
NRG, OKE And EQT, 3 Utilities Stocks Pushing The Sector Lower
All three major indices are trading up today with the
Dow Jones Industrial Average
(
^DJI
) trading up 35 points (0.2%) at 17,119 as of Monday, Oct. 12, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,447 issues advancing vs. 1,507 declining with 153 unchanged.
The Utilities sector currently sits up 0.3% versus the S&P 500, which is up 1.8%. On the negative front, top decliners within the sector include
(
), down 6.0%,
Brookfield Renewable Energy Partners
(
), down 1.4%,
(
), down 0.9% and
(
), down 0.8%. Top gainers within the sector include
(
), up 2.7%,
(
), up 1.6%,
(
), up 1.5%,
(
), up 1.3% and
(
), up 1.1%.
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, NRG Energy is down $0.49 (-3.2%) to $14.97 on light volume. Thus far, 1.6 million shares of NRG Energy exchanged hands as compared to its average daily volume of 6.6 million shares. The stock has ranged in price between $14.97-$15.58 after having opened the day at $15.51 as compared to the previous trading day's close of $15.46.
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NRG Energy, Inc., together with its subsidiaries, operates as a power company. NRG Energy has a market cap of $5.1 billion and is part of the utilities industry. Shares are down 42.6% year-to-date as of the close of trading on Friday. Currently there are 6 analysts that rate NRG Energy a buy, no analysts rate it a sell, and none rate it a hold.
TheStreet Ratings rates
NRG Energy
as a
. 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 good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, generally higher debt management risk and poor profit margins. Get the full
now.
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2. As of noon trading,
(
) is down $1.22 (-3.1%) to $38.36 on light volume. Thus far, 742,502 shares of ONEOK exchanged hands as compared to its average daily volume of 2.8 million shares. The stock has ranged in price between $38.21-$39.62 after having opened the day at $39.59 as compared to the previous trading day's close of $39.58.
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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 $8.2 billion and is part of the utilities industry. Shares are down 20.5% year-to-date as of the close of trading on Friday. Currently there are 3 analysts that rate ONEOK a buy, 3 analysts rate it a sell, and 6 rate it a hold.
TheStreet Ratings rates
ONEOK
as a
. The company's strengths can be seen in multiple areas, such as its increase in net income, notable return on equity and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, generally higher debt management risk and poor profit margins. Get the full
now.
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1. As of noon trading,
(
) is down $0.78 (-1.1%) to $73.71 on light volume. Thus far, 592,064 shares of EQT exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $73.26-$74.50 after having opened the day at $74.47 as compared to the previous trading day's close of $74.49.
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EQT Corporation, together with its subsidiaries, operates as a natural gas company in the United States. It operates in two segments, EQT Production and EQT Midstream. EQT has a market cap of $11.4 billion and is part of the energy industry. Shares are down 1.6% year-to-date as of the close of trading on Friday. Currently there are 11 analysts that rate EQT a buy, no analysts rate it a sell, and 5 rate it a hold.
TheStreet Ratings rates
EQT
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 expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. 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
(
).








