rates
Dominion Resources
as a
. The company's strengths can be seen in multiple areas, such as its expanding profit margins, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full
Dominion Resources Ratings Report
now.
2. As of noon trading,
(
) is down $0.33 (-0.7%) to $47.05 on average volume. Thus far, 2.3 million shares of Southern exchanged hands as compared to its average daily volume of 5.0 million shares. The stock has ranged in price between $46.92-$47.59 after having opened the day at $47.48 as compared to the previous trading day's close of $47.38.
The Southern Company, together with its subsidiaries, operates as a public electric utility company. Southern has a market cap of $42.5 billion and is part of the utilities industry. Shares are up 15.3% year-to-date as of the close of trading on Monday. Currently there are 2 analysts that rate Southern a buy, 3 analysts rate it a sell, and 8 rate it a hold.
TheStreet Ratings rates
Southern
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, compelling growth in net income, impressive record of earnings per share growth and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full
now.
1. As of noon trading,
(
) is down $0.63 (-0.8%) to $79.98 on light volume. Thus far, 1.1 million shares of Duke Energy Corporation exchanged hands as compared to its average daily volume of 3.2 million shares. The stock has ranged in price between $79.91-$80.83 after having opened the day at $80.70 as compared to the previous trading day's close of $80.61.
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 $56.8 billion and is part of the utilities industry. Shares are up 16.4% 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 6 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 growth in earnings per share, increase in net income, revenue growth, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full
Duke Energy Corporation Ratings Report
now.
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
(
).
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